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This course provides an in-depth exploration of accreditation and its role in identifying quality institutions. Students will learn how accreditation works, the criteria for evaluating institutions, and the importance of accreditation in higher education. By the end of the course, students will be able to distinguish between accredited and non-accredited institutions and understand the benefits of attending an accredited institution.
This course provides an in-depth exploration of accreditation and its role in identifying quality institutions. Students will learn how accreditation works, the criteria for evaluating institutions, and the importance of accreditation in higher education. By the end of the course, students will be able to distinguish between accredited and non-accredited institutions and understand the benefits of attending an accredited institution.
This course will cover the concept of end of period adjustments in accounting, including accruals, prepayments, and estimating unpaid expenses. Students will learn how to properly adjust financial statements to reflect the true financial position of a company at the end of a reporting period. Emphasis will be placed on understanding the importance of these adjustments in accurately representing a company's financial performance.
Explain why adjustments are made to financial statements
Prepare journal entries for pre-payments and advanced revenues
Prepare journal entries for accrued expenses and revenues
Determine the amount of expenses or revenues to be transferred to the Profit and Loss Account/Income Statement
Indicate where accruals and prepayments will appear on the Balance Sheet
Distinguish between bad and doubtful debts
Prepare journal entries and ledger accounts to write off bad debts and create provision for doubtful debts
Explain the nature of depreciation
Calculate annual depreciation expenses using the straight-line method and the reducing balance method
Prepare journal entries and ledger accounts for provision for depreciation
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