ACCOUNTING BEYOND 2006

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FET National Curriculum Statements (Schools)

• ACCOUNTING BEYOND 2006

Information Session
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OUTCOMES FOR THE SESSION

• Educators will be able to
• demonstrate an understanding of the impact that
  the principles of the NCS will have on the
  teaching, learning and assessment of the new
  subjects.
• demonstrate an understanding of the generic
  design features of the NCS.
• demonstrate an understanding of the alignment
  between GET and FET
• demonstrate an understanding of the link between
  GET learning areas and FET NCS subjects

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OUTCOMES FOR THE SESSION

• Educators will be able to
• demonstrate an understanding of the design
  features of the subjects
• identify learning needs for teachers in terms of
  new content/skills and ICT
• identify possible teaching and learning support
  material (software)

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KEY PRINCIPLES UNDERPINNING THE NCS

• Social transformation
• Outcomes-based education
• High knowledge and high skills
• Integration and applied competence
• Progression
• Articulation and portability
• Human rights, inclusivity, environmental
  andsocial justice
• Valuing indigenous knowledge systems
• Credibility, quality and efficiency

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DESIGN FEATURES OF THE NCS
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ALIGNMENT BETWEEN GET AND FET
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LEARNING FIELDS

• Languages (Fundamental)
• Arts and Culture
• Business, Commerce, Management and Service
  Studies
• Human and Social Studies and Languages
• Manufacturing, Engineering and Technology
• Physical, Mathematical, Computer, Life and
  Agricultural Sciences

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WHICH LEARNING FIELD?
BUSINESS, COMMERCE, MANAGEMENT AND SERVICES
STUDIES

• Hospitality Studies
• Consumer Studies
• Tourism

What is the purpose of the Learning Fields?
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Rules of Combination
Fundamental 70 credits
Core40 credits
Elective20 credits

• Home Language (20)
• Home Language/ 1st Additional Language (20)
• Mathematics/ Mathematical Literacy (20)
• Life Orientation (10)

• Two subjects from the same field
• (2 x 20)

One subject from the same or any other field (1 x
20)
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Time allocation
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LINKS WITH GET

• Economic and Management Sciences (Revised
  National Curriculum Statements)

LO3 Managerial, Consumer and Financial knowledge
and skills
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LINKS WITH GET

• Grade 9
• Budgets
• Cash and credit transactionsof service and
  retail businesses
• Journals(CRJ, CPJ, DJ, CJ)
• General Ledger
• Subsidiary Ledgers
• Trial balance
• Basic income statement andBalance Sheet
• Analysis of financial statements

• Grade 8
• Financial concepts
• Completes Source Documents
• Statements of receipts and payments
• Statement of net worth

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KEY FEATURES OF ACCOUNTING

• Definition
• Purpose
• Scope
• Educational and Career Links
• Learning Outcomes and Assessment standards

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DEFINITION

• Accounting focuses on
• processing and communicating financial
  information ethically.
• the systematic and accurate selection and
  recording of financial information
• the compilation, analysis and interpretation of
  financial statements and managerial reports

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PURPOSE

• Learners will be able to
• develop knowledge, skills, values, attitudes and
  ability to make meaningful and informed
  personal and collaborative
• financial decisions.
• develop skills to integrate theory and practice.
• relate SKAV to real world situations to enter the
  world of work or move to higher education.
• organise and manage their own finances and
  activities responsibly.
• deal confidently with an accounting occupation
  manually and/or electronically.

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SCOPE

• This subject encompasses accounting
  knowledge, skills and values focusing on
  financial, managerial and auditing fields. It
  embraces the following features

ManagerialAccounting
Financial Accounting
Tools in managingresources
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EDUCATIONAL AND CAREER LINKS
GET especially EMS
FET ACCOUNTING

• Enter worldof business/work

Enter differentcareer pathways

• FurtherBCM Studies

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LEARNING OUTCOMES

• LO1 - Financial InformationAbility to
  demonstrate knowledge, understanding and
  application of financial information according to
  GAAP.
• LO2 - Managerial AccountingAbility to
  demonstrate knowledge, understanding and
  application of managerial accounting.
• LO3 - Managing ResourcesAbility to demonstrate
  knowledge and understanding of the use of
  different financial and managerial control tools
  and strategies to manage resources responsibly.

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SO WHATS NEW?

• KNOWLEDGE (CONTENT/SKILLS)
• Activity Make use of Chapter 3 of the
  Accounting NCS Grades 10-12 document and in
  Groups (One Outcome per group)
• Identify new content/skills per Learning Outcome
  for Grades 10, 11 and 12
• Report back per group (feedback giver)

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SO WHATS NEW???

• SOME CONTENT
• Manufacturing enterprises
• VAT
• Costing principles
• Production cost statement
• Internal control processes
• Aspects of auditing
• Code of ethics
• Electronic Accounting

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GRADE 10

• Report 550
• Accounting concepts - sole trader
• Extended cash transactions (sole trader)
• Effects of transactions on accounting equation
• Final accounts and financial statements including
  some year-end adjustments of sole trader
• Analysis and interpretation of financial
  statements (HG)

• NCS
• Accounting concepts - sole trader
• Transactions of Sole trader
• Effects of transactions on accounting equation
• Final accounts and financial statements including
  year-end adjustments of sole trader
• Concepts of VAT
• Managerial accounting
• Manufacturing environment (basic concepts)

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GRADE 10

• NCS
• Budgets (concepts)
• Indigenous bookkeepingsystems
• Wages and salaries
• Perpetual inventory system
• Principles of code of ethics
• Internal control processes

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GRADE 11

• Report 550
• Accounting concepts - partnerships
• Wages and salaries
• Disposal of fixed assets
• Periodic inventory
• Control accounts
• Effects of transactions on accounting equation
• Bank Reconciliation

• NCS
• Accounting concepts - partnerships and non-profit
  organisations
• Transactions of
• -partnerships
• -non-profit organisations (Clubs)
• Effects of partnership and NPO (clubs)
  transactions on accounting equation
• Bank, debtors and creditors reconciliation

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GRADE 11

• NCS
• Preparing final accounts and financial statements
  of partnerships and non-profit organisations,
  including adjustments
• VAT calculations
• Costing principles in manufacturing environment

• Report 550
• Financial statements of
• -Sole trader
• -Partnerships
• Analysis and interpretation (HG Only)

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GRADE 11

• NCS
• Cash budgets for sole trader or manufacturer
• Fixed assets (acquisition and disposal) and
  depreciation
• Periodic inventory system
• Control tools to identify ethical behaviour
• Internal auditing processes

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GRADE 12

• Report 550
• Accounting concepts - Clubs, Companies, Close
  Corporations
• Recording of transactions in journals - Clubs,
  companies, close corporations
• Final accounts and financial statements of
• -Clubs
• -Companies
• -Close corporations (including adjustments

• NCS
• Accounting concepts - manufacturing enterprises,
  close corporations and companies.
• Recording of transactions in journals - close
  corporations and companies
• Effects of close corporations and companies
  transactions on accounting equation

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GRADE 12

• NCS
• Analysis of bank, debtors, creditors
  reconciliation
• Final accounts and financial statements of close
  corporations and companies including adjustments
• Analysis of companys published financial
  statements and audit report (project)

• Report 550
• Budgets
• Analysis and interpretation (HG)
• Grade 11 syllabus

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GRADE 12

• NCS
• VAT - concepts and accounts
• Production cost statement
• Interpret and report on movement of assets
• Inventories in manufacturing enterprises
• Code of ethics
• Internal control and audit processes

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SO WHATS NEW???

• TEACHING APPROACHES
• Outcomes-based
• Learner centred
• Place emphasis on critical thinking and problem
  solving
• Assessment informs teaching and learning
• Teachers are reflective practitioners
• Skills, knowledge, values and attitudes (SKVA)

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KEY PRINCIPLES UNDERPINNING THE NCS
Activity In pairs share ideas on how, where and
when the listed principles below will have an
impact on the teaching/learning and assessment
of ACCOUNTING.

• List of principles
• Social transformation
• outcomes-based education
• high knowledge and high skills
• integration and applied competence
• progression
• articulation and portability
• human rights, inclusivity, environmental and
  social justice
• valuing indigenous knowledge systems
• credibility, quality and efficiency

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TEACHING LEARNING SUPPORT MATERIAL

• Text books
• Existing
• Accounting A Logical Approach, Archer et al
• Nasou (2003)
• Study Master Accounting, Conradie et al (2003)
• New Era Accounting, Aboobaker et al (2001)
• Focus on Accounting, Maskew Miller
• New Accounting in Action, Maskew Miller

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TEACHING LEARNING SUPPORT MATERIAL

• SOFTWARE
• Existing
• Pastel and Pastel School Version
• Quickbooks Pro
• Lledgerz
• Accpac
• Accounting Solutions
• Brilliant Accounting

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REFERENCE BOOKS

• Accounting an introduction by Jacqui Kew,
  Mettler, Walker and Watson Oxford University
  press (2003)
• Introduction to Financial Accounting by A
  Dempsey HN Peters, Butterworth (2003)

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EQUIPMENT

• Existing
• Overhead projector
• Chalkboard/ Whiteboard
• Accounting writing books

• New
• Overhead projector
• Chalkboard/ Whiteboard
• Accounting writing books
• Access to computer facilities
• Accounting software

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TRAINING NEEDS???

• Formal University/Technikon qualification
• Degree/Diploma
• ACE
• Short courses
• Informal
• WCED training
• WEB modules (Mindset)

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WITH ACCOUNTING AS SUBJECT...

• the world is your oyster

THANK YOU!!!!