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

Business, Accounting & Financial Studies (BAFS) Accounting Module Ms Isabella Ng. Agenda. Overview: WHAT is Accounting? Accounting in NSS – The Curriculum WHY study Accounting?. Overview: What is Accounting?.

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

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  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 Compulsory Part 40% of the entire course

  7. Accounting in NSS – The Curriculum Elective Part 60% of the entire course

  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… 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!~

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