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Reasons not to drop principles of accounts (POA) for O Level / N Level

Updated: Jul 24, 2020

Many Sec 3 students are considering to drop POA for O Level / N Level now because many of them struggled to understand the subject. The reason could be due to the ineffectiveness of the recent home-based learning (HBL) as a result of Covid-19 or perhaps students just could not understand the many business jargons being used in a new context. Such reasons could be discussed further in another upcoming EduBlog post.

Regardless of whatever the reason is, today’s EduBlog post will discuss the reasons for students NOT to drop POA. Please do not make the WRONG CHOICE!

Reason 1: It’s a subject based on logic and common sense

Question: if you contribute money to a business? Does the business’s cash increase or decrease?

If you can answer that the business cash increases, I’m sure you have enough logic and common sense to tackle POA questions. All we have to do is to always ask students simple questions like that and with some guidance, they can always find out the right answer based on logic and common sense! Helping youngsters to make sense of concepts like that will help them to remember concepts easier without the need to memorise.

Reason 2: It helps teenagers to have money sense

As teenagers who still hasn’t experienced the hard work to put in to earn their own keep, it’s difficult for them to manage their finance and to understand the importance of money. Learning POA can help students explore the possibilities of how they can earn their future income and manage their finance.

For instance, when watching korean and Netflix dramas or hollywood movies, many have seen how investors/shareholders of a business fight to become the majority shareholder. Many teenagers could have watched such films without their doubts answered. But learning POA, this is what they will be taught, have their practical doubts cleared. Speaking from experience, after students attend our POA classes, they start to be reminded of questions about what they saw or heard in real-life before. Students ask questions like “why do we have to pay tax?”, “my aunt invested $40,000 into this company but she said that she won’t lose that money, are there different types of shareholders?”, “why banks are more willing to lend money to companies than individuals?” Such questions are very adult-ish questions which parents would really appreciate if their teenager child is inquisitive (in such context) at a young age and have their questions answered.

Many will also learn how to help to revive a dying business and understand the importance of having enough cash. This will also help them realise the importance of saving money for rainy days.

Reason 3: how POA can become an easy subject

With the above two points discussed, many students will then develop interest to help them study the subject. It then becomes a subject that you can Ace very easily. As we are able to help youngsters relate POA to their life, it makes things more fun and they become more inquisitive. This is when things start to get easy for them. They will want to work hard for something that they are interested in. We not only are able to change their mentality towards the subject, we will also help them to stay motivated to learn about POA

With that said, we hope that Sec 3 students who are considering to drop POA can think twice. Before you make your decision, you can try out our POA free trial!

100% of such students, never look back and will continue to strive hard for the subject that they had once nearly give up! Images credit: Google

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