CXC CSEC Principles of Accounts (POA) exam guide: Section 2: The Classified Balance Sheet



CXC CSEC Principles of Accounts (POA) Exam guide: Section 2: THE CLASSIFIED BALANCE SHEET

CXC CSEC Principles of Accounts Exam Guide

Section 2: THE CLASSIFIED BALANCE SHEET

 

SPECIFIC OBJECTIVES

The students should be able to:

CONTENT
1. Explain the concept of a Balance sheet

Definition and purpose of a Balance Sheet

 

2. Identify the components of a Balance Sheet;


Definition and examples of

Assets,

Liabilities,

Capital.

3. Use the Balance Sheet/Accounting equation;

 

Balance Sheet equation A= C+L

4.

Construct a simple Balance Sheet;

Preparation of Balance Sheets.

5. Give examples of different types of assets and liabilities;


Definition and examples of:

Fixed Assets,

Currents Assets,

Current Liabilities,

Long-term Liabilities.

6. Construct classified Balance Sheets;


Arrangements of Assets and Liabilities order of:
    1. permanence
    2. liquidity

 

7. Determine which terms in a Balance Sheet will change as a result of various transactions.

 

Effect of transactions on Balance Sheet items – increase or decrease in  terms while marinating the Balance Sheet equation.

 


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guest, Rain (not verified)
accounts

how can i sign up for the 2013 segment

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I love POA it is lovly

I love POA it is lovly subject you can learn plenty with this subject

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Kita (not verified)
POA

Hey, I transferred into SEPOS and i got Poa as a subject in the last term in form 4 , Idk nun in Poa before because i never did it before it is very hard for me , and my class is doing pass papers , In the exams 2012 there is a section with manufacturing a/c and i cud really do with sum help with that question please - so if u read this and u kno wat im talking about inbox me !

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Gayle (not verified)
POA SBA

IM TRYING TO HELP MY NEPHEWS WITH THEIR POA SBA BUT I DO NOT KNOW MUCH ABOUT THE SUBJECT. CAN ANYONE GIVE ME SOME INFORMATION ABOUT THE PERIOD OF TIME THAT THE ACCOUNTS IS SUPPOSED TO COVER. I READ A FEW PLACES THAT IT COULD BE ONE MONTH. BUT SOMEONE ELSE TOLD ME THAT A TRIAL BALANCE HAS TO BE DONE FOR A PERIOD OF A YEAR. HELP ANYONE? THANKS!

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jayleene primus (not verified)
poa

i have finished my sba and i am proud of what i did

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jayleene primus (not verified)
principles of accounts

i missed the first form 4 class because of family issues and so it is very hard for me as a A grade student to fail at any of my subjects. so i would if someone would give me some helpful guides about what P.O.A is all about. thank you!

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exam application forms

I think that people should get more information on how to get /download applications.

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miesha (not verified)
p.o.a and mathes

help in accounts and mathes asking for a study group

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guest (not verified)
principle of account

I daneisha is asking for anyone undivided attention for help in the trial balance sheet

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nicbrat (not verified)
principles of accounting

My Niece has to complete her sba and this site was of great help to her. She was able to complete it and ehance her knowledge with the procedures of the sba syllabus. She got 37 marks 4 her sba. Great job!!

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Re: Principles of Accounts

Congratulations to your niece on a job well done with her POA SBA!

I am glad we were able to help her get it done...and with a great mark too!

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