Korea Computerized Tax Accounting Level 1 study plan

Map the double-entry rules for assets, liabilities, equity, revenue, and expense, and write a one-page debit/credit decision table from memory

Journalize 20 mixed transactions (accruals, prepayments, depreciation, inventory purchases) and post them to T-accounts without looking at a solution

Prepare a trial balance from your posted ledger and reconcile total debits to total credits

Explain how the accounting equation stays balanced through each adjusting entry type in your own words

Build the chart of accounts for a sample Korean manufacturing company, assigning account codes, account names, and control-account flags

Define master data for customers, vendors, and inventory items including tax codes and withholding categories

Configure fiscal-year, currency, and voucher-numbering settings in a practice accounting system and screenshot each setup screen

Trace one transaction from master data through journal entry to confirm the coding links correctly

Enter 30 transactions across sales, purchases, cash receipts, and cash disbursements using correct voucher types

Apply debit/credit memo and reversal procedures to correct 5 deliberately mis-keyed entries

Reconcile a bank statement against the cash ledger and record the adjusting entries

Document the voucher approval workflow from entry to posting in a one-page flowchart

Process period-end accrual, deferral, and depreciation vouchers and verify their effect on the trial balance

Handle a full sales cycle including VAT-inclusive invoicing, credit terms, and collection

Reconcile accounts receivable and accounts payable subsidiary ledgers to their control accounts

Identify and correct three common posting errors (duplicate entry, wrong period, wrong tax code)

Classify 15 transactions as taxable, zero-rated, or exempt for VAT purposes and state the legal basis for each

Prepare a VAT return schedule from the posted sales and purchase ledgers, reconciling to the ledger totals

Calculate withholding tax on 5 vendor payments and record the withholding vouchers

Explain the difference between input VAT deduction timing and invoice issuance timing in a short written summary

Post all adjusting entries for a period and produce an adjusted trial balance

Prepare an income statement, balance sheet, and statement of changes in equity from the adjusted trial balance

Perform the closing process, transferring temporary accounts and verifying retained earnings

Reconcile the tax return figures to the financial statements and explain any book-tax differences

Design segregation-of-duties rules for voucher entry, approval, posting, and master-data maintenance

List five internal controls in a computerized accounting system and describe how each is tested

Perform an audit-trail review on your practice data, verifying that every posted voucher has an approver and timestamp

Draft a data-backup and access-permission policy for the accounting system

Complete two full timed mock exams and score each domain separately to find weak areas

Re-drill the two lowest-scoring domains with targeted practice until each reaches 80%

Review all error logs from weeks 1-7 and rewrite each missed concept as a corrected rule

Simulate one end-to-end cycle (setup to financial statements to VAT return) under time pressure