Introduction to accounting - Fundamentals, bookkeeping, accounting equation. Sources and recording of data - Double-entry bookkeeping, balancing accounts, business documents, books of prime entry. Verification of accounting records - Trial balance, error correction, suspense accounts, bank reconciliation, control accounts. Preparation of financial statements - Sole traders, partnerships, limited companies, clubs and societies, manufacturing accounts, incomplete records. Valuation and adjustments - Provision for doubtful debts, inventory valuation, financial adjustments. Analysis and interpretation - Ratio calculations, liquidity ratios, interpretation of financial data, accounting information usage.