Financial Accounting
Build accurate double-entry records and interpret basic financial statements.
- 01
The accounting equation and double entry
Accounting records and communicates financial information about an identifiable entity.
45 min
- 02
Journals, ledgers and the trial balance
A source document provides evidence for a transaction.
45 min
- 03
Profit, accruals and financial statements
Financial statements organise accounting information to show performance and financial position.
45 min
- 04
Bank reconciliation and depreciation
A cash book and a bank statement may show different balances even when neither contains an error.
45 min
- 05
Source documents, day books and cash books
Trace evidence into appropriate books, separate cash from credit and prepare petty-cash and discount entries.
50 min
- 06
Errors, suspense and control accounts
Classify bookkeeping errors, correct the actual postings and reconcile ledger-control totals.
50 min
- 07
Incomplete records and nonprofit accounts
Reconstruct profit from missing records and distinguish cash summaries from accrual-based nonprofit performance.
50 min
- 08
Partnership accounts, changes and dissolution
Allocate partnership profit, distinguish capital and current accounts and account for revaluation and realisation.
50 min
- 09
Company capital and manufacturing accounts
Separate owners from lenders and calculate production cost before interpreting company performance.
50 min
- 10
Financial ratios, digital records and public-sector accountability
Interpret ratios cautiously, understand digital accounting controls and distinguish public financial roles.
50 min
- 11
Inventory valuation and cost-flow methods
Calculate issue and closing values while distinguishing syllabus exercises from current reporting rules.
50 min
- 12
Departmental, branch and joint-venture accounts
Allocate shared costs, reconcile internal accounts and measure a temporary venture without double counting internal profit.
50 min
- 13
Accounting purpose, ethics and professional institutions
Distinguish bookkeeping from accounting, identify users and branches, and apply professional principles to practical dilemmas.
50 min
Expanded major-topic preparation with original explanations and practice. Detailed exam/year syllabus reconciliation and independent specialist review remain required; no claim of complete official syllabus coverage.