Course outline for Basic Accounting, covering each of the mentioned topics along with sub-topics:

1. Business Transactions and Documents:

   • Definition of Business Transactions: Understanding the nature of financial transactions.
   • Source Documents: Types of documents (invoices, receipts, purchase orders) that serve as evidence for transactions.
   • Recording Transactions: How to record transactions accurately.
   • Transaction Analysis: Analyzing the impact of transactions on financial statements.

2. Double Entry Bookkeeping:

   • Principles of Double Entry: Understanding the dual aspect of transactions.
   • T-Accounts: Creating T-accounts for different accounts (assets, liabilities, equity, revenue, expenses).
   • Journal Entries: Recording transactions using debits and credits.
   • Ledger Posting: Transferring journal entries to the general ledger.
   • Trial Balance: Preparing and balancing the trial balance.

3. Banking and Petty Cash:

   • Bank Reconciliation: Reconciling bank statements with company records.
   • Petty Cash Fund: Managing small cash amounts for minor expenses.
   • Recording Petty Cash Transactions: Properly accounting for petty cash expenditures.

4. Accounting Standards, Principles, and Policies:

   • GAAP (Generally Accepted Accounting Principles): Understanding the standard rules and methods for financial reporting.
   • IFRS (International Financial Reporting Standards): Recognizing the global accounting standards.
   • Consistency and Comparability: Ensuring uniformity in financial reporting.
   • Materiality and Disclosure: Disclosing relevant information to users.

5. Control Accounts, Reconciliations, and Errors:

   • Control Accounts: Managing summary accounts (e.g., accounts receivable, accounts payable).
   • Reconciliation: Balancing accounts and identifying discrepancies.
   • Error Correction: Detecting and rectifying accounting errors.

6. Adjustment to the Trial Balance:

   • Accruals and Deferrals: Adjusting entries for revenues and expenses.
   • Depreciation and Amortization: Allocating costs over time.
   • Bad Debts and Provisions: Accounting for doubtful debts.
   • Closing Entries: Closing temporary accounts at the end of an accounting period.