Lesson1
21 Sept

Introduction to firms
Value creation
Money

What is a firm
History of firms
History of accounting
Types of firms

Lesson 2
28 Sept

Need for an accounting system

Example of a workshop manufacturing toys
Production of large quantities of information
MIS

Lesson 3
5 Oct

From single-entry accounting to double-entry accounting

Personal accounting
The beginning of double-entry accounting
Money and value, Bill of exchange, Draft, IOU
Cash vs value accounting
Debtors and creditors

Lesson 4
12 Oct

Recording transactions

Transactions
The journal
Accounts
Debits and credits
The ledger
Posting a whole journal

Lesson 5
19 Oct

Trial balance

Balances of accounts
Types of transactions: consumptions vs lasting values
The Trial balance

Lesson 6
26 Oct

Year-end adjutments
Income Statement
Balance Sheet

Adjustments for stocks: from Purchases to COGS
Unrecorded consumptions
- Amortization
- Provisions
Prepayments and accruals
The Income Statement and the Balance Sheet

Lesson 7
2 Nov

Income Statement & Balance Sheet (cont'd)

Direct link between transactions and IS & BS
Interpretation of the BS
Two ways to record purchases and inventories

Lesson 8
9 Nov

General principles
Inventory

General principles of accounting
Stock valuation methods:
Fifo, Lifo, others

Lesson 9
16 Nov

A complete exercise

A complete exercise
Exercises by students

Lesson 10
23 Nov

Accounting over several years

First cycle and following cycles
Accounting over several years

Lesson 11
30 Nov

Ratios

ROCE and other ratios
Liquidity
Value of a firm

Lesson 12
7 Dec

Cash flow statement

Reconciling value movements and cash movements