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PRC-4 INTRODUCTION TO ACCOUNTING Syllabus GRID
Syllabus Reference
Grid
Hours
Weightage
A
Accounting and Book keeping
30-35
40-60
B
Financial Statements
20-25
25-35
C
Depreciation and Inventories
10-15
15-25
Total
60-75
100
INTRODUCTION TO ACCOUNTING Key Examinable Technical Competencies:
Syllabus Ref.
Learning Outcomes
Proficiency Level
Testing Level
A. Accounting and Book Keeping
1
Describe accounting and book keeping.
P1
T1
2
Discuss elements of financial statements.
P1
T1
3
Account for financial transactions in books of prime entry, factory ledger and general ledger.
P1
T1
4
Compute and account for adjustments for bad debts and doubtful, accrued expenses and prepayment.
P1
T1
5
Prepare trial balance.
P1
T1
6
Prepare bank reconciliation statements and make corrections in books of accounts.
P1
T1
B. Financial Statements
1
Prepare manufacturing account.
P1
T2
2
Prepare a statement of comprehensive income.
P1
T2
3
Prepare a statement of financial position
P1
T2
C. Depreciation and Inventories
1
Calculate cost and net realizable value of inventory.
P1
T1
2
Compute depreciation.
P1
T1
3
Account for the given amount of depreciation.
P1
T1
PRC-4 INTRODUCTION TO ACCOUNTING Key Examinable Professional Skills
1
Evaluate data and information from a variety of sources and perspectives through research, integration, and analysis.
PRC-4 INTRODUCTION TO ACCOUNTING Key Examinable Professional Values, Ethics and Attitude
1
Apply an inquiring mind when collecting and assessing data and information.
2
Apply critical thinking when identifying and evaluating alternatives to determine an appropriate course of action.
PRC-4 INTRODUCTION TO ACCOUNTING Specific Examinable Knowledge Reference
