'Accounting focuses on measuring performance, and processing and communicating financial information about economic This discipline ensures that principles such as ethical behavior, transparency, and accountability are adhered to'

'The subject encompasses accounting knowledge, skills, and values that focus on the financial accounting managerial accounting and auditing fields.'

A broad spectrum of accounting concepts, skills, and topics are covered in the Accounting curriculum. Accounting topics covered include accounting concepts, GAAP principles, bookkeeping, accounting equation, final accounts, financial statements, salaries, wages, VAT, reconciliations, coast accounting, budgeting, indigenous bookkeeping systems, fixed assets, inventory, ethics, and internal control.

In addition to preparing learners for accounting and auditing fields, learners will be able to:

  • 'record, analyse and interpret financial and other relevant data in order to make informed decisions

  • present and/or communicate financial information effectively by using generally accepted accounting practice in line with current developments and legislation

  • develop and demonstrate an understanding of fundamental accounting concepts

  • relate skills, knowledge, and values to real-world situations in order to ensure the balance between theory and practice, to enter the world of work and/or to move to higher education, and to encourage self-development

  • organise and manage own finances and activities responsibly and effectively

  • apply principles to solve problems in a judicious and systematic manner in familiar and unfamiliar situations thus developing the ability to identify and solve problems in the context of the various fields of Accounting

  • develop critical, logical, and analytical abilities and thought processes to enable learners to apply skills to current and new situations

  • develop ethical behaviour, sound judgment, thoroughness, orderliness, accuracy, neatness

  • deal confidently with the demands of an accounting occupation manually and/or electronically' - South African Department of Education CAPS

To learn more about the subject of Accounting, visit the South African Department of Education website.

Department of Education