interact™ Secondary Accounting brings the principles and practices of accounting to life using dynamic animations, images, revision activities and text content. Students learn about accounting and financial issues for small businesses as well as double entry accounting.
Topic List
Double Entry Accounting:
- Understanding accounting terminology
- Accounting systems
- Input - commercial documents
- Preparing the general ledger
- Output - introducing reports
- The accounting equation
- Accounting concepts and principles
- The documents, journals and ledgers activity
- Balance day adjustments in the general journal and ledger
- Control accounts
- Preparation of reports
- Cash control
- Understanding financial reports
Accounting and Financial Issues for Small Businesses:
- Concepts and principles
- Control for debtors and creditors
- Stock recording and valuation
- Balance day adjustments
- Profit and loss statements
- Historical cash flow statements
- Budgeting
- Risk in small business
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