Olevel Accounting home tuition teacher in karachi & pakistan

Tel: 923152507656

Basic principles

•           Role of accounting

•           The Double Entry system of book-keeping

•           Documentary records

•           Books of prime entry

•           The Cash Book

•           The General Journal

•           The Ledger

•           The Trial Balance

•           Adjustments to ledger accounts

Accounting procedures

•           Capital and revenue expenditure and receipts

•           Accounting for depreciation

•           Correction of errors

•           Control accounts

Coures of Olevel Accounting home tuition teacher in karachi & pakistan

Financial statements

•           Income statements

•           Statements of Financial Position

Preparation of financial statements

•           Sole trader

•           Partnership

•           Clubs and societies

•           Incomplete records

•           Limited liability companies

•           Manufacturing accounts

Payroll accounting

•           Payroll records

•           Book-keeping entries for payroll

Advanced principles

•           Financial relationships (ratio analysis)

•           Accounting principles

 Preparation of financial statements

Within the following areas the candidate should be able to:

 Sole trader

•           explain the difference between a trading and service business

•           prepare income statements and statements of financial position for trading businesses

•           prepare income statements and statements of financial position for service businesses

•           make adjustments for provision for depreciation using the straight-line, diminishing (reducing) balance

and revaluation methods

•           make adjustments for provisions for bad and doubtful debts

•           make adjustments for other payables and other receivables to take account of accrued and prepaid

expenses and outstanding and prepaid income

•           make adjustments for goods taken by owner for own use

Contact Olevel Accounting home tuition teacher in karachi & pakistan

Tel: 923152507656

Partnership

•           explain the advantages and disadvantages of forming a partnership

•           outline the importance and contents of a partnership agreement

•           explain the purpose of an appropriation account

•           prepare income statements, appropriation accounts and statements of financial position

•           explain the uses of and differences between equity (capital) and current accounts

•           draw up partners’ current and capital accounts both in ledger form and as part of a statement of financial

position presentation

•           show the treatment of interest on capital, partners’ salaries, interest on partners’ loans and on drawings

•           make simple entries for the formation of a partnership via capital contribution by each partner in cash

and/or non-cash assets and amalgamation of two sole traders, including the calculation and recording of

intangible assets

•           make the other adjustments as detailed under 6.4.1 as appropriate

Questions will not be set on the dissolution of partnership.

6.4.3 Clubs and societies

•           distinguish between receipts and payments accounts and income and expenditure accounts

Olevel Accounting home tuition teacher in karachi & pakistan

             prepare accounts for the following – receipts and payments, revenue generating activities,

e.g. refreshments, and subscriptions

•           define and calculate the accumulated fund

•           prepare income and expenditure accounts and statements of financial position

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