Guided Practice

Chapter Paths

Work through a topic chapter step by step — MCQs, quick numeric answers and full challenges chained together for gradual mastery.

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Daily SeriesChapter Paths
Part I

Foundations

The double-entry machine, start to finish.

01

The Accounting Cycle

From the accounting equation to the post-closing trial balance — the on-ramp to everything else.

10 sections9 MCQ6 Case studies5 Trial balances
25 itemsStart →
02

Adjusting Entries & Accrual Accounting

Why the books need adjusting, and every adjustment that gets you to an adjusted trial balance.

8 sections8 MCQ6 Journals2 Trial balances
17 itemsStart →
Part II

Financial statements

How profit and position are presented under IAS 1.

03

The Income Statement

Single-step through diluted EPS — how profit is built up, line by line.

8 sections13 Income statements11 MCQ3 Case studies
27 itemsStart →
04

The Statement of Financial Position

Classification, presentation and the ratios that read it.

6 sections10 Balance sheets6 MCQ2 Case studies
18 itemsStart →
Part III

Assets

Recognition and measurement, one asset class at a time.

05

Inventory & Merchandising

From a credit sale to the net-realisable-value write-down.

8 sections9 MCQ7 Journals4 Case studies
25 itemsStart →
06

Cash & Internal Controls

Protecting the most liquid asset — controls, petty cash and the bank reconciliation.

4 sections4 MCQ2 Journals2 Case studies
8 itemsStart →
07

Receivables

Accounts receivable, bad debts and notes receivable — and the estimate you must make before you know who will not pay.

7 sections7 MCQ6 Case studies4 Journals
19 itemsStart →
08

Property, Plant & Equipment (IAS 16)

A full IAS 16 competency progression, from recognition through disclosure.

11 sections33 Case studies20 MCQ
53 itemsStart →
Part IV

Liabilities & equity

What the entity owes, and to whom it belongs.

09

Liabilities & Debt

Notes payable, bonds, convertibles, provisions and leases.

7 sections9 MCQ9 Case studies8 Journals
26 itemsStart →
10

Share Capital & Equity

Shares, treasury stock, dividends and the equity section.

7 sections8 MCQ5 Case studies4 Balance sheets
20 itemsStart →
Part V

Advanced reporting

Cash flows, revenue and the IFRS standards that sit on top.

11

The Statement of Cash Flows

Direct and indirect method, start to finish.

9 sections18 Cash flows8 MCQ2 Case studies
28 itemsStart →
12

Revenue Recognition (IFRS 15)

The five-step model, advances, gift cards, bundles and revenue over time.

5 sections6 MCQ4 Case studies3 Journals
14 itemsStart →
13

Investments, Intangibles & Impairment

IFRS 9 classification, IAS 38 intangibles and IAS 36 impairment.

5 sections8 Case studies6 MCQ3 Journals
17 itemsStart →
14

Accounting Changes, Errors & Income Tax

IAS 8 and IAS 12 — what to restate, what to apply prospectively, and the deferred tax that follows.

7 sections7 MCQ6 Case studies4 Journals
19 itemsStart →
15

Special IFRS Topics

Borrowing costs, government grants, foreign currency, events after the reporting period and non-cash transactions.

6 sections7 MCQ5 Case studies1 Journal
13 itemsStart →