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      Financial Accounting

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      • SHS 2 Financial Accounting

      SHS 2 Financial Accounting

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      Ebenezer Amoah
      Financial Accounting, SHS 2, SHS Business
      (0 review)

      SHS 1 Financial Accounting
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      SECTION ONE: CORRECTION OF ERRORS AND SUSPENSE ACCOUNT

      Unit 1: Errors that do not affect the agreement of the Trial Balance

      Unit 2: Errors that affect the agreement of the Trial Balance

      Unit 3: Correct errors by using the General Journal and Suspense account

      Unit 4: Effect of errors on profit and Preparing the Statement of Adjusted Net Profit/Loss

      Unit 5: Redraft ledger accounts, Trial Balance and the Balance sheet after correcting errors

      SECTION TWO: BANK RECONCILIATION STATEMENT

      Unit 1: Definition and Purpose of Bank Reconciliation Statement

      Unit 2: Reasons for differences between Cash Book and Bank Statement Balances

      Unit 3: Up-dating the Cash Book

      Unit 4: Preparation of the Bank Reconciliation Statement

      SECTION THREE: SELF-BALANCING LEDGERS (CONTROL ACCOUNTS)

      Unit 1: Nature and Purpose of Control Accounts.

      Unit 2: Advantages and Disadvantages of Control Accounts

      Unit 3: Preparation of Sales Ledger and Purchases Ledger Control Account (Total Debtors and Total       Creditors Accounts)

      Unit 4: Reconciliation of Control Accounts

      SECTION FOUR: SINGLE ENTRY AND INCOMPLETE RECORDS

      Unit 1: Nature and Purpose

      Unit 2: Computation of Profit or Loss from Single Entry Records

      Unit 3: Computation of Credit Purchases and Credit Sales figures

      Unit 4: Preparation of Final Accounts from a set of Incomplete Records

      SECTION FIVE: ACCOUNTING FOR CLUBS AND SOCIETIES

      Unit 1: Nature and Sources of Income for Clubs and Societies.

      Unit 2: Different Accounting Terminologies

      Unit 3: Computation of Accumulated Fund

      Unit 4: Receipts and Payments Accounts

      Unit 5: Income and Expenditure Accounts

      Unit 6: Subscriptions Accounts

      SECTION SIX: ACCOUNTING FOR MANUFACTURING CONCERNS

      Unit 1: Main Purpose of Manufacturing Accounts

      Unit 2: Cost Classification in Manufacturing Accounts

      Unit 3: Computation of Prime Cost and Production Cost

      Unit 4: Preparation of Final Accounts of Manufacturing Concerns

      Unit 5: Treatment of Unrealized Profit in the Accounts

      SECTION SEVEN: DEPARTMENTAL AND BRANCH ACCOUNT

      Unit 1: Nature and Preparation of Departmental Accounts

      Unit 2: Nature and Preparation of Branch Accounts

      Course Features

      • Lectures 26
      • Quizzes 6
      • Skill level SHS 2
      • Language English
      • Students 54
      • Assessments Yes
      CoursesSHS BusinessSHS 2 Financial Accounting
      • CORRECTION OF ERRORS AND SUSPENSE ACCOUNT 9

        • Lecture1.1
          Errors that do not affect the agreement of the Trial Balance 24 min
        • Lecture1.2
          Errors that do not affect the agreement of the Trial Balance 2 22 min
        • Lecture1.3
          Errors that do not affect the agreement of the Trial Balance 3 27 min
        • Lecture1.4
          Effect of errors on profit and Preparing the Statement of Adjusted Net Profit/Loss 35 min
        • Lecture1.5
          Effect of errors on profit ( WASSCE illustration) 36 min
        • Lecture1.6
          Correction of Errors (Notes) 01 hour
        • Quiz1.1
          Hand-on Questions (Correction of Errors ) 10 questions
        • Lecture1.7
          Redraft ledger accounts, Trial Balance and the Balance sheet after correcting errors 49 min
        • Quiz1.2
          Correction of errors and suspense account (Quiz) 10 questions
      • BANK RECONCILIATION STATEMENT 4

        • Lecture2.1
          Bank Statement 22 min
        • Lecture2.2
          Illustration of Bank Reconciliations Statement 39 min
        • Lecture2.3
          Up-dating the Cash Book 34 min
        • Quiz2.1
          Bank Reconciliations Statement (Quiz) 10 questions
      • SELF-BALANCING LEDGERS (CONTROL ACCOUNTS) 3

        • Lecture3.1
          Reconciliation of Control Accounts 33 min
        • Lecture3.2
          Illustration of Control Accounts 28 min
        • Quiz3.1
          Self-balancing ledgers (control accounts) – (Quiz) 10 questions
      • SINGLE ENTRY AND INCOMPLETE RECORDS 5

        • Lecture4.1
          Nature and Purpose 28 min
        • Lecture4.2
          Computation of Profit or Loss from Single Entry Records 22 min
        • Lecture4.3
          Computation of Credit Purchases and Credit Sales figures 36 min
        • Lecture4.4
          Preparation of Final Accounts from a set of Incomplete Records 31 min
        • Quiz4.1
          SIngle entry and incomplete records (Quiz) 8 questions
      • ACCOUNTING FOR CLUBS AND SOCIETIES 5

        • Lecture5.1
          Nature and Sources of Income for Clubs and Societies. 41 min
        • Lecture5.2
          Accounting for clubs and society part 2 45 min
        • Lecture5.3
          Accounting for clubs and society part 3 33 min
        • Lecture5.4
          Receipt and payment account 45 min
        • Quiz5.1
          Accounting for clubs and societies (Quiz) 10 questions
      • ACCOUNTING FOR MANUFACTURING CONCERNS 1

        • Lecture6.1
          Main Purpose of Manufacturing Accounts 43 min
      • RESOURCES 5

        • Lecture7.1
          Spreadsheet 1 20 min
        • Lecture7.2
          Spreadsheets 2 20 min
        • Lecture7.3
          Spreadsheets 3 20 min
        • Lecture7.4
          Spreadsheets 4 20 min
        • Lecture7.5
          Spreadsheets 5 20 min
      author avatar
      Ebenezer Amoah
      Ebenezer Yaw Amoah is a certified accountant by the Institute of Chartered Accountants -Ghana and holds a Bachelor’s degree in Education in Financial Accounting from the University of Cape Coast. He is a responsible Financial Accounting teacher who is adept at developing inspiring hands-on lessons that capture students’ imaginations and breeds success. Ebenezer is a dedicated, ambitious and a goal-driven teacher, with 3+ years progressively responsible teaching experience in the senior high school setting at St. Augustine’s College; an esteemed college in Ghana from the year 2016 to date and an examiner with the West African Examination Council since 2017.

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