Skip to content

Cambridge AS & A Level Accounting

1.5Preparation of financial statements

Preparation of financial statements in Cambridge AS & A Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Topic372 practice questions17 lessons

In this topic

Lessons

  • Accruals and prepayments of expenses and income in the ledger

    50 min

    Full access
  • Irrecoverable (bad) debts, recoveries and allowances for doubtful debts

    50 min

    Full access
  • Year-end adjustments to the draft financial statements

    55 min

    Full access
  • Final accounts from incomplete records

    65 min

    Full access
  • Final accounts of a sole trader

    60 min

    Full access
  • Missing figures: total accounts, cash summaries, margin and mark-up

    55 min

    Full access
  • Statement of affairs and profit from the accounting equation

    45 min

    Full access
  • Partnership accounts: appropriation, capital and current accounts

    60 min

    Full access
  • The partnership agreement and the Partnership Act 1890

    40 min

    Full access
  • Bonus issues and rights issues

    55 min

    Full access
  • Company statement of financial position

    60 min

    Full access
  • Company statement of profit or loss

    55 min

    Full access
  • Issue of shares at par or at a premium

    55 min

    Full access
  • Loan notes and debentures: issue, redemption and convertible loan stock

    55 min

    Full access
  • Long-term capital: shares, loan notes and their advantages and disadvantages

    45 min

    Full access
  • Share capital, dividends and reserves

    50 min

    Full access
  • Statement of changes in equity

    55 min

    Full access

Join to read every lesson, or see what Full access includes.

Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Preparation of financial statements: sample question

1 mark

What is a bonus issue of shares?

Choose one answer

Turn Preparation of financial statements into a strength.

Practise with instant marking, see your mastery grow and get a study plan built around your exam date.