Gr 12 Acc ATP 2023 24

2023/24 ANNUAL TEACHING PLANS: ACCOUNTING: GRADE 12 2023/24 ANNUAL TEACHING PLANS: ACCOUNTING: GRADE 12 (TERM 1) TERM 1 WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 WEEK 7 WEEK 8 WEEK 9 WEEK 10 WEEK 11 CAPS TOPIC COMPANIES: COMPANIES: COMPANIES: ASSESSMENT: UNIQUE TRANSACTIONS FINAL ACCOUNTS, FINANCIAL STATEMENTS ANALYSIS AND INTERPRETATION CONTROLLED TEST (Close corporations: Not assessed) Statement of comprehensive income, statement of financial position, cash flow statement and audit report CORE • Define and explain accounting concepts unique to • Prepare final accounts and detailed financial statements of a company taking into account year-end adjustments • Analysis and interpretation of income • Analysis of CONCEPTS, companies: • Year-end adjustments: statement, balance sheet and notes published financial SKILLS AND Companies – public and private, Companies (Act 71 of Trading stock deficit/surplus, consumable stores on hand, depreciation (on cost and diminishing balance), bad • Revise the following financial indicators: statements and VALUES 2008), Registrar of companies/CIPRO – Registration debts, bad debts recovered (incl. insolvent estate), correction of errors/omissions, accrued income (receivable), Gross profit on sales, gross profit on cost of annual reports certificate, MOI, income tax/provisional income tax, income received in advance (deferred), prepaid expenses, accrued expenses (payable), provision for bad debts, sales, net profit on sales, operating expenses on consisting of: dividends, shares, earnings, shareholders, limited liability, adjustments related to income tax, adjustments related to the payment and declaration of dividends sales, operating profit on sales Directors’ report, separation of ownership from control independent • Final accounts: Current ratio, acid test ratio, stock turnover rate, Directors, auditors, retained income, authorised and issued auditors' report, Trading account, profit and loss account, appropriation account, reversal of certain adjustments, i.e. accruals, stock holding period, average debtors’ collection share capital, JSE abridged income income received in advance and prepaid expenses period, average creditors’ payment period, statement, balance • Define/explain International Financial Reporting Standards • Financial statements and notes: solvency ratio, debt-equity ratio sheet, cash flow (IFRS) and Generally Accepted Accounting Practice (GAAP), • Introduce and cover the following financial Income statement (statement of comprehensive income), balance sheet (statement of financial position), cash flow statement, together Application of IFRS and GAAP indicators: statement with additional • Define/explain of the specific GAAP principles: Historical Return on shareholders’ equity (ROSHE), return • Analysis and indication of the effect of transactions on the accounting equation of a company, all transactions information relating cost, prudence, materiality, business entity rule, going on total capital employed (ROTCE), net asset affecting a company up to financial statements to governance and concern, matching value per share (NAV), dividends per share Integration of reporting and control of fixed assets, ethical considerations, internal auditing and control relating to the company’s • Accounting cycle for a company: Journals, ledger accounts, (DPS), earnings per share (EPS), dividend pay- companies, roles of shareholders and directors, manipulation of share prices, corporate governance, etc. activities trial balance out rate • Transactions include: Issuing of shares at issue price (NO par value and share premium), buying back of shares, loans and interest (note: Interest on mortgage loan is capitalised), income tax, dividends, directors’ fees, audit fees Integrate internal control, corporate governance and ethics with all the topics REQUISITE Background knowledge (basic) on: Basic background aspects unique to public companies as a form of ownership (collaborate with Business studies Revise financial indicators from Gr 10 and 11 PRE- - Companies Act 71 of 2008 teacher) Background knowledge on trading processes and share price KNOWLEDGE - Shares and trading procedures on the JSE Revise Gr 10 and 11 content for year-end adjustment, final accounts and financial statements determination on JSE to be able to compare it to NAV MOI (see memorandum-of-incorporation) Background knowledge on the purpose of cash flow statement Basic knowledge of the content of King Code III (ethical corporate management), roles of SAICA’s and SAIPA’s professional codes of conduct and the consequences of non-compliance RESOURCES Past test/exam papers Templates/work sheets for ledger accounts, final accounts and financial statements Published financial statements (recent, not older than 2 years) (OTHER THAN Past NSC exam questions Past test/exam papers and/or NSC (Gr 12) exam questions on companies at DBE Exams Mind the Gap TEXTBOOK) Gr 12 revision material Mind the Gap Various e-learning resources and platforms TO ENHANCE Mind the Gap Background information on audit processes: www.wikiaccounting.com/audit-procedures-meaning-example-prepare Lessons on companies broadcast on radio stations and TV channels LEARNING Companies Act 71 of 2008 INFORMAL Short tests ASSESSMENT Short tests on the formats of financial statements and consolidation of cash flow statement format and calculations Informal tests on the formulae and calculations of all the indicators Quizzes on company concepts SBA (FORMAL ASSESSMENT) Written report TASK 1: WRITTEN REPORT TASK 2: CONTROL TEST 1 Discuss task and assessment instrument before learners attempt it Prepare for a control test (50 marks) (100 marks, 1½ hour) term 1 content Complete in class Downloaded from hlayiso.com 1

2023/24 ANNUAL TEACHING PLANS: ACCOUNTING: GRADE 12 2023/24 ANNUAL TEACHING PLANS: ACCOUNTING: GRADE 12 (TERM 2) TERM 2 WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 WEEK 7 WEEK 8 WEEK 9 WEEK 10 WEEK 11 CAPS TOPIC INVENTORY VALUATION FIXED ASSETS, INTERNAL CONTROL COST ACCOUNTING RECONCILIATIONS ASSESSMENT: CONTROLLED TEST/JUNE EXAMINATION CORE • Validation, valuation and calculation of Interpretation and reporting on movement of assets: • Definition and explanation of accounting concepts unique to a • Analysis and interpretation of bank, debtors’, Controlled test to be set on work covered in CONCEPTS, inventories of businesses using the perpetual and • Age of assets, replacement rate, lifespan of assets manufacturing business and creditors’ reconciliations: term 2 SKILLS AND periodic inventory systems: • Integrate GAAP principles and ethical issues • Preparation, presentation, analysis, interpretation and reporting on - Reconcile creditors’ statements with VALUES Specific identification (of cost price per unit), first cost information for manufacturing businesses: creditors ledger accounts June examination to be set on work covered in, first out (fifo), weighted average in term 1 & term 2 Application of internal control and internal audit Preparation of a production cost statement with notes for - Reconcile debtors lists and creditors lists Integration of GAAP principles, ethical issues, processes: manufacturing costs, an abridged income statement with notes for with control accounts Two papers on two different days internal audit and control processes relating to administration cost and selling & distribution cost • Analyse and interpret debtors’ age analysis • Means of gathering audit evidence, basis for gathering inventories Calculations of gross profit on finished goods sold, variable and • Analyse and interpret bank statements and audit samples, basic sampling techniques, internal audit reports, accountable management of resources fixed costs, the cost of a product using variable and fixed costs, cost bank reconciliation statements per unit, breakeven point, total cost of production Integration of ethical, internal audit and • Understand the difference between roles of internal and external auditors Integration of ethical issues relating to manufacturing: Product control issues relating to cash, debtors and quality, product age, raw materials, support for local products, price creditors, e.g. payment periods, interest, Integration of internal control and auditing fixing, theft, fraud, etc. credit rating, fraud, etc. Integration of internal audit and control processes relating to manufacturing Integrate internal control and ethics with all the topics REQUISITE Revise Gr 11 content on inventory management Revise Gr 11 content on fixed assets Revise Gr 10 and 11 content, accounts and calculations on Revise Gr 10 and 11 content on PRE- Revise appropriate financial indicators relating to Background knowledge on audit processes for fixed assets manufacturing reconciliations KNOWLEDGE inventories Background information on internal audit (general) at Revise ethical and internal control aspects on Revise Gr 10 and 11 GAAP principles and ethics www.wikiaccounting.com/audit-procedures-meaning- cash, debtors and creditors covered in Gr 10 example-prepare and 11 RESOURCES Past exam questions on inventory valuation, Templates (work sheets) for the correct formats of asset Past test/exam paper questions on manufacturing, ethics, control Past exam questions on reconciliations, ethics (OTHER THAN ethics, control and internal auditing processes for disposal account and fixed asset note and internal auditing and control of cash, debtors and creditors TEXTBOOK) stock (DBE Exams) Past NSC papers at DBE Exams Gr 12 revision material and/or e-learning resources or platforms (DBE Exams) TO ENHANCE Gr 12 Revision material and/or e-learning Gr 12 revision material Mind the Gap Gr 12 revision material LEARNING resources or platforms Mind the Gap Mind the Gap Radio and TV broadcast-lessons Mind the Gap Radio and TV broadcast-lessons INFORMAL Short scenarios and informal tests to consolidate Consolidation of formats of asset disposal account and fixed Short tests on the format of the PCS and cost calculations, e.g. the Short tests on the format of bank ASSESSMENT calculations of final stock values, gross profit, cost assets note breakeven point Short scenarios to illustrate the meaning of reconciliation process, reconciliation of of sales and wastage Short scenarios on internal control and internal audit breakeven point vs actual quantities manufactured creditors and debtors lists to control accounts, processes and ethics reconciliation of creditor’s statement to account in creditors ledger, and age-analysis SBA (FORMAL Discuss task + assessment instrument (rubric/memo) before learners TASK 4: CONTROLLED TEST OR JUNE EXAMINATION ASSESSMENT) TASK 3: RESEARCH PROJECT (100 marks) attempt the task Prepare for controlled test/June examination controlled test 150 marks, 2 hours / June exam 150 x 2 papers Published financial statements AND external audit reports = 300 marks, 2 hours each Complete in class Downloaded from hlayiso.com 2

2023/24 ANNUAL TEACHING PLANS: ACCOUNTING: GRADE 12 2023/24 ANNUAL TEACHING PLANS: ACCOUNTING: GRADE 12 (TERM 3) TERM 3 WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 WEEK 7 WEEK 8 WEEK 9 WEEK 10 WEEK 11 CAPS TOPIC TRIAL EXAMINATION VAT Budgeting Revision (Two papers on two different days) CORE • VAT calculations (grade 11) • Prepare and present a projected income statement (statement of comprehensive income) with PAPER 1 PAPER 2 CONCEPTS, • Calculate the amount payable to or receivable projected revenue and expenditure (Grade 11 content) SKILLS AND from SARS (SA Revenue Services) • Emphasise the differences between a projected income statement and cash budgets 150 marks 150 marks VALUES • Completion of the VAT control ledger account as • Analysis, interpretation and comparison of projected income statements for sole traders or 2 hours 2 hours an additional method to calculate the amount companies Topics: Discipline 1: Topics: Discipline 2: payable or receivable • Projected income statement (statement of comprehensive income) depicting sales, cost of sales, Financial reporting & evaluation Managerial accounting, internal Integration of ethical issues, internal audit and expenses, income, profits (see 2020 exam guidelines) auditing and control (see 2020 control processes exam guidelines) • Analysis, interpretation and comparison of cash budgets for sole traders or companies Provide an answer book with answer Provide an answer book with • Cash budgets indicating receipts, payments, debtors’ collection, creditors’ payment, cash balances sheets for each question/sub- answer sheets for each Integration of ethical issues relating to budgeting and projections question with the correct templates question/sub-question with the Integration of internal audit and control processes relating to budget and projections by comparing for financial statements correct templates budgeted to actual figures Provide Gr 12 formula sheets Provide Gr 12 formula sheets (refer (refer to the 2020 national Integrate internal control and ethics with all the topics to the 2020 national exemplar paper) exemplar paper) REQUISITE Revise Gr 10 and 11 content, ethical and internal Revise Gr 10 content relevant to budgets and projections Revise ALL the topics covered in Gr 12 and PRE- control concepts Understand budgeted vs actual figures to comment on budgets as planning/forecasting tools prior knowledge from Gr 10 and 11 applicable PER PAPER KNOWLEDGE to Gr 12 content RESOURCES Past exam questions on VAT Past exam questions on budgeting, ethics, control and internal auditing (DBE Exams) Gr 12 revision material Cognitive Levels (OTHER THAN Gr 12 revision material Gr 12 Revision material and/or e-learning resources or platforms Past NSC exam papers 30% (45 marks): Basic thinking skills TEXTBOOK) Past NSC exam papers Mind the Gap (DBE Exams) 40% (60 marks): Moderately high thinking skills TO ENHANCE Mind the Gap Radio and TV broadcast-lessons Mind the Gap 30% (45 marks): Higher-order thinking skills LEARNING [10% -15% Problem solving type questions] Levels of difficulty INFORMAL Short tests on calculation of the amount payable Quizzes on the budget calculations 30% Easy ASSESSMENT to/receivable from SARS Short scenarios on the application and use of budgets as a planning/forecasting tool in businesses 40% Moderate 30% Difficult Each question should be scaffolded to include sub-questions from all three cognitive levels and levels of difficulty SBA (FORMAL Discuss task + assessment instrument (rubric/memo) before learners TASK 5: CASE STUDY Prepare for trial exam TASK 6: TRIAL EXAM ASSESSMENT) attempt the task Budgeting or any term 3 topic(s) (150 x 2 papers = 300 marks, 2 hours each), Complete in class (50 marks) ALL TOPICS Downloaded from hlayiso.com 3

2023/24 ANNUAL TEACHING PLANS: ACCOUNTING: GRADE 12 2023/24 ANNUAL TEACHING PLANS: ACCOUNTING: GRADE 12 (TERM 4) TERM 4 WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 WEEK 7 WEEK 8 WEEK 9 WEEK 10 Revision of ALL CAPS topics 2023/4 FINAL NCS EXAM (TWO PAPERS on different days) PLANNING FOR 2024/5 CAPS TOPIC [150 x 2 = 300 marks] Formulae sheets will be provided Downloaded from hlayiso.com 4