Grade 11 accounting project term 2 memorandum 2022

What is the purpose for Accounting Grade 11?

The reasons for learning Accounting Grade 11 in South Africa are the following:

• record, analyse and interpret financial and other relevant data in order to make informed decisions;
• present and/or communicate financial information effectively by using generally accepted accounting practice in line with current developments and legislation;
• develop and demonstrate an understanding of fundamental accounting concepts;
• 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 and/or to 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 in the context of the various fields of Accounting;
• develop critical, logical, and analytical abilities and thought processes to enable learners to apply skills to current and new situations;
• develop the following characteristics:
  – ethical behaviour
  – sound judgement
  – thoroughness
  – orderliness
  – accuracy
  – neatness;
• deal confidently with the demands of an accounting occupation manually and/or electronically.