Save My Exams Cambridge (CIE) IGCSE Accounting Revision Notes 2025

Syllabus Edition

First teaching 2025

First exams 2027

1. The Fundamentals of Accounting

Book-Keeping & Accounting

Profit or Loss & Financial Position

The Accounting Equation

Sole Traders

Partnerships

Limited Companies

Trading, Service & Manufacturing Businesses

Sources of Finance

3. Verification of Accounting Records

The Trial Balance

Types of Errors

Correction of Errors Using Journal Entries

The Suspense Account

Error of Omission

Error of Original Entry

Error of Complete Reversal

Error of Commission

Error of Principle

Compensating Errors

Impact of Errors on Profit & Financial Position

Use of a Bank Statement

Bank Reconciliation Statements

Purpose of a Control Account

Sales Ledger Control Accounts

Purchases Ledger Control Accounts

4. Accounting Procedures

Capital & Revenue Expenditure

Capital & Revenue Receipts

Effects of Incorrect Treatment of Expenditure & Receipts

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

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 Written Off

Irrecoverable Debts Recovered

Allowance for Irrecoverable Debts

Cost & Net Realisable Value

Effects of Incorrect Valuations

5. Preparation of Financial Statements

Statement of Profit or Loss

Statement of Financial Position

Adjustments for Accumulated Depreciation

Adjustments for Allowances for Irrecoverable Debts

Adjustments for Accrued & Prepaid Expenses

Adjustments for Accrued & Prepaid Income

Adjustments to Financial Statements

Partnership Agreement

Statement of Profit or Loss

Appropriation Account

Capital & Current Accounts

Statement of Financial Position

Capital Structure of Limited Companies

Statement of Profit or Loss

Statement of Changes in Equity

Statement of Financial Position

Statement of Profit or Loss

Subscriptions Account

Receipts & Payments Account

Income & Expenditure Account

Statement of Financial Position

Costs & Inventories

Manufacturing Account

Statement of Profit or Loss & Statement of Financial Position

Incomplete Records

Statement of Affairs

Calculating Values using Control Accounts

Calculating Values using Accounting Ratios

6. Analysis & Interpretation

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Evaluating Profitability, Liquidity & Efficiency

Inter-business Comparison

Interested Parties

Limitations of Accounting Statements

7. Accounting Concepts & Modern Practice

Accounting Concepts

Ethical Framework

Digital Technology in Accounting

Storage Systems

Exam boards

Study tools

Cambridge (CIE) IGCSE Accounting · Past Papers

Cambridge (CIE) IGCSE Accounting Revision Notes

1. The Fundamentals of Accounting

2. Sources & Recording of Data

3. Verification of Accounting Records

4. Accounting Procedures

5. Preparation of Financial Statements

6. Analysis & Interpretation

7. Accounting Concepts & Modern Practice