3E/3A Principles of Accounting

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3E/3A Principles of Accounting

  1. 1. The Mathematics Department Offers … Principles of Accounting (POA)
  2. 2. Junior College H2 content-based subjects H2 Maths – assumed knowledge of ‘O’ level Additional Maths Mathematics and Science Group Humanities & the Arts Group Mathematics Economics Biology Geography Chemistry History Physics Literature in English Computing Theatre Studies and Drama Principles of Accounting* Art Music Management of Business* Chinese Language and Literature Malay Language and Literature Tamil Language and Literature History (Chinese) French German Japanese
  3. 3. Polytechnic - POA is a one of the additional subjects in your overall computations of aggregate score (L1B4)
  4. 4. Topics 1 Accounting Concepts and Principles 9 Depreciation/ Accruals and Prepayments 2 Double entry system 10 Correction of errors 3 Cash Book 11 Control Accounts 4 Bank Reconciliation 12 Sole proprietorship 5 Petty Cash / Ledger 13 Partnership 6 Trading / Profit and Loss Accounts 14 Amalgamation of Businesses 7 Balance Sheet 15 Incomplete records 8 Capital and Revenue 16 Analysis and interpretation of Final Accounts Note: The lists of topics above are just some of the topics in the actual coverage for the POA curriculum.
  5. 5. Expectations … A Good Pass in Secondary Two Mathematics and English. A High Level of Commitment for Learning and Hardwork!!
  6. 6. Common misunderstanding and “myths” about POA • “It is a simple subject, just add/subtract and balance numbers….” (there is a lot of new accounting concepts to memorise and apply) • “My friend says that it is very easy to score well…” (only if you work hard….) • “If you are good in Maths then sure can do well in POA…” (Not true, being good at Maths is only 1 of the requirements, your English proficiency and general attitude(hardwork) also plays very important roles..)
  7. 7. • “Coursework takes up a lot of time, POA easier and takes less time….” (Trust me…. POA will also takes up a lot of time….remediation, revision, assignments…) So therefore….. All the above comments/understanding on POA are NOT TRUE! Common misunderstanding and “myths” about POA
  8. 8. Lots of Assignments and… Extra Lessons • Some examples and samples of work that will be covered in POA….. • If you choose to take up POA as one of your subjects…. Do be prepared for…

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