YAKILI | Lowersixth Accounting

Course / Course Details

Lowersixth Accounting

By - High School Accounting Tutor
0 students
166 Hours 40 Min
(0)

Course Curriculum

60 chapters
238 lectures
0 quizzes
166 Hours 40 Min total length

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1 Define ABC terminologies;

5 Min

2 • Describe the activity-based costing method for reciprocal and non-reciprocal services:

5 Min

3 Analyse expenses using the ABC approach

5 Min

4 • Calculate activity and process costs, the cost of products and that of inductors

5 Min

5 State the merits and disadvantages of the method

5 Min

1 identify missing items in single entry records;

5 Min

2 calculate cost of lost items and prepare related daybooks

5 Min

1 Define corporate accounting ;

5 Min

2 Define companies ;

5 Min

3 Identify types of companies as per the OHADA Uniform Act;

5 Min

4 legal aspects (statutes, liability of owners, nature and transferability of shares, types and amounts of contributions, concept of commercial contracts and its characteristics)

5 Min

1 Identify, classify and analyse contributions

5 Min

2 Identify the governing bodies for each type of company.

5 Min

3 Identify and calculate fiscal formation elements

5 Min

1 Record general Formation modalities

5 Min

2 Record specific formation modalities

5 Min

1 Record general formation procedures on companies

5 Min

2 Record specific formation procedures on companies

5 Min

1 Define taxation and tax

5 Min

2 Identify sources of fiscal law

5 Min

3 Define canons of taxation

5 Min

4 Describe the Cameroon taxation system (Tax administrative units, tax regimes, classification of taxes).

5 Min

1 Identify and define some basic notions on company tax computation (scope, rates, process of adjusting accounting profit to taxable profit).

5 Min

2 Determine advances on company tax and annual tax liability (advances on turnover, on purchases, on income from securities, on income from real estates)

5 Min

3 Carry out fiscal analysis of expenses (deductibility, general conditions for deductibility of expenses, specific limits for deductibility).

5 Min

4 Carry out fiscal analysis of revenues (taxable and non-taxable revenues).

5 Min

5 Prepare Statistics and Tax Returns for the declaration of the company tax (Tables T6/CF1, T7/CF1A, T8/CF1B, T9/CF1 Quater).

5 Min

6 Identify taxpayers’ obligations, pay and record the company tax

5 Min

1 Define rules on profit appropriation for each type of entity;

5 Min

2 Determine the net profit for appropriation.

5 Min

3 Identify the essential elements of the net profit for appropriation;

2 Min

1 Establish the project for the appropriation of net results;

5 Min

2 Journalise transactions on the appropriation of net result for the period.

5 Min

3 Determine dividends and payment of tax on dividend.

5 Min

1 Define cost and management accounting and identify the objectives;

5 Min

2 Differentiate cost accounting from management accounting and financial accounting

5 Min

3 Identify the importance of putting in place a cost and management accounting system for an entity;

5 Min

4 Define the notions of cost, margin, costing results, analysis centres or systems

5 Min

5 Identify the different types of production (on order, batch, job, to be stored etc);

5 Min

6 Identify and schematise production and distribution processes.

5 Min

1 Identify incorporable/absorbed, non-incorporable/nonabsorbed expenses and additional or extra expenses;

5 Min

2 Classify expenses in cost accounting;

5 Min

3 Sketch the process of distribution of expenses;

5 Min

4 Sketch the process of distribution of expenses;

5 Min

5 Define costing terminologies like cost centres, relevant cost, irrelevant cost, controllable costs, etc

5 Min

1 Determine stock levels and graphically illustrate them

5 Min

2 Define and calculate EOQ

5 Min

3 Define and calculate optimal number of orders

5 Min

4 Graphically illustrate the EOQ

5 Min

1 Identify remuneration systems and methods

5 Min

1 To value receipts into stock;

5 Min

2 To identify the need of stock valuation.

5 Min

3 To value issues from stock

5 Min

1 prepare a sales ledger control account;

5 Min

2 prepare a purchases ledger control account.

5 Min

1 Identify cost centres under full costing

5 Min

2 • identify the various steps of full cost calculation

5 Min

3 Allocate, apportion and absorb overheads to cost centres under the traditional full costing method using overhead analysis sheets/tables

5 Min

4 • Calculate purchase cost, production cost, nonmanufacturing cost (distribution and administration costs) and the cost price

5 Min

5 • Calculate over or under absorption of overheads

5 Min

6 • Evaluate the impact of products in process, byproducts, intermediate products and residual products on production cost.

5 Min

1 Calculate costing results per product, per order and per process;

5 Min

2 Differentiate financial from cost accounting information

5 Min

3 To compare financial and cost accounting results;

5 Min

1 • Calculate costing results per product, per order and per process;

5 Min

2 Give the pre-requisite and procedures of job and batch costing

5 Min

3 Present the job cost cards

5 Min

4 Apply the ABC costing principles in job and batch costing.

5 Min

5 • Present costing profit and loss account.

5 Min

1 Define contract costing

5 Min

2 • Identify the features of contract costing

5 Min

3 • Account for contract plant and progress payment.

5 Min

4 Value the work in progress (WIP)

5 Min

5 Account for profit on uncompleted contracts

5 Min

6 Present the contract account

5 Min

7 Present the contract profit and loss account.

5 Min

8 Account for long term contract

5 Min

1 Define and identify the scope of process costing

5 Min

2 Identify process cost units

5 Min

3 Value works in progress (using FIFO and weighted average cost) and equivalent units

5 Min

4 • Calculate process losses (abnormal and normal)

5 Min

5 Calculate process gains (abnormal)

5 Min

6 Account for processes with by- products and joint product

5 Min

7 • Account for waste and scraps in process costing.

5 Min

1 • Define key concepts

5 Min

2 Characteristics of Accounting software

5 Min

3 Advantages and disadvantages of Accounting software

5 Min

1 Differentiate free software from licensed software

5 Min

1 Install software in various operating environments

5 Min

1 • Starting the software

5 Min

2 • Creation of a company in “No third party” mode

5 Min

3 Closing of the software

5 Min

4 Opening of the compan

5 Min

5 Understanding the company file

5 Min

6 • Modification of the parameters of a company

5 Min

7 Making entries data in “No third party ” mode

5 Min

8 Using management cash desk wizards

5 Min

9 • Control of entries

5 Min

1 Creating a company in multiple third party mod

6 Min

2 • Closing of the software

5 Min

3 Opening of the company

5 Min

4 Modification of the parameters of a company

5 Min

5 Preparation of entries

5 Min

6 Typing entries in multiple third party mode

5 Min

7 Management cash desk wizards

5 Min

8 Control of entries

5 Min

9 Management of fixed assets

5 Min

1 Creation of a company with analytical centers

5 Min

2 Creation of a company with analytical centers

5 Min

3 Preparation of centers

5 Min

4 Accounting entries

5 Min

5 Accounting entries

5 Min

6 • Re-posting of lines

5 Min

7 • Editing the analytical statements

5 Min

8 Using of cash and bank entries wizards in analytical mode

5 Min

9 Management of cash desk wizard in analytical mode

5 Min

10 • Management of fixed assets in cost accounting mode

5 Min

1 Install of the software in various operating environment

5 Min

1 Treatment of data in the year N-1

5 Min

2 Treatment of data in the year N

5 Min

1 • Distinguish formulae with relative references from formulae with absolute references

5 Min

2 To translate an algorithm or a conditional flow chart to excel calculation and formulae

5 Min

3 • Use the functions: SUM; SUMIF; PRODUCT; DAYS360, SUM INT, COUNTIF, CONCATENATE, LEFT, RIGHT, AND, OR, MIN, MAX, ROW, ROUND, RANK; TODAY; RESEARCH; …

5 Min

4 Make the different conditional layout

N/A

5 • Make calculation on data that appears on different sheets

5 Min

6 • Overlap the logical function IF with no more than three conditions

5 Min

7 Sort and filter data

5 Min

8 Protect the file with the password

5 Min

9 Print his work

5 Min

10 Save and retrieve a file

5 Min

1 List and briefly define IAS and IFRS that are in force;

5 Min

2 Identify the bodies that issue IAS and IFRS.

5 Min

3 List and define the different accounting concepts

5 Min

4 Define GAAP

5 Min

1 Define an entity;

5 Min

2 Identify the role and place of entities in economic life;

5 Min

3 Differentiate and classify entities

5 Min

4 Identify the various functions of an entity;

5 Min

5 Present the internal organization of an entity;

5 Min

6 Identify the partners of an entity;

5 Min

7 Identify factors of production used by entities

5 Min

8 Present the operating cycles of various types of entities

5 Min

1 Define and present the financial position of an entity

5 Min

2 Analyse transactions;

5 Min

3 Record transactions in ledger accounts;

5 Min

4 Balance off accounts

5 Min

5 Present a trial balance using account balances (two, four, six and eight columns trial balances)

5 Min

6 Carry out accounting transfers by regrouping and separating accounts

5 Min

7 Identify and reconcile reciprocal accounts.

5 Min

1 Briefly narrate the history of the OHADA law;

5 Min

2 Use the chart of accounts (classification and codification of accounts, the organisation of accounts, the accounting

5 Min

3 Define the accounting systems of keeping accounts and preparation of financial statements)

5 Min

1 Sketch an accounting cycle;

5 Min

2 Record transactions in the journal;

5 Min

3 Post journal entries to ledger accounts;

5 Min

4 Balance off ledger accounts;

5 Min

5 Establish a trial balance;

5 Min

6 Present simple financial statements.

5 Min

1 Identify the domain of application of VAT;

5 Min

2 Identify the rates of VAT in Cameroon;

5 Min

3 Determine the VAT invoiced and VAT recoverable.

5 Min

4 Calculations and recording of VAT

5 Min

5 Declaration and Payment of VAT (with the use of VAT returns).

5 Min

1 Define the prepaid tax on purchases

5 Min

2 Identify its taxable and exempted transactions;

5 Min

3 Determine the value of the prepaid tax;

5 Min

1 Define and classify commercial containers;

5 Min

2 record transactions related to commercial containers (purchase, sale, consignment, renting, loan, return and destruction);

5 Min

3 Establish the stock bin card of containers

5 Min

1 o journalise transactions with VAT and the prepaid tax on purchases for the customer (perpetual and periodic inventory):

5 Min

2 the purchase invoice:

5 Min

3 credit notes related to purchase invoices for

5 Min

4 debit notes for undercharged purchases (unit price and quantity).

5 Min

1 The recording of documents for sales of goods and accessory revenues for trading entities

5 Min

2 credit notes related to sales invoices for

5 Min

3 debit notes for undercharged sales (unit price and quantity)

5 Min

1 record manufacturing business transactions with VAT (purchases, storing and issuing of raw materials for manufacturing, production, storing and issue of products for sales, sales of produc

5 Min

1 Record transactions for service entities (purchases and sales);

5 Min

2 Record transactions for engineering entities (purchases and sales).

5 Min

1 creation

5 Min

2 payment

5 Min

3 endorsement

5 Min

4 dishonour

5 Min

5 renewal of bills

5 Min

1 Record payments with cash in hand

5 Min

2 Record payments through financial institutions (banks, giro banks, microfinance institutions)

5 Min

3 Record payments with electronic money instruments (tomcards, mobile money, electronic wallets, …).

5 Min

1 Define accounting

5 Min

2 Define bookkeeping;

5 Min

3 Differentiate accounting from bookkeeping ;

5 Min

4 Identify the objectives of accounting;

5 Min

5 Narrate the history and evolution of accounting

5 Min

6 Identify the different branches in accounting;

5 Min

7 Identify the various types of accountants

5 Min

8 dentify the different users of accounting information;

5 Min

9 List the attributes of good accounting information

5 Min

1 Define the financial position of the business;

5 Min

2 Present the financial position of the business;

5 Min

3 Present the balance sheet equation

5 Min

4 Apply the duality concept.

5 Min

1 Define the double entry principle;

5 Min

2 Analyse transactions;

5 Min

3 Record transactions in ledger accounts;

5 Min

4 Calculate the balance of an account;

5 Min

5 Calculate the balance of an account;

5 Min

6 Present a trial balance.

5 Min

1 define day books

5 Min

2 present the accounting cycle;

5 Min

3 identify the various daybooks to be kept and their uses

5 Min

4 define a sales day book and present its layout;

5 Min

5 record credit sales (with and without VAT) in sales day books

5 Min

6 post entries from sales day books

5 Min

1 define a purchases day book and present its layout;

5 Min

2 define a purchases day book and present its layout;

5 Min

3 post entries from the purchases day book

5 Min

1 record returns inwards (sales returns) in the return inwards journal

5 Min

2 post entries from the sales returns’ day book.

5 Min

3 record returns outwards (purchases returns) in the returns outwards journal

5 Min

4 post entries from the purchases returns day book

5 Min

1 record transactions in the single-column, double-column and triple-column cash book

5 Min

2 post entries from the cash book.

5 Min

1 define a journal and present its layout;

5 Min

2 record transactions in the journal

5 Min

3 post entries from the journal.

5 Min

1 present the layout of a petty cash book;

5 Min

2 record transactions in the petty cash book.

5 Min

1 define trial balance and state its uses

5 Min

2 enumerate and explain elements of trial balance

5 Min

3 prepare a trial balance

5 Min

1 Treat the following end of year adjustments

5 Min

2 Impairments and other sundry adjustments

5 Min

1 establish a statement of comprehensive income for a sole trader

5 Min

2 establish a statement of financial position for a sole trader.

5 Min

1 identify and define common types of accounting errors;

5 Min

2 correct accounting errors generally using a journal;

5 Min

3 correct accounting errors via a suspense account

5 Min

1 prepare an updated cash book;

5 Min

2 prepare a bank reconciliation statement.

5 Min

Instructor

High School Accounting Tutor

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