IELTS

CAIE Accounting

Hybrid
120 Hrs
Course Description

Cambridge O Level Accounting provides students with a strong foundation in financial accounting principles and practices. Learners develop skills in recording, classifying, and interpreting financial data for different types of organizations. The course covers double-entry bookkeeping, financial statements, analysis using accounting ratios, and the application of key accounting principles. It builds numeracy, analytical, and problem-solving skills essential for further study and future careers in business, finance, or economics. Assessment includes a multiple-choice paper and a structured written paper. This internationally recognized qualification prepares students for Cambridge International AS & A Level Accounting and beyond.

The course aims to develop:

  • Knowledge and understanding of accounting principles, concepts, and terminology.
  • The ability to record, summarize, and interpret financial information accurately.
  • Analytical and evaluative skills for using accounting data in decision-making.
  • A solid foundation for advanced study in accounting or related fields, such as business, finance, or economics.

The course with Eduva will provide experienced and trained instructors. The classes will be conducted online, utilizing Eduva’s Student Dashboard ensuring students to track their progress in real-time.

Course Content

1. The Fundamentals of Accounting

  • The Purpose of Accounting
  • The Accounting Equation

2. Sources and Recording of Data

  • The Double Entry System of Book-keeping
  • Business Documents
  • Books of Prime Entry

3. Verification of Accounting Records

  • The Trial Balance
  • Correction of Errors
  • Bank Reconciliation
  • Control Accounts

4. Accounting Procedures

  • Capital and Revenue Expenditure and Receipts
  • Accounting for Depreciation and Disposal of Non-current Assets
  • Other Payables and Other Receivables
  • Irrecoverable Debts and Provision for Doubtful Debts
  • Valuation of Inventory

5. Preparation of Financial Statements

  • Sole Traders
  • Partnerships
  • Limited Companies
  • Clubs and Societies
  • Manufacturing Accounts
  • Incomplete Records

6. Analysis and Interpretation

  • Calculation and Understanding of Accounting Ratios
  • Interpretation of Accounting Ratios
  • Inter-firm Comparison
  • Interested Parties
  • Limitations of Accounting Statements

7. Accounting Principles and Policies

  • Accounting Principles
  • Accounting Policies
Learning Objectives

By the end of the Cambridge O Level Accounting (7707) course with Eduva, students will be able to:

1. Understand Accounting Principles and Concepts

  • Demonstrate knowledge of the fundamental principles, concepts, and purposes of accounting.
  • Explain the role of accounting in business, non-trading organizations, and society.

2. Apply Double Entry and Recording Techniques

  • Record business transactions accurately using the double-entry system.
  • Maintain and balance ledgers, journals, and other books of prime entry.

3. Prepare and Verify Financial Information

  • Prepare trial balances and identify, correct, and explain accounting errors.
  • Reconcile cash books with bank statements and use control accounts to verify records.

4. Prepare Financial Statements for Different Entities

  • Construct accurate financial statements (income statements and statements of financial position) for:
    • Sole traders
    • Partnerships
    • Limited companies
    • Clubs and societies
    • Manufacturing businesses
  • Handle incomplete records and make necessary year-end adjustments.

5. Apply Key Accounting Procedures

  • Record and adjust for accruals, prepayments, depreciation, bad debts, and provisions.
  • Distinguish between capital and revenue expenditures and receipts.
  • Value inventory using appropriate accounting methods.

6. Analyze and Interpret Financial Performance

  • Calculate, interpret, and compare key accounting ratios.
  • Assess business profitability, liquidity, and efficiency.
  • Use financial data to make reasoned judgments and recommendations.

7. Understand Accounting Principles and Policies

  • Recognize and apply major accounting principles such as consistency, prudence, and matching.
  • Understand how accounting standards influence reporting and policy choices.

8. Develop Transferable Skills

  • Enhance accuracy, logical reasoning, and problem-solving abilities.
  • Communicate financial information clearly and effectively.
  • Build analytical thinking for higher-level studies in accounting, business, or finance.
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