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Grade 11 Account Term 3 Project 2022 | Grade 11 Term 3 Accounting topics
Get the full document about Grade 11 accounting project memo – Grade 11 accounting project memo 2022, What is the purpose for Accounting Grade 11?
What are 3 purposes of accounting?
All companies use accounting to report, track, execute and predict financial transactions. The main functions of accounting are to store and analyze financial information and oversee monetary transactions. Accounting is used to prepare financial statements for a company’s employees, leaders, and investors.
What is the purpose for Accounting Grade 11?
Main purpose of grade 11
Accounting focuses on measuring financial performance and communicating financial information. Key principals are ethical behaviour, transparency and accountability. Learners will be able to record, analyse, present and interpret financial data to make informed financial decisions.
The reasons for learning Accounting Grade 11 in South Africa are the following:
- 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 the following characteristics:
- Ethical behaviour
- sound judgement
- thoroughness
- orderliness
- accuracy
- neatness
Grade 11 accounting project memo – Topics in the Accounting CAPS curriculum.
The following are the topics covered in Accounting Grade 11 which will guide you before exploring Past Papers and Memos for 2022
- Accounting concepts
- GAAP principles
- Bookkeeping
- Accounting equation
- Final accounts and financial statements
- Salaries and wages
- Value-Added Tax
- Reconciliations
- Cost accounting
- Budgeting
- Indigenous bookkeeping systems
- Fixed assets
- Inventory
- Ethics
- Internal control
