- 21 Sections
- 445 Lessons
- 32 Weeks
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- Sample ContentSample Notes, Videos, Quizzes, Cheat Sheets, Assignments and Much More For Pre-Purchase Consideration.4
- Course Related InformationImportant Information Related To The Courses, Live Classes, Zoom Links etc.3
- Notes + Written Material For Contents of The SyllabusNotes for Chapters + Written Resources Regarding The Content86
- 3.1Types Of Business Entity: The Different Types Of Business Entity
- 3.2Types Of Business Entity: The Advantages And Disadvantages Of These Types Of Business Entity
- 3.3Types Of Business Entity: Sources Of Finance And Methods Of Funding For These Types Of Business Entity
- 3.4The Accounting System: The Principles Of The Double Entry System To Record Business Transactions
- 3.5The Accounting System: The Accounting Equation
- 3.6The Accounting System: The Role Of Books Of Prime Entry In The Recording Of Business Transactions
- 3.7The Accounting System: Preparation Of Ledger Accounts
- 3.8The Accounting System: The Purpose Of A Trial Balance
- 3.9The Accounting System: The Advantages And Disadvantages Of Maintaining Full Accounting Records
- 3.10The Accounting System: The Accounting Concepts Underpinning The Preparation Of Accounts
- 3.11The Accounting System: The Use Of Computerised Accounting Systems In Recording Financial Transactions
- 3.12The Accounting System: The Advantages And Disadvantages Of Introducing A Computerised Accounting System
- 3.13The Accounting System: The Ways In Which The Security Of Data Can Be Ensured Within A Computerised Accounting System
- 3.14Capital And Revenue Income And Expenditure: The Difference Between The Treatment Of Capital And Revenue Income And Capital And Revenue Expenditure
- 3.15Capital And Revenue Income And Expenditure: The Effect On Profit/Loss And Asset Value Of The Incorrect Treatment Of Capital And Revenue Expenditure
- 3.16Changing Asset Values: Factors That Cause The Value Of Non-Current Assets To Depreciate
- 3.17Changing Asset Values: The Purpose Of Accounting For Depreciation Of Non-Current Assets And The Associated Application Of Relevant Accounting Concepts
- 3.18Changing Asset Values: How To Calculate Depreciation Using The Reducing Balance And Straight-Line Methods
- 3.19Changing Asset Values: The Most Appropriate Method Of Calculating Depreciation
- 3.20Changing Asset Values: How To Measure The Value Of Non-Current Assets By The Cost Model Or The Revaluation Model
- 3.21Changing Asset Values: How To Prepare Ledger Accounts And Journal Entries
- 3.22Changing Asset Values: How To Calculate Profit Or Loss On Disposal Of A Non-Current Asset
- 3.23Changing Asset Values: How To Record The Effect Of A Charge For Depreciation In The Statement Of Profit Or Loss And Statement Of Financial Position
- 3.24Reconciliation And Verification: The Need To Reconcile And Verify Ledger Accounts Using Documentation From Internal And External Sources
- 3.25Reconciliation And Verification: The Benefits And Limitations Of Reconciliation And Verification Procedures
- 3.26Trial Balance: Errors Which Affect The Trial Balance
- 3.27Trial Balance: Errors Which Do Not Affect The Trial Balance
- 3.28Trial Balance: How To Prepare Ledger Accounts And Journal Entries To Correct Errors Using A Suspense Account
- 3.29Trial Balance: The Effect On The Financial Statements Of The Correction Of Errors
- 3.30Trial Balance: The Benefits And Limitations Of A Trial Balance
- 3.31Bank Reconciliation Statements: Updating Of Cash Books
- 3.32Bank Reconciliation Statements: How To Prepare Bank Reconciliation Statements
- 3.33Bank Reconciliation Statements: The Benefits And Limitations Of Preparing A Bank Reconciliation Statement
- 3.34Control Accounts: Entries In Control Accounts
- 3.35Control Accounts: Sales Ledger Control Accounts And Purchases Ledger Control Accounts
- 3.36Control Accounts: Reconciliation Statements Between Control Account Balances And Ledger Balances
- 3.37Control Accounts: The Effects On Financial Statements Of The Correction Of Errors
- 3.38Control Accounts: The Benefits And Limitations Of Control Accounts
- 3.39Adjustments To Draft Financial Statements: How To Calculate And Record The Adjustments Needed And The Effect On Financial Statements
- 3.40Sole 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)
- 3.41Partnerships: 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
- 3.42Partnerships: Why Partners May Maintain Separate Capital Accounts And Current Accounts
- 3.43Partnerships: How To Prepare Partners’ Capital And Current Accounts
- 3.44Partnerships: The Contents Of A Partnership Agreement
- 3.45Partnerships: The Advantages And Disadvantages To Partners Of Maintaining A Partnership Agreement
- 3.46Partnerships: 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
- 3.47Limited Companies: The Features And Accounting Treatment Of Ordinary Shares, Bonus Issues, Rights Issues, Debentures, Dividends And Reserves
- 3.48Limited 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
- 3.49Limited Companies: The Advantages And Disadvantages To The Company And To The Shareholders Of A Company Issuing Shares And Issuing Debentures
- 3.50Limited Companies: The Distinction Between Capital Reserves (Share Premium And Revaluation Reserve) And Revenue Reserves (Retained Earnings And General Reserve)
- 3.51Limited Companies: How To Prepare Ledger Accounts To Record
- 3.52Limited 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)
- 3.53Limited Companies: Sources Of Finance For Specified Purposes
- 3.54Users Of Accounting Information: The Differing Requirements For Information Of Stakeholders
- 3.55Users Of Accounting Information: How To Communicate And Analyse The Information Required By These Different Stakeholders
- 3.56Calculation And Evaluation Of Ratios: How To Calculate Key Accounting Ratios To Measure Profitability, Liquidity And Efficiency
- 3.57Calculation And Evaluation Of Ratios: How To Evaluate The Profitability, Liquidity And Efficiency Of An Organisation By Interpreting Ratios
- 3.58Calculation And Evaluation Of Ratios: Possible Measures To Improve The Profitability, Liquidity And Efficiency Of An Organisation
- 3.59Calculation And Evaluation Of Ratios: The Limitations Of Accounting Information
- 3.60Materials And Labour: Accounting For Material And Labour Costs
- 3.61Materials And Labour: How To Identify And Calculate Fixed Costs, Variable Costs, Semi-Variable Costs And Stepped Costs
- 3.62Materials And Labour: How To Identify And Calculate The Elements Of Direct And Indirect Costs
- 3.63Materials 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)
- 3.64Materials And Labour: The Principles Of Just In Time (JIT) Management Of Inventory
- 3.65Costing Applications: How To Apply Traditional Costing Methods To Prepare Costing Statements Using Unit, Job And Batch Costing Principles In Both Manufacturing And Service Businesses
- 3.66Absorption Costing: The Difference Between A Cost Centre And A Cost Unit
- 3.67Absorption Costing: How To Allocate And Apportion Overhead Expenditure Between Production And Service Departments
- 3.68Absorption Costing: How To Calculate Overhead Absorption Rates Using An Appropriate Basis
- 3.69Absorption Costing: The Causes And The Calculation Of Under Absorption And Over Absorption Of Overheads
- 3.70Absorption Costing: How To Prepare Costing And Profit Statements Using Absorption Costing
- 3.71Absorption Costing: The Uses And Limitations Of Absorption Costing
- 3.72Absorption Costing: The Usefulness Of Absorption Cost Data As A Support For Management Decision-Making
- 3.73Absorption Costing: Non-Financial Factors And Their Significance
- 3.74Marginal Costing: How To Calculate The Contribution Of A Product
- 3.75Marginal Costing: How To Interpret A Break-Even Chart (Note: Candidates Will Not Be Asked To Prepare A Break-Even Chart)
- 3.76Marginal 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
- 3.77Marginal Costing: The Use And Limitations Of Break-Even Analysis
- 3.78Marginal Costing: How To Prepare Costing And Profit Statements Using Marginal Costing
- 3.79Marginal Costing: How To Prepare A Statement Reconciling The Reported Profits Using Marginal Costing And Absorption Costing
- 3.80Marginal Costing: The Uses And Limitations Of Marginal Costing
- 3.81Marginal 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)
- 3.82Marginal Costing: Non-Financial Factors And Their Significance
- 3.83Cost–Volume–Profit Analysis: The Advantages And Limitations Of Cost–Volume–Profit Analysis
- 3.84Cost–Volume–Profit Analysis: The Usefulness Of Cost–Volume–Profit Data As A Support For Management Decision-Making
- 3.85Cost–Volume–Profit Analysis: How To Apply Costing Concepts To Make Business Decisions And Recommendations Using Supporting Data
- 3.86Cost–Volume–Profit Analysis: Non-Financial Factors And Their Significance
- Video Lectures For The ContentVideo Lectures Covering Course Content In Detail18
- 4.1Types of Business Entity
- 4.2The Accounting System
- 4.3Capital And Revenue Income And Expenditure
- 4.4Changing Asset Values
- 4.5Reconciliation And Verification
- 4.6Trial Balance
- 4.7Bank Reconciliation Statements
- 4.8Control Accounts
- 4.9Adjustments To Draft Financial Statements
- 4.10Partnerships
- 4.11Limited Companies
- 4.12Users of Accounting Information
- 4.13Calculation And Evaluation of Ratios
- 4.14Materials and Labour
- 4.15Costing Applications
- 4.16Absorption Costing
- 4.17Marginal Costing
- 4.18Cost-Volume-Profit Analysis
- QuizzesShort Quizzes To Auto-Test Your Knowledge of The Syllabus18
- 5.1Types of Business Entity10 Minutes0 Questions
- 5.2The Accounting System10 Minutes0 Questions
- 5.3Capital And Revenue Income And Expenditure10 Minutes0 Questions
- 5.4Changing Asset Values10 Minutes0 Questions
- 5.5Reconciliation And Verification10 Minutes0 Questions
- 5.6Trial Balance10 Minutes0 Questions
- 5.7Bank Reconciliation Statements10 Minutes0 Questions
- 5.8Control Accounts10 Minutes0 Questions
- 5.9Adjustments To Draft Financial Statements10 Minutes0 Questions
- 5.10Partnerships10 Minutes0 Questions
- 5.11Limited Companies10 Minutes0 Questions
- 5.12Users of Accounting Information10 Minutes0 Questions
- 5.13Calculation And Evaluation of Ratios10 Minutes0 Questions
- 5.14Materials and Labour10 Minutes0 Questions
- 5.15Costing Applications10 Minutes0 Questions
- 5.16Absorption Costing10 Minutes0 Questions
- 5.17Marginal Costing10 Minutes0 Questions
- 5.18Cost-Volume-Profit Analysis10 Minutes0 Questions
- Quizzes For PreparationQuizzes With Detailed Explained Answers And Common Mistakes Discussed In Detail86
- 6.1Types Of Business Entity: The Different Types Of Business Entity
- 6.2Types Of Business Entity: The Advantages And Disadvantages Of These Types Of Business Entity
- 6.3Types Of Business Entity: Sources Of Finance And Methods Of Funding For These Types Of Business Entity
- 6.4The Accounting System: The Principles Of The Double Entry System To Record Business Transactions
- 6.5The Accounting System: The Accounting Equation
- 6.6The Accounting System: The Role Of Books Of Prime Entry In The Recording Of Business Transactions
- 6.7The Accounting System: Preparation Of Ledger Accounts
- 6.8The Accounting System: The Purpose Of A Trial Balance
- 6.9The Accounting System: The Purpose Of A Trial Balance
- 6.10The Accounting System: The Accounting Concepts Underpinning The Preparation Of Accounts
- 6.11The Accounting System: The Use Of Computerised Accounting Systems In Recording Financial Transactions
- 6.12The Accounting System: The Advantages And Disadvantages Of Introducing A Computerised Accounting System
- 6.13The Accounting System: The Ways In Which The Security Of Data Can Be Ensured Within A Computerised Accounting System
- 6.14Capital And Revenue Income And Expenditure: The Difference Between The Treatment Of Capital And Revenue Income And Capital And Revenue Expenditure
- 6.15Capital And Revenue Income And Expenditure: The Effect On Profit/Loss And Asset Value Of The Incorrect Treatment Of Capital And Revenue Expenditure
- 6.16Changing Asset Values: Factors That Cause The Value Of Non-Current Assets To Depreciate
- 6.17Changing Asset Values: The Purpose Of Accounting For Depreciation Of Non-Current Assets And The Associated Application Of Relevant Accounting Concepts
- 6.18Changing Asset Values: How To Calculate Depreciation Using The Reducing Balance And Straight-Line Methods
- 6.19Changing Asset Values: The Most Appropriate Method Of Calculating Depreciation
- 6.20Changing Asset Values: How To Measure The Value Of Non-Current Assets By The Cost Model Or The Revaluation Model
- 6.21Changing Asset Values: How To Prepare Ledger Accounts And Journal Entries
- 6.22Changing Asset Values: How To Calculate Profit Or Loss On Disposal Of A Non-Current Asset
- 6.23Changing Asset Values: How To Record The Effect Of A Charge For Depreciation In The Statement Of Profit Or Loss And Statement Of Financial Position
- 6.24Reconciliation And Verification: The Need To Reconcile And Verify Ledger Accounts Using Documentation From Internal And External Sources
- 6.25Reconciliation And Verification: The Benefits And Limitations Of Reconciliation And Verification Procedures
- 6.26Trial Balance: Errors Which Affect The Trial Balance
- 6.27Trial Balance: Errors Which Do Not Affect The Trial Balance
- 6.28Trial Balance: How To Prepare Ledger Accounts And Journal Entries To Correct Errors Using A Suspense Account
- 6.29Trial Balance: The Effect On The Financial Statements Of The Correction Of Errors
- 6.30Trial Balance: The Benefits And Limitations Of A Trial Balance
- 6.31Bank Reconciliation Statements: Updating Of Cash Books
- 6.32Bank Reconciliation Statements: How To Prepare Bank Reconciliation Statements
- 6.33Bank Reconciliation Statements: The Benefits And Limitations Of Preparing A Bank Reconciliation Statement
- 6.34Control Accounts: Entries In Control Accounts
- 6.35Control Accounts: Sales Ledger Control Accounts And Purchases Ledger Control Accounts
- 6.36Control Accounts: Reconciliation Statements Between Control Account Balances And Ledger Balances
- 6.37Control Accounts: The Effects On Financial Statements Of The Correction Of Errors
- 6.38Control Accounts: The Benefits And Limitations Of Control Accounts
- 6.39Adjustments To Draft Financial Statements: How To Calculate And Record The Adjustments Needed And The Effect On Financial Statements
- 6.40Sole 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)
- 6.41Partnerships: 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
- 6.42Partnerships: Why Partners May Maintain Separate Capital Accounts And Current Accounts
- 6.43Partnerships: How To Prepare Partners’ Capital And Current Accounts
- 6.44Partnerships: The Contents Of A Partnership Agreement
- 6.45Partnerships: The Advantages And Disadvantages To Partners Of Maintaining A Partnership Agreement
- 6.46Partnerships: 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
- 6.47Limited Companies: The Features And Accounting Treatment Of Ordinary Shares, Bonus Issues, Rights Issues, Debentures, Dividends And Reserves
- 6.48Limited 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
- 6.49Limited Companies: The Advantages And Disadvantages To The Company And To The Shareholders Of A Company Issuing Shares And Issuing Debentures
- 6.50Limited Companies: The Distinction Between Capital Reserves (Share Premium And Revaluation Reserve) And Revenue Reserves (Retained Earnings And General Reserve)
- 6.51Limited Companies: How To Prepare Ledger Accounts To Record
- 6.52Limited 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)
- 6.53Limited Companies: Sources Of Finance For Specified Purposes
- 6.54Users Of Accounting Information: The Differing Requirements For Information Of Stakeholders
- 6.55Users Of Accounting Information: How To Communicate And Analyse The Information Required By These Different Stakeholders
- 6.56Calculation And Evaluation Of Ratios: How To Calculate Key Accounting Ratios To Measure Profitability, Liquidity And Efficiency
- 6.57Calculation And Evaluation Of Ratios: How To Evaluate The Profitability, Liquidity And Efficiency Of An Organisation By Interpreting Ratios
- 6.58Calculation And Evaluation Of Ratios: Possible Measures To Improve The Profitability, Liquidity And Efficiency Of An Organisation
- 6.59Calculation And Evaluation Of Ratios: The Limitations Of Accounting Information
- 6.60Materials And Labour: Accounting For Material And Labour Costs
- 6.61Materials And Labour: How To Identify And Calculate Fixed Costs, Variable Costs, Semi-Variable Costs And Stepped Costs
- 6.62Materials And Labour: How To Identify And Calculate The Elements Of Direct And Indirect Costs
- 6.63Materials 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)
- 6.64Materials And Labour: The Principles Of Just In Time (JIT) Management Of Inventory
- 6.65Costing Applications: How To Apply Traditional Costing Methods To Prepare Costing Statements Using Unit, Job And Batch Costing Principles In Both Manufacturing And Service Businesses
- 6.66Absorption Costing: The Difference Between A Cost Centre And A Cost Unit
- 6.67Absorption Costing: How To Allocate And Apportion Overhead Expenditure Between Production And Service Departments
- 6.68Absorption Costing: How To Calculate Overhead Absorption Rates Using An Appropriate Basis
- 6.69Absorption Costing: The Causes And The Calculation Of Under Absorption And Over Absorption Of Overheads
- 6.70Absorption Costing: How To Prepare Costing And Profit Statements Using Absorption Costing
- 6.71Absorption Costing: The Uses And Limitations Of Absorption Costing
- 6.72Absorption Costing: The Usefulness Of Absorption Cost Data As A Support For Management Decision-Making
- 6.73Absorption Costing: Non-Financial Factors And Their Significance
- 6.74Marginal Costing: How To Calculate The Contribution Of A Product
- 6.75Marginal Costing: How To Interpret A Break-Even Chart (Note: Candidates Will Not Be Asked To Prepare A Break-Even Chart)
- 6.76Marginal 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
- 6.77Marginal Costing: The Use And Limitations Of Break-Even Analysis
- 6.78Marginal Costing: How To Prepare Costing And Profit Statements Using Marginal Costing
- 6.79Marginal Costing: How To Prepare A Statement Reconciling The Reported Profits Using Marginal Costing And Absorption Costing
- 6.80Marginal Costing: The Uses And Limitations Of Marginal Costing
- 6.81Marginal 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)
- 6.82Marginal Costing: Non-Financial Factors And Their Significance
- 6.83Cost–Volume–Profit Analysis: The Advantages And Limitations Of Cost–Volume–Profit Analysis
- 6.84Cost–Volume–Profit Analysis: The Usefulness Of Cost–Volume–Profit Data As A Support For Management Decision-Making
- 6.85Cost–Volume–Profit Analysis: How To Apply Costing Concepts To Make Business Decisions And Recommendations Using Supporting Data
- 6.86Cost–Volume–Profit Analysis: Non-Financial Factors And Their Significance
- AssignmentsDetailed Assignments For Syllabus Preparation (Including Past Paper Questions)18
- 7.1Types of Business Entity3 Days
- 7.2The Accounting System3 Days
- 7.3Capital And Revenue Income And Expenditure3 Days
- 7.4Changing Asset Values3 Days
- 7.5Reconciliation And Verification3 Days
- 7.6Trial Balance3 Days
- 7.7Bank Reconciliation Statements3 Days
- 7.8Control Accounts3 Days
- 7.9Adjustments To Draft Financial Statements3 Days
- 7.10Partnerships3 Days
- 7.11Limited Companies3 Days
- 7.12Users of Accounting Information3 Days
- 7.13Calculation And Evaluation of Ratios3 Days
- 7.14Materials and Labour3 Days
- 7.15Costing Applications3 Days
- 7.16Absorption Costing3 Days
- 7.17Marginal Costing3 Days
- 7.18Cost-Volume-Profit Analysis3 Days
- Paper Pattern/ Paper Preparation/ Techniques To Attempt The Paper/ Common Mistakes To AvoidDetailed Information Including Written + Video Material Regarding Paper Attempt / Preparation/ Techniques/ Common Mistakes To Avoid0
- Solved Past PapersDetailed Written Explanations And Solutions of Past Papers, Including Model Answers and Explanations For Past Paper Questions0
- Past Paper SessionsVideo Content Regarding Past Paper Solutions0
- Notes (Rearranged Version)Notes Arranged In A Different Style For Preparation Ease19
- 11.1Types of Business Entity
- 11.2The Accounting System
- 11.3Capital And Revenue Income And Expenditure
- 11.4Changing Asset Values
- 11.5Reconciliation And Verification
- 11.6Trial Balance
- 11.7Bank Reconciliation Statements
- 11.8Control Accounts
- 11.9Adjustments To Draft Financial Statements
- 11.10Sole Trader
- 11.11Partnerships
- 11.12Limited Companies
- 11.13Users of Accounting Information
- 11.14Calculation And Evaluation of Ratios
- 11.15Materials and Labour
- 11.16Costing Applications
- 11.17Absorption Costing
- 11.18Marginal Costing
- 11.19Cost-Volume-Profit Analysis
- Videos Lectures (Pre-Recorded)Videos Recorded In A Different Style For Preparation Ease0
- Format Guides0
- Cheat Sheet86
- 14.1Types Of Business Entity: The Different Types Of Business Entity
- 14.2Types Of Business Entity: The Advantages And Disadvantages Of These Types Of Business Entity
- 14.3Types Of Business Entity: Sources Of Finance And Methods Of Funding For These Types Of Business Entity
- 14.4The Accounting System: The Principles Of The Double Entry System To Record Business Transactions
- 14.5The Accounting System: The Accounting Equation
- 14.6The Accounting System: The Role Of Books Of Prime Entry In The Recording Of Business Transactions
- 14.7The Accounting System: Preparation Of Ledger Accounts
- 14.8The Accounting System: The Purpose Of A Trial Balance
- 14.9The Accounting System: The Advantages And Disadvantages Of Maintaining Full Accounting Records
- 14.10The Accounting System: The Accounting Concepts Underpinning The Preparation Of Accounts
- 14.11The Accounting System: The Use Of Computerised Accounting Systems In Recording Financial Transactions
- 14.12The Accounting System: The Advantages And Disadvantages Of Introducing A Computerised Accounting System
- 14.13The Accounting System: The Ways In Which The Security Of Data Can Be Ensured Within A Computerised Accounting System
- 14.14Capital And Revenue Income And Expenditure: The Difference Between The Treatment Of Capital And Revenue Income And Capital And Revenue Expenditure
- 14.15Capital And Revenue Income And Expenditure: The Effect On Profit/Loss And Asset Value Of The Incorrect Treatment Of Capital And Revenue Expenditure
- 14.16Changing Asset Values: Factors That Cause The Value Of Non-Current Assets To Depreciate
- 14.17Changing Asset Values: The Purpose Of Accounting For Depreciation Of Non-Current Assets And The Associated Application Of Relevant Accounting Concepts
- 14.18Changing Asset Values: How To Calculate Depreciation Using The Reducing Balance And Straight-Line Methods
- 14.19Changing Asset Values: The Most Appropriate Method Of Calculating Depreciation
- 14.20Changing Asset Values: How To Measure The Value Of Non-Current Assets By The Cost Model Or The Revaluation Model
- 14.21Changing Asset Values: How To Prepare Ledger Accounts And Journal Entries
- 14.22Changing Asset Values: How To Calculate Profit Or Loss On Disposal Of A Non-Current Asset
- 14.23Changing Asset Values: How To Record The Effect Of A Charge For Depreciation In The Statement Of Profit Or Loss And Statement Of Financial Position
- 14.24Reconciliation And Verification: The Need To Reconcile And Verify Ledger Accounts Using Documentation From Internal And External Sources
- 14.25Reconciliation And Verification: The Benefits And Limitations Of Reconciliation And Verification Procedures
- 14.26Trial Balance: Errors Which Affect The Trial Balance
- 14.27Trial Balance: Errors Which Do Not Affect The Trial Balance
- 14.28Trial Balance: How To Prepare Ledger Accounts And Journal Entries To Correct Errors Using A Suspense Account
- 14.29Trial Balance: The Effect On The Financial Statements Of The Correction Of Errors
- 14.30Trial Balance: The Benefits And Limitations Of A Trial Balance
- 14.31Bank Reconciliation Statements: Updating Of Cash Books
- 14.32Bank Reconciliation Statements: How To Prepare Bank Reconciliation Statements
- 14.33Bank Reconciliation Statements: The Benefits And Limitations Of Preparing A Bank Reconciliation Statement
- 14.34Control Accounts: Entries In Control Accounts
- 14.35Control Accounts: Sales Ledger Control Accounts And Purchases Ledger Control Accounts
- 14.36Control Accounts: Reconciliation Statements Between Control Account Balances And Ledger Balances
- 14.37Control Accounts: The Effects On Financial Statements Of The Correction Of Errors
- 14.38Control Accounts: The Benefits And Limitations Of Control Accounts
- 14.39Adjustments To Draft Financial Statements: How To Calculate And Record The Adjustments Needed And The Effect On Financial Statements
- 14.40Sole 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)
- 14.41Partnerships: 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
- 14.42Partnerships: Why Partners May Maintain Separate Capital Accounts And Current Accounts
- 14.43Partnerships: How To Prepare Partners’ Capital And Current Accounts
- 14.44Partnerships: The Contents Of A Partnership Agreement
- 14.45Partnerships: The Advantages And Disadvantages To Partners Of Maintaining A Partnership Agreement
- 14.46Partnerships: 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
- 14.47Limited Companies: The Features And Accounting Treatment Of Ordinary Shares, Bonus Issues, Rights Issues, Debentures, Dividends And Reserves
- 14.48Limited 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
- 14.49Limited Companies: The Advantages And Disadvantages To The Company And To The Shareholders Of A Company Issuing Shares And Issuing Debentures
- 14.50Limited Companies: The Distinction Between Capital Reserves (Share Premium And Revaluation Reserve) And Revenue Reserves (Retained Earnings And General Reserve)
- 14.51Limited Companies: How To Prepare Ledger Accounts To Record
- 14.52Limited 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)
- 14.53Limited Companies: Sources Of Finance For Specified Purposes
- 14.54Users Of Accounting Information: The Differing Requirements For Information Of Stakeholders
- 14.55Users Of Accounting Information: How To Communicate And Analyse The Information Required By These Different Stakeholders
- 14.56Calculation And Evaluation Of Ratios: How To Calculate Key Accounting Ratios To Measure Profitability, Liquidity And Efficiency
- 14.57Calculation And Evaluation Of Ratios: How To Evaluate The Profitability, Liquidity And Efficiency Of An Organisation By Interpreting Ratios
- 14.58Calculation And Evaluation Of Ratios: Possible Measures To Improve The Profitability, Liquidity And Efficiency Of An Organisation
- 14.59Calculation And Evaluation Of Ratios: The Limitations Of Accounting Information
- 14.60Materials And Labour: Accounting For Material And Labour Costs
- 14.61Materials And Labour: How To Identify And Calculate Fixed Costs, Variable Costs, Semi-Variable Costs And Stepped Costs
- 14.62Materials And Labour: How To Identify And Calculate The Elements Of Direct And Indirect Costs
- 14.63Materials 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)
- 14.64Materials And Labour: The Principles Of Just In Time (JIT) Management Of Inventory
- 14.65Costing Applications: How To Apply Traditional Costing Methods To Prepare Costing Statements Using Unit, Job And Batch Costing Principles In Both Manufacturing And Service Businesses
- 14.66Absorption Costing: The Difference Between A Cost Centre And A Cost Unit
- 14.67Absorption Costing: How To Allocate And Apportion Overhead Expenditure Between Production And Service Departments
- 14.68Absorption Costing: How To Calculate Overhead Absorption Rates Using An Appropriate Basis
- 14.69Absorption Costing: The Causes And The Calculation Of Under Absorption And Over Absorption Of Overheads
- 14.70Absorption Costing: How To Prepare Costing And Profit Statements Using Absorption Costing
- 14.71Absorption Costing: The Uses And Limitations Of Absorption Costing
- 14.72Absorption Costing: The Usefulness Of Absorption Cost Data As A Support For Management Decision-Making
- 14.73Absorption Costing: Non-Financial Factors And Their Significance
- 14.74Marginal Costing: How To Calculate The Contribution Of A Product
- 14.75Marginal Costing: How To Interpret A Break-Even Chart (Note: Candidates Will Not Be Asked To Prepare A Break-Even Chart)
- 14.76Marginal 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
- 14.77Marginal Costing: The Use And Limitations Of Break-Even Analysis
- 14.78Marginal Costing: How To Prepare Costing And Profit Statements Using Marginal Costing
- 14.79Marginal Costing: How To Prepare A Statement Reconciling The Reported Profits Using Marginal Costing And Absorption Costing
- 14.80Marginal Costing: The Uses And Limitations Of Marginal Costing
- 14.81Marginal 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)
- 14.82Marginal Costing: Non-Financial Factors And Their Significance
- 14.83Cost–Volume–Profit Analysis: The Advantages And Limitations Of Cost–Volume–Profit Analysis
- 14.84Cost–Volume–Profit Analysis: The Usefulness Of Cost–Volume–Profit Data As A Support For Management Decision-Making
- 14.85Cost–Volume–Profit Analysis: How To Apply Costing Concepts To Make Business Decisions And Recommendations Using Supporting Data
- 14.86Cost–Volume–Profit Analysis: Non-Financial Factors And Their Significance
- Practice Questions/ Practice ExamsPractice Questions/ Exams Based Both On Actual Exam Pattern And On Topical Content To Boost Preparation And Improve Performance86
- 15.1Practice Questions: Types Of Business Entity: The Different Types Of Business Entity
- 15.2Practice Questions: Types Of Business Entity: The Advantages And Disadvantages Of These Types Of Business Entity
- 15.3Practice Questions: Types Of Business Entity: Sources Of Finance And Methods Of Funding For These Types Of Business Entity
- 15.4Practice Questions: The Accounting System: The Principles Of The Double Entry System To Record Business Transactions
- 15.5Practice Questions: The Accounting System: The Accounting Equation
- 15.6Practice Questions: The Accounting System: The Role Of Books Of Prime Entry In The Recording Of Business Transactions
- 15.7Practice Questions: The Accounting System: Preparation Of Ledger Accounts
- 15.8Practice Questions: The Accounting System: The Purpose Of A Trial Balance
- 15.9Practice Questions: The Accounting System: The Advantages And Disadvantages Of Maintaining Full Accounting Records
- 15.10Practice Questions: The Accounting System: The Accounting Concepts Underpinning The Preparation Of Accounts
- 15.11Practice Questions: The Accounting System: The Use Of Computerised Accounting Systems In Recording Financial Transactions
- 15.12Practice Questions: The Accounting System: The Advantages And Disadvantages Of Introducing A Computerised Accounting System
- 15.13Practice Questions: The Accounting System: The Ways In Which The Security Of Data Can Be Ensured Within A Computerised Accounting System
- 15.14Practice Questions: Capital And Revenue Income And Expenditure: The Difference Between The Treatment Of Capital And Revenue Income And Capital And Revenue Expenditure
- 15.15Practice Questions: Capital And Revenue Income And Expenditure: The Effect On Profit/Loss And Asset Value Of The Incorrect Treatment Of Capital And Revenue Expenditure
- 15.16Practice Questions: Changing Asset Values: Factors That Cause The Value Of Non-Current Assets To Depreciate
- 15.17Practice Questions: Changing Asset Values: The Purpose Of Accounting For Depreciation Of Non-Current Assets And The Associated Application Of Relevant Accounting Concepts
- 15.18Practice Questions: Changing Asset Values: How To Calculate Depreciation Using The Reducing Balance And Straight-Line Methods
- 15.19Practice Questions: Changing Asset Values: The Most Appropriate Method Of Calculating Depreciation
- 15.20Practice Questions: Changing Asset Values: How To Measure The Value Of Non-Current Assets By The Cost Model Or The Revaluation Model
- 15.21Practice Questions: Changing Asset Values: How To Prepare Ledger Accounts And Journal Entries
- 15.22Practice Questions: Changing Asset Values: How To Calculate Profit Or Loss On Disposal Of A Non-Current Asset
- 15.23Practice Questions: 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
- 15.24Practice Questions: Reconciliation And Verification: The Need To Reconcile And Verify Ledger Accounts Using Documentation From Internal And External Sources
- 15.25Practice Questions: Reconciliation And Verification: The Benefits And Limitations Of Reconciliation And Verification Procedures
- 15.26Practice Questions: Trial Balance: Errors Which Affect The Trial Balance
- 15.27Practice Questions: Trial Balance: Errors Which Do Not Affect The Trial Balance
- 15.28Practice Questions: Trial Balance: How To Prepare Ledger Accounts And Journal Entries To Correct Errors Using A Suspense Account
- 15.29Practice Questions: Trial Balance: The Effect On The Financial Statements Of The Correction Of Errors
- 15.30Practice Questions: Trial Balance: The Benefits And Limitations Of A Trial Balance
- 15.31Practice Questions: Bank Reconciliation Statements: Updating Of Cash Books
- 15.32Practice Questions: Bank Reconciliation Statements: How To Prepare Bank Reconciliation Statements
- 15.33Practice Questions: Bank Reconciliation Statements: The Benefits And Limitations Of Preparing A Bank Reconciliation Statement
- 15.34Practice Questions: Control Accounts: Entries In Control Accounts
- 15.35Practice Questions: Control Accounts: Sales Ledger Control Accounts And Purchases Ledger Control Accounts
- 15.36Practice Questions: Control Accounts: Reconciliation Statements Between Control Account Balances And Ledger Balances
- 15.37Practice Questions: Control Accounts: The Effects On Financial Statements Of The Correction Of Errors
- 15.38Practice Questions: Control Accounts: The Benefits And Limitations Of Control Accounts
- 15.39Practice Questions: Adjustments To Draft Financial Statements: How To Calculate And Record The Adjustments Needed And The Effect On Financial Statements
- 15.40Practice Questions: 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)
- 15.41Practice Questions: 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
- 15.42Practice Questions: Partnerships: Why Partners May Maintain Separate Capital Accounts And Current Accounts
- 15.43Practice Questions: Partnerships: How To Prepare Partners’ Capital And Current Accounts
- 15.44Practice Questions: Partnerships: The Contents Of A Partnership Agreement
- 15.45Practice Questions: Partnerships: The Advantages And Disadvantages To Partners Of Maintaining A Partnership Agreement
- 15.46Practice Questions: 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
- 15.47Practice Questions: Limited Companies: The Features And Accounting Treatment Of Ordinary Shares, Bonus Issues, Rights Issues, Debentures, Dividends And Reserves
- 15.48Practice Questions: 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
- 15.49Practice Questions: Limited Companies: The Advantages And Disadvantages To The Company And To The Shareholders Of A Company Issuing Shares And Issuing Debentures
- 15.50Practice Questions: Limited Companies: The Distinction Between Capital Reserves (Share Premium And Revaluation Reserve) And Revenue Reserves (Retained Earnings And General Reserve)
- 15.51Practice Questions: Limited Companies: How To Prepare Ledger Accounts To Record
- 15.52Practice Questions: 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)
- 15.53Practice Questions: Limited Companies: Sources Of Finance For Specified Purposes
- 15.54Practice Questions: Users Of Accounting Information: The Differing Requirements For Information Of Stakeholders
- 15.55Practice Questions: Users Of Accounting Information: How To Communicate And Analyse The Information Required By These Different Stakeholders
- 15.56Practice Questions: Calculation And Evaluation Of Ratios: How To Calculate Key Accounting Ratios To Measure Profitability, Liquidity And Efficiency
- 15.57Practice Questions: Calculation And Evaluation Of Ratios: How To Evaluate The Profitability, Liquidity And Efficiency Of An Organisation By Interpreting Ratios
- 15.58Practice Questions: Calculation And Evaluation Of Ratios: Possible Measures To Improve The Profitability, Liquidity And Efficiency Of An Organisation
- 15.59Practice Questions: Calculation And Evaluation Of Ratios: The Limitations Of Accounting Information
- 15.60Practice Questions: Materials And Labour: Accounting For Material And Labour Costs
- 15.61Practice Questions: Materials And Labour: How To Identify And Calculate Fixed Costs, Variable Costs, Semi-Variable Costs And Stepped Costs
- 15.62Practice Questions: Materials And Labour: How To Identify And Calculate The Elements Of Direct And Indirect Costs
- 15.63Practice Questions: 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)
- 15.64Practice Questions: Materials And Labour: The Principles Of Just In Time (JIT) Management Of Inventory
- 15.65Practice Questions: 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
- 15.66Practice Questions: Absorption Costing: The Difference Between A Cost Centre And A Cost Unit
- 15.67Practice Questions: Absorption Costing: How To Allocate And Apportion Overhead Expenditure Between Production And Service Departments
- 15.68Practice Questions: Absorption Costing: How To Calculate Overhead Absorption Rates Using An Appropriate Basis
- 15.69Practice Questions: Absorption Costing: The Causes And The Calculation Of Under Absorption And Over Absorption Of Overheads
- 15.70Practice Questions: Absorption Costing: How To Prepare Costing And Profit Statements Using Absorption Costing
- 15.71Practice Questions: Absorption Costing: The Uses And Limitations Of Absorption Costing
- 15.72Practice Questions: Absorption Costing: The Usefulness Of Absorption Cost Data As A Support For Management Decision-Making
- 15.73Practice Questions: Absorption Costing: Non-Financial Factors And Their Significance
- 15.74Practice Questions: Marginal Costing: How To Calculate The Contribution Of A Product
- 15.75Practice Questions: Marginal Costing: How To Interpret A Break-Even Chart (Note: Candidates Will Not Be Asked To Prepare A Break-Even Chart)
- 15.76Practice Questions: 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
- 15.77Practice Questions: Marginal Costing: The Use And Limitations Of Break-Even Analysis
- 15.78Practice Questions: Marginal Costing: How To Prepare Costing And Profit Statements Using Marginal Costing
- 15.79Practice Questions: Marginal Costing: How To Prepare A Statement Reconciling The Reported Profits Using Marginal Costing And Absorption Costing
- 15.80Practice Questions: Marginal Costing: The Uses And Limitations Of Marginal Costing
- 15.81Practice Questions: 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)
- 15.82Practice Questions: Marginal Costing: Non-Financial Factors And Their Significance
- 15.83Practice Questions: Cost–Volume–Profit Analysis: The Advantages And Limitations Of Cost–Volume–Profit Analysis
- 15.84Practice Questions: Cost–Volume–Profit Analysis: The Usefulness Of Cost–Volume–Profit Data As A Support For Management Decision-Making
- 15.85Practice Questions: Cost–Volume–Profit Analysis: How To Apply Costing Concepts To Make Business Decisions And Recommendations Using Supporting Data
- 15.86Practice Questions: Cost–Volume–Profit Analysis: Non-Financial Factors And Their Significance
- Mock Tests/ Mock ExamsMock Exams For Final Preparation0
- Class RecordingsClass Recordings From Previous Sessions/ Current Session For Content0
- Other MaterialOther Useful Material For Exams0
- Notes (Rearranged Version 2)Notes Arranged In A Different Style For Preparation Ease19
- 19.1Types of Business Entity
- 19.2The Accounting System
- 19.3Capital And Revenue Income And Expenditure
- 19.4Changing Asset Values
- 19.5Reconciliation And Verification
- 19.6Trial Balance
- 19.7Bank Reconciliation Statements
- 19.8Control Accounts
- 19.9Adjustments To Draft Financial Statements
- 19.10Sole Trader
- 19.11Partnerships
- 19.12Limited Companies
- 19.13Users of Accounting Information
- 19.14Calculation And Evaluation of Ratios
- 19.15Materials and Labour
- 19.16Costing Applications
- 19.17Absorption Costing
- 19.18Marginal Costing
- 19.19Cost-Volume-Profit Analysis
- Quizzes For Preparation 2Quizzes With Detailed Explained Answers And Common Mistakes Discussed In Detail 219
- 20.1Quizzes For Preparation: Types of Business Entity
- 20.2Quizzes For Preparation: The Accounting System
- 20.3Quizzes For Preparation: Capital And Revenue Income And Expenditure
- 20.4Quizzes For Preparation: Changing Asset Values
- 20.5Quizzes For Preparation: Reconciliation And Verification
- 20.6Quizzes For Preparation: Trial Balance
- 20.7Quizzes For Preparation: Bank Reconciliation Statements
- 20.8Quizzes For Preparation: Control Accounts
- 20.9Quizzes For Preparation: Adjustments To Draft Financial Statements
- 20.10Quizzes For Preparation: Sole Trader
- 20.11Quizzes For Preparation: Partnerships
- 20.12Quizzes For Preparation: Limited Companies
- 20.13Quizzes For Preparation: Users of Accounting Information
- 20.14Quizzes For Preparation: Calculation And Evaluation of Ratios
- 20.15Quizzes For Preparation: Materials and Labour
- 20.16Quizzes For Preparation: Costing Applications
- 20.17Quizzes For Preparation: Absorption Costing
- 20.18Quizzes For Preparation: Marginal Costing
- 20.19Quizzes For Preparation: Cost-Volume-Profit Analysis
- Cheat Sheet Version 219
- 22.1Types of Business Entity
- 22.2The Accounting System
- 22.3Capital And Revenue Income And Expenditure
- 22.4Changing Asset Values
- 22.5Reconciliation And Verification
- 22.6Trial Balance
- 22.7Bank Reconciliation Statements
- 22.8Control Accounts
- 22.9Adjustments To Draft Financial Statements
- 22.10Sole Traders
- 22.11Partnerships
- 22.12Limited Companies
- 22.13Users of Accounting Information
- 22.14Calculation And Evaluation of Ratios
- 22.15Materials and Labour
- 22.16Costing Applications
- 22.17Absorption Costing
- 22.18Marginal Costing
- 22.19Cost-Volume-Profit Analysis
Practice Questions: Control Accounts: The Benefits And Limitations Of Control Accounts
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