KWAZULU NATAL DEPARTMENT OF EDUCATION
FURTHER EDUCATION AND TRAINING
TEACHERS GUIDE
2024 MARCH COMMON TEST (SCOPE)
GRADE 12
SUBJECT ACCOUNTING
PAPER ONE PAPER
DURATION OF THE PAPER 1½ HOURS
TOTAL MARKS 100
MAXIMUM NUMBER OF QUESTIONS 6
COGNITIVE SKILLS: All questions will comprise the following:
Basic thinking skills 30%; Moderate thinking skills 40%; Higher order thinking skills 30%
EXPECTED WORK COVERAGE/TOPICS DATE
COMPLETED
1. BOOKKEEPING OF COMPANIES: 26/01/2024
1.1 Journal; Ledger accounts; Trial Balance
1.2 Transactions should include:
1.2.1 Issuing of shares at issue price.
1.2.2 Buyback of shares.
1.2.3 Loans and interest.
1.2.4 Income tax; Dividends; Directors fees; Audit fees
2. FINANCIAL ACCOUNTING OF COMPANIES
2.1 Concepts
2.2 Year-end adjustments
2.3 Preparation of final accounts 09/02/2024
2.4 Financial Statements and notes:
2.4.1 Income Statement (Statement of Comprehensive Income)
2.4.2 Balance Sheet (Statement of Financial Position)
2.4.3 Cash Flow Statement
2.5 Analysis and effect on the Accounting Equation. 23/02/2024
2.6 Analysis and interpretation of Income Statement (Statement of
Comprehensive Income), Balance Sheet (Statement of Financial
Position) and Notes.
08/03/2024
2.7 Integration of internal control, corporate governance and ethics with
all topics.
KZN Accounting Grade 10 – 12 2024 Common Test Scope
KWAZULU NATAL DEPARTMENT OF EDUCATION
FURTHER EDUCATION AND TRAINING
TEACHERS GUIDE
2024 JUNE COMMON TEST (SCOPE)
GRADE 12
SUBJECT ACCOUNTING
PAPER 1
DURATION OF THE PAPER 2 HOURS
TOTAL MARKS 150
MAXIMUM NUMBER OF QUESTIONS 6
COGNITIVE SKILLS: All questions will comprise the following
Basic thinking skills 30%; Moderate thinking skills 40%; Higher order thinking skills 30%
EXPECTED WORK COVERAGE/TOPICS DATE
COMPLETED
1. BOOKKEEPING OF COMPANIES: 26/01/2024
1.1 Journal; Ledger accounts; Trial Balance
1.2 Transactions should include:
1.2.1 Issuing of shares at issue price.
1.2.2 Buying back of shares.
1.2.3 Loans and interest.
1.2.4 Income tax; Dividends; Directors fees; Audit fees
2. FINANCIAL ACCOUNTING OF COMPANIES
2.1 Concepts
2.2 Year-end adjustments
2.3 Preparation of final accounts 09/02/2024
2.4 Financial Statements and notes:
2.4.1 Income Statement (Statement of Comprehensive Income)
2.4.2 Balance Sheet (Statement of Financial Position)
2.4.3 Cash Flow Statement
2.5 Analysis and effect on the Accounting Equation. 23/02/2024
2.6 Analysis and interpretation of Income Statement (Statement of
Comprehensive Income), Balance Sheet (Statement of Financial
Position) and Notes.
2.7 Integration of internal control, corporate governance, and ethics with
all topics. 08/03/2024
2.8 Analysis of a company’s published financial statements and annual
reports comprising Independent Auditors’ Report, together with
additional information relating to governance and the company’s 20/03/2024
activities.
3. TANGIBLE / FIXED ASSETS 19/04/2024
KZN Accounting Grade 10 – 12 2024 Common Test Scope
KWAZULU NATAL DEPARTMENT OF EDUCATION
FURTHER EDUCATION AND TRAINING
TEACHERS GUIDE
2024 JUNE COMMON TEST (SCOPE)
GRADE 12
SUBJECT ACCOUNTING
PAPER 2
DURATION OF THE PAPER 2 HOURS
TOTAL MARKS 150
MAXIMUM NUMBER OF QUESTIONS 6
COGNITIVE SKILLS All questions will comprise the following
• Basic thinking skills 30%
• Moderate thinking skills 40%
• Higher order thinking skills 30%
EXPECTED WORK COVERAGE DATE
COMPLETED
1. INVENTORY SYSTEMS 12 /04/2024
1.1 Validation, valuation, and calculation of inventories of businesses
using the perpetual and periodic inventory systems:
1.1.1 Specific identification (of cost price per unit).
1.1.2 First in, first out (FIFO).
1.1.3 Weighted average.
1.2 Integration of:
1.2.1 GAAP principles relating to inventories.
1.2.2 Integration of ethical issues relating to inventories.
1.2.3 Integration of internal audit and control processes relating to
inventories.
2 TANGIBLE / FIXED ASSETS 26/04/2024
2.1 Interpret and Report on Movements of Tangible / Fixed Assets
2.1.1 Age of assets.
2.1.2 Replacement rate.
2.1.3 Life span of assets
2.2 Integration of:
2.2.1 GAAP Principles
2.2.2 Ethical issues relating to fixed assets
2.2.3 Internal audit & Control processes
KZN Accounting Grade 10 – 12 2024 Common Test Scope
EXPECTED WORK COVERAGE DATE
COMPLETED
3 COST ACCOUNTING 17/05/2024
3.1 Definition and explanation of accounting concepts unique to a
manufacturing business.
3.2 Preparation, presentation, analysis, interpretation and reporting on cost
information for manufacturing enterprises:
3.2.1 Preparation of a production cost statement with notes for
manufacturing costs.
3.2.2 Preparation of a short-form Income Statement with notes for
administration cost and selling &distribution cost.
3.2.3 Calculation of gross profit on finished goods sold.
3.2.4 Calculation of variable and fixed costs.
3.2.5 Calculation of the cost of a product using variable and fixed costs.
3.2.6 Calculation of cost per unit.
3.2.7 Calculation of contribution per unit.
3.2.8 Calculation of breakeven point.
3.2.9 Calculation of total cost of production.
3.2.10 Integration of Ethical issues relating to manufacturing: product
quality, product age, raw materials, support for local products,
price fixing, theft, fraud, etc. Internal audit and control processes
relating to manufacturing.
4 RECONCILIATIONS 31/05/2024
4.1 Analysis and interpretation of bank, debtors’ and creditors’
reconciliations:
4.1.1 Reconcile creditors’ statements with their personal accounts.
4.1.2 Reconcile debtors’ lists and creditors’ lists with control accounts.
4.1.3 Analyse and interpret debtors’ age analysis.
4.1.4 Analyse and interpret bank statements and bank reconciliation
statements.
4.2 Integration of:
4.2.1 Ethical issues relating to cash, debtors and creditors: payment
periods, interest, credit ratings, fraud, etc.
4.2.2 Audit and internal control issues relating to cash, debtors and
creditors.
KZN Accounting Grade 10 – 12 2024 Common Test Scope
KWAZULU NATAL DEPARTMENT OF EDUCATION
FURTHER EDUCATION AND TRAINING
TEACHERS GUIDE
2024 SEPTEMBER COMMON TEST (SCOPE)
GRADE 12
SUBJECT ACCOUNTING
PAPER 1
DURATION OF THE PAPER 2 HOURS
TOTAL MARKS 150
MAXIMUM NUMBER OF QUESTIONS 6
COGNITIVE SKILLS: All questions will comprise the following
Basic thinking skills 30%; Moderate thinking skills 40%; Higher order thinking skills 30%
EXPECTED WORK COVERAGE/TOPICS DATE
COMPLETED
1. BOOKKEEPING OF COMPANIES: 26/01/2024
1.1 Journal; Ledger accounts; Trial Balance
1.2 Transactions should include:
1.2.1 Issuing of shares at issue price.
1.2.2 Buying back of shares.
1.2.3 Loans and interest.
1.2.4 Income tax; Dividends; Directors fees; Audit fees
1. FINANCIAL ACCOUNTING OF COMPANIES
2.1 Concepts
2.2 Year-end adjustments
2.3 Preparation of final accounts 09/02/2024
2.4 Financial Statements and notes:
2.4.1 Income Statement (Statement of Comprehensive Income)
2.4.2 Balance Sheet (Statement of Financial Position)
2.4.3 Cash Flow Statement
2.5 Analysis and effect on the Accounting Equation. 23/02/2024
2.6 Analysis and interpretation of Income Statement (Statement of
Comprehensive Income), Balance Sheet (Statement of Financial
Position) and Notes.
2.7 Integration of internal control, corporate governance and ethics with all
topics.
2.8 Analysis of a company’s published financial statements and annual
reports comprising Independent Auditors’ Report, together with
additional information relating to governance and the company’s 15/03/2024
activities.
3 TANGIBLE / FIXED ASSETS 26/04/2024
KZN Accounting Grade 10 – 12 2024 Common Test Scope
KWAZULU NATAL DEPARTMENT OF EDUCATION
FURTHER EDUCATION AND TRAINING
TEACHERS GUIDE
2024 SEPTEMBER COMMON TEST (SCOPE)
GRADE 12
SUBJECT ACCOUNTING
PAPER 2
DURATION OF THE PAPER 2 HOURS
TOTAL MARKS 150
MAXIMUM NUMBER OF QUESTIONS 6
COGNITIVE SKILLS All questions will comprise the following
• Basic thinking skills 30%
• Moderate thinking skills 40%
• Higher order thinking skills 30%
EXPECTED WORK COVERAGE DATE
COMPLETED
1. INVENTORY SYSTEMS 12/04/2024
1.1 Validation, valuation and calculation of inventories of businesses
using the perpetual and periodic inventory systems:
1.1.1 Specific identification (of cost price per unit).
1.1.2 First in, first out (FIFO).
1.1.3 Weighted average.
1.2 Integration of :
1.2.1 GAAP principles relating to inventories.
1.2.2 Integration of ethical issues relating to inventories.
1.2.3 Integration of internal audit and control processes relating to
inventories.
2 TANGIBLE / FIXED ASSETS 26/04/2024
2.1 Interpret and Report on Movements of Tangible / Fixed Assets
2.1.1 Age of assets.
2.1.2 Replacement rate.
2.1.3 Life span of assets
2.2 Integration of :
2.2.1 GAAP Principles
2.2.2 Ethical issues relating to fixed assets
2.2.3 Internal audit & Control processes
KZN Accounting Grade 10 – 12 2024 Common Test Scope
EXPECTED WORK COVERAGE DATE
COMPLETED
3 COST ACCOUNTING 17/05/2024
3.1 Definition and explanation of accounting concepts unique to a
manufacturing business.
3.2 Preparation, presentation, analysis, interpretation and reporting on cost
information for manufacturing enterprises:
3.2.1 Preparation of a production cost statement with notes for
manufacturing costs.
3.2.2 Preparation of a short-form Income Statement with notes for
administration cost and selling &distribution cost.
3.2.3 Calculation of gross profit on finished goods sold.
3.2.4 Calculation of variable and fixed costs.
3.2.5 Calculation of the cost of a product using variable and fixed costs.
3.2.6 Calculation of cost per unit.
3.2.7 Calculation of contribution per unit.
3.2.8 Calculation of breakeven point.
3.2.9 Calculation of total cost of production.
3.2.10 Integration of Ethical issues relating to manufacturing: product
quality, product age, raw materials, support for local products,
price fixing, theft, fraud, etc. Internal audit and control processes
relating to manufacturing.
4 RECONCILIATIONS 31/05/2024
4.1 Analysis and interpretation of bank, debtors’ and creditors’
reconciliations:
4.1.1 Reconcile creditors’ statements with their personal accounts.
4.1.2 Reconcile debtors’ lists and creditors’ lists with control accounts.
4.1.3 Analyse and interpret debtors’ age analysis.
4.1.4 Analyse and interpret bank statements and bank reconciliation
statements.
4.2 Integration of :
4.2.1 Ethical issues relating to cash, debtors and creditors: payment
periods, interest, credit ratings, fraud, etc.
4.2.2 Audit and internal control issues relating to cash, debtors and
creditors.
KZN Accounting Grade 10 – 12 2024 Common Test Scope
EXPECTED WORK COVERAGE / TOPICS DATE
COMPLETED
5 VALUE ADDED TAX (VAT) 19/07/2024
5.1 Calculate the amount payable to or receivable from South African
Revenue Services (SARS).
5.2 Completion of the VAT control ledger account from given information
5.3 Integration of ethical issues relating to VAT
5.4 Integration of internal audit and control processes.
6. BUDGETING 16/08/2024
6.1 Analysis, interpretation, and comparison of projected income
statements for Sole traders or companies.
6.2 Analysis, interpretation, and comparison of cash budgets for sole
traders or companies.
6.3 Integration of:
6.3.1 Ethical issues relating to budgeting and projections.
6.3.2 Internal audit and control processes relating to budgets and
projections by comparing budget to actual figures.
KZN Accounting Grade 10 – 12 2024 Common Test Scope
