ZIMSEC A-Level Accounting
1.14Non-Profit making Organisations
Non-Profit making Organisations in ZIMSEC 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.
- 1.14.1State the sources of income of not-for-profit organisations (subscriptions, life membership fees, donations, income-generating activities).
- 1.14.2Prepare subscriptions accounts with advance and arrears, income statements for income-generating activities and income and expenditure accounts.
- 1.14.3Calculate the accumulated fund and draft the statement of financial position.
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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