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

 

Examination Trend

 

Past Papers:

2003 - 2007  Questions

                        Answers

2008 S3

2008 S4

2009 S2

2009 S3

2009 S4

2010 S2 Q&A

2010 S3 Questions

2010 S3 Answers

2010 S4 Questions

2010 S4 Answers

 

Prepared by: Harris Lui

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