Below is the study plan for Financial Accounting 1 for your perusal.
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WEEK
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TOPIC
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WEEK 1
9/7/18 – 13/7/18
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TOPIC 1: THE
ACCOUNTING BACKGROUND
·
Nature
of Accounting
·
Accounting Concepts
·
The
accounting Equation
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WEEK 2
16/7/18 – 20/7/18
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TOPIC 1: THE
ACCOUNTING BACKGROUND
·
Nature
of Accounting
·
Accounting Concepts
·
The
accounting Equation
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TOPIC 2: BOOK OF ORIGINAL ENTRY
·
Introduction
·
Recording transaction from source documents into journal:
·
General Journal
·
Sales Journal
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WEEK 3
23/7/18 – 27/8/18
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TOPIC 2: BOOK OF ORIGINAL ENTRY – cont’
·
Return Inwards Journal
·
Purchase Journal
·
Return Outwards Journal
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WEEK 4
30/8/18 – 3/8/18
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TOPIC 3: POSTING INTO LEDGERS
·
Introduction
·
Posting
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WEEK 5
6/8/18 –
10/8/18
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TOPIC 4: BALANCING OFF ACCOUNTS
· Determining balance of an account
· Preparation
of a trial balance
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WEEK 6
13/8/18 –
17/8/18
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TOPIC 4: BALANCING OFF ACCOUNTS – Cont’
·
Preparation of a trial
balance
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TOPIC 5: PREPARATION OF FINAL ACCOUNT BEFORE ADJUSTMENT
·
Income Statement
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WEEK 7
17/8/18 – 26/8/17
MID-SEMESTER BREAK
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WEEK 8
27/8/18 –
31/8/18
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TOPIC 5: PREPARATION OF FINAL ACCOUNT BEFORE ADJUSTMENT– Cont’
·
Balance Sheet
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TOPIC 6: BANK
RECONCILIATION
Introduction
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WEEK 9
3/9/18 –
7/9/18
TOPIC 6: BANK
RECONCILIATION – cont’
·
Discrepancies
between the cash book and the bank statement
·
Adjusting
the cash book
·
Differing
opening balances and errors
·
Bank
overdraft
WEEK 10
10/9/18 –
14/9/18
TOPIC 6: BANK
RECONCILIATION – cont’
·
Discrepancies
between the cash book and the bank statement
·
Adjusting
the cash book
·
Differing
opening balances and errors
·
Bank
overdraft
TOPIC 7: BAD
DEBTS AND PROVISIONS FOR
DOUBTFUL DEBTS
·
Introduction
·
Accounting
treatment for Bad debts and Doubtful debts
WEEK 11
17/9/18 –
21/9/18
TOPIC 7: BAD
DEBTS AND PROVISIONS FOR
DOUBTFUL DEBTS – Cont’
·
Bad
debts recovered
TOPIC 8: DOUBLE
ENTRY RECORDS FOR NON - CURRENT ASSETS
ADJUSTMENT
·
Introduction
WEEK 12
24/9/18 –
28/9/18
TOPIC 8: DOUBLE
ENTRY RECORDS FOR NON - CURRENT ASSETS
ADJUSTMENT – cont’
·
Method
of depreciation:
o
Straight-line
method
o
Reducing
balance method
·
The
disposal of a non-current
assets
o
Accounting
treatment for disposal
WEEK 13
1/10/18 –
5/10/18
TOPIC 8: DOUBLE
ENTRY RECORDS FOR NON - CURRENT ASSETS
ADJUSTMENT– Cont’
·
The
disposal of a non-current
assets
o
Accounting
treatment for disposal
TOPIC 9: ADJUSTING
ENTRIES
·
Introduction
·
Adjusting
entries: Accruals and Prepayments
WEEK 14
8/10/18 –
12/10/18
TOPIC 9: ADJUSTING
ENTRIES – cont’
·
Introduction
·
Adjusting
entries: Accruals and Prepayments
TOPIC 10: PREPARATION
OF FINAL ACCOUNT AFTER ADJUSTMENT
·
Income Statement
WEEK 15
15/10/18 – 19/10/18
TOPIC 10: PREPARATION
OF FINAL ACCOUNT AFTER ADJUSTMENT – Cont’
·
Income Statement
WEEK 16
22/10/18 –
23/10/18
TOPIC 10: PREPARATION
OF FINAL ACCOUNT AFTER ADJUSTMENT – Cont’
·
Balance Sheet
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