The aim of the course is to equip student-teachers with content, knowledge and skills that will enable them to handle Accounting with proficiency at secondary level, the course is designed for all students who have registered for commercial subjects in the department and content covered includes FINANCIAL REPORTING: types of business entities, users of, and purpose of financial statements and accounting concepts and their characteristics. DOUBLE ENTRY SYSTEM: duality concept, Bookkeeping principles, maintenance of accounting records and books of prime entry. RECORDING OF BASIC TRANSACTIONS: double entry and recording of transactions, balancing or closing off of accounts. THE LEDGER: interpretation of account balances, types and classification of the ledger. TRIAL BALANCE: types of errors in the ledger and their correction, and suspense account. DEPRECIATION: capital and revenue expenditure, accounts of non-current assets, depreciation and its methods, recording and disposal of non-current assets. ACCRUALS AND PREPAYMENTS: matching concept, identification, calculation and recording of accruals and prepayments in the ledger and income statements. CONTROL ACCOUNTS: receivables and payables control accounts, reconciliation of control accounts and correction of errors. INCOME STATEMENTS: Basic income statements of a sole trader with adjustments.
- Teacher: Ntemana Sefali
- Teacher: Mabaene Selebalo