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What's covered, in curriculum order. Titles and summaries are free to browse; the full section, with worked examples, unlocks with a free account.
1. Accounting Standards & the Annual Report
Why accounting standards exist, and what a published annual report is expected to provide.
2. Cash Flow Statements: The Indirect Method
Why cash flow is reported separately from profit, and how the indirect method builds a cash flow statement from profit.
3. Operating, Investing & Financing Activities
How a cash flow statement groups every cash movement into three real categories.
5. Consolidated Accounts: Goodwill on Acquisition
What a group of companies is, and how goodwill arises when a parent company acquires a subsidiary.
6. Consolidated Accounts: Non-Controlling Interest
How a consolidated Statement of Financial Position accounts for a subsidiary that isn't wholly owned.
8. Standard Costing
How a standard cost is set in advance, and compared against what actually happens.
9. Material Price & Usage Variances
Splitting a total material cost variance into how much was caused by price, and how much by quantity used.
10. Labour Rate & Efficiency Variances
Splitting a total labour cost variance into how much was caused by pay rate, and how much by hours worked.
13. Activity-Based Costing
Sharing overheads based on what actually drives them, rather than a single traditional basis like machine hours.
14. Contract Costing
How costing works differently for a single, large, long-running contract, such as a construction project.
17. Investment Appraisal: Net Present Value and Internal Rate of Return
Why £1 today is worth more than £1 in the future, and using discounted cash flow to appraise an investment two ways.
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