ACC812: Maintaining Financial Records / Faculty of Accountancy

The syllabus introduces the context and purpose of maintaining financial records with reference to accounts preparation. It concentrates in depth on the double entry system and on recording, processing, and reporting business transactions, including the specific accounting for non-current assets. It covers the use of the extended trial balance and how to identify and correct errors, including reconciliation of control accounts, and posting period-end adjustments. It also covers the preparation of final accounts for sole traders and partnerships.