Accounting

Rebutting and rebuilding….

Grade 9’s practised the age old art of forming a compelling argument and having it torn apart by an apposing idea. Why did I do this to them?…..Trade Unions! We have been studying Trade Unions in Economic Sciences this term. To give the Grade 9’s a feel for how negotiations take place, they were given a scenario. One side of[Read More…]

by October 23, 2020 Accounting, High School
The true meaning of Cost Accounting

The true meaning of Cost Accounting

The Grade 11’s Accounting students recently covered a core section of their curriculum known as Cost Accounting. During the past weeks, they unfolded the mystery of cost in general and particularly when related to a manufacturing business. The production cost per unit being central in any manufacturing concern, it becomes a necessity to clearly understand the production cycle and the[Read More…]

by August 31, 2020 Accounting, High School
Research and report on an informal business…

Research and report on an informal business…

Informal, Small, Medium and Micro Enterprises (SMME) SMME’s have been identified as drivers of inclusive economic growth in South Africa and across the globe (The Banking Association of South Africa, 2019). However, many of them are still operating with improper bookkeeping systems. During their introductory chapter a few weeks back, the grade 10 accounting students learned about bookkeeping system. It[Read More…]

by March 5, 2020 Accounting, High School
Informal Trading Investigation

Informal Trading Investigation

Small and medium-sized enterprises (SMEs) and Informal Trading constitute the heart of the economic prospect of most countries. In those countries, they play an important economic and social role by means of their input to the creation of wealth and jobs (Hallberg, 2000). South Africa is not immune to these realities given they represent 34% of the GDP (The Banking Association[Read More…]

by February 21, 2019 Accounting, High School
The Grade 10s are ready to “Post”

The Grade 10s are ready to “Post”

The Grade 10 Accounting students have been revisiting their posting skills. The concept was introduced to them last year in Grade 9 by Mrs Caris. Posting into the General Ledger (GL) is a skill used while transferring totals from the sub-journals. It must be properly done otherwise the Trial Balance (TB) will not equalise. The posting rules are essentially an application[Read More…]

by January 31, 2019 Accounting, High School
Prelude in Cracking Success

Prelude in Cracking Success

#Proud teacher                                                                                                                     [Read More…]

by September 13, 2018 Accounting, High School
Business as usual at SMA

Business as usual at SMA

The Storm has passed  The mid-year exams ended a week ago. The pressure of the exams gradually gave way to a better mood among the students. They are freer, more cheerful and even allow themselves a few jokes, which was almost non-existent during the exams. It is really nice to see them so happy. After the exams we continued teaching. At[Read More…]

by July 19, 2018 Accounting, High School
Dishonoured cheques and the IMPACT on businesses…

Dishonoured cheques and the IMPACT on businesses…

#Cash Transactions #Source documents Issuing cheques is a very convenient method of making payments. What it requires is just writing the date, amount of money to be paid, the name of the person who is to be paid to and signature. Though it sounds very easy, there are plenty of cases where cheques are bounced. Just a single mistake can result in your cheque[Read More…]

by March 23, 2018 Accounting, High School

Managing our Economics…it’s a Science!

The Grade 8’s love EMS….well, they love money and that’s almost the same thing! We have arrived at the place in our curriculum where the Grades 8’s have started analysing transactions and preparing Cash Receipts Journals and Cash Payments Journals. Fun times in EMS class! Although EMS is not everyone’s favourite subject, there is pure joy when the jolly bank[Read More…]

by September 1, 2017 Accounting, High School
The “why’s” of Cost Accounting…

The “why’s” of Cost Accounting…

The Grade 11 Accounting students recently started a core section of their curriculum known as Cost Accounting. During the coming weeks we will unfold the mystery of cost in general, particularly when related to a manufacturing business. The production cost per unit being central in any manufacturing concern, it becomes a necessity to clearly understand the production cycle and the[Read More…]

by September 1, 2017 Accounting, High School