Centre of Financial Excellance Lecture Plan TT6 T/No. Ch # Details No.

of Accumulated Lectures Lecture

1 2 1

%age of Completion

Practice

Lecture wise Accumulated Question

1 2 1 Introduction Introduction to Accounting The purpose of financial reporting, Types of business entities, Nature, principles and scope of financial reporting Lecture 2 Users' and stakeholders' needs, The main elements of financial reports (assets, liabilities, capital, income and expense) Lecture 3 Ledger accounts and double entry The accounting equation Lecture 4 Double entry bookkeeping, The journal Lecture 5 Practice - 1 Long Question Lecture 6 Daybook analysis, Imprest system Lecture 7 Why do we need ledger accounts?, The nominal ledger Lecture 8 Practice - 1 Long Question Lecture 9 Receivables and Payables Ledger Lecture 10 MCQs Practice Lecture 11 MCQs Practice Lecture 12 From trial balance to financial statements The trial balance, Practice - 1 Long Question Lecture 13 Income Statement Lecture 14 Statement of Financial Position Lecture 15 Balancing accounts and preparing financial statements, Practice 1 Long Question Lecture 16 MCQs Practice Lecture 17 Sources, Records and Books of Prime Entry The role of source documents Lecture 18 Lecture 19 Lecture 20 Lecture 21 Lecture 22 Sales Tax Lecture 23 Lecture 24 Lecture 25 Lecture 26 The need for books of prime entry, Sales and purchase day books Cash book Petty cash MCQs Practice 4 The nature of sales tax and how it is collected Accounting for Sales Tax (Input Tax) Accounting for Sales Tax (Output Tax) MCQs Practice 23 24 25 26 Page 1 of 5 1 2 1 3

3 9 4 5 6 7 8 9 10 11 12 5 13 14 15 16 17 5 18 19 20 21 22 3 22 4 19 4 15 8 11

Inventory Lecture 27 Lecture 28 Lecture 29 Lecture 30 Lecture 31 Lecture 32

6 Cost of goods sold Accounting for opening and closing inventories, Counting inventories Valuing inventories (LIFO), Practice - 1 Long Question. Valuing inventories (AVCO), Practice - 1 Long Question IAS 2 Inventories MCQs Practice 27 28 29 30 31 32

27

Tangible Non-current Assets Lecture 33 Capital and revenue expenditure Lecture 34 MCQs Practice Lecture 35 Depreciation accounting Depreciation: the mechanics (Straight Line Method), Lecture 36 Practice - Short Questions Depreciation: the mechanics (Reducing Balance Method), Lecture 37 Practice - Short Questions Other concepts (acquisition in middle of year, change in methods, fall in asset value), Practice - Short Questions MCQs Practice Revaluation of non-current assets, Practice - Short Lecture 40 Questions Non-current asset disposals (simple), Practice - Short Lecture 41 Questions Non-current asset disposals (part-exchange), Practice Lecture 42 Short Questions Lecture 43 IAS 16 Lecture 44 The asset register, MCQs Practice Lecture 45 MCQs Practice Intangible non-current assets Intangible non-current assets (IAS 38), Research and Lecture 46 development costs, MCQs Practice Accruals and Prepayments Lecture 47 Concept of accruals and prepayments Lecture 48 Calculation of expense (T-account) Lecture 49 Timeline (4 step approach) Lecture 50 Basic practice Lecture 51 Basic practice Lecture 52 Calculation of income Lecture 53 MCQs Practice Irrecoverable Debts and Allowances Lecture 38 Lecture 39

13 33 34 35 36 37

11

38

38 39 40 41 42 43 44 45 1 46 7 47 48 49 50 51 52 53 5
4 49 6 45 1 39

10

10

11

11

12

Page 2 of 5

12

15

13

16

14

17

15

18

16

19

17

20

Irrecoverable debts (Introduction, Double Entry and Debt subsequently paid) Allowances for receivables Accounting for irrecoverable debts & receiavables Lecture 56 allowance (income statement) Accounting for irrecoverable debts & receiavables Lecture 57 allowance (net debtors) Lecture 58 MCQs Practice Provisions and Contingencies Lecture 59 Provisions and Contingents (IAS 37) Lecture 60 MCQs Practice Control Accounts What are control accounts?, Discounts, The purpose of Lecture 61 control accounts Lecture 62 The operation of control accounts (Debtors) Lecture 63 The operation of control accounts (Creditors) Lecture 64 MCQs Practice Bank reconciliations Lecture 65 Bank statement and cash book (Formats) The bank reconciliation, Worked Examples - Cash Book to Lecture 66 Bank Statement Lecture 67 Worked Examples - Bank Statement to Cash Book Lecture 68 MCQs Practice Lecture 69 MCQs Practice Correction of Errors Lecture 70 Types of error in accounting (Non-affecting) The correction of errors (Non-affecting), 2 Long Questions Lecture 71 Practice Lecture 72 MCQs Practice Lecture 73 Types of error in accounting (Affecting) The correction of errors (Affecting), 2 Long Questions Lecture 74 Practice Lecture 75 MCQs Practice Lecture 76 MCQs Practice Lecture 77 IAS 8 Preparation of financial statements for sole traders Lecture 78 1 Long Question Practice Lecture 79 1 Long Question Practice Lecture 80 MCQs Practice Incomplete Records Incomplete record questions (types), The opening position, Lecture 81 Credit sales and trade account receivables Lecture 54 Lecture 55
Page 3 of 5

54 55 56 57 58 2 59 60 4 61 62 63 64 5 65 66 67 68 69 8 70 71 72 73 74 75 76 77 3 78 79 80 8 81
7 75 3 68 7 65 4 58 3 54 2 51

Lecture 82 Lecture 83 Lecture 84 Lecture 85 Lecture 86 Lecture 87 Lecture 88 Partnerships Lecture 89

Purchases and trade account payables, Establishing cost of sales, Stolen goods or goods destroyed The cash book Accruals and prepayments, Drawings, The business equation Long Question Practice Long Question Practice MCQs Practice MCQs Practice 5

82 83 84 85 86 87 88
4 79

18

21

19

22

20

23

21 22

24 25

Characteristics of Partnerships Preparating partnership accounts I (appropriation, capital Lecture 90 and current accounts) Lecture 91 Preparating partnership accounts II (long question) Preparating partnership accounts III (changes in Lecture 92 partnership and goodwill) Lecture 93 MCQs Practice Introduction to company accounting Lecture 94 Limited liability and accounting records (Introduction) Lecture 95 Share Capital Lecture 96 Reserves Lecture 97 Bonus and rights issues Ledger accounts and limited liability companies, MCQs Lecture 98 Practice Preparation of financial statements for companies Lecture 99 IAS 1 (format and theory) Items in the income statement and statement of comprehensive income, Items in the statement of financial Lecture 100 position, Long Question Practice Lecture 101 Published accounts, Long Question Practice Company accounts for internal purposes, Long Question Lecture 102 Practice Lecture 103 MCQs Practice Lecture 104 IAS 18: Revenue, Practice - Short Questions Events after reporting period Lecture 105 IAS 10 with MCQ Practice Statement of cash flows Lecture 106 IAS 7 Statement of Cash flows (format) Preparing a statement of cash flows, Long Question Lecture 107 Practice Lecture 108 Long Question Practice Lecture 109 MCQs Practice
Page 4 of 5

89 90 91 92 93 5 94 95 96 97 98 6 99
5 88 4 83

100 101 102 103 104 1 105 4 106 107 108 109
3 92 1 89

23

24

25

26

26

The regulatory framework Lecture 110 The regulatory system International Accounting Standards Board (IASB), Overview Lecture 111 of IAS and IFRS Accounting Conventions Lecture 112 IAS 1 (including accounting concepts) Lecture 113 IASB's Framework Criticisms of accounting conventions, Bases of Valuation, Lecture 114 IAS 8 Lecture 115 MCQs Practice Information Technology Lecture 116 Accounting Packages Lecture 117 Accounting Modules, Databases, Practical Experience Lecture 118 MCQs Practice Revisions and Tests Total no of Lectures

2 110 111 4 112 113 114 115 3 116 117 118 10 128

94

97

100

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