Indicative Content |
Introduction to Accounting
• Role of the accountant
• Nature, scope and purposes of financial accounts
• User groups of accounting information
• Fundamental concepts and conventions of accounting
• Accounting equation
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Books of Original Entry and Double-entry Accounting
• Books of original entry
• Journal
• Petty Cash
• Double entry bookkeeping
• Trial balance
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Income Tax
• Role of the accountant as tax agent
• Distinguish between capital and revenue, income and expenditure;
• System of self-assessment.
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Introduction to Final Accounts
• Income Statement / Trading, Profit and Loss Account and Balance Sheet
• Introduction to final accounts of companies
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Adjustments for Financial Statements
• Bad debts and provision for doubtful debts
• Depreciation of fixed assets
• Accruals and prepayments
• Valuation of stock
• Bank reconciliation statements
• Control accounts
• Correction of errors and suspense accounts
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SETU Carlow Campus reserves the right to alter the nature and timings of assessment
Module Resources
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Recommended Book Resources |
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Wood F. and Sangster A.. (2018), Business Accounting 1, 14th. Pearson, United Kingdom, p.808, [ISBN: 1292208627].
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Mooney, U.. (2003), Accounting Euro edition, Euro. Gill & MacMillan, [ISBN: 978-0-7171-31].
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Supplementary Book Resources |
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ACCA. (2019), ACCA Maintaining Financial Records (FA2) Study Text, 17, Kaplan Publishing, UK, p.391, [ISBN: 9781787403833].
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Jones M.. (2013), Accounting, 3rd. John Wiley & Sons Ltd..
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This module does not have any article/paper resources |
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Other Resources |
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Basis,
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Revenue Commissioners,
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