Entire Topic Resource - AQA Accounting 3.16 Accounting for Limited Companies

Entire Topic Resource - AQA Accounting 3.16 Accounting for Limited Companies

Excellent quality and comprehensive PowerPoint resource.

This teaching resource covers the entire topic of 3.16 – Accounting for Limited Companies, from the newly updated A Level specification for AQA Accounting.

Every element of 3.16 is covered and explained in full, including: up to date examples; teaching activities; student activities; and comprehensive explanations.

this resource is to be used in conjunction with the free to download Limited Company Exam Questions + Limited Company Answers pack

1. The use of accounting techniques and principles when drafting financial statements for limited companies (based on IAS1).

o An excellent overview of how the Cash Flow Statement (CFS) is constructed. How to interpret it. Evaluation of the numerical information included in the Cash Flow Statement. Examples of production, including worked examples and student questions.

o An excellent overview of how the Schedule of Non-Current Assets (SNCA) is constructed. How to interpret it. Evaluation of the numerical information included in the SNCA. Examples of production, including worked examples and student questions. included in this section is an overview of how to deal with the revaluation of NCA in accordance with 3.16

1. The difference between the issue of shares, a rights issue and a bonus issue, and recording the effect of such transactions in financial statements.

o An overview of how shares are sold including a comprehensive comparison between a ‘normal’ share issue vs a rights issue vs a bonus issue
o Links made to the CFS and the SOCE

1. The requirement to publish accounts and how these are used by a variety of stakeholders.

o Sections on: Why do companies have to publish accounts?; Statutory Accounts vs Annual Reports; Internal vs External stakeholder groups; An overview of the regulatory framework applied to the procedure of publishing accounts.

1. Included in this section is an overview of the purpose and importance of the international accounting standards framework.

A section of this PowerPoint resources has also been dedicated to the numerical adjustments necessary for dealing with Corporation Tax – including treatment in the IS, SOFP and CFS.

There is also a comprehensive revision of 3.7 – Limited Company Accounts, including an overview of:
• Income Statement (IS) for a Limited Company
• Statement of Financial Position (SOFP) for a Limited Company
• Statement of Changes in Equity (SOCE) for a Limited Company included in this section is an overview of how to deal with the revaluation of NCA in accordance with 3.16