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Financial accounting notes pdf

January 6, 2022January 8, 2022newsspot.co.ke team

Financial accounting notes pdf

Financial accounting notes outline and the notes in pdf highlighted here. Financial accounting unit is examinable by Kenya national examination council KNEC and is mainly taught in various courses highlighted below;

Certificate in supply chain management
Certificate in business management
Diploma in supplies management
Diploma in business management
Diploma in maritime transport management
Diploma in co-operative management
Diploma in project management
Diploma in road transport management

FINANCIAL ACCOUNTING UNIT: Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements.

FINANCIAL ACCOUNTING TOPICS COVERED

Introduction to accounting
Accounting concepts conventions and bases
Source documents
Cost accounting
Costing techniques
Management accounting
Ratio analysis
Budgeting analysis

Introduction to accounting

This topic trainees will learn;

Definition of Accounting
Objectives & Scope
Accounting Process
Accounting Concepts
Accounting Conventions
Classification of Accounts
System of Accounting
Rules of Double Entry Accounting System

Accounting concepts conventions and bases

This topic trainees will learn; The most important concepts of accounting and are as follows:

Business Entity Concept
Money Measurement Concept
Going Concern Concept
Cost Concept
Dual Aspects Concept
Accounting Period Concept
Matching Concept
Accrual Concept
Objective Evidence Concept

Source documents

This topic trainees will learn;

Cash Book
Triple Column Cash Book
Petty Cash Book
Purchase Book
Sale Book, Purchase Return Book
Sale Return Book
Bills Receivables Book
Bills Payable Book
Key Features of Subsidiary Books
Bank Reconciliation
Trial Balance
Financial Statements
Owner’s Equity
Current Assets
Current Liabilities
Depreciation

Cost accounting

This topic trainees will learn;

Definition of Cost Accounting
Concepts of Cost
Advantages of Cost Accounting
Cost Accounting versus Financial Accounting
Classification of Cost
Elements of Cost
Cost Control and Cost Reduction
Tools and Techniques of Cost Reduction

Costing techniques

This topic trainees will learn;

Marginal Costing
Standard Costing
Variance Analysis
Cost-Volume-Profit Analysis
Break-Even Chart

Management accounting

This topic trainees will learn;

Definition
Characteristics of Management Accounting
Objectives of Management Accounting
Management Accounting versus Cost Accounting
Cash Flow

Ratio analysis

This topic trainees will learn;

Accounting Ratio
Accounting Analysis
Ratio Analysis and its Applications
Advantages of Ratio Analysis
Limitations of Ratio Analysis
Types of Ratio
Chart of Useful Ratio
Working Capital

Budgeting analysis

This topic trainees will learn;

Definition
Budget, Budgeting, and Budgetary Control
Types of Budgets
Flexible Budget v/s Fixed Budget
Flexible Budget
Cash Budget..

FINANCIAL ACCOUNTING KNEC PAST PAPERS

FINANCIAL ACCOUNTING NOTES(PDF) For short simplified and comprehensive notes examined by KNEC contact your business department or financial accounting lecturer.

FREE KNEC PAST PAPERS PDF FORMAT:

COURSE NOTES

newsspot.co.ke team

We are a group of graduates from Kenya school of TVET which is tasked with Training of Technical Trainers to teach in secondary schools and tertiary institutions, Implementation of various syllabi under TVET Programs in collaboration with stakeholders. Development of relevant syllabi for technical training in collaboration with stakeholders.

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