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    Moodle is an open-source Learning Management System (LMS) that provides educators with the tools and features to create and manage online courses. It allows educators to organize course materials, create quizzes and assignments, host discussion forums, and track student progress. Moodle is highly flexible and can be customized to meet the specific needs of different institutions and learning environments.

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    Moodle is widely used in educational institutions, including universities, K-12 schools, and corporate training programs. It is well-suited to online and blended learning environments and distance education programs. Additionally, Moodle's accessibility features make it a popular choice for learners with disabilities, ensuring that courses are inclusive and accessible to all learners.

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    • accoiuntinmg Book

      APPLY FUNDAMENTALS OF ACCOUNTING

      Unit Code: BUS/OS/AC/CR/01/6

      UNIT DESCRIPTION

      This unit outlines the competencies required to apply the fundamentals of accounting. It covers:

      • Understanding accounting principles and policies

      • Applying the double-entry system

      • Classifying capital, liabilities, and assets

      • Correcting accounting errors and preparing suspense accounts

      • Preparing financial statements for sole traders, partnerships, and companies

      ELEMENTS AND PERFORMANCE CRITERIA

      Below are the elements (major competency areas) and their related performance criteria (required performance standards).

      1. Demonstrate Understanding of Accounting Principles and Policies

      Performance Criteria:
      1.1 Establish the nature and purpose of accounting.
      1.2 Identify users of accounting information and their information needs.
      1.3 Determine the qualities of accounting information.
      1.4 Identify accounting concepts/principles.
      1.5 Determine relevant accounting standards.
      1.6 Prepare the accounting equation.

      2. Apply Double Entry Concept

      Performance Criteria:
      2.1 Prepare accounting source documents.
      2.2 Determine the books of original entry.
      2.3 Apply the double-entry system to prepare ledger accounts.
      2.4 Prepare the trial balance and basic financial statements.
      2.5 Apply computerized accounting systems in accordance with accounting guidelines.

      3. Classify Capital, Liabilities and Assets

      Performance Criteria:
      3.1 Determine accrued and prepaid expenses according to accounting principles.
      3.2 Apply accounting for revenue.
      3.3 Determine accounts receivable, bad debts, and allowance for doubtful debts.
      3.4 Manage property, plant and equipment (PPE) accounts.
      3.5 Recognize and value inventory based on cost methods.
      3.6 Account for cash and cash equivalents, including bank reconciliation.
      3.7 Account for accounts payable, including creditors control account.

      4. Correct Accounting Errors and Suspense Account

      Performance Criteria:
      4.1 Determine errors detectible by a trial balance.
      4.2 Identify errors causing the trial balance not to balance.
      4.3 Identify errors that do not affect the balancing of the trial balance.
      4.4 Determine procedures for correcting errors according to organizational objectives.
      4.5 Identify errors corrected using a suspense account.
      4.6 Prepare the suspense account in line with standard operating procedures (SOPs).

      5. Prepare Sole Trader Statement

      Performance Criteria:
      5.1 Establish sources of capital for a sole trader.
      5.2 Draft the income statement for a sole trader for a given accounting period.
      5.3 Prepare the statement of financial position for a sole trader for a given period.

      6. Prepare Partnership Statements

      Performance Criteria:
      6.1 Determine the contents of a partnership agreement following SOPs.
      6.2 Prepare current and capital accounts according to accounting standards.
      6.3 Prepare the income statement according to accounting standards.
      6.4 Prepare the appropriation account (profit/loss distribution).
      6.5 Prepare the statement of financial position according to organizational requirements.

      7. Prepare Company Statements

      Performance Criteria:
      7.1 Identify types of share capital as per the Companies Act.
      7.2 Determine types of reserves as per organizational objectives.
      7.3 Determine the issue of shares based on organizational requirements.
      7.4 Calculate rights issues and bonus issues in accordance with company policies.
      7.5 Identify provisions and reserves.
      7.6 Calculate income tax according to SOPs.
      7.7 Apply appropriate accounting treatment and presentation of company financial statements.

    • accounting fundamentals File DOCX

      visit given tutorials

    • accounting File DOCX