SUMMARY OF LEARNING PROCESS

ACCOUNTING

GRADE 10 GRADE 11 GRADE 12

Principles of accounting & double
Partnership Budgeting
entry bookkeeping
1.1 Statements of profit or loss &
1.1 Role & purpose of accounting 1.1 Budgeting
appropriation accounts
1.2 Partners’ current accounts & capital 1.2 Flexible budgets & variance
1.2 Types of business organization
accounts analysis

1.3 Accounting concepts & conventions 1.3 Use of the Partnership Agreement Project appraisal

1.4 Partners’ salaries, division of profit

1.4 Professional ethics or loss, interest on loans, capital & 2.1 Non-discounted methods
drawings.

1.5 Use of technology in accounting 1.5 Retirement of a partner 2.2 Discounted methods

Financial statements of clubs & non-

Double-Entry System
profit making organisations
SEMESTER1

2.1 Business documentation 2.1 Receipts & payments account

2.2 Trading accounts for different

2.2 Books of account
activities

2.3 Books of original entry 2.3 Subscriptions account

2.4 Ledger accounting 2.4 Income & expenditure accounts

Capital expenditure & revenue Financial statements of

expenditure manufacturer

3.1 Capital Expenditure 3.1 Valuation of inventory

3.2 Revenue expenditure 3.2 Labour costs

Control Procedure 3.3 Overhead costs

4.1 Trial Balance 3.4 Job costing

4.2 Control Account

4.3 Correction of errors

Year-end adjustments Limited companies Break Event Analysis

5.1 Prepaid or accrued income or

4.1 Financial statements 3.1 Break Event Analysis
expenditure

5.2 Provisions 4.2 Capital structure 3.2 Target level of profit

4.3 Merger or purchase of limited Marginal Costing & Absorption

5.3 Irrecoverable debts
companies Costing
SEMESTER2

4.1 Marginal Costing & Absorption

5.4 Non-current asset depreciation Investment ratios
Costing
5.1 Analysis of accounting statements:
5.5 Bank reconciliation statements
ratios

Financial statements of sole traders 5.2 Investment ratios

6.1 Statements of profit or loss Statement of cash flows

6.2 Statements of financial position 6.1 Statement of cash flows

6.3 Departmental records

6.4 Incomplete records