The Accountancy and Management Academy, TAMA

09/09/2022

TAMA is one of the few vocational institutes or the only one that has quality lecturers that have hands on practical lessons to it's students. Dear, senior 4s, senior 6s and those potential who need to continue with studies and be self sustaining, please visit TAMA for more information. We shifted from Mutanda road at Clement House to former Comprehensive Senior secondary school. The place is so specious with a playground for games. Principal's number 0703443344 or physically come to get more info.

TAMA provides diplomas in various management discplines and related certificates. We also offer training in professional courses like CPA and ACCA

08/09/2022

Hi everybody? We are happy to announce that TAMA operations shifted from Clement House, Mutanda Rd to a more spacious place at former comprehensive SSS, Cyanika Rd on Tarmac road just 100mtrs from Total Petrol Station junction. Remember TAMA offers vocational courses and are exams are from DIT and UBTEB. Just come in and check what we offer.

26/04/2020

Colleagues Stay health and safe during this pandemic period.

10/02/2018

We also admit students who want to do ATD (Accounting Technician Diploma). Requirement s: A level with 1 Principal pass and 5 credits at O level . ATD provides good foundation to do CPA. After qualifying with ATD one is exempted all papers in CPA Level 1 except Q.T. Come and register. Lectures have just started. We are located in Kisoro Mutanda Road just as you are sloping from Mubano.

And we o perate also from Entebbe along Kampala Rd in Katabi Gombolola Headquarters, opposite Total station

09/02/2018

CPA/ACCA Lecturers from Kampala are doing great work here.

09/02/2018

TAMA preparing future Professional Accountants. Thank you. Weekend programs going on well.

21/01/2018

Atlast CPA/ACCA lectures have taken off today 21st Jan 2018, Kisoro Branch. We are located along Mutanda Rd, as one slopes down from Mubano Hotel. We are housed in Clement House. Potential Students esp from Areas of Kisoro District and Kabale are hereby invited to come for registration r for Jun/July 2018 sitting. We have started with weekend and evening programs. For more info. Ring 0703443344 or 0773422927 or 0772595526.

03/12/2017

Love you all. Registration is in progress at both campuses for January 2018 opening; Entebbe and Kisoro.

04/07/2017

Three Golden Rules of Accounting

One of the most famous and commonly used term in the field of accounting and finance is “Three golden rules of accounting”. The phrase itself shows that these rules form the very basis of accounting and act as a cornerstone for all record keeping. They are also called the traditional rules of accounting or the rules of debit and credit.

Type of Account Debit Credit
Personal Account A/C The Receiver The Giver
Real A/C What comes in What goes out
Nominal A/C Expenses and Losses Income and Gains

The application of the above rules is only possible if you can correctly determine the kind of account you are dealing with.

Examples – Three Golden Rules of Accounting (Traditional)

• Purchased Fixed Asset for 10,000 in cash
Accounts Dr/Cr Rule
Fixed Asset a/c 10,000 Fixed Asset is real a/c so Dr what comes in
Cash a/c 10,000 Cash is a real account, so Cr. What goes out

• Paid 15,000 cash to Uchumi Ltd.
Accounts Debit / Credit Rule applicable
Uchumi Ltd 15,000 Uchumi is a personal a/c so Dr. the receiver
Cash 15,000 Cash is a real a/c so Cr. what goes out



• Paid 18,000 from the bank as rent.
Accounts involved Dr/Cr Rule applicable
Rent A/C 18,000 Rent is a nominal a/c so Dr. the expenses
Bank A/C 18,000 Bank is a personal a/c so Cr the giver

Rules of Debit and Credit According to Modern Approach

If you are passing an entry in the journal, you may use the Modern Accounting Approach instead of the usual Traditional Approach.
You should try to use the modern approach at least once to find out which one is easier to understand and apply. It is true that some people find the modern approach easier to apply than the traditional golden rules of accounting.

Type of Account Debit Credit
Asset a/c Increase Decrease
Capital a/c Decrease Increase
Liability a/c Decrease Increase
Revenue a/c Decrease Increase
Expense a/c Increase Decrease
Drawings a/c Increase Decrease

Example – Modern Rules of Accounting
Received cash 3000 as rent from Uchumi Ltd.

Accounts involved Dr/cr Modern rule
Cash a/c 3000 Cash is an asset a/c so Dr. increase
Rental income a/c 3000 Rent is revenue a/c so Cr. increase

23/06/2017

CPA/ACCA lectures for November/December sitting are commencing on 26th July 2017. Start early to gain confidence in the exam room.