Professional Diploma in Accounting

Course Duration: 12 months

Total modules: 12 modules

The topics covers in this module are the accounting equation and the basis of double-entry book-keeping, recording transactions through double entry, balancing accounts, purchases/sales/returns, the ledger: its subdivision, day books, bank facilities/methods of payment or receipt of money, cash book and cash discount, bank reconciliation, petty cash book and the imprest system, trial balance, adjusting for accruals and prepayments in the final accounts, depreciation of fixed assets, the entries relating to bad debts, the journal, capital and revenue expenditure, errors in the accounts and their correction, effect of profit (or loss) and drawings upon capital, trading and profit and loss accounts, the balance sheet and an introduction to control accounts.

Contents

Module 1 : Recording Financial Transactions

The objective of this module is to:

1.Develop an understanding of the basic principles underlying the recording of business transactions.

2.Develop students’ ability to prepare and interpret accounts for sole-traders, partnerships, non-trading organizations & limited companies.

Module 2 : Maintaining Financial Transactions

To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double entry accounting techniques including the preparation of basic financial statements

Module 3 : Management Information

The objective of this module is to enable students to develop :

1.Analyse information for both short term and long term decision making

2.Use management accounting information for the purposes of planning and control of cash and other resources within business organisation and an understanding of factors affecting the planning and control process

3.Explain how product costs can be ascertained using different costing methods

Describe business performance measures, and the relevance and impact of transfer pricing.

Module 4 : Managing Costs & Finances

To develop and understanding of how to prepare, process and present basic cost information to support management in planning and decision making in a variety of business contents

Module 5 : Accountant in Business

1.To ensure student understand how business operate & how accounting & finance functions support business in achieving their objectives.

2.To introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical.

Module 6 : Financial Accounting

To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of  double entry accounting techniques including the  preparation of  basic financial statements.

Module 7 : Management Accounting

To  develop  knowledge  and  understanding  of  providing  basic  management information in an organisations to support management in planning and decision- making.

Module 8 : Business Statistic

1.Enable candidates to develop a knowledge and understanding of more advanced statistical techniques.

2.Enable candidates to develop the ability to apply this knowledge and understanding involving business problems.

Module 9 : Accounting

1.Develop an understanding of the basic principles underlying the recording of business transactions.

2.Develop the ability to prepare and interpret accounts for sole traders’ partnership, non-trading organisations, limited companies and groups of companies in accordance with basic accounting conventions and current accounting practice.

3.Develop the ability to apply the principles of decision making.

Module 10 : Cost Accounting

1.An understanding of advanced aspects of the processing of cost accounting information, including stock control.

2.An understanding of how cost accounting information can be used for the purpose of short-term planning, control and decision making within business organizations.

3.The ability to apply this understanding on cost accounting in a variety of business settings.

Module 11 : Advanced Business Calculations

1.Develop a broad knowledge and understanding of advanced business calculations in relation to simple and compound interest, stock exchanges, business ownership, profitability and liquidity, investment appraisal, bankruptcy, depreciation of business assets and index numbers.

2.Develop the ability to apply this knowledge and understanding in a business situation.

Module 12 : PROJECT PAPER

To train the students to apply appropriate business strategy , business finance, performance and management when developing and accessing business plans.

“Responsibility, Innovation, Enthusiasm”

BOWEN ACADEMY

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