IGCSE Accounting

Syllabus aims

The aims of the Cambridge IGCSE Accounting syllabus are to enable students to develop:

  • knowledge and understanding of the principles and purposes of accounting for individuals, businesses, non-trading organisations and society as a whole
  • an understanding of accounting principles, policies, techniques, procedures and terminology
  • improved skills of numeracy, literacy, communication, enquiry, presentation and interpretation
  • improved accuracy, orderliness and the ability to think logically
  • an excellent foundation for advanced study.

Syllabus content at a glance

1 The fundamentals of accounting

1.1 The purpose of accounting

  • understand and explain the difference between book-keeping and accounting
  • state the purposes of measuring business profit and loss
  • explain the role of accounting in providing information for monitoring progress and decision-making.

1.2 The accounting equation

  • explain the meaning of assets, liabilities and owner’s equity
  • explain and apply the accounting equation.

2 Sources and recording of data

2.1 The double entry system of book-keeping

  • outline the double entry system of book-keeping
  • process accounting data using the double entry system
  • prepare ledger accounts
  • post transactions to the ledger accounts
  • balance ledger accounts as required and make transfers to financial statements
  • interpret ledger accounts and their balances
  • recognise the division of the ledger into the sales ledger, the purchases ledger and the nominal (general) ledger.

Candidates do not need to explain or use folio columns. Candidates do not need to explain or use three-column running-balance accounts.

2.2 Business documents

  • recognise and understand the following business documents: invoice, debit note, credit note, statement of account, cheque, receipt
  • complete pro-forma business documents
  • understand the use of business documents as sources of information: invoice, credit note, cheque counterfoil, paying-in slip, receipt, bank statement.

Accounting procedures

  • Capital and revenue expenditure and receipts
  • Accounting for depreciation and disposal of non-current assets
  • Other payables and other receivables
  • Bad debts and provision for doubtful debts
  • Valuation of inventory

Principles of financial statements

  • Income statements
  • Statements of financial position

Preparation of financial statements

  • Sole traders
  • Partnerships
  • Limited liability companies
  • Clubs and societies
  • Manufacturing accounts
  • Incomplete records

Analysis and interpretation

      • Summary of commonly used ratios
      • Interpretation of accounting ratios
      • Inter-firm comparison
      • Interested parties
      • Limitations of accounting statements

Accounting principles and policies

      • Accounting principles
      • Accounting policies

 

Assessment at a glance

 

Syllabus Accounting (Code 0452)

You can get more information about IGCSE Accounting by visitingCambridge Assessent website.

For your convenience, here are online versions of the syllabuses shown from the CIE website via the Google Docs viewer (pick the one that relates to the year that you will sit your IGCSE exam):

Download 2023-25 Syllabus

Past Exam Papers

Past Papers (IGCSE Accounting Code 0452)

We cannot provide past papers for you through this site since CIE owns the copyright to these documents.
However, some past exam papers (theory and practical) along with mark schemes can be downloaded from the CIE open site.
At the moment the following papers and mark schemes are available from the CIE website (clicking a link will open the document up from the CIE website in an online Google Docs viewer):

New Youtube Channel - ThinkIGCSE

Hi Everyone, I have launched a new YouTube channel with more than a 100 videos on  Economics and Business Studies, tailored specifically for IGCSE and A Level and IBDP students.

Subscribe now and join us on this learning journey: @thinkIGCSE

Exciting News!

IMPORTANT MESSAGE

Quizzes and worksheets on this website have been developed in Flash format. Flash is no more supported by browsers. Therefore, you might see blank pages on some instances. Install Flash player plugin for Chrome from Chrome Web Store. Click here 

Similarly, for other web browsers you will have to activate the relevant flash player plugins.

JOIN OUR ONLINE COURSES

WHO'S ONLINE

We have 407 guests and no members online

Save
Cookies user preferences
We use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.
Accept all
Decline all
Read more
Analytics
Tools used to analyze the data to measure the effectiveness of a website and to understand how it works.
Google Analytics
Our website uses Google Analytics to understand how you interact with our site and improve your browsing experience. These cookies collect information in an anonymous form, including the number of visitors to the site, where visitors have come from, and the pages they visited. The data helps us analyze trends and user behavior to enhance our website's functionality and content.
Accept
Decline
Marketing
Set of techniques which have for object the commercial strategy and in particular the market study.
Marketing
Our website uses Google marketing cookies to deliver personalized ads and measure the effectiveness of our advertising campaigns. These cookies track your online activity to help us show you relevant ads on Google services and partner websites.
Accept
Decline