Sample Notes: Types of Business Entity

Sample Notes: Costing Applications

Sample Quizzes For Preparation: Types of Business Entity

Sample Quizzes For Preparation: Costing Applications

Schedule For Live Classes

Zoom Details

Course Breakup

Types Of Business Entity: The Different Types Of Business Entity

Types Of Business Entity: The Advantages And Disadvantages Of These Types Of Business Entity

Types Of Business Entity: Sources Of Finance And Methods Of Funding For These Types Of Business Entity

The Accounting System: The Principles Of The Double Entry System To Record Business Transactions

The Accounting System: The Accounting Equation

The Accounting System: The Role Of Books Of Prime Entry In The Recording Of Business Transactions

The Accounting System: Preparation Of Ledger Accounts

The Accounting System: The Purpose Of A Trial Balance

The Accounting System: The Advantages And Disadvantages Of Maintaining Full Accounting Records

The Accounting System: The Accounting Concepts Underpinning The Preparation Of Accounts

The Accounting System: The Use Of Computerised Accounting Systems In Recording Financial Transactions

The Accounting System: The Advantages And Disadvantages Of Introducing A Computerised Accounting System

The Accounting System: The Ways In Which The Security Of Data Can Be Ensured Within A Computerised Accounting System

Capital And Revenue Income And Expenditure: The Difference Between The Treatment Of Capital And Revenue Income And Capital And Revenue Expenditure

Capital And Revenue Income And Expenditure: The Effect On Profit/Loss And Asset Value Of The Incorrect Treatment Of Capital And Revenue Expenditure

Changing Asset Values: Factors That Cause The Value Of Non-Current Assets To Depreciate

Changing Asset Values: The Purpose Of Accounting For Depreciation Of Non-Current Assets And The Associated Application Of Relevant Accounting Concepts

Changing Asset Values: How To Calculate Depreciation Using The Reducing Balance And Straight-Line Methods

Changing Asset Values: The Most Appropriate Method Of Calculating Depreciation

Changing Asset Values: How To Measure The Value Of Non-Current Assets By The Cost Model Or The Revaluation Model

Changing Asset Values: How To Prepare Ledger Accounts And Journal Entries

Changing Asset Values: How To Calculate Profit Or Loss On Disposal Of A Non-Current Asset

Changing Asset Values: How To Record The Effect Of A Charge For Depreciation In The Statement Of Profit Or Loss And Statement Of Financial Position

Reconciliation And Verification: The Need To Reconcile And Verify Ledger Accounts Using Documentation From Internal And External Sources

Reconciliation And Verification: The Benefits And Limitations Of Reconciliation And Verification Procedures

Trial Balance: Errors Which Affect The Trial Balance

Trial Balance: Errors Which Do Not Affect The Trial Balance

Trial Balance: How To Prepare Ledger Accounts And Journal Entries To Correct Errors Using A Suspense Account

Trial Balance: The Effect On The Financial Statements Of The Correction Of Errors

Trial Balance: The Benefits And Limitations Of A Trial Balance

Bank Reconciliation Statements: Updating Of Cash Books

Bank Reconciliation Statements: How To Prepare Bank Reconciliation Statements

Bank Reconciliation Statements: The Benefits And Limitations Of Preparing A Bank Reconciliation Statement

Control Accounts: Entries In Control Accounts

Control Accounts: Sales Ledger Control Accounts And Purchases Ledger Control Accounts

Control Accounts: Reconciliation Statements Between Control Account Balances And Ledger Balances

Control Accounts: The Effects On Financial Statements Of The Correction Of Errors

Control Accounts: The Benefits And Limitations Of Control Accounts

Adjustments To Draft Financial Statements: How To Calculate And Record The Adjustments Needed And The Effect On Financial Statements

Sole Traders: How To Prepare A Statement Of Profit Or Loss And Statement Of Financial Position For A Sole Trader From Full Or Incomplete Accounting Records (Trading Or Service Business)

Partnerships: How To Prepare A Statement Of Profit Or Loss, Appropriation Account And Statement Of Financial Position For A Partnership From Full Or Incomplete Accounting Records

Partnerships: Why Partners May Maintain Separate Capital Accounts And Current Accounts

Partnerships: How To Prepare Partners’ Capital And Current Accounts

Partnerships: The Contents Of A Partnership Agreement

Partnerships: The Advantages And Disadvantages To Partners Of Maintaining A Partnership Agreement

Partnerships: The Provisions Of The Partnership Act 1890 In Respect Of Partners’ Salaries, Division Of Profit Or Loss, Interest On Partners’ Loans, Interest On Capital And Interest On Drawings

Limited Companies: The Features And Accounting Treatment Of Ordinary Shares, Bonus Issues, Rights Issues, Debentures, Dividends And Reserves

Limited Companies: The Advantages And Disadvantages To The Company And To The Shareholders Of A Company Making A Bonus Issue Of Shares And A Rights Issue Of Shares

Limited Companies: The Advantages And Disadvantages To The Company And To The Shareholders Of A Company Issuing Shares And Issuing Debentures

Limited Companies: The Distinction Between Capital Reserves (Share Premium And Revaluation Reserve) And Revenue Reserves (Retained Earnings And General Reserve)

Limited Companies: How To Prepare Ledger Accounts To Record

Limited Companies: How To Prepare A Statement Of Profit Or Loss, Statement Of Financial Position And Statement Of Changes In Equity For A Limited Company (Trading Or Service Business)

Limited Companies: Sources Of Finance For Specified Purposes

Users Of Accounting Information: The Differing Requirements For Information Of Stakeholders

Users Of Accounting Information: How To Communicate And Analyse The Information Required By These Different Stakeholders

Calculation And Evaluation Of Ratios: How To Calculate Key Accounting Ratios To Measure Profitability, Liquidity And Efficiency

Calculation And Evaluation Of Ratios: How To Evaluate The Profitability, Liquidity And Efficiency Of An Organisation By Interpreting Ratios

Calculation And Evaluation Of Ratios: Possible Measures To Improve The Profitability, Liquidity And Efficiency Of An Organisation

Calculation And Evaluation Of Ratios: The Limitations Of Accounting Information

Materials And Labour: Accounting For Material And Labour Costs

Materials And Labour: How To Identify And Calculate Fixed Costs, Variable Costs, Semi-Variable Costs And Stepped Costs

Materials And Labour: How To Identify And Calculate The Elements Of Direct And Indirect Costs

Materials And Labour: How To Calculate The Value Of Closing Inventory Using The First In First Out (FIFO) And Weighted Average Cost (AVCO) Methods (Perpetual And Periodic)

Materials And Labour: The Principles Of Just In Time (JIT) Management Of Inventory

Costing Applications: How To Apply Traditional Costing Methods To Prepare Costing Statements Using Unit, Job And Batch Costing Principles In Both Manufacturing And Service Businesses

Absorption Costing: The Difference Between A Cost Centre And A Cost Unit

Absorption Costing: How To Allocate And Apportion Overhead Expenditure Between Production And Service Departments

Absorption Costing: How To Calculate Overhead Absorption Rates Using An Appropriate Basis

Absorption Costing: The Causes And The Calculation Of Under Absorption And Over Absorption Of Overheads

Absorption Costing: How To Prepare Costing And Profit Statements Using Absorption Costing

Absorption Costing: The Uses And Limitations Of Absorption Costing

Absorption Costing: The Usefulness Of Absorption Cost Data As A Support For Management Decision-Making

Absorption Costing: Non-Financial Factors And Their Significance

Marginal Costing: How To Calculate The Contribution Of A Product

Marginal Costing: How To Interpret A Break-Even Chart (Note: Candidates Will Not Be Asked To Prepare A Break-Even Chart)

Marginal Costing: How To Calculate The Break-Even Point, Contribution To Sales Ratio, Level Of Output Or Sales To Achieve A Target Profit, And Margin Of Safety

Marginal Costing: The Use And Limitations Of Break-Even Analysis

Marginal Costing: How To Prepare Costing And Profit Statements Using Marginal Costing

Marginal Costing: How To Prepare A Statement Reconciling The Reported Profits Using Marginal Costing And Absorption Costing

Marginal Costing: The Uses And Limitations Of Marginal Costing

Marginal Costing: The Usefulness Of Marginal Costing Data As A Support For Management Decision-Making (Including Make-Or-Buy, Special Orders, Closure Of Business Unit, Limiting Factors, Target Profit)

Marginal Costing: Non-Financial Factors And Their Significance

Cost–Volume–Profit Analysis: The Advantages And Limitations Of Cost–Volume–Profit Analysis

Cost–Volume–Profit Analysis: The Usefulness Of Cost–Volume–Profit Data As A Support For Management Decision-Making

Cost–Volume–Profit Analysis: How To Apply Costing Concepts To Make Business Decisions And Recommendations Using Supporting Data

Cost–Volume–Profit Analysis: Non-Financial Factors And Their Significance

Types of Business Entity

The Accounting System

Capital And Revenue Income And Expenditure

Changing Asset Values

Reconciliation And Verification

Trial Balance

Bank Reconciliation Statements

Control Accounts

Adjustments To Draft Financial Statements

Partnerships

Limited Companies

Users of Accounting Information

Calculation And Evaluation of Ratios

Materials and Labour

Costing Applications

Absorption Costing

Marginal Costing

Cost-Volume-Profit Analysis

Types of Business Entity

The Accounting System

Capital And Revenue Income And Expenditure

Changing Asset Values

Reconciliation And Verification

Trial Balance

Bank Reconciliation Statements

Control Accounts

Adjustments To Draft Financial Statements

Partnerships

Limited Companies

Users of Accounting Information

Calculation And Evaluation of Ratios

Materials and Labour

Costing Applications

Absorption Costing

Marginal Costing

Cost-Volume-Profit Analysis

Types Of Business Entity: The Different Types Of Business Entity

Types Of Business Entity: The Advantages And Disadvantages Of These Types Of Business Entity

Types Of Business Entity: Sources Of Finance And Methods Of Funding For These Types Of Business Entity

The Accounting System: The Principles Of The Double Entry System To Record Business Transactions

The Accounting System: The Accounting Equation

The Accounting System: The Role Of Books Of Prime Entry In The Recording Of Business Transactions

The Accounting System: Preparation Of Ledger Accounts

The Accounting System: The Purpose Of A Trial Balance

The Accounting System: The Purpose Of A Trial Balance

The Accounting System: The Accounting Concepts Underpinning The Preparation Of Accounts

The Accounting System: The Use Of Computerised Accounting Systems In Recording Financial Transactions

The Accounting System: The Advantages And Disadvantages Of Introducing A Computerised Accounting System

The Accounting System: The Ways In Which The Security Of Data Can Be Ensured Within A Computerised Accounting System

Capital And Revenue Income And Expenditure: The Difference Between The Treatment Of Capital And Revenue Income And Capital And Revenue Expenditure

Capital And Revenue Income And Expenditure: The Effect On Profit/Loss And Asset Value Of The Incorrect Treatment Of Capital And Revenue Expenditure

Changing Asset Values: Factors That Cause The Value Of Non-Current Assets To Depreciate

Changing Asset Values: The Purpose Of Accounting For Depreciation Of Non-Current Assets And The Associated Application Of Relevant Accounting Concepts

Changing Asset Values: How To Calculate Depreciation Using The Reducing Balance And Straight-Line Methods

Changing Asset Values: The Most Appropriate Method Of Calculating Depreciation

Changing Asset Values: How To Measure The Value Of Non-Current Assets By The Cost Model Or The Revaluation Model

Changing Asset Values: How To Prepare Ledger Accounts And Journal Entries

Changing Asset Values: How To Calculate Profit Or Loss On Disposal Of A Non-Current Asset

Changing Asset Values: How To Record The Effect Of A Charge For Depreciation In The Statement Of Profit Or Loss And Statement Of Financial Position

Reconciliation And Verification: The Need To Reconcile And Verify Ledger Accounts Using Documentation From Internal And External Sources

Reconciliation And Verification: The Benefits And Limitations Of Reconciliation And Verification Procedures

Trial Balance: Errors Which Affect The Trial Balance

Trial Balance: Errors Which Do Not Affect The Trial Balance

Trial Balance: How To Prepare Ledger Accounts And Journal Entries To Correct Errors Using A Suspense Account

Trial Balance: The Effect On The Financial Statements Of The Correction Of Errors

Trial Balance: The Benefits And Limitations Of A Trial Balance

Bank Reconciliation Statements: Updating Of Cash Books

Bank Reconciliation Statements: How To Prepare Bank Reconciliation Statements

Bank Reconciliation Statements: The Benefits And Limitations Of Preparing A Bank Reconciliation Statement

Control Accounts: Entries In Control Accounts

Control Accounts: Sales Ledger Control Accounts And Purchases Ledger Control Accounts

Control Accounts: Reconciliation Statements Between Control Account Balances And Ledger Balances

Control Accounts: The Effects On Financial Statements Of The Correction Of Errors

Control Accounts: The Benefits And Limitations Of Control Accounts

Adjustments To Draft Financial Statements: How To Calculate And Record The Adjustments Needed And The Effect On Financial Statements

Sole Traders: How To Prepare A Statement Of Profit Or Loss And Statement Of Financial Position For A Sole Trader From Full Or Incomplete Accounting Records (Trading Or Service Business)

Partnerships: How To Prepare A Statement Of Profit Or Loss, Appropriation Account And Statement Of Financial Position For A Partnership From Full Or Incomplete Accounting Records

Partnerships: Why Partners May Maintain Separate Capital Accounts And Current Accounts

Partnerships: How To Prepare Partners’ Capital And Current Accounts

Partnerships: The Contents Of A Partnership Agreement

Partnerships: The Advantages And Disadvantages To Partners Of Maintaining A Partnership Agreement

Partnerships: The Provisions Of The Partnership Act 1890 In Respect Of Partners’ Salaries, Division Of Profit Or Loss, Interest On Partners’ Loans, Interest On Capital And Interest On Drawings

Limited Companies: The Features And Accounting Treatment Of Ordinary Shares, Bonus Issues, Rights Issues, Debentures, Dividends And Reserves

Limited Companies: The Advantages And Disadvantages To The Company And To The Shareholders Of A Company Making A Bonus Issue Of Shares And A Rights Issue Of Shares

Limited Companies: The Advantages And Disadvantages To The Company And To The Shareholders Of A Company Issuing Shares And Issuing Debentures

Limited Companies: The Distinction Between Capital Reserves (Share Premium And Revaluation Reserve) And Revenue Reserves (Retained Earnings And General Reserve)

Limited Companies: How To Prepare Ledger Accounts To Record

Limited Companies: How To Prepare A Statement Of Profit Or Loss, Statement Of Financial Position And Statement Of Changes In Equity For A Limited Company (Trading Or Service Business)

Limited Companies: Sources Of Finance For Specified Purposes

Users Of Accounting Information: The Differing Requirements For Information Of Stakeholders

Users Of Accounting Information: How To Communicate And Analyse The Information Required By These Different Stakeholders

Calculation And Evaluation Of Ratios: How To Calculate Key Accounting Ratios To Measure Profitability, Liquidity And Efficiency

Calculation And Evaluation Of Ratios: How To Evaluate The Profitability, Liquidity And Efficiency Of An Organisation By Interpreting Ratios

Calculation And Evaluation Of Ratios: Possible Measures To Improve The Profitability, Liquidity And Efficiency Of An Organisation

Calculation And Evaluation Of Ratios: The Limitations Of Accounting Information

Materials And Labour: Accounting For Material And Labour Costs

Materials And Labour: How To Identify And Calculate Fixed Costs, Variable Costs, Semi-Variable Costs And Stepped Costs

Materials And Labour: How To Identify And Calculate The Elements Of Direct And Indirect Costs

Materials And Labour: How To Calculate The Value Of Closing Inventory Using The First In First Out (FIFO) And Weighted Average Cost (AVCO) Methods (Perpetual And Periodic)

Materials And Labour: The Principles Of Just In Time (JIT) Management Of Inventory

Costing Applications: How To Apply Traditional Costing Methods To Prepare Costing Statements Using Unit, Job And Batch Costing Principles In Both Manufacturing And Service Businesses

Absorption Costing: The Difference Between A Cost Centre And A Cost Unit

Absorption Costing: How To Allocate And Apportion Overhead Expenditure Between Production And Service Departments

Absorption Costing: How To Calculate Overhead Absorption Rates Using An Appropriate Basis

Absorption Costing: The Causes And The Calculation Of Under Absorption And Over Absorption Of Overheads

Absorption Costing: How To Prepare Costing And Profit Statements Using Absorption Costing

Absorption Costing: The Uses And Limitations Of Absorption Costing

Absorption Costing: The Usefulness Of Absorption Cost Data As A Support For Management Decision-Making

Absorption Costing: Non-Financial Factors And Their Significance

Marginal Costing: How To Calculate The Contribution Of A Product

Marginal Costing: How To Interpret A Break-Even Chart (Note: Candidates Will Not Be Asked To Prepare A Break-Even Chart)

Marginal Costing: How To Calculate The Break-Even Point, Contribution To Sales Ratio, Level Of Output Or Sales To Achieve A Target Profit, And Margin Of Safety

Marginal Costing: The Use And Limitations Of Break-Even Analysis

Marginal Costing: How To Prepare Costing And Profit Statements Using Marginal Costing

Marginal Costing: How To Prepare A Statement Reconciling The Reported Profits Using Marginal Costing And Absorption Costing

Marginal Costing: The Uses And Limitations Of Marginal Costing

Marginal Costing: The Usefulness Of Marginal Costing Data As A Support For Management Decision-Making (Including Make-Or-Buy, Special Orders, Closure Of Business Unit, Limiting Factors, Target Profit)

Marginal Costing: Non-Financial Factors And Their Significance

Cost–Volume–Profit Analysis: The Advantages And Limitations Of Cost–Volume–Profit Analysis

Cost–Volume–Profit Analysis: The Usefulness Of Cost–Volume–Profit Data As A Support For Management Decision-Making

Cost–Volume–Profit Analysis: How To Apply Costing Concepts To Make Business Decisions And Recommendations Using Supporting Data

Cost–Volume–Profit Analysis: Non-Financial Factors And Their Significance

Types of Business Entity

The Accounting System

Capital And Revenue Income And Expenditure

Changing Asset Values

Reconciliation And Verification

Trial Balance

Bank Reconciliation Statements

Control Accounts

Adjustments To Draft Financial Statements

Partnerships

Limited Companies

Users of Accounting Information

Calculation And Evaluation of Ratios

Materials and Labour

Costing Applications

Absorption Costing

Marginal Costing

Cost-Volume-Profit Analysis

Types of Business Entity

The Accounting System

Capital And Revenue Income And Expenditure

Changing Asset Values

Reconciliation And Verification

Trial Balance

Bank Reconciliation Statements

Control Accounts

Adjustments To Draft Financial Statements

Sole Trader

Partnerships

Limited Companies

Users of Accounting Information

Calculation And Evaluation of Ratios

Materials and Labour

Costing Applications

Absorption Costing

Marginal Costing

Cost-Volume-Profit Analysis

Types of Business Entity

The Accounting System

Capital And Revenue Income And Expenditure

Changing Asset Values

Reconciliation And Verification

Trial Balance

Bank Reconciliation Statements

Control Accounts

Adjustments To Draft Financial Statements

Sole Traders

Partnerships

Limited Companies

Users of Accounting Information

Calculation And Evaluation of Ratios

Materials and Labour

Costing Applications

Absorption Costing

Marginal Costing

Cost-Volume-Profit Analysis

Types of Business Entity

The Accounting System

Capital And Revenue Income And Expenditure

Changing Asset Values

Reconciliation And Verification

Trial Balance

Bank Reconciliation Statements

Control Accounts

Adjustments To Draft Financial Statements

Sole Trader

Partnerships

Limited Companies

Users of Accounting Information

Calculation And Evaluation of Ratios

Materials and Labour

Costing Applications

Absorption Costing

Marginal Costing

Cost-Volume-Profit Analysis

Quizzes For Preparation: Types of Business Entity

Quizzes For Preparation: The Accounting System

Quizzes For Preparation: Capital And Revenue Income And Expenditure

Quizzes For Preparation: Changing Asset Values

Quizzes For Preparation: Reconciliation And Verification

Quizzes For Preparation: Trial Balance

Quizzes For Preparation: Bank Reconciliation Statements

Quizzes For Preparation: Control Accounts

Quizzes For Preparation: Adjustments To Draft Financial Statements

Quizzes For Preparation: Sole Trader

Quizzes For Preparation: Partnerships

Quizzes For Preparation: Limited Companies

Quizzes For Preparation: Users of Accounting Information

Quizzes For Preparation: Calculation And Evaluation of Ratios

Quizzes For Preparation: Materials and Labour

Quizzes For Preparation: Costing Applications

Quizzes For Preparation: Absorption Costing

Quizzes For Preparation: Marginal Costing

Quizzes For Preparation: Cost-Volume-Profit Analysis