Answers of to end-of-chapter questions from the IGCSE Student's book
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IGCS IGCSE E Acc ount ou nting ing 0452 0452 Unit no1: The purpose of accounting Recommended Recommended prior kn owledge A general business business awareness awareness of how businesses businesses operate. operate.
Context Students should be able to describe a business, how it operates and how it makes a profit.
Outline Students will be introduced to the role of the book keeper and the role of the accountant. They will look at how these two roles differ, the functions they perform and how the information they produce is used.
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Learning Learning outco mes
Suggested teaching activiti es
Learning Learning resources
To understand and explain the difference between book-keeping and accounting
As an introduction introduction students students may be asked asked what they think think is the difference between bookkeeping and accounting. Then develop their thoughts.
Textbooks IGCSE & O Level Accounting – Catherine Coucom Chapter 1 IGCSE & O Level Accounting Workbook Catherine Coucom – Question 1 Frank Wood’s Book-keeping and Accounts – Sheila Sheila Robinson & Frank Wood Chapter 1 Frank Wood’s Business Accounting 1 Frank Wood and Alan Sangster Chapter 1
Students should be asked to list all the businesses in their local high street, retail park, shopping centre or manufacturing businesses in order to illustrate the need for all businesses to maintain books and records in order to calculate the business profit /loss.
Past Past examination examination qu estion: http://teachers.cie.org.uk/log http://teacher s.cie.org.uk/login/login_for in/login_for m?came_from=http%3A m?came_fr om=http%3A//teachers.cie.o //teachers.cie.o rg.uk/index_html P2 June 2008 Q1 (a)
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To be able to explain the role of accounting in providing information for monitoring progress and decisionmaking
A question and answer on why records are maintained, why accounts are prepared and who is interested in the accounts that are prepared.