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 Information for 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.
