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Unit 01
Unit 02
Unit 03
Unit 04
Unit 05
Unit 06
Unit 07
Unit 08
Unit 09
Unit 10
Unit 11
Unit 12
Unit 13
Unit 14
unit-15
unit-16
Accounts
High Yield Topics
Unit 01
Evaluates the importance of providing accounting information to the parties who are interested in making taking decisions
Analyses the changes and trends in accounting based on changes in accounting environmental factors
Analyses accounting as a process
Unit 02
Evaluates how the total assets of a business agree with its total of liabilities and equity
Discloses the changes in equity through the transactions and events of business
Prepares Income statement and statement of Financial Position using accounting equation
Unit 03
Records business transactions and events based the double entry system
Record transactions and events of a business.
Unit 04
Evaluates the importance of maintaining prime entry books
Records cash transactions of a business
Maintains the petty cash book to record petty cash expenses
Prepares bank reconciliation statement
Maintains records related to trading goods purchased on credit
Maintains information related to trade stocks sold on credit
Records transactions in the General Journal
Indicates relationship between Control accounts and Subsidiary Ledgers
Prepare financial statements after balancing ledger accounts
Rectifies the errors that occur in recording transactions
Unit 05
Analyses Accounting concepts
Analyses the Business / Accounting entity and the entity concept
Applies going concern concept
Applies the money measurement concept
Applies the periodic concept
Applies the accrual concept
Applies the realization concept
Applies the matching concept
Applies the concept of historical cost concept
Applies the prudence concept
Applies the materiality concept
Applies the substance over form concept
Applies the disclosure concept
Applies consistency concept
Unit 06
Explains the importance of financial statements of a sole trader business
Prepares Income Statements and Statement of Financial Position of a sole proprietorship
Unit 07
Calculates cost of production of a manufacturing business
Takes decisions in accordance with financial statements of manufacturing business
Unit 08
Clarifies the need for the maintenance of accounts in a ‘ not for profit’ organization
Reveals financial position and performance of a ‘ not for profit’ organization
Unit 09
Explains ‘Incomplete records’ and presents the reasons for it
Prepares the financial statements by converting incomplete records to double entries
Unit 10
Explains legal environment of a partnership business
Evaluates special transactions of partnership businesses
Reveals the partners equity
Prepares the income statement of the partnership and appropriates the profits or losses among partners
Accounting for the transactions and events that occur at the admission and retirement of partners
Unit 11
Analyze legal background of Sri Lanka Accounting Standards
Analyze Conceptual Framework for Financial Reporting
Accounting and discloses changes in Accounting Estimates Policies and errors
Explaining the main concepts relating to inventory and accounting for inventory
Defining basic concepts and accounting for property plant and equipment
Discloses and accounting for provisions, contingent liabilities and contingent assets according to Sri Lanka Accounting standard
Understands Accounting for Right to use of Lease property
Disclosure and Accounting for events after reporting period
Keeps accounts and discloses Revenues
Unit 12
Analyze legal background relating to Limited Liability Company
Accounting records for issuing shares by collecting consideration at once
Accounting for Reserve Capitalization and right issue
Preparing of financial statement of Limited Liability Company by applying Sri Lanka Accounting Standards
Prepare Statement of Cash flows of a limited liability company accordance with the Sri Lanka Accounting Standard
Unit 13
Emphasis the requirement and importance of interpreting financial statements
Calculates and Interprets liquidity ra
Calculating and interprets Leverage Ratios
Calculating interprets Profitability Ratios
Calculates and interprets efficiency ratios
Calculates and interprets investors’ ratios
Unit 14
Make use of Management Accounting for Decision Making
Analyses basic concepts of Management Accounting
Uses Process of Material Control
Records the labour cost
Evaluation of Basic Concepts of Management Accounting
Prepare pay sheet
Absorbs Overhead Cost to a Product
unit-15
Analyses the behaviour of cost
Supports the decision making using cost volume profit analysis
unit-16
Plans the process of long term decision making
Supports to make investment decisions by using different capital evaluation methods
Plans the process of long term decision making
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Defining basic concepts and accounting for property plant and equipment
Author :
Admin Astan
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Topic updated on 04/28/2023 09:19am
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