OUTLINE OF BASIC ACCOUNTANCY COURSE FOR CTA STAFF ENTRANCE TEST


November 8, 2012 3:55 pm

1 General Information

  • CTA overall Structure

  • CTA Overall Financial Management

  • Inflow of Fund

  • Out flows of Fund

  • Budgetary Control System.

II. An Accountant’s Role:

  • Importance of an Accountant in CTA Offices

  • Duties and Responsibilities of Accountant

  • Qualities of an Accountant

III. What an Accountant should know?

  • Accounting Principles:

  • Definition of Accounting.

  • Classes of Accounts.

  • Rules of Debit and Credit.

  • Some Accounting Terms.

  • Accounting Concepts.

  • Accounting Conventions.

IV. Records an Accountant should maintain: ( Manual/Computer )

  • Account Books:

  • Journal Book

  • Cash Book ( With /Without Bank Column )

  • General Ledger

  • Sub- ledger

  • Other Relevant Registers

  • Sales Register

  • Purchase Register

  • Fixed Assets Register

  • Stock Register

  • Fixed Deposits Register

  • Others, depending on Unit’s volume of Transactions.

  • Telephone Register

  • Vehicle Log Book

  • Gate ways of records:

  • Receipt Book

  • Sales Book

  • Payment Voucher

  • Contra Voucher

  • Journal Voucher

  • Debit/Credit Note

  • Other Important Records:

  • Bye-law/Memorandum

  • CTA Staff Rules & Regulations

  • Other Relevant Rules.

V. Recording in the books of Original Entries:

  • Journal Book

  • Cash Book ( Without Bank Column)

  • Cash Book ( With Bank Column )

VI. Ledger Posting:

  • General Ledger

  • Sub-Ledgers

VII. Summarizing of Account in:

  • Receipts and Payments Account

  • Trial Balances

VIII. Financial Statements:

  • Trading and Profit and Loss Account

  • Income and Expenditure Account

  • Balance Sheet

  • Schedules and Lists

IX. Others:

  • Budgetary Control Statement

  • Bank and Other Reconciliation Statements

  • Physical Verification:

  • Cash in Hand

  • Stocks in Hand

  • FDR and Securities Receipts

  • Balance Confirmation Certificates

  • Internal Control System.

  • depreciation

  • Closing Stock Valuation

  • Adjustment /Rectification Entry

 X. Some Prevailing Laws an Accountant Should Know:

  • Under CTA Rules:

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Note; For further details go through any relevant book on accountancy.

Prepared by: Office of the Auditor General