Examination Preparation for CSEC Principles of Business
Principles of Business focuses on the theoretical and practical aspects of business activities. It provides a framework to assist in more informed decision-making by individuals in their role of producers or consumers. This syllabus provides opportunity for students to develop entrepreneurial and managerial skills necessary to survive and prosper in a local, regional and global dynamic business environment. It also engages students in conducting research which helps to improve their communication and critical thinking skills and creates an awareness of business ethics and social responsibilities.
The Principles of Business syllabus is arranged in into 10 sections.
Profile Dimension 1 – Organisational Principles
Section 1 The Nature of Business
Section 2 Internal Organisational Environment
Section 3 Establishing a Business
Section 4 Legal Aspects of Business
Profile Dimension 2 – Production, Marketing and Finance
Section 5 Production
Section 6 Marketing
Section 7 Business Finance
Profile Dimension 3 – The Business Environment
Section 8 Role of Government in an Economy
Section 9 Social Accounting and Global Trade
Section 10 Regional and Global Business Environment
Principles of Accounts
Principles 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 postsecondary 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