GRADE 9 / YEAR 10 ACCOUNTING COURSE SYLLABUS 2020-2021

Course Outline

Overview

The IGCSE Accounting Syllabus at GEMS Wesgreen International Secondary School aims to provide a combination of knowledge and skills to the students to develop both practical skills and theoretical knowledge.
The students focus on the skills of recording, reporting, presenting, and interpreting financial information; these form an ideal foundation for further study, and for a future career within the profession.

Learning Outcomes

The aims are to enable students to develop:

  • knowledge and understanding of the principles and purposes of accounting for individuals, businesses, non-trading organizations and society as a whole
  • an understanding of accounting concepts, principles, policies, techniques, procedures, and terminology
  • improved skills of numeracy, literacy, communication, enquiry, presentation, and interpretation
  • improved accuracy, orderliness, and the ability to think logically

Unit Overviews

Term 1

Unit 1 The fundamentals of accounting Approximate length: 2 weeks

In this unit, the basic accounting terms and the accounting equation are introduced. The role of accounting in providing information and the purposes of measuring business profit and loss are also explored and the difference between book-keeping and accounting is explained.

Cambridge International Curriculum Standards

  • Understand and explain the difference between book-keeping and accounting.
  • State the purposes of measuring business profit and loss.
  • Explain the role of accounting in providing information for monitoring progress and decision-making.
  • Explain the meaning of assets, liabilities, and owner’s equity.
  • Explain and apply the accounting equation.

Unit 2 Sources and recording of data

Approximate length: 8 weeks

The core topic in this unit is the double entry system of book-keeping and how this is applied in the

preparation of ledger accounts. The division of the ledger is considered. Business documents and their use as sources of information are also included. Consideration is given to the procedures for processing information in books of prime entry.

Cambridge International Curriculum Standards

  • Outline the double entry system of book-keeping.
  • Process accounting data using the double entry system.
  • Prepare ledger accounts and post transactions to the ledger accounts.
  • Balance ledger accounts as required and make transfers to financial statements and be able to interpret ledger accounts and their balances.
  • Recognize the division of the ledger into the sales ledger, the purchases ledger, and the nominal (general) ledger.
  • Recognize and understand the following business documents: invoice, debit note, credit note, statement of account, cheque, receipt
  • Complete pro-forma business documents and understand the use of business documents as sources of information: invoice, credit note, cheque, counterfoil, paying-in slip, receipt, bank statement.
  • Explain the advantage of using various books of prime entry.
  • Explain the use of and process accounting data in the books of prime entry: cash book, petty cash book, sales journal, purchases journal, sales returns journal, purchases returns journal and the general journal.
  • Post the ledger entries from the books of prime entry.
  • Distinguish between and account for trade discount and cash discounts.
  • Explain the dual function of the cash book as a book of prime entry and as a ledger account for bank and cash.
  • Explain the use of and record payments and receipts made by bank transfers and other electronic means.
  • Explain and apply the imprest system of petty cash.

Unit 3 Verification of accounting records

Approximate length: 3 weeks

In this unit, the students concentrate on the use of trial balances, bank reconciliation statements and control accounts as means of verifying accounting records. The procedures for the correction of errors are also covered.

Cambridge International Curriculum Standards

  • Understand the use and purpose of a bank statement.
  • Update the cash book for bank charges, bank interest paid and received, correction of errors, credit transfers, direct debits, dividends, and standing orders.
  • Understand the purpose of and prepare a bank reconciliation statement to include bank errors, uncredited deposits, and unpresented cheques.

General teaching methodologies will include Online and Face to Face (Blended) learning, Face to face students will be in class while online learners will log in remotely and follow the instructor, who will have the laptop camera facing the smartboard. Teaching will be done using a combination of writing and illustrating on the smartboard and PowerPoint presentations. This should include a combination of oral and visual methods to differentiate instruction modes to cater to student preferences effectively.

Use of Phoenix to allocate differentiated activities catering to varying learning abilities of the students – these online activities will include quizzes, assignments, research-based projects, digital group activities and formative tests.

Feedback to students will be given through the Gems Phoenix platform. Feedback will include rubrics, teacher, and peer marking.

Questions from students – time allocated to allow students the opportunity to ask questions and give written and oral feedback through digital platforms.

Term 2

Programme of Study

Term 3

Programme of Study

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