CIMA - C02 Fundamentals of Financial Accounting: Revision Kit

Book Cover......Page 1
Title......Page 2
Copyright......Page 3
Contents......Page 4
Revising with this Kit......Page 5
What you must remember......Page 7
How to revise......Page 8
Passing assessments......Page 10
Tackling multiple choice questions......Page 12
Dealing with OT questions......Page 13
Useful websites......Page 15
Question and Answer checklist/index......Page 16
Multiple choice questions......Page 18
1 Introduction to financial accounting......Page 20
2 Basic bookkeeping I......Page 21
3 Basic bookkeeping II......Page 23
4 Concepts......Page 24
5 Accruals and prepayments......Page 26
6 Non-current assets I......Page 29
7 Non-current assets II......Page 31
8 Bad debts and allowances for receivables......Page 32
9 Cost of goods sold and inventories I......Page 34
10 Cost of goods sold and inventories II......Page 36
11 Bank reconciliations I......Page 38
12 Bank reconciliations II......Page 41
13 Control accounts, sales tax and payroll I......Page 43
14 Control accounts, sales tax and payroll II......Page 45
15 Control accounts, sales tax and payroll III......Page 47
16 Errors and suspense accounts I......Page 49
17 Errors and suspense accounts II......Page 51
18 Errors and suspense accounts III......Page 54
19 Sole trader's accounts......Page 55
20 Limited liability companies I......Page 58
21 Limited liability companies II......Page 60
22 Incomplete records......Page 61
23 Income and expenditure accounts......Page 64
24 Manufacturing accounts......Page 68
25 Audit I......Page 70
26 Audit II......Page 72
27 Statements of cash flows......Page 74
28 Interpretation of accounts I......Page 76
29 Interpretation of accounts II......Page 78
30 Ratios I......Page 79
31 Ratios II......Page 82
Objective test questions......Page 86
1 Ledger accounting and books of prime entry I......Page 88
2 Ledger accounting and books of prime entry II......Page 90
3 Conceptual and regulatory framework......Page 91
4 Non-current assets......Page 92
5 Inventories......Page 93
6 Bank reconciliations......Page 94
7 Control accounts, sales tax and payroll......Page 96
8 Correction of errors and suspense accounts......Page 97
9 Final accounts and audit I......Page 100
10 Final accounts and audit II......Page 103
11 Interpretation of accounts I......Page 104
12 Interpretation of accounts II......Page 106
Answers to Multiple choice questions......Page 110
2 Basic bookkeeping I......Page 112
4 Concepts......Page 113
5 Accruals and prepayments......Page 114
6 Non-current assets I......Page 115
7 Non-current assets II......Page 116
8 Bad debts and allowances for receivables......Page 117
9 Cost of goods sold and inventories I......Page 119
10 Cost of goods sold and inventories II......Page 120
11 Bank reconciliations I......Page 121
12 Bank reconciliations II......Page 123
13 Control accounts, sales tax and payroll I......Page 124
14 Control accounts, sales tax and payroll II......Page 125
15 Control accounts, sales tax and payroll III......Page 126
17 Errors and suspense accounts II......Page 127
18 Errors and suspense accounts III......Page 128
19 Sole trader's accounts......Page 129
20 Limited liability companies I......Page 130
22 Incomplete records......Page 131
23 Income and expenditure accounts......Page 134
24 Manufacturing accounts......Page 137
26 Audit II......Page 138
28 Interpretation of accounts I......Page 140
29 Interpretation of accounts II......Page 141
30 Ratios I......Page 142
31 Ratios II......Page 143
Answers to Objective test questions......Page 146
1 Ledger accounting and books of prime entry I......Page 148
2 Ledger accounting and books of prime entry II......Page 150
3 Conceptual and regulatory framework......Page 151
4 Non-current assets......Page 152
6 Bank reconciliations......Page 153
7 Control accounts, sales tax and payroll......Page 154
8 Correction of errors and suspense accounts......Page 155
9 Final accounts and audit I......Page 156
10 Final accounts and audit II......Page 159
11 Interpretation of accounts I......Page 161
12 Interpretation of accounts II......Page 163
Mock assessments......Page 164
Mock Assessment 1......Page 166
Questions......Page 168
Answers......Page 178
Mock Assessment 2......Page 188
Questions......Page 190
Answers......Page 202
Review form......Page 217