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N4 Introduction To Financial Accounting
N4 Introduction To Financial Accounting
N4
Module 1 – Accounting theory, principles and
concepts
THE CONCEPT OF ACCOUNTANCY
The following concepts are used in accounting:
• Assets;
• Owner’s equity;
• Capital;
• Liabilities
• Expenses; and
• Income.
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Module 1 – Accounting theory, principles and concepts (continued)
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Module 1 – Accounting theory, principles and concepts (continued)
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Module 2 – Forms of ownership
FORMS OF OWNERSHIP
Most transactions are accompanied by source documents. Source
documents represent the starting point of the recording process, providing
detailed information from which each transaction is systematically classified
and filed and subsequently entered into the respective books of prime entry.
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Module 3 – Documents and authorisation of
transactions
SOURCE DOCUMENTS
The following concepts are used in accounting:
• Assets;
• Owner’s equity;
• Capital;
• Liabilities
• Expenses; and
• Income.
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Module 3 – Documents and authorisation of transactions (continued)
INTERNAL DOCUMENTS
Most transactions are accompanied by source documents. Source
documents represent the starting point of the recording process, providing
detailed information from which each transaction is systematically classified
and filed and subsequently entered into the respective books of prime entry.
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Module 3 – Documents and authorisation of transactions (continued)
EXTERNAL DOCUMENTS
Most transactions are accompanied by source documents. Source
documents represent the starting point of the recording process, providing
detailed information from which each transaction is systematically classified
and filed and subsequently entered into the respective books of prime entry.
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Module 3 – Documents and authorisation of transactions (continued)
FILING/ARCHIVING OF DOCUMENTS
Most transactions are accompanied by source documents. Source
documents represent the starting point of the recording process, providing
detailed information from which each transaction is systematically classified
and filed and subsequently entered into the respective books of prime entry.
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Module 3 – Documents and authorisation of transactions (continued)
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Module 3 – Documents and authorisation of transactions (continued)
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Module 3 – Documents and authorisation of transactions (continued)
AUTHORISATION OF TRANSACTIONS
Most transactions are accompanied by source documents. Source
documents represent the starting point of the recording process, providing
detailed information from which each transaction is systematically classified
and filed and subsequently entered into the respective books of prime entry.
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Module 3 – Documents and authorisation of transactions (continued)
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Module 4 – Starting a commercial enterprise
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Module 4 – Starting a commercial enterprise (continued)
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Module 4 – Starting a commercial enterprise (continued)
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Module 4 – Starting a commercial enterprise (continued)
INTERNET BANKING
Most transactions are accompanied by source documents. Source
documents represent the starting point of the recording process, providing
detailed information from which each transaction is systematically classified
and filed and subsequently entered into the respective books of prime entry.
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Module 5 – Financial concepts and the
Accounting equation
FINANCIAL CONCEPTS
The following concepts are used in accounting:
• Assets;
• Owner’s equity;
• Capital;
• Liabilities
• Expenses; and
• Income.
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Module 5 – Financial concepts and the Accounting equation (continued)
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Module 5 – Financial concepts and the Accounting equation (continued)
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Module 5 – Financial concepts and the Accounting equation (continued)
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Module 6 –Trading concerns; principles
regarding double entries
THE GENERAL LEDGER
The following concepts are used in accounting:
• Assets;
• Owner’s equity;
• Capital;
• Liabilities
• Expenses; and
• Income.
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Module 6 –Trading concerns; principles regarding double entries
(continued)
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Module 6 –Trading concerns; principles regarding double entries
(continued)
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Module 6 –Trading concerns; principles regarding double entries
(continued)
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Module 6 –Trading concerns; principles regarding double entries
(continued)
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Module 6 –Trading concerns; principles regarding double entries
(continued)
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Module 7 – Cash receipts journal and transfer
(post) to the ledger
CASH RECIEPTS JOURNAL
The following concepts are used in accounting:
• Assets;
• Owner’s equity;
• Capital;
• Liabilities
• Expenses; and
• Income.
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Module 7 – Cash receipts journal and transfer (post) to the ledger
(continued)
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Module 8 – Cash payments and transfer (post) to
the ledger
CASH PAYMENTS JOURNAL
The following concepts are used in accounting:
• Assets;
• Owner’s equity;
• Capital;
• Liabilities
• Expenses; and
• Income.
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Module 8 – Cash payments and transfer (post) to the ledger (continued)
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Module 8 – Cash payments and transfer (post) to the ledger (continued)
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Module 9 – Analysis Cash book and transfer
(post) to the ledger
ANALYSIS CASH BOOK
The following concepts are used in accounting:
• Assets;
• Owner’s equity;
• Capital;
• Liabilities
• Expenses; and
• Income.
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Module 10 – Petty cash journal
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Module 10 – Petty cash journal (continued)
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Module 11 – Wages and salaries journal
OVERTIME REMUNERATION
Most transactions are accompanied by source documents. Source
documents represent the starting point of the recording process, providing
detailed information from which each transaction is systematically classified
and filed and subsequently entered into the respective books of prime entry.
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Module 11 – Wages and salaries journal (continued)
DEDUCTIONS
Most transactions are accompanied by source documents. Source
documents represent the starting point of the recording process, providing
detailed information from which each transaction is systematically classified
and filed and subsequently entered into the respective books of prime entry.
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Module 11 – Wages and salaries journal (continued)
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Module 11 – Wages and salaries journal (continued)
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Module 12 – Bank reconciliation
BANK RECONCILIATION
The following concepts are used in accounting:
• Assets;
• Owner’s equity;
• Capital;
• Liabilities
• Expenses; and
• Income.
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Module 12 – Bank reconciliation (continued)
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Module 12 – Bank reconciliation (continued)
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Module 13 – End-of-year procedure
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