Grade 9 Accounting Syllabus1. Grade 9 Accounting for Grade 9- Introduction to accounting principles and concepts
- Understanding the role of accounting in business
- Identifying different types of accounts and their classifications
- Introduction to financial statements
2. Grade 9 Accounting in Action- Recording transactions using the double-entry system
- Understanding the accounting equation and its components
- Analyzing transactions and their effects on financial statements
- Preparing journal entries and posting to ledger accounts
3. Grade 9 Recording Process- Understanding the importance of source documents in the recording process
- Analyzing and recording transactions in the general journal
- Posting entries to the general ledger
- Balancing and reconciling ledger accounts
4. Grade 9 Adjusting the Accounts- Identifying the need for adjusting entries
- Preparing adjusting entries for accruals and deferrals
- Updating financial statements with adjusted balances
- Analyzing the impact of adjusting entries on financial statements
5. Grade 9 Completing the Accounting Cycle- Reviewing the steps involved in the accounting cycle
- Preparing a worksheet to facilitate the closing process
- Closing revenue and expense accounts to the income summary account
- Summarizing the closing entries and preparing a post-closing trial balance
6. Grade 9 Inventories- Understanding the importance of inventory in business operations
- Differentiating between perpetual and periodic inventory systems
- Recording inventory transactions and calculating cost of goods sold
- Analyzing the impact of inventory errors on financial statements
7. Grade 9 Statement of Cash Flow- Understanding the purpose and components of the statement of cash flow
- Classifying cash flows into operating, investing, and financing activities
- Preparing and analyzing a statement of cash flow
- Interpreting the cash flow information to assess a company's financial health
8. Grade 9 Financial Statement Analysis- Analyzing financial statements using common ratios and formulas
- Assessing a company's liquidity, solvency, and profitability
- Interpreting financial statement information to make informed business decisions
- Identifying trends and patterns in financial data
9. Grade 9 Bank Reconciliation Statements- Understanding the purpose and importance of bank reconciliation
- Identifying and reconciling differences between bank statements and cash records
- Analyzing and adjusting for outstanding checks, deposits in transit, and bank errors
- Updating cash records with reconciled balances
10. Grade 9 Control Accounts- Understanding the concept of control accounts in accounting
- Recording transactions in control accounts and subsidiary ledgers
- Reconciling control accounts with subsidiary ledger balances
- Analyzing discrepancies and correcting errors in control accounts
11. Grade 9 Errors Affecting Trial Balance and Suspense Accounts- Identifying common errors in the recording process
- Analyzing the impact of errors on the trial balance
- Using suspense accounts to temporarily correct errors
- Locating and rectifying errors to ensure accuracy in financial statements
12. Grade 9 Capital and Revenue Expenditures- Understanding the distinction between capital and revenue expenditures
- Recording and classifying expenditures based on their nature
- Analyzing the impact of capital and revenue expenditures on financial statements
- Calculating depreciation and amortization expenses
13. Grade 9 Depreciation- Understanding the concept of depreciation and its importance in accounting
- Differentiating between different methods of depreciation (straight-line, reducing balance, etc.)
- Calculating and recording depreciation expenses
- Analyzing the impact of depreciation on financial statements
14. Grade 9 Valuation of Inventory- Understanding different inventory valuation methods (FIFO, LIFO, weighted average)
- Calculating inventory costs and valuation
- Analyzing the impact of inventory valuation on financial statements
- Interpreting inventory turnover ratios and their implications
15. Grade 9 Payables and Receivables- Recording and classifying accounts payable and accounts receivable transactions
- Monitoring and analyzing the aging of payables and receivables
- Calculating and recording bad debts and allowances for doubtful accounts
- Assessing the liquidity and collectability of receivables and payables
16. Grade 9 Provision for Doubtful Debts and Irrecoverable Debts- Understanding the need for provisions for doubtful debts
- Calculating and recording provisions for doubtful debts
- Analyzing the impact of provisions on financial statements
- Writing off irrecoverable debts and adjusting financial statements accordingly
This course is helpful for the following exams: Grade 9