The accounting technicians scheme west africa Council, in order to actualize its desire and ensure the success of students at the examinations of the Accounting Technicians Scheme West Africa , put in place a Harmonisation Committee, to among other things, facilitate the production of Study Texts for students. Hitherto, the major obstacle faced by students was the dearth of study texts which they needed to prepare for the examinations. AIM OF THE STUDY TEXT In view of the above, the quest for good study materials for the subjects of the examinations and the commitment of the Accounting technicians scheme west africa Council to bridge the gap in technical accounting training in West Africa led to the production of this Study Text. The Study Text assumes a minimum prior knowledge and every chapter reappraises basic methods and ideas in line with the syllabus.