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Accounting (YAC11)
7 sections available · 25 chapters available
Free Accounting (YAC11) study notes for Pearson Edexcel International A Level students. Each chapter covers a key topic with examples and practice prompts you can continue inside the thinka app.
The Accounting System and Costing
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
Corporate and Management Accounting
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
Unit 2: Corporate accounting
Limited companies: financial statements and capital structure
Purchase and merger of limited companies
Statement of cash flows
Investment ratios
Unit 2: Management accounting
Budgeting
Standard costing and variance analysis
Project appraisal
Break-even analysis
Marginal costing and absorption costing
Information and communication technology (ICT) in accounting
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