Accounting Tuition
Don't get left behind - your grades determine the class, school, junior college, polytechnic and university that you are accepted into
About 70% of our customers are repeat clients – they either hire tutors from us for additional subject(s) for the same child, or they hire tutors for their other children.
Learn Fast is trusted. Because our tutoring methods work.
Since 2009, we have transformed our students' fail grades to b's and A's at the national exams
Write your own ACCOUNTING success story. Starting today
Singapore's Most trusted tuition agency
- 37,000 qualified and experienced tuition teachers
- Over 35% of our tutors have PhD’s, Master’s, or are NIE-trained current/ex-MOE teachers
- 85% of our tutors are graduates or undergraduates from Singapore’s best publicly-funded universities (NUS, NTU, SMU, SUTD, SUSS and SIT)
- Over 96% of tutors who apply to join the Learn Fast team have at least a Bachelor’s – or are about to achieve one – from the top local universities or the best universities globally (Oxford, Cambridge, Ivy League)
- All of our tutors scored A’s in the subjects that they are teaching
- Our tutors have between 2 to over 30 years of home tuition experience
- All of the tutors whose profiles we show you have strong proven records of rapidly boosting their students’ grades
- Non-performing tutors are not included in our database
transform your grades. today.
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How to choose a good tuition agency
Good tutors want to be represented by a reputable tuition agency
The size of the tutoring team is very important. The larger the team, the better the chances that the tuition coordinator can find the best tutor whose experience and qualifications suit your requirements. You should choose agencies that have a minimum of 20,000 home tuition teachers in their database.
At least 30% of a credible tuition agency should consist of tutors who have PhD’s, Master’s or are NIE-trained MOE current/ex teachers. The better tuition teachers want to join only the best tuition agencies. They know that dependable tutor agencies have more clients, and numerous good assignments for them to choose from every day.
Many of our parents/students avoid agencies that have more than 20% of their tutors whose highest academic qualifications are polytechnic diploma’s or junior college certificates. The market rate of hourly fees charged by experienced university undergraduates is $30/hr, and the rates tutors who had stopped studying at JC or polytechnic levels is $20/hr to $25/hr.
How would you be able to know if a tuition agency’s database comprises mainly of lower-qualified tutors? Their websites will always emphasize “affordable tuition rates” as their main or only attraction. Given that the difference in monthly rates between a polytechnic graduate and a university graduate is only about $30 – and in most cases, are at the same rates or sometimes even lower than group tuition – “affordable tuition rates” shows up in websites whenever a tuition agency does not have tutors whose other clients are already paying them higher rates.
Parents would pay rates that they feel are fair and appropriate, according to the tutor’s track record, academic qualifications, and number of years of experience. Tutors accept an assignment based on hourly rates, the grade target/current level of skills of the student, and the availability of slots in their teaching schedules.
University undergraduates or graduated tutors tend to have easily scored comfortable A’s in the subjects that they teach, and most parents would of course prefer that their children are taught the correct content, as well as skills in answering difficult questions. If the tutor was not able to score A in say Physics, can he/she help you score an A?
Good tuition agencies require that their tutors have at least 2 years of tutoring experience before including their details into the tuition agency database. This is to ensure that the tutor has the requisite commitment to being a good tutor, as well as the relevant experience and track record of improving their students’ grades, and are not experimenting with your child’s academic future.
Be wary of tuition agencies that promise to show you profiles “immediately”. If a tuition agency has a large pool of eligible and qualified tutors to reach out to for your assignment, it takes time for good tuition teachers to respond. Agencies that get back to you “immediately” with tutor profiles are either not thorough, or worse, have only a very small tutor database. Good home tutors might not respond immediately when they receive tuition assignment messages – because they are very likely to be busy teaching during that time and are not desperately and idly sitting around hoping for messages to arrive. Tuition teachers typically apply for assignments between 4 to 18 hours after they have received the assignment message. If a tutor waits too long, it might indicate that the tutor is not keen to take on more assignments at that hourly rate, or worse, has time management/punctuality issues. A good timeframe for a dependable tuition agency to get back to you with profiles of responsible tuition teachers should be 1 to 2 working days after you have given them the description of what you are expecting of your tutor.
Trustworthy tuition agencies hire university graduates as their tuition coordinators because graduated coordinators can properly understand the academic and learning needs of tuition students. There is no difference in the hourly rate that you pay to your home tutor, so you might as well get the best value for money and professional service when you are looking for a good home tuition agency.
Tuition coordinators who are university graduates will be able to ask the assignment applicants the right questions in order to assess if he or she is truly able to teach according to your requirements – even if the tutor claims to have 8 to 10 years of tuition experience. Because at least 70% of each age cohort has at least a Bachelor’s degree, it will be easy to find tuition agencies that hire only university graduates as their tuition coordinators. How would you know if the coordinator is likely to have at least a Bachelor’s? His or her English grammar and vocabulary, when you call or Whatsapp the agency.
Look at the tuition agency’s Facebook posts. The passion that the tuition coordinators and management have for the MOE subjects clearly shows if the agency is really qualified to help you find suitable tutors. If the tuition agency cannot be bothered to post the latest content and interesting developments that engage their discerning tutors, parents and students, would this tutor agency genuinely have enough outstanding tuition teachers?
The way that the tuition agency prepares the tutor profiles indicates the quality of the tutor. Parents tell us that “testimonials” that are featured on websites of some tuition agencies are dodgy – who knows if these are real or made-up, even when there are “screenshots of comments by parents/students”? When you read the tutor profiles that tuition agencies send to you, the tuition teachers who are truly successful would be able to clearly elaborate on their teaching achievements, the schools and university that they and their students attended, and MOST importantly, the type of grade improvements they helped their students achieve. If a tutor does not describe all this important information well, then their teaching method might be blunt, cold, and might not tailor the teaching suit your learning style. And this tutor probably has limited abilities to help your grades improve.
give your accounting grades a makeover
you are scoring low c's or high b's, and want a strong a
You will lose valuable marks when you simply just memorize formulas and content, but do not REALLY know when and how to use or apply them.
Carelessness and nervousness also cause students to lose marks.
Some tuition teachers are lazy, and they would take up the entire 1.5 or 2 hours with their students by making them practice on workbooks again and again.
Or worse still, they make you memorize “model” answers in the hope of being able to “guess” or “predict” the topics and questions that will be tested.
These methods are dangerous.
Imagine how terrified you will feel when you find that most of the actual questions in your school or national exam are not the ones that your tutor and you “spotted”.
If you do not know why and what are the exact mistakes that you are making, you are training yourself to keep repeating the bad habits of using the wrong content and answering methods.
When you start to get used to these very unacceptable routines, you will have more difficulty in nurturing your capacity to logically and calmly analyze what the exam question wants you to do.
Any effective tuition teacher who had himself/herself scored an A for that subject (and who has extensive tutoring experience) would know that the current MOE syllabus arranges all the topics within the curriculum in an integrated way, to test the student’s ability to apply the fundamental and advanced knowledge that was learnt.
Professional and experienced tuition teachers from Learn Fast will help you connect the concepts across topics, which is a very important skill that you absolutely need to have, in order to get your A.
hire a winner
It is very easy for parents to find tuition teachers who are university graduates or undergraduates – because there are already so many of them now, in Singapore.
Every year, there are over 40,000 Singaporean students (Year 1 to Year 4, Master’s, PhD etc) studying at the NUS campus alone.
At least 40% of each cohort of people born in the same year are accepted into the government-funded universities (NUS, NTU, SMU, SUSS, SIT and SUTD).
Another 20% to 30% of this same cohort would have graduated from university-level programmes offered by private institutions, after they completed their polytechnic or junior college studies.
This means that 70% of every cohort of people born in a certain year would have at least a Bachelor’s degree.
Over 96% of tutors who apply to join the Learn Fast team have at least a Bachelor’s – or are about to achieve one – from the top local universities or the best universities globally (Oxford, Cambridge, Ivy League).
Our agency selects only experienced undergraduate or graduated tutors who are patient, committed, and who are professional tuition teachers.
Most of all, they MUST have a proven track record of delivering improvements of 10 to 30 marks for their recent students, before we include them in our database and tutoring team.
This way, our clients know that they are hiring winners who can quickly help their children’s grades improve dramatically within 1 to 2 semesters.
The latest Moe syllabus does not reward STUDENTS WHO BLINDLY MEMORIZE
You can score much higher marks once you can successfully answer exam questions that require you to analyze and connect concepts across 2 or more topics.
A textbook is only as good as the teacher who uses it.
The textbook is designed as the main source of information.
However, we all know that national exams often ask questions that are not found in the textbook.
Students from average mainstream schools wrongly assume that learning is simply just a collection of basic facts and figures. And that their textbook has all the answers to all the questions that appear in exams.
Weaker students tend to see learning as an accumulation of “correct answers”. They would therefore think that plainly memorizing these “correct answers” will help them to pass or achieve a B3.
It is very risky for you to look at crucial content from only one perspective, or to focus purely on the content that is recommended in the textbook.
Students in the good schools never rely on only one source of information because they know that the exam questions expect them to be able to connect SEVERAL related or seemingly-unrelated concepts in order to arrive at the acceptable answer for challenging and tricky exam questions.
The main reason for scoring low grades IS: "I can't understand the content"
Different students have different starting points.
Something that may be easy for one student (or one of your children) may not be so easy for someone else.
Everyone learns differently, whether it be faster or slower than normal. Some of us learn better by writing, reading or discussing.
Catch up now, before you continue lagging behind even further, during the remainder of the academic year.
Right now is the perfect time for you to close up your learning gaps in that difficult chapter.
If these gaps aren’t addressed before the next chapter starts,
these learning gaps will only WIDEN, and you will find it much harder to catch up to your peers. Your grades will suffer, and you will hate that subject. While your classmates are able to go on to score an A.
Studying is easier when you are taught proven methods to learn what is difficult to you.
Learn Fast has the expertise to help you to do very well.
We will teach you how to focus on processes and techniques that produce higher marks, instead of requiring you to memorize and write useless notes and answers.
Our exceptional tuition teachers will show you the quickest and most efficient way to understand complicated content, so that you can swiftly achieve subject mastery in Accounting.
Achieve a breakthrough in the subject you are now dreading
Our tutors are approachable and friendly
All because we are expert tuition teachers, it does not mean that our lessons have to be boring.
Many students start lessons with our tuition teachers feeling afraid of the subject, because they are discouraged by their previous experience and feel too overwhelmed (or embarrassed) to approach the subject positively.
Home tutors that are skillful in listening and observing often pick up on what isn’t being said – such as any underlying anxieties that a student may have.
Indeed, if an educator can truly understand a student, he or she can then target the root causes of the student’s low marks. This will open the door for the student to readily receive and learn the content that is being taught.
An effective tutor needs to be adaptable. This is because students often have different moods (enthusiastic, desperate, reluctant, friendly) during each of the tuition sessions. The tuition teacher has to adapt the teaching strategy to handle each of these moods, in order to be productive.
If you were to imagine the perfect teacher that you want to be teaching you that difficult content or subject, you’re going to want someone who is very engaging in front of the student.
Our tuition teachers know that it is so important to be observant, patient, flexible, empathetic and to always have a positive attitude.
Singapore's Most trusted tuition agency
- 37,000 qualified and experienced tuition teachers
- Over 35% of our tutors have PhD’s, Master’s, or are NIE-trained current/ex-MOE teachers
- 85% of our tutors are graduates or undergraduates from Singapore’s best publicly-funded universities (NUS, NTU, SMU, SUTD, SUSS and SIT)
- Over 96% of tutors who apply to join the Learn Fast team have at least a Bachelor’s – or are about to achieve one – from the top local universities or the best universities globally (Oxford, Cambridge, Ivy League)
- All of our tutors scored A’s in the subjects that they are teaching
- Our tutors have between 2 to over 30 years of home tuition experience
- All of the tutors whose profiles we show you have strong proven records of helping their students’ grades improve
- Non-performing tutors are not included in our database
Ms IC has 13 years of Principles of Accounting tuition experience. She has a Bachelor’s in Accountancy from SMU (Honours). Ms IC wrote the O Levels and A Levels curriculum content for a leading group of tuition centres. Ms IC’s private tuition students attended Hong Kah Secondary School, Dunman High School, CHIJ St Nicholas Girls’ School, Anglo-Chinese Junior College, Yishun Innova Junior College, and Victoria Junior College.
Ms JP has 5 years of Principles of Accounting tuition experience. She is NIE-trained, and taught at MOE schools for 8 years. Ms JP has a Bachelor’s in Accountancy from NTU. Her private tuition students attended Xinmin Secondary School, St. Joseph’s Institution, Raffles Girls’ School (Secondary), Pasir Ris Crest Secondary School, MacPherson Secondary School, and Henderson Secondary School.
Mr HG has 7 years of Principles of Accounting tuition experience. He has a Bachelor’s in Accountancy from NTU (2nd Upper Class Honours). Mr HG was a contract teacher at an MOE school for 1 year. He taught at a tuition centre for 2 years. Mr RA’s private tuition students attended Compassvale Secondary School, CHIJ St Theresa’s Convent, Hai Seng Secondary, Catholic Junior College, Temasek Junior College, and National Junior College.
Mr JW has 8 years of Principles of Accounting tuition experience. He has a Bachelor’s in Accountancy from NTU. Mr JW taught at a tuition centre for 2 years. His private tuition students attended Christ Church Secondary School, Queenstown Secondary School, Fairfield Methodist School (Secondary), Methodist Girls’ School (Secondary), Nan Hua High School, and St. Patrick’s School.
Ms MT has 6 years of Principles of Accounting tuition experience. She has a Master’s in Business Analytics from NUS, and double degrees from NUS in Accountancy and Business Analytics (Honours). Her private tuition students attended Catholic High School, Anglo-Chinese School (Independent), St. Andrew’s Junior College, Hwa Chong Institution, Dunman High School, and National Junior College.
Mr GM has 15 years of Principles of Accounting tuition experience. He has a PhD from Carnegie Mellon University. His Bachelor’s in Accountancy was from NUS (First Class Honours). Mr GM’s private tuition students attended Anderson Serangoon Junior College, Eunoia Junior College, Victoria Junior College, Raffles Institution, St. Andrew’s Junior College, and Hwa Chong Institution.
Learn Fast
Mr EC has 10 years of Principles of Accounting tuition experience. He has a Master’s in Supply Chain Management from NUS and a Bachelor’s in Accountancy (2nd Upper Class Honours) from NUS. His private tuition students attended Raffles Girls’ School (Secondary), Paya Lebar Methodist Girls’ School (Secondary), Outram Secondary School, Catholic Junior College, River Valley High School, and Anderson Serangoon Junior College.
Mr UN has 13 years of Principles of Accounting tuition experience. He has a PhD in Business Statistics from the University of British Columbia. His Bachelor’s in Accountancy was from NTU (First Class Honours). Mr UN’s private tuition students attended Anglo-Chinese School (Independent), Cedar Girls’ Secondary School, Eunoia Junior College, St. Andrew’s Junior College, and River Valley High School.
Ms ST has 7 years of Principles of Accounting tuition experience. She is NIE-trained, and taught at MOE schools for 13 years. Ms ST has a Bachelor’s in Accountancy from NTU. Her private tuition students attended Pioneer Secondary School, St. Anthony’s Canossian Secondary School, Unity Secondary School, Yuhua Secondary School, Tanjong Katong Girls’ School, and Montfort Secondary School.
Ms SL has 14 years of Principles of Accounting tuition experience. She has a Bachelor’s in Accountancy from NUS (2nd Upper Class Honours). Ms SL was an MOE contract teacher for 2 years. Her private tuition students attended Northland Secondary School, St. Andrew’s Secondary School, Broadrick Secondary School, Chung Cheng High School (Yishun), Maris Stella High School, and Nanyang Girls’ High School.
Ms NY has 3 years of Principles of Accounting tuition experience. She has a Bachelor’s in Accountancy from SMU (Honours). Ms NY taught in a tuition centre for 1 year. Her private tuition students attended Ping Yi Secondary School, Singapore Chinese Girls’ School, Teck Whye Secondary School, Anderson Serangoon Junior College, Raffles Institution, and Yishun Innova Junior College.
Mr AW has 7 years of Principles of Accounting tuition experience. He is NIE-trained and taught at MOE schools for 11 years. Mr AW has a Bachelor’s in Accountancy from NTU. His private tuition students attended Paya Lebar Methodist Girls’ School (Secondary), Presbyterian High School, Bedok North Secondary School, Cedar Girls’ Secondary School, Marsiling Secondary School, and Pei Hwa Secondary School.
Ms DC has 16 years of Principles of Accounting tuition experience. She has a PhD in Strategy and Policy from NUS. Her Bachelor’s in Accountancy (First Class Honours) was from NTU. Ms DC’s private tuition students attended Jurong Pioneer Junior College, Raffles Institution, Victoria Junior College, Hwa Chong Institution, Tampines Meridian Junior College, and Anglo-Chinese Junior College.
Mr GT has 3 years of Principles of Accounting tuition experience. He has a Bachelor’s in Accountancy from NUS. Mr GT taught at a tuition centre for 1 year. His private tuition students attended Temasek Secondary School, Yusof Ishak Secondary School, Singapore Chinese Girls’ School, St. Gabriel’s Secondary School, Eunoia Junior College, and River Valley High School.
Mr HS has 4 years of Principles of Accounting tuition experience. He is NIE-trained and taught at a junior college for 6 years. Mr HS has a Bachelor’s in Accountancy from NUS. His private tuition students attended National Junior College, Victoria Junior College, Anderson Serangoon Junior College, Jurong Pioneer Junior College, Temasek Junior College, and Dunman High School.
Mr RH has 8 years of Principles of Accounting tuition experience. He has a Bachelor’s in Accountancy from SMU (Honours). Mr RH was the Head of Accountancy in the group of tuition centres that he taught at for 7 years. His private tuition students attended Peicai Secondary School, Nanyang Girls’ High School, Kent Ridge Secondary School, Yishun Innova Junior College, National Junior College, and Dunman High School.
Ms JQ has 11 years of Principles of Accounting tuition experience. She has a Bachelor’s in Accountancy from NTU. Ms JQ was an MOE contract teacher for 3 years and taught at tuition centres for 5 years. Ms JQ’s private tuition students attended Whitley Secondary School, St. Margaret’s Secondary School, Raffles Institution, Victoria Junior College, Nanyang Junior College, and Catholic Junior College.
Ms BP has 8 years of Principles of Accounting tuition experience. She has a Master’s in Financial Engineering from NTU, and a Bachelor’s in Accountancy from NTU (2nd Upper Class Honours). Ms BP was an MOE contract teacher for 1 year. Her private tuition students attended Beatty Secondary School, CHIJ St Nicholas Girls’ School, Damai Secondary School, Anglo-Chinese Junior College, Tampines Meridian Junior College, and National Junior College.
Ms CT has 13 years of Principles of Accounting tuition experience. She has a Bachelor’s in Accountancy from NUS (Honours). Ms CT taught at a leading group of tuition centres for 5 years. Her private tuition students attended Yishun Secondary School, St. Hilda’s Secondary School, Nanyang Girls’ High School, Temasek Junior College, Hwa Chong Institution, and Anglo-Chinese Junior College.
Ms ED has 8 years of Principles of Accounting tuition experience. She has a Bachelor’s in Accountancy from SMU. Ms ED was an MOE contract teacher for 3 years. She taught at a tuition centre for 4 years. Ms ED’s private tuition students attended Yuan Ching Secondary School, Tanglin Secondary School, St. Patrick’s School, Hwa Chong Institution, St. Andrew’s Junior College, and Temasek Junior College.
Mr FL has 12 years of Principles of Accounting tuition experience. He has a PhD in management with specialization in decision sciences from NUS. His Bachelor’s in Accountancy was from NUS (First Class Honours). Mr FL wrote the latest curriculum for O Level and A Level Principles of Accounting for a group of tuition centres. He taught at those tuition centres for 11 years. Mr FL’s private tuition students attended Maris Stella High School, Juying Secondary School, Methodist Girls’ School (Secondary), Eunoia Junior College, National Junior College, and Raffles Institution.
Ms UH has 7 years of Principles of Accounting tuition experience. She has a Bachelor’s in Accountancy from SMU (2nd Upper Class Honours). Ms UH taught at a leading group of tuition centres for 5 years. Ms UH’s private tuition students attended Methodist Girls’ School (Secondary), St. Anthony’s Canossian Secondary School, Crescent Girls’ School, St. Andrew’s Junior College, Anderson Serangoon Junior College, and Victoria Junior College.
Mr MG has 10 years of Principles of Accounting tuition experience. He has a PhD in Operations Research from Columbia University. His Bachelor’s in Accountancy was from NUS (First Class Honours). Mr MG’s private tuition students attended St. Joseph’s Institution, Singapore Chinese Girls’ School, Raffles Institution, Hwa Chong Institution, National Junior College, and Anglo-Chinese Junior College.
Mr JW has 6 years of Principles of Accounting tuition experience. He has a Bachelor’s in Accountancy from NTU. Mr JW was an MOE contract teacher for 1 year. His private tuition students attended Swiss Cottage Secondary School, St. Gabriel’s Secondary School, Paya Lebar Methodist Girls’ School (Secondary), Jurong Pioneer Junior College, Nanyang Junior College, and Anderson Serangoon Junior College.
Ms MW has 10 years of Principles of Accounting tuition experience. She has a Bachelor’s in Accountancy (Honours) from NTU. Ms MW taught at a tuition centre for 2 years. Her private tuition students attended Christ Church Secondary School, Bukit Batok Secondary School, Xinmin Secondary School, National Junior College, Hwa Chong Institution, and Victoria Junior College.
Mr BH has 6 years of Principles of Accounting tuition experience. He has Master’s in Professional Accounting from SMU. His Bachelor’s in Accountancy was from NUS (First Class Honours). Mr BH’s private tuition students attended Singapore Chinese Girls’ School, St. Gabriel’s Secondary School, Raffles Girls’ School (Secondary), St. Andrew’s Junior College, Hwa Chong Institution, and Anglo-Chinese Junior College.
Mr GK has 13 years of Principles of Accounting tuition experience. He has a Bachelor’s in Accountancy from NUS. Mr GK taught at a group of tuition centres for 7 years. His private tuition students attended Ang Mo Kio Secondary School, Anglican High School, Cedar Girls’ Secondary School, Yishun Innova Junior College, Raffles Institution, and Hwa Chong Institution.
Mr FN has 5 years of Principles of Accounting tuition experience. He has a Bachelor’s in Accountancy from NTU. Mr FN taught at a tuition centre for 1 year. His private tuition students attended Mayflower Secondary School, Hua Yi Secondary School, Crescent Girls’ School, Nanyang Junior College, Temasek Junior College, and Yishun Innova Junior College.
Mr RL has 14 years of Principles of Accounting tuition experience. He has a Bachelor’s in Accountancy from NUS (Honours). Mr RL taught at a tuition centre for 2 years. His private tuition students attended Greendale Secondary School, CHIJ St Joseph’s Convent, Hai Sing Catholic School, Jurong Pioneer Junior College, Temasek Junior College, and Raffles Institution.
Ms MG has 3 years of Principles of Accounting tuition experience. She is NIE-trained and taught at an MOE school for 5 years. Ms MG has a Bachelor’s in Accountancy from NTU. Her private tuition students attended Yuan Ching Secondary School, Teck Whye Secondary School, River Valley High School, Paya Lebar Methodist Girls’ School (Secondary), Evergreen Secondary School, and CHIJ St Theresa’s Convent.
Ms YB has 13 years of Principles of Accounting tuition experience. She has a Bachelor’s in Accountancy from NTU. Ms YB was an MOE contract teacher for 3 years. She taught at tuition centres for 7 years. Ms YB’s private tuition students attended St. Gabriel’s Secondary School, Fairfield Methodist School (Secondary), Clementi Woods Secondary School, Nanyang Junior College, Victoria Junior College, and Anderson Serangoon Junior College.
Ms AL has 13 years of Principles of Accounting tuition experience. She has a Bachelor’s in Accountancy from NUS (Honours). Her private tuition students attended St. Andrew’s Secondary School, River Valley High School, Queensway Secondary School, Eunoia Junior College, Tampines Meridian Junior College, and Anglo-Chinese Junior College.
Mr NM has 8 years of Principles of Accounting tuition experience. He has a Master’s in Asset & Wealth Management from NTU. His Bachelor’s in Accountancy was from NTU (2nd Upper Class Honours). Mr YPS taught at a tuition centre for 5 years. His private tuition students attended Si Ling Secondary School, Nan Hua High School, Methodist Girls’ School (Secondary), National Junior College, Temasek Junior College, and Anderson Serangoon Junior College.
Ms TS has 4 years of Principles of Accounting tuition experience. She has a Bachelor’s in Accountancy from NTU (Honours). Her private tuition students attended Singapore Chinese Girls’ School, Tanjong Katong Girls’ School, Anglo-Chinese School (Independent), St. Andrew’s Junior College, Catholic Junior College, and Tampines Meridian Junior College.
Ms AL has 12 years of Principles of Accounting experience. She has a Bachelor’s in Accountancy from NTU (First Class Honours). Ms AL was an MOE contract teacher for 4 years. Her home tuition students attended Catholic High School, Nan Chiau High School, Singapore Chinese Girls’ Secondary School, Victoria Junior College, National Junior College, and Hwa Chong Institution.
Mr KP has 9 years of Principles of Accounting tuition experience. He taught at tuition centres for 7 years. Mr KP has a Bachelor’s in Accountancy from SMU (First Class Honours). His private tuition students attended St Patrick’s School, Ngee Ann Secondary School, Maris Stella High School, Anglo-Chinese Junior College, Raffles Institution, and Tampines Meridian Junior College.
The MOE states that:
As preparers of accounting information, students are to develop:
- An understanding of the elements, theories and procedures of accounting
- An understanding of the accounting information system
- The skills of recording, organising, summarising and analysing business transactions
- An understanding of how accounting information is being presented
- The skills of presenting quantitative accounting information
- An understanding of how accounting information is being used
How to study principles of accounting, using the latest Singapore MOE syllabus:
- The skills of analysing, interpreting and evaluating business performance and status
- The general environment that accounting operates in, particularly about the stakeholders, professional ethics, business context and accounting theories
- The accounting information system and the methodology used to collate, record, organise and summarise the information
- The elements of the financial statements, and the practices and procedures applied on them
- Analysing the effects of accounting transactions on financial statements
- Analysing and interpreting financial statements
- Evaluating businesses for their profitability, liquidity and inventory management using financial information and ratios
- Integrity and objectivity
- Social responsibility, through the context of accounting and how it can affect users of financial information
- Being logical, methodical, consistent and accurate
- Stakeholders
- Professional Ethics
- Profit-making Entities
- Forms of Entities
- Accounting Theories
- Elements of Financial Statements
- Double entry Recording
- Accounting Equation
- Petty Cash Book
- General and Subsidiary Ledgers
- Trial Balance
- Bank Reconciliation
- Sales Revenue, Other Income, Cost of Sales and Expenses
- Balance Day Adjustments
- Trade Receivables
- Inventories
- Understanding the preparation of the financial statements and the significance of financial results and status
- Income Statement
- Incomplete Records
- Understanding the practices and procedures applied to represent the owner’s interest in the entities of sole proprietor and limited company
- Sole proprietorship
- Limited Company
- Communicating an entity’s activities
- Book-keeping and accounting
- Define book-keeping
- Define accounting
- Distinguish between book-keeping and accounting
- Roles of Accounting
- The setting up of an accounting system to collate, record, organise and report financial information
- How the stewardship role leads to the creation of the accounting system
- How accounting information is used for decision-making
- Principles of professional ethics are: (i) integrity and (ii) objectivity
- Integrity is being straightforward and honest in all professional and business relationships
- Objectivity is not letting bias, conflict of interest or undue influence of others to override professional judgement
- Responsibility of the preparer to adopt professional ethical practices in the
- preparation and presentation of accounting information to fulfil the roles of
- accounting
- Differences in the Balance Sheets and Income Statements only for sole
- proprietorship and limited company
- Advantages and disadvantages between sole proprietorship and limited company
- The sole proprietor usually manages the business himself while limited company is usually managed by professionals
- Accounting theories and their implications on the preparation and presentation of Balance Sheet and Income Statement
- Prudence
- Matching
- Accrual
- Some accounting theories apply to the entire preparation of the financial statement and are not specific to any accounting element. Examples: accounting period, monetary, objectivity, etc.
- All business activities are represented by these elements: asset, liability, equity, income and expense, and their examples
- Double entry effects of recording
- Accounting Equation
- Basic accounting equation of assets = equity + liabilities, and its expansion to include income and expenses
- The accounting equation is the basis of the Balance Sheet
- Calculate the values of assets, liabilities and equity using the accounting equation
- Analyse the effects of accounting transactions on the accounting equation
- Representation and Presentation of Financing Activities
- Shareholders’ Equity
- Long-term and Short-term Borrowing
- Representation and Presentation of Investing Activities
- Property, Plant and Equipment
- Representation and Presentation of Operating Activities
- Income and Expenses
- Inventories
- Accounting Principles
- Accounting Information System and Accounting Cycle
- Double-Entry Recording
- Accounting Measurements
- Measuring Economic Activities
- Managerial Accounting
- Accounting Measurements
- Measuring Costs of Products, Services and Other Cost Objects
- Prepare and convey the basic financial statements
- The basic forms of business entities, and the practices and procedures applied to represent the owner’s or owners’ interests
- The use of financial information and financial ratios for evaluation of profitability, liquidity and inventory management
- Applying the double entry system of recording business transactions
- Organising and presenting accounting information in ledger accounts and financial statements
- Identify and comprehend accounting knowledge appropriate to the syllabus
- Select and apply accounting knowledge to various accounting situations
- Analyse, interpret, organise and synthesise accounting information
- Interpret and evaluate accounting information to make judgements and recommendations
- Understanding the general environment that accounting operates in
- Accounting and Book-keeping
- Roles of Accounting
- Journal Entry
- Ledger Account
- Accounting System and Accounting Cycle
- Source Documents
- Journals
- Cash Book
- Special Journals
- General Journal
- Trade Payables
- Control Accounts
- Capital and Revenue Expenditure
- Non-current Assets
- Sale of Non-current Assets
- Long-term Borrowings
- Correction of Errors
- Balance Sheet
- Financial Statements Analysis
- Understanding the use of financial ratios to analyse financial results and status
- Financial Analysis
- Profitability
- Liquidity
- Inventory Management
- Definition of accounting: recording, analysing, summarising, interpreting
- The stewardship role
- Use of accounting information for decision-making by internal and external
- users
- Internal stakeholders: analysing, monitoring and controlling the performance of the business, and planning
- External stakeholders: analysing and evaluating the performance of the
- business
- The roles of accounting
- Users of accounting information: owners, suppliers (creditors), bankers,
- customers (debtors), employees and government
- Other parties: potential investors, competitors and increasingly, the general public
- Decisions that each stakeholder makes, and the accounting information he would need
- Profit for the period, assets (current assets, cash, etc.), borrowings, etc.
- Comparison and trend of accounting information and financial ratios
- Main business activities of profit-making businesses: trading and service
- Difference between the business activities of trading and service businesses as seen on the Balance Sheets and Income Statement
- The trading portion of the Income Statement, the presence of inventory, the types of income and expenses, etc.
- Sole proprietorship, partnership and limited company
- Differences in terms of: capital structure, extent of liability and management of business
- Accounting entity (business entity)
- Monetary
- Accounting period
- Going-concern
- Historical cost
- Consistency
- Materiality
- Objectivity
- How the trade of the business affects the classification of items
- Distinguish between (i) inventory and non-current assets, and (ii) expenses
- and non-current assets
- An expense to a business may be an income to another
- Define assets, liabilities, equity, profit, income and expenses
- Assets, liabilities, income and expenses for a specific business
- Classify elements according to assets, liabilities, equity, income and expenses
- Financial Accounting
- Financial Statements Analysis
- Managerial Accounting
- Cost-volume-profit Analysis
- Variance Analysis
- Capital Investment Appraisal
- Relevant Information for Decision-making
- Accounting Equation
- Trade Receivables and Other Receivables
- Trade Payables and Other Payables
- Cash on hand and Cash at Bank
- Correcting Accounting Errors and Re-construction of Accounts
- Correcting Accounting Errors
- Incomplete Records
- Financial Accounting
- Accounting Assumptions and Principles
- Cost Flow in a Manufacturing Business
- Normal Job-costing System
- Budgeting
- Horizontal analysis; vertical analysis; ratio analysis
- Improving financial performance, financial position and cash flows
- Computing working capital, quick assets and liquidity financial ratios
- Cash conversion cycle (working capital cycle)
- 2 Days-sales-in-inventory (days) and rate of inventory turnover (times)
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