Revision notes.

Try this with Accounting

1. Close your notes and write the main idea in two sentences from memory.
2. Reopen the source and correct the first mistake or omission you find.
3. Add one example and one question to test whether you can apply the idea.

View Accounting resources on ATARMAXXING ↗

Topics in the resource inventory

• Source Documents, GST and the Cash Receipts/Payments Journals
• Credit Sales, Credit Purchases and Returns Journals
• General Journal Entries Including Opening Entries and Error Corrections
• General Ledger Posting, Balancing Accounts and the Trial Balance
• Perpetual Inventory System Using the FIFO Cost Assignment Method
• Preparing the Income Statement (Service and Trading Business Format)
• Preparing the Classified Balance Sheet and Applying the Accounting Equation
• Preparing the Cash Flow Statement — Direct Method
• Adjusting Entries for Prepaid Revenue and Accrued Revenue
• Adjusting Entries for Prepaid Expenses and Accrued Expenses
• Calculating and Recording Depreciation — Straight-Line and Reducing-Balance Methods
• Recording the Disposal of a Depreciable Non-Current Asset
• Accounting for Bad Debts and Provision for Doubtful Debts
• Preparing Budgeted Financial Reports and Their Role in Planning
• Preparing a Cash Budget Including Debtors and Creditors Collections
• Calculating, Classifying and Explaining Budget Variances
• Calculating and Interpreting Liquidity and Efficiency Indicators
• Calculating and Interpreting Profitability and Financial Stability Indicators
• Integrating Non-Financial Information with Financial Indicators
• Ethical Responsibilities of the Accountant and Accounting Principles