Accounting as a subject for Gr 10-12

1. •Accounting is a life skill.
•Whether you eventually decide to become
an Accountant, an Engineer, a Doctor or an
Entrepreneur or anything else, you will
benefit by having a sound Accounting
background.
Accounting Grade 10-12

2. MYTH
Universities teach the matric syllabus in
the first term:
•They cover the Income Statement and
Balance sheet in the first few weeks
(Statement of Financial Results and
Statement of Financial Position)
•What they have not yet covered are the
following:

3. • Partnerships
• VAT
• Budgets
• Reconciliations
• Company analysis
• Cost accounts
• Asset disposals (Realisations)
• Control accounts
• Stock systems and valuations
• etc.

4. Statistics
• In actual fact, they spend the rest of the year
covering the Grade 12 Accounting syllabus
(Obviously in more detail and depth than what we
have covered at school level – Leaving those
who did Accounting at school at a distinct
advantage)
• 50% of the students who have not done
Accounting at school fail their 1st
year.
• Students who have covered Accounting at school
are under less stress and can focus on other
subjects and achieve better results overall.
• They move into their second year with more
confidence and far better results and this will
ultimately be to their advantage when pursuing
further goals in Accounting (Normally Chartered
Accounting)

5. MATHS LITERACY RULING
• As from 2017, all pupils taking Accounting will
have to have Mathematics as a Grade 12
subject and may not offer Maths Literacy.
• We have researched the current statistics
and the current Grade 12 Maths Literacy
pupils were getting a Promotion Mark of 60%
or less in Grade 9.
• This historical data therefore suggests that
pupils who are achieving less than 60% for
Mathematics in Grade 9 would be strongly
advised not to do Accounting to Grade 12.

6. Grade 10 – 12 Accounting
• Finally:
• If you would like to do Accounting as a
subject to Grade 12, it is imperative that
you start with Accounting at the beginning
of Grade 10.
• Due to the “building-blocks” nature of the
subject, you will not be allowed to start
Accounting at a later date.

7. Grade 10 – 12 Accounting
• Finally:
• If you would like to do Accounting as a
subject to Grade 12, it is imperative that
you start with Accounting at the beginning
of Grade 10.
• Due to the “building-blocks” nature of the
subject, you will not be allowed to start
Accounting at a later date.