January 2023

Inventory valuation methods: LIFO

By |2022-09-15T12:32:23+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Last In First Out (LIFO)

Read More
Comments Off on Inventory valuation methods: LIFO

Absorption of Overheads: Overhead Analysis Sheet Example

By |2022-09-15T12:30:43+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Absorption of Overheads: Overhead Analysis Sheet Example

  • In this example we will look at how you can use an overhead analysis sheet to allocate and apportion overhead costs
  • It is important to note that while the format shown below is the most popular
  • It is entirely […]
Read More
Comments Off on Absorption of Overheads: Overhead Analysis Sheet Example

AS A Level Business: Introduction To Debentures

By |2022-09-15T12:29:47+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Accounting, ZIMSEC A Level Business Studies|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Types of businesses: Limited Companies: Debentures

  • In addition to raising capital (money) using shares,
  • Companies also often raise money by issuing (selling) debentures
  • While shares are considered as a part of (or a unit of) capital debentures are considered a […]
Read More
Comments Off on AS A Level Business: Introduction To Debentures

Inventory valuation methods: LIFO: Example Question

By |2022-09-15T12:32:22+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Last In First Out (LIFO): Example Question

If you are viewing this post on a small screen/mobile device please view it in Landscape Mode otherwise it will be distorted.

Read More
Comments Off on Inventory valuation methods: LIFO: Example Question

Absorption of Overheads: Reapportionment of service costs with no interwork

By |2022-09-15T12:30:42+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Reapportionment of service costs no interwork

Read More
Comments Off on Absorption of Overheads: Reapportionment of service costs with no interwork

Inventory valuation methods: LIFO: Solution to Example Question

By |2022-09-15T12:32:22+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Last In First Out (LIFO): Example Question

If you are viewing this post on a small screen/mobile device please view it in Landscape Mode otherwise it will be distorted.

Read More
Comments Off on Inventory valuation methods: LIFO: Solution to Example Question

Absorption of Overheads: Reapportionment of service costs where there is interwork

By |2022-09-15T12:30:41+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Reapportionment of service costs where there is interwork

  • We have already looked at the need for reapportioning the portion of overheads that would have been allocated and apportioned to service cost centres
  • We also looked a simple example where there was no inter work among departments […]
Read More
Comments Off on Absorption of Overheads: Reapportionment of service costs where there is interwork

A Level Accounting: Introduction to costs and management accounting

By |2022-09-15T12:32:29+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Introduction to Cost and Management Accounting

  • All Accounting can generally be divided into two branches:
    • Financial Accounting
    • Cost and Management Accounting

Financial Accounting

  • involves the recording the financial transactions of an organisation
  • And summarising them in periodic financial statements for external stakeholders who want to analyse and […]
Read More
Comments Off on A Level Accounting: Introduction to costs and management accounting

Inventory valuation methods: AVCO

By |2022-09-15T12:32:21+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: Weighted Average Cost(AVCO)

If you are viewing this post on a small screen/mobile device please view it in Landscape Mode otherwise it will be distorted.

Read More
Comments Off on Inventory valuation methods: AVCO

Absorption of Overheads: Solution to Reapportionment of service costs question

By |2022-09-15T12:30:40+02:00January 24th, 2023|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Reapportionment of service costs where there is interwork

  • This is a solution to the question found here
  • First we will use the repeated distribution method to redistribute service costs
  • Lastly we will use the algebraic method to reapportion costs
  • We have already looked at why […]
Read More
Comments Off on Absorption of Overheads: Solution to Reapportionment of service costs question
Toggle Sliding Bar Area
Go to Top