Archive about 'Others'

GCE “O” Level Principles Of Accounts ( Singapore )

Syllabus Content

1.0 Double Entry System
Within the following areas, candidates should be able to:
1.1 The Double Entry System
· Explain the accounting entity, money measurement and historical concept
· Analyse business transactions using the accounting equation:
Assets=Liabilities+Owners’ Equity
· Process accounting data using the double entry system
1.2 Source Documents
· Name and state [...]

LCCI Accounting Third Level(3001)-Series 2,3 & 4

The aim of the examination is to test candidate’s

understanding of accounting information deriving from all sources-manual, mechanical and electronic
ability to prepare accounting statements and data in accordance with basic accounting conventions and current accounting practice with reference to

         – disclosure of accounting policies
         – stocks and long term contracs
         – accounting for depreciation
         – cash [...]

LCCI Bookkeeping Second Level (2006) Series 2,3&4

The aim of the examination is to test candidate’s understanding of the basic principles underlying the recording of business transactions, including the influence of Information Technology and the ability to prepare accounts for sole traders and non-trading organizations

Syllabus Content

1.0 Advanced aspects of the First Level syllabus for Bookkeeping
2.0 The ledger accounts for:
(a) Sole [...]

LCCI Bookkeeping First Level (1006) Series 2,3 and 4

The aim of the examination is to test candidate’s understanding of the basic principles underlying the recording of business transactions, including the influence of Information Technology and the ability to prepare accounts for sole traders and non-trading organizations

Syllabus Content

1.0 The recording by double entry book-keeping of simple [...]

Table/Summary/Snapshot Of Accounting Concepts/Convention

TABLE/SUMMARY/SNAPSHOT OF ACCOUNTING CONCEPTS/CONVENTION

Accounting Period
Concept

Also known as Time Period where business operation can be divided into specific period of time such as a month, a quarter or a year(accounting period)
Final accounts are prepared at the end of the accounting period ie one year. Internal accounts can [...]

Revision Notes On Activity-based costing(ABC)

Salient points On Activity-based costing(ABC)

1.0 Activity-based costing(ABC) was developed/designed during the 1980s to avoid the shortcoming of absorption costing and marginal costing.

1.1 Shortcoming of Absorption costing –produce misleading product costs

1.2 Shortcoming of Marginal costing-does not attempt to connect general overhead costs to products. Also produce misleading product costs
 

2.0  CIMA defines ABC as:
· An approach to [...]

Revision Notes on Bank Reconciliation Statement

Salient points On Bank Reconciliation Statement

1.0 Understand the objective of Bank Reconciliation Statement which is simply to reconcile the bank balance of the Cash Book with the balance in the Bank Statement

2.0  Remember that [...]

Revision Notes On Correction Of Errors

Salient points:

Know how to explain the different type of errors which do not affect the agreement of trial balance:

Error of Omission – when a transaction is completely omitted from the books
Error of Commission-when an entry has been posted to the [...]

Revision Notes On Limited Companies

Salient points:

Understand the various classes of share capital in a limited company:
Authorised, registered or nominal capital is the maximum amount of capital a company is allowed to raise from the public by the issue of share
Issued capital is that part of the authorized capital that is offered to the public for subscription
Subscribed capital is the [...]

Faster Route To Finish CAT

In Malaysia, the Education Ministry has announced that students who scored 1A and 2A in Principles of Accounting at the recent SPM examinations are entitled for exemptions for the Certified Accounting Technician(CAT) paper.
CAT is a foundation programme for the ACCA Professional Qualification. The programme provides a basic foundation in accountancy, even for those without accounting [...]