Introduction to Accounting
- What is accounting?Business organisations and sources of finance
- Introducing financial statements: the profit and loss account and the balance sheet
- The role of the accountant and the accounts office
Supply Information for Management Control
- The purpose of management information
- The use of cost centres and coding of costs
- Providing comparisons on costs and income
- A brief introduction to wages
- Control accounts: sales and purchase ledger control
The Construction of Financial Statements
- Financial statements: the calculation of profits
- Adjustments: accruals, prepayments and drawings
- Adjustments: bad debts and provisions for debtors
- Depreciation of fixed assets
- Partnership accounts
- Company accounts
- Accounts of clubs and societies
- The extended trial balance
Using Accounting Information
- Accounting ratios and preparing reports
- Accounting standards: Statements of Standard Accounting Practice and Financial Reporting Statements (SSAPs and FRSs)
- Accounting for stocks
- Manufacturing accounts
- Marginal costing
- Budgeting
Example Candidate Response Booklet
Example Candidate Response (ECR) Booklets are a source of crucial information for Centres and Candidates as they use real candidate responses. We ask Senior Examiners to comment on five or more responses in terms of why the mark was awarded with commentary about how to improve the answer (if necessary).
