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
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
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
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
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
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
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
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
https://www.youtube.com/watch?v=ixCPM5HznRU
- Introduction to Balance Sheets
https://www.youtube.com/watch?v=I2hBA3nKSr8
ASSETS AND LIABILITIES
POWER POINT
- 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
https://www.wallstreetmojo.com/assets-vs-liabilities/
TOPIC 3. BOOKS OF ORIGINAL ENTRY
ORIGINAL ENTRY BOOKS: CASH AND CREDIT TRANSACTIONS
PDF
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
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
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
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
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
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
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
https://www.youtube.com/watch?v=KOBkUyBBfS0
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
https://www.youtube.com/watch?v=lkgfnCbe7gs
WEBSITE
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
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
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
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
https://www.investopedia.com/terms/s/scrap-value.asp
https://investinganswers.com/dictionary/s/scrap-value
WEBSITE
https://strategiccfo.com/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
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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.