Suggested Progress and Syllabus for the Year

Size: px
Start display at page:

Download "Suggested Progress and Syllabus for the Year"

Transcription

1 Suggested Progress and Syllabus for the Year Appendix 1 Secondary: Four Book used: Principles of Accounts for Hong Kong Volume 1 Frank Wood (Longman) 5 th Edition First Term (S.4A) Cycle Periods Text Topics Contents of the lesson Demo Homework Introduction accounting Needs for accounting information (5/9 30/9) Users of accounting information Special meaning of `purchases and `sales in accounting 2 Introduction to double Accounting equation 2.6, 2.11X 2.7X, 2.9X entry Effects of business transactions upon balance sheet items 2.13X, 2.19X 2.15X, 2.17X 3 book-keeping Meanings of assets, liabilities, capital, and their double entry 3.4, 3.9X 3.5X, 3.10X Debits and credits and their rules 4 Treatment of stock 4.7X, 4.9, 4.13X 4.8X, 4.14X 5 Income and expenses and their double entry 5.5, 5.9X 5.6X, 5.10X Trial balance Double entry of closing balances 6.4, 6.6X 6.7X (2/10 18/10) 7 Functions of a trial balance 7.7X 7.6X How to prepare a trial balance Limitations of a trial balance

2 Cycle Periods Text Topics Contents of the lesson Demo Homework Preparation of final accounts from a trial balance of a sole trader (21/10 15/11) 8, 10 Purposes, functions and preparation of trading and profit and loss account: 1. Meaning of `net sales, `net purchases, `gross profit and `gross loss `net profit and `net loss 2. Calculation of cost of goods sold 9, 10 Purposes, functions and preparation of the balance sheet: 1. Differentiation between fixed assets and current assets, long term liabilities and current liabilities 2. Classifications by order of permanence and liquidity 3. Methods of presentation: vertical and horizontal 8.6, 8.9X 8.7X, 8.10X 9.4, 9.7X 9.5X, 9.8X Ledgers Identify a common division of the ledger: (18/11 6/12) Sales ledger, purchases ledger and general ledger Personal accounts, real accounts and nominal accounts Compile the different books/journals 10.5X, 10.9X 10.7X, 10.11X Cash book The banking system: meaning of debit and credit 13 The preparation of two column cash book 13.6X 13.7X Contra entries Not for credit purchase and credit sales 14 The preparation of three column cash book 14.7X 14.6X Meaning of trade discount and cash discount Treatment of discount allowed and discount received Treatment of bank overdraft

3 Second Term (S.4A) Cycle Periods Text Topics Contents of the lesson Demo Homework Compile the different books/journals Petty cash book The imprest system 15.4, 15.6X 15.5X (2/1 23/1) Analysis columns Sales journal and the Business document: invoice, debit note, credit note, receipts and payment 16.5, 16.8X 16.6X, 16.8X sales ledger vouchers (1 June) (2-30 June), 16.10X Treatment of trade discount Purchases journal and 17.5X 17.7X the purchases ledger Returns journals 18.5X 18.7X, 18.9X The journal Typical uses of the journal: - purchases and sale of fixed assets on credit - correction of errors - opening and closing entries - other transfer / adjustments 19.4X, 19.8X 19.6X Balancing day adjustments relating to preparation of final accounts Depreciation Meaning and objectives for depreciating fixed assets (24/1 28/2) Causes of depreciation: wear and tear, obsolence, inadequacy, passage of time and depletion. Methods of calculating depreciation charge: straight-line, 20.6X, 20.8X, 20.7X, 20.11X reducing-balance and revaluation 20.10X 21 Difference between capital and revenue expenditures 21.4X, 21.8X 21.9X 22 Journal and ledger entries and adjustments in profit and loss account and 22.5X, 22.11X 22.8X, 22.10X balance sheet: depreciation account method and provision account method Accounting entries for disposal of fixed assets Entries for trade-in of fixed assets Bad debts and Distinguish between bad debts and bad debts provision 23.4X, 23.7X 23.6X, 23.8X provision for bad debts Create, increase and decrease provision for bad debts and provision for discount allowed Journal and ledger entries, adjustments in profit and loss account and balance sheet

4 Accruals and prepayments Meaning of prepayment and accruals of revenue and expenses 24.8, X, 24.12X, (3/3 21/3) Calculate prepaid or accrued amount Journal and ledger entries, adjustment in profit and loss account and 24.15X balance sheet Third Term (S.4A) Cycle Periods Text Topics Contents of the lesson Demo Homework Bank reconciliation statement Reasons causing discrepancy in cash book and bank statement balances. 25.3, 25.7, 25.8X 25.4X, 25.6X, 25.10X (3/4 7/5) Functions and preparation of a bank reconciliation statement Update a cash book from a relevant bank statement Effect of bank overdraft on bank reconciliation statement Bank reconciliation statement commencing with cash book or bank statement balance 26,27 Correction of errors Classes of error: affecting and not affecting the agreement of the trial 26.3, X, 26.6X balance Correcting entries by means of journal or ledger accounts Use of a Suspense account Effect of errors on reported profits Preparation of a corrected balance sheet 29 Control accounts Functions and preparation of sales ledger and purchases ledger control accounts Treatment of minority balances Set-off between sales and purchases ledgers Reconciling control account balances with subsidiary ledger totals Accounting concepts Meaning of the following conventions and doctrines: (12/5 10/6) going concern, accrual, consistency, prudence, business entity, historical cost, materiality, quantifiability and stable monetary measure, income determination, matching and realization How to apply these concepts in simple case problems 27.3, 27.8, 27.7X 27.4X, 27.9X, 27.11X 29.5X, X, 29.12X 31.2X, 31.4X 31.3X, 31.5X

5 Cycle Periods Text Topics Contents of the lesson Demo Homework 32 Introduction to Use of accounting ratios MC 32.1, 32.4X 32.10X accounting ratios Calculate the following ratios: gross profit ratio, net profit ratio, current ratio, quick ratio, stock turnover rate, credit period allowed to trade debtors, credit period received from trade creditors, return on capital employed 33 Single entry and Calculate profit or loss from statements of affairs 33.5X, 33.7X 33.9X, 33.12X incomplete records Prepare final accounts from incomplete records Calculate value of stock in trade at time of fire Calculate value of stock after financial year end Use of margins, mark-ups and other accounting ratios Use of total debtors and total creditors account Treatment of goods in stock salvaged 34 Receipt and payment Functions of the accounts 34.4X, 34.8X 34.6X, 34.7X account and Income and expenditures account Calculate accumulated fund and subscriptions, with arrears and advance Calculate profit on a fund-raising activity Prepare trading account, income and expenditure account and statement of affairs/balance sheet Treatment of donations and entrance fees 35 Manufacturing account Classify and calculate the following costs: 35.2X 35.4X, 35.7X prime cost, factory overheads and cost of production Treatment of work-in-progress Mark-up on manufactured goods Preparation of manufacturing, trading and profit and loss account and balance sheet

6

PRINCIPLES OF ACCOUNTS

PRINCIPLES OF ACCOUNTS PRINCIPLES OF ACCOUNTS OBJECTIVE The objective of the examination is to test candidates understanding of the basic principles and methods of accounting and their application to practical situations. THE

More information

LEVEL 1. Financial Accounting Paper 10. Business Accounting Paper 1

LEVEL 1. Financial Accounting Paper 10. Business Accounting Paper 1 SYLLABUS CHART LEVEL 1 BUSINESS ACCOUNTING -PAPER 1 Financial Accounting Paper 10 Business Accounting Paper 1 OVERALL AIM To provide the learner with knowledge and skills of basic accounting concepts and

More information

ACCOUNTANCY. Units Topics Marks. Part A Financial Accounting - I Theoretical Framework Accounting Process 35

ACCOUNTANCY. Units Topics Marks. Part A Financial Accounting - I Theoretical Framework Accounting Process 35 ACCOUNTANCY Course Structure Units Topics Marks Part A Financial Accounting - I 50 1 Theoretical Framework 15 2 Accounting Process 35 Part B Financial Accounting - II 40 3 Financial Statements of Sole

More information

SEC Syllabus (2017) Accounting ACCOUNTING SEC 01

SEC Syllabus (2017) Accounting ACCOUNTING SEC 01 SEC SYLLABUS (2017) ACCOUNTING SEC 01 SYLLABUS 1 Accounting SEC 01 Syllabus (not available in September) Paper 1 (2hrs) + Paper II (2 hrs) The aims of the syllabus are to enable students: 1. To understand

More information

SEC Syllabus (2015) Accounting SEC SYLLABUS (2015) ACCOUNTING SEC 01 SYLLABUS

SEC Syllabus (2015) Accounting SEC SYLLABUS (2015) ACCOUNTING SEC 01 SYLLABUS SEC SYLLABUS (2015) ACCOUNTING SEC 01 SYLLABUS 1 Accounting SEC 01 Syllabus (not available in September) Paper 1 (2hrs) + Paper II (2 hrs) The aims of the syllabus are to enable students: 1. To understand

More information

TRIPURA BOARD OF SECONDARY EDUCATION. SYLLABUS (effective from 2014) SUBJECT : ACCOUNTANCY (Class XI)

TRIPURA BOARD OF SECONDARY EDUCATION. SYLLABUS (effective from 2014) SUBJECT : ACCOUNTANCY (Class XI) TRIPURA BOARD OF SECONDARY EDUCATION SYLLABUS (effective from 2014) SUBJECT : ACCOUNTANCY (Class XI) Total Page- 05 ACCOUNTANCY COURSE STRUCTURE CLASS XI (Theory) One Paper Time : 3 Hours Marks : 90 +10=100

More information

Detailed competency map: Knowledge requirements. (AAT examination)

Detailed competency map: Knowledge requirements. (AAT examination) Detailed competency map: Knowledge requirements (AAT examination) Fields of competency The items listed are shown with an indicator of the minimum acceptable level of competency, based on a three-point

More information

03 The full syllabus. 03 The full syllabus continued. For more information visit PAPER C02 FUNDAMENTALS OF FINANCIAL ACCOUNTING

03 The full syllabus. 03 The full syllabus continued. For more information visit  PAPER C02 FUNDAMENTALS OF FINANCIAL ACCOUNTING 16 0 The full syllabus 0 The full syllabus continued PAPER C0 FUNDAMENTALS OF FINANCIAL ACCOUNTING Syllabus overview The main objective of this paper is the preparation of financial statements for single

More information

ACCOUNTING. FORM 3 5 Syllabus. Joanne Zammit EO Accounting and Business Studies

ACCOUNTING. FORM 3 5 Syllabus. Joanne Zammit EO Accounting and Business Studies ACCOUNTING FORM 3 5 Syllabus Joanne Zammit EO Accounting and Business Studies Directorate for Quality and Standards in Education Department of Curriculum Management Table of Contents Rationale for Accounting

More information

CURRICULUM AND SYLLABUS

CURRICULUM AND SYLLABUS 182 CURRICULUM AND SYLLABUS for Classes XI & XII ACCOUNTANCY CLASS XI One Paper 3 Hours 100 Marks 180 Periods Unit Unitwise Weightage Period Marks Unit 1 Introduction of Accounting 11 6 Unit 2 Theory Base

More information

IM SYLLABUS (2015) ACCOUNTING IM 01 SYLLABUS

IM SYLLABUS (2015) ACCOUNTING IM 01 SYLLABUS IM SYLLABUS (2015) ACCOUNTING IM 01 SYLLABUS 1 Accounting IM01 Syllabus (Available in September) 1 Paper (3 hrs) Introduction The syllabus seeks to develop sound financial literacy, and the presentation

More information

SYLLABUS ACCOUNTANCY

SYLLABUS ACCOUNTANCY SYLLABUS ACCOUNTANCY 1. RATIONALE Accountancy is an important language of business. Its knowledge has become indispensable for recording and analysing business transactions, interpreting the business results

More information

G.C.E. Advanced Level Grades 12 and 13

G.C.E. Advanced Level Grades 12 and 13 G.C.E. Advanced Level Grades 12 and 13 Accounting Revised Syllabus will be implemented from 2012 (The examination will be held for the first time in year 2012) Department of Business Studies Faculty of

More information

Business, Accounting and Financial Studies :Syllabus

Business, Accounting and Financial Studies :Syllabus Business, Accounting and Financial Studies :Syllabus 1(a) Business Environment 營 商 環 境 Hong Kong Business Environment Forms of Business Ownership Business Ethics and Social Responsibilities 1(b) Introduction

More information

Studyguide.PK Accounts Revision Notes Page 1

Studyguide.PK Accounts Revision Notes Page 1 BOOKS OF ORIGINAL ENTRIES These are the books of first entry. The transactions are first recorded in these books before being entered in the ledger books. These books are also called as books of Prime

More information

UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION

UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION B Com/BBA (2011 Admn. Onwards) II SEMESTER CORE COURSE FINANCIAL ACCOUNTING QUESTION BANK 1) Outstanding expenditure is a account. a) Nominal b) Personnel

More information

Chapter 4: Adjusting the accounts and preparing Financial statements. 4.1 Measurement of Profit Income Expense = profit

Chapter 4: Adjusting the accounts and preparing Financial statements. 4.1 Measurement of Profit Income Expense = profit Chapter 4: Adjusting the accounts and preparing Financial statements 4.1 Measurement of Profit Income Expense = profit Cash basis Income is recorded wen cash is received Expenses are recorded when cash

More information

Level 1 Certificate in Book-Keeping

Level 1 Certificate in Book-Keeping LCCI International Qualifications Level 1 Certificate in Book-Keeping Syllabus Effective for examinations to be held after 1 Jan 2008 For further information contact us: Tel. +44 (0) 8707 202909 Email.

More information

Annual Qualification Review

Annual Qualification Review LCCI International Qualifications Level 2 Certificate in Book Keeping and Accounts Annual Qualification Review 2009 For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com

More information

Accounting (4305) IGCSE London Examinations IGCSE Accounting (4305) For examination in May and November 2006, 2007, 2008 November 2004, Issue 1

Accounting (4305) IGCSE London Examinations IGCSE Accounting (4305) For examination in May and November 2006, 2007, 2008 November 2004, Issue 1 IGCSE London Examinations IGCSE Accounting (4305) For examination in May and November 2006, 2007, 2008 November 2004, Issue 1 delivered locally, recognised globally Specification London Examinations IGCSE

More information

ACCOUNTANCY (CLASSES XI-XII)

ACCOUNTANCY (CLASSES XI-XII) ACCOUNTANCY (CLASSES XI-XII) Rationale 136 The course in Accountancy is introduced at + 2 stage of Senior education, as mal commerce education is provided after first ten years of schooling. With the fast

More information

Model Answer B.Com (Hons) First Semester Examination Guru Ghasidas Vishwavidyalaya Book-Keeping and Accountancy AS (iii) Journal Entry.

Model Answer B.Com (Hons) First Semester Examination Guru Ghasidas Vishwavidyalaya Book-Keeping and Accountancy AS (iii) Journal Entry. *Prepared by Abhinna Srivastava Short Answer (i) (ii) Model Answer B.Com (Hons) First Semester Examination Guru Ghasidas Vishwavidyalaya Book-Keeping and Accountancy AS-2603 PERSONAL ACCOUNT - These are

More information

6. Show all your workings. icpar

6. Show all your workings. icpar CERTIFIED PUBLIC ACCOUNTANT FOUNDATION LEVEL 1 EXAMINATION F1.3: FINANCIAL ACCOUNTING MONDAY: 10 JUNE 2013 INSTRUCTIONS: 1. Time Allowed: 3 hours 15 minutes (15 minutes reading and 3 hours writing). 2.

More information

NATIONAL 5 Accounting

NATIONAL 5 Accounting MADRAS COLLEGE FACULTY OF TECHNOLOGIES DEPARTMENT OF BUSINESS AND COMPUTING NATIONAL 5 Accounting Course Information ACCOUNTING NATIONAL 5 COURSE AIMS AND STRUCTURE The course aims to enable learners to:

More information

Recognition of Prior Experience Assessment of Competence Checklist

Recognition of Prior Experience Assessment of Competence Checklist Recognition of Prior Experience Assessment of Competence Checklist Please read the following guidance on completing this form. In applying for professional membership of the Institute of Financial Accountants,

More information

Mustafa Khuwaja - CAT Finalist

Mustafa Khuwaja - CAT Finalist 1 Run through the Flashcards as often as you can during your final revision period. The day before the exam, try to go through the Flashcards again. You will be well on your way to passing your exams.

More information

PACIFIC SENIOR SECONDARY CERTIFICATE

PACIFIC SENIOR SECONDARY CERTIFICATE PACIFIC SENIOR SECONDARY CERTIFICATE Contents Page Rationale 1 General Aims 1 General Objectives 1 Specific Objectives 1 Course Context 2 Course Structure 2 Section I The Conceptual Basis of Accounting

More information

Diploma in Accounting & Finance

Diploma in Accounting & Finance Brentwood Open Learning College Diploma in Accounting & Finance (Level 4) Course Structure & Contents Diploma in Accounting & Finance Course Structure Contents Page 1 Unit 1 to Accounting & Finance The

More information

january 2016 ACCOUNTING Practice Questions for gcma

january 2016 ACCOUNTING Practice Questions for gcma january 2016 ACCOUNTING for gcma www.iqnglobal.com Accounting Question- 1 The following information was disclosed in the financial statements of Highfield Co for the year ended 31/12/2015. 2014 2015 $

More information

BUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the

BUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the INTERNATIONAL DIPLOMA PROGRAM ON BUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the MODERN PRACTICAL METHODS OF ACCOUNTING Trained and competent bookkeeping

More information

110 Questions(with Answers) On Accounting Basics FREE E-book from http://basiccollegeaccounting.com

110 Questions(with Answers) On Accounting Basics FREE E-book from http://basiccollegeaccounting.com (http://basiccollegeaccounting.com) Dedicated to helping Students & Teachers NOTE: 110 Questions & Answers on True Or False on Accounting Basics ACCOUNTING CONCEPTS & DOUBLE ENTRY SYSTEM True False 1.

More information

0452 Accounting November 2006

0452 Accounting November 2006 ACCOUNTING 0452 Accounting November 2006 Paper 0452/01 Multiple Choice Question Number Key Question Number Key 1 D 21 B 2 C 22 B 3 B 23 C 4 A 24 D 5 C 25 D 6 B 26 D 7 B 27 B 8 D 28 A 9 A 29 B 10 D 30 A

More information

CENTURY 21 ACCOUNTING, 8e General Journal Chapter Objectives

CENTURY 21 ACCOUNTING, 8e General Journal Chapter Objectives CENTURY 21 ACCOUNTING, 8e General Journal Chapter Objectives Chapter 1 Starting A Proprietorship: Changes that Affect the Accounting Equation After studying Chapter 1, you will be able to: 1. Define accounting

More information

SAMPLE QUESTION PAPER IN ACCOUNTANCY. Time: Three Hours Maximum Marks: 100

SAMPLE QUESTION PAPER IN ACCOUNTANCY. Time: Three Hours Maximum Marks: 100 SAMPLE QUESTION PAPER IN ACCOUNTANCY Time: Three Hours Maximum Marks: 100 Note: The question paper is divided into two sections A and B. Attempt all questions of Section A and any one question of Section

More information

CLASS XI CLASS XI SEMESTER I

CLASS XI CLASS XI SEMESTER I CLASS XI Paper 3 Hours 0 Marks PERIODS MARKS PART A : FINANCIAL ACCOUNTING I Unit 1 : Introduction to Accounting Unit 2 : Theory Base of Accounting Unit 3 : Generation of Vouchers and Recording of Transactions

More information

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours)

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours) Cork Institute of Technology Bachelor of Business in Accounting Award Bachelor of Business in Management - Award Instructions Answer FOUR questions Answer all THREE questions in Section A and ONE question

More information

CA CPT SAMPLE PAPER FUNDAMENTAL ACCOUNTING (60MARKS)

CA CPT SAMPLE PAPER FUNDAMENTAL ACCOUNTING (60MARKS) CA CPT SAMPLE PAPER FUNDAMENTAL ACCOUNTING (60MARKS) 1. Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable? (a)

More information

0452 Accounting June 2008

0452 Accounting June 2008 ACCOUNTING Paper 0452/01 Multiple Choice Question Number Key Question Number Key 1 C 21 B 2 D 22 B 3 A 23 D 4 A 24 B 5 D 25 A 6 A 26 D 7 B 27 C 8 D 28 C 9 A 29 C 10 C 30 A 11 B 31 D 12 B 32 A 13 C 33 C

More information

BUSINESS ACCOUNTS. sample documents. sourced from www.osbornebooks.co.uk

BUSINESS ACCOUNTS. sample documents. sourced from www.osbornebooks.co.uk BUSINESS ACCOUNTS sample documents sourced from www.osbornebooks.co.uk Sample documents document page invoice 3 statement 4 double-entry accounts 5 cash book 6 petty cash book 7 extended trial balance

More information

Warren, Reeve, and Duchac Accounting (22e) Map to Georgia Accounting Guide. Describe the accounting process. Define related terms.

Warren, Reeve, and Duchac Accounting (22e) Map to Georgia Accounting Guide. Describe the accounting process. Define related terms. Warren, Reeve, and Duchac Accounting (22e) Map to Georgia Accounting Guide Competency After completing this section, the student will: Warren, Reeve, Duchac outcomes ACCOUNTING VOCABULARY AND CONCEPTS

More information

Glossary of Accounting Terms Peter Baskerville

Glossary of Accounting Terms Peter Baskerville Glossary of Accounting Terms Peter Baskerville Account for or 'bring to account': An accounting phrase used to describe the recording of a financial transaction that is required under the generally accepted

More information

PREPARING FINAL ACCOUNTS. part

PREPARING FINAL ACCOUNTS. part 15_1312MH_CH09 27/1/05 8:38 am Page 87 PREPARING part 3 FINAL ACCOUNTS 9 The final accounts of sole traders 10 Accounting principles, concepts and policies 11 Depreciation and fixed assets 12 Bad debts

More information

LEAVING CERTIFICATE ACCOUNTING SYLLABUS

LEAVING CERTIFICATE ACCOUNTING SYLLABUS LEAVING CERTIFICATE ACCOUNTING SYLLABUS Ordinary and Higher Levels 1 LEAVING CERTIFICATE ACCOUNTING SYLLABUS Higher and Ordinary Levels 1. Introduction 1.1 Accounting is a business studies option within

More information

1. Measure the impact governmental regulation has on both public and private sector

1. Measure the impact governmental regulation has on both public and private sector ACCT 215/315/300 1. Measure the impact governmental regulation has on both public and private sector 2. Distinguish between organization and formations and compare the legal ramifications of each 3. Explain

More information

MARK SCHEME for the October/November 2008 question paper 0452 ACCOUNTING. 0452/03 Paper 3, maximum raw mark 100

MARK SCHEME for the October/November 2008 question paper 0452 ACCOUNTING. 0452/03 Paper 3, maximum raw mark 100 www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November question paper 0452 ACCOUNTING 0452/03

More information

CATHOLIC REGIONAL COLLEGE SYDENHAM. Study: Accounting

CATHOLIC REGIONAL COLLEGE SYDENHAM. Study: Accounting CATHOLIC REGIONAL COLLEGE SYDENHAM Study: Accounting Rationale: Accounting is the process of recording, reporting, analysing and interpreting financial data and information that is then communicated to

More information

Paper F3. Financial Accounting. Specimen Exam applicable from June 2014. Fundamentals Level Knowledge Module

Paper F3. Financial Accounting. Specimen Exam applicable from June 2014. Fundamentals Level Knowledge Module Fundamentals Level Knowledge Module Financial Accounting Specimen Exam applicable from June 2014 Time allowed: 2 hours This paper is divided into two sections: Section A ALL 35 questions are compulsory

More information

0452 Accounting June 2004 CONTENTS ACCOUNTING Paper 0452/01 Multiple Choice... 2 Paper 0452/02 Paper Paper 0452/03 Paper 3...

0452 Accounting June 2004 CONTENTS ACCOUNTING Paper 0452/01 Multiple Choice... 2 Paper 0452/02 Paper Paper 0452/03 Paper 3... CONTENTS ACCOUNTING... 2 Paper 0452/01 Multiple Choice... 2 Paper 0452/02 Paper 2... 3 Paper 0452/03 Paper 3... 8 1 ACCOUNTING Paper 0452/01 Multiple Choice Question Number Key Question Number Key 1 B

More information

Introductory Financial Accounting Course Outline

Introductory Financial Accounting Course Outline Aboriginal Financial Officers Association of Alberta Introductory Financial Accounting Course Outline ACCT 210: INTRODUCTORY FINANCIAL ACCOUNTING I... 1 ACCT 240: INTRODUCTORY FINANCIAL ACCOUNTING II...

More information

MARK SCHEME for the May/June 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/21 Paper 21, maximum raw mark 120

MARK SCHEME for the May/June 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/21 Paper 21, maximum raw mark 120 www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2010 question paper for the guidance of teachers

More information

MARK SCHEME for the October/November 2011 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/23 Paper 2, maximum raw mark 120

MARK SCHEME for the October/November 2011 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/23 Paper 2, maximum raw mark 120 www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November question paper for the guidance of

More information

LEAVING CERTIFICATE A CCOUNTING SYLLABUS. Ordinary and Higher Levels

LEAVING CERTIFICATE A CCOUNTING SYLLABUS. Ordinary and Higher Levels LEAVING CERTIFICATE A CCOUNTING SYLLABUS Ordinary and Higher Levels LEA VING CERTIFICATE ACCOUNTING SYLLABUS Higher and Ordinary Levels 1. Introduction 1.1 Accounting is a business studies option within

More information

Financial Accounting (Sole Proprietorship)

Financial Accounting (Sole Proprietorship) Financial Accounting (Sole Proprietorship) This course covers the topics shown below. Students navigate learning paths based on their level of readiness. Institutional users may customize the scope and

More information

0452 ACCOUNTING 0452/02 Paper 2, maximum raw mark 90

0452 ACCOUNTING 0452/02 Paper 2, maximum raw mark 90 www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2009 question paper for the guidance of teachers

More information

CONTENTS. Kevin O Riordan 2000 ISBN 1841 31 3750. Folens Publishers, Hibernian Industrial Estate, Greenhills Road. Tallaght, Dublin 24.

CONTENTS. Kevin O Riordan 2000 ISBN 1841 31 3750. Folens Publishers, Hibernian Industrial Estate, Greenhills Road. Tallaght, Dublin 24. CONTENTS Chapter 2: Double-Entry Book-keeping and the Trial Balance... 1 Chapter 3: Profit Measurement and Balance Sheet Preparation... 5 Chapter 4: Value Added Tax and Statutory Deductions... 8 Chapter

More information

MARK SCHEME for the May/June 2008 question paper 0452 ACCOUNTING. 0452/03 Paper 3, maximum raw mark 100

MARK SCHEME for the May/June 2008 question paper 0452 ACCOUNTING. 0452/03 Paper 3, maximum raw mark 100 www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June question paper 0452 ACCOUNTING 0452/03 Paper

More information

AM01 Syllabus (2017): Accounting AM SYLLABUS (2017) SYLLABUS

AM01 Syllabus (2017): Accounting AM SYLLABUS (2017) SYLLABUS ACCOUNTING AM SYLLABUS (2017) AM01 SYLLABUS 1 Accounting AM01 Syllabus (Available in September) Paper I (3 hrs) + Paper II (3 hrs) Introduction The syllabus builds on the topics set for the SEC Examination

More information

Page 1 of 55 www.vijayadarsh.com Youtube.com/c/StayLearningNewdelhi Contact@vijayAdarsh.com +919268373738

Page 1 of 55 www.vijayadarsh.com Youtube.com/c/StayLearningNewdelhi Contact@vijayAdarsh.com +919268373738 Page 1 of 55 www.vijayadarsh.com Youtube.com/c/StayLearningNewdelhi Contact@vijayAdarsh.com +919268373738 About StayLearning StayLearning (a Division of AASS) believes in educating their students with

More information

UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING

UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING UNIVERSITY OF MRIGE INTERNTIONL EXMINTIONS International General ertificate of Secondary Education OUNTING 0452/01 Paper 1 Multiple hoice May/June 2006 dditional Materials: Multiple hoice nswer Sheet Soft

More information

REPORT ON CANDIDATES WORK IN THE CARIBBEAN SECONDARY EDUCATION CERTIFICATE EXAMINATION JANUARY 2013

REPORT ON CANDIDATES WORK IN THE CARIBBEAN SECONDARY EDUCATION CERTIFICATE EXAMINATION JANUARY 2013 CARIBBEAN EXAMINATIONS COUNCIL REPORT ON CANDIDATES WORK IN THE CARIBBEAN SECONDARY EDUCATION CERTIFICATE EXAMINATION JANUARY 2013 PRINCIPLES OF ACCOUNTS GENERAL PROFICIENCY EXAMINATION Copyright 2013

More information

TOPIC LEARNING OBJECTIVE

TOPIC LEARNING OBJECTIVE Topic Mapping 1 Transaction Analysis Understand the effect of various types of transactions on the accounting equation, accounting journal and accounting ledger. Concepts and Skills Accounting Equation

More information

2. If equity is $300,000 and liabilities are $192,000, then assets equal: A. $108,000. B. $192,000. C. $300,000. D. $492,000. E. $792,000.

2. If equity is $300,000 and liabilities are $192,000, then assets equal: A. $108,000. B. $192,000. C. $300,000. D. $492,000. E. $792,000. Midterm B 1. Which of the following accounting principles prescribes that a company record its expenses incurred to generate the revenue reported? A. Going-concern assumption. B. Matching principle. C.

More information

Accounting principles 10 credits

Accounting principles 10 credits Accounting principles 10 credits Aim This unit aims to develop a good understanding of fundamental accounting principles and techniques for those working in or towards an analytical or managerial role.

More information

National Occupational Standards in Accounting

National Occupational Standards in Accounting National Occupational Standards in Accounting 2 ACCOUNTANCY OCCUPATIONALS STANDARDS GROUP (AOSG) Contents Introduction to the Accounting Standards...4 Accounting Qualification Framework...6 Accounting

More information

SYLLABUS. Cambridge IGCSE Accounting. Cambridge Secondary 2

SYLLABUS. Cambridge IGCSE Accounting. Cambridge Secondary 2 SYLLABUS Cambridge IGCSE Accounting 0452 For examination in June and November 2015 Cambridge Secondary 2 Changes to syllabus for 2015 This syllabus has been updated, but there are no significant changes.

More information

C02-Fundamentals of financial accounting

C02-Fundamentals of financial accounting Sample Exam Paper Question 1 The difference between an income statement and an income and expenditure account is that: A. An income and expenditure account is an international term for an Income statement.

More information

LCCI International Qualifications. Level 3 Award in Preparing Financial Statements for a Sole Trader. Syllabus. Effective from: 1 September 2010

LCCI International Qualifications. Level 3 Award in Preparing Financial Statements for a Sole Trader. Syllabus. Effective from: 1 September 2010 LCCI International Qualifications Level 3 Award in Preparing Financial Statements for a Sole Trader Syllabus Effective from: 1 September 2010 For further information contact us: Tel. +44 (0) 8707 202909

More information

Basic Accounting Principles

Basic Accounting Principles Basic Accounting Principles Basic Accounting Model The basic accounting model represents the relationship between assets (what the company owns), liabilities (what the company owes), and owner s equity

More information

Review of the Accounting Process THE BASIC MODEL

Review of the Accounting Process THE BASIC MODEL THE BASIC MODEL The accounting information system is designed to collect and organize data into information that is useful for stakeholders. The Accounting Equation The basic accounting equation is what

More information

GUIDELINES FOR CSB CANDIDATES : PGT COMMERCE

GUIDELINES FOR CSB CANDIDATES : PGT COMMERCE GUIDELINES FOR CSB CANDIDATES : PGT COMMERCE 1. Aim. To test the level of knowledge of the candidate and assess his/her suitability for employment as PGT Commerce to teach with proficiency in class XI

More information

Coimisiún na Scrúduithe Stáit State Examinations Commission

Coimisiún na Scrúduithe Stáit State Examinations Commission 2007. M55 Coimisiún na Scrúduithe Stáit State Examinations Commission LEAVING CERTIFICATE EXAMINATION, 2007 A C C O U N T I N G - H I G H E R L E V E L (400 marks) This paper is divided into 3 Sections:

More information

INTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting

INTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting www.xtremepapers.com INTERNATIONAL ACCOUNTING STANDARDS CIE Guidance for teachers of 7110 Principles of Accounts and 0452 Accounting 1 CONTENTS Introduction...3 Use of this document... 3 Users of financial

More information

The learners shall be able to

The learners shall be able to Grade: 12 Course Title: Fundamentals of Accountancy, Business and Management 2 Semester: 1 st Semester, 1 st Quarter No. of Hours/ Semester: 80 hours/ semester Prerequisite: Fundamentals of Accountancy,

More information

Accounting Upper Secondary Syllabus

Accounting Upper Secondary Syllabus Accounting Upper Secondary Syllabus Papua New Guinea Department of Education Issued free to schools by the Department of Education Published in 2008 by the Department of Education, Papua New Guinea Copyright

More information

Page 1 FBLA: ACCOUNTING II

Page 1 FBLA: ACCOUNTING II Competency: Financial Statements 1. Describe the different types of financial statements; explain their purpose and compare the difference. 2. Prepare a trial balance, a worksheet (8 and 10 columns), and

More information

FINANCIAL ACCOUNTING

FINANCIAL ACCOUNTING FINANCIAL ACCOUNTING FORMATION 2 EXAMINATION - AUGUST 2012 NOTES: You are required to answer Question 1. You are also required to answer any three out of Questions 2 to 5. (If you provide answers to all

More information

ACCOUNTING 1 (ACN101- M)

ACCOUNTING 1 (ACN101- M) 1 ACCOUNTING 1 (ACN101- M) STUDY UNIT 1: THE NATURE AND FUNCTION OF ACCOUNTING DEFINITION: Accounting can be defined as the orderly & systematic recording of the monetary values of financial transactions

More information

BUSINESS BOOKS. Accounting SIXTH EDITION. Peter J. Eisen Assistant Principal Retired Accounting & Business Practice N.YC. Department of Education

BUSINESS BOOKS. Accounting SIXTH EDITION. Peter J. Eisen Assistant Principal Retired Accounting & Business Practice N.YC. Department of Education BUSINESS BOOKS Accounting SIXTH EDITION Peter J. Eisen Assistant Principal Retired Accounting & Business Practice N.YC. Department of Education BARRON'S CONTENTS Preface ix 1 THE ACCOUNTING EQUATION I

More information

(AA11) FINANCIAL ACCOUNTING BASICS

(AA11) FINANCIAL ACCOUNTING BASICS All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA1 EXAMINATION - JANUARY 2016 (AA11) FINANCIAL ACCOUNTING BASICS Instructions to candidates (Please Read Carefully): (1) Time allowed:

More information

Century 21 Accounting, 8e General Journal Chapter Outlines

Century 21 Accounting, 8e General Journal Chapter Outlines Century 21 Accounting, 8e General Journal Chapter Outlines PART 1 Chapter 1 ACCOUNTING FOR A SERVICE BUSINESS ORGANIZED AS A PROPRIETORSHIP Starting A Proprietorship: Changes that Affect the Accounting

More information

Department of Management Studies

Department of Management Studies Department of Management Studies 1 BACHELOR OF MANAGEMENT STUDIES DEGREE PROGRAMME FINANCIAL & COST ACCOUNTING MCU 1206 DAY SCHOOL 01 15/08/2015 Content Unit Slides Time (hrs.) UNIT 01 INTRODUCTION TO

More information

Financial Accounting for Decision Makers

Financial Accounting for Decision Makers Financial Accounting for Decision Makers Gary A. Porter University of St. Thomas - Minnesota Curtis L. Norton Northern Illinois University THOMSON SOUTHWESTERN A u s t r a l i a B r a z i l C a n a d a

More information

School of Distance Education UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION. V Semester. (2011 Admission Onwards) OPEN COURSE

School of Distance Education UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION. V Semester. (2011 Admission Onwards) OPEN COURSE UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION V Semester (2011 Admission Onwards) OPEN COURSE (For the UG candidates with core course other than B Com) BASIC ACCOUNTING QUESTION BANK 1. The prime

More information

Adjustments were analyzed and planned on the work sheet These adjustments must be journalized, so they can be posted to the general ledger accounts

Adjustments were analyzed and planned on the work sheet These adjustments must be journalized, so they can be posted to the general ledger accounts LESSON 8-1 Recording Adjusting Entries Adjustments were analyzed and planned on the work sheet These adjustments must be journalized, so they can be posted to the general ledger accounts Adjusting entries

More information

Financial Accounting (F3/FFA) February 2014 to August 2015

Financial Accounting (F3/FFA) February 2014 to August 2015 Financial Accounting (F3/FFA) February 2014 to August 2015 This syllabus and study guide are designed to help with teaching and learning and is intended to provide detailed information on what could be

More information

CHAPTER 19. Statement of cash flows CONTENTS

CHAPTER 19. Statement of cash flows CONTENTS CHAPTER 19 Statement of cash flows CONTENTS 19.1 Simple statement of cash flows 19.2 Statement of cash flows for a sole trader 19.3 Statement of cash flows for a partnership 19.4 Statement of cash flows

More information

Chapter - 1. Introduction to Financial Accounting & Book Keeping

Chapter - 1. Introduction to Financial Accounting & Book Keeping Chapter - 1 Introduction to Financial Accounting & Book Keeping Basic Concepts Accounting has been defined as "the art of recording, classifying and summarizing in a significant manner and in terms of

More information

0452 ACCOUNTING 0452/02 Paper 2, maximum raw mark 100

0452 ACCOUNTING 0452/02 Paper 2, maximum raw mark 100 www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November 2009 question paper for the guidance

More information

PRINCIPLES OF ACCOUNTS 2011-AL-P ACCT

PRINCIPLES OF ACCOUNTS 2011-AL-P ACCT PRINCIPLES OF ACCOUNTS 2011-AL-P ACCT ADVANCED LEVEL OBJECTIVES The examination aims to test the candidates abilities to: 1. demonstrate knowledge of accounting procedures and practices and an understanding

More information

Financial Accounting (F3/FFA) September 2015 (for CBE exams from 23 September 2015) to August 2016

Financial Accounting (F3/FFA) September 2015 (for CBE exams from 23 September 2015) to August 2016 Financial Accounting (F3/FFA) September 2015 (for CBE exams from 23 September 2015) to August 2016 This syllabus and study guide are designed to help with teaching and learning and is intended to provide

More information

Paper 2 Accounting (Syllabus 2008)

Paper 2 Accounting (Syllabus 2008) Section A- FINANCIAL ACCOUNTING 1. Which of the following is not a Fixed Asset? (a) Building (b) Bank balance (c) Plant (d) Goodwill [Hints: (b) Fixed asset is an asset held with the intention of being

More information

Objective Evidence. Unit of Measurement. Accounting Period Cycle. Business Entity. Going Concern. Adequate Disclosure. Matching Expenses with Revenue

Objective Evidence. Unit of Measurement. Accounting Period Cycle. Business Entity. Going Concern. Adequate Disclosure. Matching Expenses with Revenue Accounting Concept: A source document is prepared for each transaction Objective Evidence Accounting Concept: Business transactions are stated in numbers that have common values; that is, using a common

More information

Test 2 Review - Fall 2008 Friday class ONLY Chapters 5,6,7 & 8

Test 2 Review - Fall 2008 Friday class ONLY Chapters 5,6,7 & 8 Test 2 Review - Fall 2008 Friday class ONLY Chapters 5,6,7 & 8 Name The following review includes 80 multiple choice questions of which I will choose 33 on the test. MULTIPLE CHOICE. Choose the one alternative

More information

Teacher Resource Bank

Teacher Resource Bank Teacher Resource Bank GCE Accounting Other Guidance: ACCN2 Update on IAS ACCN3 Updates on IAS (July 2012). The Assessment and Qualifications Alliance (AQA) is a company limited by guarantee registered

More information

Accounts of the sole trader

Accounts of the sole trader Unit 1 Accounts of the sole trader This unit consists of one section only: Section 1: Final accounts Section 1 Final accounts By the end of this section you should be able to: explain the position of a

More information

Completing the Accounting Cycle

Completing the Accounting Cycle C H A P T E R 4 Completing the Accounting Cycle Financial Accounting 14e Warren Reeve Duchac human/istock/360/getty Images Flow of Accounting Information (slide 1 of 5) End-of-Period Spreadsheet (Work

More information

Statement of Cash Flows

Statement of Cash Flows PREPARING THE STATEMENT OF CASH FLOWS: THE INDIRECT METHOD OF REPORTING CASH FLOWS FROM OPERATING ACTIVITIES The work sheet method described in the text book is not the recommended approach. We will provide

More information

CONTENTS CHAPTER - 1 : FINANCIAL ACCOUNTING : AN OVERVIEW

CONTENTS CHAPTER - 1 : FINANCIAL ACCOUNTING : AN OVERVIEW CONTENTS CHAPTER - 1 : FINANCIAL ACCOUNTING : AN OVERVIEW Introduction ; Evolution of accounting; Meaning of book keeping; Definition of book keeping; Characteristics of book keeping; Process of book keeping;

More information

Institute of Certified Bookkeepers

Institute of Certified Bookkeepers Making you count Institute of Certified Bookkeepers Level IV Certificate in Advanced Bookkeeping and Accounts Syllabus (Ireland) Institute of Certified Bookkeepers 1 Level IV Certificate in Advanced Bookkeeping

More information

CARIBBEAN EXAMINATIONS COUNCIL

CARIBBEAN EXAMINATIONS COUNCIL CARIBBEAN EXAMINATIONS COUNCIL REPORT ON CANDIDATES WORK IN THE CARIBBEAN SECONDARY EDUCATION CERTIFICATE JANUARY 2010 PRINCIPLES OF ACCOUNTS GENERAL PROFICIENCY EXAMINATION Copyright 2010 Caribbean Examinations

More information