Accounting
CAPS-aligned Accounting practice for Grade 11 — 4 terms, 16 topics, with instant feedback, streaks and a leaderboard.
Term 1
Bank and Creditors Reconciliations
Cover bank reconciliation, outstanding deposits, unpresented cheques, cashbook errors, creditors reconciliation, and internal controls.
Fixed Assets and Depreciation
Cover fixed-asset register, straight-line and diminishing-balance depreciation, asset disposal, and internal controls over fixed assets.
Partnership Concepts and Adjustments
Cover partnership nature, partnership agreement, interest on capital and drawings, salary allowances, and year-end adjustments.
Partner Accounts and Final Statements
Cover appropriation account, partner capital accounts, partner current accounts, and preparation of final accounts.
Term 2
Partnership Financial Statements
Cover preparing the statement of comprehensive income and statement of financial position for a partnership from trial balance information.
Partnership Notes and Disclosures
Cover notes to partnership financial statements including the appropriation account note and partner capital and current account disclosures.
Partnership Ratio Analysis
Cover profitability, liquidity, solvency, return on equity, and partner-specific return on investment calculations.
Interpreting Partnership Performance
Cover interpreting ratio results, linking indicators to financial position, comparing ratios across periods, and making recommendations.
Term 3
Cash Budgets
Cover cash budget format, cash receipts, cash payments, debtors collection schedules, creditors payment schedules, and shortfall analysis.
Projected Financial Statements
Cover projected statement of comprehensive income, budget assumptions, variance identification, and the effect of changing assumptions.
Inventory Systems and Stock Valuation
Cover periodic and perpetual inventory systems, FIFO and weighted average cost valuation methods, and their effect on profit.
Manufacturing Costs and Break-Even
Cover direct materials, direct labour, factory overheads, unit cost calculations, break-even point, and production cost statements.
Term 4
VAT Calculations and Recording
Cover the purpose of VAT, input and output VAT, the VAT control account, calculating VAT-inclusive and VAT-exclusive amounts, and recording VAT.
VAT Ethics and Compliance
Cover VAT vendor obligations, SARS compliance requirements, consequences of non-compliance, unethical practices, and internal controls over VAT.
Reconciliations and Partnerships Revision
Revise bank reconciliation, creditors reconciliation, partnership adjustments, partner accounts, and partnership financial statements from Terms 1 and 2.
Budgeting, Manufacturing and VAT Revision
Revise cash budgets, projected income statements, manufacturing costs, inventory valuation, break-even analysis, and VAT from Terms 3 and 4.
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