Principles of Accounts會計學原理

Munsang College

Why Accounting? (I)

• HK is an international financial center

• CEPA

• Different business activities need different accounting knowledge

Why Accounting? (II)

• If you are an accounting clerk• You need to know HOW to:

– Post the entries ( 入帳 )– Calculate Profit or Loss ( 盈利

或虧損 );– Prepare the Balance Sheet ( 資

產及負債表 );– Make tax provision;– Deal with financial problems for

the company, etc.

Why Accounting? (III)

• If you are the business owner

• You should :

– Know the company’s Profit or Loss; Assets ( 資產 ) and Liabilities ( 負債 )

– Make business decisions with the financial information of the company

– Investigate business fraud if any

Curriculum

Broad understanding of the accounting theory and practice of

accounting

Curriculum (I)

• How to deal with transactions

• Classification of Ledgers ( 帳簿 )

• Double-entry System

• Special accounting treatment,– e.g. Depreciation ( 固定資產折舊 ),

Bad Debts ( 呆壞帳 ), etc.

Curriculum (II)

• Preparation of Trial Balance ( 試算表 )• Preparation of Trading and Profit and Loss

Account / Income Statement ( 購銷損益表 )• Preparation of Balance Sheet ( 資產負債表 )• Calculate Accounting Ratios ( 會計比率 )• Accounting Concept ( 會計學基本概念 )

Types of Company

• Sole Proprietorship ( 個人公司 )

• Partnership

( 合夥公司 )• Limited Company

( 有限公司 )

Examinations

• HKCEE ( 香港中學會考 )

• London Chamber of Commerce and Industry ( 英國倫敦商會 )– Book-keeping ( 初級簿記 )– Book-keeping and Accounts

( 中級會計及簿記 )

Career Prospects (Accounting)

• If pass the professional examinations, you can be:– Company’s

accounting officer

– Tax officer

– Auditor

Am I eligible?

• Are you interested in business activities?

• Do you have basic arithmetical ability?

• Are you willing to learn earnestly?

• Do you work attentively and systematically?

Hints to Success!!!

Practice

Makes

Perfect