How to Revise iGCSE Accounting

Master iGCSE Accounting with practice on double-entry bookkeeping, financial statements, costing, and budgeting.

Revision Strategy

Revising Accounting effectively comes down to active problem-solving rather than passive reading. Simply re-reading notes or watching worked examples gives you a false sense of confidence. Instead, attempt questions from scratch, check your answers, and then carefully work through any mistakes. This cycle of attempt, check, and correct is what builds genuine mathematical fluency.

Focus on building strong foundations before tackling harder material. If you are struggling with a complex topic, it is almost always because an earlier concept is not secure. For example, confidence with algebraic manipulation is essential before you can handle simultaneous equations or calculus. Identify the prerequisite skills for any topic you find difficult and shore those up first.

Practise under timed conditions regularly. Accounting exams reward speed as well as accuracy, and many students who understand the material still run out of time because they have not practised working efficiently. Set yourself mini-tests of five or ten questions and aim to complete them within a set time, gradually reducing the allowance as you improve.

Study Tips for iGCSE Accounting

✓ Practice the double-entry system until it is instinctive. Every transaction must balance, and understanding why debits and credits work as they do is the foundation of the entire course.
✓ Work through past papers under timed conditions, as iGCSE Accounting exams require speed and accuracy. The ability to prepare financial statements quickly comes from repeated practice.
✓ Learn the formats for each type of financial statement (income statement, statement of financial position, cash flow statement) and practice reproducing them from memory.
✓ When studying ratio analysis, always practice interpreting the results, not just calculating them. iGCSE examiners want you to explain what the numbers mean for the business.

Exam Tips for iGCSE Accounting

✓ In computation questions, work neatly and label every figure clearly. Examiners cannot award marks for correct numbers that appear in the wrong place in a financial statement.
✓ Always check that your trial balance or statement of financial position balances. If it does not, recheck your workings rather than forcing an incorrect figure.
✓ For discursive questions, use precise accounting terminology and provide examples to illustrate your points.

Topics to Cover

8 topics in iGCSE Accounting

Double-Entry Bookkeeping

Ledger Accounts

Trial Balance

Financial Statements

Bank Reconciliation

Depreciation

Costing

Budgeting

Available Exam Boards

iGCSE Accounting specification guides for each exam board

Cambridge International Edexcel International

Frequently Asked Questions

Do I need any prior knowledge for iGCSE Accounting? +

No prior accounting knowledge is required. The course starts from the basics of financial record-keeping and builds up to more complex topics. However, you need to be comfortable with arithmetic and basic mathematics.

What is the difference between iGCSE Accounting and iGCSE Business Studies? +

Accounting focuses specifically on financial record-keeping, the preparation of financial statements and the analysis of financial data. Business Studies covers a much broader range of topics including marketing, HR and operations. Accounting is more technical and numerical.

Is iGCSE Accounting useful for A-Level? +

Yes, iGCSE Accounting provides the foundational knowledge of bookkeeping and financial reporting that International A-Level Accounting builds upon. Students who perform well at iGCSE are well prepared for the increased complexity at A-Level.

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