About this class
After studying this Unit you should be able to:
1. Explain the major provisions of co-operative Societies Act Relating to Cooperative Accounting
2. Define co-operative accounting
3. Explain the usefulness of co-operative accounting to a co-operative society
4. Explain the benefits members drive from a co-operative society with a sound accounting system
5. Discuss the development of co-operative accounting
6. State theObjectives of co-operative accounting
7. Define Standardized Accounting System (SAS)
8. Explain the Objectives of Standardized Accounting System
9. Explain the components of Standardized Accounting System
10. State the advantages of Standardized Accounting System 11.State the disadvantages of Standardized Accounting System
12. Explain what an Accounting Plan is.
13. Explain the Numbering System used in the SAS
14. Explain the activity Numbering System used in the SAS
15. Demonstrate the use of the numbering system used in the SAS
16. Identify the activity numbering system and illustrate its application in practice
17. Explain the meaning of MT- System
