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This paper is intended to introduce the candidate to the overall purpose of accounting, applicable regulations, the accounting treatment and presentation of basic transactions, and the preparation and analysis of financial statements.
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What Will You Learn?
- Books of original entry and basic ledger accounts under the double-entry system
- Basic financial statements of sole traders, partnerships, companies, manufacturing entities, and not for profit organizations
- The regulatory framework in the accounting field
- Analysis of financial statements by use of ratios and statement of cash flows
- Basic understanding of public sector accounting framework