Sign inStart practising
← All subjectsGRADESPAL SUBJECT

Accounting tutoring

Online Accounting tutoring with every topic taught step by step by GradesPal tutors. Every Grade 11 Accounting module: worked lessons, extra worked examples, an exam-style question bank with full memos, quizzes, and two timed mock papers, with a GradesPal tutor to guide you.

Grade 10Grade 11Grade 12
ACCOUNTING · GRADE 11

What this subject covers

The GradesPal Grade 11 Accounting subject, one module at a time: Reconciliations, Fixed assets, Partnerships, Analysis and interpretation, Clubs, Cost accounting, Budgeting, Inventory systems, VAT and a final Exam preparation module. Every module opens with worked lessons that build the topic step by step, adds a set of extra worked examples for the situations the exam likes to test, then a ten-question quiz with an explanation for each answer, a timed practice set and a full exam-style question bank in the layout of the Grade 11 paper, with a tick-by-tick memo you mark yourself against. The final module adds two timed mock papers, a formula and layout sheet, and a guide to command words and the mistakes that cost marks. Exam-style questions are written by GradesPal in the layout and mark allocation of the paper; they are not copied from past papers.

Modules
10
Lessons
96
Study time
37h 4m
Learners
4
  • Work through every Grade 11 Accounting topic one short lesson at a time, with worked examples
  • Check your own reasoning immediately with an explanation on every quiz answer
  • Mark your own exam-style answers against a full memo before moving on
  • Practise full exam-style walkthroughs in the final Exam preparation module
LESSONS

Subject content

01Module 1 · Reconciliations

  1. Why we reconcile: bank, creditors & internal controlReconciliations (bank, creditors, debtors)15 min
  2. The Bank Reconciliation Statement, step by stepReconciliations (bank, creditors, debtors)11 min
  3. Outstanding deposits, unpresented cheques, debit orders & bank chargesReconciliations (bank, creditors, debtors)11 min
  4. Errors, R/D cheques & post-dated chequesReconciliations (bank, creditors, debtors)9 min
  5. Creditors' Reconciliation: matching your ledger to their statementReconciliations (bank, creditors, debtors)9 min
  6. Worked example: full bank + creditors' reconciliationReconciliations (bank, creditors, debtors)8 min
  7. More worked examples: reconciliationsReconciliations (bank, creditors, debtors)40 min
  8. Reconciliations (bank, creditors, debtors)20 min · Free preview
  9. Reconciliations (bank, creditors, debtors)34 min · Free preview
  10. Exam question bank: reconciliationsReconciliations (bank, creditors, debtors)75 min

02Module 2 · Fixed assets

  1. The Fixed Asset Register: the paper trail an audit relies on8 min
  2. Straight-line vs. diminishing balance8 min
  3. Assets that are fully depreciated8 min
  4. Disposal of assets: cash, credit and trade-in8 min
  5. Disposal at the start, during, and end of the year8 min
  6. Building the Tangible Asset Note8 min
  7. More worked examples: fixed assetsFixed assets (depreciation, disposal, tangible asset note)40 min
  8. Quiz: Fixed assets20 min
  9. Practice set: Fixed assets34 min
  10. Exam question bank: fixed assetsFixed assets (depreciation, disposal, tangible asset note)80 min

03Module 3 · Partnerships

  1. What is a partnership? Advantages, disadvantages and formation8 min
  2. Capital, Drawings and the new Current account8 min
  3. The "SIBS" order: Salaries, Interest, Bonus, Share8 min
  4. Worked example: the Appropriation account, start to finish8 min
  5. When capital changes during the year8 min
  6. Closing Drawings to the Current account8 min
  7. The partnership Income Statement and Balance Sheet8 min
  8. Capital and Current account notes to the financial statements8 min
  9. More worked examples: partnershipsPartnerships (capital, current accounts, appropriation)40 min
  10. Quiz: Partnerships20 min
  11. Practice set: Partnerships46 min
  12. Exam question bank: partnershipsPartnerships (capital, current accounts, appropriation)85 min

04Module 4 · Analysis and interpretation

  1. Why we analyse: profitability, liquidity and solvencyAnalysis & Interpretation of Financial Information8 min
  2. Revising Grade 10: profit margins and the two liquidity ratiosAnalysis & Interpretation of Financial Information10 min
  3. Stock turnover rate and the stock holding periodAnalysis & Interpretation of Financial Information8 min
  4. Debtors' collection and creditors' payment periodsAnalysis & Interpretation of Financial Information8 min
  5. The debt-equity ratio: how much of the business is borrowed?Analysis & Interpretation of Financial Information8 min
  6. Return on partners' equity and each partner's earningsAnalysis & Interpretation of Financial Information8 min
  7. Worked example: commenting on financial indicatorsAnalysis & Interpretation of Financial Information9 min
  8. More worked examples: analysis and interpretationAnalysis and interpretation of financial statements40 min
  9. Quiz: Analysis and interpretationAnalysis & Interpretation of Financial Information20 min
  10. Practice set: Analysis and interpretationAnalysis & Interpretation of Financial Information40 min
  11. Exam question bank: analysis and interpretationAnalysis and interpretation of financial statements80 min

05Module 5 · Clubs

  1. What makes a club different: concepts and vocabulary11 min
  2. The analysis cash book: a club's receipts and payments10 min
  3. The club's ledger: membership fees and the accumulated fund11 min
  4. Trading inside a club: refreshments, ties and other stock9 min
  5. The Statement of Receipts and Payments and the true surplus12 min
  6. More worked examples: clubsClubs (non-profit organisations)35 min
  7. Quiz: Clubs20 min
  8. Practice set: Clubs34 min
  9. Exam question bank: clubsClubs (non-profit organisations)90 min

06Module 6 · Cost accounting

  1. Inside a factory: classifying manufacturing costsCost Accounting (manufacturing, budgets)9 min
  2. Unit cost and contribution: what one bag really costsCost Accounting (manufacturing, budgets)8 min
  3. The break-even point: how many bags before a profit?Cost Accounting (manufacturing, budgets)9 min
  4. Manufacturing ledger accounts: following the cost of a bagCost Accounting (manufacturing, budgets)11 min
  5. More worked examples: cost accountingCost Accounting (manufacturing, budgets)35 min
  6. Quiz: Cost accountingCost Accounting (manufacturing, budgets)20 min
  7. Practice set: Cost accountingCost Accounting (manufacturing, budgets)34 min
  8. Exam question bank: cost accountingCost Accounting (manufacturing, budgets)80 min

07Module 7 · Budgeting

  1. Why businesses budget: the key conceptsCost Accounting (manufacturing, budgets)11 min
  2. The debtors' collection schedule: when will credit customers pay?Cost Accounting (manufacturing, budgets)8 min
  3. The creditors' payment schedule: when will the business pay its suppliers?Cost Accounting (manufacturing, budgets)8 min
  4. The Projected Income Statement: will the plan make a profit?Cost Accounting (manufacturing, budgets)8 min
  5. The Cash Budget: putting it all togetherCost Accounting (manufacturing, budgets)10 min
  6. More worked examples: budgetingCost Accounting (manufacturing, budgets)35 min
  7. Quiz: BudgetingCost Accounting (manufacturing, budgets)20 min
  8. Practice set: BudgetingCost Accounting (manufacturing, budgets)34 min
  9. Exam question bank: budgetingCost Accounting (manufacturing, budgets)85 min

08Module 8 · Inventory systems

  1. Perpetual vs periodic: two ways to keep track of stock8 min
  2. Recording under the periodic system: the same events, different accounts8 min
  3. Purchases, carriage and import duties: what stock really costs8 min
  4. Both systems, side by side: Khumalo Hardware's year end10 min
  5. More worked examples: inventory systemsInventory systems (perpetual and periodic)30 min
  6. Quiz: Inventory systems20 min
  7. Practice set: Inventory systems28 min
  8. Exam question bank: inventory systemsInventory systems (perpetual and periodic)70 min

09Module 9 · VAT

  1. VAT basics: input tax, output tax, zero-rated and exempt8 min
  2. Calculating VAT: adding it on and taking it out8 min
  3. Invoice basis vs payments basis: when is VAT due?8 min
  4. Returns, discounts and bad debts: when VAT changes after the sale8 min
  5. The VAT Control account: what the business owes SARS8 min
  6. VAT ethics and internal control: keeping it honest8 min
  7. More worked examples: VATValue-Added Tax (VAT)30 min
  8. Quiz: VAT20 min
  9. Practice set: VAT34 min
  10. Exam question bank: VATValue-Added Tax (VAT)70 min

10Module 10 · Exam preparation

  1. Inside the exam: how the Grade 11 paper is built and marked8 min
  2. Exam technique: time, order and the answer book8 min
  3. Walkthrough 1: a reconciliation and VAT question8 min
  4. Walkthrough 2: partnership financial statements8 min
  5. Walkthrough 3: analysis and interpretation8 min
  6. Mock exam 1: reconciliation, fixed assets, partnership and VATExam preparation75 min
  7. Mock exam 2: clubs, cost accounting, budgeting and analysisExam preparation75 min
  8. Quick reference: formulas and statement layoutsExam preparation20 min
  9. Command words and the mistakes that cost marksExam preparation25 min
QUESTIONS

Frequently asked questions

Who is my tutor?

When you join you are matched with one of the subject's GradesPal tutors. Their notes appear in your lessons.

How do the quizzes work?

Pick an option and the explanation appears immediately, whether you got it right or not - no submitting, no waiting.

How do the practice sets work?

Each one is a short mock exam. Answer every question on paper first, then open each part to check yourself against the memo.

Subscriptionfrom R 250/mo