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O Level PRINCIPLES OF ACCOUNTS CALA Component C 2023

The document outlines a learning area focused on the Principles of Accounts for O Level students in Zimbabwe, emphasizing the importance of preparing financial statements for employers. It includes an activity requiring research on financial report formats for sole traders and tasks students with preparing a Statement of Profit or Loss and a Statement of Financial Position. The objective is to enhance students' presentation skills in financial reporting.

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Trevor Chinguwo
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32 views2 pages

O Level PRINCIPLES OF ACCOUNTS CALA Component C 2023

The document outlines a learning area focused on the Principles of Accounts for O Level students in Zimbabwe, emphasizing the importance of preparing financial statements for employers. It includes an activity requiring research on financial report formats for sole traders and tasks students with preparing a Statement of Profit or Loss and a Statement of Financial Position. The objective is to enhance students' presentation skills in financial reporting.

Uploaded by

Trevor Chinguwo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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CITY STUDY CENTRE

LEARNING AREA Principles of Accounts


SUBJECT CODE 4051
LEVEL O Level
CALA NUMBER 3. (Component “C”)
CALA TOPIC Presentation of Financial Statements
OBJECTIVE Preparation of financial statements.
COMPETENCE Presentation Skills

Background:
In Zimbabwe, a majority of employers are now employing students on attachment
especially in accounting. The employers’ expectation is that graduates in accounting
are better able to prepare financial statements for the benefit of management and
the company.

THE ACTIVITY.
Research on formats and contents of financial reports for the various business type
especially the sole trader model.

Question (30 marks)


From the research activity above, use the attached question on financial statements
and prepare:

a- Statement of Profit or Loss and other Comprehensive Income (Income


statement) (15)

b- Statement of Financial Position (15)

Annexure “A”

 See next page.

1
End of CALA

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