SS2 Financial Accounting

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Practise for Exam/Quiz

1. Manufacturing Account: Meaning/Definition
2. Uses of Manufacturing Account
3. Manufacturing Account: Terminologies Used
4. Computation of: Cost of Raw Materials Available For Use, Cost of Raw Materials Consumed & Prime Cost of Production
5. Preparation of Trading, Profit And Loss Account, Manufacturing Account, And Balance Sheet
6. Transfer of Goods Manufactured From The Manufacturing Department To The Sales Department
7. Account of Non-Profit Making Organization: Introduction
8. Receipts And Payment Account: Features And Limitations
9. Preparation of Receipts And Payment Account
10. Income And Expenditure Account: Meaning
11. Differences Between Receipts And Payment Accounts And Income And Expenditure
12. Preparation of Income And expenditure account
13. Differences Between Bank Statement And Reconciliation Statement
14. Causes of Discrepancies Between Cash Book And Bank Statement
15. Bank Reconciliation Statement: Preparation of Adjusted Cash Book
16. Revisit Account Control: Sales Ledger Control Account
17. Purchases Ledger Control Account
18. Partnership Account: Meaning/Definition
19. Partnership Account: Terminologies Used
20. Partners’ Capital Account
21. The Profit And Loss Account of Partnership
22. Partnership Profit And Loss Account And Balance Sheet of Partners
23. Partnership Account: Admission of New Partners - Meaning
24. Reasons For Admission of New Partners
25. Goodwill: Meaning
26. Valuation of Goodwill
27. Revaluation of Assets
28. Preparation of Revaluation Account And Balance Sheet
29. Dissolution of Partnership: Meaning
30. Reasons For Dissolution of Partnership
31. Dissolution Procedures
32. Incomplete Records (Single Entry): Meaning/Definition
33. Features of Single Entry
34. Single Entry Disadvantages/Limitations
35. Computation of Profits From Two Balance Sheets Showing The Opening And Closing Capital
36. Incomplete Records: Preparation of Statement of Affairs - Calculation of Profit
37. Conversion of Single Entry
38. Interpretation of Accounts Using Simple Accounting Ratios Equity: Capital Employed
39. Interpretation of Accounts Using Simple Accounting Ratios Equity: Working Capital
40. Ratio of Working Capital To Capital Employed
41. Ratio of Equity To Capital Employed
42. Companies And Allied Matters Act 1990 Relating To Formation of Companies
43. Terminologies Used In A Company Account
44. Memorandum of Associations
45. Articles of Association
46. Types of Companies - Private Company: Definition And Features
47. Types of Companies - Public Company: Definition And Features
48. Distinctions Between Public And Private Companies
49. Quoted Companies: Definition, Features, And Examples
50. Unquoted Companies: Definition And Features
51. Distinctions Between Quoted And Unquoted Companies
52. Company Account - Financial System: Definition
53. Components of Financial System E.g. Banks, Insurance, NSE, SEC, CSCS
54. Money Market: Definition And Key Functions
55. Features of Money Market (Short Term)
56. Methods: Offer For Sales, Offer For Subscription, Right Issues, Private Placement
57. Benefits of Capital Markets: Benefits To Individual Investors
58. Benefits of Capital Markets: Benefits To Government
59. Benefits of Capital Markets: Benefits To The Economy
60. Benefits of Capital Markets: Benefits To Individual Companies
61. Issues of Shares: Terminologies Used
62. Preparation of Shares Accounts, Application Account, Allotment Account, And Calls Accounts
63. Preparation of Cash/Bank Account, Share Premium Account, Share Discount Account, Share Capital Accounts
64. Loan Capital: Terminologies Used
65. Loan Capital: Debentures
66. Loan Capital: Interest
67. Loan Capital: Mortgage
68. Profit And Loss Appropriation Account: - Amount Written Off
69. Regulation of The Capital Market: Meaning And Reasons For Regulations
70. Regulation of The Capital Market: Types of Regulations
71. Regulation of The Capital Market: Statutory Regulation
72. Self-Regulation Stock Exchanges
73. Nigeria Stock Exchange: Meaning And Features
74. The Abuja Stock And Commodity Exchange