• Syllabus aims

    To develop knowledge and understanding of the operational aspects of maintaining accounting records and procedures relating to invoicing, receipts and payments, recording income and expenditure, the preparation of ledger accounts and the preparation of an initial trial balance.

    Objectives

    On completion of this paper, candidates should be able to:

    • distinguish between types of business transactions and documentation, recognising relevant basic business law and data protection legislation
    • prepare basic ledger accounts under the double entry system
    • record income and receipts from credit customers
    • explain and account for irrecoverable debts
    • record purchases, expenditure, and payments to suppliers
    • account for banking transactions
    • maintain general cash and petty cash records
    • produce bank reconciliation statements
    • record payroll transactions
    • prepare and reconcile control accounts
    • prepare an initial trial balance identifying and correcting errors using journal entries.

    Source: www.accaglobal.com


  • Syllabus aims

    To develop the ability to use a computer system safely and effectively and to understand the need for data and information to be kept confidential and secure. To develop knowledge and an understanding of how organisations provide basic management information for decision-making, planning and control.

    Objectives

    On completion of this paper, candidates should be able to:

    • carry out simple visual safety checks on hardware and follow appropriate powering up and shutting down procedures
    • understand the purpose of passwords
    • access, amend, save and print documents and other files and exit from the relevant software
    • use appropriate computer file and folder names
    • follow procedures for taking back-up copies of computer files
    • understand different types of risk including viruses and hacking
    • understand relevant security and legal regulations covering data protection, copyright, health and safety and record retention
    • seek assistance when difficulties occur when working with computers
    • recognise the need for management information
    • identify different elements of cost
    • identify different sources of income and expenditure
    • code and extract income and expenditure correctly
    • deal with problems / errors correctly
    • provide comparisons on costs and income
    • use relevant software applications to access, analyse, present and communicate information (accounting package, spreadsheet, word processing, e-mail)
    • handle confidential information in the correct manner
    • present information using house style.

    source: www.accaglobal.com


  • Syllabus aims

    To develop knowledge and understanding of the techniques used to maintain accounting records and prepare final accounts of unincorporated entities.

    Objectives

    On completion of this paper, candidates should be able to:

    • understand, describe and apply relevant accounting concepts, policies and standards
    • maintain records relating to capital acquisition and disposal
    • prepare reconciliations for the preparation of final accounts
    • identify, calculate and record appropriate adjustments
    • prepare and complete the extended trial balance
    • prepare final accounts for a sole trader
    • prepare final accounts for a partnership.

    Source: www.accagblobal.com


  • Aims

    To develop knowledge and understanding of how organisations record, analyse and report current and future costs and revenue data for use within the organisation.

    Objectives

    On completion of this paper, candidates should be able to:

    • explain the role of management accounting within an organisation and the requirement for management information
    • describe costs by classification and behaviour
    • identify appropriate material, labour and overhead costs
    • understand and be able to apply the principles of marginal costing and absorption costing
    • understand and be able to calculate product and service costs
    • understand and be able to apply methods of estimating costs and revenues.

    Source: www.accaglobal.com


  • Aims

    To develop knowledge and understanding of the role of a manager in an effective, efficient, safe and secure accounting environment. This includes the coordination of work activities, the maintenance of an effective accounting system, people management, personal effectiveness, health and safety and security issues within the workplace.

    Objectives

    On completion of this paper, candidates should be able to:

    • develop an overview of the overall business organisation and its critical external relationships and identify the key external regulations and influences affecting accounting and business
    • understand how accounting systems are affected by organisational structure and the overall management information system
    • describe methods for resource planning and coordinating work
    • explain the purpose, structure and organisation of the accounting function and its relationships with other organisational functions
    • identify systems and procedures for effective functional management
    • describe principles of management leadership, delegation, motivation and communication
    • explain principles of effective working relationships and teamwork
    • understand the need for effective performance appraisal, development and training to enhance personal and organisational effectiveness
    • understand the importance of a safe and secure working environment.

    Source: www.accaglobal.com


  • Aims

    To understand and apply the techniques used to prepare year-end financial statements of partnerships and limited companies which comply with legislation and accounting standards, and to interpret financial statements and the relationships between their elements using ratio analysis.

    Objectives

    On completion of this paper, candidates should be able to:

    • draft partnership and limited company financial statements to comply with relevant legislation and accounting standards
    • correctly identify and implement adjustments, referring any issues and unresolved discrepancies to an appropriate person
    • understand the importance of an organisation's procedures and policies, including confidentiality procedures
    • prepare and interpret a limited company cash flow statement
    • identify the general purpose of limited company financial statements
    • identify the elements of limited company financial statements and the relationship between them
    • interpret the relationship between the elements of financial statements using ratio analysis drawing valid conclusions and presenting interpretations and conclusions to the appropriate people.

    Source: www.accaglobal.com


  • Aims

    To develop knowledge and understanding of the application of management accounting techniques to support the management processes of planning, decision-making, control and performance measurement.

    Objectives

    On completion of this paper, candidates should be able to:

    • identify valid, relevant data from internal and external sources
    • present cost information using appropriate methods
    • prepare forecasts of income and expenditure
    • monitor and analyse actual costs against forecasts and trends
    • compare actual costs with standard costs and analyse and explain any variances
    • prepare draft budget proposals
    • prepare and present reports comparing actual performance with planned performance for the organisation or for responsibility centres and analyse any variances for management control purposes
    • prepare and monitor relevant performance indicators, interpret the results and recommend how to reduce costs and enhance value
    • make short-term decisions to enhance business performance

    Source: www.accaglobal.com


  • Aims

    To develop knowledge and understanding of the audit process from the planning stage through to the reporting stage and the techniques used in the conduct of internal and external audits.

    Objectives

    On completion of this paper, candidates should be able to:

    • explain the rules of professional conduct relating to the ethics of integrity, objectivity, independence and confidentiality and undertake audit procedures accordingly
    • identify control objectives and weaknesses for an accounting system under review
    • assess audit risks, produce an audit plan and design appropriate audit procedures
    • carry out appropriate audit procedures in accordance with an audit plan on the basis of a validly selected sample
    • draw valid conclusions from the results of audit tests
    • prepare draft reports relating to an audit assignment.

  • Aims

    To develop knowledge and understanding of the application of management accounting techniques to support the management processes of planning, decision-making, control and performance measurement.

    Objectives

    On completion of this paper, candidates should be able to:

    • identify valid, relevant data from internal and external sources
    • present cost information using appropriate methods
    • prepare forecasts of income and expenditure
    • monitor and analyse actual costs against forecasts and trends
    • compare actual costs with standard costs and analyse and explain any variances
    • prepare draft budget proposals
    • prepare and present reports comparing actual performance with planned performance for the organisation or for responsibility centres and analyse any variances for management control purposes
    • prepare and monitor relevant performance indicators, interpret the results and recommend how to reduce costs and enhance value
    • make short-term decisions to enhance business performance

    Source: www.accaglobal.com


  • Aims

    To develop knowledge and understanding of the way organisations finance their operations, plan and control cash flows, optimise their use of working capital and allocate resources to capital expenditure projects.

    Objectives

    On completion of this paper, candidates should be able to:

    • describe the cash flow cycle
    • describe sources of short, medium and long-term finance
    • prepare cash budgets and cash flow forecasts
    • explain the principles of effective working capital management
    • calculate working capital requirements
    • describe credit management methods and procedures
    • describe cash management methods and procedures
    • evaluate capital expenditure proposals.
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