SYLLABUS PRINCIPLES OF ACCOUNTS

Caribbean Secondary Education Certificate?

SYLLABUS PRINCIPLES OF ACCOUNTS

CXC 10/G/SYLL 17

Effective for examinations from May?June 2019

Correspondence related to the syllabus should be addressed to: The Pro-Registrar Caribbean Examinations Council Caenwood Centre 37 Arnold Road, Kingston 5, Jamaica Telephone Number: + 1 (876) 630-5200 Facsimile Number: + 1 (876) 967-4972 E-mail Address: cxcwzo@ Website: Copyright ?2017 by Caribbean Examinations Council Prince Road, Pine Plantation Road, St Michael BB11091

CXC 10/G/SYLL 17

Content

RATIONALE............................................................................................................................................................ 1 AIMS.... .................................................................................................................................................... 1 GENERAL OBJECTIVES............................................................................................................................ 2 SKILLS AND ABILITIES TO BE ASSESSED ................................................................................................... 2 ORGANISATION OF THE SYLLABUS........................................................................................................ 3 RECOMMENDED TEACHING APPROACHES............................................................................................. 3 SUGGESTED TIMETABLE ALLOCATION .................................................................................................... 4 CERTIFICATION........................................................................................................................................ 4 DEFINITION OF PROFILE DIMENSIONS.................................................................................................... 4 FORMAT OF THE EXAMINATIONS ........................................................................................................... 5 WEIGHTING OF THE EXAMINATION COMPONENTS ............................................................................... 6 REGULATIONS FOR PRIVATE CANDIDATES ............................................................................................. 6 REGULATIONS FOR RESIT CANDIDATES .................................................................................................. 6 REGULATIONS FOR THE JANUARY SITTING............................................................................................. 6 SECTION 1: ACCOUNTING AS A PROFESSION ......................................................................................... 7 SECTION 2: ACCOUNTING AS A SYSTEM ................................................................................................. 9 SECTION 3: BOOKS OF ORIGINAL ENTRY..............................................................................................12 SECTION 4: LEDGERS AND THE TRIAL BALANCE...................................................................................15 SECTION 5: THE PREPARATION AND ANALYSIS OF FINANCIAL STATEMENTS OF THE SOLE TRADER...17 SECTION 6: ACCOUNTING ADJUSTMENTS ............................................................................................ 19 SECTION 7: CONTROL SYSTEMS ............................................................................................................ 21 SECTION 8: ACCOUNTING FOR PARTNERSHIPS ....................................................................................23

CXC 10/G/SYLL 17

SECTION 9: ACCOUNTING FOR LIMITED LIABILITY COMPANIES CO-OPERATIVES AND NON-PROFIT ORGANISATIONS ..................................................................................................... 25 SECTION 10: MANUFACTURING AND INVENTORY CONTROL...............................................................27 SECTION 11: ACCOUNTING FOR THE ENTREPRENEUR..........................................................................29 GUIDELINES TO TEACHERS FOR THE CONDUCT OF THE SCHOOL-BASED ASSESSMENT IN BUSINESS STUDIES (PRINCIPLES OF ACCOUNTS, PRINCIPLES OF BUSINESS AND ECONOMICS) ...... 31 GUIDELINES TO TEACHERS FOR THE ALTERNATIVE TO SCHOOL-BASED ASSESSMENT ........................ 36 FORMULAE ............................................................................................................................................ 37 GLOSSARY OF ACCOUNTING TERMS.....................................................................................................38 GLOSSARY OF EXAMINATION TERMS ................................................................................................... 48

CXC 10/G/SYLL 17

The Principles of Accounts Syllabus (CXC 10/G/SYLL 17) was revised in 2016 for first examination in 2019.

Teaching is expected to commence on the revised syllabus in September 2017. Revised 1990, 1998, 2006 and 2017

Please check the website, for updates on CXC?'s syllabuses.

CXC 10/G/SYLL 17

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