Fundamentals of Accounting
This subject walks you through the most important concepts step by step, starting from the foundations and moving towards practical exam-focused preparation. Use this page as your central place to revise topics, jump into notes, and quickly access practice material when you need it.
U1
General Topics
topic 1 to 19
19 topics
01
Introduction to Accounting and Business
02
Nature of Business and Accounting
03
Types of Businesses
04
Types of Business Organization
05
Users of Accounting Information
06
Role of Ethics in Business
07
Role of Accounting in Business
08
Profession of Accounting
09
Fundamental Accounting Concepts, Principles and Policies
10
The Business Entity Concept
11
The Reliability (or Objectivity) Principle
12
Historical Cost Convention
13
Substance Over Form
14
The Fair Value Principle
15
The Going-Concern Assumptions
16
The Realization Principle
17
The Matching Principle
18
Money Measurement (Stable Dollar Assumption)
19
Materiality
U1
Financial Statements
topic 20 to 27
6 topics
U2
Components of Income Statement
topic 24 to 25
2 topics
U3
Components of Balance Sheet
topic 28 to 40
13 topics
28
Components of Balance Sheet: Assets, Liabilities, Equity
29
Statement of Cash Flows
30
Operating, Investing and Financing Activities
31
Direct Method
32
Interrelationships Among Financial Statements
33
The Recording Process
34
Accrual Basis and Cash Basis of Accounting
35
Chart of Accounts
36
Phases in Accounting Cycle
37
Account and its Recording Process
38
Types of Accounts – Permanent and Temporary
39
Double Entry Book Keeping System
40
Rules of Debit and Credit
U4
Accounts from Incomplete Records
topic 41 to 50
10 topics
41
Accounts from Incomplete Records: Single Entry System
42
Profit Determination Under Single Entry System
43
Profit Determination Under Net-Worth Method
44
Conversion Method
45
Completing the Accounting Cycle
46
Flow of Accounting Information
47
Journalizing and Posting
48
Closing Entries
49
Post-Closing Trial Balance
50
Adequate Disclosure and Types of Information to be Disclosed
U5
Completing the Accounting Cycle
topic 51 to 55
5 topics
U6
Partnership and Company Account
topic 56 to 61
6 topics
56
Partnership and Company Account: An Introduction
57
Goodwill for Sole Trader and Partnership
58
Partnership and Company Account: Revaluation of Partnership Assets
59
Partnership and Company Account: Financial Statements of Limited Liability Companies
60
Partnership and Company Account: Purchase of Existing Businesses
61
Accounting for Branches
Past Papers
Open this section to load past papers
Click on Show Past Papers to see past papers.