ACCIII & 121 TOPICS (100 LEVEL TOPICS)

ACC 111 & 121 (YEAR 1) TOPICS

INTRODUCTION TO BOOKKEEPINFG AND ACCOUNTING

1. History of Bookkeeping and Accounting
2. What is Bookkeeping
3. What is Accounting
4. Qualities or Characteristics of Good Accounting Information
5. Movement of Accounting Information

Introduction to Bookkeeping and Accounting

SOURCE DOCUMENTS

1. Source Documents
2. Examples of Source Documents
3. Who Issue the Documents and their Uses

Source Documents

JOURNAL/DAYBOOK/BOOK OF ORIGINAL ENTRY/BOOK OF PRIME ENTRY

1. Meaning of Journal/Subsidiary Book/Daybook
2. Types of Journal or Day Book
3. Format of a Journal or Day Book
4. Meaning and uses of Sales Journal or Day Book
5. Illustration and Solution on Sales Journal or Day Book
6. Meaning of Discount and Types
7. Meaning and Uses of Purchases Journal or Day Book
8. Illustration and Solution on Purchases Journal or Day Book

Journal/Day Book/Book of Original Entry

CLASSIFICATION OF ACCOUNT

1. Classes of Account
2. Personal Account
3. Impersonal Account
4. Real Account
5. Nominal Account

Classification of Account

LEDGER ACCOUNT

1. Classification of Account (Personal & Inpersonal)
2. What is Ledger?
3. Types of Ledger Account
4. Format of a Ledger Account
5. Double Entry Principle
6. Application of Double Entry Principle
7. Identification of Debit and Credit Balances
8. Ledger and Trial Balance
9. Format of a Trial Balance
10. Illustration and Solution on Ledger and Trial Balance

Ledger Account

CASH BOOK

1. Meaning of Cash Book
2. Types of Cash Book
3. Format of a Cash Book
4. Illustration and Solution on Single Column Cash Book
5. Double Column and Three Column Cash Book
6. Illustration and Solution on Double Column Cash Book

Cash Book

TRIAL BALANCE

1. What is a trial balance?
2. Format of a Trial Balance
3. Extraction of Trial Balance from the Ledger
4. Illustration and Solution on Preparation of Ledger and Trial Balance

Trial Balance

CORRECTION OF ERRORS IN A TRIAL BALANCE

1. Errors in a Trial Balance
2. Types of Errors in the Trial Bakance
3. Errors that Affect the Agreement of a Trial Balance
4. Errors that Do Not Affect the Agreement of a Trial Balance

Correction of Errors in a Trial Balance

BANK RECONCILIATION STATEMENT

1. Meaning of Bank Reconciliation Statement
2. Why Does The Cash Book Disagree With The Bank Statement? (Causes)
3. How To Prepare Bank Reconciliation Statement
4. Illustration and Solution on Bank Reconciliation Statement

Bank Reconciliation Statement

MANUFACTURING ACCOUNT

1. Meaning of Manufacturing Account
2. Manufacturing Costs/Expenses
3. Prime Cost
4. Factory Overhead
5. Work-In-Progress
6. Key Terms in Manufacturing Account
6. Illustration and Solution on Manufacturing Account

Manufacturing Account

TRADING PROFIT AND LOSS ACCOUNT OR INCOME STATEMENT

1. Meaning of Trading, Profit and Loss Account Otherwise Known as Income Statement
2. Key Terms in Trading, Protfit or Loss account
3. Illustration and Solution on Trading, Protfit or Loss account

Trading, Profit and Loss Account/Income Statement