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Unit 1 Introduction to according |
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13 | (1) |
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1.1 The fundamentals of accounting |
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14 | (1) |
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1.1.1 Bookkeeping and accounting |
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14 | (2) |
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1.1.2 The accounting equation |
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16 | (2) |
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18 | (4) |
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Unit 2 Sources and recording of data |
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22 | (1) |
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2.1 The double-entry system of bookkeeping |
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23 | (1) |
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2.1.1 The double entry system of bookkeeping - an outline |
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23 | (5) |
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2.1.2 Balancing and closing accounts |
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28 | (3) |
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2.2 Business documents and books of prime entry |
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31 | (1) |
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31 | (1) |
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2.2.2 Books of prime entry |
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32 | (5) |
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37 | (8) |
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Unit 3 Verification of accounting records |
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45 | (1) |
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46 | (1) |
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3.1.1 Uses and limitations of atrial balance; preparing a trial balance |
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46 | (2) |
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3.1.2 Errors not revealed by a trial balance |
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48 | (1) |
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49 | (1) |
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3.2.1 Types of error and their correction |
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49 | (1) |
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3.2.2 The suspense account |
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50 | (1) |
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3.2.3 Correcting financial statements |
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51 | (3) |
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54 | (3) |
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54 | (1) |
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3.3.2 Updating cash books |
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54 | (2) |
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3.3.3 Bank reconciliation statements |
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56 | (1) |
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57 | (19) |
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3.4.1 The role and use of control accounts |
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57 | (3) |
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3.4.2 Control account formats |
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60 | (2) |
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62 | (14) |
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Unit 4 Accounting procedures |
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76 | (1) |
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77 | (1) |
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4.1.1 Capital expenditure and revenue expenditure |
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77 | (1) |
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4.1.2 Capital expenditure and revenue receipts |
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78 | (1) |
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4.1.3 The effect of incorrect treatment of revenue and capital items on profit and asset valuations |
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79 | (1) |
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80 | (1) |
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4.2.1 Depreciation: background |
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80 | (2) |
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4.2.2 Ledger and journal entries to record depreciation |
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82 | (3) |
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4.2.3 The disposal of a non-current asset |
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85 | (2) |
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87 | (8) |
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4.3.1 Expense adjustments |
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87 | (5) |
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92 | (3) |
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4.4 Irrecoverable debts and provision for doubtful debts |
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95 | (5) |
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4.4.1 Irrecoverable debts and recovery of debts written off |
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95 | (1) |
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4.4.2 Recording irrecoverable debts |
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96 | (1) |
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4.4.3 Recording recovery of debts written off |
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97 | (1) |
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4.4.4 Provision for doubtful debts |
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97 | (1) |
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4.4.5 Recording provision for doubtful debts |
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98 | (2) |
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4.5 Valuation of inventory |
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100 | (19) |
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4.5.1 The rule for the valuation of inventory |
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100 | (2) |
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4.5.2 The effects of an incorrect valuation of inventory |
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102 | (1) |
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103 | (16) |
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Unit 5 Preparation of financial statements |
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119 | (1) |
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120 | (1) |
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5.1.1 Sole trader background |
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120 | (3) |
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5.1.2 Statements of financial position |
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123 | (2) |
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5.1.3 Adjustments and the income statement |
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125 | (1) |
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126 | (1) |
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5.2.1 Advantages and disadvantages of forming a partnership |
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126 | (1) |
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5.2.2 Partnership agreements |
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127 | (1) |
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5.2.3 Financial statements |
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128 | (1) |
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5.2.4 Format for partners' ledger accounts and financial statements |
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129 | (3) |
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132 | (5) |
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5.3.1 The background to limited companies |
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132 | (2) |
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5.3.2 The financial statements of a limited company |
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134 | (3) |
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137 | (6) |
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5.4.1 Receipts and payments accounts and income and expenditure accounts |
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137 | (1) |
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5.4.2 Revenue-generating activities |
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138 | (3) |
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5.4.3 Income and expenditure account format |
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141 | (2) |
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5.5 Manufacturing accounts |
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143 | (7) |
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5.5.1 Direct and indirect costs, factory overheads and prime cost |
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143 | (1) |
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5.5.2 Work in progress; calculating cost of production |
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144 | (1) |
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5.5.3 Preparing the annual financial statements of a manufacturing organization |
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145 | (3) |
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5.5.4 Adjustments to financial statements |
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148 | (2) |
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150 | (37) |
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5.6.1 Disadvantages of not keeping a full set of accounting records |
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150 | (2) |
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5.6.2 Preparing income statements and statements of financial position from incomplete information |
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152 | (2) |
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5.6.3 Using ratios to find missing information |
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154 | (2) |
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156 | (31) |
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Unit 6 Analysis and interpretation |
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187 | (1) |
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188 | (1) |
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6.1.1 Importance of ratios and profitability ratios |
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188 | (1) |
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189 | (1) |
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6.2 Interpretation of accounting ratios |
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190 | (1) |
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6.2.1 Comparing results for different years |
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190 | (3) |
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6.2.2 Users of accounting information; limitations of inter-firm comparisons and financial statements |
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193 | (3) |
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196 | (7) |
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Unit 7 Accounting principles, policies and standards |
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203 | (1) |
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7.1 Accounting principles, policies and standards |
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204 | (4) |
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208 | (3) |
| Glossary |
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211 | |
