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Home Tuition Scotland can provide a Standard grade Accounting tutor, Intermediate 1 Accounting tutor, Intermediate 2 Accounting tutor, National 4 Accounting tutor, National 5 Accounting tutor, Higher Accounting tutor or Advanced Higher Accounting tutor to deliver exam success.

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Our qualified Accounting tutors are experts in one-to-one Accounting tuition and will cover topics including:

Final Accounts of Partnership In addition to the range for the above financial statements for organisations Accounting lessons candidates should be able to prepare for a partnership:
♦ appropriation account which includes: net profit, partners’ interest on drawings, partners’ salaries, interest on capital, treatment of net loss, transfer to reserves, share of profits/losses current accounts of partners at end of year (debit or credit balances at start and/or end of year) to include:
♦ treatment of drawings, interest on loan and transfers from appropriation account
♦ balance sheet to include: fixed assets, aggregate depreciation, net book value;
current assets; current liabilities including adjustments for accruals and prepayments; Long-term liabilities
Financed by section: capital and updated current accounts
Admission of New Partner Candidates should be able to describe accurately the features of a partnership agreement, and the reasons for admitting a new partner.
Following Accounting lessons, students should be able to make calculations and adjustment in the ledger accounts to record:
♦ revaluation of assets, introduction of goodwill, additional capital from existing partners, partnership loans, new profit sharing ratios
♦ Candidates should also have an awareness of the main principles of the current partnership legislation.
Final Accounts of public limited (plc) companies
In addition to the above financial statements, Accounting tuition candidates should be able to prepare for a public limited company the following financial statements for internal use:
♦ trading and profit and loss (range as for business organisations above) and deal with: dividends on investments; corporation tax
♦ appropriation account to include: interim and final dividends*, treatment of retained
profits at start and end of year
♦ treatment of preliminary and issue expenses
∗ dividend payments may require adjustment for shares issued during the year
♦ balance sheet (range as for business organisations above)
plus:
intangible assets, investments, long term financing restricted to ordinary and preference shares (fully paid), share premium and retained profits, capital reserves and property revaluation reserves, debentures
Candidates are not required to have a detailed knowledge of provision for corporation tax, VAT, and dividends.
Main provisions of the Companies Acts as regards formation and registration.
Non-profit making organisations
Candidates should be able to prepare the following financial statements:
♦ receipts and payments account
♦ profit statements from fund raising activities — club trading account; raffle, levies
♦ income and expenditure account to include: prepayment and accrual of subscriptions adjusted for start and end of year, profit or loss on activities, prepayments and accruals of expenses at start and end of year, depreciation — straight line, reducing/diminishing balance and revaluation, calculation of profit or loss on
sale of asset, surplus/deficit
♦ treatment of life membership fees and levies
♦ balance sheet

If you require Accounting lessons Edinburgh, Accounting lessons Glasgow, Accounting lessons Aberdeen, or Accounting lessons Dundee, at a price you can afford, please contact us today.

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