Download PRC-4 INTRODUCTION TO ACCOUNTING Syllabus

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PRC-4 INTRODUCTION TO ACCOUNTING Syllabus

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PRC-4 INTRODUCTION TO ACCOUNTING Syllabus GRID

Syllabus ReferenceGridHoursWeightage
AAccounting and Book keeping30-3540-60
BFinancial Statements20-2525-35
CDepreciation and Inventories10-1515-25
 Total60-75100

INTRODUCTION TO ACCOUNTING Key Examinable Technical Competencies:

Syllabus Ref.Learning OutcomesProficiency LevelTesting Level
A. Accounting and Book Keeping  
1Describe accounting and book keeping.P1T1
2Discuss elements of financial statements.P1T1
3Account for financial transactions in books of prime entry, factory ledger and general ledger.P1T1
4Compute and account for adjustments for bad debts and doubtful, accrued expenses and prepayment.P1T1
5Prepare trial balance.P1T1
6Prepare bank reconciliation statements and make corrections in books of accounts.P1T1
B. Financial Statements  
1Prepare manufacturing account.P1T2
2Prepare a statement of comprehensive income.P1T2
3Prepare a statement of financial positionP1T2
C. Depreciation and Inventories  
1Calculate cost and net realizable value of inventory.P1T1
2Compute depreciation.P1T1
3Account for the given amount of depreciation.P1T1

PRC-4 INTRODUCTION TO ACCOUNTING Key Examinable Professional Skills

1Evaluate 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

1Apply an inquiring mind when collecting and assessing data and information.
2Apply critical thinking when identifying and evaluating alternatives to determine an appropriate course of action.

PRC-4 INTRODUCTION TO ACCOUNTING Specific Examinable Knowledge Reference

1IAS 1 – Presentation of Financial Statements
2IAS 2 – Inventories
3IAS 16 – Property, plant and equipment

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