IGCSE Accounting – Mastering Financial Statements

By Legae Academy Uncategorized
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About Course

Accounting is the language of business. Whether you aspire to be an accountant, entrepreneur, or business leader, understanding how financial transactions are recorded and reported is an essential skill. This course takes you step by step through the IGCSE Accounting syllabus, with special focus on the preparation and interpretation of financial statements.

Designed specifically for Legae Academy students, this course bridges the gap between classroom learning and exam success. You’ll learn not just the mechanics of double-entry bookkeeping, but also the logic behind each concept—helping you apply your knowledge to unfamiliar exam scenarios.

The course combines clear video explanations, worked examples, practice exercises, and full past paper walkthroughs. By the end, you’ll have the confidence to prepare financial statements accurately and interpret what they reveal about a business’s performance.

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What Will You Learn?

  • Understand the accounting equation and double-entry principles
  • Record transactions in journals and ledgers correctly
  • Prepare trial balances and identify correcting entries
  • Create income statements (profit and loss accounts)
  • Prepare balance sheets (statements of financial position)
  • Interpret financial statements using key ratios
  • Apply accounting concepts to IGCSE exam-style questions
  • Complete past paper questions with detailed walkthroughs

Course Content

The Accounting Equation and Double-Entry

  • The Accounting Equation – The Foundation of Accounting
  • Understanding Assets, Liabilities, and Capital
  • The Rules of Double-Entry
  • Recording Transactions Using Double-Entry
  • The Accounting Equation and Double-Entry

Journals, Ledgers, and Trial Balance

Income Statement (Profit and Loss)

Balance Sheet (Statement of Financial Position)

Year-End Adjustments

Accounting Concepts and Principles

Ratio Analysis and Interpretation

Exam Preparation and Past Papers

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