Free ACCA FA2 Period-End Adjustments and Extended Trial Bala...

Overview

This module covers period-end accounting adjustments and extended trial balance preparation, including accruals and prepayments, provisions and estimates, and the extended trial balance. Topics include year-end adjustments, depreciation amortisation, and basic profit or loss calculations.

1. Accruals and prepayments

• Year-end adjustments and reversals
• Expense and income matching
• Journal entries and ledger postings

2. Provisions and estimates

• Allowances for receivables and inventory write-downs
• Depreciation and amortisation at period end
• Events and adjustments before final TB

3. Extended trial balance and statements

• Preparing the extended trial balance
• Statement of profit or loss (sole trader)
• Statement of financial position (basic)