2013

INTRODUCTION TO
CO- OPERATIVE
ACCOUNTING

M O SE S O CH I E N
G G W E YI
T H E CO -
O P E R AT I VE
U N I VER SI T
Y CO L L E G E
Statement of Unit Aims and Objectives
After studying this Unit you should be able to:
1. Explain the major provisions of co-operative Societies Act Relating to Co-
operative 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 the Objectives 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

18. Outline the Objectives of Member Transactions System
19. Identify the various co-operative activities using the MT-System
20. Demonstrate produce recording and payment calculation procedure
21. Demonstrate produce recording process under MT Sacco
22. Definition of a Loose Leaf Ledger
23. Explain the advantages of Loose Leaf Ledger system
24. Explain the disadvantages of Loose Leaf Ledger system
25. Demonstrate the working of Loose Leaf Ledger system
26. Identify the major registers used in co-operative organisation
27. Expalin the features and functions of registers used in co-operative organisation

pO
Providing Qual ity Co-ope rative Account ing Page 2
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