Financial Resources & Business Planning:

• Financial Resources
• The Role of the Accountant

The Construction of Financial Statements:

• Calculating Profits
• Adjustments
• Capital Transactions
• Partnership Accounts
• Company Accounts
• Cash Flow Statements
• Accounts of Clubs & Societies

The Provision of Financial Information:

• Accounting Ratios and Preparing Reports
• SSAPs & FRSs

Planning & Decision Making Accounting for Costs:

• Manufacturing Accounts

Further Accounting Issues:

• Control Accounts
• The Trial Balance, Journal & Suspense Accounts
• Incomplete Records
• The Extended Trial Balance

Note: This paper follows on from Accounting, and may appear to repeat some of the syllabus areas covered in Accounting. The Examiner wishes to point out that any such topics will typically be examined at a higher level in the Accounting II examination paper. The Examiner also reserves the right to set questions in Accounting II on topics from the Accounting paper.

Reading List

Main Text:
Frank Wood’s Business Accounting 1 - Wood & Sangster (Pitman)

Alternative Texts and Further Reading:
Foundations of Business Accounting - R Dodge (Chapman & Hall) & Sangster (Pitman)