A LevelAccountingCambridge (CIE)Revision Notes

Cambridge (CIE) A Level Accounting Revision Notes

Exam code: 9706

Concise resources for the Cambridge (CIE) A Level Accounting course.

Fundamentals of Financial Accounting

Sole Traders, Partnerships & Limited Companies

Sources of Finance

The Accounting Process

Transactions with Cash, Credit & Discounts

Books of Prime Entry

The Accounting Equation

The Double Entry System

Double Entry for Sale Transactions

Double Entry for Purchase Transactions

Double Entry for Dishonoured Cheques

Double Entry for Refunds

Double Entry for Other Transactions

Balancing Accounts

Interpreting Accounts and Their Balances

Transferring Balances at the End of an Accounting Period

Accounting Concepts

Computerised Accounting Systems

Full & Incomplete Records

Capital & Revenue Expenditure

Capital & Revenue Income

Effects of Incorrect Treatment of Expenditure & Income

Introduction to Depreciation

Straight-Line Method of Depreciation

Reducing Balance Method of Depreciation

Revaluation Method of Depreciation

Provision for Depreciation

Profit or Loss on a Sale of a Non-Current Asset

Disposal Account

Journal Entries for Non-current Assets

Matching Costs & Revenues

Accrued & Prepaid Expenses

Accrued & Prepaid Incomes

Amount Due & Amount Paid/Received

Expense Accounts with Accruals & Prepayments

Income Accounts with Accruals & Prepayments

Irrecoverable Debts

Allowance for Irrecoverable Debts

Methods of Reconciliation & Verification

The Trial Balance

Types of Errors

Correction of Errors Using Journal Entries

Omission, Original Entry, Reversal, Commission, Principle & Compensating Errors

The Suspense Account

Sales Ledger Control Accounts

Purchases Ledger Control Accounts

Reconciliation Statements Between Control & Ledger Accounts

Using a Bank Statement to Update the Cash Book

Bank Reconciliation Statements

Impact of Errors on Profit & Financial Position

Adjustments for Depreciation

Adjustments for Allowances for Irrecoverable Debts

Adjustments for Accrued & Prepaid Expenses

Adjustments for Accrued & Prepaid Income

Adjustments for Inventory Valuation

Adjustments to Financial Statements

Statement of Profit or Loss

Statement of Financial Position

Statement of Affairs

Calculating Values using Control Accounts

Calculating Values using Accounting Ratios

Partnership Agreement & Partnership Act 1890

Statement of Profit or Loss

Appropriation Account

Capital & Current Accounts

Statement of Financial Position

Share Capital & Reserves

Ordinary Shares & Debentures

Rights & Bonus Issues

Statement of Profit or Loss

Statement of Changes in Equity

Statement of Financial Position

Journal Entries for Equity Accounts

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Evaluating Profitability, Liquidity & Efficiency

Limitations of Accounting Information

Fundamentals of Cost & Management Accounting

FIFO (First In First Out) Method

AVCO (Weighted Average Cost) Method

JIT (Just In Time) Management of Inventory

Introduction to Absorption Costing

Allocation & Apportionment of Overheads

Overhead Absorption Rates

Unit, Job & Batch Costing

Costing Statements for Selling Price

Profit Statements

Uses & Limitations of Absorption Costing

Introduction to Marginal Costing

Marginal Costing Statement

Reconciliation between Profit Statements

Management Decision-Making

Uses & Limitations of Marginal Costing

Break-even Analysis

Cost-Volume-Profit Analysis

Cost & Management Accounting

Introduction to Activity Based Costing

Costing Statements using ABC

Uses & Limitations of Activity Based Costing

Study tools

Cambridge (CIE) A Level Accounting · Past Papers

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