IGCSE Accounting Foundation Lessons
This course is for students studing Accounting and preparing for the IGCSE, GCSE, or high school examinations. It focuses on building a solid understanding of recording business transactions and key accounting concepts, giving students the confidence to tackle more advanced accounting topics.
Course Content
01
Learn and relate the common terms used in accounting to common words used in our daily life.
02
Learn the meaning of the key accounting groups – assets, liabilities, and owner’s equity and understand how they are linked through the Accounting Equation. You will also learn to apply the Accounting Equation to record business transactions.
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03
Learn how every business transaction is recorded using the double entry system of book-keeping in a clear and simple way.
04
Learn step by step how to record business transactions in the general journal.
05
Learn how transactions in the journal are posted to the ledger account and how to prepare and record transactions in the T-ledger account. We will also learn how to close these accounts to the financial statements.
05
Learn how to post entries from the cash book, petty cash book, sales journal, purchases journal, sales returns journal, purchases return journal, and the general journal to the ledger. You will also learn how to apply the imprest system for petty cash.
05
Learn the difference between trade discount and cash discount, and how to calculate them. You will also learn how to record discount allowed and discount received in the journals and ledger accounts.