Master Chief's Homeschool

596935-2023-2025-syllabus

1.1 The purpose of accounting: Starting and running a business

1.2 Assets, liabilities and capital

1.3 The accounting equation and simple statements of financial position - Part 1

1.3 The accounting equation and simple statements of financial position - Part 2

1.4 Preparing a classified statement of financial position

2.1 The effect of transactions on items in a statement of financial position

2.2 Using T accounts

2.3 Preparing ledger accounts

2.4 Using expense, purchase, sales and drawings accounts

2.5 Getting used to the new accounts

2.6 How to prepare a trial balance

2.7 Preparing simple income statements

2.8 Preparing the first part of the income statement

2.9 Preparing the second part of the income statement

2.10 How to balance the accounts

2.11 How to close the accounts

Preparing for the examination

2.12 Source documents and credit purchases

2.13 Posting the purchases journal

2.14 Recording credit sales

2.15 Trade discount

2.16 Recording purchase returns

2.17 Recording sales returns

2.18 Books of prime entry: cash book

2.19 The two-column cash book

2.20 Cash discounts

2.21 The three-column cash book

2.22 Books of prime entry: the petty cash book & 2.23 Recording petty cash payments

2.24 Preparing a petty cash book

2.25 Books of prime entry: the general journal

2.26 How to make journal entries

3.1 Errors not revealed by the trial balance

3.2 More errors not revealed by the trial balance

3.3 Errors that are revealed by the trial balance

3.4 Correcting profits and statements of financial position

3.5 Bank reconciliation statements

3.6 How to prepare a bank statement

3.7 Comparing a cash book (bank columns) with a bank statement

3.8 The reconciliation process

Preparing for the examination

3.9 Control accounts

3.10 Preparing sales and purchases ledger control accounts

3.11 Other entries in control accounts

3.12 More about preparing control accounts

4.1 The effect of inventory on gross profit

4.2 More about the income statement

4.3 How to value inventories

4.4 Capital and revenue expenditure

4.5 Capital and revenue receipts

4.6 Depreciation and the disposal of non-current assets

4.7 How to calculate depreciation

4.8 Recording depreciation in the accounts

4.9 Depreciation and the statement of financial position

4.10 Recording the disposal of a non-current asset

4.11 Adjusting expenses

4.12 Adjusting income

4.13 Preparing financial statements with adjustments to expenses and income

4.14 Irrecoverable debts and provisions for doubtful debts

4.15 Irrecoverable debts and the recovery of debts written off

4.16 Provisions for doubtful debts

4.17 Keeping a provision for doubtful debts up to date

5.1 Sole trader financial statements

5.2 More about the statement of financial position

5.3 Partnerships

5.4 Sharing profits and losses

5.5 More about sharing profits and losses

5.6 Preparing the accounting records

5.7 Partnerships statements of financial position

5.8 Limited companies

5.9 Limited companies: background

5.10 Debentures and dividends

5.11 Financial statements

5.12 Statement of changes in equity

5.13 Statement of financial position

5.14 Clubs and societies

5.15 Preparing an income and expenditure account

5.16 Subscriptions and fund-raising activities

5.17 Club statements of financial position

5.18 Manufacturing accounts

5.19 Preparing a manufacturing account

5.20 Manufacturer's financial statements

5.21 Incomplete records

5.22 Calculating profits and losses from minimal information

5.23 Preparing end-of-year financial statements from basic records

5.24 Using ratios to find missing figures

5.25 Preparing end-of-year financial statements: illustration