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.


The subject 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 improvement of 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 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.
  • Develop critical, logical, and analytical abilities and thought processes to enable them to apply these skills to current and new situations.
  • Develop 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.

(Extract from National Curriculum Statement Grades 10-12; Department of Education)