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PRINCIPLES
OF ACCOUNTS II
Course
Fee
(For
those in Singapore, please contact
us for other mode of payment)
Course
Details
Lesson 1 - Depreciation
Depreciation. Fixed Instalment Method.
Reducing Balance Method. Treatment of
Depreciation in Sales of Fixed Assets. Test 1.
Answers to Test 1.
Lesson 2 - Single Entry & Incomplete Records
Introduction. Disadvantages of Single Entry
System. Profit or Loss - Analysis Method and
Comparison Method. Conversion of Records.
Test 2. Answers to Test 2.
Lesson 3 - Trial Balance
The Trial Balance. Errors not disclosed by the
Trial Balance. Locating and rectifying errors.
Suspense Account. Test 3. Answers to Test
3.
Lesson 4 - Trading and Profit & Loss Accounts
Introduction. Trading Account. Stock Valuation.
Profit & Loss Account. Percentage Trading
Account. Comparative Trading Account. Turnover
and Rate of Turnover. Balance Day Adjustments.
Bad & Doubtful Debts and Provision for Bad Debts.
Provision for Repairs. Provision for Discounts.
Provision for Depreciation. Test 4. Answers to
Test 4.
Lesson 5 - Manufacturing Account
Manufacturing Account. Factory Expenditure.
Factory Profit or Loss. Test 5. Answers to Test
5.
Lesson
6 - Capital and Revenue Expenditure - Receipts
and Payments Accounts - Income and
Expenditure Accounts.
Capital and Revenue Expenditure. Receipt and
Payment Account. Income and Expenditure
Account. Test 6. Answers to Test 6.
Lesson 7 - Purchasing A Business
Introduction. Goodwill. Test 7. Answers to
Test 7.
Lesson 8 - Partnership Accounts I
Introduction. Partnership Deed. Liabilities and
Rights of Partners. Limited Partnership.
Partnership Books. Treatment of Interest.
Partnership Profit and Loss Account. Goodwill.
Test 8. Answers to Test 8.
Lesson 9 - Partnership Accounts II
Method of Payment to Outgoing Partners: (1)
Payments by Instalments (2) Policy of
Survivorship Assurance (3) Annuity.
Dissolution. Garner vs Murray Rule.
Insolvency. Test 9. Answers to Test 9.
Lesson 10 - Company Accounts I
Introduction. Kinds of Companies. Formation
of a Company: (1) Memorandum of Association
(2) Articles of Association (3) Certificate of
Incorporation (4) Prospectus, etc. Share Capital.
Types of shares and Procedure on issue.
Difference between Share and Stock Test 10.
Answers to Test 10.
Lesson 11 - Company Accounts II
Issue of Shares at Premium. Issue of Shares at
Discount. Issue of fully paid shares. Debentures.
Issue of Debentures at Premium. Issue of
Debentures at Discount. Dividends. Profit and
Loss Account vs. Profit and Loss Appropriation
Account. Reserves and Provisions. Test 11.
Answers to Test 11.
Lesson 12 - Self-Balancing Ledgers
Classification of Ledgers. Control Accounts.
Balancing Control Accounts. Transfers.
Test 12. Answers to Test 12.
Lesson 13 - Information In Final Accounts And Balance
Sheets
Introduction - Balance Sheet and
its
interpretation. Comparison of Balance Sheets.
Source and Application of Funds. Test 13.
Answers to Test 13.
Lesson 14 - Bills Of Exchange
Bills of Exchange. Bills Receivable. Bills Payable.
Parties to a Bill. Advantages of a Bill. Discounting
a Bill. Bill Books. Bills of Exchange and the Bank.
Renewal of a Bill. Retiring of a Bill. Test 14.
Answers to Test 14.
Lesson 15 - Consignment Accounts
Introduction. Parties to goods on consignment
Difference between a consignment and a sale.
Consignment Outwards. Consignment Inwards.
Test 15. Answers to Test 15.
Lesson 16 - Joint Venture Accounts
Joint Venture: (1) First Method (2) Alternative
Method. Test 16.
Answers to Test 16.
Lesson 17 - Branch Accounts
Introduction. Branches without Complete
Books. Branches with Complete Books.
Inter-branch transactions. Foreign Branches.
Test
17. Answers to Test 17.
Lesson 18 - Contract Accounts
Introduction. Accounting treatment of Contract
Costs and Expenses. Extra Work Done. Work
Certified. Progress Payments received.
Work-in-Progress Uncertified. Profit on incomplete
contracts. Test 18. Answers to Test 18.
Lesson 19 - Provisions And Reserves
Introduction. Provisions. Reserves. Capital
Reserve. Dividend Equalisation Reserve. Secret
Reserve. Reserve Fund. Sinking Fund. Investment
of Reserves. Nature of reserves. Test 19. Answers
to Test 19.
Lesson 20 - Royalty Accounts
Introduction. Minimum Rent. Short-workings.
Royalties Receivable. Test 20 Answers to Test 20.
PRELIMINARY EXAMINATION - Answers to Preliminary Examination.
FINAL EXAMINATION - Answers to
Final Examination.
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