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CXC CSECPrinciples of Accounts is a course of study that provides an introduction to the principles and techniques that accountants employ in measuring, processing, evaluating, and communicating information about the financial performance and position of a business.
The course in Principles of Accounts helps students to develop an understanding of a range of theoretical and practical techniques used in accounting. It helps to develop skills that should enable them to participate more effectively and responsibly in today’s business environment, to improve the management of personal financial activities, such as, budgeting, savings, and investment. In addition, this course prepares students for post-secondary and professional studies in accounting.
The syllabus is arranged in 14 sections consisting of specific objectives and related content.
| Section 1 | Introduction to Principles of Accounts |
| Section 2 | The Classified Balance Sheet |
| Section 3 | Books of Original Entry |
| Section 4 | Ledgers and the Trial Balance |
| Section 5 | The Preparation and Analysis of Financial Statements of the Sole-trader |
| Section 6 | End of Period Adjustments |
| Section 7 | Control Systems |
| Section 8 | Incomplete Records |
| Section 9 | Accounting for Partnerships |
| Section 10 | Accounting for Corporations (Limited Liability Companies) |
| Section 11 | Accounting for Co-operative Societies |
| Section 12 | Accounting for Non-Trading (Non-Profit) Organisations |
| Section 13 | Manufacturing Accounts |
| Section 14 | Payroll Accounting |
