1.1) Definition of accounting
1.2) Functions of financial statements
1.3) Main user groups of financial statements
1.4) Accounting cycle
1.5) Various forms of business entities

2.1) Fundamental qualitative characteristics
2.2) -Relevance
2.3) -Faithful representation
2.4) Enhancing qualitative characteristics
2.5) -Comparability
2.6) -Verifiability
2.7) -Timeliness
2.8) -Understandability
2.9) Other accounting assumptions and concepts
2.10) -Going concern
2.11) -Historical cost
2.12) -Entity
2.13) -Money measurement

3.1) Statement of financial position format and its elements
3.2) Basic accounting equation
3.3) Effects of transactions on the basic accounting equation
3.4) Expanded accounting equation
3.5) Effects of transactions on the expanded accounting equation

4.1) Double entry rules
4.2) Ledger entries
4.3) Balancing off ledger accounts
4.4) Pre-adjusted trial balance
4.5) Pre-adjusted financial statements

5.1) Introduction to source documents
5.2) Types of journals
5.3) Types of ledgers
5.4) Recording process from source documents to journals and posting to ledgers

6.1) Adjustments of accruals and prepayments
6.2) Bad debts and bad debts recovered
6.3) Doubtful debts and allowance for doubtful debts
6.4) Capital expenditure and revenue expenditure
6.5) Depreciation of non-current assets
6.6) Post-adjusted financial statements
6.7) Application of financial accounting

7.1) Use of banking facilities for safe keeping of cash (bank account)
7.2) Update Cash Book
7.3) Reconciling the bank account with the bank statement

8.1) Objectives of financial statements analysis
8.2) Types of financial ratios analysis
8.3) Preparation and interpretation of financial ratios
8.4) Limitations of financial ratio analysis

A1 : Accounting is the process of recording, classifying and summarising financial transactions to provide helpful information in making business decisions. Accounting also includes information about a company’s financial position, performance and cash flow statement.

A2 : The financial statements are the three primary reports that summarise a company’s financial position, results of operations, and cash flows. The accounting statements are the Statement of Financial position (balance sheet), Profit and Loss (income statement), and Cash Flow Statement.

A3 : Bookkeeping involves the recording and summarizing of financial transactions and other information related to the business on a day-to-day basis.