PEARSON EDEXCEL IGCSE (9-1) ACCOUNTING 

 

COURSE PLANNER – CLASS 4: 

 

Teaching Week	Topic	Key Learning Objectives
1	Chapter 3: Introduction to Accounting	Introduce students to accounting and the role of accountants.
2	Chapter 6: Assets, Liabilities, Capital	Understand assets, liabilities and capital.
3-6	Chapter 6: Ledger Accounting and Double Entry Bookkeeping	Understand and prepare the accounts of each asset, liability and capital. Learn the rules of double entry. Calculate the closing balance of each account.
7	Chapter 8: Trial Balance	Understand and prepare the trial balance by using the closing balances.
8-10	Chapter 12 and Chapter 14: Revenue and Capital Expenditure, Financial Statements of a Sole Trader	Understand and prepare an income statement. Learn and calculate the profit/loss and prepare the financial statements, capital expenditure and revenue expenditure.
11-13	Chapter 7: Depreciation	Understand the causes of depreciation, the methods of calculation, the recording in ledger accounts and the disposal of non-current asset.
14-16	Chapter 16: Irrecoverable Debts, Allowance of Irrecoverable Debts	Understand the irrecoverable debts and how to record them into ledger accounts.
17-19	Chapter 15: Other Receivables and Payables	Learn to record expenses and incomes. Understand adjustments needed for expenses owing and expenses paid in advance.
20-22	Chapter 15: Dealing with further adjustments to Financial Statements	Understand how to deal with all final adjustments incorporated into final statements.
23-24	Chapter 4 and Chapter 5: Business Documentation, Books of Original Entry	Understand Day Books –cash book. Introduce students on keeping a daily petty cash book to record petty expenses, purchases, sales and returns day books.
25-26	Revisit topics	Revisit chapters and practice questions.
Plus three tests per term, revision, exam practice and preparation through past papers, final exam.

 

Resources: Key textbook –Pearson Edexcel International GCSE (9-1) Accounting Student Book and Active Book by James Haigh. Past-Papers booklet, additional exercises from other resources, Handouts, Notes, Microsoft Teams.  

Assessment: Tests (three per term), participation, homework, classwork, final exams. 

 

 

COURSE PLANNER – CLASS 5: 

 

Teaching Week	Topic	Key Learning Objectives
1-3	Chapter 9: Correction of errors	Distinguish different types of errors and correct them using the journal. Understand the reason for using the suspense account. Examine the effect of correcting errors on profit.
4-5	Chapter 10: Receivables and payables control accounts	Understand the need for control accounts. Prepare control accounts from entries in the subsidiary books. Evaluate the use of control accounts.
6-8	Chapter 17:  Incomplete records	Prepare financial statements from incomplete records. Ascertain purchases, sales, and profit from incomplete records.
9-10	Chapter 11: Bank reconciliation statements	Understand the reason for preparing bank reconciliation statements. Reconcile cash book balances with bank statement balances. Evaluate the use of bank reconciliation statements.
11-14	Chapter 1: Types of Business Organizations  Chapter 19: Financial statements of a partnership	Understand the nature of a partnership and the reasons of forming one. Apply the provisions of Section 24 of the Partnership Act 1890 in relation to partners’ salaries, division of profits, interest on loans, capital, and drawings. Understand the nature and purpose of an appropriation account. Prepare income statements and appropriation accounts. Prepare partners ‘current accounts and capital accounts.
15-16	Chapter18: The calculation and interpretation of accounting ratios	Appreciate the importance of analyzing financial statements for the benefit of interested parties.  Distinguish between profitability and liquidity. Calculate and analyze ratios.
17-19	Chapter20: Financial statements of a manufacturer	Understand that a company producing goods records their cost in a manufacturing account. Understand   the difference between the inventories of raw material, work in progress and finished goods. Define direct costs and indirect costs. Prepare manufacturing accounts to show prime cost and production cost.
20	Chapter 3: Professional Ethics and Introduction to Accounting Concepts  Chapter 13: Accounting Concepts	Explain to students the fundamental accounting concepts. Understand the significance of consistency, prudence, accruals, materiality, money measurement, etc. Explain the fundamentals of professional ethics and apply them to business situations, including the concept of public interest.
21	Chapter 2: Use of technology in accounting	Understand the benefits of using technology within accounting. Understand the functions and benefits of computer accounting software and spreadsheets. Understand the importance of security implications and protection of data.
22-26	Revisit topics	Revisit topics and practice questions.
Plus, three tests per term, exam practice and preparation through past papers, final exam.

 

Resources: Key textbook –Pearson Edexcel International GCSE (9-1) Accounting Student Book and Active Book by James Haigh. Past-Papers booklet, additional exercises from other resources, handouts, notes, Microsoft Teams.  

Assessment: Tests (three per term), participation, homework, classwork, final exams. 

 

 

 

Appendix (adapted from material supplied by Pearson): 

 

Some examples of transferable skills	Interpretation in this subject	Examples of where the skill is covered and developed throughout the subject course
Critical thinking	Using many different sources of accounting information and synthesizing this information to arrive at a solution to an accounting problem.	Using different pieces of information from books of original entry and ledger accounts to create and interpret financial statements and make judgement.
Problem-solving	Selecting and deploying relevant material in order to construct a response to an accounting problem or issue posed as a matter for judgment.	Correct the errors and prepare revised financial statements
Analysis  Interpretation	Analysing the text material found in the Resource Booklet given in the exam and making choices as to the relevance of that data when answering the questions.  Identifying and interpreting data to draw conclusions as well as identifying   explicit and implicit meaning from data.	Through the calculation of accounting ratios. Calculate analyze and interpret accounting ratios.
Teamwork and collaboration	Working with other students to research issues in accounting. Sharing resources  and own answers with other students.	Working with other students on an accounting-based problem-solving exercise.
Decision making	Making a choice or a decision in terms of an essay or selecting the correct information to use to answer the question.	By using profitability and liquidity ratios make a decision in which business to invest.
Adaptive learning  Executive function	Responding to material provided in the exam (no pre-release data is given) and adapting their knowledge to the needs of the question.  Carry out a full set of accounts for a chosen business, being able to plan the workings out for that business and complete the examined question.	Through the preparation of financial statements using different layouts.
Continuous learning  Direction and Productivity	Planning, setting goals and meeting them regularly, including time management, fluency in economic terms etc.	Through the learning outcomes of this subject students will be equipped to interpret real-world development in finance and business.