Business Fundamentals / BAFS

CURRICULUM AIMS for

• to provide students with fundamental business knowledge and skills, and develop their positive values and attitudes, so that they can fulfill their roles competently and confidently as consumers, investors, employees, and/or entrepreneurs;
• to develop students’ generic skills in research, analysis, leadership, team-building, communication, critical thinking, creativity, and problem-solving and transfer them to different domains; and
• to explore different aspects of business to prepare students for life, for learning, and for employment.

 SYLLABUS

Junior Forms

Level	Topics
S3	Financial Accounting 1. Forms of business ownership 2. Stock trading as an Investment 3. Personal financial planning 4. Career in business sector 5. Business functions I 6. Introduction to accounting 7. Accounting equation 8. The double entry system 9. Income statement 10. Financial analysis – Profitability

Senior Forms

Level	Topics
S4	Financial Accounting 1. Introduction to accounting and Accounting equation 2. The double entry system: Debtors, creditors and drawing 3. The double entry system: The treatment of stock 4. The double entry system: Revenue and expenses 5. The double entry system: Trade discounts and cash discounts 6. The double entry system: Closing balances 7. The trial balance 8. Income statement 9. Balance sheet 10. Period-end Entries 11. Accruals and prepayments 12. Bad debts and allowance for doubtful accounts 13. Balancing day adjustment for financial statement #1 14. More about accruals and prepayments 15. Revenue expenditure and capital expenditure 16. Depreciation 17. Double entries of depreciation 18. Disposal of non-current assets 19. Valuation of stock 20. Balancing day adjustment for financial statement #2
S5	Financial Accounting 21. Books of original entries and ledgers 22. Cash books 23. The banking services 24. Bank reconciliation statement 25. Day books 26. Journal 27. Correction of errors – Errors not affecting trial balance agreement 28. Correction of errors – Suspense accounts 29. Correction of errors – Adjustments of profits and working capital 30. Correction of errors – Adjustments in different period of accounting cycle 31. Limited companies – Issue of shares and debentures 32. The financial statement of limited companies 33. Financial analysis 34. Accounting concepts 35. Incomplete Records – Stock loss 36. Incomplete Records – Final accounts and cash loss 37. Partnership: final accounts 38. Partnership: Goodwill 39. Partnership: Revaluation 40. Partnership: Dissolution Cost Accounting 1. Cost Classification, Concepts and Terminology 2. Manufacturing accounts 3. Absorption of overheads and absorption costing 4. Job costing 5. Marginal costing 6. Cost-volume-profit analysis 7. Cost accounting for decision-making 8. Reconciliation of profits under absorption and marginal costing system Business and Management 1. Hong Kong business environment 2. Forms of business ownership 3. Entrepreneurship and small and medium enterprises management 4. Management functions 5. Effective management 6. Key business functions 7. Business ethics and social responsibility Financial Studies 1. Time value of money 2. Consumer credit 3. Personal financial planning and investments 4. Stock trading as an investment
S6	Revision

ASSESSMENT DESIGN

Junior Form S1 – S3
Internal Assessment
There will be no Organised Tests or written examinations for S1 – S3 students.
Examination results will be shown as Grade A to E and U, based on the assignments.

Senior Form S4 – S5

Level	COMPONENT	Part	WEIGHTING	DURATION
S4 1st term	Interim Exam   Continuous Assessments	MC questions (30%) Conventional questions (70%)	75%   25%	1 hours 30 minutes
S4 2nd term	Final Examination   Continuous Assessments	Conventional questions	75%   25%	1 hours 30 minutes
S5 1st term	Interim Exam   Continuous Assessments	Conventional questions	70%   30%	2 hours 15 minutes
S5 2nd term	Final Examination   Continuous Assessments	Conventional questions	75%   25%	2 hours 15 minutes
S6	Mock Examination	Paper I Compulsory Part MC question (33.3%) Short questions (66.7%) Paper II Elective Part (Accounting module)	40% 60%	1 hour 15 minutes   2 hours 15 minutes

SBA FOR PUBLIC EXAMINATIONS

There is NO SBA for BAFS.