On completion of this course, the learner should be able to:

1. Explain the role of accounting and accountants.
2. Describe the financial reporting framework.
3. Explain the qualitative characteristics of financial information.
4. Explain the different forms of business organisations.
5. Record transactions in the books of prime entry and ledgers using double entry bookkeeping.
6. Prepare a trial balance and correct errors in accounting records.
7. Prepare financial statements for business organisations, manufacturing concerns, non-profit making organisations, and partnerships.
8. Reconcile financial transactions.
9. Prepare accounts and financial statements from incomplete records.
10. Understand and apply the general features of financial statements.
11. Apply some international financial reporting standards.
12. Define the different terms used in entrepreneurship.
13. Describe the entrepreneurship culture and structure.
14. Develop the basic skills in operations, finance, purchasing, marketing and human resource management.
15. Explain the challenges facing entrepreneurs and how to overcome them.
16. Describe the ethical responsibilities and challenges of accountants in business.