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Level 3 Foundation Diploma in Accountancy

Capital and Revenue Classification

AB301 · Recording Financial Transactions — Week 9 of 16

CourseAB301
Week9 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Capital and Revenue Classification

  1. Defining capital expenditure
  2. Defining revenue expenditure
  3. Identifying capital receipts
  4. Distinguishing operating revenue from other income
  5. Capital vs Revenue Expenditure
  6. Business Revenues Explained
  7. Revenue, defined and explained

What you will be able to do

  • 3.1 Differentiate between capital and revenue expenditure and income.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: differentiate between capital and revenue expenditure and income.

Study materials

Videos

  • Capital vs Revenue Expenditure · YouTube · Two Teachers · 6 min · for registered students
  • Business Revenues Explained · YouTube · tutor2u · 9 min · for registered students
  • Revenue, defined and explained · YouTube · Edspira · 5 min · for registered students

Further resources

  • Principles of Accounting Vol. 1, ch. 11.2: Capital versus revenue expenditure · PDF · OpenStax, textbook chapter; pp. 642–644 · for registered students
  • Introduction to Financial Accounting, Lyryx 2023-A, ch. 8: Long-lived Assets · PDF · Other, textbook chapter; pp. 307–350 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
MidtermWeek 10
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Purpose of Recording Financial Transactions
  • Week 2: Stakeholder Needs and Financial Information
  • Week 3: Principal Source Documents
  • Week 4: Preparation of Business Source Documents
  • Week 5: Books of Prime Entry Overview
  • Week 6: Cash and Bank Prime Records
  • Week 7: Preparing Books of Prime Entry
  • Midterm: Midterm evaluation
  • Week 9: Capital and Revenue Classification
  • Week 10: Accounting Approaches for Capital and Revenue Items
  • Week 11: Evaluating Misclassification of Capital and Revenue
  • Week 12: Applying Recording Financial Transactions in practice: case…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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