Syllabus D7
Accruals and prepayments 1 / 8
a) Understand how the matching concept applies to accruals and prepayments.
b) Identify and calculate the adjustments needed for accruals and prepayments in preparing financial statements.
c) Illustrate the process of adjusting for accruals and prepayments in preparing financial statements.
d) Prepare the journal entries and ledger entries for the creation of an accrual or prepayment.
e) Understand and identify the impact on profit and net assets of accruals and prepayments.
Accrued expenses
8:06
Calculating accrued expenses
8:06
Calculating prepaid expenses
4:50
Calculating accruals and prepayments
3:46
Reversal of opening accruals and prepayments
3:47
Further Question: accrual and prepayments
2:16
Accrued and Deferred Income
5:28
Mock exam 1 Q11
0:54
Mock exam 1 Q16
1:14
Mock exam 1 Q22
1:02
Mock exam 1 Q28
1:15
Mock exam 2 Q7
2:34
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D8. Receivables and payables
3 day revision course
Day 2. Recording Transactions