Cambridge AS & A Level Accounting
1.2.1The accounting system
The accounting system in Cambridge AS & A Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic108 practice questions5 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 1.2.1.1Apply the principles of double entry and the accounting equation to record transactions in the books of prime entry (sales, sales returns, purchases, purchases returns journals, cash book and general journal) and ledger accounts.
- 1.2.1.2Explain the purpose of a trial balance and the advantages and disadvantages of keeping full accounting records.
- 1.2.1.3Apply the concepts of business entity, historic cost, money measurement, going concern, consistency, prudence, realisation, duality, materiality, objectivity, matching/accruals and substance over form.
- 1.2.1.4Explain the use, advantages and disadvantages of computerised accounting systems and ways of securing data (no specific software).
Lessons
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Books of prime entry and the general journal
55 min
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Computerised accounting systems: use, advantages, disadvantages and data security
35 min
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Concepts of recording: entity, historical cost, money measurement, duality, objectivity
40 min
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Concepts of reporting: prudence, matching, realisation, materiality, consistency, going concern, substance over form
45 min
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Double entry, the accounting equation and ledger accounts
55 min
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Sample question
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