Important Notice: Accounting 0452 Igcse 2007
Important Notice: Accounting 0452 Igcse 2007
Important Notice: Accounting 0452 Igcse 2007
IGCSE
2007
IMPORTANT NOTICE
University of Cambridge International Examinations (CIE) in the UK and USA
University of Cambridge International Examinations accepts entries in the UK and USA only from
students registered on courses at CIE registered Centres.
UK and USA private candidates are not eligible to enter CIE examinations unless they are
repatriating from outside the UK/USA and are part way through a course leading to a CIE
examination. In that case a letter of support from the Principal of the school which they had
attended is required. Other UK and USA private candidates should not embark on courses leading
to a CIE examination.
This regulation applies only to entry by private candidates in the UK and USA. Entry by private
candidates through Centres in other countries is not affected.
Further details are available from Customer Services at University of Cambridge International
Examinations.
Exclusions
This syllabus must not be offered in the same session with any of the following syllabuses:
7110 Principles of Accounts
7114 Principles of Accounts (Singapore)
7118 Principles of Accounts (Singapore)
You can find syllabuses and information about CIE teacher training events on the CIE
Website (www.cie.org.uk).
Accounting
Syllabus code: 0452
CONTENTS
Page
INTRODUCTION
AIMS
ASSESSMENT OBJECTIVES
ASSESSMENT
CURRICULUM CONTENT
GRADE DESCRIPTIONS
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NOTE
This syllabus was completely revised for first examination in 2001.
INTRODUCTION
International General Certificate of Secondary Education (IGCSE) syllabuses are designed as twoyear courses for examination at age 16-plus.
All IGCSE syllabuses follow a general pattern. The main sections are:
Aims
Assessment Objectives
Assessment
Curriculum Content
The IGCSE subjects have been categorised into groups, subjects within each group having similar
Aims and Assessment Objectives.
Accounting falls into Group V, Creative, Technical and Vocational, of the International Certificate of
Education (ICE) subjects together with Art and Design, Business Studies, Child Development,
Computer Studies, Design and Technology, Food and Nutrition, and Music.
AIMS
The aims of the syllabus are the same for all students. These aims are set out below and describe
the educational purposes of a course in Accounting for the IGCSE examination. They are not
listed in order of priority.
The aims are to enable students to:
1.
2.
3.
develop knowledge and understanding of the aims and activities of business and nontrading organisations, their accounting implications and accounting techniques and
procedures appropriate to them;
4.
develop skills
interpretation;
5.
of
numeracy,
literacy,
communication,
enquiry,
presentation
and
ASSESSMENT OBJECTIVES
The three assessment objectives in Accounting are:
A
Analysis
Evaluation
2.
3.
The Curriculum Content defines the factual material that candidates may be required to recall and
understand. Questions testing this will often begin with words such as: define, list, outline,
write up, record, calculate, explain.
ANALYSIS
5.
Questions testing these skills will often begin with words such as: select, prepare, draw up.
EVALUATION
develop an ability to interpret and evaluate accounting information and to draw reasoned
conclusions.
Questions testing these skills will often require verbal answers and may begin with words such as:
explain, suggest, advise, comment on, discuss, compare.
SPECIFICATION GRID
The relationship between the assessment objectives and components of the scheme of
assessment.
Assessment Objectives
Paper
Knowledge with
Understanding
Analysis
Evaluation
60%
40%
75%
15%
10%
50%
30%
20%
The assessment objectives are weighted to give an indication of their relative importance. The
percentages are not intended to provide a precise statement of the number of marks allocated to
particular assessment objectives.
ASSESSMENT
Scheme of assessment
All candidates should be entered for Paper 1 and Paper 2, which are compulsory papers. These
papers will contain questions based on the Core syllabus, and will be graded C to G.
Those candidates who are likely to obtain Grade C or a higher grade should also be entered for
Paper 3. This paper contains questions based mainly on the Supplement. It is an optional paper,
and those candidates who are unlikely to obtain Grade C should not be entered, though a poor
performance in this paper will not affect the grade awarded for other assessment components.
Duration
Description
Paper 1
1 hour
Paper 2
1 hours
Paper 3
1 hours
Weighting of papers
Weighting
for Core Curriculum candidates for
calculating Grades C to G and for Extended
Curriculum candidates for calculating
Grades D to G
Weighting
for Extended Curriculum candidates
for calculating Grades A* to C
Paper 1
40%
0% but compulsory*
Paper 2
60%
40%
Paper 3
60%
The grades of Extended Curriculum candidates will initially be calculated on the basis of their
combined marks for Papers 2 and 3. However, candidates who do not obtain a Grade C or
above on this basis will then have their Paper 3 mark disregarded and their grade calculated on
the basis of Paper 1 and Paper 2 as if they were Core Curriculum candidates.
CURRICULUM CONTENT
Students can follow either the Core Curriculum only or the Extended Curriculum, which includes
both the Core and the Supplement. Students aiming for grades A* to C must follow the Extended
Curriculum.
Students should be able to use skills described under Assessment Objectives (page 2 of the
syllabus booklet) in both the Core and Extended Curriculum.
1
CORE
2
CORE
understand
the
objectives
accounting policies:
in
selecting
CORE
SUPPLEMENT
3.3 carry
out
double-entry
book-keeping
procedures, including posting entries to ledger
accounts from the books of prime entry: the
ledger accounts may be either in running
balance format or T account format.
CORE
SUPPLEMENT
CORE
SUPPLEMENT
In addition to what is required for the Core, students
following the Extended Curriculum should be able to:
CORE
All students should be able to:
6.1 Sole Trader
prepare simple Trading and Profit and Loss
Accounts and Balance Sheets in either
horizontal or vertical form.
make
adjustments
for
provision
for
depreciation: straight line and reducing balance
methods.
make
adjustments
for
accruals
and
prepayments.
make adjustments for bad debts.
6.2 Partnership
prepare simple Trading and Profit and Loss
Accounts, Appropriation Accounts and Balance
Sheets.
show the treatment of the division of the
balance of profit or loss, interest on capital,
partners salaries, interest on partners loans
and on drawings.
make the other adjustments as detailed under
6.1.
6.3 Incomplete Records
prepare opening and closing statements of
affairs.
calculate net profit or loss from changes in
Capital over time.
prepare Trading and Profit and Loss Accounts
and Balance Sheets.
calculate sales, purchases, gross profit, debtors
and creditors.
SUPPLEMENT
In addition to what is required for the Core, students
following the Extended Curriculum should be able to:
6.4
7
CORE
7.1
7.2
7.3
7.4
GRADE DESCRIPTIONS
Grade descriptions are provided to give a general indication of the standards of achievement likely
to have been shown by candidates awarded particular grades. The grade awarded will depend in
practice upon the extent to which the candidate has met the assessment objectives overall. It
might conceal weakness in one aspect of the examination which is balanced by above average
performance in some other.
A Grade A candidate should demonstrate the following abilities:
A
Analysis
An excellent ability to classify and comment on information presented in various forms.
An excellent ability to select and use appropriate data.
Evaluation
A thorough ability to interpret and evaluate accounting information and draw reasoned
conclusions.
Analysis
A good ability to use and comment on information presented in a non-verbal as well as a
verbal manner.
A sound ability to select and use appropriate data.
Evaluation
An ability to interpret and evaluate accounting information and draw reasoned conclusions.
Analysis
Some ability to classify and present data in a simple way and some ability to select relevant
information from a set of data.
Some ability to select and use appropriate data.
Evaluation
A rudimentary ability to gather information relating to a particular topic, present it in an
ordered manner and draw some basic conclusions.
Copies of syllabuses, past papers and Examiners' reports are available on CD-ROM and
can be ordered using the Publications Catalogue, which is available at www.cie.org.uk
under Qualifications & Diplomas Order Publications.
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