Institute of Commercial Management | Qualification Subject

Accounting II

Main Topics of Study

Financial Resources and Business Planning

  • Financial resources
  • The role of the accountant

The Construction of Financial Statements

  • Calculating profits
  • Adjustments
  • Capital transactions
  • Partnership accounts
  • Company accounts
  • Cash flow statements
  • Accounts of clubs and societies

The Provision of Financial Information

  • Accounting ratios and preparing reports / SSAPs & FRSs

Planning and Decision Making Accounting for Costs

  • Manufacturing accounts

Further Accounting Issues

  • Control accounts
  • The trial balance, journal and suspense accounts
  • Incomplete records
  • The extended trial balance

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).

Recommended Reading

Main Text:

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Frank Wood’s Business Accounting 1 – Wood & Sangster (Pitman)

Indicative Text:

Alternative Text and Further Reading:

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Foundations of Business Accounting – R Dodge