Intermediate Bookkeeping

Course map

This document outlines the course structure

Introduction and course orientation

Lesson 1: Welcome Lesson 3: How do I study this course?

Unit 1: Welcome to ACCA-X Unit 1: How to use edX
Unit 2: Study tips Unit 2: Features and activities
Unit 3: Course structure
Lesson 2: Getting your diploma Unit 4: Using the discussion forums
Unit 1: About the course Unit 5: Staying safe online
Unit 2: ACCA Qualification Unit 6: problems?
Unit 3: Prior knowledge
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COURSE MAP

Section 1

Welcome Lesson 4: Bank reconciliations

Unit 1: The purpose of bank reconciliations
Lesson 1: The elements of financial statements Unit 2: Errors, omissions and timing differences
Unit 1: The elements of the financial statements Unit 3: How to prepare a bank reconciliation
Unit 2: The principles of accounting Unit 4: A worked example of a bank reconciliation
Unit 3: The accounting equation Summary
Unit 4: The difference between capital and other forms of Apply your learning
finance
Unit 5: Financial statements of a sole trader: the statement Lesson 5: Sales and purchase transactions
of financial position Unit 1: Recording sale and sales returns transactions in the
Unit 6: Financial statements of a sole trader: the statement ledger accounts
of profit or loss Unit 2: Recording purchases and purchase returns
Summary transactions in the ledger accounts
Apply your learning Unit 3: Types of discount and accounting for trade discounts
Unit 4: Accounting for settlement discounts
Lesson 2: Maintaining financial records and the flow of Summary
accounting information Apply your learning
Unit 1: Maintaining financial records
Unit 2: The users of accounting information Section summary
Unit 3: The qualitative characteristics of accounting
Additional material
information
Unit 4: The flow of accounting information Section 1 optional exam questions
Summary
Apply your learning Section 1 graded exam questions

Lesson 3: Recording cash and bank transactions using Section 1 further optional exam questions
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
Summary
Apply your learning
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Section 2

Welcome Lesson 4: Disposal of tangible non-current assets

Unit 1: Calculating profit or loss on disposal of a tangible
Lesson 1: Sales tax non-current asset
Unit 1: General principles of sales tax Unit 2: Recording the disposal of a tangible non-current
Unit 2: Administration of sales tax asset
Unit 3: Recording sales and sales returns with sales tax in Unit 3: Further disposal complications – scrapping and
ledger accounts part exchange
Unit 4: Recording purchases and purchase returns with Unit 4: The tangible non-current asset register revisited
sales tax in ledger accounts Summary
Unit 5: Recording sales tax in the ledger account Apply your learning
Unit 6: Dealing with trade discounts and sales tax
Summary Lesson 5: Receivables, payables and provisions
Apply your learning Unit 1: What are receivables and payables balances?
Unit 2: Receivables – writing off irrecoverable debts
Lesson 2: Tangible non-current assets Unit 3: Receivables – the recovery of irrecoverable debts
Unit 1: Distinction between revenue and capital Unit 4: Receivables – allowance for receivables
expenditure Unit 5: Liabilities
Unit 2: What are tangible non-current assets? Unit 6: Provisions
Unit 3: Recording the purchase of tangible non-current Summary
assets Apply your learning
Unit 4: The tangible non-current asset register
Summary Section summary
Apply your learning
Additional material
Lesson 3: Depreciation of tangible non-current assets
Section 2 optional exam questions
Unit 1: What is depreciation?
Unit 2: Depreciation – calculation methods Section 2 graded exam questions
Unit 3: Calculating depreciation for an accounting period
Unit 4: Recording depreciation Section 2 further optional exam questions
Summary
Apply your learning
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Section 3

Welcome Lesson 4: Inventory – valuation and recording

Unit 1: Inventory valuation – calculating a periodic
Lesson 1: Control account reconciliations weighted average purchase cost
Unit 1: What are the control account reconciliations? Unit 2: Inventory valuation – calculating a continuous
Unit 2: Errors in control account reconciliations weighted average purchase cost
Unit 3: The reconciliation and impact of correcting errors Unit 3: Inventory valuation – FIFO method
on the final accounts Unit 4: Inventory – valuation practice example
Unit 4: Supplier statement reconciliations Unit 5: Recording inventory in the general ledger – the
Summary accruals problem
Apply your learning Unit 6: Recording inventory in the general ledger – the
Lesson 2: Accruals and prepayments double entries
Unit 1: Business expenses Summary
Unit 2: What are accruals? Apply your learning
Unit 3: Opening accruals and the accruals account Lesson 5: Extraction of the trial balance
Unit 4: What are prepayments? Unit 1: What is the trial balance?
Unit 5: Opening prepayments and the prepayment Unit 2: The trial balance – definition, purpose and
account limitations
Unit 6: Accrued and prepaid income Unit 3: Overview of the process from trial balance to final
Summary accounts
Apply your learning Unit 4: Extracting the trial balance
Lesson 3: Inventory – an introduction Summary
Unit 2: Recording inventory transactions Apply your learning
Unit 3: Inventory – the accounting rules Section summary
Unit 4: Inventory valuation methods
Summary Additional material
Apply your learning
Section 3 optional exam questions

Section 3 graded exam questions

Section 3 further optional exam questions

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Section 4

Welcome Lesson 3: The extended trial balance

Unit 1: The extended trial balance format
Lesson 1: Correcting errors in the general ledger Unit 2: Setting up the extended trial balance
Unit 1: Errors in the general ledger Unit 3: Recording adjustments for accruals, prepayments
Unit 2: Impact of errors on the trial balance and provisions in the ETB
Unit 3: Process of correcting errors Unit 4: Recording depreciation and non-current asset
Unit 4: The suspense account adjustments in the ETB (1)
Unit 5: Clearing the suspense account – a real-world Unit 5: Recording depreciation and non-current asset
example adjustments in the ETB (2)
Unit 6: The final trial balance for Sunrise Lighting Unit 6: Recording adjustments for closing inventory
Summary Unit 7: Recording adjustments for receivables in the ETB
Apply your learning Unit 8: Recording errors in the ETB
Lesson 2: Preparation of the final accounts Unit 9: Totalling the ETB
Unit 1: Closing the ledger accounts Unit 10: Calculating the final reported profit or loss and the
Unit 2: Completing the capital account opening trial balance for the next period
Unit 3: Completing the statement of profit or loss from the Summary
trial balance Apply your learning
Unit 4: Completing the statement of financial position from Section summary
the trial balance
Summary Additional material
Apply your learning
FA2 Section 4 optional exam questions

FA2 Section 4 graded exam questions

FA2 Section 4 further optional exam questions

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COURSE MAP

Section 5

Welcome Lesson 3: Preparing partnership accounts

Unit 1: Partners’ capital and current accounts: capital
Lesson 1: Incomplete records account
Unit 1: Circumstances that lead to incomplete records Unit 2: Partners’ capital and current accounts: partnership
Unit 2: Methods of constructing accounts from incomplete loans
records Unit 3: Partners’ capital and current accounts: current
Unit 3: Incomplete records techniques: the accounting accounts with credit balances
equation Unit 4: Partners’ capital and current accounts: current
Unit 4: Incomplete records techniques: deriving missing accounts with debit balances
figures from the receivables ledger control account Unit 5: Preparing the final accounts for a partnership:
Unit 5: Incomplete records techniques: deriving missing statement of profit or loss
figures from the payables ledger control account Unit 6: Preparing the final accounts for a partnership:
Unit 6: Incomplete records techniques: deriving missing statement of financial position (1)
figures from bank and cash account Unit 7: Preparing the final accounts for a partnership:
Unit 7: Cost structure: mark-ups statement of financial position (2)
Unit 8: Cost structure: margins Summary
Unit 9: Using the trading account in more detail Apply your learning
Summary
Apply your learning Lesson 4: Admission of a new partner
Unit 1: Admission of a new partner: the partnership
Lesson 2: Introduction to partnerships agreement and goodwill
Unit 1: What is a partnership? Unit 2: Admission of a new partner: the initial accounting
Unit 2: Purpose and content of a partnership agreement entries
Unit 3: Statement of appropriation of profit: share of profit Unit 3: Admission of a partner: practice on appropriations
Unit 4: Statement of appropriation of profit: share of loss Unit 4: Admission of a partner: practicing the accounting
Unit 5: Statement of appropriation of profit: interest on entries required
drawings Summary
Unit 6: Statement of appropriation of profit: guaranteed Apply your learning
minimum profit share
Summary Section summary
Apply your learning
Additional material

Section 5 optional exam questions

Section 5 graded exam questions

Section 5 further optional exam questions

Revision section

Lesson 1: Summing up
Unit 1: Suming up
Unit 2: Revision strategy

Lesson 2: Preparing for exams

Lesson 3: Practice assessment questions

Revision test 1: Non-current assets and inventory
Revision test 2: Reconciliations
Revision test 3: Accruals, provisions and irrecoverable debts
Revision test 4: Suspense accounts and errors
Revision test 5: Incomplete records and partnerships
Revision test 6: Mixed

Lesson 4: FA2 graded practice test

Lesson 5: What next?

Unit 1: The exam
Unit 2: What comes next?
Unit 3: End of course survey