This course is designed to develop knowledge and understanding of the underlying principles and concepts relating to maintaining financial records and technical proficiency in the use of double-entry accounting techniques including the preparation of final accounts for unincorporated entities. Topics includes: general accepted accounting principles and concepts, recording inventory, tangible non-current assets and depreciation, Accruals and prepayments, correction of errors, reconciliation, extended trial balance and partnership. This course is equivalent to ACCA FA2. On the completion of this course, students can take the examination with the Association of Chartered Certified Accountants (ACCA) (Prerequisite ACC100)