CHAPTER 4

ACCOUNTING CYCLE

In this chapter, we will learn about the different stages involved in recording financial information. This chapter is divided into the following subsections;

1. The Accounting Cycle
2. Posting
3. Balancing of Accounts
4. Trial Balance
5. Quiz

CHAPTER 5

Cash Management

The lessons in this chapter explain how cash is recorded and bank accounts are reconciled in the books of Accounts ;

1. Modern Cash Management
2. Cash Imprest Account
3. Bank Statements
4. Disagreement between Bank book & Account
5. Bank Reconciliation
6. Quiz

CHAPTER 6

ACCOUNTING for inventories

The following lessons describe how inventory/ stock is managed and accounted for within a business. This chapter is divided into the following subsections;

1. Inventory
2. Inventory Recording Systems
3. Inventory Valuation
   1. FIFO
   2. LIFO
   3. Price Based valuations 
4. Quiz

CHAPTER 7

ACCOUNTING FOR RECEIVABLES

The lessons in this chapter explain how Receivables are managed and recorded in the books of Accounts ;

1. Receivable Management & Control
2. Bad Debt Expense
3. Allowance for Doubtful Debt
4. Quiz

CHAPTER 8

NON-CURRENT ASSETS

In this chapter, we will learn about How the costs, depreciation, and disposal of Non-current Assets are recorded. This chapter is divided into the following subsections;

1. Non-Current Assets
2. Depreciation
3. Recording Depreciation
4. Depreciation-Other Considerations
5. Disposal of Assets
6. Quiz

CHAPTER 9

ACCOUNTING for accruals & prepayments

The 8th chapter explains, what accruals are? & How are accruals accounted for?

This chapter is divided into the following subsections;

1. Accruals
2. Accounting for accruals
3. Deferred Revenues
4. Quiz