Korea Computerized Accounting Level 2 study plan

Define the accounting equation, the double-entry rule, and the five account categories, then classify 40 given account names into asset, liability, equity, revenue, and expense without errors

Journalize 20 simple transactions into debit and credit entries and explain for each entry which account increases and which decreases

Post 10 journal entries to T-accounts and compute ending balances for each account

Prepare a trial balance from a posted ledger and identify at least three types of errors that a trial balance cannot detect

Record adjusting entries for prepaid expenses, accrued expenses, unearned revenue, and accrued revenue, and state the matching principle reason for each

Compute depreciation under the straight-line and declining-balance methods for a given asset and compare the first-year expense difference

Apply the allowance method to estimate bad debt expense and record the write-off and recovery of a receivable

Classify items as current or non-current and prepare a simple classified balance sheet from a trial balance

Set up a practice company file in a computerized accounting program, entering company profile, fiscal year, and currency settings

Create an account chart by mapping at least 30 accounts to the correct codes and categories, and verify debit and credit normal balances

Enter 15 transactions through vouchers and confirm each voucher posts to the correct ledger account

Generate a trial balance and a general ledger report from the system and reconcile them against manual figures

Enter opening balances for all balance sheet accounts and prove that total debits equal total credits before any period transaction

Configure customer, supplier, and inventory master records with correct tax codes and payment terms

Set up voucher numbering, approval flow, and closing-date controls, then document each setting and its purpose

Troubleshoot three common setup errors such as unbalanced opening balances or duplicated account codes and record the fix for each

Distinguish product costs from period costs and classify 25 cost items into direct material, direct labor, and manufacturing overhead

Compute cost of goods manufactured from given beginning and ending work-in-process figures

Allocate overhead using a predetermined rate based on direct labor hours and calculate the over- or under-applied amount

Prepare a job order cost sheet for two jobs and determine the unit cost of each

Compute value-added tax output tax, input tax, and payable tax for a set of sales and purchase transactions including zero-rated and exempt items

Prepare a VAT return summary for one taxable period and identify the filing deadline rules

Calculate withholding income tax on employee wages using the progressive rate table and the dependent deduction rules

Outline the basic corporate tax computation from accounting profit to taxable income, listing three common adjustments

Enter a full month of 25 transactions including sales, purchases, payroll, and tax vouchers, and post them all without error

Run month-end procedures: adjusting entries, VAT settlement, and period closing, then confirm the ledger locks correctly

Generate the income statement and balance sheet from the system and trace three line items back to their source vouchers

Reconcile the system-generated statements against an independently prepared manual version and explain any difference

Complete two full-length timed mock exams under exam conditions and score each by domain

Review every wrong answer, tag it to a domain, and rewrite the underlying rule in your own words

Re-drill the two weakest domains with 30 targeted practice items each until accuracy exceeds 85 percent

Recite the ten most error-prone formulas and procedures from memory without notes