POA SBA Guidelines
THE POA SBA (Paper 3)
The SBA component of the exam is designed for students at registered centers, enabling them the opportunity to:
• Gain partial marks/grade prior to sitting the exam.
• Be involved in hands on or some level of practical accounting.
The SBA gives the students up to a maximum of 40 marks. Paper 1- 60 marks; Paper 2 – 100 marks. Overall, the students can gain 20% (40/200) of their final score prior to sitting the examination.
Private candidate (without a registered center) will have to sit an additional paper in place of the SBA.
The SBA requires students to be either engaged in:
• the simulation of a business entity and recording of these simulated transactions, or
• the actual operation of a small business venture.
Typically, the following business ventures are suitable:
• Sole trader
• Partnership
• Limited company
• Not for profit organization (clubs etc.)
• Cooperative
Students should be able to record or document transactions for a given period, (e.g. one month, one quarter), prepare the financial statements from these records, interpret these statements, make recommendations and extract a conclusion.
The students’ work should then be submitted in a simple folder.
1. Title page – bearing the name of student, school, subject, registration number, center number and date submitted.
2. Table of contents – content areas and page numbers corresponding to pages within the project.
• Aims of project
• Name of business and description of activities
• Accounting procedures and record kept
• Simulated Transactions
• Source Documents
• Books of Original Entry
• Three Column Cashbook
• Ledger Accounts
• Trial Balance
• Financial statements
• Statement of Performance of the Business
• Interpretation of Result
• Suggestions/Recommendations
• Conclusion
The SBA component of the exam is designed for students at registered centers, enabling them the opportunity to:
• Gain partial marks/grade prior to sitting the exam.
• Be involved in hands on or some level of practical accounting.
The SBA gives the students up to a maximum of 40 marks. Paper 1- 60 marks; Paper 2 – 100 marks. Overall, the students can gain 20% (40/200) of their final score prior to sitting the examination.
Private candidate (without a registered center) will have to sit an additional paper in place of the SBA.
The SBA requires students to be either engaged in:
• the simulation of a business entity and recording of these simulated transactions, or
• the actual operation of a small business venture.
Typically, the following business ventures are suitable:
• Sole trader
• Partnership
• Limited company
• Not for profit organization (clubs etc.)
• Cooperative
Students should be able to record or document transactions for a given period, (e.g. one month, one quarter), prepare the financial statements from these records, interpret these statements, make recommendations and extract a conclusion.
The students’ work should then be submitted in a simple folder.
1. Title page – bearing the name of student, school, subject, registration number, center number and date submitted.
2. Table of contents – content areas and page numbers corresponding to pages within the project.
• Aims of project
• Name of business and description of activities
• Accounting procedures and record kept
• Simulated Transactions
• Source Documents
• Books of Original Entry
• Three Column Cashbook
• Ledger Accounts
• Trial Balance
• Financial statements
• Statement of Performance of the Business
• Interpretation of Result
• Suggestions/Recommendations
• Conclusion