PRC-1 Fundamentals Of Accounting by Sir Taha Popatia

PRC-1 Fundamentals of Accounting by Sir Taha Popatia

This course is part of the PRC Module

Students already enrolled: 10,000+

Fee: Rs 14,999

What you will Learn

This course covers essential topics and concepts that are fundamental to the field of accounting.

Course Content

A. Recording financial information

1-Describe book keeping and accounting.
2-Discuss elements of financial statements.
3-Record financial information in books of prime entry.

B. Adjustments in the recorded financial information

1-Account for adjustment for bad and doubt receivables.
2-Adjustments for accrual and prepayment.
3-Impact of errors on financial statements.
4-Prepare bank reconciliation statements.
5-Prepare trial balance

C. Preparing Financial statements

1-Distribute profits of a partnership business.
2-Prepare statement of profit or loss.
3-Prepare statement of financial position.

D. Accounting for Depreciation and Inventories

1-Concepts of measurement of Inventories and its recognition as expense.
2-Concepts of measurement, recognition and presentation of property plant and equipment.
3-Depreciation charges.

Additional Content

IAS 2 - Inventories
IAS 16 - Property, Plant and Equipment.

Taha has always been at the top of his game. As a student, he had secured many positions and declared Pakistan’s top ACCA affiliate. As a teacher he has been teaching in various famous institutes for more than a decade now.