# Accounting Ace Shop

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I am an accounting tutor and author. I was a tutor for Kaplan for over 10 years. I have a YouTube channel free-to-watch videos aimed at accounting tutors and students: https://www.youtube.com/channel/UCyZsOw5d_MdaRkud-tYQq_g

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I am an accounting tutor and author. I was a tutor for Kaplan for over 10 years. I have a YouTube channel free-to-watch videos aimed at accounting tutors and students: https://www.youtube.com/channel/UCyZsOw5d_MdaRkud-tYQq_g

#### Accounting Equation Lesson - Powerpoint

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This is a lesson on the accounting equation. It introduces the accounting equation and the main financial statement elements (assets, liabilities, capital). It then works through four transactions, step by step, showing how each one impacts the accounting equation. On each slide, new content is added in blue - helping students to clearly see the dual impact of each transaction. A YouTube video, available on this page, provides a demonstration of how to use this resource.

#### Accounting Foundations: Questions

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This is a book of questions and answers on the following six accounting topics: Accounting equation Statement of financial position Statement of profit or loss Debits and credits T-accounts Trial balance The questions include a range of styles, such as multiple-choice, calculations, and preparation of T-accounts. They are perfect for revision and exam question practice. Two case studies are also included that require students to provide journals for a range of transactions. They must then record these in T-accounts, extract a trial balance, and prepare the financial statements. Twelve videos accompany the question bank and can be viewed here: https://bit.ly/3qqAw1R In order to aid student understanding, and to help cement basic principles, the questions included do not cover adjustments such as depreciation, accruals, prepayments or irrecoverable debts.

#### Debits and Credits Lesson (Tutorial)

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This is a powerpoint lesson on debits and credits aimed at A-level Accounting as well as a pdf of 16 questions and answers on the topic. The powerpoint uses the pneumonic ‘DEAD CLIC’ to help students remember which accounts need to be debited and which need to be credited. It applies this on four different transactions, showing how to derive the accounting entries, step-by-step. On each slide, new content is added in blue. A YouTube video, available on this page, provides a demonstration of how to use this resource.

#### Statement of financial position - Accounting

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This is a powerpoint lesson on the statement of financial position aimed at A-level Accounting as well as a pdf of 11 questions and answers on the topic. The powerpoint starts with a recap of the accounting equation and then moves onto looking at the format of the statement of financial position. As part of this, it defines and differentiates between non-current assets/liabilities and current assets/liabilities.