Grade 11 Accounting

Categories: Accounting, Grade 11
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About Course

This Grade 11 Accounting Term 3 course covers budgets and projections, inventory systems and manufacturing cost accounting.

Learners prepare schedules and budgets, compare stock systems, calculate production costs and break-even points, and record manufacturing costs in ledger accounts.

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

Live Lesson Recordings

Budgets and Projections
<p>Distinguish a cash budget from a projected Statement of Comprehensive Income.</p>

Projected Statement of Comprehensive Income
<p>Prepare projected revenue, cost of sales and expenditure using assumptions and percentage changes.</p>

Projected Cash Receipts and Payments
<p>Prepare a sole trader's cash budget from expected cash inflows and outflows.</p>

Debtors Collection Schedule
<p>Calculate projected collections from cash and credit sales using collection patterns.</p>

Creditors Payment Schedule
<p>Calculate projected supplier payments from purchases and payment policies.</p>

Budget Variances, Ethics and Control
<p>Interpret projections and evaluate ethical, internal-control and internal-audit issues in budgeting.</p>

Perpetual Inventory System
<p>Explain the perpetual system and calculate cost of sales and gross profit using stock records and mark-up.</p>

Periodic Inventory System
<p>Calculate cost of sales using opening stock, net purchases, carriage, customs duties and closing stock.</p>

Comparing Inventory Systems
<p>Compare the operation, advantages, disadvantages and controls of perpetual and periodic systems.</p>

Manufacturing Cost Classification
<p>Classify direct materials, direct labour, factory overheads, administration and selling-and-distribution costs.</p>

Production Cost and Unit Cost
<p>Calculate total production cost and the production cost per unit using variable and fixed costs.</p>

Break-Even Analysis
<p>Calculate and interpret break-even output using contribution per unit.</p>

Manufacturing Stock Ledger Accounts
<p>Record raw materials, work in progress, finished goods and consumable stores in ledger accounts.</p>

Manufacturing Cost Ledger Accounts
<p>Prepare Direct Material, Direct Labour, Factory Overhead, Administration and Selling and Distribution Cost accounts.</p>

Term 3 Presentation and Control Test
<p>Integrate budgeting, inventory and manufacturing accounting for the presentation and control test.</p>

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