ying wa girls’ school principles of accounts prepared by: mr. cheung
TRANSCRIPT
YING WA GIRLS’ SCHOOLYING WA GIRLS’ SCHOOLPRINCIPLES OF ACCOUNTSPRINCIPLES OF ACCOUNTS
Prepared by: Mr. CHEUNGPrepared by: Mr. CHEUNG
Outlines
• What is Accounting?
• Curriculum of CE Principles of Accounts
• Academic and career prospects of studying Accounts
• Qualities of studying Principles of Accounts
What is Accounting?
Accounting is concerned with:
1. Recording of data
2. Classifying and summarizing data
3. Communicating the data for decision making
What is Accounting?
Accounting is concerned with:
1. Recording of data
• Also known as book-keeping
• A process of recording daily transactions of the business
What is Accounting?
Accounting is concerned with:
2. Classifying and summarizing data
• Preparation of “Profit and Loss Account” to calculate the profit for the year
• Preparation of “Balance Sheet” to summarize the assets and liabilities and capital of the company
What is Accounting?
Accounting is concerned with:
3. Communicating the data for decision making
• Disclosure of financial information to different users
• Presentation of figures in a consistent and understandable format
Curriculum of CE Principles of Accounts
Number of owners
Sole proprietorship Partnership Limited company
Type of organizations
Non-profit making Trading company Manufacturing company
Curriculum of CE Principles of Accounts• P/E ratio • Other accounting ratios• Analysis of profitability and financial position of different companies
Academic and career prospects
F.4
LCCI (1st)
F.5
LCCI (2nd)
HKCEE
F.6 F.7
LCCI (3rd)
HKALE
Accounting diploma
Accounting degree
http://www.lccieb.com/Web/lccieb/index.aspx
Some accounting degrees in HK
HKUBachelor of Business Administration in Accounting and Finance工商管理學學士 ( 會計及財務 )
HKUSTProfessional Accounting工商管理學士 ( 專業會計學 )
CUHKProfessional Accountancy專業會計學
POLYUBBA (Hons) in Accountancy會計學 ( 榮譽 ) 工商管理學士學位
The direct route to become a CPA
Accounting Degree
HKICPA[Hong Kong Institute of Certified Public Accountants]
Qualification Programme
s
Accounting Experience
Workshops Examinations
Certified Public Accountant (CPA)Certified Public Accountant (CPA)
+
=
http://www.hkicpa.org.hk/
Accounting Jobs and the Salary Index
• http://jump.mingpao.com/cfm/JobSalary2.cfm?code=Z0001
Qualities of studying Principles of Accounts
• Mathematical skills…• Very important! Such as…Very important! Such as…• ++ , , -- , ×, ÷, ×, ÷• And nothing else!And nothing else!
• To make it perfect, you have to…• Practise,Practise,• practise, andpractise, and• practise!practise!
• Finally, equip yourself with an analytical mind!