Assets, liabilities and capital, the accounting equation, and double-entry rules.
The day books, the cash book, the ledgers, and source documents.
Preparing a trial balance and the errors it does and doesn't reveal.
Preparing the trading and profit and loss sections to find gross and net profit.
Preparing the balance sheet: assets, liabilities and capital.
Why depreciate, the straight-line and reducing-balance methods, and recording it.
Year-end adjustments: accruals, prepayments, irrecoverable debts and provisions.
Sales and purchases ledger control accounts, and reconciling the cash book with the bank statement.
Correcting errors using the journal and clearing the suspense account.
The fundamental accounting concepts and the qualities of useful financial information.
Prime cost, factory overheads, the cost of production and the manufacturer's income statement.
Appropriation of profit, capital and current accounts, interest on capital/drawings and salaries.
Share capital, reserves, dividends and the company statement of financial position.
Profitability, liquidity and efficiency ratios and interpreting business performance.
Reconstructing incomplete records and the accounts of clubs and societies.