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Apex Tax &  Accounting School

Business Accounting 1 Online Course with certificate

Learn the fundamentals of Business accounting 1 relating bookkeeping and preparation of financial statements. Learn at your own pace or join a tutor-support program.

Learning Outcomes

 

  1. Explain the Role of - Business Accounting

  2. Describe the Regulatory and Financial - Reporting Frameworks

  3. Discuss the Ethical Responsibilities and Challenges - of Accountants in Business

  4. Explain the Qualitative Characteristics - of Financial Information

  5. Record Transactions in the Books - of Prime Entry and Ledgers using Double Entry Bookkeeping

  6. Prepare a Trial Balance - from Accounting Records

  7. Correct Errors - in Accounting Records

  8. Prepare Financial Statements for - Business Entities and NON-Profit Making Organisations

  9. Reconcile - Financial Transactions

  10. Prepare Financial Information from - Incomplete Records

  11. Discuss the General Features of - Financial Statements

  12. Prepare - Specialised Accounts

  13. Apply Basic (selected) - International Accounting and Financial Reporting Standards

  14. Interpret - Financial Information

 

Course Overview (Video)

Course Curriculum

 

Unit 1 - Introduction to Accounting

Unit 2 - Regulatory Framework in Uganda

Unit 3 - Qualitative Characteristics

Unit 4 - Source Documents and Books of Prime-entry

Unit 5 - Ledger Accounting

Unit 6 - Double Entry

Unit 7 - Trial Balance Extraction

Unit 8 - Correction of Errors

Unit 9 - Bank reconciliation

Unit 10 - Control Accounts

Unit 11 - Non-Current Assets

Unit 12 - Accruals and Prepayments

Unit 13 - Bad and Doubtful Debts

 

  • Unit1 - Introduction to Financial Accounting

    • Lecture 1. The Accounting Cycle

    • Lecture 2. Business Entity

    • Lecture 3. Branches of Accounting

    • Lecture 4. Users and Stakeholder Needs

    • Lecture 5. Corporate Governance

    • Lecture 6. Elements of Financial Statements

     
    Unit 2 - Regulatory Framework in Uganda

    • Lecture 1. Need of Regulatory Framework

  • Unit 3 - Qualitative Characteristics

    Lecture 1. Underlying Assumption

    Lecture 2. Fundamental Characteristics

    Lecture 3. Enhancing Characteristics

     
    Unit 4 - Source, Documents and Books of Prime Entry

    Lecture 1. Books of Prime Entry

    Lecture 2. Three Column Cash Book

     
    Unit 5 - Ledger Accounting

    Lecture 1. Ledger Accounts

     
    Unit 6 - Double Entry

    Lecture 1. Rules of Double Entry

    Lecture 2. The General Journal

    Lecture 3. Journalizing Transactions

    Lecture 4. Posting to Ledger Accounts

    Lecture 5. Balancing off Accounts

     
    Unit 7 - Trial Balance Extraction

    Lecture 1. Trial Balance Extraction

     
    Unit 8 - Correction of Errors

    Lecture 1. Errors NOT Affecting The Trial Balance

    Lecture 2. Errors Affecting The Trial Balance

    Lecture 3. Correcting Journal Entries Part 1

    Lecture 4. Correcting Journal Entries Part 2

    Lecture 5. The Suspense Account

    Lecture 6. Statement of Corrected Net Profit

     
    Unit 9 - Bank Reconciliation

    Lecture 1. The Bank reconciliation Explained

    Lecture 2. Worked Example

     
    Unit10 - Control Accounts

    Lecture 1. Control Accounts Explained

    Lecture 2. Preparing Control Accounts

     
    Unit 11 - Non - Current Assets

    Lecture 1. Non - Current Assets Explained

    Lecture 2. Preparing Non - Current Assets Account

    Lecture 3. The Accumulated Depreciation Account

    Lecture 4. The Disposal Account

     
    Unit12 - Accruals and Prepayments

    Lecture 1. The Accruals and Prepayments Explained

     
    Unit 13 - Bad and Doubtful Debts

    Lecture 1. Writing off Bad Debts

    Lecture 2. Treatment of Doubtful debts

    Lecture 3. Example 1 - Allowance of Receivables

    Lecture 4. Example 2 - Bad and Doubtful Debts

Course Resources
The study textbook covers progressive notes targeting the entire Business Accounting 1 syllabus including review exercises to test your understanding of the subject.
The Business Accounting 1 Revision Kit complements the study text by providing you with the opportunity to practice exam-style questions that cover the fundamental principles of accounting and bookkeeping. This essential resource is designed to reinforce your understanding of key concepts, enhance your problem-solving skills, and prepare you effectively for your exam
Free Trial
Ush0
Valid for one Week
7-days Limited Access
Live Online
Ush215,000
(≈ $57)
Live Online Lectures
Instructor Led and Interactive
Perfect for participants looking for weekly classes
Lecture Notes & Slides
Class Assignments & Tests
Mock Examinations
Practice Questions with Solution
24/7 Tutor Support
Self Paced
Ush165,000
(≈ $44)
Perfect for participants unable to attend live classes
E-learning at your own Pace
Lecture Videos
Lecture Notes and Slides
Tests & Quizzes
Mock Examinations
Practice Questions with Solution

Pricing Plans

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Frequently Asked Questions

  • The course starts now and never ends!  It is a completely self-paced online course. You decide when you start and when you finish.


    If you pay for a Tutor support plan, you will get to attend weekly live interactive sessions with your Tutor in addition to following your own study plan.

  • How does life-time access sound? After enrolling you have unlimited access to this course for as long as you like across any and all devices you own.

  • We would never want you to be unhappy! If you are unsatisfied, with your purchase, contact us in the first 7 days and we will give you a full refund.

  • You will get a custom certificate signed by your lecturer for every short course and master class. Students undertaking professional courses such as CPA(U), ATD, and CTA will get their certificates and result slips from the ICPAU.

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Target Group

The course has been designed for students undertaking Business Accounting 1 under CTA professional course and has been built around the official CTA syllabus. The course is also designed for students pursuing a foreign accountancy qualifications such as ACCA and students undertaking financial accounting at institutions of higher learning.

CPA Innocent Mugisha is a Professor of Finance and Accounting with over 10 years' experience in teaching Accounting, Finance, Taxation, Auditing and Statistics related courses including hands-on courses on common accounting system such as tally, quickbooks and sunsystems both at University and Professional level. His qualifications are; PhD (candidate), MBA(Finance), CPA(U), FCCA, CIPS, CTA and BCOM (Accounting). Innocent has also published various books on most topics in Accounting and Finance for Business and Professional Studies.

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