Financial Accounting & Analysis
Units 1–3 of a nine-unit syllabus — from "what is a liability" to a machinery account with a mid-year disposal. Built from the syllabus, the Course Policy instruction plan, the three lecture decks, all fifteen faculty problems, and the Rama Gopal textbook. Written on the assumption that you have never studied accounting before.
Your Course Policy's instruction plan marks exactly five lectures "MT" and nothing after them CP p. 3. Read those five rows and the emphasis is unmistakable: three of the five are taught by "Numerical Problems" — Journal, Ledger & Trial Balance, and Depreciation — and your faculty has issued a dedicated problem sheet for each of those three and none for the others.
That is fifteen problems and eighty-odd transactions of direct evidence about what your faculty considers an exam question. All fifteen are worked here in full, line by line, with the reasoning beside each entry. Start with the seven journal problems →
Final Accounts, Vertical Balance Sheet, Vertical Revenue Statement, Financial Ratios and Common Size Statements are all in the folder — and all belong to Lectures 6–15, which the Course Policy marks "Term Work, TEE" and never "MT". Of these, only Ratio Analysis (Unit 7) has been built, as a separate Term End section below; it is not Class Test material. Scope is set by the instruction plan, not by what happens to be in the folder — see References for the exact list.
If "capital is a liability" sounds wrong, or you are not sure whether goods go to a Cash account or a Goods account, do not start with Unit 1. Start with Accounting From Zero — it builds the entire vocabulary from one equation, assumes nothing, and answers the exact questions that make this subject feel arbitrary: what a liability is, where each thing lands on which statement, why debit is not "minus", what to do when the word "goods" appears, and when to use Cash versus Bank.
Then The Account Dictionary gives you every account name you can meet — its type, its rule, and which side of which statement it ends on. And Which Account? Dr or Cr? turns all of it into a five-step routine plus a phrase-book of 90 exam wordings.
The Beginner's Layer
Syllabus Units
Problem Solving — "How to Solve Anything"
One page per unit, built topic by topic. Each topic opens with a "how to know a question belongs here" card — the give-away words, the method, the traps — then works every question your faculty, your decks and your textbook actually set, in a two-column why / what to write layout, then adds exam-shaped extras.
That means: all seven faculty journal problems transaction by transaction, all three trial-balance problems to their totals, all five depreciation problems year by year, every True/False and MCQ the textbook prints on these chapters, and both lecture classification drills with the reasoning the answer key omits.
Unit 02 — 5 topics, 118 questions (journal, ledger, trial balance — the heaviest unit) →
Unit 03 — 4 topics, 62 questions (all five faculty depreciation problems) →
Unit 01 — 4 topics, 96 questions (concepts, classification, definitions) →
Solved Papers — 2025-26 Final & Re-Exam
The 24 Nov 2025 Final and the 31 Jan 2026 Re-Exam, all 22 question parts, written the way you would write them on the sheet: journals, final accounts, trial balances, depreciation tables, ratios, common size and cash flow. Each has the key's marking split and the mistake that loses the question. Six slips in the official keys are flagged.
Both papers put the same topic in the same question slot, and 10 of the 22 parts are Units 1–3 Class Test material. Open Solved Papers →
Term End — Unit 7 Ratio Analysis
Unit 7 is Lectures 10–12, Bloom level ANALYSE, assessed in Term Work and the TEE CP p. 4. Both 2025-26 papers carried a 10-mark ratio question and a 5-mark ratio theory question. Three pages, in order:
Revision & Practice
What the instruction plan says, and what it implies
| Lecture | Topic | Teaching method | Bloom | Assessed in | Likely question shape |
|---|---|---|---|---|---|
| 1 | Introduction to Accounting, Accounting terms | Discussion, Caselets | UNDERSTAND | MT, Term Work, TEE | Definitions; users; branches; limitations |
| 2 | GAAP, Capital and Revenue Expenditure | Discussion, Caselets | APPLY | MT, Term Work, TEE | Which concept is violated? Classify as capital or revenue |
| 3 | Steps in Accounting Cycle, Journal | Numerical Problems | APPLY | MT, Term Work, TEE | Journalise the following transactions |
| 4 | Ledger, Trial Balance | Numerical Problems | APPLY | MT, Term Work, TEE | Post and balance; prepare or correct a trial balance |
| 5 | Depreciation — factors, SLM, WDV | Numerical Problems | APPLY | MT, Term Work, TEE | Compute depreciation; show the machinery account |
| 6–7 | Final Accounts of a sole trader with adjustments | Numerical Problems | APPLY | Term Work, TEE | Out of Class Test scope |
| 8–15 | Vertical statements, ratios, DuPont, common size, cash flow | Numerical Problems | UNDERSTAND – ANALYSE | Term Work, TEE | Out of Class Test scope |
Taken row by row from the Course Policy instruction plan CP pp. 3–4. The "MT" column is what fixes the Class Test scope at Units 1–3. Note that the syllabus numbers its units 1, 2, 3, 4, 6, 7, 8, 9 — there is no Unit 5 Syllabus p. 1.
What each unit is built from
| Unit | Lecture deck | Faculty problems | Textbook | Drilled on |
|---|---|---|---|---|
| 01 — Conceptual Basis | L1, slides 1–31 · L2, slides 1–17 | None issued | Ch. 1, pp. 1–22 · Ch. 2, pp. 23–40 | 96 questions |
| 02 — Accounting Process | L3, slides 1–20 | Journal, 7 problems · Trial Balance, 3 problems | Ch. 3, pp. 41–70 · Ch. 4, pp. 71–88 | 118 questions |
| 03 — Depreciation | No deck supplied | Depreciation, 5 problems | Ch. 7, pp. 155–176 | 62 questions |
Unit titles and descriptions are taken word for word from the syllabus Syllabus p. 1. Textbook page numbers are the printed page numbers and have been read off the actual pages. Every citation on this site opens the page it names in a panel on the right.
Honest limits of this site
No past Class Test paper was supplied. Nothing here is a prediction of what will be asked. What it is instead: every question your faculty, your lecture decks and your textbook actually set on Units 1–3, worked in full, plus 153 more written in the same shapes. The inference that the test leans on numericals rests on the instruction plan and on which topics got problem sheets — it is well-founded, but it is an inference.
The prescribed textbook was not supplied. Your syllabus prescribes R. K. Arora (Wiley, 2nd ed.); what was in the folder is CA C. Rama Gopal's Accounting for Managers. That turns out to suit you better — it is written explicitly for non-commerce MBA students and starts from fundamentals — but where it and your lecture deck differ on a convention, your deck wins. Both such differences are flagged where they arise.
Two conventions are genuinely contested and are marked as such rather than resolved silently: whether the first painting of a new building is capital or deferred revenue (your L2 deck says deferred revenue), and whether goods drawings credit Purchases or Sales-at-cost (your textbook's illustration credits Sales; this site defaults to Purchases and says so).