Grade 12 Accounting

Throughout the course of the academic year, a variety of topics are covered in the Grade 12 Accounting app. Remember that depending on the requirements of the curriculum and the exam, the precise content and emphasis may change slightly. The following is an overview of the subjects that are frequently tested in the National Senior Certificate (NSC) Accounting program:

Term 1:

Introduction to Accounting

Accounting Concepts

The Accounting Equation

Double-Entry System

Source Documents

Term 2:

6. Journals and Ledgers

Trial Balance

Financial Statements: Income Statement, Balance Sheet, Cash Flow Statement

Bank Reconciliation

Term 3:

10. VAT (Value Added Tax)

Adjustments: Accruals, Prepayments, Depreciation

Partnerships: Formation, Changes, Dissolution

Company Financial Statements

Term 4:

14. Cash Budgets

Interpretation and Analysis of Financial Statements

Ratio Analysis

Internal Control and Audit

Corporate Governance

Ethics in Accounting

Disclaimer: This app is not affiliated with or endorsed by any government entity. It uses educational materials, including NSC exam papers

Source: https://www.education.gov.za/