accounting Resources
Description
Accounting focuses on the processing and communicating of financial information. It ensures that ethical behaviour, transparency and accountability are adhered to. It deals with the logical, systematic and accurate selection and recording of financial information as well as the compilation, analysis and interpretation of financial statements and reports.
Why is accounting an important subject?
Accounting develops learners’ knowledge, skills, values, attitudes and ability to make meaningful and informed personal and collaborative financial decisions in economic and social environments. It enables learners to deal with the basic demands of an accounting occupation manually and/or electronically. Learners develop characteristics like ethical behaviour, sound judgement, thoroughness, orderliness, accuracy and neatness.
What is the subject about?
This subject encompasses accounting knowledge, skills and values focusing on the financial, managerial and auditing fields. The scope of the subject embraces the following features:
§ Financial accounting
The logical, systematic and accurate recording of financial transactions as well as the analysis, interpretation and communication of financial statements.
§ Managerial accounting
Concepts such as costing and budgeting. Emphasis is placed on interpretation and communication of financial and managerial information for decision-making.
§ Tools in managing resources
Basic internal controls and internal audit processes, and code of ethics. Emphasis is placed on the knowledge, understanding and adherence to ethics in financial and managerial activities.
How will this subject help a learner to get into the world of work or further studies?
Accounting provides a basis for further studies at tertiary institutions. It enables learners to develop skills, knowledge, values and attitudes to pursue different career pathways.
Accounting in Grades 10-12 will provide learners with knowledge, skills, values and attitudes that will enable them to pursue different careers.
