ISC Accounting

COURSE PRACTICE

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COURSE NOTES

WEEK 1 TRANSACTIONS

1.1 Assets, Liabilities and Capital

1.2 The 3 Rules of Double Entry Book-Keeping

1.3 Double Entry Book Keeping - Basic Example

Week 1 Exercises

WEEK 2 TRANSACTIONS

1.5 Revenues, Expenses & Drawings

1.6 Discounts: Allowed and Received

1.7 Discounts in T Accounts Example

1.8 Balancing Off Accounts

1.9 Trial Balance

Week 2 Exercises

WEEK 3 INCOME STATEMENT AND BALANCE SHEET

2.1 Income Statement (Gross Profit)

2.2 Income Statement (Net Profit)

2.3 Balance Sheet

Week 3 Exercises

WEEK 4 INCOME STATEMENT AND BALANCE SHEET

2.5 Allowance for Doubtful Debts

2.6 Increasing Allowance for Doubtful Debts

2.7 Decreasing Allowance for Doubtful Debts

2.8 Accounting Concepts 1

Week 4 Exercises

WEEK 5 INCOME STATEMENT AND BALANCE SHEET

2.9 Depreciation Introduction

2.10 Depreciation: Full Example

Week 5 Exercises

MIDTERM REVISION

WEEK 6 INCOME STATEMENT AND BALANCE SHEET

2.11 Prepaid Expenses

2.12 Accrued Expenses

2.13 Further End of Year Adjustments (Includes Exam Level ISBS Questions)

2.14 Income Statement and Balance Sheet full worked example

Week 6 Exercises

Week 7 CASH FLOW

3.1 Cash Flow Analysis 1

Week 7 Exercises

Week 8 ACCOUNTING RATIOS

4.1 Profitability Ratios

4.2 Liquidity Ratios

4.3 Efficiency Ratios

4.4 A guide to writing your Ratio Analysis

4.5 A guide to writing your Ratio Analysis 2

Week 8 Exercises

End of Module Quiz. Credit to Gordon for creating this.

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