1. The Fundamentals of Accounting

The Purpose of Accounting

Book-Keeping & Accounting

Profit or Loss & Financial Position

The Accounting Equation

2. Sources & Recording of Data

Business Documents

Introduction to Business Documents

Business Documents for Credit Transactions

Business Documents for Cash Transactions

Books of Prime Entry

Introduction to Books of Prime Entry

Cash Books & The General Journal

Double Entry Book-Keeping with Ledger Accounts

The Double Entry System

Ledgers

Recording Sale Transactions

Recording Purchase Transactions

Recording Other Transactions

Balancing Accounts

Transferring Balances to the Income Statement

Interpreting Accounts & Their Balances

The Cash & Petty Cash Books

The Cash Book

The Petty Cash Book

3. Verification of Accounting Records

The Trial Balance & Correction of Errors

The Trial Balance

Errors & Journal Entries

Errors & The Suspense Account

Impact of Errors on Profit & Financial Position

Bank Reconciliation

Use of a Bank Statement

Bank Reconciliation Statements

Control Accounts

Purpose of a Control Account

Sales Ledger Control Accounts

Purchases Ledger Control Accounts

4. Accounting Procedures

Capital & Revenue Expenditure & Receipts

Capital & Revenue Expenditure

Capital & Revenue Receipts

Depreciation & Disposal of Non-Current Assets

Depreciation

Provision for Depreciation

Disposal of Non-Current Assets

Other Payables & Other Receivables

Accrued & Prepaid Expenses

Accrued & Prepaid Income

Irrecoverable Debts & Provision for Doubtful Debts

Irrecoverable Debts

Provision for Doubtful Debts

Valuation of Inventory

The Basis of the Valuation of Inventory

Effects of Incorrect Valuations

5. Preparation of Financial Statements

Financial Statements for Sole Traders

Sole Traders

Income Statement

Statement of Financial Position

Adjustments for Provision for Depreciation

Adjustments for Provisions for Doubtful Debts

Adjustments for Accrued & Prepaid Expenses

Adjustments for Accrued & Prepaid Income

Adjustments to Financial Statements

Financial Statements for Partnerships

Partnerships

Income Statement

Appropriation Account

Capital & Current Accounts

Statement of Financial Position

Financial Statements for Limited Companies

Limited Companies

Income Statement

Statement of Changes in Equity

Statement of Financial Position

Financial Statements for Clubs & Societies

Accounts for Clubs & Societies

Subscriptions Account

Receipts & Payments Account

Income & Expenditure Account

Statement of Financial Position

Financial Statements for Manufacturing Businesses

Manufacturing Businesses

Manufacturing Account

Income Statement & Statement of Financial Position

Incomplete Records

Incomplete Records

Statement of Affairs

Calculating Values using Control Accounts

Calculating Values using Accounting Ratios

6. Analysis & Interpretation

Accounting Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Inter-firm Comparison

Interested Parties

Limitations of Accounting Statements

7. Accounting Principles & Policies

Accounting Principles & Policies

Accounting Principles

Accounting Policies

Study tools

• Cambridge (CIE) O Level Accounting · Exam Questions
• Cambridge (CIE) O Level Accounting · Past Papers

Related links

• O Level Accounting · Revision Notes
• O Level Accounting · Exam Questions
• O Level Accounting · Past Papers