Accounting

This course introduces students to essential accounting principles and practices, covering topics such as departmental and manufacturing accounts. Students will learn how to prepare financial records for different departments and calculate the cost of production in a manufacturing business. Additionally, they will explore the distinction between capital and revenue expenditure, understanding how long-term investments and day-to-day expenses impact financial statements. The topic of fixed asset disposal will also be covered, teaching students how businesses record the sale, depreciation, or write-off of assets.

Further, students will study fundamental accounting concepts and conventions that ensure accuracy and consistency in financial reporting. They will also be introduced to accounting ratios, which help analyze a company’s financial health by assessing profitability, liquidity, and efficiency. By the end of the course, students will develop a solid foundation in financial accounting, equipping them with the skills necessary for business operations and decision-making.