Paper 1.1 Preparing Financial Statements * Preparation of a balance sheet or P&.L account for a sole trader. * Consolidated balance sheet for a company.
* Calculation of various ratios with a discussion of the pros and cons of ratio anlaysis. * Incomplete records for a sole trader. * Discussion of accounting concepts and possibly problems with historic cost accounting. * Accounting for non current assets.
Paper 1.2 Financial Information for Management * Cost classification and behaviour. * Material, labour, and overhead costs. * Absorption and marginal costing. * Process costing. * Standard costing (includes variances). * CVP analysis (includes break-even). * Pricing methods. * Relevant costing. * Limiting factors and linear programming. PQ tip: The vast majority of the marks in this paper will be for calculations.
Paper 1.3 Managing People * Leadership &. motivation. * Organisational culture. * Health &. safety. * Delegation. * Organisational structures.
Paper 2.1 Information Systems * Business strategy and IS/IT strategy. * Trends in IT. * Outsourcing. * Recharging IS/IT costs. * Legacy systems. * Projects: quality plans, slippage. * Systems development methodologies (see Student Accountant article, August 2005). * Data flow diagram, business event model. * External design, data input. * Software packages v bespoke. * Security, physical, passwords, validation and encryption. * Prototyping CASE and 4GL. * Quality management, quality assurance, quality control, V-model. * Changeover methods. * Metrics (Student Accountant article February 2005). * Maintenance.
Paper 2.2 Corporate &. Business Law * Delegated legislation. * Doctrine of precedent. * Impact of the Human Rights Act 1998. * Offer and acceptance. * Consideration. * Exclusion clauses. * Breach &. remedies. * Powers and duties of agents. * Limited liability partnerships. * Duties of employers and employees. * Discrimination. * Wrongful and unfair dismissal. * Veil of incorporation and lifting the veil. * Content and purpose of memorandum and articles of association. * Raising and maintenance of share capital. * Debentures and charges. * Directors’ duties and powers. * Company insolvency.