SSS1 Accounting

SSS1 Accounting Course Content

Term 1: Fundamentals of Accounting

Lesson 1: Introduction to Accounting

• Bookkeeping vs financial accounting
• Importance of accounting

Lesson 2: History and Users of Accounting

• Accounting information users (internal/external)
• Characteristics of accounting information

Lesson 3: Accounting Process Cycle

• Recording transactions → Journals → Ledger → Trial balance → Financial statements

Lesson 4: Career Opportunities

• Professional bodies and ethics

Term 2: Recording Transactions

Lesson 5: Double Entry System

• Source documents and subsidiary books

Lesson 6-7: Journals

• Sales, purchases, returns (inwards/outwards)
• Practical exercises

Lesson 8-12: Cash Books

• Single, double, three-column cash books
• Discounts and petty cash (imprest system)

Lesson 13-14: Posting to Ledgers

• From subsidiary books to general ledger

Term 3: Financial Reporting

Lesson 15-16: Trial Balance & Concepts

• Extraction rules
• Accounting concepts/conventions

Lesson 17-18: Final Accounts

• Trading, profit & loss accounts
• Balance sheet preparation

Lesson 19-20: Adjustments

• Provisions, reserves, accruals/prepayments

Lesson 21-26: Fixed Assets

• Depreciation methods (straight-line, reducing balance)
• Asset disposal accounting

Lesson 27-30: Special Topics

• Bank reconciliation
• Departmental accounts
• Year-end adjustments