Accounting

AIMS OF SUBJECT:

• To contribute to a balanced and appropriate general education, leading to the personal and social development of each student, together with a fostering of the concept of accountability.
• To create an awareness of the business environment dimension in our lives and to provide each student with knowledge, understanding and skills leading to personal competence and responsible participation in this changing and challenging environment.
• To provide an area of study that will encourage initiative and develop in each student self-reliance, mental organisation, clear and logical thinking, mental agility, critical skills, planning habits, methods of investigation and processes whereby accuracy can be ensured.

RATIONALE FOR SUBJECT:

• It develops problem-solving and computational skills and an awareness and recognition of the consequences of error.
• It develops skills in the use of figures in business communications, in analysis and in decision-making.
• It cultivates mental discipline, develops the powers of concentration and fosters critical thinking, logical organisation and orderly presentation

SUBJECT TOPICS/ SYLLABUS CONTENT:

Depreciation
Revaluation
Control Accounts
Final Accounts
Suspense Accounts
Published Accounts
Club Accounts
Service Firm
Club Accounts
Farm Accounts
Incomplete Records
Cash Flow Statements
Ratios
Tab Statements
Management Accounting

ASSESSMENT:

A brief breakdown of the assessment criteria for the LC exam (project %, final exam % etc.)
Also please add the possible levels available - foundation, ordinary, higher, common etc.

One final exam – 3 hours

POSSIBLE CAREER OPTIONS:

Accountant
Stockbroker
Self Employment
Consultancy
Actuary