
Learn the accounting equation: assets equal capital plus liabilities, with capital as equity; see assets funded by owner investment or loans and the steps from daybooks to financial statements.
Master the dead clic trick to remember debit and credit items, linking assets and drawings to debits and liabilities, income, capital, and expenses to credits.
Learn the double entry bookkeeping method by practicing debit and credit with real examples of purchases, sales, cash and bank transactions, rent, and credit sales using T accounts.
Balance accounts by totaling both sides, identify the bigger side, and record the balancing figure as balance c/d and balance b/d with the date 30th April.
Explore how debits and credits drive the accounting cycle from source documents to double-entry ledgers and a trial balance that verifies ledger accuracy for financial statements.
Prepare SPL and SFP for a sole trader by placing items under correct headings and calculating cost of goods sold from opening inventory, purchases, and closing inventory in final accounts.
explains preparing a manufacturing account for Ellem Ltd for year end 31 March 2016, covering opening and closing inventories, depreciation, rent apportionment, transfer pricing, and unrealized profit.
Understand budgeting concepts, including fixed (master) and flexible budgets, and analyze favorable and adverse variances for planning, control, and decision making.
Build a 2009 cash flow statement by analyzing operating, investing, and financing activities from opening and closing balance sheets, using depreciation and asset notes to compute net cash.
Learn to prepare partnership appropriation and current accounts by quantifying profit, allocating salaries, interest on capital, and drawings, then sharing residual profit at 60/40 for Alex and Ben.
Compute the margin of safety by subtracting breakeven from budgeted sales; in the example, 5000 budgeted minus 3800 breakeven equals 1200 units, about 24%.
Determine target profit, or required profit, by computing how many units to sell to reach a target profit. With fixed costs 5700 and contribution per unit 1.5, about 10,467 units.
Compute budgeted production costs for 60,000 units using absorption and marginal costing, accounting for material, direct labor, variable and fixed overhead, and derive per-unit costs.
Course Information
This A' Level Accounting Course will help you to understand the responsibilities of the accountant and the impacts of their recommendations on the business and the wider environment. You will build knowledge and understanding of key concepts, principles and techniques that they can apply to real-life scenarios, developing the ability to solve problems logically, analyse data methodically, make reasoned choices and communicate effectively.
This course is designed to build naturally on GCSE understanding with minimal duplication of content.
Description
all our course features:
Expert tuition by a fully qualified teacher.
The course has been written for us by our tutor who has based the materials on the best practices available in teaching and learning. Included in your two year access to the online course are:
Interactive, online lessons.
Embedded videos
Integrated assessments giving immediate feedback
Tutor Marked Assessments based on past papers
Discussion forums
Tutor messaging/ help system
Progress monitor
Who is this course for?
This course is for anyone wishing to gain a A-Level in accounting and is suitable both for returning learners and those engaging with accounting for the first time.
The course has been created to help students overcome any fears they may have about science and any lack of self confidence. In fact, the course creates success by focusing on increasing the confidence of learners.
Please note, you will need to arrange your own exams with an exam centre.
The exam centre will charge a fee; this should be in the range of £80 - 120, depending on the exam centre.
Most schools and colleges are happy to take private candidates for the exams.