MGT101 : Financial Accounting

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Course Info

Course Category

Accounting, Banking & Finance

Course Level


Credit Hours





Mian Ahmad Farhan (ACA)
Chartered Accountant
The Institute of Chartered Accountants of Pakistan

Course Contents

Basics of Financial Accounting Recording Financial Information Double Entry Bookkeeping System - Rules of Debit and Credit Journalizing – Books of Original Entries Main Ledger / General Ledger / Nominal Ledger (Book of secondary entries) and Trial Balance Preparation of Financial Statements Bank Reconciliation Statement Accrual Accounting Provision for Doubtful Debts and Allowable Discounts Accounting For Fixed Assets and Depreciation Rectification of Errors Final Accounts with Adjustments Manufacturing Account Accounting For Inventories Accounting For Partnership Firms Company Financial Statements Statement of Cash Flows