1.1 Background into accounting
1.2 Introduction to financial statements
1.3 The accounting process
Quiz 1
2.1 Elements of the Statement of Financial Position
2.2 Statement of financial position
Quiz 2
3.1 Elements of the statement of profit and loss
3.2 Statement of profit and loss
Quiz 3
4.1 Basic Accounting Equation examples
4.2 Introduction to T accounts
4.3 Examples of posts to the ledger accounts
4.4 Balancing ledger accounts
4.5 Introduction to trial balance
5.1 Introduction to subsidiary journals
5.2 Introduction to VAT
Quiz 5
6.1 Introduction to adjustments
6.2 Adjustment examples
Quiz 6
7.1 Closing off procedures
7.2 Mark up and gross profit percentages
Quiz 7
8.1 cash and bank reconciliation
8.2 Petty cash journal
Quiz 8
9.1 Introduction to trade and other receivables
9.2 Settlement discount
9.3 Credit losses
9.4 Increasing allowance for credit losses
9.5 Decreasing allowance for credit losses
9.6 Credit losses recovered
9.7 Reversal of VAT for credit losses
9.8 Credit card transactions
Quiz 9
10.1 Introduction to inventory
10.2 FIFO method
10.3 Weighted average
10.4 retail method for estimating cost of sales
Quiz 10
11.1 Introduction to non-current assets
11.2 Introduction to depreciation
11.3 Examples of calculating depreciation
11.4 Disposal of an asset
11.5 Internal control and disclosure of non-current asset
Quiz 11
12.1 Intangible and financial non-current assets
12.2 Investment in financial assets examples
Quiz 12
13 Introduction to current liabilities
Quiz 13
FAC1502 Chapter 14 Non current liabilities
Quiz 14
15 Sole proprietorship
16 Non profit entities
Quiz 16
17 Incomplete records
Quiz 17
