Course Content
TOPIC 1: INTRODUCTION
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Lesson 1: Introduction to Accounting
21:04
Lesson 2: Forms of Business Entities
12:09
Lesson 3: The Accountant’s Role and Ethics
17:56
End of Topic Quiz
ASSIGNMENT: INTRODUCTION TO ACCOUNTING AND FORMS OF BUSINESS ENTITIES
TOPIC 2: INTRODUCTION TO FINANCIAL REPORTING FRAMEWORK
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Lesson 4: Understanding the Conceptual Framework for Financial Reporting
18:13
Lesson 5: Elements and Qualitative Characteristics of Financial Statements
19:12
Lesson 6: Understanding the Purpose and Scope of IFRSs
06:28
Lesson 7: The IASB and the IFRS Standard-Setting Process
05:43
Lesson 8: Accounting Concepts/Principles
23:47
Lesson 9: The Companies Act and Financial Reporting Regulations
26:59
End of Topic Quiz
TOPIC 3: PRINCIPLES OF DOUBLE ENTRY AND ACCOUNTING SYSTEMS
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Lesson 8: The Accounting Equation and Double Entry System
04:57
Lesson 9: Preparation of Books of Account
11:12
Lesson 10: Cashbook and Bank Reconciliation
17:02
Lesson 11: Trial Balance and Error Correction
07:35
End of Topic Quiz
TOPIC 4: ADJUSTMENTS TO FINANCIAL STATEMENTS
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Lesson 12: Accruals and Prepayments
11:48
Lesson 13: Depreciation of Non-Current Assets
37:00
Lesson 14: Bad Debts and Provisions for Doubtful Debts
05:37
Lesson 15: Discounts and Their Treatment
16:03
End of Topic Quiz
TOPIC 5: INVENTORIES
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Lesson 16: Inventory Valuation and IAS 2
10:40
Lesson 17: Inventory Accounting and Disclosure
12:28
TOPIC 6: CORRECTION OF ERRORS AND SUSPENSE ACCOUNTS
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Lesson 18: Types of Accounting Errors
28:00
Lesson 19: The Suspense Account and Error Corrections
36:20
TOPIC 7: PREPARATION OF FINANCIAL STATEMENTS
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Lesson 20: Financial Statements for Sole Traders and Service Entities
18:30
Lesson 21: Manufacturing Accounts
11:03
Lesson 22: Financial Statements for Non-Profit Organizations
39:26
>>> Google Meet Clinics
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Fundamental Accounting Principles Online Discussion
>>> Past Course Work Papers
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Fundamental Accounting Principles
01:00:00
ACC1201 Fundamental Accounting Principles
About Lesson

Accounting relies on ethics, standards, and regulations to ensure transparency and trust. Accountants must act with integrity, follow IFRS/GAAP, and maintain accurate financial records. Independent auditors verify reports, while the double-entry system keeps accounts balanced.

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