Introduction to Financial Accounting

Description

takes you through basic double entry accounting leading to the production of a trial balance. You will discover how to extend the trial balance to produce the required information to generate the final accounts, consisting of a statement of financial position and a statement of comprehensive income. Furthermore, you will develop the accounting skills required for the adjustment of accounts for accruals, bad debts, bad debt provision and VAT. The module produces accounts for a sole proprietor, partnership and introduces the notion of accounting for incorporated business. Assessment: