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ELSD RECOMMENDED RESOURCES FOR CSEC PRINCIPLES OF ACCOUNTS

ELSD RECOMMENDED RESOURCES FOR CSEC PRINCIPLES OF ACCOUNTS

These recommended free e-resources are specifically aligned with the Caribbean Secondary Education Certificate (CSEC) curriculum framework as suggested in the CSEC Principles of Accounts Syllabus. Resources are provided under each of the following fourteen general topics of study as recommended by CXC:

 

Introduction to Principles of Accounts

The Classified Balance Sheet

Books of Original Entry

Ledgers and the Trial Balance

The Preparation and Analysis of Financial Statements of the Sole-trader

End of Period Adjustments

Control Systems

Incomplete Records

Accounting for Partnerships

Accounting for Corporations (Limited Liability Companies)

Accounting for Co-operative Societies

Accounting for Non-Trading (Non Profit) Organisations

Manufacturing Accounts

Payroll Accounting

 

The syllabus generally aims to:

  • Introduce fundamental principles and practices of accounting
  • Develop skills and attitudes useful in a dynamic business environment
  • Provide a foundation for further studies in accounting
  • Provide an acceptable level of competence for entry-level employment

 

NOTE: On completion of this course, the student should develop an understanding of a range of theoretical and practical techniques used in accounting. Skills acquired would enable them to participate more effectively and responsibly in today’s business environment and improve their management of personal financial activities, such as, budgeting, savings and investment. Finally the student is well prepared for post-secondary and professional studies in accounting.

 

TOPIC 1. INTRODUCTION TO PRINCIPLES OF ACCOUNTS

 

ACCOUNTING

POWERPOINT

  • A Brief Introduction to Accounting

https://www.slideshare.net/Kapooraditya12/introduction-to-accounts-38777855

  • Branches of Accounting

https://www.slideshare.net/sheisirenebkm/gas-12-branches-of-accounting

 

ACCOUNTING PROFESSION

WEBSITE

  • The Accounting Profession and Careers

https://www.principlesofaccounting.com/chapter-1/accounting-profession/

 

ACCOUNTING USERS

VIDEO

  • External and Internal Users and Uses of Accounting

https://study.com/academy/lesson/external-and-internal-users-and-uses-of-accounting.html

 

ACCOUNTING CAREERS

VIDEO

  • Accounting Career Presentation

https://www.youtube.com/watch?v=vRkPzpoGp8A

  • Skills You Need in Accounting

https://www.youtube.com/watch?v=oP8Dh82m9As

PDF

  • Accounting Career

http://www.allaccountingcareers.com/accounting-careers

  • How to become an Accountant

https://discoveraccounting.org/careers/accountant/

  • Common Careers in Accounting

https://www.accounting.com/careers/

 

ACCOUNTING: ETHICAL ISSUES

POWER POINT

  • Ethical Issues in Accounting

https://www.slideshare.net/Dyasha/ethical-issues-in-accounting-72817176

  • Ethical Issues Facing the Accounting Profession

https://smallbusiness.chron.com/ethical-issues-facing-accounting-profession-18307.html

VIDEO

  • The Importance of Ethics in Accounting

https://study.com/academy/lesson/the-importance-of-ethics-in-accounting.html

E-MAGAZINES

  • Ethical Issues Encountered by Accountants

https://accountingweekly.com/ethical-issues-encountered-accountants/

 

ACCOUNTING PRINCIPLES

POWER POINT

  • Accounting

https://www.slideshare.net/NagaNarasimha/accounting-ppt-39589655

VIDEO

  • What Is GAAP? - The Generally Accepted Accounting Principles

 https://study.com/academy/lesson/what-is-gaap-the-generally-accepted-accounting-principles.html

  • Accounting Standards

https://www.investopedia.com/terms/a/accounting-standard.asp

 

ACCOUNTING SYSTEM/ PROCESSES

PDF

https://www.accountingtools.com/articles/what-are-the-steps-in-the-accounting-process.html

WEBSITE

  • Accounting Processes & Procedures

https://smallbusiness.chron.com/accounting-processes-procedures-3927.html

 

ACCOUNTING CYCLE

VIDEO

  • Accounting Cycle

https://www.investopedia.com/terms/a/accounting-cycle.asp

  • Introduction to the Accounting Cycle

https://www.youtube.com/watch?v=tIFF_UlqHGM

WEBSITE

https://www.accountingverse.com/accounting-basics/accounting-cycle.html

  • The Accounting Cycle and Closing Process

https://www.principlesofaccounting.com/chapter-4/the-accounting-cycle-and-closing-process/

 

FINANCIAL STATEMENTS

VIDEO

  • How to Read Financial Statements

https://www.youtube.com/watch?v=rK5JMKdfJcU&feature=youtu.be

WEBSITE

  • Financial Ratio Analysis

https://www.myaccountingcourse.com/

 

ACCOUNTING TECHNOLOGY

VIDEO

  • Technology in Accounting: The Growing Role of Technology in Accounting

https://study.com/academy/lesson/technology-in-accounting-the-growing-role-of-technology-in-accounting.html

  • Accounting. Automation and Change

https://www.youtube.com/watch?v=4piX0NiVGZc

 

TOPIC 2. THE CLASSIFIED BALANCE SHEET

 

BALANCE SHEETS

POWER POINT

  • Earning capacity ratios

https://www.slideshare.net/barneyn/earning-capacity-ratios-12902069?next_slideshow=1

VIDEO

  • How the Balance Sheet Works

https://www.youtube.com/watch?v=YZyBSU6YdmM

  • What is a Balance Sheet?

https://www.youtube.com/watch?v=ixCPM5HznRU

  • Introduction to Balance Sheets

https://www.youtube.com/watch?v=I2hBA3nKSr8

 

ASSETS AND LIABILITIES

POWER POINT

  1. Fixed Assets and Liabilities

https://www.slideshare.net/barneyn/earning-capacity-ratios-12902069?next_slideshow=1

VIDEO

  • What are Assets and Liabilities?

https://www.youtube.com/watch?v=f4hIGyWByNA

WEBSITE

  • Assets vs. Liabilities

https://www.wallstreetmojo.com/assets-vs-liabilities/

 

TOPIC 3. BOOKS OF ORIGINAL ENTRY

 

ORIGINAL ENTRY BOOKS: CASH AND CREDIT TRANSACTIONS

PDF

  • POA Notes

https://sjsbusiness.wordpress.com/poa-notes/

VIDEO

  • Cash versus Credit Transactions

https://www.youtube.com/watch?v=6qJ7txvoQSw

WEBSITE

  • What’s the Difference between a Cash and Credit Transaction?

https://www.bigredcloud.com/whats-the-difference-between-a-cash-and-credit-transaction/

 

DEBIT AND CREDITS

VIDEO

  • Banking Explained

https://sjsbusiness.wordpress.com/videos-and-other-media/

  • Accounting in 10 Minutes of Less: Debits vs Credits

https://www.youtube.com/watch?v=PXSsZk9f9z4

  • Accounting Basics: Debits and Credits Explained

https://www.youtube.com/watch?v=VhwZ9t2b3Zk

 

CLASSIFICATION OF ACCOUNTS

POWER POINT

  • Accounting Mechanism [SLIDES]

https://www.slideshare.net/dasaritapaswi/accounting-mechanism?next_slideshow=1

VIDEO

  • Real, Personal, Nominal Accounts and Golden Rules of Accounting

https://www.youtube.com/watch?v=NZI9JZ5CwlM

  • Basics of Accounting in India: CH3 Classification of Accounts

https://www.youtube.com/watch?v=-YVkEBJkYNQ

  • How to Classify Accounts? Classification of Accounts / Letstute Accountancy

https://www.youtube.com/watch?v=P31c7Itqu7k

INTERACTIVE

  • Accounting Classification Quiz

https://www.double-entry-bookkeeping.com/bookkeeping-basics/accounting-classification-quiz/

WEBSITES

  • Classification of Accounts

https://www.accountingformanagement.org/classification-of-accounts/

  • Types of Accounts – Personal, Real and Nominal Accounts

https://www.tutorialkart.com/accounting/types-of-accounts/

 

TOPIC 4. LEDGERS AND THE TRIAL BALANCE

 

LEDGERS - TYPES OF

POWER POINT

  • General Ledger and Subsidiary Ledger in Federal Governments of Ethiopia

https://www.academia.edu/38506453/General_Ledger_and_subsidiary_ledger_in_federal_governmnets_of_ethiopia.pptx

WEBSITE

  • General Ledger

https://www.accountancyknowledge.com/general-ledger/

 

BALANCING ACCOUNTS

VIDEO

  • The General Ledger [SLIDES]

https://slideplayer.com/slide/3928067/

 

TOPIC 5. THE PREPARATION AND ANALYSIS OF THE FINANCIAL STATEMENTS OF THE SOLE TRADER

 

FINANCIAL STATEMENTS: ANALYSIS

VIDEO

  • Financial Statements Explained in One Minute: Balance Sheet, Income Statement, Cash Flow Statement

https://www.youtube.com/watch?v=6GVVTfj7ndc

  • Financial Statements Explained

https://www.youtube.com/watch?v=r_t3zjRx4cU

 

FINANCIAL STATEMENTS  PREPARATION: SOLE TRADER

POWER POINT

  • Preparation of a Sole Trader’s Financial Statements [SLIDES]

https://slideplayer.com/slide/8185123/

VIDEO

  • Which Entity is Right for Your Business?

https://www.youtube.com/watch?v=HhyygG_413Y

  • What is a Sole trader?

https://www.youtube.com/watch?v=5EU9feCCttY

  • All You Need to Know (Detailed description)

https://www.youtube.com/watch?v=fbp80wshPUw

  • Financial Statements: Sole Trader

https://www.youtube.com/watch?v=s_vu5YzUu70

WEBSITE

  • Guide on Sole Trader Accounts and Bookkeeping

https://www.companybug.com/guide-sole-trader-accounts-and-bookkeeping/

 

TOPIC 6. END OF PERIOD ADJUSTMENTS

 

ACCOUNTING ADJUSTMENTS

POWER POINT

  • Adjusting Entries [SLIDES]

https://slideplayer.com/slide/6502760/

PDF

  • Adjusting the Accounts

https://www.academia.edu/37380060/Chapter_3-1_ADJUSTING_THE_ACCOUNTS

  • Accounting for Adjusting Entries: Key Terms and Concepts to Know

https://www.academia.edu/37543877/ACCOUNTING_FOR_ADJUSTING_ENTRIES_Key_Terms_and_Concepts_to_Know

VIDEO

  • Accounting fundamentals

https://www.youtube.com/watch?v=roFfchvOVqo

  • Prepayment and Accruals: Adjusting Entries

https://www.youtube.com/watch?v=H0N7tvXuJlU

  • Adjusting and Closing Entries

https://www.youtube.com/watch?v=EsdOL04p5s8

  • Accounting Course: Adjusting Entry Accounting

https://www.youtube.com/watch?v=wL-IWPiBYqo

INTERACTIVE

  • Adjusting Entries

https://www.cliffsnotes.com/study-guides/accounting/accounting-principles-i/adjustments-and-financial-statements/adjusting-entrie

  • The Adjusting Process and Related Entries

https://www.principlesofaccounting.com/chapter-3/adjusting-process/

WEBSITE

  • Adjusting Entries in Your Accounting Journals

https://www.thebalancesmb.com/adjusting-entries-in-your-accounting-journals-392996

 

ACCURALS

PDF

  • What is Accrual Accounting?

https://corporatefinanceinstitute.com/resources/knowledge/accounting/accrual-accounting-guide/

VIDEO

  • Comparing Accrual and Cash Accounting

https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/cash-accrual-accounting/v/comparing-accrual-and-cash-accounting

 

PRE-PAYMENTS

POWER POINT

  • Accruals and Prepayment [SLIDES]

https://www.slideshare.net/amaieidarus/ch-6-accruals-and-prepayment

VIDEO

  • Prepayments and Accruals: Adjusting Entries

https://www.youtube.com/watch?v=H0N7tvXuJlU

 

NET BOOK VALUE

POWER POINT

  • Net Book Value

https://www.youtube.com/watch?v=KOBkUyBBfS0

  • Book Value Defined

https://www.youtube.com/watch?v=eTahZW0DcFM

  • Book Value Definition: What is Book Value?

https://www.youtube.com/watch?v=CCBEUyOzatg

VIDEO

  • How to Account for Asset Disposal

https://study.com/academy/lesson/how-to-account-for-asset-disposal.html

  • Book value

https://www.youtube.com/watch?v=lkgfnCbe7gs

WEBSITE

  • Net Book Value

https://www.readyratios.com/reference/accounting/net_book_value.html

 

CAPITAL EXPENDITURE

POWER POINT

  • Capital Expenditure: Finance

https://www.slideshare.net/transweb/capital-expenditure-finance?qid=e89fe80a-ba8c-43d5-ab60-c6ae63e1b7bc&v=&b=&from_search=5

PDF

  • Capital Expenditures

https://corporatefinanceinstitute.com/resources/knowledge/accounting/capital-expenditures/

  • Difference between Capital Expenditure and Revenue Expenditure

http://cdn.differencebetween.net/wp-content/uploads/2018/01/Difference-between-Capital-Expenditure-and-Revenue-Expenditure-e1516427211632.jpg

E- BOOK

  • Principles of Accounting

https://www.principlesofaccounting.com/

INTERACTIVE

  • Bean Counter's Bookkeeping & Accounting Quizzes & Games

http://www.dwmbeancounter.com/bookkeepingquizzesgames.html

WEBSITE

  • The Adjusting Process and Related Entries

https://www.principlesofaccounting.com/chapter-3/adjusting-process/

 

REVENUE EXPENDITURE

VIDEO

  • What is Revenue Expenditure?

https://www.youtube.com/watch?v=J9UpUj3fbuU&feature=youtu.be

WEBSITE

  • Capital and Revenue Expenditures

https://www.accountingformanagement.org/capital-and-revenue-expenditures/

 

DEPRECIATION

WEBSITE

  • What is Straight Line Depreciation?

https://corporatefinanceinstitute.com/resources/knowledge/accounting/straight-line-depreciation/

 

COST

VIDEO

  • Depreciation: (Concept and Methods)

https://www.youtube.com/watch?v=w4lScJke6CA

  • Types of Depreciation Methods

https://www.youtube.com/watch?v=LEuT3EBn0g4

 

ESTIMATED USEFUL LIFE: SCRAP VALUE/ SALVAGE VALUE

POWER POINT

  • Salvage Value

https://www.slideshare.net/BiddhostoParves/salvage-value

VIDEO

  • Scarp Value Definition: What is Scrap Value?

https://www.youtube.com/watch?v=Hua4PtTSZgs-

E-BOOK

  • Financial Accounting Made Easy

https://books.google.tt/books?id=f6K-DQAAQBAJ&pg=PT176&dq=ebooks+on+scrap+value+in+accounts&hl=en&sa=X&ved=0ahUKEwi7z5mQxbPoAhUPmeAKHeyIAmwQ6AEIJTAA#v=onepage&q=ebooks%20on%20scrap%20value%20in%20accounts&f=false

INTERACTIVE

  • Scrap Value Definition

https://www.investopedia.com/terms/s/scrap-value.asp

  • Scrap Value

https://investinganswers.com/dictionary/s/scrap-value

WEBSITE

  • Scrap Value

https://strategiccfo.com/scrap-value/

  • What is Scrap Value?

https://www.investopedia.com/terms/s/scrap-value.asp

  • Salvage Value the Scrap Value or Residual Value of an Asset

https://corporatefinanceinstitute.com/resources/knowledge/accounting/salvage-value/

 

REDUCING BALANCE

VIDEO

  • Calculating Depreciation Reducing Balance Method

https://www.youtube.com/watch?v=JHqsqJPKcgM&list=TLPQMDEwNDIwMjCPUgjw_MAIGw&index=1

WEBSITES

  • Reducing Balance Method of Depreciation

http://www.accountingexplanation.com/reducing_balance_method_of_depreciation.htm

  • Declining Balance Method Definition

https://www.investopedia.com/terms/d/decliningbalancemethod.asp

 

DISCLAIMER:

NALIS does NOT reserve the rights to these e-resources. Therefore no part of these publications may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, photocopying, recording or otherwise, without the prior permission from the creators of the work. It is to be used strictly for educational and NOT for commercial purposes.

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