PRC-4 Introduction to Accounting by Sir Nasir Vohra
This course is part of the PRC Module
Students already enrolled: 10,000+
Nasir Vohra
Instructor
Fee: Rs 10,000
What you will Learn
This course covers essential topics and concepts that are fundamental to the field of accounting.
Course Content
Accounting and Book Keeping:
1.Describe accounting and book keeping.
2.Discuss elements of financial statements.
3. Account for financial transactions in books of prime entry, factory ledger and general ledger.
4. Compute and account for adjustments for bad debts and doubtful, accrued expenses and prepayment.
5. Prepare trial balance.
6. Prepare bank reconciliation statements and make corrections in books of accounts.
Financial Statements:
- Prepare manufacturing account.
- Prepare a statement of comprehensive income.
- Prepare a statement of financial position.
Depreciation and Inventories:
- Calculate cost and net realizable value of inventory.
- Compute depreciation.
- Account for the given amount of depreciation.
Additional Content
- IAS 1 - Presentation of Financial Statements
- Inventories
- IAS 16 - Property, plant and equipment
