16.6 Dividends A.Basic concepts ●Dividends are the share of profits paid out to shareholders. ●Dividends on preference shares are a fixed ...
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16.7 Financial Statements ●The statement of financial position (Balance Sheet) Example Statement of financial position at 31 December 2004 ...
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16.5 Income Tax ●Companies are charged income tax on their profit ●Accounting for income tax is initially based on estimates, since a comp ...
2015-04-02 13:04
16.3 Rights issue and bonus issue ●Rights issue: The offer of new shares to existing shareholders in proportion to their present shareholdi ...
2015-04-02 13:0415.2 Net assets approach Accounting equation: Capital = Net assets Movements in capital during the accounting period: Opening capital + Capi ...
2015-04-02 13:0414.4 Material errors (IAS 8) A.errors discovered during the current period which relate to a prior period may arise through: - mathematical ...
2015-04-02 13:04Session 15 Incomplete records Main contents: 1.The circumstances that lead to incomplete records 2.Net assets approach 3.Reconstruction of f ...
2015-04-02 13:04
15.3 Reconstruction of financial statements Where limited financial information has been kept, it is possible to reconstruct the financial s ...
2015-04-02 13:0416.4 Loan notes: ●A limited company can raise fund by issuing loan notes. ●A loan note is a document that is evidence of a debt. ●A perso ...
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14.2 Suspense account and the trial balance ●A suspense account is an account showing a balance equal to the difference in a trial balance. ...
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14.3 Adjustment to profit: The correction journal may result in a change in profit, depending on the whether the debits or credits the incom ...
2015-04-02 13:0413.2 Difference between the bank statement and the cash bank Three types of difference may be found: Items recorded in the bank statement (b ...
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13.3 Preparing a bank reconciliation The bank statement should be adjusted for these items: Balance per bank statement X Less: outstanding/ ...
2015-04-02 11:04Session 14 Correction of errors Main contents: 1.Types of errors 2.Suspense account 3.Adjustments to profit 4.Material errors (IAS18) 14.1 T ...
2015-04-02 11:04
12.5 The mechanism of a control account reconciliation: ●A list of individual balances is prepared from the personal ledger. ●The total of ...
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12.4 Purchase(payable) ledger control account is used to record the total liability to credit suppliers in the general ledger. The source of ...
2015-04-02 11:04
Session 16 Company accounts Main contents: 1.Characteristics of limited companies 2.Share capital 3.Right issue and bonus issue 4.Loan notes ...
2015-04-02 11:04
12.3 Summary of Sales (receivables) ledger control account is used to record the total amount owed by credit customers in the general ledger ...
2015-04-02 11:0412.2 Supplier statements and reconciliation Supplier statements ●Supplier statements are issued by suppliers to summarize the transactions ...
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11.3 Day books Sales day book: - The book for credit sales. The typical format of a sales day book is as follows: Date Invoice Customer Ledg ...
2015-04-02 11:0411.4 The cash book and petty cash ●Cash book- the cash book deals with money paid into and out of the business bank account. ●Bank stateme ...
2015-04-02 11:0411.6 Posting from the day books to the ledgers: From the sales journal, the total sales for the month are credited to the sales account and ...
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11.5 Ledger accounts and the division of the ledger The general ledger contains all accounts or a summary of all accounts necessary to produ ...
2015-04-02 10:04Session 12 Control accounts and Reconciliations Main Contents: 1.Control accounts 2.Supplier statement and reconciliation 3.Summary of sales ...
2015-04-02 10:04小编导读：一提到考试，很多同学就捶胸顿足，如何快乐高效的学习？那就需要一定的方法，学累的时候，要进行一定的放松，下面小编为大家介绍几种方法， ...
2015-04-01 17:04小编导读：如何能快捷的通过ACCA？这是ACCA考生的疑问，下面小编整理了ACCA考试的一些主要特点，根据这些特点，希望大家能够找到适合自己的学习方法。 ...
2015-04-01 17:04小编导读：很多人人因为ACCA在英语能力、毅力恒心方面的高要求，而迟迟不敢下定决心投入学习，其实，在中国仍然有越来越多的ACCA学员毕业，在他们眼中 ...
2015-04-01 17:0411.2 Accounting records Data Sources Books of prime entry Ledger accounts Trial balance Financial Statements Problem: numerous transactions ...
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10.3 From trial balance to financial statements Example: The trial balance of Tyndall at 31 May 20x6 is as follows: Trial balance of Tyndall ...
2015-04-01 15:04
Session 11 Books of prime entry and control accounts Main contents: 1.Business Documentation 2.Accounting records 3.Day books 4.The cash boo ...
2015-04-01 14:04
