The course covers the nature and purpose of accounting. It also provides the necessary
knowledge with regard to book keeping, preparation of basic financial statements, adjustments to financial
statements, preparation of the cash book, bank reconciliation statement and control accounts, accounting for
property, plant and equipment, correction of accounting errors, accounting for sole proprietorships, partnerships
and limited companies and the preparation of the extended trial balance. The course aims at providing the
students with exposure to the nature, purpose and methodology of accounting as well as the use of accounting
information in the business.