GCE A Level 2014 Paper 1 Suggested Solutions
Worked Solution for the Private Candidate
Private Candidates in Singapore struggle through this subject as they lack the answers for past year exams. This worked solution seeks to bridge some gap in their learning.
This solution comes with a promotion as each customer will be entitled to $10 off the first lesson of the instructor's POA Crash Course Program (Details Below).
Call 6100 2407 for more information.
1. Computation (70%)
Many do not understand how the format in Financial Statements is derived and rely heavily on
This weakness is exposed in questions where the last part of the question has to be derived first before the first part of the question can be answered. (E.g. 2012 Paper Q6). The student cannot just simply follow the order of the format and are
The issue here is even greater as the format used is not fixed unlike Financial Accounting.
In other words, many are caught when there are changes in the question
For example, relevant costing is built on the understanding of cost
2. Theory (30%) – The Push for A
|This is the portion neglected by students as they prefer to do computation questions. Most teachers in school cannot afford the time to train the students as the
However, this can be the easiest part of the exam as theory questions require less time to complete compared to computation ones. Most chose the painful route to
What is surprising to many is that once
3. Analysis of Topics in Past Year Exams
|In recent years, there is a change in the focus towards understanding away from the traditional rote learning. Mr Chong has prepared an analysis of every topic and what the examiner is looking for. A valuable resource which
Mr Chong Kok Peng is the founder of POA Tutor (www.poatutor.com.sg)
Mr Chong has graduated from Nanyang Technological University's
Accountancy Faculty in 2000 and has been helping many to understand this
perplexed subject since his school days.
He created a crash program for POA and makes it possible to grasp basic POA concepts within 15 hours. Check out the following: