July 2018

Cambrige Notes: Principles of Accounting: Introduction to Accounting Concepts

By |2022-09-15T12:31:34+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes Notes: Introduction to Accounting Concepts

  • In the real world various measurement standards have been devised to aid communication, comparisons, trade and the sharing of ideas
  • For example units of measurement such as grams, meters, liters etc are universally used
  • We know what a kilogram looks like
  • Before the invention of these […]

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Cambrige Notes: Principles of Accounting: The Accruals concept and the Materiality concept

By |2022-09-15T12:31:35+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Accruals concept and the Materiality concept

  • As we has already been pointed out in another topic here
  • The accounting function is governed by several concepts which form part of what are known as International Financial Reporting Standards
  • In this topic we will look at:
    1. The Accruals/Matching Concept and
    2. […]


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Cambrige Notes: Principles of Accounting: The Prudence concept and the Business entity concept

By |2022-09-15T12:31:35+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Prudence concept and the Business entity concept

  • In another topic you were introduced to the idea of accounting concepts
  • These are the underlying principles that govern the accounting discipline
  • In this topic we will look at the following concepts:
  • The Business Entity Concept
  • The Prudence Concept

Business Entity Concept

  • You […]

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Cambrige Notes: Principles of Accounting: Current Asset Ratio

By |2022-09-15T12:31:51+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Introduction to Liquidity Ratios: Current Asset Ratio

  • As pointed out in the introduction
  • One of the liquidity ratios that you need to be familiar with is the Current Asset Ratio
  • Like all liquidity ratios it measures how well a business will be able to settle its short term obligations as […]

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January 2018

Principles of Accounting: Current Asset Ratio

By |2022-09-15T12:33:00+02:00January 22nd, 2018|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Introduction to Liquidity Ratios: Current Asset Ratio

  • As pointed out in the introduction
  • One of the liquidity ratios that you need to be familiar with is the Current Asset Ratio
  • Like all liquidity ratios it measures how well a business will be able to settle its short term obligations as and when […]

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August 2017

Principles of Accounting: The Prudence concept and the Business entity concept

By |2022-09-15T12:33:19+02:00August 9th, 2017|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: The Prudence concept and the Business entity concept

  • In another topic you were introduced to the idea of accounting concepts
  • These are the underlying principles that govern the accounting discipline
  • In this topic we will look at the following concepts:
  • The Business Entity Concept
  • The Prudence Concept

Business Entity Concept

  • You might […]

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Comments Off on Principles of Accounting: The Prudence concept and the Business entity concept

Principles of Accounting: The Accruals concept and the Materiality concept

By |2022-09-15T12:33:19+02:00August 9th, 2017|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: The Accruals concept and the Materiality concept

  • As we has already been pointed out in another topic here
  • The accounting function is governed by several concepts which form part of what are known as International Financial Reporting Standards
  • In this topic we will look at:
    1. The Accruals/Matching Concept and
    2. The […]

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Comments Off on Principles of Accounting: The Accruals concept and the Materiality concept

Principles of Accounting: Introduction to Accounting Concepts

By |2022-09-15T12:33:20+02:00August 9th, 2017|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting Notes: Introduction to Accounting Concepts

  • In the real world various measurement standards have been devised to aid communication, comparisons, trade and the sharing of ideas
  • For example units of measurement such as grams, meters, liters etc are universally used
  • We know what a kilogram looks like
  • Before the invention of these standards people […]

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Comments Off on Principles of Accounting: Introduction to Accounting Concepts
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