More Information about our Tuition Classes
Are you demoralized with not being able to understand accounting concepts or balance that income statement? Don’t lose hope! Here at Best POA, our N Level POA Tuition is catered specifically to help you at any level of your understanding of the subject. We believe that with perseverance and proper guidance, you will be able to achieve the results you are looking for.
Topics Covered
Topics covered for N Level POA Tuition are based on the POA textbook
- What is accounting?
- What role does accounting play in businesses?
- Why are professional ethics important in accounting?
- What are the different types of business entities?
- What is a business transaction?
- What are the different types of business transactions?
- How are business transactions processed?
- What is the accounting cycle?
- What are the elements of the financial statements?
- What is the accounting equation?
- What are the effects of business transactions on the accounting equation?
- How does a business record its business transactions?
- What is the format of the ledger accounts?
- What are the double-entry recording rules?
- How are business transactions recorded in the ledger accounts?
- What are Special Journals?
- How are transactions first recorded in the Purchases and Purchases Returns Journals?
- How are transactions first recorded in the Sales and Sales Returns Journals?
- How are cash at bank and cash in hand differentiated?
- What is a cash discount?
- How are transactions first recorded in the Cash Book?
- How are transactions recorded in the Petty Cash Book?
- How do the business and bank record the transactions in the business bank account differently?
- Why are bank reconciliations necessary?
- What are the steps in a bank reconciliation process?
- What are the effects of bank reconciliation adjustments on profit?
- What is a Trial Balance and what is it used for?
- How is a Trial Balance prepared?
- What is an Income Statement?
- How is an Income Statement prepared from the Trial Balance?
- What happens to the income and expense accounts after the Income Statement is prepared?
- What is a Balance Sheet?
- How is a simplified Balance Sheet prepared from the Trial Balance?
- How is a classified Balance Sheet prepared from the Trial Balance?
- How is the Balance Sheet analysed?
- What are the effects of transactions on the Balance Sheet?
- When and how are income and expenses of a business recognised?
- What are the types of adjustments to be made to expenses and income?
- What is inventory?
- How is inventory accounted for?
- How is the cost of sales calculated?
- What happens when the value of inventory falls below its cost?
- How would an error in valuation of inventory affect the accounts?
- How is the purchase of a non-current asset accounted for?
- What is the difference between capital and revenue expenditures?
- How is depreciation accounted for?
- How are transactions relating to trade receivables recorded?
- How is impairment loss on trade receivables accounted for?
- How are transactions relating to trade payables recorded?
- What are borrowings?
- What is control account?
- What are the sources of the transactions recorded in the control accounts?
- How are control accounts prepared?
- What are the errors not revealed by a Trial Balance?
- How are the errors not revealed by a Trial Balance corrected?
- What are the effects of the correction of errors on the Trial Balance?
- What are the effects of errors on profit?
- What are the effects of the correction of errors on profit?
- What are the effects of errors on the Balance Sheet?
- What are the effects of the correction of errors on the Balance Sheet?
- What is equity?
- How is the owner's equity of a sole proprietorship accounted for?
Location
Blk 56 Geylang Bahru
5 mins walk from Geylang Bahru MRT Station (DT24)
Bookings on priority basis, please call 9050 9010 for class availability.
Recent Exam Results of Our POA N-Level Students
2019 GCE N-Level
69.2% students scored A1
30.8% students scored A2
100% of our N(A) Level students scored DISTINCTION in the 2019 N-Level POA Exam!