12-Week Study Plan for O Level
Accounting (Printable Checklist)
Week 1 (Aug 05 – Aug 11): Introduction to Accounting
☐ Purpose and role of accounting
☐ Users of accounting information
☐ Types of business organizations
☐ Accounting terms and concepts
Week 2 (Aug 12 – Aug 18): The Accounting Equation & Double Entry
System
☐ Assets, liabilities, capital
☐ The accounting equation
☐ Principles of double entry
☐ Ledger accounts: debit and credit rules
Week 3 (Aug 19 – Aug 25): Books of Original Entry and Journal
☐ Cash book, petty cash book
☐ Sales, purchases, returns journals
☐ General journal uses
☐ Posting to ledger accounts
Week 4 (Aug 26 – Sep 01): The Trial Balance and Errors
☐ Preparing a trial balance
☐ Types of errors (suspense account)
☐ Correcting errors
☐ Effects on profit and balance sheet
Week 5 (Sep 02 – Sep 08): Bank Reconciliation and Control Accounts
☐ Bank statement vs cash book
☐ Preparing bank reconciliation
☐ Purpose of control accounts
☐ Sales and purchases ledger control accounts
Week 6 (Sep 09 – Sep 15): Depreciation and Disposal of Assets
☐ Causes of depreciation
☐ Straight-line and reducing balance methods
☐ Disposal of non-current assets
☐ Provision for depreciation accounts
Week 7 (Sep 16 – Sep 22): Adjustments in Final Accounts
☐ Accruals and prepayments
☐ Bad debts and provision for doubtful debts
☐ Closing stock and carriage
☐ Income and expenses adjustments
Week 8 (Sep 23 – Sep 29): Income Statement and Balance Sheet
☐ Trading and profit & loss account
☐ Calculating gross and net profit
☐ Preparing balance sheet (statement of financial position)
☐ Interpretation of final accounts
Week 9 (Sep 30 – Oct 06): Accounts for Sole Traders and Partnerships
☐ Capital and drawings accounts
☐ Current and capital accounts in partnerships
☐ Profit sharing ratios
☐ Appropriation account
Week 10 (Oct 07 – Oct 13): Incomplete Records and Single Entry
☐ Calculating profit using capital comparison
☐ Reconstructing accounts from incomplete data
☐ Limitations of single entry system
Week 11 (Oct 14 – Oct 20): Review + Practice Questions
☐ Revise Weeks 1–6 topics
☐ Solve structured questions and exercises
☐ Check answers using mark schemes
Week 12 (Oct 21 – Oct 27): Final Revision & Full Paper Practice
☐ Revise Weeks 7–10 topics
☐ Attempt past papers under timed conditions
☐ Review and self-mark using official schemes