ZIMSEC A-Level Accounting
1.2Accounting Concepts
Accounting Concepts in ZIMSEC A-Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic44 practice questions2 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 1.2.1State and explain the historical cost, money measurement, substance over form, realisation, prudence, matching (accruals), materiality, consistency and going concern concepts.
- 1.2.2Apply the accounting concepts in preparing financial statements and analyse their importance.
Lessons
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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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Sample question
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