COURSE CODE: ACC 102

COURSE TITLE: INTRODUCTION TO ACCOUNTING 11

COURSE UNIT: 3C

WEEK TOPIC

1. MANUFACTURING ACCOUNT
- Purpose of Manufacturing Accounting
- Element of Cost
- treatment of Work-in-Progress
- Market Value of Goods produced
- Preparation of Manufacturing Accounts

2. DEPARTMENTAL ACCOUNTS
- Purpose of Department account
- Apportionment of Common items
- Inter-Departmental Transfers.
- Preparation of Departmental Accounts

3. INTERPRETATION OF ACCOUNTS
- Meaning of Ratios
- Calculation of Ratios
- Usefulness of Ratios
- Limitations of Ratios

4. ASSET AQUISITION, DEPRECIATION AND DISPOSAL

- Meaning of Assets
- Treatment of Assets
- Meaning of Depreciation
- Purpose of Depreciation
- Calculation of Depreciation
* Straight Blue Method
* Reducing Balance Method
* Sum of Digits Method
* Annuity Method
- Meaning of Asset Disposal
- Accounting Entries for Disposal of Assets

5. CONTROL ACCOUNTS
- Meaning of Control Account
- Explanation of total and Subsidiary Discounts
- Types of Control Account
- Purpose of Control Account
- Preparation of Control Account

6. INCOMPLETE RECORDS AND SINGLE ENTRY BOOK-KEEPING

 - Single Entries
- Incomplete Records
- Use of Control Accounts in relation to incomplete records
- The Capital Approach of Profit Determination

7. ACCOUNTS OF NOT FOR PROFIT MAKING

ORGANISATIONS
- Types of non Profit Making Organisations
- Receipts and payment Account
- Income and Expenditure Account
- Accumulated Fund
- Balance Sheet.

8. PROVISION AND RESERVES

- Meaning and difference between provisions and reserves
- Creating, Increasing and Decreasing Provisions
- Treatment of Provisions in Profit and loss Account
- Presentation of Provisions in the Balance Sheet
- Types of Reserves
- Presentation of Reserves in the Balance Sheet.

Recommend texts
See ACC 101