The Preparation and Analysis of Financial Statements of the Sole Trader
End of Period Adjustments
Accounting for Partnerships
Accounting for Corporations (Limited Liability Companies)
Accounting for Co-operative Societies
Accounting for Non-Trading (Non Profit) Organizations
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Principles of Accounts
Examples of Responses to Questions in the Examinations
In keeping with our drive here at CXC to enhance the support provided to candidates who are preparing to write our examinations, we are displaying on our website exemplars of candidates’ responses to examination questions. These are authentic, unedited responses. They are presented in the candidates’ own handwriting, accompanied by comments from the Examination Committee that indicate the Committee’s judgement of the quality of the responses and the justification for arriving at that judgement.
This is a pilot effort, covering only selected subjects. We at CXC welcome your feedback on how useful you find this information to be and, in particular, how we can improve on the provision of such information. Your comments will contribute to the future expansion and refinement of this material.
Principles of Accounts is a course of study that provides an introduction to the principles and techniques that accountants employ in measuring, processing, evaluating and communicating information about the financial performance and position of a business.
The course in Principles of Accounts helps students to develop an understanding of a range of theoretical and practical techniques used in accounting. It helps to develop skills that should enable them to participate more effectively and responsibly in today’s business environment, to improve the management of personal financial activities, such as, budgeting, savings and investment. In addition, this course prepares students for post-secondary and professional studies in accounting.
The syllabus is arranged in 14 sections consisting of specific objectives and related content.
Section 1 - Introduction to Principles of Accounts
Section 2 - The Classified Balance Sheet
Section 3 - Books of Original Entry
Section 4 - Ledgers and the Trial Balance
Section 5 - The Preparation and Analysis of Financial Statements of the Sole-trader
Section 6 - End of Period Adjustments
Section 7 - Control Systems
Section 8 - Incomplete Records
Section 9 - Accounting for Partnerships
Section 10 - Accounting for Corporations (Limited Liability Companies)
Section 11 - Accounting for Co-operative Societies
Section 12 - Accounting for Non-Trading (Non Profit) Organisations