Accounting 2

Content of this course:

This course develops on Accounting 1.

Concepts and vocabulary of the provisions and adjustments that accountants regularly make so that the accounts produced present an accurate picture of the business.

1. Adjustments to Sales and Expenses: Participants are introduced to the provisions accountants make whenever accounts are produced
2. Inventories: What are inventories? Why should accountants include them in their accounts? The various systems of inventory valuation are examined here. Also examined are the various accounting methods of recording inventory movements
3. Non-Current Assets and Depreciation: What is depreciation and why do accountants need it? What are the methods of depreciation and how are they applied
4. Trade Receivables and Bad Debts Allowance: The vocabulary of the issues involved in selling on credit is examined