Accounting notes Bundle (paper 1 and 2)

Transfers to trading account, perpetual and periodic theory and steps, stock valuation theory and calculations : fifo and weighted average method.

Formula and explanations on profitability, returns, risk, liquidity and solvency ratios.

Internal financial analysis on ratios used for the answering in accounting paper 2 questions.

Published financial statements and auditing theory.

Manufacturing cost calculations, breakeven point, trading business, theory, material costs, labour costs, factory overhead, finished goods, T-accounts.

Production cost statement, Direct material cost notes, direct labour costs notes, admin costs notes, income statement, factory overhead costs notes, cost of finished goods notes.

Notes on answering the income statement and balance sheet.

Companies theory, shares and dividends t-accounts and notes, taxation, Buy back of shares, retained income.

Theory, Notes and steps on completing cash generated from operations, cash flow from investing and financing activities, cash and cash equivalent, dividends paid, interest paid, taxation paid, fixed assets purchased.

theory, format used for calculations, and interpretations.

Theory and steps to completing a bank reconciliation, creditors reconciliation and internal reconciliation.

Questions taken from past papers on analysis of financial statements.