| Content |
Detail |
| Legal forms of organisation and the Finance Function | • Different types of organisation incorporating formation, legal requirements and advantages and disadvantages.
• Nature and purpose of accounting
• Business organisation types
• Users of accounting information and their needs
• The regulatory framework of accounting |
| Prepare Financial Statements | • Income Statement and Statement of Financial Position preparation
• The accruals concept
• Key accounting concepts
• Bad debts and the provision for bad debts
• Provision for discounts
• Accruals and prepayments |
| Depreciation of Fixed Assets | • Capital and Revenue Expenditure
• Fixed Assets and Depreciation
• Calculation and accounting for Depreciation
• Accounting for disposal of asset.
|
| Departmental Accounts | • Gross profit method
• Departmental profit method
• Net profit method
• Cost apportionment |
| Ratio Analysis | • Performance measurement through ratio analysis.
• Key operating ratios
• Ratios appraising profitability, management efficiency, liquidity, capital structure.
• Industry operating ratios.
• Limitations of ratio analysis.
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