Mr. TAI Ming-kee STFA Leung Kau Kui College 25th April 2009 Preparation for the new Challenges Teachers ’ seminar on BAFS : Preparation for the new Challenges

7/40=17.5% 9/40=22.5% 15/40=37.5% 9/40=22.5%

Changing mode of assessment Paper 1 (Compulsory Part) Time allowed: 1.5 hours Question types: a) Multiple-choice questions (some will be set on cases and data responses and carry a heavier weighting) b) Short-answer questions

Multiple choice large parts of the syllabus it is highly probable a certain topic will not be tested Multiple choice questions give an examiner the opportunity to cover large parts of the syllabus briefly. Students who omit to study areas of the syllabus will be caught out by an examiner ’ s use of multiple choice questions. It is no longer possible to say that it is highly probable a certain topic will not be tested – the examiner can easily cover it with a multiple choice question.

Accounting Equation Five Elements of Financial Statements

20X6 Beginning Inventories

20X6 Opening capital + Introduction – Drawings = Closing capital

Paper 1 – Section B (Short Questions) Introduction to Accounting – basic ratio analysis Introduction to Management – key business functions

Paper 1 – Section B (Short Questions) Introduction to Management – business functions Business Environment Business Environment – forms of ownership Personal Financial Management

Paper 1 – Section B (Short Questions) Personal Financial Management – fundamentals of financial management

Medium of Instruction Accounting Module Business Management Module