Accounting at SACS is taught by Mr. Ludwig and Mrs. Holman. The department has an enviable record of academic achievement having a high percentage of learner’s obtaining A-Aggregates in Matric as well as having learners placed in the Top 3 in the Western Cape.

 Accounting focuses on measuring performance, and processing and communicating financial information about economic sectors. This discipline ensures that ethical behaviour, transparency and accountability are adhered to. It deals with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis and interpretation of financial statements and managerial reports for use by interested parties.

 Accounting develops learners’ knowledge, skills, values, attitudes and ability to make meaningful and informed personal and collaborative financial decisions in economic and social environments.

By engaging in Accounting, learners will be able to:

■ Collect, select, record and/or capture, analyse and interpret financial and other relevant data in order to make informed decisions.

■ Develop general and specific skills in accounting to integrate theory and practice and which could be used for compliance with generally accepted accounting practice.

■ Present and/or communicate financial information effectively by using generally accepted accounting practice, developments and legislation.

■ Develop and demonstrate an understanding of fundamental accounting concepts.

■ Acquire skills, knowledge, attitudes and values that can contribute directly or indirectly to the improvementof standard of living, human development and productivity, and create opportunities for all.

■ 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 move to higher education, and to encourage selfdevelopment.

■ 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.

■ Develop critical, logical, and analytical abilities and thought processes to enable them to apply these skills to current and new situations.

■ Develop the necessary characteristics including:

• ethics;

• sound judgment;

• thoroughness;

• orderliness;

• accuracy; and

• neatness and presentability.

■ Deal confidently with the basic demands of an accounting occupation manually and/or electronically.

LEARNING OUTCOMES

Learning Outcome 1: Financial Information

The learner is able to demonstrate knowledge, understanding and the application of financial information according to generally accepted accounting practice and concepts.

This Learning Outcome will equip learners with the necessary knowledge and skills to collect, analyse, organise, record and critically evaluate financial information from source documents up to final accounts and financial statements. Learners will be able to organise, apply and manage financial activities and data in a responsible and effective manner in their lives, community and economic environments.

Learning Outcome 2: Managerial Accounting

The learner is able to demonstrate knowledge and understanding of managerial accounting, as well as the

application thereof.

The focus of this Learning Outcome is to equip learners with the ability to manage and report on activities by using specific management, organising and leadership skills. This Learning Outcome focuses on developing managerial, financial and communication skills to enable learners to manage themselves and their business activities responsibly and effectively. Learners will be able to interpret financial and managerial information so as to make informed decisions and communicate these decisions to the relevant stakeholders.

Learning Outcome 3: Managing Resources

The learner is able to demonstrate knowledge and understanding of the use of different financial and managerial control tools and strategies to manage resources in a responsible manner.

Learners will be equipped with the skills to use financial and managerial tools and strategies to determine the financial impact on the management of resources. The focus of this Learning Outcome is to inculcate ethical behaviour with regard to the management of resources.