Accounting for Business syllabus

Accounting for Business

• 1 Business Accounting (3 LHs)

  • Concept, objectives and importance of business accounting
  • Partnership
  • Types of partnership
  • Partnership agreement
• 2 Accounting for Consignments (6 LHs)

  • Concept, Difference between consignment and sales
  • Consignment goods sent at invoice price
  • Consignment goods taken over by consignee
• 3 Accounting for Joint Ventures (5 LHs)

  • Concept
  • Features and advantage of joint venture
  • Methods of accounting
• 4 Accounting for Branch (5 LHs)

  • Concept and types of branch
  • Dependent branch, Independent branch
  • Accounting treatment of some important adjustments
  • Inter branch transactions
• 5 Accounting for Department of Activity (5 LHs)

  • Concept, objectives and types of department
  • Department trading and profit and loss account
  • Allocation of expenses
  • Difference between branch and department
  • Inter – department transfer
• 6 Accounting for Packages or Containers (6 LHs)

  • Concept, objectives and importance terms of container
  • Calculation of missing terms of container
  • Accounting for types of container
• 7 Accounting for Professional Men (5 LHs)

  • Concept and techniques in general
  • Accounting treatment
• 8 Accounting for Royalties (3 LHs)

  • Concept
  • Importance and modern terms
  • Accounting treatment with and without maintaining minimum rent account
• 9 Accounting for Hire Purchase System (5 LHs)

  • Concept and objectives of hire purchase system
  • Calculation of interest, cash price and installment (using analytical table)
  • Accounting treatment as per actual cash price method
• 10 Accounting for Installment System (5 LHs)

  • Concept and features of installment system
  • Difference between hire purchase and installment system
  • Calculation of interest, cash price and installment (using analytical table)
  • Accounting treatment with opening interest suspense account