Bcom financial accounting Study guides, Class notes & Summaries

Financial Accounting Textbook

Quick formulae recap for regression analysis and the learning curve.

Allocation of inter service department overheads including: Repeated distribution, Simultaneous equation, Specific Order of Closing and Direct Allocation Methods. Activity Hierarchies and Calculating Cost per unit using ABC.

Calculating economic order quantity, optimum production runs, quantity discount and reorder point including Just in Time Purchasing arrangements.

Full summary of Income of a business entity including: - Gross income definition - Special inclusions - Exempt income - Foreign income - Income of a Non-resident

Full summary and examples for Turnover Tax including: - Businesses that qualify as Micro Business - Qualifying Turnover - Businesses that don't qualify as a Micro Business - Calculating Taxable Turnover - Registration and de-registration requirements

Full summary of the General Deduction Formula including: - The general deduction formula including Case law - Section 23, Prohibited deductions - Specific transactions - Limiting of losses

How to answer questions on Substantive Procedures. This document includes: 1) Principles of formulating substantive procedures including assertions and direction of testing 2) Formulating substantive procedures using computer assisted audit techniques (CAATs) 3) Analytical procedures

Easy to learn summary of all the ISAs containing 1) The theory of audit evidence 2) Relying on work produced by Management's Expert 3) Using the work of Auditor's Expert 4) Using the work of Internal Auditors 5) Audit procedures for opening balances 6) Audit procedures for Accounting Estimates including Fair values 7) Audit Sampling 8) External Confirmations 9) Written Representations