Financial Accounting notes: KNEC diploma

Financial Accounting KNEC Diploma module unit study notes. Click on the topic tile o open pdf notes

Topic 1: Introduction to Accounting

Topic 2: Accounting Concepts, Conventions and Bases

Topic 3: Source Documents

Topic 4: Books of Original Entry

Topic 5: The Ledger and the Trial Balance

Topic 6: Types of Errors and their Correction

Topic 7: Single entry and Incomplete Records

Topic 8: Final Accounts for Sole Proprietorship

Topic 9: Adjustments to Final Accounts

Topic 10: The Cashbook

Topic 11: Petty Cashbook

Topic 12: Bank Reconciliation Statements

Topic 13: Capital and Revenue Expenditure

Topic 14: Control Accounts

Topic 15: Accounting for Fixed Assets

Topic 16: Non-Profit Making Organizations

Topic 17: Emerging Trends and Issues in financial Accounting



At the end of the unit, the trainee should be able to:

• Apply of accounting principles in business bookkeeping
• Record financial information of an organisation
• Detect and correct book keeping errors
• Prepare final accounts for an organisation