Specification points

Edexcel International GCSE (9–1) Accounting (Modular) 4XAC1

98 points in 2 topics, with Edexcel's codes and titles.

Codes and titles are read by a script from Edexcel's published specification and have not been checked by a person. What each point covers is in the specification itself: Edexcel’s specification.

U1 Introduction to Bookkeeping and Accounting

1 The accounting environment
1.1 Types of business organisation
1.1.a Characteristics of business organisations
1.1.b Stakeholders and their use of financial statements
1.2 Accounting concepts
1.2.a Significance of accounting concepts
1.3 Use of technology in accounting
1.3.a Benefits of technology in accounting
1.3.b Security of data
1.3.c Methods of protecting data
1.4 Professional ethics
1.4.a Principles of professional ethics
1.4.b Applying professional ethics to accounting roles
1.4.c Public interest in accounting roles
2 Introduction to bookkeeping
2.1 Business documentation
2.1.a Purpose of business documents
2.1.b Preparing business documents
2.1.c Preparing a cash receipt
2.2 Books of original entry
2.2.a Purpose of books of original entry
2.2.b Preparing books of original entry
2.3 Ledger accounting
2.3.a Purpose of the nominal, receivables and payables ledgers
2.3.b Double-entry recording in ledger accounts
2.4 Capital expenditure and revenue expenditure
2.4.a Capital and revenue expenditure
2.4.b Correct treatment of capital and revenue expenditure
2.5 Depreciation
2.5.a Causes of depreciation
2.5.b Straight-line and reducing balance depreciation
2.5.c Calculating and recording depreciation
2.5.d Profit or loss on disposal of non-current assets
2.6 Irrecoverable debts
2.6.a Reasons for a provision for irrecoverable debts
2.6.b Irrecoverable debts and provisions compared
2.6.c Recording irrecoverable debts and provisions
2.7 Other receivables and payables
2.7.a Reasons for accounting for other receivables and payables
2.7.b Other receivables and other payables
2.7.c Recording other receivables and payables
3 Introduction to control processes
3.1 Trial balance
3.1.a Purpose of a trial balance
3.1.b Preparing a trial balance
3.1.c Limitations of a trial balance
3.2 Control accounts
3.2.a Purpose of control accounts
3.2.b Trade receivables and trade payables control accounts
3.3 Correction of errors
3.3.a Errors affecting and not affecting the trial balance
3.3.b Journal entries to correct errors
3.3.c Suspense accounts
3.4 Bank reconciliation statements
3.4.a Purpose of bank reconciliation statements
3.4.b The bank reconciliation process
3.4.c Preparing a bank reconciliation statement

U2 Financial Statements

4 The preparation of financial statements
4.1 Financial statements of a sole trader
4.1.a Income statements: gross profit and profit for the year
4.1.b Statements of financial position
4.2 Financial statements of a partnership
4.2.a Nature of partnerships and reasons for forming one
4.2.b Limited liability partnerships
4.2.c Partnership Act 1890, Section 24
4.2.d Purpose of an appropriation account
4.2.e Partnership income statements and appropriation accounts
4.2.f Partners' current and capital accounts
4.2.g Partnership statements of financial position
4.3 Incomplete records
4.3.a Profit from opening and closing equity
4.3.b Finding revenue and purchases from incomplete records
4.3.c Final accounts from incomplete records
4.4 The calculation and interpretation of accounting ratios
4.4.a Profitability and liquidity
4.4.b Profitability ratios
4.4.c Liquidity ratios
4.5 Financial statements of a manufacturer
4.5.a Raw materials, work-in-progress and finished goods inventories
4.5.b Manufacturing accounts
5 Accounting for end of period adjustments
5.1 Application of accounting concepts
5.1.a Applying accounting concepts
5.2 Depreciation
5.2.a Causes of depreciation
5.2.b Straight-line and reducing balance depreciation
5.2.c Calculating and recording depreciation
5.2.d Profit or loss on disposal of non-current assets
5.3 Irrecoverable debts
5.3.a Reasons for a provision for irrecoverable debts
5.3.b Irrecoverable debts and provisions compared
5.3.c Recording irrecoverable debts and provisions
5.4 Other receivables and payables
5.4.a Reasons for accounting for other receivables and payables
5.4.b Other receivables and other payables
5.4.c Recording other receivables and payables