Part 5 - Financial statements of other organisations Revision Notes
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1. Single Entry and Incomplete Records - Syllabus aim is to prepare a statement of affairs and to apply the techniques of mark-up, margin and inventory turnover to arrive at missing figures.
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2. Club Accounts - Syllabus aim is to prepare a receipts and payments account and income and expenditure account.
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3. Partnership Accounts - Syllabus aim is to draw up partners’ capital and current accounts in ledger account form and as part of a statement of financial position presentation.
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4. Limited Company Accounts - Syllabus aim is to understand
the capital structure of a limited company comprising preference share capital, ordinary share capital, general reserve, retained profits and to prepare an appropriation account. |
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5. Manufacturing Accounts - Syllabus aim is to distinguish between direct and indirect costs and to calculate the cost of production.
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6. Analysis & Interpretation of Accounts - Syllabus aim is to calculate ratios and comment on simple statements showing comparison of results for different years.
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