Accounting
CAPS-aligned Accounting practice for Grade 12: 4 terms, 14 topics, with instant feedback, streaks and a leaderboard.
Term 1
Company Share Capital
Ordinary shares, share issues, buy-backs, dividends, and the roles of shareholders, directors and auditors.
Company Financial Statements
Preparing the statement of comprehensive income, statement of financial position, notes and year-end adjustments for companies.
Cash Flow Statements
Operating, investing and financing activities, non-cash adjustments and interpretation of company cash movements.
Analysis, Interpretation and Ethics
Financial indicators, audit reports, governance and ethical interpretation of company performance.
Term 2
Inventory Valuation and Control
Inventory systems, FIFO and weighted average, lower of cost and NRV, and internal control over stock.
Fixed Assets: Analysis and Control
Depreciation, carrying values, disposals, asset management interpretation, and controls over fixed assets.
Manufacturing Cost Statements
Prime cost, factory overheads, work-in-process, cost of production and unit-cost analysis.
Bank and Creditors Reconciliations
Bank reconciliation, cashbook updates, creditors reconciliation and internal control procedures.
Term 3
VAT Concepts and Control
Output and input VAT, VAT calculations, VAT control and ethical compliance with SARS rules.
Budgeting and Projected Income
Projected income statements, budgeting assumptions, gross profit planning and cash-flow awareness.
Trial Examination Revision
Integrated revision across companies, interpretation, manufacturing, reconciliations, VAT and budgeting.
Term 4
Paper 1 Revision
Final revision of company reporting, cash flow, indicators, governance and ethics for the NSC exam.
Paper 2 Revision
Final revision of inventory, assets, manufacturing, reconciliations, VAT and budgeting for the NSC exam.
Exam Readiness Strategies
Final CAPS consolidation, exam technique, interpretation habits and ethics-linked judgement.
Ready to start practising Accounting?