The Cambridge O Level Accounting syllabus familiarizes pupils to the theory and the concepts of accounting. It also introduces the ways in which accounting is used in a variety of modern economic and business circumstances. To build an ideal foundation both for further studies and for a future career within the profession students need to focus on the skills of recording, reporting, presenting and interpreting financial information.
This course of study replaces Cambridge O Level Principles of Accounts 7110 from 2020 ahead. The last series for O Level Principles of accounts 7110 is going to be on November 2019.
Accounting is extremely important if you want to be able to build and expand your business in a way that it can be measured. The system of tracking business' assets, liabilities, and income help you to make knowledgeable and smart business decisions based on past performance and present financial health of the company.
Accounting plays a crucial role in running a business because it helps you track income and outgoings, ensure required compliance, and provide investors, management, and business decisions can be made by using quantitative financial information with Government.
You will be assessed at the end of the course using two components:
Following summarizes the key information about each examination paper.
Type: Multiple Choice Questions
Duration: 1 hour 15 minutes
Skills Assessed: Knowledge and understanding Analysis
Details: You answer 35 multiple choice questions taken from anywhere on the syllabus
Percentage of Qualification: 30%
Type: Structured Written Paper
Duration: 1 hour 45 minutes
Skills Assessed: Knowledge and understanding Analysis Evaluation
Details: You have to answer five questions taken from the entire syllabus
Percentage of Qualification: 70%