§-Accounting syllabus
TAS · TASC← Accounting
Accounting syllabus, dot point by dot point
Every dot point in the TAS Accounting syllabus, with a focused answer for each. Click any dot point for a worked explainer, past exam questions and links to related points.
Accounting for Decision-Making
Module overview →Which principles and ethical duties guide how accountants report information?
Apply the key accounting principles and ethical responsibilities to reporting decisions.
How do budgets and cash flow forecasts help a business plan ahead?
Prepare a cash budget and explain the difference between profit and cash flow.
How can ratios reveal a business's profitability, liquidity and efficiency?
Calculate and interpret profitability, liquidity and efficiency ratios.
How does the cash flow statement explain where cash came from and went?
Prepare and interpret a cash flow statement classified into operating, investing and financing activities.
Financial Accounting
Module overview →Why are accruals and prepayments adjusted at balance day?
Explain accrual accounting and process balance day adjustments for accrued and prepaid items.
How are uncollectable debts and the risk of non-payment recorded?
Record bad debts written off and create an allowance for doubtful debts at balance day.
How is the cost of a non-current asset spread across its useful life?
Calculate and record depreciation using the straight-line and reducing-balance methods.
What do the income statement and balance sheet tell us about a business?
Prepare and interpret the income statement and balance sheet for a sole trader.
How does GST work for a sole trader and how is it recorded?
Explain how GST is collected and paid by a sole trader and record GST in transactions.
How does a business protect its cash and prove the bank balance is correct?
Apply internal controls over cash and prepare a bank reconciliation statement.
How does the perpetual inventory system record purchases, sales and cost of goods sold?
Record inventory transactions under the perpetual system and reconcile to a stocktake.
How do transactions flow from journals to ledgers to a trial balance?
Record transactions in the general journal and post them to ledger accounts.
How do special journals and subsidiary ledgers handle high transaction volumes?
Record transactions in special journals and post to subsidiary ledgers and control accounts.
How does the accounting equation keep the records in balance?
Explain the accounting equation and the rules of double-entry recording.
Who uses accounting information and what does each user need from it?
Identify the users of accounting information and explain the decisions each needs to make.