Main Topics of Study:

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