Advanced Level Accounting Notes

///Advanced Level Accounting Notes
Advanced Level Accounting Notes2018-07-15T09:19:25+00:00
Most Form 5 Accounting Notes are identical to O level Notes. Please click here to access them. We are starting with Cost and Management Accounting Notes first

ZIMSEC Advanced Level Accounting Notes

  1. Users of accounting information and their information needs
  2. Business Ethics
  3. Types of business organisations
  4. Branches of accounting
  1. The historical cost convention
  2. The concept of money measurement
  3. The principle of substance over form
  4. The realisation concept
  5. The prudence concept
  6. The matching (accruals) concept
  7. The concept of materiality
  8. The consistency concept
  9. The going concern concept
  1. Accounting for Income
  2. Account for Expenses
  3. Prepayments
  4. Accruals
  5. Accruals and prepayments
  6. Accounting for Assets and Liabilities
  7. Provision for depreciation
  8. Disposal of Assets
  9. Bad debts
  10. Provision for doubtful debts
  1. Errors which do not affect the Trial Balance
  2. Errors that affect the trial balance and suspense accounts
  3. Journal Entries to correct errors
  4. Errors and Gross Profit
  5. Errors and net profit
  6. Errors and working Capital
  1. Purchases and Sales Control Accounts
  2. Reconciliation of personal ledger balances to control account balances
  3. Updated cash book
  4. Bank reconciliation statements
  5. Treatment of bank overdraft
  6. Errors in the cash book and on bank statements
  1. Statements of Profit and Loss
  2. Statements of changes in equity of companies
  3. Capital and current accounts of partnerships
  4. Statements of financial position of sole proprietors,partnerships and companies
  5. Statements of cash flows (IAS7)
  6. Notes to financial statements
  7. Directors’ reports
  8. Auditors’ reports
  1. Statements of affairs
  2. Statements of profit and loss and other comprehensive income
  3. Profit estimation
  4. Statements of financial position
  1. Types of shares
  2. Raising and repayment of share capital
  3. Bonus issue
  4. Rights issue
  5. Share premium
  6. Raising and repayment of loans
  7. Extracts of statements of financial position
  8. Capital Redemption Reserve accounts
  1. Raising and repayment of loans
  2. Extracts of statements of financial position
  1. Companies taking over sole proprietors or partnerships
  2. Business purchase accounts
  3. Journal entries
  4. Statements of financial position after purchase
  1. Types of shares
  2. Loan stocks
  3. Convertible loan stocks
  1. Partnership changes
  2. Goodwill and revaluation of assets
  3. Financial statements
  4. Partnership dissolution
  5. Realisation accounts
  6. Capital and current accounts
  1. Manufacturing accounts
  2. Manufacturing profit
  3. Unrealised profit
  4. Statements of profit and loss and other comprehensive income
  5. Statements of financial position
  1. Costs and ancillary income
  2. Departmental statements of profit and loss and other comprehensive income
  3. Statements of financial position
  1. Sources of Income
  2. Income statements for income generating activities
  3. Income and expenditure accounts
  4. Accumulated funds
  5. Statements of financial position
  1. International Accounting Standards (IAS)
  2. 1 Presentation of financial statements
  3. 2 Inventories
  4. 7 Statements of cash flows
  5. 8 Accounting policies, changes in accounting estimates and errors
  6. 10 Events after the reporting period
  7. 16 Property, plant and equipment
  8.  36 Impairment of assets
  9. 38 Intangible assets
  1. Profitability Ratios
  2. Financial Ratios
  3. Investment Ratios
  1. Overhead apportionment, allocation and allotment
  2. Overhead Absorption
  3. Under and Over Absorption
  4. Statements of Profit
  5. Uses and Limitations of Absorption Costing

Marginal Costing