Childhood is the most beautiful stage of life ,where an innocent childhood immediately comes to mind .It’s the stage of play,fun and joy.
At this stage, children don’t bear any responsibility or burden,they just play and have fun. In addition children ,at this stage, are characterised with spontaneity and don’t think or flatter any one.
_The Childhood is a Stage which starts from the birth until maturity .At this stage ,the child learn to speak and walk in addition to other things. At the end of this stage, the child will reach to maturity. Maturity various from one person to another , there are some children who reach maturity at twelve ,but others reach maturity at thirteen .These are considered individual differences between people .Also, at maturity stage, a person will be ready to face life and community and she/he has already grown up physically, it ‘s also known as adolescence stage.
*** At adolescence stage, the person will have learned and acquired numerous skills and qualities from the childhood stage and she/he will have trained how to deal with surrounding individuals and classmates at school. Also, most of these characteristics and skills she/he has gained during the childhood stage. So that, Childhood stage is considered very important stage ,because the person learn and acquire many skills that she/he will deal with all her/his life.
The axes of this course are:
🔷Introduction to Accounting
What is accounting?
Purpose
Types of FS
Financial vs Management accounts
Accounting Concepts & Principles
Accrual concepts
🔷Preparation of FS
Assets, Liabilities, Income, Expense & Equity
Accounting Equation
Preparation of a Simple Income statement, Balance Sheet & Cash flow statement
🔷The Accounting world
The Dual effect
Debit vs Credits
Trial Balance
Identifying Errors and Correcting them
Understanding and knowing each category
🔷Financial Statement Analysis
Ratios :
Profitability
Efficiency
Solvency
Working Capital
Reviewing an Insurance company FS
🔷Costs Management
Nature of Costs – Fixed, Variable, Semi Variable
Break Even point
Identifying Insurance company Cost structure