Financial statements additional information
Financial statements adjustments for statement of financial performance and position is relatively easy IF you understood what is required in the additional information section. I am not going to be talking about understanding the phrasing in the additional information but rather what should be the adjustments be like once you are able to identified what […]
What to ask when finding a POA tutor?
When searching for a POA (Principles of Accounts) tutor, asking the right questions during the selection process can help ensure that you find a qualified and suitable tutor. Here are some questions to consider asking potential POA tutors: 1. Qualifications and Experience:– What is your educational background, particularly in accounting?– Do you have any teaching […]
A Good POA tutor : Making POA Tuition Count
When it comes to learning Principles of Accounts (POA), having the right tutor can make all the difference. But what exactly makes a good POA tutor? Let’s break it down in simple terms. 1. Knowing POA Inside Out: A good POA tutor knows their stuff. They understand POA concepts like double-entry, financial statements, accounts recording […]
Sale of non current asset – Gain or loss
Sale of non current asset – Calculating the gain or loss of non current asset is one of the most important steps to determine how it will appear in the extracts of the statement of financial performance. Fortunately, I had derived a simple formula to help students determine it. Selling price – Cost price + […]
POA Financial Statement Additional Information
Financial statements with adjustments is difficult? No it isn’t. Of course, that is if you are a POA tutor haha just kidding. When it comes to teaching my students on Financial statements, beside having enough practice, there is 1 important thing to note. For every additional information, there is a need for you to do at […]
POA O Levels 2020 Answers – Paper 2
POA GCE O Levels 2020 Paper 2 answer key is out! Feel free to comment on the answers. If you want to know the techniques to learn for learning Principles of Accounts (POA), read up Learning Principles of Accounts (POA) and Scoring As. Felix Lim is the coach for Principles of Accounts (POA) Tuition class […]
POA N Levels 2020 Answers – Paper 2
POA GCE N Levels 2020 Paper 2 answer key is out! Feel free to comment on the answers.
POA N Levels 2020 Answers – Paper 1
Principles of Accounts N Levels 2020 Paper 1 answers are out. Feel free to comment on the questions and answers. If you want to know the techniques to learn for learning Principles of Accounts (POA), read up Learning Principles of Accounts (POA) and Scoring As. Felix Lim is the coach for Principles of Accounts (POA) […]
Consistency concept in Principles of Accounts (POA)
Consistency concept had been applied in principles of accounts (POA) most obviously in depreciation. So, what is depreciation? Depreciation is the reduction in value of an item over time due to wear and tear, usage, obsolesce and legal limits. We will discuss depreciation in a different post. For now, we shall understand that depreciation has […]
Incomplete records in POA – Capital comparison method
Incomplete records in Principles of Accounts consist of 3 important areas. I be focusing on one of the method known as the, Capital comparison method, in this post. Capital comparison method utilities the balance sheet equity logic to work backwards in deriving the profit or loss for the year. We know that Beginning balance + […]