Cambridge International AS/A level Accounting Revision Guide

Cover
Book title
Contents
AS topics
Financial accounting
	1 The accounting cycle
		Double-entry book-keeping
		Principles, concepts and conventions
	2 Accounting for non-current assets
		The distinction between capital and revenue incomes and expenditures
		The calculation of depreciation
		Disposal of non-current assets
	3 Reconciliation and verification
		The trial balance
		Bank reconciliations
		Control accounts
		Reconciling control accounts with ledgers
	4 Preparation of financial statements
		Adjustments to income statements and statements of financial position
		Sole traders
		Partnerships
		Limited companies
	5 Analysis and communication of accounting information to stakeholders
		Users of financial statements
		Calculation of ratios
		The limitations of accounting information
Cost and management accounting
	6 Costing for materials and labour
		Cost classification
		Valuation of closing inventory — principles and methods
	7 Traditional costing methods
		Absorption costing
		Marginal costing
	8 Cost–volume–profit analysis
		Methods of determining break-even
		The advantages of cost–volume–profit analysis
		Costing systems
	9 The application of accounting to business planning
		The purpose of budgeting
		Advantages and disadvantages of budgetary control
	AS questions and answers
A level topics
Financial accounting
	10 Preparation of financial statements
		Manufacturing accounts
		Not-for-profit organisations
		Limited companies
		International Accounting Standards
	11 Auditing and stewardship of limited companies
		The role of an auditor
		The role of directors
	12 Business purchase and merger
		Purchase of an unincorporated business by a limited company
		Merger of unincorporated businesses to form a partnership
		Purchase of a partnership by a limited company
		Purchase of assets and assumption of liabilities
		Evaluating a business with a view to acquiring it
	13 Consignment and joint venture accounts
		Consignment accounts
		Joint ventures
	14 Computerised accounting systems
		Information technology
		Spreadsheets
		Users of accounting information
		Advantages and disadvantages of introducing a computerised accounting system
		The process of computerisation
	15 Analysis and communication of accounting information
		Ratios to aid the appraisal of financial structure
		Gearing and capital structures
		Stock exchange (investment) ratios
Cost and management accounting
	16 Activity-based costing
		Activity as a basis for apportioning overheads
		Inventory valuation
		Advantages and disadvantages of using an activity-based costing system
	17 Budgeting and budgetary control
		The preparation of budgets
		Principal budget factors and the flexing of budgets
	18 Standard costing
		Cost standards for unit costs
		Variance analysis
	19 Investment appraisal
		The need for appraisal of capital projects
		Methods of appraisal
		Other considerations affecting investment decisions
	A level questions and answers
Now test yourself answers