Accounting
A study of Accounting at school level focuses on measuring performance, and processing and communicating financial information about economic sectors. This discipline ensures that principles such as ethical behaviour, transparency and accountability are adhered to. It 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 for use by interested parties.
The subject encompasses accounting knowledge, skills and values that focus on the 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.*
Whilst Accounting is not a prerequisite for studying a B Com at university, the skills, knowledge and values acquired whilst studying the subject at high school put these learners in a unique position of approaching any business-related degree with confidence, as opposed to those who do not do Accounting at school at all.
The topics covered in Grades 10 – 12 are:
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Grade 10
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Grade 11
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Grade 12
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Value Added Tax and related concepts
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VAT calculations
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VAT return
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Additional cash transactions, returns and allowances, salaries and wages
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Calculation and recording of depreciation and asset disposal
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The Public Company as a form of ownership
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Recording transactions for Sole trader, including salaries and wages and informal bookkeeping
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Recording transactions for a partnership
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Debtors, Creditors and Bank Reconciliations
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Financial statements of Sole traders and basic analysis of financial results.
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Financial Statements of a Partnership and more in depth analysis of financial results
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Financial Statements of a Public Company; Cash Flow Statements and the analysis of published financial statements
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Control systems and an introduction to business ethics
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Clubs and other non-profit organisations
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Introduction to auditing
Business Ethics
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Introduction to Costing and budgeting.
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Periodic inventory system
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Tangible assets
Inventory valuation
FIFO and weighted averages
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Board Game: Cashflow 101(Robert Kiyosaki)
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Preparing a Cash Budget
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The analysis of a Cash Budget
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Preparing the ledger accounts of a Manufacturing concern
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Preparation of a Production cost statement
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*Curriculum and Assessment Policy Statement, 2011, Department of Basic Education, Pretoria
To access the Accounting portal page, please click here. Please note that in so doing you will be leaving the official Dainfern College website.
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High School 
High School Newsletter - 14 May 2012
