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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?
What is the purpose for Accounting Grade 11?
Main purpose of grade 11
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
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
- Accounting equation
- Final accounts and financial statements
- Salaries and wages
- Value-Added Tax
- Cost accounting
- Indigenous bookkeeping systems
- Fixed assets
- Internal control