CS_FP :: Foundation Programme

Paper 3 : Financial Accounting

[One paper: Three Hours 100 marks]
Level of Knowledge :
Basic knowledge.
Objective . . .
To familiarize and develop an understanding the skills of accounting principles for effective
recording of business operations of an entity.
Contents . . .
1. Introduction to accounting
2. Recording of transactions
3. Preparation of bank reconciliation statement
4. Rectification of errors
5. Preparation of final accounts (non-corporate entities)
6. Accounting for depreciation
7. Accounting for bills of exchange
8. Accounts of non-profit organizations
9. Single entry accounts - preparation of accounts from incomplete records
10. Accounting for consignments and joint ventures
11. Partnership accounts simple problems
12. Insurance claims