Cooperative Accounting

1. Explain the fundamental principles of cooperative accounting.
2. Prepare basic financial statements for cooperative societies.
3. Perform bank reconciliation and manage cash flow.
4. Apply accounting techniques for sole proprietorships and partnerships.
5. Analyze manufacturing costs and prepare manufacturing accounts.
6. Maintain control accounts and ensure accuracy in financial records.
7. Reconstruct financial statements from incomplete records.
8. Apply accounting principles for non-profit organizations.

13 weeks, about 56 hours in total. Yours will differ.

1. Week 1Module 1: Introduction

   • Unit 1: Overview of Cooperative Accounting · 2 hours

     Read Unit 1: Overview of Cooperative Accounting, focusing on the concept of cooperatives and their importance.. Define cooperatives and cooperative societies.. Explain the role of accounting in cooperatives and its significance.. Identify and describe the various reports used in cooperative accounting..

   • Unit 2: Overview of Accounting · 2 hours

     Read Unit 2: Overview of Accounting, focusing on the definition of accounting and its role in business.. Explain the accounting cycle and its various stages.. Enumerate and explain the accounting concepts and conventions.. Discuss the purpose and uses of accounting information..

2. Week 2Module 1: Introduction

   • Unit 3: Basic Book-keeping · 2 hours

     Read Unit 3: Basic Book-keeping, focusing on the meaning and objectives of book-keeping.. Discuss the books of account and their importance in recording transactions.. Explain the accounting information generating process.. Describe and apply the principles of the double entry system..

   • Unit 4: The Cash book, Petty Cash Book, and the Imprest System · 2 hours

     Read Unit 4: The Cash book, Petty Cash Book, and the Imprest System, focusing on the nature and uses of the cash book.. Distinguish between the treatments given to various items in the cash book.. Demonstrate the columnar cash books.. Define a petty cash book and the imprest system..

3. Week 3Module 1: Introduction

   • Unit 5: Financial Statements · 3 hours

     Read Unit 5: Financial Statements, focusing on the objectives and structure of financial reports.. Discuss the components and formats of the Trading and Profit and Loss Account and the Balance Sheet.. Distinguish between the capital and revenue items of the financial statements.. Discuss the difference between Accounts receivable and accounts payable..

4. Week 4Module 2: Core Accounting Principles

   • Unit 1: Bank Reconciliation Statements · 3 hours

     Read Unit 1: Bank Reconciliation Statements, focusing on why the bank balance obtained from the cash book differs from the bank statement.. Discuss the need for bank reconciliation statements.. Prepare the bank reconciliation statements to agree with the two balances..

5. Week 5Module 2: Core Accounting Principles

   • Unit 2: Accounts of Sole Proprietorships · 3 hours

     Read Unit 2: Accounts of Sole Proprietorships, focusing on the characteristics of one-man business.. Explain the equity composition of sole proprietorship.. Explain 'drawings' in relation to sole proprietorship.. Discuss the nature of tax in one-man business..

6. Week 6Module 2: Core Accounting Principles

   • Unit 3: Introducing Partnership Accounts · 3 hours

     Read Unit 3: Introducing Partnership Accounts, focusing on distinguishing between companies and partnerships.. Explain the accounting treatments relative to admission of a new partner.. Work out the profit ratio after admission of a new partner.. Discuss goodwill in partnerships..

7. Week 7Module 2: Core Accounting Principles

   • Unit 4: Manufacturing Accounts · 3 hours

     Read Unit 4: Manufacturing Accounts, focusing on the objectives of a manufacturing account.. Discuss the classification of manufacturing costs.. Distinguish between manufacturing costs and nonmanufacturing costs.. Explain the valuation of closing stock relative to manufacturing concerns..

8. Week 8Module 2: Core Accounting Principles

   • Unit 5: Control Accounts · 3 hours

     Read Unit 5: Control Accounts, focusing on the meaning of control accounts.. Discuss how control accounts are written-up.. Explain the advantages of control accounts.. Give accounting treatment to certain items in the control accounts..

9. Week 9Module 3: Advanced Accounting Topics

   • Unit 1: Accounts from Incomplete Records · 3 hours

     Read Unit 1: Accounts from Incomplete Records, focusing on giving meaning to the term 'incomplete records'.. Compute the trading results where no records are kept.. Compute the trading results and net investments in the business where partial records are kept..

10. Week 10Module 3: Advanced Accounting Topics

    • Unit 2: Accounts of Non-Profit Organisations · 3 hours

      Read Unit 2: Accounts of Non-Profit Organisations, focusing on explaining the characteristics of non-profit organisations.. Explain the accounting requirements of clubs and associations.. Prepare receipts and payments accounts.. Prepare income and expenditure accounts..

11. Week 11Module 1: Introduction

    • Unit 1: Overview of Cooperative Accounting · 4 hours

      Review all units from Module 1: Introduction.. Focus on understanding the basic accounting principles and their application in cooperative accounting.. Practice solving problems related to bookkeeping and financial statements..

    • Unit 2: Overview of Accounting · 4 hours

      Review all units from Module 1: Introduction.. Focus on understanding the basic accounting principles and their application in cooperative accounting.. Practice solving problems related to bookkeeping and financial statements..

12. Week 12Module 2: Core Accounting Principles

    • Unit 1: Bank Reconciliation Statements · 4 hours

      Review all units from Module 2: Core Accounting Principles.. Focus on understanding the bank reconciliation, sole proprietorship, partnership, manufacturing and control accounts.. Practice solving problems related to these topics..

    • Unit 2: Accounts of Sole Proprietorships · 4 hours

      Review all units from Module 2: Core Accounting Principles.. Focus on understanding the bank reconciliation, sole proprietorship, partnership, manufacturing and control accounts.. Practice solving problems related to these topics..

13. Week 13Module 3: Advanced Accounting Topics

    • Unit 1: Accounts from Incomplete Records · 4 hours

      Review all units from Module 3: Advanced Accounting Topics.. Focus on understanding the accounts from incomplete records and accounts of non-profit organizations.. Practice solving problems related to these topics..

    • Unit 2: Accounts of Non-Profit Organisations · 4 hours

      Review all units from Module 3: Advanced Accounting Topics.. Focus on understanding the accounts from incomplete records and accounts of non-profit organizations.. Practice solving problems related to these topics..