Intermediate Financial and Management Accounting

Transcription

1 Intermediate Financial and Management Accounting Course map This document outlines the course structure. ACCA: FA2-MA2.X Intermediate Financial and Management Accounting Intermediate course orientation Lesson 1: Welcome Lesson 2: What, when and why? Lesson 3: Am I ready for this course? Lesson 4: How do I study this course? Lesson 5: Joining an online community Unit 1: Welcome Unit 2: Your tutor Unit 1: About the course Unit 2: Course structure Unit 1: Prior knowledge Unit 1: How to use the platform Unit 2: Features and activities Unit 3: Studying online Unit 4: Practice tests Unit 5: The tests Unit 6: JavaScript Unit 1: Introducing yourself Unit 2: Using the discussion forums Unit 3: Staying safe online Unit 4: Working with your tutor and other students FA2 Week 1 Welcome to Week 1 Lesson 1: The elements of financial statements Welcome to Week 1 Welcome to Lesson 1: The elements of financial statements Unit 1: The elements of the financial statements Unit 2: The principles of accounting Unit 3: The accounting equation Unit 4: The difference between capital and other forms of finance Unit 5: Financial statements of a sole trader: the statement of financial position Unit 6: Financial statements of a sole trader: the statement of profit or loss

2 Lesson 2: Maintaining financial records and the flow of accounting information Lesson 3: Recording cash and bank transactions using journals and ledger accounts Lesson 4: Bank reconciliations Lesson 5: Sales and purchase transactions Welcome to Lesson 2: Maintaining financial records and the flow of accounting information Unit 1: Maintaining financial records Unit 2: The users of accounting information Unit 3: The qualitative characteristics of accounting information Unit 4: The flow of accounting information Welcome to Lesson 3: Recording cash and bank transactions using journals and ledger accounts Unit 1: Recording cash and bank transactions in ledger accounts Unit 2: Journals Unit 3: Closing off ledger accounts Unit 4: Reporting cash and bank balances in the final accounts Welcome to Lesson 4: Bank reconciliations Unit 1: The purpose of bank reconciliations Unit 2: Errors, omissions and timing differences Unit 3: How to prepare a bank reconciliation Unit 4: A worked example of a bank reconciliation Welcome to Lesson 5: Sales and purchase transactions Unit 1: Recording sale and sales returns transactions in the ledger accounts Unit 2: Recording purchases and purchase returns transactions in the ledger accounts Unit 3: Types of discount and accounting for trade discounts Unit 4: Accounting for settlement discounts FA2 Week 1 optional exam questions FA2 Week 1 graded exam questions FA2 Week 1 further optional exam questions FA2 Week 2 Welcome to Week 2 Lesson 1: Sales tax Welcome to Week 2 Welcome to Lesson 1: Sales tax Unit 1: General principles of sales tax Unit 2: Administration of sales tax Unit 3: Recording sales and sales returns with sales tax in ledger accounts Unit 4: Recording purchases and purchase returns with sales tax in ledger accounts Unit 5: Recording sales tax in the ledger account Unit 6: Dealing with trade discounts and sales tax Unit 7: Dealing with settlement discounts and sales tax

3 Lesson 2: Tangible non-current assets Lesson 3: Depreciation of tangible non-current assets Lesson 4: Disposal of tangible non-current assets Lesson 5: Receivables, payables and provisions Welcome to Lesson 2: Tangible non-current assets Unit 1: Distinction between revenue and capital expenditure Unit 2: What are tangible non-current assets? Unit 3: Recording the purchase of tangible non-current assets Unit 4: The tangible non-current asset register Welcome to Lesson 3: Depreciation of tangible non-current assets Unit 1: What is depreciation? Unit 2: Depreciation calculation methods Unit 3: Calculating depreciation for an accounting period Unit 4: Recording depreciation Welcome to Lesson 4: Disposal of tangible non-current assets Unit 1: Calculating profit or loss on disposal of a tangible non-current asset Unit 2: Recording the disposal of a tangible non-current asset Unit 3: Further disposal complications scrapping and part exchange Unit 4: The tangible non-current asset register revisited Welcome to Lesson 5: Receivables, payables and provisions Unit 1: What are receivables and payables balances? Unit 2: Receivables writing off irrecoverable debts Unit 3: Receivables the recovery of irrecoverable debts Unit 4: Receivables allowance for receivables Unit 5: Liabilities Unit 6: Provisions FA2 Week 2 optional exam questions FA2 Week 2 graded exam questions FA2 Week 2 further optional exam questions FA2 Week 3 Welcome to Week 3 Lesson 1: Control account reconciliations Welcome to week 3 Welcome to Lesson 1: Control account reconciliations Unit 1: What are the control account reconciliations? Unit 2: Errors in control account reconciliations Unit 3: The reconciliation and impact of correcting errors on the final accounts Unit 4: Supplier statement reconciliations

4 Lesson 2: Accruals and prepayments Lesson 3: Inventory an introduction Lesson 4: Inventory valuation and recording Lesson 5: Extraction of the trial balance Welcome to Lesson 2: Accruals and prepayments Unit 1: Business expenses Unit 2: What are accruals? Unit 3: Opening accruals and the accruals account Unit 4: What are prepayments? Unit 5: Opening prepayments and the prepayment account Unit 6: Accrued and prepaid income Welcome to Lesson 3: Inventory an introduction Unit 1: What is inventory? Unit 2: Recording inventory transactions Unit 3: Inventory the accounting rules Unit 4: Inventory valuation methods Welcome to Lesson 4: Inventory valuation and recording Unit 1: Inventory valuation - calculating a periodic weighted average purchase cost Unit 2: Inventory valuation - calculating a continuous weighted average purchase cost Unit 3: Inventory valuation FIFO method Unit 4: Inventory valuation practice example Unit 5: Recording inventory in the general ledger the accruals problem Unit 6: Recording inventory in the general ledger the double entries Welcome to Lesson 5: Extraction of the trial balance Unit 1: What is the trial balance? Unit 2: The trial balance definition, purpose and limitations Unit 3: Overview of the process from trial balance to final accounts Unit 4: Extracting the trial balance FA2 Week 3 optional exam questions FA2 Week 3 graded exam questions FA2 Week 3 further optional exam questions FA2 Week 4 Welcome to Week 4 Lesson 1: Correcting errors in the general ledger Welcome to week 4 Welcome to Lesson 1: Correcting errors in the general ledger Unit 1: Errors in the general ledger Unit 2: Impact of errors on the trial balance Unit 3: Process of correcting errors Unit 4: The suspense account Unit 5: Clearing the suspense account a real-world example Unit 6: The final trial balance for Sunrise Lighting

5 Lesson 2: Preparation of the final accounts Lesson 3: The extended trial balance Welcome to Lesson 2: Preparation of the final accounts Unit 1: Closing the ledger accounts Unit 2: Completing the capital account Unit 3: Completing the statement of profit or loss from the trial balance Unit 4: Completing the statement of financial position from the trial balance Welcome to Lesson 3: The extended trial balance Unit 1: The extended trial balance format Unit 2: Setting up the extended trial balance Unit 3: Recording adjustments for accruals, prepayments and provisions in the ETB Unit 4: Recording depreciation and non-current asset adjustments in the ETB (1) Unit 5: Recording depreciation and non-current asset adjustments in the ETB (2) Unit 6: Recording adjustments for closing inventory Unit 7: Recording adjustments for receivables in the ETB Unit 8: Recording errors in the ETB Unit 9: Totalling the ETB Unit 10: Calculating the final reported profit or loss and the opening trial balance for the next period FA2 Week 4 optional exam questions FA2 Week 4 graded exam questions FA2 Week 4 further optional exam questions FA2 Week 5 Welcome to Week 5 Lesson 1: Incomplete records Welcome to week 5 Welcome to Lesson 1: Incomplete records Unit 1: Circumstances that lead to incomplete records Unit 2: Methods of constructing accounts from incomplete records Unit 3: Incomplete records techniques: the accounting equation Unit 4: Incomplete records techniques: deriving missing figures from the receivables ledger control account Unit 5: Incomplete records techniques: deriving missing figures from the payables ledger control account Unit 6: Incomplete records techniques: deriving missing figures from bank and cash account Unit 7: Cost structure: mark-ups Unit 8: Cost structure: margins Unit 9: Using the trading account in more detail

6 Lesson 2: Introduction to partnerships Lesson 3: Preparing partnership accounts Lesson 4: Admission of a new partner Welcome to Lesson 2: Introduction to partnerships Unit 1: What is a partnership? Unit 2: Purpose and content of a partnership agreement Unit 3: Statement of appropriation of profit: share of profit Unit 4: Statement of appropriation of profit: share of loss Unit 5: Statement of appropriation of profit: interest on drawings Unit 6: Statement of appropriation of profit: guaranteed minimum profit share Welcome to Lesson 3: Preparing partnership accounts Unit 1: Partners capital and current accounts: capital account Unit 2: Partners capital and current accounts: partnership loans Unit 3: Partners capital and current accounts: current accounts with credit balances Unit 4: Partners capital and current accounts: current accounts with debit balances Unit 5: Preparing the final accounts for a partnership: statement of profit or loss Unit 6: Preparing the final accounts for a partnership: statement of financial position (1) Unit 7: Preparing the final accounts for a partnership: statement of financial position (2) Welcome to Lesson 4: Admission of a new partner Unit 1: Admission of a new partner: the partnership agreement and goodwill Unit 2: Admission of a new partner: the initial accounting entries Unit 3: Admission of a partner: practice on appropriations Unit 4: Admission of a partner: practicing the accounting entries required FA2 Week 5 optional exam questions FA2 Week 5 graded exam questions FA2 Week 5 further optional exam questions Module closing section Lesson 1: Summing up Lesson 2: Preparing for exams Lesson 3: Practice assessment questions Unit 1: Summing up Unit 1: Recap Unit 2: Exam and revision tips Unit 3: Optional revision questions Unit 1: Practice test FA2 End of Module optional exam questions FA2 End of Module graded exam questions Lesson 4: What next? Unit 1: Next steps

7 MA2 Week 1 Welcome to Week 1 Lesson 1: Management information Lesson 2: Introduction to costs Lesson 3: Cost behaviour Lesson 4: Budgets and variances Lesson 5: Reporting Lesson 6: Materials Welcome to week 1 Welcome to Lesson 1: Management information Unit 1: What is management information and why do we need it? Unit 2: How do managers use information? Unit 3: Types and sources of information Unit 4: Recording management information Unit 5: Information technology (IT) in accounting Unit 6: Trainee accountants and the management accounting process Welcome to Lesson 2: Introduction to costs Unit 1: An overview of costs Unit 2: Direct and indirect costs Unit 3: Creating a cost card Welcome to Lesson 3: Cost behaviour Unit 1: Different cost behaviours Unit 2: Using the high-low method Unit 3: Long-term cost behaviour Welcome to Lesson 4: Budgets and variances Unit 1: Introduction to budgets and forecasts Unit 2: Comparisons Unit 3: Comparing and flexing budgets Unit 4: Calculating variances Unit 5: Reporting, analysing and acting on variances Unit 6: Budget control Welcome to Lesson 5: Reporting Unit 1: Analysing and presenting data Unit 2: Communicating information Unit 3: Reports Welcome to Lesson 6: Materials Unit 1: Classifying materials Unit 2: Material input and wastage Unit 3: Inventory valuation Unit 4: Inventory valuation and the cost of sales Unit 5: Advantages and disadvantages of different valuation methods Unit 6: Inventory costs and control Unit 7: Inventory control levels Unit 8: Economic order quantity Unit 9: Inventory checking

8 MA2 Week 1 optional exam questions MA2 Week 1 graded exam questions MA2 Week 1 further optional exam questions MA2 Week 2 Welcome to Week 2, current section Lesson 1: Labour Lesson 2: Other expenses Lesson 3: Job and batch costing Lesson 4: Service costing Welcome to Week 2 Welcome to Lesson 1: Labour Unit 1: What are labour costs? Unit 2: Paying for labour Unit 3: Payroll system Unit 4: Labour turnover Unit 5: Labour efficiency and utilisation Welcome to Lesson 2: Other expenses Unit 1: Classifying and recording expenses Unit 2: Capital and revenue expenditure Unit 3: Depreciation Unit 4: Depreciation methods 1 Unit 5: Depreciation methods 2 Welcome to Lesson 3: Job and batch costing Unit 1: Job costing Unit 2: Job price Unit 3: Batch costing Unit 4: Cost control Welcome to Lesson 4: Service costing Unit 1: What are services? Unit 2: Service costing: differences and difficulties Unit 3: Identifying a service cost unit Unit 4: Calculating the cost of service units MA2 Week 2 optional exam questions MA2 Week 2 graded exam questions MA2 Week 2 further optional exam questions

9 MA2 Week 3 Welcome to Week 3 Lesson 1: Absorption costing 1 Lesson 2: Absorption costing 2 Lesson 3: Marginal costing Lesson 4: Process costing 1 Lesson 5: Process costing 2 Welcome to Week 3 Welcome to Lesson 1: Absorption costing 1 Unit 1: What is absorption costing and why is it necessary? Unit 2: Overview of the absorption costing process Unit 3: Allocation Unit 4: Apportionment Unit 5: Reapportionment Welcome to Lesson 2: Absorption costing 2 Unit 1: Calculating the overhead absorption rate Unit 2: Using a predetermined absorption rate Unit 3: Over absorption and under absorption Unit 4: of the absorption costing process Unit 5: Accounting for non-production overheads Unit 6: Absorption costing for services Welcome to Lesson 3: Marginal costing Unit 1: Marginal costing Unit 2: Contribution Unit 3: Calculating profit: Differences between marginal costing and absorption costing Unit 4: Reconciling differences in profit for marginal and absorption costing Unit 5: Marginal costing versus absorption costing Welcome to Lesson 4: Process costing 1 Unit 1: Features of process costing Unit 2: Expected output, loss and scrap in process costing Unit 3: Preparing process accounts 1: Normal loss Unit 4: Preparing process accounts 2: Abnormal loss and abnormal gain Unit 5: Accounting for inventory Welcome to Lesson 5: Process costing 2 Unit 1: Joint and by-products Unit 2: Apportioning common costs to joint products Unit 3: Joint products and further processing Unit 4: By-products MA2 Week 3 optional exam questions MA2 Week 3 graded exam questions MA2 Week 3 further optional exam questions

10 MA2 Week 4 Welcome to Week 4 Lesson 1: Cost-volume-profit (CVP) analysis 1 Lesson 2: Cost-volume-profit (CVP) analysis 2 Lesson 3: Short-term decision making Lesson 4: Introduction to capital investment appraisal techniques Lesson 5: Discounted cash flow analysis Welcome to Week 4 Welcome to Lesson 1: Cost-volume-profit (CVP) analysis 1 Unit 1: Introduction to CVP analysis Unit 2: Break-even point: Equation method Unit 3: Break-even point: Contribution method Unit 4: Contribution to sales (C/S) ratio Unit 5: Margin of safety Welcome to Lesson 2: Cost-volume-profit (CVP) analysis 2 Unit 1: Target profit and selling price Unit 2: Changes in selling price and costs Unit 3: Profit/volume graphs Welcome to Lesson 3: Short-term decision making Unit 1: Limiting factors Unit 2: Relevant costs Unit 3: Make or buy decisions Welcome to Lesson 4: Introduction to capital investment appraisal techniques Unit 1: Simple and compound interest Unit 2: Nominal and effective interest rates Unit 3: Compounding and discounting Unit 4: Calculating the present value of annuities and perpetuities Welcome to Lesson 5: Discounted cash flow analysis Unit 1: Cash flow versus profit Unit 2: Present value and capital investment appraisal Unit 3: Calculating net present value (NPV) Unit 4: Calculating net present value: Further examples and practice Unit 5: Estimating Internal Rate of Return (IRR) Unit 6: The payback methods of capital investment appraisal Unit 7: Advantages and disadvantages of the different appraisal methods MA2 Week 4 optional exam questions MA2 Week 4 graded exam questions MA2 Week 4 further optional exam questions

11 MA2 Week 5 Welcome to Week 5 Lesson 1: Cash and cash flow Lesson 2: Cash management Lesson 3: Cash budgets 1 Lesson 4: Cash budgets 2 Lesson 5: Investing and financing Welcome to Week 5 Welcome to Lesson 1: Cash and cash flow Unit 1: Overview of cash and cash flow Unit 2: Cash receipts and payments Unit 3: Cash flow patterns Unit 4: Cash accounting and accruals accounting Unit 5: Liquidity and cash flow management Welcome to Lesson 2: Cash management Unit 1: Treasury functions Unit 2: Economic and financial trends Unit 3: Cash management in the public sector Unit 4: Cash handling procedures Welcome to Lesson 3: Cash budgets 1 Unit 1: Introduction to cash budgets Unit 2: Preparing a cash budget Unit 3: Cash budgets and inflation Unit 4: Introduction to time series analysis Unit 5: Finding the trend Welcome to Lesson 4: Cash budgets 2 Unit 1: Factoring in seasonal variation Unit 2: Limitations and benefits of predicting future cash flows Unit 3: Monitoring and control Welcome to Lesson 5: Investing and financing Unit 1: Cash surpluses and deficits Unit 2: Using cash surpluses: Short-term investments Unit 3: Managing cash deficits: Raising finance MA2 Week 5 optional exam questions MA2 Week 5 graded exam questions MA2 Week 5 further optional exam questions Module closing section Lesson 1: Summing up Lesson 2: Preparing for exams Lesson 3: Practice assessment questions Unit 1: Summing up Unit 1: Recap Unit 2: Exam and revision tips Unit 3: Optional revision questions Unit 1: Practice test

12 MA2 End of Module optional exam questions MA2 End of Module graded exam questions Lesson 4: What next? Unit 1: Next steps Course closing section Lesson 1: Summing up Lesson 2: What next? Unit 1: Summing up Unit 1: Entering for the exam Unit 2: What comes next Unit 3: Thank you