Nowadays, you can find all the answers to your questions on Google. Likewise, you can also find all the answers to your educational questions with us, InstanTuition!
If one of the questions that you would like to google is about the topics / chapters to be tested for POA N Level, you are at the right place!
1. Financial statements
This is the most important question to be tested in N level because it is the heaviest weightage question – 24 marks in Paper 2, which will take up 24% of your overall POA grade. In other words, if you could get full marks for this question, it is equivalent to scoring one-quarter of your POA paper!
In this question, you will be tested on double entries, adjustments to respective ledger account and classifications to the correct accounting elements.
If you learn the right tips and hacks to reduce your careless mistakes, this could be one of the easiest 24 marks in your life. I mean, which subject offers such a big giveaway of marks in exam? Only this question in POA!
Your ultimate goal of doing this question is to balance the Balance Sheet accurately. If you have succeeded once, you will be shocked that you can actually do it and finally have the sense of satisfaction and of course, be addicted to POA!
2. Accounting information system
For this topic, you will be commonly asked to classify the transaction into the respective journals or ledgers, otherwise will be asked to state the relevant source document to support that the transaction has occurred.
Below are some examples of such questions [source: N Level TYS]
Example 1:
Yati is preparing journals for her business from source documents. Name the journal into which each source document will be recorded.
(a) invoice received from credit supplier
(b) credit note sent to customer
(c) cheque paid for insurance
ANS: (a) Purchases Journal; (b) Sales Returns Journal; (c) Cash Book
Example 2:
Name the source document which is used to making entries in the purchases journal.
ANS: Invoice
3. Prepayments and Accruals
Whether it is a standalone question or incorporated into the iconic Financial Statements question (point 1 above), this is the question that also never fail to be tested in ALL exams. You have to understand the essence of “Accrual theory” to be able to grasp this topic completely.
4. Depreciation of non-current assets
5. Impairment loss on trade receivables
Similar to Prepayments and Accruals, point 4 and point 5 could also potentially be a standalone question if not incorporated into the Financial Statements questions (point 1 above).
6. Theory
It must be so tedious and difficult to memorise all the theories in your school textbook or school notes. Fret not, we have a “secret material” that have helped our students and also can help anyone of you who are interested to score for your POA! We are not able to share this secret with you here but you know where to find us!
Now that you know which topics you should focus on, you know where to start your revision! Of course, you should not neglect the rest of the topics but at least you know what are the topics that WILL be tested for your upcoming N Level!
If you need any help for POA, please do not hesitate to contact us at +65 9374 9138
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