ZIMFundi
Sign inJoin free

Cambridge · O Level · Syllabus 7707

Accounting

6 topics6 with notes

Cambridge O Level ZIMSEC A Level Cambridge A Level
Form 4Writing O Level finals this year?Revision mode: every Accounting past paper by year, with marking schemes, and a checklist of the whole syllabus.
0%

Study this subject topic by topic

Progress is saved on this device. Join free to keep it everywhere.

Start studying

Form 3 3 topics

  1. Fundamentals of accounting Book-keeping records financial transactions; accounting summarises, analyses and communicates them. Users: owners, managers, lenders, suppliers, employees, tax authorities and potential investors. Notes 1 PDF
  2. Sources and recording of data Invoice, credit note, debit note, statement of account, cheque counterfoil, paying-in slip, receipt, petty cash voucher; trade discount and cash discount. Notes 1 PDF
  3. Verification of accounting records Lists ledger balances to check arithmetical accuracy. Errors not revealed: omission, commission, principle, original entry, complete reversal and compensating errors. Notes 1 PDF

Form 4 1 topicsExam year

  1. Accounting procedures: adjustments Capital expenditure buys or improves non-current assets; revenue expenditure covers running costs. Notes 1 PDF

Form 3 1 topics

  1. Preparation of financial statements Income statement (revenue, cost of sales, gross profit, other income, expenses, profit for the year) and statement of financial position (non-current assets, current assets, capital, non-current and current liabilities). Notes 1 PDF

Form 4 1 topicsExam year

  1. Analysis and interpretation Gross margin = GP ÷ revenue × 100; mark-up = GP ÷ cost of sales × 100; profit margin = profit for the year ÷ revenue × 100; return on capital employed (ROCE) = profit ÷ capital employed × 100. Notes 1 PDF