1. 2. CUES
1.1. Topic 1 What is accounting
1.1.1. The purpose of accounting
1.1.2. The principles of accouting
1.1.3. The 3 accounting statements
1.1.3.1. Cash Flow
1.1.3.2. Income Statement
1.1.3.2.1. Profit
1.1.3.3. Balance Sheet
1.1.3.3.1. Total Asset = Equity
2. 1. NOTES
2.1. Topic 1 - What is Accounting?
2.1.1. 1.1 What is accounting?
2.1.1.1. Financial Accounting
2.1.1.1.1. Profit/Loss
2.1.1.1.2. Performance
2.1.1.1.3. Financial Records
2.1.1.1.4. Shareholders
2.1.2. 1.2 Statement of principles
2.1.2.1. Qualitative characteristics of financial information
2.1.2.1.1. Relevance
2.1.2.1.2. Feasibility
2.1.2.1.3. Objectivity/Reliability
2.1.2.2. Accounting concepts
2.1.2.2.1. Historic cost
2.1.2.2.2. Duality concept
2.1.2.2.3. Realisation concept
2.1.2.2.4. Matching concept
2.1.2.2.5. Accruals concept
2.1.2.2.6. Conservatism concept
2.1.3. 1.3 Different types of business identity
2.1.3.1. Sole Trader
2.1.3.2. Partnership
2.1.3.3. Limited Company
2.1.4. 1.4 The major accounting statements
2.1.4.1. Cash Flow
2.1.4.2. Income Statement
2.1.4.3. Balance Sheet
2.1.5. 1.5 Classifying items
2.1.5.1. Drawings is money withdrawn from the business by its owner.
2.1.5.1.1. Drawings are used primarily when the business is a partnership or a sole trader.