IGCSE Accounting revision checklist

International GCSE · Pearson Edexcel 4AC1

Getting started

• What accounting is forLesson →
• The accounting equationLesson →
• Debits and credits: double entry basicsLesson →
• Accounting calculations: profit and percentagesLesson →

Topic 1: The accounting environment

• Business organisations and stakeholdersLesson →
• Accounting conceptsLesson →
• Technology in accountingLesson →
• Professional ethicsLesson →

Topic 2: Introduction to bookkeeping

• Business documentsLesson →
• Books of original entry: day books and the journalLesson →
• The three-column cash bookLesson →
• The petty cash bookLesson →
• Ledgers and double entryLesson →
• Capital and revenue expenditureLesson →
• DepreciationLesson →
• Disposal of non-current assetsLesson →
• Irrecoverable debts and the provisionLesson →
• Other receivables and payablesLesson →

Topic 3: Introduction to control processes

• The trial balanceLesson →
• Control accountsLesson →
• Correction of errors and the suspense accountLesson →
• Bank reconciliation statementsLesson →

Topic 4: The preparation of financial statements

• Income statement of a sole traderLesson →
• Statement of financial position of a sole traderLesson →
• Partnerships and the Partnership Act 1890Lesson →
• Appropriation and partners' accountsLesson →
• Incomplete recordsLesson →
• Profitability ratiosLesson →
• Liquidity ratiosLesson →
• Manufacturing accountsLesson →

Topic 5: Accounting for end of period adjustments

• Applying accounting concepts at the year endLesson →
• Depreciation in the financial statementsLesson →
• Irrecoverable debts in the financial statementsLesson →
• Accruals and prepayments in the financial statementsLesson →