Grade 12 Accounting Basic

1. Topic 1 - Accounting concepts
2. Topic 1 - Accounting principles and policies
3. Multiple choice questions
1. 1. Topic 2 - Irrecoverable debts and allowances for irrecoverable debts
2. 2. Topic 2 - Irrecoverable debts and allowances for irrecoverable debts - Case 1
3. 3. Topic 2 - Irrecoverable debts and allowances for irrecoverable debts - Case 2
4. 4. Topic 2 - Irrecoverable debts recovered
5. 5. Topic 2 - Allowances for irrecoverable debts
6. 6. Topic 2 - Allowances for irrecoverable debts - Case 1
7. 7. Topic 2 - Allowances for irrecoverable debts - Case 1 Solution
8. 8. Topic 2 - Allowances for irrecoverable debts - Case 2
9. 9. Topic 2 - Allowances for irrecoverable debts - Case 2 Solution
10. 10. Topic 2 - Allowances for irrecoverable debts - Case 3
11. 11. Topic 2 - Allowances for irrecoverable debts - Case 3 solution
12. Multiple choice questions
13. Course in PDF
1. 1. Topic 3 - Capital expenditure
2. 2. Topic 3 - Revenue expenditure
3. 3. Topic 3 - Capital income and Revenue income
4. 4. Topic 3 - Distinguishing characteristics and Effect of wrong treatment
5. Multiple choice questions
6. Course in PDF
1. 1. Types of business entity-Factors considered when choosing the business type
2. 2. Types of business entity- Sole trader
3. 3. Types of business entity- Partnership
4. 4. Types of business entity- Limited liability company
5. 5. Types of business entity- Financing of business entities
6. 6. Business types compared
7. 7. Summary of accounting system
8. Exercise 1
9. Exercise 2
10. Exercise 3
11. Exercise 4
12. Exercise 5
13. Course in PDF
1. 1. The personal ledger
2. 2. Sample of personal ledger
3. 3. The control account
4. 4. Sales ledger control account
5. 5. The format of a receivables control account
6. 6. The format of a payables control account
7. 7. Uses of control account and Limitations of control accounts
8. 8. The control account - Worked example
9. 9. Reconciliation of ledger balance with control account
10. 10. Reconciliation of ledger balance with control account - Worked example
11. 11. Bank reconciliation statement
12. 12. Bank reconciliation statement - Worked example
13. Exercise 1
14. Exercise 2
15. Exercise 3
16. Exercise 4
17. Exercise 5
18. Exercise 6
19. Course in PDF
1. 1. IAS 2 - Inventories
2. 2. Fundamental principles
3. 3. IAS 2 - Inventories Example
4. 4. Effect on wrong valuation of inventory on profit
5. 5. Late inventory count
6. 6. Late inventory count - Worked Example
7. 7. Goods destroyed by fire- Worked Example
8. 8. Inventory valuation method
9. 9. FIFO method for inventory valuation - Worked Example
10. 10. AVCO method for inventory valuation - Worked Example
11. 11. LIFO - Last in first out
12. 12. Disclosure requirements in respect to inventories in published financial statements
13. 13. Computerised accounting system
14. Exercise 1
15. Exercise 2
16. Exercise 3
17. Exercise 4
18. Exercise 5
19. Course in PDF
1. 1. Statement of profit or loss and Statement of financial position of a sole trader part 1
2. Exercise 1
3. 2 .Statement of profit or loss and Statement of financial position of a sole trader part 2
4. Exercise 2
5. Exercise 3
6. Course in PDF
1. 1 .Statement of profit or loss and Statement of financial position of a partnership part 1
2. 2 .Statement of profit or loss and Statement of financial position of a partnership part 2
3. Exercise 1
4. 3. Statement of profit or loss and Statement of financial position of a partnership part 3
5. Exercise 2
6. Exercise 3
1. 1. Incomplete records and single entry
2. 2. Incomplete records and single entry - Example 1 and solution
3. Exercise 1
4. 3. Incomplete records and single entry - Drawings
5. Exercise 2
6. 4. Incomplete records and single entry- Full set of final accounts
7. 5. Incomplete records and single entry- Question 1
8. 6. Worked example solution (Part 1)
9. Exercise 3
10. Exercise 4
11. 7. Worked example solution (Part 2)
12. Exercise 5
13. Knowledge Test
14. Course in PDF
1. 1. Companies
2. Exercise 1
3. Exercise 2
4. 2. Types of shares
5. Exercise 3
6. Exercise 4
7. Exercise 5
8. 3. Final account of a limited liabilities
9. Exercise 6
10. 4. Statement of financial position
11. Exercise 7
12. 5. Issues of shares
13. Exercise 8
14. Exercise 9
15. 6. Worked examples
16. Exercise 10
17. Knowledge test
18. Course in PDF
1. 1. Errors not affecting trial balance
2. Exercise 1
3. 2. Errors affecting trial balance
4. Exercise 2
5. Exercise 3
6. 3. Errors affecting trial balance
7. Exercise 4
8. 4. Worked example (a)
9. 5. Worked example (b)
10. 6. Worked example (c)
11. Knowledge Test
1. 1. Accounting ratios Part 1
2. Exercise 1
3. 2. Accounting ratios Part 2
4. Exercise 2
5. 3. Accounting ratios Part 3
6. Exercise 3
7. 4. Accounting ratios Part 4
8. Exercise 4
9. 5. Accounting ratios Part 5
10. Exercise 5
11. Exercise 6
12. Knowledge Test
13. Course in PDF
1. 1. Cost classification and behaviour
2. 2. Cost behaviour
3. 3. Semi-variable costs and semi-fixed costs examples
4. 4. Just in time system
5. 5. Labour
6. 6. Incentive scheme
1. 1. Break even analysis
2. 2.Examples to work out
3. 3. Margin of safety
4. 4. Calculating sales required to achieve a targeted profit
5. 5. Break even chart (Part 1)
6. 6. Break even chart (Part 2)
1. 1. Overhead job and batch costing
2. 2. Re-apportionment
3. 3. Absorption of overheads
4. 4. Job and batch costing
5. Knowledge Test
1. 1. Marginal and absorption costing (Part 1)
2. 2. Marginal and absorption costing (Part 2)
3. 3. Marginal and absorption costing (Part 3)
4. 4. Marginal and absorption costing (Part 4)

About this course

162 lessons

Grade 12 Accounting Basic

Pricing

Course curriculum

Accounting concepts

Irrecoverable, doubtful and recovered debts

Course 2 - Capital and revenue expenditure and income

Types of business entity Sources of finance /Accounting system

Control account and reconciliation / Bank reconciliation statement

IAS 2 - Valuation of inventory/Computerised accounting system

Statement of profit or loss and Statement of financial position of a sole trader

Statement of profit or loss and Statement of financial position of a partnership

Incomplete records

Limited companies SOPL & OCI, SOCIE and SOFP for internal use Issue of shares Reserves and sources of finance

Suspense account and correction errors

Users of accounting information Calculation and evaluation of accounting ratios Limitation of accounting ratios

Cost classification and behaviour Material and labour cost JIT inventory system

Break even Analysis / Cost Volume profit analysis

Overhead analysis sheet Job and batch costing

Marginal costing and decision making Business planning

About this course