Grade 10 Accounting

Categories: Accounting, Grade 10
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About Course

This Grade 10 Accounting Term 3 course completes year-end adjustments and develops sole-trader financial statements and analysis.

Learners prepare final accounts, statements and notes, then calculate and interpret profitability, liquidity, solvency and return indicators.

What Will You Learn?

  • ATP-aligned lessons, guided practice, quizzes, revision activities and formal-assessment preparation.

Course Content

Before You Begin: Lesson Prerequisites & Materials

  • Welcome to Grade 10 Accounting
  • Learner Conduct and Course Expectations
  • Recommended Textbooks and Learning Materials
  • Join Our Group Chat
  • How to Scan and Submit Your Work

TERM 1

Accounting Equation and Transactions

Concepts Ethics, Internal Control and GAAP

Cash Journals, General Ledger and Trial Balance

Credit Journals and Ledgers

TERM 2

Combined Transactions, Journals and Ledger

Debtors and Creditors Reconciliation

Salaries and Wages

Year End Depreciation and Final Accounts

TERM 3

Financial Indicators and Interpretation

Financial Statements and Notes

Year End Adjustments and Trial Balance

Year-End Adjustments Overview
<p>Explain the purpose of adjustments and their effect on profit, assets, equity and liabilities.</p>

Trading Stock and Consumable Stores
<p>Record trading-stock deficits or surpluses and adjust consumable stores on hand.</p>

Accrued Income and Accrued Expenses
<p>Record income earned but not received and expenses incurred but not yet paid.</p>

Prepaid Expenses and Income Received in Advance
<p>Adjust expenses paid in advance and income received before it is earned.</p>

Interest, Bad Debts and Corrections
<p>Record capitalised interest, bad debts, salaries-related adjustments and errors or omissions.</p>

Adjusted and Closing Trial Balances
<p>Prepare the post-adjustment trial balance, final accounts and post-closing trial balance.</p>

Statement of Comprehensive Income
<p>Prepare a sole trader's statement of comprehensive income from adjusted information.</p>

Statement of Financial Position
<p>Prepare a sole trader's statement of financial position using the accounting equation.</p>

Notes to the Financial Statements
<p>Prepare notes for interest, fixed assets, inventory, receivables, cash, equity and payables.</p>

Profitability Indicators
<p>Calculate and interpret gross-profit, net-profit, operating-expense and operating-profit percentages.</p>

Liquidity Indicators
<p>Calculate and interpret the current ratio and acid-test ratio.</p>

Solvency and Return on Owner’s Equity
<p>Calculate and interpret the solvency ratio and return on owner's equity.</p>

Term 3 Analysis and Control Test
<p>Integrate statements, notes, GAAP, indigenous bookkeeping and financial analysis for the formal assessment.</p>

TERM 4

Budgeting

Cost Accounting

Revision_Term_1_Accounting_Equation_and_Transactions

Revision_Term_1_Cash_Journals_General_Ledger_and_Trial_Balance

05_Revision_Term_1_Concepts_Ethics_Internal_Control_and_GAAP

Revision_Term_1_Credit_Journals_and_Ledgers

Revision_Term_2_Combined_Transactions_Journals_and_Ledger

Revision_Term_2_Debtors_and_Creditors_Reconciliation

Revision_Term_2_Salaries_and_Wages

Revision_Term_2_Year_End_Depreciation_and_Final_Accounts

Revision_Term_3_Financial_Indicators_and_Interpretation

Revision_Term_3_Financial_Statements_and_Notes

Revision_Term_3_Year_End_Adjustments_and_Trial_Balance

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