1. YING WA GIRLS’ SCHOOL PRINCIPLES OF ACCOUNTS Prepared by: Mr. CHEUNG

2. Outlines What is Accounting? Curriculum of CE Principles of Accounts Academic and career prospects of studying Accounts Qualities of studying Principles of Accounts

3. What is Accounting? Accounting is concerned with: 1.Recording of data 2.Classifying and summarizing data 3.Communicating the data for decision making

4. 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

5. 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

6. 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

7. Curriculum of CE Principles of Accounts Number of owners Sole proprietorship Partnership Limited company Type of organizations Non-profit making Trading company Manufacturing company

9. Curriculum of CE Principles of Accounts Limited company accounts Types of shares Issue of shares

11. Curriculum of CE Principles of Accounts Types of dividends Distribution of dividends

13. Curriculum of CE Principles of Accounts Debtors Bad debts written off Provision for bad debts

15. Curriculum of CE Principles of Accounts P/E ratio Other accounting ratios Analysis of profitability and financial position of different companies

16. Academic and career prospects F.4 LCCI (1 st ) F.5 LCCI (2 nd ) HKCEE F.6F.7 LCCI (3 rd ) HKALE Accounting diploma Accounting degree http://www.lccieb.com/Web/lccieb/index.aspx

17. Some accounting degrees in HK HKU Bachelor of Business Administration in Accounting and Finance 工商管理學學士 ( 會計及財務 ) HKUST Professional Accounting 工商管理學士 ( 專業會計學 ) CUHK Professional Accountancy 專業會計學 POLYU BBA (Hons) in Accountancy 會計學 ( 榮譽 ) 工商管理學士學位

18. The direct route to become a CPA Accounting Degree HKICPA [Hong Kong Institute of Certified Public Accountants] Qualification Programme s Accounting Experience WorkshopsExaminations Certified Public Accountant (CPA) + = http://www.hkicpa.org.hk/

19. Accounting Jobs and the Salary Index http://jump.mingpao.com/cfm/JobS alary2.cfm?code=Z0001http://jump.mingpao.com/cfm/JobS alary2.cfm?code=Z0001

20. 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!

21. THE END 31 st March 2008