Principles of Accounts

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Transcript of Principles of Accounts

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What is POA?

Common Language of Business

Languages in the world – English, German,

French, Mandarin, Malay, Tamil, etc

Language in the Business world – POA

Use the same standards and guidelines

internationally

It is a Life Skill

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Subject Description: POA

2) Develop the ability to prepare, present, analyse and interpret simple financial statements

Have a head-start in Financial Accounting related module at tertiary institutions

Allows students to

1) Acquire basic knowledge in bookkeeping

Develop analytical skills

3) Have a new beginning : a brand new subject in Sec 3

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Where $$ comes from in a

business

How the business spends its $$

How to calculate the profits.

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What is POA?If you:

Are meticulous

Are Willing to work hard (as POA requires lots of practice)

Have a Positive learning attitude

& Have self discipline

Who can study POA?

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Paper 1

1 hour (40marks)

Answer 3 to 4 Compulsory Structured

Questions

Paper 2

2 hours

(60marks)

Answer 4 compulsory structured questions.

• One question requires the preparation of

financial statements for a business for one

financial year. (20 marks)

• A scenario-based question (7 marks) will be

part of one of the 3 remaining questions.

GCE O Level Exam Format (7087)

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Paper 1

1 hour (40marks)

Answer 3 to 4 Compulsory Structured

Questions

Paper 2

2 hours

(60marks)

Answer 4 compulsory structured questions.

• One question requires the preparation of

financial statements for a business for one

financial year. (20 marks)

• A scenario-based question (5 marks) will be

part of one of the 3 remaining questions.

GCE N Level Exam Format (7086)

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Advantage of Studying POA

UniversityHead start in many accounting and business related courses including :

AccountancyBusinessBusiness AnalyticsBanking & FinanceMarketingBusiness AdministrationEconomicsHuman ResourceConsulting

Polytechnic Head start in many business courses including:

AccountancyBanking & FinanceBusiness Admin &

…ManagementInternational Trade & BusinessSports & Wellness MgtHuman Resource MgtCommon Business

JC L1R5Use your good results in POA @ ‘O’ Level

MBA

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Subject Prospects (after O level): EAE POLYTECHNIC : ELR2B2

https://eae.polytechnic.edu.sg/eaeStudIns/courses.jsp

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Subject Prospects (after N level): POA Use the subject as one of the relevant subjects in

EMB3 (Group 2) subjects for N Levels PFP admission or

ELR2B2-B (Group B) subjects for O Levels JAE admission

For PFP Application:

https://pfp.polytechnic.edu.sg/PFP/pfp_courses.html

Group 2 Diplomas are mainly:

• Business & Management

• Media & Design

• Humanities

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Thank you

What is POA?

Please see

Ms Joann Wee

Questions