Junyuan Sec Memory Essence Sec 4E5N_2024

Format & memory essence (Sec 4E5N) Name Class 2024 EDITION Logical Learning. Life-Long Skill. We Nurture People of Accountability JUNYUAN SECONDARY SCHOOL FOR O LEVEL SYLLABUS 7087 Required to interpret the accounts but need not prepare the accounts.

JYSS: POA FORMAT & MEMORY ESSENCE | P a g e 2 Contents Page CHAPTER 1 INTRODUCTION TO ACCOUNTING ............................................................................... 5 TYPES OF BUSINESSES ....................................................................................................................... 5 ROLE OF ACCOUNTING & ACCOUNTANTS ................................................................................... 5 PROFESSIONAL ETHICS ...................................................................................................................... 5 STAKEHOLDERS ................................................................................................................................... 6 ACCOUNTING THEORIES ................................................................................................................... 7 CHAPTER 2 ACCOUNTING INFORMATION SYSTEM..................................................................... 10 TYPES OF BUSINESS TRANSACTIONS .......................................................................................... 10 ACCOUNTING CYCLE ....................................................................................................................... 11 ACCOUNTING INFORMATION SYSTEM ........................................................................................ 12 SOURCE DOCUMENTS ...................................................................................................................... 13 CHAPTER 3 ELEMENTS OF FINANCIAL STATEMENTS & ACCOUNTING EQUATION ........... 14 ELEMENTS OF FINANCIAL STATEMENTS ................................................................................... 14 ACCOUNTING EQUATION ................................................................................................................ 14 KEYWORDS TO IDENTIFY ACCOUNT NAMES ............................................................................ 15 CHAPTER 4 DOUBLE-ENTRY RECORDING...................................................................................... 16 DOUBLE ENTRY SYSTEM ................................................................................................................. 16 CONCEPT OF DEBIT & CREDIT ....................................................................................................... 17 JOURNAL ENTRIES ............................................................................................................................ 18 LEDGER ACCOUNTS .......................................................................................................................... 18 TRADE DISCOUNT AND CASH DISCOUNT ...................................