Users of Accounting Info

What are the reasons for using accounting info?

Describe the different types of Business Activities

What is the financial manager's goal?

Basic Accounting Equation (BAE)

Definition of Accounting

Qualitative Characteristics

Considerations before commencing a business

How wealthy are you?

Assets

Liabilities

Owner's Equity

Non-current Assets

Current Assets

Non-current Liabilities

Current Liabilities

Income

Expenses

Debit

Credit

Going Concern Concept

Matching Concept

Consistency Concept

Prudence Concept

Accounting Cycle

Transactions

Source Documents

Journals

General Ledger Accounts

Pre-adjustment trial balance

Adjustments

Post-adjustment Trial Balance

Closing Entries

Final Trial Balance

Financial Statements

Analysis and Interpretation

Perpetual method for accounting for stock

Periodic method of accounting for stock

Year-end Adjustments

Depreciation

Methods of Depreciation

Allowance for credit losses /
Provision for doubtful debts

Prepaid expenses

Accrued expenses

Accrued income

Income received in advance

Closing Process

5 Types of Profit Companies

Share Capital

Authorised Share Capital

Issued Share Capital

Share Premium

Preference Shares

Ordinary Shares

Reserves

Non-distributable Reserves

Distributable Reserves

Profits, taxation, reserves and dividends

Income Statement
(Statement of Comprehensive Income)

Revenue

Cost of Sales
(C.O.S.)

C.O.S. Calculations - Trading Company

C.O.S. Calculations - Manufacturing Company

Gross Profit

Investment Revenue

Other Gains and Losses

Distribution Expenses

Marketing Expenses

Occupancy Expenses

Administration Expenses

Finance Cost

Income Tax

Dividends

Retained Earnings

Balance Sheet
(Statement of Financial Position)

Intangible Assets

Contingent Liabilities

Analysis and Interpretation

Methods of Analysing Financial Statements

Comparisons of Financial Statements

Ratio Analysis

Calculation of Ratios

Liquidity Ratios

Efficiency Ratios

Profitability Ratios

Solvency Ratios

Current Ratio Calculation

Quick ratio/acid test ratio calculation

Debtors turnover calculation

Receivable days calculation
(debtors' collection period)

Inventory turnover calculation

Days inventory on hand calculation

Creditors turnover calculation

Payable days calculation
(creditors' payment period)

Gross profit margin calculation

Operating profit margin calculation

Net profit margin calculation

Return on assets calculation

Return on equity calculation

Return on capital employed calculation

Interest cover ratio calculation

Debt to equity ratio calculation