1. Financial Accounting (AS Level)1.1 Types of Business Entity0/01.1.1 Types of Business Entity1.1.2 Advantages and Disadvantages of Business Entities1.1.3 Sources of Finance for Business Entities1.2 The Accounting System0/01.2.1 Double Entry and the Accounting Equation1.2.2 Books of Prime Entry1.2.3 Ledger Accounts and Trial Balance1.2.4 Maintaining Full Accounting Records1.2.5 Accounting Concepts1.2.6 Accruals, Objectivity and Substance Over Form1.2.7 Computerised Accounting Systems1.2.8 Security of Computerised Accounting Data1.3 Accounting for Non-current Assets0/01.3.1 Capital and Revenue Items1.3.2 Effects of Incorrect Classification1.3.3 Causes and Purpose of Depreciation1.3.4 Depreciation Methods and Calculations1.3.5 Cost Model and Revaluation Model1.3.6 Ledger Entries for Non-current Assets1.3.7 Disposal and Financial Statement Effects1.4 Reconciliation and Verification0/01.4.1 Purpose of Reconciliation and Verification1.4.2 Benefits and Limitations of Verification Procedures1.4.3 Trial Balance Errors1.4.4 Suspense Accounts and Error Correction1.4.5 Effects of Correcting Errors1.4.6 Bank Reconciliation Statements1.4.7 Control Accounts1.4.8 Control Account Errors and Limitations1.5 Preparation of Financial Statements0/01.5.1 Adjustments to Draft Financial Statements1.5.2 Sole Trader Financial Statements1.5.3 Partnership Financial Statements1.5.4 Partners' Capital and Current Accounts1.5.5 Partnership Agreements and the Partnership Act1.5.6 Limited Company Capital and Reserves1.5.7 Limited Company Ledger Entries1.5.8 Limited Company Financial Statements and Finance1.6 Analysis and Communication of Accounting Information0/01.6.1 Users of Accounting Information1.6.2 Communicating and Analysing Stakeholder Information1.6.3 Profitability Ratios1.6.4 Liquidity Ratios1.6.5 Efficiency Ratios1.6.6 Evaluation of Accounting Ratios1.6.7 Improving Profitability, Liquidity and Efficiency1.6.8 Limitations of Accounting Information1. Financial Accounting (AS Level)1.1 Types of Business Entity0/01.1.1 Types of Business Entity1.1.2 Advantages and Disadvantages of Business Entities1.1.3 Sources of Finance for Business Entities1.2 The Accounting System0/01.2.1 Double Entry and the Accounting Equation1.2.2 Books of Prime Entry1.2.3 Ledger Accounts and Trial Balance1.2.4 Maintaining Full Accounting Records1.2.5 Accounting Concepts1.2.6 Accruals, Objectivity and Substance Over Form1.2.7 Computerised Accounting Systems1.2.8 Security of Computerised Accounting Data1.3 Accounting for Non-current Assets0/01.3.1 Capital and Revenue Items1.3.2 Effects of Incorrect Classification1.3.3 Causes and Purpose of Depreciation1.3.4 Depreciation Methods and Calculations1.3.5 Cost Model and Revaluation Model1.3.6 Ledger Entries for Non-current Assets1.3.7 Disposal and Financial Statement Effects1.4 Reconciliation and Verification0/01.4.1 Purpose of Reconciliation and Verification1.4.2 Benefits and Limitations of Verification Procedures1.4.3 Trial Balance Errors1.4.4 Suspense Accounts and Error Correction1.4.5 Effects of Correcting Errors1.4.6 Bank Reconciliation Statements1.4.7 Control Accounts1.4.8 Control Account Errors and Limitations1.5 Preparation of Financial Statements0/01.5.1 Adjustments to Draft Financial Statements1.5.2 Sole Trader Financial Statements1.5.3 Partnership Financial Statements1.5.4 Partners' Capital and Current Accounts1.5.5 Partnership Agreements and the Partnership Act1.5.6 Limited Company Capital and Reserves1.5.7 Limited Company Ledger Entries1.5.8 Limited Company Financial Statements and Finance1.6 Analysis and Communication of Accounting Information0/01.6.1 Users of Accounting Information1.6.2 Communicating and Analysing Stakeholder Information1.6.3 Profitability Ratios1.6.4 Liquidity Ratios1.6.5 Efficiency Ratios1.6.6 Evaluation of Accounting Ratios1.6.7 Improving Profitability, Liquidity and Efficiency1.6.8 Limitations of Accounting Information2. Cost and management accounting (AS Level)2.1 Costs and cost behaviour0/02.1.1 Classifying Costs by Behaviour2.1.2 Direct and Indirect Costs2.1.3 Accounting for Materials and Labour2.1.4 Inventory Valuation Using FIFO and AVCO2.1.5 Just in Time Inventory Management2.2 Traditional costing methods0/02.2.1 Unit, Job and Batch Costing2.2.2 Cost Centres, Cost Units and Overheads2.2.3 Overhead Absorption Rates and Adjustments2.2.4 Absorption Costing Statements and Decisions2.2.5 Contribution and Break-even Analysis2.2.6 Uses and Limitations of Break-even Analysis2.2.7 Marginal Costing Statements and Profit Reconciliation2.2.8 Marginal Costing for Business Decisions2.2.9 Cost-volume-profit Analysis and Recommendations2. Cost and management accounting (AS Level)2.1 Costs and cost behaviour0/02.1.1 Classifying Costs by Behaviour2.1.2 Direct and Indirect Costs2.1.3 Accounting for Materials and Labour2.1.4 Inventory Valuation Using FIFO and AVCO2.1.5 Just in Time Inventory Management2.2 Traditional costing methods0/02.2.1 Unit, Job and Batch Costing2.2.2 Cost Centres, Cost Units and Overheads2.2.3 Overhead Absorption Rates and Adjustments2.2.4 Absorption Costing Statements and Decisions2.2.5 Contribution and Break-even Analysis2.2.6 Uses and Limitations of Break-even Analysis2.2.7 Marginal Costing Statements and Profit Reconciliation2.2.8 Marginal Costing for Business Decisions2.2.9 Cost-volume-profit Analysis and Recommendations3. Financial accounting (A Level)Premium3.1 Preparation of financial statements0/03.1.1 Purpose of Financial Statements for Different Businesses3.1.2 Partnership Goodwill and Revaluation Adjustments3.1.3 Partnership Changes and Final Accounts3.1.4 Partnership Dissolution and Realisation Accounts3.1.5 Clubs and Societies Financial Statements3.1.6 Accounting for Club Receipts and Fundraising3.1.7 Manufacturing Accounts and Manufacturing Profit3.1.8 Limited Company Financial Statements and Decision-Making3.2 Regulatory and ethical considerations0/03.2.1 Role of Accounting Regulation and IAS3.2.2 IAS 1, IAS 2 and IAS 73.2.3 IAS 8, IAS 10 and IAS 163.2.4 IAS 36, IAS 37 and IAS 383.2.5 Ethical Framework and Fundamental Principles3.2.6 Ethical Impacts and Social Implications3.2.7 Auditing, Stewardship and True and Fair View3.3 Business acquisition and merger0/03.3.1 Nature and Purpose of Business Mergers3.3.2 Accounting Entries for Mergers and Acquisitions3.3.3 Goodwill and Purchase Consideration on Acquisition3.3.4 Financial Statements After Acquisition or Merger3.3.5 Evaluating Acquisitions and Mergers3.4 Computerised accounting systems0/03.4.1 Transferring Accounts to a Computerised System3.4.2 Ensuring Data Integrity During Transfer3.5 Analysis and communication of accounting information0/03.5.1 Working Capital and Efficiency Ratios3.5.2 Interest Cover and Gearing Ratio3.5.3 Investment Ratios for Limited Companies3.5.4 Analysing Ratio Results and Drawing Conclusions3.5.5 Communicating Recommendations to Stakeholders3. Financial accounting (A Level)Premium3.1 Preparation of financial statements0/03.1.1 Purpose of Financial Statements for Different Businesses3.1.2 Partnership Goodwill and Revaluation Adjustments3.1.3 Partnership Changes and Final Accounts3.1.4 Partnership Dissolution and Realisation Accounts3.1.5 Clubs and Societies Financial Statements3.1.6 Accounting for Club Receipts and Fundraising3.1.7 Manufacturing Accounts and Manufacturing Profit3.1.8 Limited Company Financial Statements and Decision-Making3.2 Regulatory and ethical considerations0/03.2.1 Role of Accounting Regulation and IAS3.2.2 IAS 1, IAS 2 and IAS 73.2.3 IAS 8, IAS 10 and IAS 163.2.4 IAS 36, IAS 37 and IAS 383.2.5 Ethical Framework and Fundamental Principles3.2.6 Ethical Impacts and Social Implications3.2.7 Auditing, Stewardship and True and Fair View3.3 Business acquisition and merger0/03.3.1 Nature and Purpose of Business Mergers3.3.2 Accounting Entries for Mergers and Acquisitions3.3.3 Goodwill and Purchase Consideration on Acquisition3.3.4 Financial Statements After Acquisition or Merger3.3.5 Evaluating Acquisitions and Mergers3.4 Computerised accounting systems0/03.4.1 Transferring Accounts to a Computerised System3.4.2 Ensuring Data Integrity During Transfer3.5 Analysis and communication of accounting information0/03.5.1 Working Capital and Efficiency Ratios3.5.2 Interest Cover and Gearing Ratio3.5.3 Investment Ratios for Limited Companies3.5.4 Analysing Ratio Results and Drawing Conclusions3.5.5 Communicating Recommendations to Stakeholders4. Cost and management accounting (A Level)Premium4.1 Activity based costing (ABC)0/04.1.1 Purpose and application of activity based costing4.1.2 Cost drivers and overhead allocation4.1.3 Unit cost and selling price under ABC4.1.4 Uses, limitations and ABC-based decisions4.2 Standard costing0/04.2.1 Meaning and role of standard costing4.2.2 Benefits, limitations and performance improvement4.2.3 Direct material variances4.2.4 Direct labour variances4.2.5 Fixed overhead variances4.2.6 Sales variances and variance relationships4.2.7 Decisions, recommendations and non-financial factors4.3 Budgeting and budgetary control0/04.3.1 Purpose, benefits and limitations of budgetary control4.3.2 Spreadsheet budgets and master budgets4.3.3 Preparing operational budgets4.3.4 Preparing financial budgets and budgeted statements4.3.5 Limiting factors and flexible budgeting4.3.6 Reconciling flexible budgets with actual results4.3.7 Budgetary decisions using supporting data4.3.8 Behavioural and non-financial aspects of budgeting4.4 Investment appraisal0/04.4.1 Capital investment decisions and project cash flows4.4.2 Payback and accounting rate of return4.4.3 Net present value and internal rate of return4.4.4 Evaluating appraisal techniques and making recommendations4.4.5 Non-financial factors and excluded investment appraisal areas4. Cost and management accounting (A Level)Premium4.1 Activity based costing (ABC)0/04.1.1 Purpose and application of activity based costing4.1.2 Cost drivers and overhead allocation4.1.3 Unit cost and selling price under ABC4.1.4 Uses, limitations and ABC-based decisions4.2 Standard costing0/04.2.1 Meaning and role of standard costing4.2.2 Benefits, limitations and performance improvement4.2.3 Direct material variances4.2.4 Direct labour variances4.2.5 Fixed overhead variances4.2.6 Sales variances and variance relationships4.2.7 Decisions, recommendations and non-financial factors4.3 Budgeting and budgetary control0/04.3.1 Purpose, benefits and limitations of budgetary control4.3.2 Spreadsheet budgets and master budgets4.3.3 Preparing operational budgets4.3.4 Preparing financial budgets and budgeted statements4.3.5 Limiting factors and flexible budgeting4.3.6 Reconciling flexible budgets with actual results4.3.7 Budgetary decisions using supporting data4.3.8 Behavioural and non-financial aspects of budgeting4.4 Investment appraisal0/04.4.1 Capital investment decisions and project cash flows4.4.2 Payback and accounting rate of return4.4.3 Net present value and internal rate of return4.4.4 Evaluating appraisal techniques and making recommendations4.4.5 Non-financial factors and excluded investment appraisal areas
