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Revision Notes

Exam code: 7707

75 notes across 7 sections, ordered as the specification runs.


1. The Fundamentals of Accounting

The Purpose of Accounting3

2. Sources & Recording of Data

Business Documents3
Books of Prime Entry2
Double Entry Book-Keeping with Ledger Accounts8
The Cash & Petty Cash Books2

3. Verification of Accounting Records

The Trial Balance & Correction of Errors4
Bank Reconciliation2
Control Accounts3

4. Accounting Procedures

Capital & Revenue Expenditure & Receipts2
Depreciation & Disposal of Non-Current Assets3
Other Payables & Other Receivables2
Irrecoverable Debts & Provision for Doubtful Debts2
Valuation of Inventory2

5. Preparation of Financial Statements

Financial Statements for Sole Traders8
Financial Statements for Partnerships5
Financial Statements for Limited Companies4
Financial Statements for Clubs & Societies5
Financial Statements for Manufacturing Businesses3
Incomplete Records4

6. Analysis & Interpretation

Accounting Ratios6

7. Accounting Principles & Policies

Accounting Principles & Policies2