Accounting (IAS) Level 3
I. Objectives:
- to develop the ability and interpret accounts for sole traders, partnerships, non-trading organisations, companies and groups
of companies in accordance with basic accounting convention and current accounting practice;
- to develop the ability to apply the principles of decision making.
II. Examination Format
- 3 hours
- 4 out of 5 questions (25% each)
- the questions can relate to more than one topic area from the syllabus
III. Contents
|
Chapter |
Topics |
Update on |
|
1. |
Partnership accounts |
|
|
2. |
Incomplete records |
|
|
3. |
Control accounts and correction of errors |
|
|
4. |
Accounting for non-trading organizatios |
|
|
5. |
Issue of shares; issue and redemption of debentures |
|
|
6. |
Redemption of ordinary and preferred shares |
|
|
7. |
Profits prior to incorporation |
|
|
8. |
Interest on capital |
|
|
9. |
Accounting convention and policies |
|
|
10. |
IAS 1 – Presentation of financial statements |
|
|
11. |
IAS 2 – Inventories |
|
|
12. |
IAS 16 – Property, plant and equipment |
|
|
13. |
Distributable profits |
|
|
14. |
IAS 7 – Statement of cash flows |
|
|
15. 16. |
Accounting ratios Consolidated balance sheet (Consolidated statement of financial position) |
|
|
17. |
Consolidated income statement |
|
|
18. |
Budgeted financial statements |
|
|
19. |
Introduction to decision making |
|
Past Papers:
2003 - 2007 Questions
2010 S2 Q&A
2010 S3 Questions
2010 S3 Answers
2010 S4 Questions
2010 S4 Answers
Prepared by: Harris Lui
