Accounting O Level Gcse & Igcse - Cambridge & Edexcel

Basic accounting till financial statements and ratio analysis. 10+ past papers solved. Complete O level 2023-25 syllabus

What you'll learn

Complete Cambridge University O/Level Accounting latest syllabus

Solve 10 past O/Level papers

Prepare financial statements independently

Score high marks in O/Level exams

Understand accounting basics more thoroughly

Requirements

No prior accounting knowledge required. You will learn everything from scratch

Description

The course covers complete latest syllabus of Cambridge O Level - Accounting 7707, Cambridge IGCSE Accounting (0452), Cambridge IGCSE (9–1) Accounting (0985) and Pearson Edexcel International GCSE (9–1) Accounting (4AC1). It is a classroom like teaching that solves 10+ past exam questions (Paper 1 and Paper 2). It explains all the basic operations of book-keeping thoroughly, from double entry system to year-end financial statements. All the topics start with the concept videos and then solves examples and past question papers. The course is prepared in such way to create an interest and love for accounting. The students’ knowledge and understanding (AO1), Analysis (AO2), and Evaluation (AO3) are assessed regularly by giving class works and assignments in majority of topics. No prior knowledge of accounting is required to start learning this course. It is prepared in such way that students learn practical accounting in the real world. Most of the examples in the concept videos are made more realistic of today’s business world. Though this course is primarily intended for O/Level exams, it is also recommended to anyone who wants to understand the basics of book-keeping and accounting. This course is equally useful to teachers also who want to learn how effectively to teach accounting to students.

Overview

Section 1: Introduction

Lecture 1 For whom is this course?

Lecture 2 O/Level Accounting - Syllabus, Exam format and Assessment objectives

Lecture 3 Instruction to students

Section 2: Accounting Equation

Lecture 4 Accounting Equation - Concept

Lecture 5 Accounting Equation - Past Exam MCQs Explained

Section 3: Book-keeping & Accounting - Meaning

Lecture 6 Book-keeping Vs Accounting

Section 4: Accounting Cycle

Lecture 7 Accounting Cycle Concept

Lecture 8 Accounting Cycle - Past Exam MCQs Explained

Section 5: Source Documents

Lecture 9 Source Documents Concept

Lecture 10 Source Documents - Past Exam MCQs Explained

Section 6: Goods or Merchandise

Lecture 11 Goods Concept

Section 7: Meaning and Format of an account

Lecture 12 What is an account?

Section 8: Double Entry System

Lecture 13 Double entry system and rules of debit and credit

Section 9: Balancing off an account

Lecture 14 How to balance off an account periodically?

Section 10: Trial Balance

Lecture 15 Trial Balance - Meaning and how to prepare it

Section 11: Journals or Day Books

Lecture 16 Journals - Different types and their purpose

Section 12: Cash Books

Lecture 17 One-column Cash Book

Lecture 18 Two and Three-Column Cash Book

Lecture 19 Cash Book Past Exam Paper 2 Explained

Section 13: Purchases and Purchase Returns Journals

Lecture 20 Purchases and Purchases Returns Journal - How to record the transactions?

Lecture 21 Purchases and Purchase Returns Journal - Example till trial balance

Lecture 22 Purchase Journal and Cash Book Past Exam Paper 2 Explained

Section 14: Sales and Sales Returns Journal

Lecture 23 Sales and Sales Returns Journal - How to record transactions?

Lecture 24 Sales and Sales Returns Journal - Example till trial balance

Section 15: Petty Cash Book

Lecture 25 Petty Cash Book Concept

Lecture 26 Petty Cash Book - Past Exam MCQs Explained

Lecture 27 Petty Cash Book Past Exam Paper 2 Explained

Section 16: General Journal Book

Lecture 28 General Journal Book Concept

Section 17: Control Accounts

Lecture 29 Control Accounts - Concept

Lecture 30 Control accounts - Past Exam MCQs Explained

Lecture 31 Control accounts Past Exam Paper 2 Explained

Section 18: Bank Reconciliation

Lecture 32 Bank Reconciliation - What, Why and How?

Lecture 33 Bank reconciliation - Past Exam MCQs Explained

Lecture 34 Bank Reconciliation Past Exam (Question 1) Paper 2 Explained

Lecture 35 Bank Reconciliation Past Exam (Question 2) Paper 2 Explained

Lecture 36 Bank Reconciliation Past Exam (Question 3) Paper 2 Explained

Section 19: Financial Statements - Income Statement and Statement of Financial Position

Lecture 37 Financial Statements in general and Income Statement

Lecture 38 Statement of Financial Position

Lecture 39 Preparing Financial Statements - Example

Lecture 40 Income Statement - Past Exam MCQs Explained

Lecture 41 Statement of Financial Position - Past Exam MCQs Explained

Section 20: Inventory

Lecture 42 Inventory - Meaning and valuation rule

Lecture 43 Inventory - Past Exam MCQs Explained

Section 21: Errors and Rectifications

Lecture 44 Types of errors where the trial balance tallies

Lecture 45 Rectification of errors when trial balance tallies

Lecture 46 Types of errors where the trial balance does not tally

Lecture 47 Rectification of errors when trial balance does not tally

Lecture 48 Effect of errors on profit

Lecture 49 Errors and rectifications - Past Exam MCQs Explained

Lecture 50 Errors and Rectifications - Past Exam Paper 2 Explained

Section 22: Non-Current Assets

Lecture 51 Capital and Revenue Expenditure

Lecture 52 Depreciation of Non-Current Assets

Lecture 53 Disposal of Non-Current Asset

Lecture 54 Non-Current Assets - Past Exam MCQs Explained

Lecture 55 Non-Current Assets - Past Exam Paper 2 Explained

Section 23: Year-end Adjustments

Lecture 56 Accrued expenses

Lecture 57 Prepaid expenses

Lecture 58 Accrued incomes

Lecture 59 Prepaid incomes

Lecture 60 Irrecoverable expense and Provision for bad debts

Lecture 61 Year-end adjustments - Past Exam MCQs (Prepaid and accrued) Explained

Lecture 62 Year-end adjustments - Past Exam Paper 2 Explained

Lecture 63 Year-end adjustments - Past Exam MCQs (Bad debts) Explained

Lecture 64 Financial Statements with adjustments - Past Exam Paper 2 Explained

Section 24: Different forms of business organisation

Lecture 65 Different forms of business organisations

Section 25: Accounting for partnerships

Lecture 66 Partnership - Meaning, Advantages and Disadvantages

Lecture 67 Partnership - Extra accounting treatments

Lecture 68 Partnership - Past Exam MCQs Explained

Lecture 69 Partnership - Past Exam Paper 2 Explained

Section 26: Limited Liability Companies

Lecture 70 Limited liability company - Meaning, Pros & Cons, and specialties

Lecture 71 Special accounting treatments for companies

Lecture 72 Company accounts - Past Exam Paper 2 Explained

Lecture 73 Companies - Past Exam MCQs Explained

Section 27: Incomplete Records

Lecture 74 Incomplete records - Meaning and how to arrive to missing figures

Lecture 75 Incomplete records - Past Exam MCQs Explained

Lecture 76 Incomplete records - Past Exam Paper 2 Explained

Section 28: Accounting for Manufacturing Businesses

Lecture 77 Manufacturing business - Special accounting treatments

Lecture 78 Manufacturing accounts - Past Exam MCQs Explained

Lecture 79 Manufacturing accounts - Past Exam Paper 2 Explained

Section 29: Accounting for Clubs and Societies

Lecture 80 Accounting for non-profit oriented organisations - Concept

Lecture 81 Club accounts - Past Exam MCQs Explained

Lecture 82 Club accounts - Past Exam Paper 2 Explained

Section 30: Analysis and Interpretation of Financial Statements

Lecture 83 Profitability ratios

Lecture 84 Profitability ratios - Past Exam MCQs Explained

Lecture 85 Liquidity ratios

Lecture 86 Liquidity ratios - Past Exam MCQs Explained

Lecture 87 Working capital concept

Section 31: Limitation of Financial Statements

Lecture 88 Limitations of financial statements

Section 32: Users of financial information

Lecture 89 Users of financial information

Lecture 90 Users - Past Exam MCQs Explained

Section 33: Objectives of Accounting

Lecture 91 Objectives of accounting

Lecture 92 Objectives - Past Exam MCQs Explained

Section 34: Accounting Principles

Lecture 93 Accounting principles

Lecture 94 Accounting Principles - Past Exam MCQs Explained

Current O/Level students under Cambridge and Pearson Edexcel syllabus