Singapore · MOE Syllabus Outcomes
JC 1 Principles of Accounting.
The H2 Principles of Accounting syllabus aims to develop students' understanding of the principles and practices of financial and managerial accounting. It equips JC1 students with the analytical skills to prepare, communicate, and use accounting information for effective business decision-making.
01The Roles of Accounting and the Accounting Information System
This unit introduces the purpose of accounting, ethical considerations for professionals, and the foundational double-entry recording system.
Explores the purpose of accounting and how various stakeholders use financial information. Students will analyse the ethical responsibilities of accountants in the corporate world.
Introduces the fundamental accounting theories that guide the preparation of financial statements. Students will apply concepts like going concern, accrual, and prudence to various scenarios.
Examines the dual effect of business transactions on the accounting equation. Students will record transactions using the double-entry bookkeeping system and extract a trial balance.
02Accounting for Assets
This unit covers the recognition, measurement, and accounting treatment for non-current assets, inventory, and trade receivables.
Covers the recognition, measurement, and depreciation of non-current assets. Students will calculate depreciation using straight-line and reducing balance methods and record asset disposals.
Focuses on the valuation of inventory using FIFO and weighted average cost formulas. Students will understand the impact of inventory valuation on a company's reported profitability.
Addresses the accounting treatment for trade receivables and the allowance for impairment of receivables. Students will analyse the impact of bad debts on financial statements.
03Accounting for Liabilities and Equity
This unit examines the accounting principles for current liabilities, long-term borrowings, and the equity structure of limited companies.
Examines the recognition and measurement of current liabilities, including trade payables and provisions. Students will differentiate between provisions and contingent liabilities.
Explores the accounting for long-term loans and the associated interest expenses. Students will understand the impact of financial leverage on a business.
Introduces the components of equity for limited companies, including share capital and retained earnings. Students will account for the issuance of shares and the declaration of dividends.
04Preparation and Analysis of Financial Statements
This unit guides students through preparing comprehensive financial statements and using ratio analysis to evaluate business performance.
Guides students through the preparation of the Statement of Comprehensive Income and Statement of Financial Position. Students will incorporate complex year-end adjustments.
Covers the preparation of the Statement of Cash Flows using the indirect method. Students will analyse operating, investing, and financing activities to assess cash generation.
Focuses on the calculation and interpretation of profitability, liquidity, and efficiency ratios. Students will evaluate the overall financial performance and position of a business.