Accounting is an elective subject. As a subject, it develops learner’s knowledge, skills, values, attitudes and abilities in order to make a meaningful and informed personal and collaborative financial decisions in economic and social environments.
By engaging in Accounting, learners will be able to:
Collect, select, record and/or capture, as well as analyse and interpret financial and other relevant data in order to make informed decisions
Develop general and specific skills in Accounting to integrate theory and practice and which could be used for compliance with generally accepted Accounting practice
Present and/or communicate financial information effectively by using generally accepted accounting practice, developments and legislation
Develop and demonstrate an understanding of fundamental Accounting concepts
Acquire skills, knowledge, attitude and values that can contribute directly or indirectly to the improvement of the standard of living, human development and productivity and create opportunities for all
Relate skills, knowledge and values to real-world situations in order to ensure the balance between theory and practice, to enter the world of work/or move to higher education, and to encourage self-development
Organise and manage own finances and activities responsibly and effectively
Apply principles to solve problems in a judicious and systematic manner in familiar and unfamiliar situations, thus developing the ability to identify and solve problems
Develop critical, logical and analytical abilities and thought processes to enable them to apply these skills to current and new situations
Deal confidently with the basic demands of an Accounting occupation manually and /or electronically
Learning Outcome 1: Financial Accounting
Financial accounting includes the logical, systematic and accurate recording of financial transactions as well as the analysis, interpretation and communication of financial statements by understanding the fundamental concepts regarding basic accounting principles and practice
Learning Outcome 2: Managerial Accounting
Managerial Accounting includes concepts such as costing and budgeting. It puts emphasis on the analysis, interpretation and communication of financial and magerial information for decision making purposes
Learning Outcome 3: Tools in managing resources
Tools in managing resources include basic internal controls and internal audit processes and code of ethics. These features put emphasis on the knowledge, understanding and adherence to ethics in pursuit of human dignity, acknowledging human rights, values and equity, in financial and managerial activities.
All commercial degrees require the successful completion of Accounting first year course. The school accounting syllabus equips students with the skills to cope with the demands of this first year course and to succeed at second and third year level.