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Financial Accounting Notes

Single Entry And Incomplete Records

CONTENT:   (i) Introduction (ii) Steps Involved in preparing a P&L A/C and Balance Sheet from Incomplete Records (iii) Example […]

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Financial Accounting Notes

SS2 3rd Term Financial Accounting scheme of work

THIRD TERM E-LEARNING NOTE SUBJECT:  FINANCIAL ACCOUNTING                                                             CLASS:  SS2   SCHEME OF WORK WEEK             TOPICS 1-3              Single […]

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Financial Accounting Notes

Introduction To Accounting Ratios

EVALUATION Differentiate between margin and mark-up. READING ASSIGNMENT Financial Accounting with, Ease by Onatowokan Oluyombo pages 183 – 167 GENERAL […]

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Financial Accounting Notes

Accounting Concepts And Conventions

CONTENT Definition of Concepts and Conventions Accounting Concepts Accounting Convention ACCOUNTING CONCEPTS AND CONVENTIONS Accounting concepts and convention are a […]

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Financial Accounting Notes

Disposal Of Fixed Assets

CONTENT Meaning and definition of disposal of fixed asset Methods of disposal of fixed assets and their format. Practical illustration. […]

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Financial Accounting Notes

Capital And Revenue Expenditure

CONTENT Definition of Capital and Revenue Expenditure Distinct between Capital and revenue expenditure Effects of Overstatement and Understatement of Capital […]

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Financial Accounting Notes

Manufacturing Accounts

CONTENT Meaning of Manufacturing Accounts Purpose of Manufacturing Account Element of Cost of Production Layout of Manufacturing Account Transfer Pricing […]

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Financial Accounting Notes

Departmental Accounts

CONTENT Meaning of Departmental Accounts Expenses and Apportionment Final Accounts MEANING OF DEPARTMENTAL ACCOUNTS Usually in a large organizations, the […]

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Financial Accounting Notes

SS2 2nd Term Financial Accounting scheme of work

SECOND TERM E-LEARNING NOTE SUBJECT: FINANCIAL ACCOUNTING                                                                    CLASS: SS 2 SCHEME OF WORK WEEK           TOPIC 1 – 2 […]

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Financial Accounting Notes

Depreciation Of Fixed Assets

CONTENT Causes of Depreciation Reasons for charging depreciation Factors to be considered in the computation of depreciation Methods of providing […]