Laura Bellini
Classification: Paper 2
Page count: 24
Viewed: 260
Last update: 5 months ago
Crash report
Accounting 7707/22 Oct Nov 2024
1. Cash Book & Ledger Maintenance | Recording business transactions in a cash book, preparing a trade receivables ledger account, interpreting bank balances.
2. Capital & Profit Calculations | Computing opening and closing capital, adjusting for capital introduced and drawings, calculating annual profit.
3. Sales, Purchases & Credit Transactions | Determining total credit purchases and sales, analyzing bookkeeping costs, evaluating the need for a professional bookkeeper.
4. Provision for Doubtful Debts & Accounting Principles | Applying the prudence concept, assessing its impact on financial statements, making journal adjustments.
5. Non-Profit Organization Accounting | Preparing café income statements, maintaining a subscriptions account, compiling an income and expenditure account.
6. Company Accounting & Equity Management | Differentiating public vs. private companies, preparing a statement of changes in equity, recording share dividends.
7. Financial Position & Capital Raising Decisions | Extracting equity and reserves, evaluating funding options between issuing shares and debentures.
8. Financial Ratios & Liquidity Analysis | Calculating inventory, trade receivables, and payables turnover, assessing business liquidity and financial efficiency.
9. Credit Control & Receivables Management | Evaluating the use of a debt collection agency, suggesting alternative strategies for reducing receivables turnover.
10. Error Corrections & Accounting Adjustments | Journal entries for personal use of inventory, effects on profit and capital, rectifying financial misstatements.
2. Capital & Profit Calculations | Computing opening and closing capital, adjusting for capital introduced and drawings, calculating annual profit.
3. Sales, Purchases & Credit Transactions | Determining total credit purchases and sales, analyzing bookkeeping costs, evaluating the need for a professional bookkeeper.
4. Provision for Doubtful Debts & Accounting Principles | Applying the prudence concept, assessing its impact on financial statements, making journal adjustments.
5. Non-Profit Organization Accounting | Preparing café income statements, maintaining a subscriptions account, compiling an income and expenditure account.
6. Company Accounting & Equity Management | Differentiating public vs. private companies, preparing a statement of changes in equity, recording share dividends.
7. Financial Position & Capital Raising Decisions | Extracting equity and reserves, evaluating funding options between issuing shares and debentures.
8. Financial Ratios & Liquidity Analysis | Calculating inventory, trade receivables, and payables turnover, assessing business liquidity and financial efficiency.
9. Credit Control & Receivables Management | Evaluating the use of a debt collection agency, suggesting alternative strategies for reducing receivables turnover.
10. Error Corrections & Accounting Adjustments | Journal entries for personal use of inventory, effects on profit and capital, rectifying financial misstatements.