Accounting
Accounting deals with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation and communication of financial statements and managerial reports. The subject encompasses accounting knowledge, skills and values that focus on financial accounting, managerial accounting and auditing fields. These fields cover a broad spectrum of accounting concepts and skills to prepare learners for a variety of career opportunities.
| Grade | Term 1 | Term 2 | Term 3 | Term 4 |
|---|---|---|---|---|
| 10 | Indigenous bookkeeping Ethics (introduction) GAAP Principles Internal control (introduction) Bookkeeping of a sole trader | Value Added Tax (VAT) Salaries and Wages Final Accounts | Financial Statements Adjustments Analysis and interpretation of financial statements | Cost accounting; Manufacturing concepts Budgeting |
| 11 | Reconciliations Fixed Assets Bookkeeping of a Partnership | Partnerships: Analysis and Interpretation Bookkeeping of a Club | Cost Accounting Budgeting Cash Budget Inventory systems | Value Added Tax (VAT) |
| 12 | Companies: Unique transactions Companies: Final account Companies: Analysis and interpretation Companies: Analysis of published financial statements and audit reports | Ethics Fixed Assets Internal Control Inventory Systems Reconciliations Value Added Tax (VAT) | Cost Accounting: Production Statement with notes, Trading and Profit and Loss Statement, calculations Budgeting | Revision and examination preparation |
SKILLS/CHARACTERISTIC TRAITS PUPILS SHOULD POSSESS IN ORDER TO DO ACCOUNTING:
- A good work ethic
- Attention to detail
- Analytical skill
- Good organisational skills
- Good time management
- Critical thinker
- Perseverance
- Self-discipline
- Problem-solving skills
POSSIBLE CAREER/JOB OPPORTUNITIES:
- Bookkeeper
- Business management
- Tax specialist/consultant
- Auditing
- Management consulting
- Broker
- Banking
- Accountant
- Chartered Accountant
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Accounting
Accounting deals with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation and communication of financial statements and managerial reports. The subject encompasses accounting knowledge, skills and values that focus on financial accounting, managerial accounting and auditing fields. These fields cover a broad spectrum of accounting concepts and skills to prepare learners for a variety of career opportunities.
SKILLS/CHARACTERISTIC TRAITS PUPILS SHOULD POSSESS IN ORDER TO DO ACCOUNTING:
SKILLS/CHARACTERISTIC TRAITS PUPILS SHOULD POSSESS IN ORDER TO DO ACCOUNTING:
- A good work ethic
- Attention to detail
- Analytical skill
- Good organisational skills
- Good time management
- Critical thinker
- Perseverance
- Self-discipline
- Problem-solving skills
POSSIBLE CAREER/JOB OPPORTUNITIES:
- Bookkeeper
- Business management
- Tax specialist/consultant
- Auditing
- Management consulting
- Broker
- Banking
- Accountant
- Chartered Accountant