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• Limited company accounts• Types of shares• Issue of shares

Curriculum of CE Principles of Accounts• Types of dividends

• Distribution of dividends

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

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!

THE ENDTHE END3131stst March 2008 March 2008