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Cambridge Online Classes (IGCSE Accounting )

The Cambridge IGCSE Accounting course provides students with a solid foundation in the principles of accounting and its application in real-world business scenarios. It emphasizes both theoretical understanding and practical skills, enabling learners to record, analyze, and interpret financial data effectively. This course is ideal for students looking to pursue careers in finance, business, or entrepreneurship, or for those seeking to develop essential life skills in financial management

Course Benefits

By taking the IGCSE Accounting course, you will:

• Develop essential financial skills: Learn to record, analyze, and interpret financial information.
• Gain a strong foundation for further study: Prepare for advanced accounting courses and business degrees.
• Enhance your career prospects: Acquire valuable skills sought after by employers in various industries.
• Improve critical thinking and problem-solving abilities: Apply accounting principles to real-world scenarios.
• Understand the economic impact of business decisions: Gain insights into how financial decisions affect organizations.
• Develop a global perspective: Learn about international accounting standards and practices.
• Enhance your numeracy and literacy skills: Improve your ability to work with numbers and communicate financial information effectively.
• Cultivate a strong work ethic and attention to detail: Develop the discipline and precision required for accurate financial record-keeping.

What you’ll learn

• At the end of this course, you will have covered every topic you need to blitz the IGCSE exams.

Course content:

Basic Accounting Concepts:
Fundamental accounting terms
Accounting equation
Double-entry system of bookkeeping

Ledger Accounts:
Preparation and maintenance of ledger accounts
Purchases, sales, expenses, and income accounts
Trial Balance and Bank Reconciliation:
Preparation of trial balances
Bank reconciliation statements

Control Accounts:
Concept of control accounts
Verification of subsidiary ledgers

Correction of Errors:
Procedures for correcting errors in accounting records
Capital and Revenue Expenditure:
Distinguishing between capital and revenue expenditure
Impact on financial statements

Depreciation:
Concept of depreciation
Calculation using different methods (straight-line and reducing balance)

Inventory Valuation:
Methods of inventory valuation (FIFO, LIFO, and weighted average)

Accruals and Prepayments:
Accounting treatment of accruals and prepayments

Manufacturing Accounts:
Concept of manufacturing accounts
Calculation of cost of production

Partnership Accounts:
Accounting treatment of partnerships
Profit-sharing ratios
Preparation of partnership accounts

Financial Statements:
Preparation of income statements, balance sheets, and cash flow statements

Interpretation of Financial Statements:
Analysis and interpretation of financial statements using ratios and other techniques