Accounting Grade 12 Topics For term 1, 2, 3 and 4 In Grade 12 Accounting, the topics covered in each term are crucial for students to grasp.
Term 1 typically includes concepts such as financial statements, partnerships, and company financial statements.
Term 2 focuses on cash flow statements, budgeting, and analysis and interpretation of financial statements.
In Term 3, students delve into manufacturing, non-profit organisations, and controlled environments.
Finally, Term 4 encompasses annual reporting, published financial statements, and exam preparation. These topics provide a comprehensive understanding of accounting principles, preparing students for further studies or entry into the workforce.
Term 1 Topics to cover
Financial accounting of companies: Accounting concepts and unique ledger accounts
- Accounting concepts and unique ledger accounts
- GAAP principles
- Bookkeeping of companies
Term 2 Topics to cover
- Ethics Fixed Assets
- Close Corporations Internal Control
- Inventory System
- Reconciliations
- Value Added Tax
- Term 2 Revision
Term 3 Topics to cover
- Cost Accounting
- Budgeting
- Term 3 Revision
Term 4 Topics to cover
- Annual reporting and published financial statements
- Exams