Accounting 2

What Will You Learn?

• Financial Accounting: Understanding the basic principles and concepts of financial accounting, including the preparation, analysis, and interpretation of financial statements such as the balance sheet, income statement, and cash flow statement.
• Managerial Accounting: Exploring how accounting information is used by internal stakeholders (managers, executives) for decision-making, planning, and control within an organization. Topics may include cost behavior, budgeting, variance analysis, and performance measurement.
• Cost Accounting: Learning different costing methods used to track and allocate costs to products, services, or departments within an organization. This includes job costing, process costing, and activity-based costing.
• Auditing: Understanding the principles and practices of auditing, including the role of auditors, audit procedures, internal controls, and the importance of ethical conduct in auditing.
• Taxation: Introduction to basic principles of taxation, including individual and business taxation, tax planning strategies, and compliance with tax laws and regulations.
• Financial Analysis: Learning how to analyze financial statements to assess the financial health and performance of an organization. This may involve ratio analysis, trend analysis, and comparative analysis.
• Accounting Information Systems: Understanding the role of information systems in accounting processes, including the use of accounting software for recording transactions, generating reports, and maintaining internal controls.
• Ethics and Professionalism: Exploring ethical issues and dilemmas that may arise in accounting practice, as well as the professional standards and codes of conduct governing the accounting profession.
• International Accounting Standards: Familiarizing yourself with international accounting standards (such as International Financial Reporting Standards - IFRS) and their implications for financial reporting and regulatory compliance in a global context.
• Practical Applications and Case Studies: Applying accounting principles and techniques to real-world scenarios through case studies, projects, and simulations to develop problem-solving and critical-thinking skills.