accountancy

Teacher In Charge: Mrs S. Smith

Accounting is an exciting subject that will prepare you for the business world. Whether you are planning to become an Accountant/Bookkeeper, to start your own business or to join someone else in business, a knowledge of Accounting can help you to protect your assets and prevent theft.

In Grade 10, we learn more about debtors and creditors and complete lots of General Ledgers. The next step involves a Trial Balance with some new adjustments (transactions), then an Income Statement (to calculate net profit) and a Balance Sheet. Ratio Analysis helps us to check the performance of a business and offer advice to business owners.

The course also covers Budgeting (looking into the money future), Manufacturing (making things), Salaries and Wages and Value Added Tax (VAT).

In Grade 9 EMS, we have studied sections of Business Studies and Accounting. The Accounting sections involve the money flows and simple calculations, General Ledger and other topics listed above.

You will need a calculator every lesson for adding and subtracting or calculating percentages and ratios.

Accounting is not a learning subject, it is a doing subject. Accounting requires practice and perseverance, just like learning to ride a motorbike, a bicycle or a surfboard. We hope you’re going to join us in Accounting, where we play with other people’s money.