Accounting 0452

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1. 01

   Separate bookkeeping from accounting

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2. 02

   Measure profit and loss for a period

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3. 03

   Use accounting information to monitor and decide

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4. 04

   Classify assets, liabilities and owner's equity

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5. 05

   Use the accounting equation

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6. 06

   Trace how transactions change the equation

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7. 07

   Read debit and credit as account sides

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8. 08

   Post transactions to ledger accounts

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9. 09

   Balance and interpret ledger accounts

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10. 10

    Identify business documents and their evidence

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11. 11

    Trace a transaction across documents

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12. 12

    Choose the correct book of prime entry

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13. 13

    Process cash book transactions and discounts

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14. 14

    Control petty cash with the imprest system

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15. 15

    Prepare and interpret a trial balance

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16. 16

    Recognise errors a trial balance cannot expose

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17. 17

    Correct errors with journal entries

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18. 18

    Use suspense accounts to resolve trial-balance differences

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19. 19

    Update the cash book from a bank statement

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20. 20

    Prepare a bank reconciliation statement

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21. 21

    Build a sales ledger control account

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22. 22

    Record adjustments in the sales ledger control account

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23. 23

    Balance purchases ledger control accounts

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24. 24

    Distinguish capital and revenue items

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25. 25

    Correct capital and revenue misclassifications

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26. 26

    Calculate depreciation by three methods

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27. 27

    Record asset purchases and depreciation in ledger accounts

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28. 28

    Account for disposal of a non-current asset

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29. 29

    Adjust expenses for accruals and prepayments

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30. 30

    Adjust income for accruals and receipts in advance

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31. 31

    Write off and recover irrecoverable debts

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32. 32

    Create and adjust an allowance for irrecoverable debts

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33. 33

    Value inventory at the lower of cost and net realisable value

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34. 34

    Trace an inventory valuation error through profit and assets

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35. 35

    Prepare a sole-trader statement of profit or loss

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36. 36

    Prepare a sole-trader statement of financial position

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37. 37

    Adjust sole-trader statements for year-end items and drawings

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38. 38

    Prepare a partnership appropriation account

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39. 39

    Prepare partnership statements and partner accounts

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40. 40

    Classify limited-company capital and reserves

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41. 41

    Prepare limited-company financial statements

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42. 42

    Calculate prime cost and factory cost of production

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43. 43

    Prepare a manufacturing account and transfer production cost

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44. 44

    Convert club subscriptions from cash to income

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45. 45

    Prepare club income and expenditure and accumulated fund

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46. 46

    Find profit from opening and closing statements of affairs

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47. 47

    Reconstruct sales and purchases from incomplete records

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48. 48

    Use mark-up and margin to complete incomplete accounts

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49. 49

    Calculate profitability ratios and return on capital employed

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50. 50

    Calculate current and acid-test ratios

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51. 51

    Calculate inventory and settlement-period ratios

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52. 52

    Interpret ratios and compare performance across years

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53. 53

    Explain working capital and the difference between cash and profit

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54. 54

    Compare businesses using ratios with care

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55. 55

    Explain how interested parties use accounting information

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56. 56

    Evaluate the limitations of accounting statements

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57. 57

    Apply entity, duality, going-concern and measurement concepts

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58. 58

    Apply consistency, matching, prudence and realisation

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59. 59

    Apply an ethical framework to accounting decisions

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60. 60

    Use digital applications in accounting records

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61. 61

    Choose and protect sustainable accounting data storage

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These checks record your study activity and self-assessment, not a mastery score. Check the course coverage map for available lessons and remaining topics.