KiasuParents - Parenting in Singapore

I would like to know what are the difficulties your kids faced when they studied for POA?

May I know what is POA?

Principles of Accounts

All right ppl, a fresh grad frm my olevels in 2012 here! I took POA as one of my 7subjects during Sec Sch, the difficulties i faced. LOADS. What is accounts for one, what are financial statements, how to read etc. A piece of advice, teachers can only help so much, the best way is to read up by looking at financial statements(real Corporations) and read the comments by auditors etc. it will come in handy understanding and linking concepts that teachers teach in class. Hope this HELPS!!!

Hi KPI,

Many people have a misconception that one has to be good in Maths in order to do well in POA. The reality is while POA has to deal with many numbers, it is not quite Maths per se. There are lots of additions and subtractions in POA, occasional multiplication and rarely division. Moreover, calculators are allowed. So one need not be good in Maths in order to do well in POA. But one must not hate numbers as POA deals with lots of numbers. :-)

The POA fundamentals are pretty straight forward and easy to learn. However, accounting is about recording and reporting business transactions. Young teenagers have not been exposed much to the business and economy. Thus I find that the young learners' biggest challenge is to understand the business process and business/commercial terms such as sales, revenue, expenses, costs, inventory, assets, borrowings, etc. It is only when the learners understand these business transactions, then they know how to apply the accounting rules and principles to record and report these business transactions. :-)

Warmest regards,

alng wrote:Hi KPI,

Many people have a misconception that one has to be good in Maths in order to do well in POA. The reality is while POA has to deal with many numbers, it is not quite Maths per se. There are lots of additions and subtractions in POA, occasional multiplication and rarely division. Moreover, calculators are allowed. So one need not be good in Maths in order to do well in POA. But one must not hate numbers as POA deals with lots of numbers. :-)

The POA fundamentals are pretty straight forward and easy to learn. However, accounting is about recording and reporting business transactions. Young teenagers have not been exposed much to the business and economy. Thus I find that the young learners' biggest challenge is to understand the business process and business/commercial terms such as sales, revenue, expenses, costs, inventory, assets, borrowings, etc. It is only when the learners understand these business transactions, then they know how to apply the accounting rules and principles to record and report these business transactions. :-)

Warmest regards,

Thanks for sharing Anyone knows of any good female tutor for POA?

Answer to pm query:
What's the difference between old n new syllabus?

1. Personal opinion is that new syllabus is much easier to grasp but school teachers are having difficulty trying cope with teaching new and old syllabus at the same time (sec 4 n 5 still at old syllabus)

2. New syllabus is all about columnar format no more teaching of t a/cs even though format is still accepted by Cambridge

3. There are currently no assessment books in the market for new syllabus. I am currently working with publisher to come up with one

4. Foundation is key. If ur child is already grasping the double entry well in school, I don't think there is a need for tuition. However, if he/she is losing interest in POA due to double entry concepts. This raises concern as they will be very lost all the way till secondary 4.

Two cents worth. Thanks

Any of your kids taking POA? My friend's son who is in NA,his options for sec 3 are F&N, DNT, A Maths, POA and Literature . He is not good in Maths so A Maths is out and he is not keen of the others beside POA. My friend is wondering whether POA ia an easy subject?

Please share,thanks

protutor wrote:

kitty2 wrote:Any of your kids taking POA? My friend's son who is in NA,his options for sec 3 are F&N, DNT, A Maths, POA and Literature . He is not good in Maths so A Maths is out and he is not keen of the others beside POA. My friend is wondering whether POA ia an easy subject?

Please share,thanks

POA is considered a very systematic subject. In order to do well for POA, one must be very familiar of the rules to follow like when to debit and credit, and steps to do for each type of questions such as in opening various accounts and prepare financial statements etc. Thus, this will require more practice in order to internalise the necessary steps and rules. However, it is also a very logical subject and very applicable in real life, which makes it fun too. There will be calculations, but rest assured it is merely simple + - x / calculations.


POA is also very useful if the students want to enter a business course in poly

and uni.




Hope this helps. Do pm me if you have more enquiries.

protutor

kitty2 wrote:
Thank you for your kindness

You're welcome!