1. Business, Accounting & Financial Studies (BAFS) Accounting Module Ms Isabella Ng

2. Agenda Overview: WHAT is Accounting?
Accounting in NSS – The Curriculum
WHY study Accounting?

3. Overview: What is Accounting?
The systematic RECORDING, REPORTING, and ANALYSIS of financial transactions ($) of business
Record
When a transaction take place…
Prepare financial statements
Evaluation & Strategic planning

4. Overview: What is Accounting?
A “LANGUAGE of business”
Tell us how well the business is performing
e.g. Making a PROFIT or LOSS?
Whether the business is financially HEALTHY
e.g. Too much borrowings? Not enough cash?
Help Formulating NEW strategies?
e.g. Cut down expenses?
e.g. Raise selling price?

5. Overview: What is Accounting?
BACKBONES of ALL business

6. Accounting in NSS – The Curriculum
Business Environment
& Intro to Management
Intro to Accounting
Personal Finance
Compulsory Part
40% of the entire course

7. Accounting in NSS – The Curriculum
Elective Part
60% of the entire course
Introduction to Accounting
Accounting fundamentals – Rules of accounting & How this “GAME” works!
From Transaction  Recording  Preparation of financial statements
Financial Accounting
Accounting for different forms of business
e.g. Sole trader / Partnership / Limited Company
Financial Analysis & Interpretation
Cost Accounting
Cost Calculation & Control + Making managerial decisions

8. Why study “Accounting”?
To build a GOOD FOUNDATION for studying in ANY business-related subject?
E.g. Business administration, Professional Accounting etc…
Pursue a finance-related career? Being own BOSS?
Professionals: Accountant / financial controller / analyst etc…
Setting up a business may be? Who knows?
Develop a STRONG & LOGICAL business mind?
Find out the SECRETS behind the business around us?

9. FAQs… Still have questions? Come & See me!!
Do I need to be EXTREMELY good at MATHS?
I HATE numbers, is this going to be OK?
Accounting is about numbers only?! So I do not need to study as much?
Qualities for being an accounting student?
Liberal arts student = not suitable?
Daddy said Accounting is NOT a subject for girls…
Still have questions?
Come & See me!!

10. ~End of Sharing~ ~Thank You!~