114 Accounting A Level Revision Notes

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SECTION 1 AS LEVEL – FINANCIAL ACCOUNTING
1 AS LEVEL – FINANCIAL ACCOUNTING 4
1.1 BAD & DOUBTFUL DEBTS 5
1.2 ACCOUNTING FOR NON-CURRENT ASSETS 5
1.3 BANK RECONCILIATION STATEMENT 16
1.4 ACCOUNTING CONCEPTS 17
1.5 CAPITAL AND REVENUE 23
1.6 SUSPENSE ACCOUNT 24
1.7 CONTROL ACCOUNTS 26
1.8 FINANCIAL STATEMENTS OF SOLE TRADERS 30
1.9 ACCOUNTS FROM INCOMPLETE RECORDS 32
1.10 FINANCIAL STATEMENTS OF PARTNERSHIP 35
1.11 PARTNERSHIP CHANGES 41
1.12 RATIO ANALYSIS – AS LEVEL 45
2 AS LEVEL – COST ACCOUNTING 55
2.1 INVENTORY VALUATION 56
2.2 LABOUR COSTING 61
2.3 ABSORPTION COSTING 66
2.4 MARGINAL & ABSORPTION COSTING 75
2.5 COST CONCEPTS & CLASSIFICATIONS 78
2.6 BREAK-EVEN & PROFIT VOLUME ANALYSIS 80
2.7 MARGINAL COSTING DECISION MAKING 84
2.8 ACCOUNTING FOR LIMITING FACTORS 92
2.9 ACCOUNTS FROM INCOMPLETE RECORDS 95
3 AS & A2 LEVEL – COMMON TOPICS 98
3.1 PARTNERSHIP DISSOLUTION 99
3.2 FINANCIAL STATEMENTS OF COMPANIES 102
3.3 ISSUE OF SHARES & DEBENTURES 114
3.4 STATEMENTS OF CASH FLOWS 125
3.5 BUSINESS FINANCING 130
4 A2 LEVEL – FINANCIAL ACCOUNTING 147
4.1 ACCOUNTS OF NON PROFIT ORGANISATIONS 148
4.2 INTERNATIONAL ACCOUNTING STANDARDS 155
4.3 AUDITING 165
4.4 RATIO ANALYSIS - SUPPLEMENT 173
4.5 PURCHASE OF BUSINESS 180
4.6 ACCOUNTING FOR JOINT VENTURES 184
4.7 CONSIGNMENT 187
4.8 COMPUTERIZED ACCOUNTING 190
4.9 MANUFACTURING ACCOUNTS 198
5 A2 LEVEL – COST ACCOUNTING 204
5.1 ACTIVITY BASED COSTING 205
5.2 BUDGETING 211
5.3 STANDARD COSTING 220
5.4 CAPITAL INVESTMENT APPRAISAL 232
1.1 BAD & DOUBTFUL DEBTS 5
1.2 ACCOUNTING FOR NON-CURRENT ASSETS 8
1.3 BANK RECONCILIATION STATEMENT 16
1.4 ACCOUNTING CONCEPTS 17
1.5 CAPITAL AND REVENUE 23
1.6 SUSPENSE ACCOUNT 24
1.7 CONTROL ACCOUNTS 26
1.8 FINANCIAL STATEMENTS OF SOLE TRADERS 30
1.9 ACCOUNTS FROM INCOMPLETE RECORDS 32
1.10 FINANCIAL STATEMENTS OF PARTNERSHIP 35
1.11 PARTNERSHIP CHANGES 41
1.12 RATIO ANALYSIS – AS LEVEL 45