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CALA COMPONENT D
Learning Area: Principles of Accounting
Level: Form 4
CALA type: Pen and Paper
Syllabus Topic : Financial Statements page 2
Syllabus Subtopic: Financial statements
CALA Title: Preparation of Financial statements
Competences/Skills: Identifying, Record, Create.
Background: It has been observed that some business operators do not calculate
profit, neither do they prepare the statement of financial position of the business.
The CALA:
This CALA consists of three parts, Part A, B and C. You are required to respond
to all parts.
Part A:
Make a research on the different costs/ expenditure incurred by a business and
assets and liabilities of the business.

Part B
Using the data gathered in part A, make a presentation on your findings and
compute the profit / loss and prepare the statement of financial position.

Part C
Make recommendations

CALA Tip
Remember the different types of expenditure in a business
-you may make reference to your notes
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Learner Guide
Learning Area: Principles of Accounting
Level: Form 4
Cala type: Pen and Paper
Syllabus Topic: Financial statements
Subtopic: Financial Statements
Cala Tittle: Preparing financial statements
Competences/Skills: Identifying,Record, Creativity, prepare
Background: It has been observed that small business operators do not calculate
profit not prepare the statement of financial position.
Cala Description
The CALA consists of 3 parts - part A, B and C
Part A
Evidence of research (10)

Part B
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Present a statement of comprehensive income using the expenses, incomes

(10)
Statement of financial position (10 )
Part C
Recommendations. (10)

Neatness and presentation. (10)

Ability to meet submission date (10)
Total. (50)
Cala Tips
-remember business costs
-you may make reference to your notes.
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Teacher Cala Guide

Learning Area: Principles of Accounting
Level: Form 4
Cala type: Pen and Paper
Syllabus Topic: Financial statements.Syllabus page 2
Syllabus Subtopic: Financial Statements
CALA Title: Preparing Financial statements
Competences/Skills: identifying, record, create.
Background: It has been observed that many small business operators may not be
able to differentiate between revenue and capital expenditure and this may affect
the quality of Financial Statements.
Dimensions/Criteria to be assessed
Ability to classify items
Ability to capture information
Ability to meet submission date.
Objectives
By the end of the CALA candidates should be able:
prepare an income statement and statement of financial position

Assessment procedure guide

This CALA will be assessed out of 50 marks.
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Achievement standard
School Name:
Name:
CALA Component: B
Date of Submission:
Learning Area: Principle of Accounting
Level: Form 4
Title: Preparing the income statement and statement of financial position
ACHIEVEMENT STANDARD

SCHOOL NAME:

NAME: SURNAME: COMPONENT A:

DATE OF SUBMISSION:___/___2021

LEARNING AREA: PRINCIPLES OF ACCOUNTING LEVEL: FORM 4

TITLE: Differentiating Capital and Revenue Expenditure

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SATISFAC

UNSATISF
EXCELLE

INADEQU
DIMENSI

ACTORY
CRITERI
ONS OR

MARK

MARK

MARK

MARK

MARK
GOOD

TORY

ATE
NT
15 A 13- 15 10- 12 8-9 6-7 0- 5

Develop an Excellent Good research Satisfactory Unsatisfactor Cannot obtain

ability to research and and development y research and any
utilise communicatio communicatio of research communicatio meaningful
research skills n skills to n skills to and n skills to economic data
to obtain obtain obtain communicatio obtain from different
economic data economic economic data n skills to economic sources
data obtain data
economic
data
15 13 - 15 10 - 12 8-9 6-7 0- 5

Develop Very strong More than Sufficient Unsatisfactor Can not

strong skills capabilities in sufficient capabilities in y capabilities tabulate,
to tabulate, tabulating, capabilities in tabulating, in tabulating, organise and
organise and organising tabulating, organising organising manipulate
manipulate and organising and and economic data
economic data manipulating and manipulating manipulating
manipulating economic economic
economic
economic data data data
data
10 9- 10 7-8 5- 6 3- 4 0- 2

Apply Exceptional Good work. Satisfactory unsatisfactory Cannot

accounting work. Able to Able to capabilities. capabilities.
identify
knowledge in make give the Able to 2-3 Able to give
making appropriate appropriate give the the patterns in
recommendati interpretation interpretation appropriate appropriate
consumption
ons. and give 5 and 3-4 interpretation interpretation
recommendati and and of goods and
recommendati
ons. recommendati 1recommenda
ons give the
ons tion
appropriate
interpretation
and 0
recommendati
ons

TOTAL. 40

Neatness. 10

50
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Dimensions/. 9-10 7-8. 5-6. 3-4. 0-2

Skills. 5. 4. 3. 2. 1
Listing
Collecting
Visiting and
Measuring
Drawing
Submission