Pearson Edexcel IGCSE Accounting (4AC1) – Topical Revision Checklist 2026

Track bookkeeping, final accounts and analysis. Aligned to the 2026 Pearson Edexcel International GCSE Accounting specification.

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TopicSub-TopicConfidence (1–5)Last ReviewedNext Review
1. Introduction to accountingPurpose and users of accounting information
1. Introduction to accountingThe accounting equation: assets, liabilities, capital
1. Introduction to accountingBusiness entities: sole trader, partnership, limited company
1. Introduction to accountingAccounting concepts and conventions
1. Introduction to accountingThe dual aspect and historical cost
2. Sources and recording of dataBooks of prime entry: sales, purchases, cash books
2. Sources and recording of dataThe general journal and corrections
2. Sources and recording of dataLedgers and the trial balance
2. Sources and recording of dataTrade receivables and payables
2. Sources and recording of dataInventory valuation methods
3. Verification and bank reconciliationBank reconciliation statements
3. Verification and bank reconciliationControl accounts: sales and purchases ledgers
3. Verification and bank reconciliationErrors not affecting trial balance agreement
3. Verification and bank reconciliationSuspense accounts
3. Verification and bank reconciliationCorrection of errors
4. Capital and revenue expenditureCapital vs revenue expenditure and receipts
4. Capital and revenue expenditureDepreciation: straight-line and reducing balance
4. Capital and revenue expenditureDisposal of non-current assets
4. Capital and revenue expenditureAccruals and prepayments
4. Capital and revenue expenditureIrrecoverable debts and allowances
5. Final accounts and adjustmentsIncome statement for sole traders
5. Final accounts and adjustmentsStatement of financial position
5. Final accounts and adjustmentsPartnership appropriation accounts
5. Final accounts and adjustmentsLimited companies: income statement and equity
5. Final accounts and adjustmentsManufacturing accounts (where applicable)
6. Analysis and communicationGross profit margin and net profit margin
6. Analysis and communicationLiquidity: current and quick ratios
6. Analysis and communicationEfficiency: receivables and payables days
6. Analysis and communicationReturn on capital employed
6. Analysis and communicationInterpreting ratios for decision-making

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