Course ACC 101 | Introduction to Accounting and Financial Reporting 11 Department of Accounting and Finance | 100 Level | 1st Semester Download PDF
Course Structure Week Content Lecture notes/slides 1. Meaning of Accounting, difference between accounting and book keeping and the roles of accountants in organizations; 2. Historical development of accounting, development of accounting profession in Nigeria and the Financial Reporting Council of Nigeria; 3. Specialized fields in accounting, 4. Characteristics of accounting information and users of accounting information; 5. Accounting concepts and conventions, 6. accounting methods and bases and underlying assumptions in preparing financial statements; 7. Divisions of accounts, 8. capital vs. revenue expenditure and 9. subsidiary books and the ledger accounts. 10. Preparation of cashbook (single, double and three columns); 11. The Accounting Equation and Introduction to double entry system of bookkeeping and accounting and 12. Extracting a trial balance and prepare statements of income and financial position