paper 1.1 preparing financial statements
* preparation of a balance sheet or p&l account for a sole trader.
* consolidated balance sheet for a company.
* calculation of various ratios with a discussion of the pros and cons of ratio anlaysis.
* incomplete records for a sole trader.
* discussion of accounting concepts and possibly problems with historic cost accounting.
* accounting for non current assets.
paper 1.2 financial informationfor management
* cost classification and behaviour.
* material, labour, and overhead costs.
* absorption and marginal costing.
* process costing.
* standard costing (includes variances).
* cvp analysis (includes break-even).
* pricing methods.
* relevant costing.
* limiting factors and linear programming.
pq tip: the vast majority of the marks in this paper will be for calculations.
paper 1.3 managing people
* leadership & motivation.
* organisational culture.
* health & safety.
* delegation.
* organisational structures.
paper 2.1 information systems
* business strategy and is/it strategy.
* trends in it.
* outsourcing.
* recharging is/it costs.
* legacy systems.
* projects: quality plans, slippage.
* systems development methodologies (see student accountant article, august 2005).
* data flow diagram, business event model.
* external design, data input.
* software packages v bespoke.
* security, physical, passwords, validation and encryption.
* prototyping case and 4gl.
* quality management, quality assurance, quality control, v-model.
* changeover methods.
* metrics (student accountant article february 2005).
* maintenance.
paper 2.2 corporate & business law
* delegated legislation.
* doctrine of precedent.
* impact of the human rights act 1998.
* offer and acceptance.
* consideration.
* exclusion clauses.
* breach & remedies.
* powers and duties of agents.
* limited liability partnerships.
* duties of employers and employees.
* discrimination.
* wrongful and unfair dismissal.
* veil of incorporation and lifting the veil.
* content and purpose of memorandum and articles of association.
* raising and maintenance of share capital.
* debentures and charges.
* directors’ duties and powers.
* company insolvency.