Junior Accounting Qualification (China) study plan

Define the six accounting elements (assets, liabilities, owner's equity, revenue, expenses, profit) and state their recognition criteria in Chinese.

Apply the accounting equation to record 15 basic transactions using double-entry bookkeeping.

Prepare a simple trial balance from a list of ledger balances and identify imbalances.

Distinguish between accrual and cash basis and explain when each is used under Chinese accounting standards.

Record transactions for cash, bank deposits, and other monetary funds, including bank reconciliation adjustments.

Calculate and journalize bad debt provisions using the allowance method.

Compute the cost of inventory using FIFO, weighted average, and specific identification, and apply lower-of-cost-or-net-realizable-value.

Prepare adjusting entries for accrued expenses, prepaid expenses, and depreciation (straight-line and double-declining balance).

Account for the acquisition, depreciation, impairment, and disposal of fixed assets and intangibles.

Record payroll transactions including social insurance and housing fund withholdings.

Classify and journalize financial assets (trading, held-to-maturity, available-for-sale) under Chinese GAAP.

Compute taxable income adjustments for common permanent and temporary differences.

Prepare a multi-step income statement and a classified balance sheet from a trial balance.

Calculate key financial ratios (current ratio, debt-to-equity, gross margin, return on assets) and interpret changes.

Complete a cash flow statement using the indirect method for operating activities.

Reconcile net profit to taxable income and compute current tax expense.

Outline the hierarchy of economic law sources in China and explain the effect of each level.

Describe the formation, validity, and performance of contracts under the Civil Code.

Identify the main types of business entities (sole proprietorship, partnership, LLC, JSC) and their liability structures.

Explain the legal requirements for accounting personnel, including certification and continuing education.

Compute individual income tax for wages, bonuses, and other income categories using current progressive rates and deductions.

Calculate VAT payable for general and small-scale taxpayers, including input tax credit rules.

Determine corporate income tax liability, including tax incentives and loss carryforwards.

Apply stamp duty and other minor taxes to common transactions.

Solve 30 mixed multiple-choice questions spanning both domains under timed conditions.

Review incorrect answers and write a one-paragraph explanation for each error.

Reconcile differences between accounting profit and taxable income in a comprehensive case.

Summarize the key deadlines and filing requirements for major taxes.

Complete two full-length mock exams (one per domain) within official time limits.

Score each mock and identify the three weakest subtopics per domain.

Create a condensed review sheet of formulas and legal provisions for final revision.

Simulate exam-day conditions and practice time allocation for each question type.