JYSS Memory Essence Sec 4E5N 2025

Format & memory essence (Sec 4E5N) Name Class 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. 2025 EDITION

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 ................................ ................................ .. 11 TYPES OF BUSINESS TRANSACTIONS ................................ ................................ ....................... 11 ACCOUNTING CYCLE ................................ ................................ ................................ ................... 12 ACCOUNTING INFORMATION SYSTEM ................................ ................................ .................... 13 SOURCE DOCUMENTS ................................ ................................ ................................ .................. 14 CHAPTER 3 ELEMENTS OF FINANCIAL STATEMENTS & ACCOUNTING EQUATION........... 15 ELEMENTS OF FINANCIAL STATEMENTS ................................ ................................ ................ 15 ACCOUNTING EQUATION ................................ ................................ ................................ ............ 15 KEYWORDS TO IDENTIFY ACCOUNT NAMES ................................ ................................ ......... 16 CHAPTER 4 DOUBLE-ENTRY RECORDING ................................ ................................ .................. 17 DOUBLE ENTRY SYSTEM ................................ ................................ ................................ ............ 17 CONCEPT OF DEBIT & CREDIT ................................ ................................ ................................ ... 17 JOURNAL ENTRIES................................ ................................ ................................ ........................ 18 LEDGER ACCOUNTS ................................ ................................ ................................ ..................... 18 TRADE DISCOUNT AND CASH DISCOUNT ................................ .............