ACCOUNTING 0452 IGCSE
SCHOOL
BASED SYLLABUS
School Based Syllabus Accounting 0452
ACCOUNTING 0452 IGCSE SCHOOL BASED
SYLLABUS
BASED SYLLABUS
ACCOUNTING 0452 IGCSE
SCHOOL
BASED SYLLABUS
ACCOUNTING 0452 IGCSE
SCHOOL
ACCOUNTING 0452 IGCSE
SCHOOL
BASED SYLLABUS
Form 1 (Year 1): 15% of the Syllabus
Focus on fundamental concepts, basic bookkeeping, and introductory financial statements.
Term 1: Introduction to Accounting Basics
• 1.1 The Purpose of Accounting
i. Difference between bookkeeping and accounting ii.
Purposes of measuring business profit and loss iii.
Role of accounting in decision-making
• 1.2 The Accounting Equation
i. Assets, liabilities, and owner’s equity ii. Application of
the accounting equation
Term 2: The Double Entry System and Business Documents
• 2.1 The Double Entry System of Bookkeeping
i. Overview of the double entry system ii. Ledger
accounts: sales, purchases, nominal (general) ledger iii.
Posting and balancing transactions
• 2.2 Business Documents
i. Key business documents (invoice, credit note, cheque,
receipt, etc.) ii. Completing pro forma documents and
their use in record-keeping
Term 3: Books of Prime Entry and Trial Balance
• 2.3 Books of Prime Entry
i. Cash book, petty cash, journals (sales, purchases, returns)
ii. Trade and cash discounts
• 3.1 The Trial Balance
ACCOUNTING 0452 IGCSE
SCHOOL
i. Purpose and limitations
BASED SYLLABUS
ii. Preparing a trial balance
Form 2 (Year 2): 30% of the Syllabus
Building on fundamentals, learners are introduced to adjustments, control accounts, and bank
reconciliations.
Term 1: Adjustments and Financial Statements for Sole Traders
• 4.1 Capital and Revenue Expenditure
i. Distinguishing and accounting for capital/revenue expenditure and receipts
• 4.2 Depreciation and Disposal of Non-Current Assets
i. Reasons for depreciation; methods: straight-line, reducing balance ii. Ledger
accounts and journal entries for depreciation and asset disposal
Term 2: Verification of Accounting Records
• 3.2 Correction of Errors
i. Types of errors and the use of suspense accounts ii. Adjusting profits
based on error corrections
• 3.3 Bank Reconciliation
i. Bank statements, updating cash books, and preparing reconciliation statements
• Term 3: Control Accounts and Provisions for Doubtful Debts
• 3.4 Control Accounts
i. Purchases and sales ledger control accounts, credit transactions
• 4.4 Irrecoverable Debts and Provision for Doubtful Debts
i. Accounting for irrecoverable debts and provisions
ACCOUNTING 0452 IGCSE
SCHOOL
BASED SYLLABUS
Form 3 (Year 3): 55% of the Syllabus
Advanced topics covering financial statements for various entities, inventory valuation,
incomplete records, and analysis.
Term 1: Advanced Financial Statements and Inventory Valuation
1. 5.1 Sole Traders Financial Statements
a. Income statements, balance sheets, adjustments for depreciation, accruals, and
prepayments
2. 4.5 Valuation of Inventory
a. Valuation basis: cost or net realizable value
b. Effects of inventory valuation on financial statements
Term 2: Partnerships, Limited Companies, and Clubs & Societies
• 5.2 Partnerships
a. Partnership agreements, appropriation accounts, capital, and current accounts
5.3 Limited Companies
b. Limited liability, equity, income statements, and balance sheets
5.4 Clubs and Societies
c. Receipts/payments accounts, income/expenditure accounts, accumulated funds
Term 3: Manufacturing Accounts and Incomplete Records
5.5 Manufacturing Accounts
a. Direct/indirect costs, prime cost, factory overheads, factory cost of production
5.6 Incomplete Records
b. Opening/closing statements of affairs, calculating profit/loss, applying
markup and margin
ACCOUNTING 0452 IGCSE
SCHOOL
BASED SYLLABUS
Form 4 (Year 4): Revision and Exam Preparation
Term 1: Focused Revision on Core Concepts
• Recap and practice: double entry system, trial balance, adjustments, control accounts, and
error corrections
• Practice past papers focusing on specific core topics
Term 2: Mock Exams and Feedback
• Completion of timed past papers and full mock exams
• Review and individual feedback on weak areas
Term 3: Final Exam Preparation and Strategy
• Practice sessions focused on exam techniques, time management, and structured
answering
• Comprehensive review of all topics with final mock exams and feedback
This syllabus layout provides a progressive and thorough approach to IGCSE
Accounting, ensuring a strong foundation and ample time for revision and exam
readiness in Form 4.
ACCOUNTING 0452 IGCSE
SCHOOL
BASED SYLLABUS
SCHOOL-BASED SYLLABUS OUTLINE
Purpose (The WHY)
To standardize content delivery across the 4 years of high school education in each subject. This
standardization aims to enable students to attain high academic results through a structured,
manageable quantity of content each academic year.
Accounting 0452 Syllabus
1. Understanding the Subject
• Structure: Two main papers assess theoretical understanding and practical application in
accounting.
• Updated Syllabus: The syllabus is updated every three years to reflect changes in
accounting standards and practices.
• Paper 1: Multiple-Choice (35 Marks) o Key Focus Areas: Basic accounting
concepts, double-entry bookkeeping, trial balance, and basic financial statements.
o Skills Required:
Understanding and application of accounting concepts.
Identifying and correcting accounting errors.
Analyzing accounting data to prepare basic financial reports.
• Paper 2: Structured and Recommendation-Type Questions (90 Marks) o Key
Focus Areas: Preparation of financial statements, adjustments in accounts, financial
analysis, and interpretation.
o Skills Required:
Detailed preparation and analysis of income statements and balance
sheets.
Understanding of adjustments (e.g., accruals, prepayments, depreciation).
Interpretation of financial statements for decision-making.
• Syllabus for Each Year:
ACCOUNTING 0452 IGCSE
SCHOOL
BASED SYLLABUS
2. Plan and Coverage
Form 1
• Term 1: Introduction to the accounting cycle and key concepts, such as the purpose and
structure of financial statements.
• Term 2: Double-entry bookkeeping with exercises in recording transactions in ledger
accounts.
• Term 3: Introduction to trial balance preparation and correction of errors.
• Assessments: Multiple-choice and short-answer questions focusing on basic concepts
and transaction recording.
Form 2
• Term 1: Advanced bookkeeping concepts, such as petty cash and control accounts.
• Term 2: Financial statements preparation, including income statements and balance
sheets.
• Term 3: Introduction to ratios and financial analysis.
• Assessments: Structured questions covering trial balance, adjustments, and basic
financial reporting.
Form 3
• Term 1: Reinforcement of financial statements preparation and adjustments, including
depreciation and bad debts.
• Term 2: In-depth practice with financial analysis, using ratios to interpret financial data.
• Term 3: Self-assessment through peer-marking, mock exams, and revision of weak
areas.
• Assessments: Full paper assessments with emphasis on adjusting entries, financial
statements, and ratio analysis.
Form 4
• Year Plan: Focused on preparing for final exams, covering all areas with emphasis on
practical application, analytical skills, and accurate presentation.
BASED SYLLABUS
ACCOUNTING 0452 IGCSE
SCHOOL
3. Teaching Assessment Objectives for Form 1 and 2
Objective Description Suggested Topics
Knowledge and understanding of Introduction to accounting, importance of
AO1 basic accounting terms and bookkeeping, key terms such as assets, liabilities,
concepts revenue, expenses
Application of double-entry Double-entry system, ledger entries, trial balance
AO2
bookkeeping in practical contexts preparation
Preparation of financial statements
Income statements, balance sheets, error
AO3 and ability to analyze financial correction
data
Analysis and evaluation of
Basic financial ratios, interpretation of results for
AO4 financial data for informed business decisions decision-
making
This structured syllabus plan provides a clear, progressive approach to teaching accounting,
enabling students to develop skills and knowledge incrementally across each form. Adjustments
to content may occur based on individual learning rates, school/national calendars, and available
resources.
BASED SYLLABUS
