The study of Accounting is much more than the recording of financial data. The subject focuses on measuring performance and includes analysis, interpretation, evaluation and communication of financial statements and managerial reports for use by interested parties.
The subject also includes the study of business ethics, transparency and accountability as well as auditing, managerial and cost accounting.
Today’s approach is to link education more closely to the real world. Pupils are expected to learn the skills needed to solve problems, think critically, analyse, access and practically apply financial and managerial knowledge. To do this a case study approach is used. Pupils learn how to identify problem areas within a business and make suggestions on how to rectify the problem.
Our specific departmental requirement is to keep pupils abreast of current financial affairs and to do this we encourage the following:
- Participation in the JSE/Liberty Investment Challenge
- Participation in a business simulation game
- Integration of Pastel into the curriculum
- Participation in the SAIPI Accounting Olympiad
Why study Accounting?
- A life skill – regardless of career, everyone needs an understanding of finance
- A broad subject with multiple applications
Whilst Accounting is not a prerequisite for studying a B Com at university, the skills, knowledge and values acquired whilst studying the subject at school puts these pupils in a unique position of approaching any business-related degree with confidence, as opposed to those who do not do Accounting at school.