Icaew Accounting Study manual 2020

The Institute of Chartered Accountants in England and Wales.

Contents

 Key resources vii

1 Introduction to accounting 1

2 The accounting equation 35

3 Recording financial transactions 67

4 Ledger accounting and double entry 85

5 Preparing basic financial statements 119

6 Errors and corrections to accounting records and financial statements 141

7 Cost of sales and inventories 165

8 Irrecoverable debts and allowance for receivables 203

9 Accruals and prepayments 223

10 Non-current assets and depreciation 249

11 Company financial statements 291

12 Company financial statements under IFRS Standards 321

13 Statement of cash flows 339

14 Company financial statements under UK GAAP 365

15 Sole trader and partnership financial statements under UK GAAP 387

 Glossary of terms 411

 Index 421

The Accounting module ensures you have a sound understanding of the techniques of double entry accounting and can apply its principles in recording transactions, adjusting financial records and preparing non-complex financial statements.

Questions within this Study Manual should be treated as preparation questions, providing you with a firm foundation before you attempt the exam-standard questions. The exam-standard questions are found in the Question Bank.

LINK DOWNLOAD