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Accounting (XAC11)
3 sections available · 15 chapters available
Free Accounting (XAC11) study notes for Pearson Edexcel International AS Level students. Each chapter below covers a key topic with worked examples and practice prompts you can take into the thinka app.
Unit 1: Principles, double entry and control
Principles of accounting and double entry bookkeeping
Accounting concepts and conventions
Capital and revenue expenditure
Depreciation and disposal of non-current assets
Control procedures: trial balance, control accounts and correction of errors
Unit 1: Financial statements of organisations
Sole trader financial statements and year-end adjustments
Departmental accounts and incomplete records
Partnership accounts
Clubs and non-profit-making organisations
Manufacturing accounts
Unit 1: Costing, analysis and ethics
Introduction to costing: inventory valuation
Labour costs and methods of remuneration
Overhead costs, absorption and job costing
Analysis of accounting statements
Social and ethical accounting
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