Principles of Accounts
Vision:
To nurture students’ interest for accounting and to relate it to real life applications.
Mission:
To equip students with useful life skills in accounting.
Instructional Programmes
The POA Unit in Evergreen Secondary School offers the following elective subjects at the Upper Secondary Level:
- ‘O’ Level Principles of Accounts Syllabus (7087)
- ‘N’ Level Principles of Accounts Syllabus (7086)
About Principles of Accounts
The subject Principles of Accounts (POA) is offered as an elective subject for the Express and Normal (Academic) courses. The POA Syllabus is designed to provide students with a meaningful basic introduction to financial accounting and to develop an appreciation of the discipline of accounting. Students offering POA will develop an understanding of accounting concepts and learn how to apply accounting knowledge to develop lifelong skills and values. They will develop the abilities to prepare, communicate and use accounting information. In the learning process, students will develop an understanding of the importance of professional ethics.
| Assessment | |||
|---|---|---|---|
| GCE N Level | GCE O Level | ||
| Paper 1 | Paper 2 | Paper 1 | Paper 2 |
| 40% | 60% | 40% | 60% |
| 3 to 4 compulsory structured questions | 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 | 3 to 4 compulsory structured questions | 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 |
Curriculum Content
All students will learn about basic bookkeeping and the accounting information system and move on to study various accounting elements and processes in more detail. For example, they will learn how businesses account for inventory, trade receivables and non-current assets.
O level students will proceed to learn more advanced topics such as accounting for limited companies and analysis of financial statements.
| GCE N Level | GCE O Level | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Skills | Skills % Knowledge and understanding 30% Application 40% Analysis and synthesis 25% Evaluation 5% |
Skills | % | Knowledge and understanding | 30% | Application | 40% | Analysis and synthesis | 25% | Evaluation | 5% | Skills % Knowledge and understanding 25% Application 25% Analysis and synthesis 30% Evaluation 20% O level assessment involves more thinking and writing skills. |
Skills | % | Knowledge and understanding | 25% | Application | 25% | Analysis and synthesis | 30% | Evaluation | 20% |
| Skills | % | |||||||||||||||||||||
| Knowledge and understanding | 30% | |||||||||||||||||||||
| Application | 40% | |||||||||||||||||||||
| Analysis and synthesis | 25% | |||||||||||||||||||||
| Evaluation | 5% | |||||||||||||||||||||
| Skills | % | |||||||||||||||||||||
| Knowledge and understanding | 25% | |||||||||||||||||||||
| Application | 25% | |||||||||||||||||||||
| Analysis and synthesis | 30% | |||||||||||||||||||||
| Evaluation | 20% |
Key Learning Outcomes
1) Real-World Curriculum
Students will be able to experience authentic learning about business and financial matters. This aims to instill good financial habits in our students by equipping them with important life skills and financial literacy knowledge such as budgeting, the importance of savings and investing for the future. With the relevant knowledge and skills, the students can be better prepared for the financial landscape of the 21st century and make informed decisions to manage their future financial resources.
2) Inter-disciplinary Approach
Students will be able to experience the application of good English and Mathematics in articulating business financial performance.
3) Connected to Society and World
Students will be able to experience the relevance of professional ethics within the accounting profession and be aware of the various career options and progression pathways in the Singapore Accounting ecosystem.
4) Entrepreneurial Dare
Students will demonstrate the willingness to think critically and inquire more deeply about the subject content that they have learnt.
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Speakers from the Institute of Singapore Chartered Accountants (ISCA) conducting a talk on the Accountancy Profession and the possible career pathways in the Accounting industry to students.