Cambridge AS & A Level Accounting
3.1.3Clubs and societies
Clubs and societies in Cambridge AS & A Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic111 practice questions5 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 3.1.3.1Distinguish a receipts and payments account from an income and expenditure account and define and calculate the accumulated fund.
- 3.1.3.2Prepare receipts and payments accounts, accounts for trading and revenue-generating activities, subscriptions accounts, income and expenditure accounts and statements of financial position from full or incomplete records.
- 3.1.3.3Account for life memberships and donations, make year-end adjustments and evaluate sources of finance and methods of fundraising.
Lessons
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Income and expenditure account and the club's statement of financial position
55 min
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Receipts and payments account and the accumulated fund
50 min
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Sources of income and fundraising for non-profit organisations
40 min
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Subscriptions: advance, arrears and the subscriptions account
40 min
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Trading and income-generating activities of clubs
40 min
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Sample question
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