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Page 1

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Accounting Unit 3
Topic Description Red Amber Green
Assess different types
of business finance:
Internal finance
Shares
Sources of finance
Debentures
Bank loans
Overdrafts
Mortgages
Prepare a statement of
affairs
Calculate profit or loss
from changes in
capital over time
Calculate credit sales
and purchases figures
using total accounts
Calculate…

Page 2

Preview of page 2
Prepare capital and
current accounts of
partners
Account for changes in
a partnership,
including:
Including changes in
profit-sharing
Revaluation of assets
Goodwill
Retirement of a
partner
Admission of a partner
Dissolution of a
partnership
Garner v Murray
Identify the main
elements of published
reports and explain
why limited
companies are…

Page 3

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Explain the difference
between the duties of
the directors and
auditors with regard to
the accounts


Explain and comment
on the purpose and
importance of the
following international
accounting standards:
IAS 1 Presentations
of financial statements
IAS 2 Inventories
IAS 7 Cash flow
statements
IAS 8 Net profit or
loss…

Page 4

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Page 5

Preview of page 5

Comments

pujaB

Report

this is great!!! Do you have a checklist for ACCN1 and ACCN2? Thank you! 

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Pages in this set

Page 1

Preview of page 1
Accounting Unit 3
Topic Description Red Amber Green
Assess different types
of business finance:
Internal finance
Shares
Sources of finance
Debentures
Bank loans
Overdrafts
Mortgages
Prepare a statement of
affairs
Calculate profit or loss
from changes in
capital over time
Calculate credit sales
and purchases figures
using total accounts
Calculate…

Page 2

Preview of page 2
Prepare capital and
current accounts of
partners
Account for changes in
a partnership,
including:
Including changes in
profit-sharing
Revaluation of assets
Goodwill
Retirement of a
partner
Admission of a partner
Dissolution of a
partnership
Garner v Murray
Identify the main
elements of published
reports and explain
why limited
companies are…

Page 3

Preview of page 3
Explain the difference
between the duties of
the directors and
auditors with regard to
the accounts


Explain and comment
on the purpose and
importance of the
following international
accounting standards:
IAS 1 Presentations
of financial statements
IAS 2 Inventories
IAS 7 Cash flow
statements
IAS 8 Net profit or
loss…

Page 4

Preview of page 4

Page 5

Preview of page 5

Comments

pujaB

Report

this is great!!! Do you have a checklist for ACCN1 and ACCN2? Thank you!