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OPEN COURSE

FUNDAMENTALS OF ACCOUNTING

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OBJECTIVES:

To provide knowledge on the practice of accounting in business

To familiarise the students with basic accounting principles.

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SIGNIFICANCE OF THE COURSE

To know the Financial position of a Business.
To Take Wise Decisions Regarding Finance.
Organise and maintain Financial records.
Evaluate Financial operations.
Examine Account books.
Suggest ways to increase revenue, reduce costs and improve profits
Preparing Income Tax Returns.

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CAREER OPPORTUNITIES

GOVERNMENT AND NON PROFIT ACCOUNTING JOBS:

Fund Accountancy
IRS Jobs (Internal Revenue Service)

PUBLIC ACCOUNTING JOBS:

Cost Estimator
Enrolled Agent
Forensic Accountant
Real Estate Appraiser
Tax Accountant
Tax Practitioner

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CAREER OPPORTUNITIES

PRIVATE ACCOUNTING JOBS:�
Accounting Clerk�Accounting Information Specialist�Budget Analyst�Capital Accountant�Cost Accountant�Payroll Accountant�Financial Controller

FINANCIAL SERVICES:

Business valuation specialist
Financial planner
Financial analyst
Tax consultant

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�COMPETENCIES OF THE COURSE:�

1. Understand the basics of Accounting.

2. Distinguish the different concepts and Conventions of Accounting

3. Provide Knowledge on Double Entry System of Book Keeping.

4.Identify the rules of Debit and Credit

5. Understand the preparation of Journal.

6. Distinguish the Posting of journal entries to the Ledger.

7. Preparation of Ledger and its Subdivisions.

8. Recognise the Summary of Accounting Entries.

9. Developing skill for the preparation of External Accounts of Business concerns.

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SYLLABUS

MODULE-1 Accounting meaning ,Objects- Concepts and Conventions-Double Entry Books of Accounts Book keeping and Accounting Accountancy The language of the Business World Principles of double entry Advantages of double entry
MODULE-2 Journal- Rules of debit and credit - Kinds of Accounts Journalising

MODULE-3 Ledger Sub divisions of ledger Account Form of an Account Posting of Journal Balancing of Accounts-Cash book (simple, triple column)-Petty Cash book

MODULE-4 Trial Balance Meaning Objects-Summary of Accounting Entries.

MODULE-5 External Accounts-Trading and Profit and Loss Account Balance Sheet (without adjustments)

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THANK YOU !!!