Double entry and the accounting equation
This module explains how every transaction keeps assets equal to capital plus liabilities, and why debits and credits always balance.
Free to enrol
Mai Studies Original · Accounting & Finance
ICAEW ACA Study Support: Accounting
A complete Mai Studies study-support programme written for learners preparing for ICAEW ACA Certificate Level study. Each module contains original written notes, a tutor-voice classroom transcript, a practical activity with a worked solution, a mock test with explained answers and a marked written assignment. Mai Studies is an independent provider: it is not ICAEW, it is not an ICAEW Partner in Learning, and this programme carries no exam credit, accreditation or exemption.
10 weeks 60 guided hours Foundation
No course fee is charged for current published programmes.
What you will achieve
- Explain the core principles covered at ICAEW Certificate Level
- Apply the techniques to structured practice questions
- Interpret results and explain them in professional language
- Prepare for timed multiple choice assessment
- Work to a professional ethical standard
Entry guidance
- — No prior study required
- — Comfortable reading business English
- — Around six study hours each week
Original Mai Studies learning material. This is a professional completion programme, not a regulated qualification or university accreditation.
Programme syllabus
Eight applied modules
8h
Recording transactions in the ledger
This module explains how source documents become ledger entries, day books and control accounts without losing the audit trail.
Accruals, prepayments and the matching concept
This module explains why income and expenses are recognised in the period they relate to rather than when cash moves.
Non-current assets and depreciation
This module explains how capital expenditure is capitalised, depreciated over its useful life and removed on disposal.
Receivables, payables and irrecoverable debts
This module explains how credit balances are managed, when a debt becomes irrecoverable and how allowances are estimated.
The trial balance and correction of errors
This module explains how the trial balance is extracted, what it can and cannot detect, and how suspense accounts are cleared.
Financial statements for sole traders and companies
This module explains how ledger balances become a statement of profit or loss and a statement of financial position.
Cash flow statements and interpretation
This module explains how cash movements are classified into operating, investing and financing activities and read as a story.