Accounting

SMA: Accounting – Grade 11

SMA: Accounting – Grade 11

Capitalisation of interest is no longer a foreign concept for our Grade 11 accountants. Megan and Amber discovered how to account for interest and the current portion of a loan at financial year-end during intense work sessions, today and yesterday. Well done to them both !!!

by April 23, 2014 Accounting
SMA: Accounting Grade 12 – Business Simulation

SMA: Accounting Grade 12 – Business Simulation

Our Grade 12 accountants, Lexi Spaltman, Lindsey Coetzee and Dylan Pearson attended a business simulation workshop, where they were exposed to the intricate workings of business analysis.  Various ratio’s were employed in order to determine profitability, liquidity, return on funds employed and much more. Students from four schools participated in this program designed to ensure understanding of ‘real life’ application[Read More…]

by April 8, 2014 Accounting
SMA: Accounting –  Grade 11 Accountants

SMA: Accounting – Grade 11 Accountants

The Grade 11 Accountants were recently captured in celebrating their achievement of mastering several intricate new concepts.  Well done Amber and Megan !!!

by March 26, 2014 Accounting
Matric Accountants get to grips with cash flow statements….

Matric Accountants get to grips with cash flow statements….

 

by March 18, 2014 Accounting
Grade 11 Math Lit …experience compound interest.

Grade 11 Math Lit …experience compound interest.

  Mathematical Literacy is an excellent medium to get students involved in general life-skill calculations…..ranging from pre-determining interest requirements on a bond payment plan to calculating paint to application, volume requirements and at the same token, pricing the project.   Samantha Gorman caught in action explaining some of the intricasies of interest in action in day-to-day decision making processes.  [Read More…]

by March 11, 2014 Accounting
Matric Accountants: help with Activity 17

Matric Accountants: help with Activity 17

Matrics, I found this article to assist you with the work we are covering in class. Please take time to work through it. In perpetual inventory system, merchandise inventory and cost of goods sold are updated continuously on each sale and purchase transaction. Some other transactions may also require an update to inventory account for example, sale/purchase return, purchase discounts etc.[Read More…]

by March 4, 2014 Accounting, Math Literacy
Accounting facts and fun

Accounting facts and fun

High School Accounting is a delicate balance between Mathematics, Business Studies and writing. The students need to understand the business terms used and the Mathematics involved. Lessons involve working from textbooks and entering information into accounting worksheets that contain topics and sub topics. Students analyze data, write reports and tackle complex mathematical exercises. Real-world examples are preferable to abstract assignments.[Read More…]

by February 26, 2014 Accounting
Matric Accountants trade on JSE

Matric Accountants trade on JSE

Students at Silvermine Academy are now investing directly on the JSE Limited by utilising the JSE demo trading account portal.  The purpose of the exercise is ultimately to expose students to theory in practice, but also to ensure understanding of how the market forces influence trade in securities. Lexi is a staunch Woollies supporter, whereas Lindsey capitalised on Capitec’s increased share[Read More…]

by February 18, 2014 Accounting
Optimisation?

Optimisation?

THE rand is approaching record lows against the dollar. Why then is the output of our major export sectors, mining and manufacturing, not responding? Why is South Africa’s economic growth slowing instead of being boosted by increasing production of exports if the things we produce are now much cheaper for foreigners to buy? There are no simple answers. The exchange[Read More…]

by February 3, 2014 Accounting
10 point pass Accounting exams

10 point pass Accounting exams

Why is it that so many students struggle with accounting exams?  Is it the ambiguity of the concepts or the way in which the subjects are taught in our Universities? This area has been a focus for me over the past few years.  After tutoring several hundred students and seeing the variety of courses available through Universities, both undergraduate and[Read More…]

by August 29, 2013 Accounting