Outline of the course

1. Fundamental accounting concepts. Generally Accepted Accounting Principles. Theoretical Framework.
2. Types of entities
3. Basic financial statements (Balance Sheet and Income Statement)
4. The concept of account and it’s distinctions
5. Basic accounting books – Accounting Cycle.
6. Accounting procedures during the fiscal year
7. Accounting procedures at the end of the fiscal year
8. Accounting treatment of errors
9. Exercises giving emphasis in the stages of Accounting Cycle.