ICAN Financial Accounting

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ICAN Financial Accounting

Exhaustive syllabus coverage for ICAN Foundation Paper A2: Financial Accounting. Double-entry bookkeeping, trial balance adjustments, IFRS asset accounting, manufacturing accounts, partnerships, and limited liability financial statements.

Instructor
created_by PAMCET Learning Team
4.7
(3)
beginner1 weekEnglish

Course Overview

Exhaustive syllabus coverage for ICAN Foundation Paper A2: Financial Accounting. Double-entry bookkeeping, trial balance adjustments, IFRS asset accounting, manufacturing accounts, partnerships, and limited liability financial statements. Curriculum Structure & Core Modules: •...

What You'll Learn

  • Master the double-entry bookkeeping system and the accounting equation
  • Record transactions accurately in books of prime entry and general ledgers
  • Prepare and balance trial balances, identifying and correcting errors via suspense accounts
  • Calculate and account for depreciation using straight-line and reducing-balance methods
  • Prepare comprehensive bank reconciliation statements and adjust cash book balances

Requirements

  • Fundamental knowledge of arithmetic and basic bookkeeping principles
  • Enrolled as an ICAN student or preparing for Foundation Level examinations
  • Access to a standard financial calculator and writing materials for practice

Earn Your Certificate

Showcase your skills with a certificate! Complete the course, submit your project, and earn your certificate. Here's a sample of what you'll receive to show off your accomplishments.

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Course Curriculum

Open-access academic curriculum. All foundational lectures available to read free.

6 Chapters
24 Lecture
0s
1. The Conceptual Framework for Financial Reporting & Accounting Principles

ICAN FOUNDATION • PAPER A2 • MODULE 1 • THE ACCOUNTING FRAMEWORK & DOUBLE-ENTRY MECHANICS The Conceptual Framework for Financial Reporting & Accounting Principles Financial accounting is the specialized branch of accounting responsible for the systematic recording, measurement, summarization, and reporting of economic transactions to external users, including shareholders, financial...

2. The Accounting Equation, Source Documents & Books of Prime Entry

ICAN FOUNDATION • PAPER A2 • MODULE 1 • THE ACCOUNTING FRAMEWORK & DOUBLE-ENTRY MECHANICS The Accounting Equation, Source Documents & Books of Prime Entry The accounting information system captures economic data through a formal document hierarchy: starting with Source Documents, progressing through Books of Prime Entry (Subsidiary Books / Special Journals), and culminating in posti...

3. Double-Entry Bookkeeping & General Ledger Posting

ICAN FOUNDATION • PAPER A2 • MODULE 1 • THE ACCOUNTING FRAMEWORK & DOUBLE-ENTRY MECHANICS Double-Entry Bookkeeping & General Ledger Posting The double-entry bookkeeping system, codified mathematically by Fra Luca Pacioli in 1494, represents the definitive structural methodology for recording corporate financial transactions. Module: The Accounting Framework & Double-Entry Mechanics...

4. Trial Balance Extraction, Errors and Suspense Accounts

ICAN FOUNDATION • PAPER A2 • MODULE 1 • THE ACCOUNTING FRAMEWORK & DOUBLE-ENTRY MECHANICS Trial Balance Extraction, Errors and Suspense Accounts When the extracted Trial Balance fails to agree—meaning total debit balances do not equal total credit balances—an arithmetical or posting error exists in the accounting records. Module: The Accounting Framework & Double-Entry Mechanics Pap...

5. The Accounting Framework & Double-Entry Mechanics Review Quiz

Instructor

PAMCET Learning Team

PAMCET Learning Team

Institutional Course Curation · PAMCET

The PAMCET Learning Team is the institutional curriculum and content group behind course publishing on this platform. PAMCET (Professional and Academic Management Centre for Education and Training) is operated by Digitpen Hub Ltd, a company registered in Lagos, Nigeria. Courses credited to the PAMCET Learning Team are structured, organized, and published centrally by the platform rather than authored by a single named individual instructor — each course's syllabus, learning outcomes, and content are reviewed before publication under this institutional account. For questions about a specific course or to report a content issue, please use the platform's Help & Support or Contact Us pages.

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PAMCET Learning Team — Institutional Course Curation, Digitpen Hub Ltd

My Skills:

  • Curriculum Curation
  • Course Content Review
  • Learning Outcome Design
  • Course Publishing & Quality Assurance
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ICAN Financial Accounting
Free$7.5100% Off
Certificate available separately for $30 after completion

Course Includes

6 Chapters
24 Lectures
1 week
Skill Level beginner
Taught in English
Lifetime Access
Certification of Completion
Category: ICAN Foundation Level
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