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Principles of Accounts

Introduction

Accounting is an information system based on generally accepted accounting principles. It involves the recording and processing of business transactions, and communicating the information to stakeholders. The accounting information is used to evaluate business performance and facilitate decision-making.

Principles of Accounts is designed to provide students with a meaningful basic introduction to financial accounting and to develop an appreciation of the discipline of accounting. It is grounded in preparing, communicating and using financial information, and appreciating the need for ethical conduct. The subject places emphasis on the understanding and application of accounting knowledge to develop lifelong skills and values that will be of value in the increasingly complex world of business.

This subject forms part of a broad-based education to equip students with strong fundamentals for future learning. It is offered as an elective subject at Secondary Three and examinable at the GCE Ordinary Level and Normal (Academic) Level.


Student Outcomes

It is the intent of this syllabus that students develop the abilities to preparecommunicate and useaccounting information.

In the learning process, students will develop an understanding of the importance of professional ethics.

Students will be able to:

·         apply the double entry system of recording business transactions

·         organise and present accounting information in ledger accounts and financial statements

·         analyse the effects of accounting transactions on financial statements

·         analyse and interpret financial statements

·         evaluate businesses for their profitability, liquidity and inventory management using financial information and ratios


Curriculum

Approach and Pedagogy

·         Adoption of Mixed Mode Delivery (MMD) such as demonstration, explicit teaching, games, inquiry, pair work and think-pair-share

·         Linkage of concepts that students learn in the classroom to authentic businesses

·         Practice of Assessment for Learning through relevant toolkits

·         Usage of Differentiated Instructions (DI)

·         Participation in competitions by external organisations

·         Collaboration between schools on the sharing of question papers and mark schemes of Mid-year Examinations, End-of-year Examinations and Preliminary Examinations

Refer to the links for further information.

·         GCE Ordinary Level: 7175

http://www.seab.gov.sg/content/syllabus/olevel/2016Syllabus/7175_2016.pdf

·         GCE Normal (Academic) Level: 7088

http://www.seab.gov.sg/content/syllabus/nlevel/2016Syllabus/7088_2016.pdf


Assessment Criteria

Mid-year Examination and End-of-year Examination

Level / Stream

Duration

Format

Marks Allocation

Sec 3 Express

1 hour

Paper 1

Answer 3 to 4 compulsory structured questions

40 marks

2 hours

Paper 2

Answer 4 compulsory structured questions. One question will be on the preparation of financial statement, which carries 20 marks.

60 marks

Sec 3 Normal (A)

1 hour

Paper 1

Answer 3 to 4 compulsory structured questions

40 marks

2 hours

Paper 2

Answer 4 compulsory structured questions. One question will be on the preparation of financial statement, which carries 24 marks.

60 marks

Mid-year Examination and Preliminary Examination

Level / Stream

Duration

Format

Marks Allocation

Sec 4 Express and Sec 5 Normal (A)

1 hour

Paper 1

Answer 3 to 4 compulsory structured questions

40 marks

2 hours

Paper 2

Section A (48 marks)

Answer 3 compulsory structured questions. One question will be on the preparation of financial statement, which carries 20 marks.

The remaining two questions average 14 marks.

Section B (12 marks)

Answer any 1 out of 2 structured questions.

60 marks

Sec 4 Normal (A)

1 hour

Paper 1

Answer 3 to 4 compulsory structured questions

40 marks

2 hours

Paper 2

Section A (48 marks)

Answer 3 compulsory structured questions. One question will be on the preparation of financial statement, which carries 24 marks.

The remaining two questions average 12 marks.

Section B (12 marks)

Answer any 1 out of 2 structured questions.

60 marks


Teaching and Support Staff

Teaching Personnel

Extension

E-mail Address

Mr Pradeep Radhakrishnan

(SH/Aesthetics)

114

pradeep_radhakrishnan@moe.edu.sg

Mr Choo Chee Mian, Eric

254

choo_chee_mian_eric@moe.edu.sg

Mr Lim See Koon

102

lim_see_koon@moe.edu.sg

Mr Ng Jan Ile

101

ng_jan_ile@moe.edu.sg

Ms Kwok Wai Leng

106

kwok_wai_leng@moe.edu.sg

General Contact: 6441 4479