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Accounting tutoring
Online Accounting tutoring with every topic taught step by step by GradesPal tutors. Every Grade 12 Accounting module, taught step by step: company financial statements, cash flow, analysis and interpretation, governance, reconciliations, VAT, stock and fixed assets, cost accounting and budgeting, with worked examples, quizzes, real past-paper questions with memos and mock papers.
What this subject covers
The GradesPal Grade 12 Accounting subject covers the whole examination in ten modules: Company financial statements, Cash flow statements, Analysis and interpretation, Corporate governance and ethics, Reconciliations, VAT, Stock valuation and fixed assets, Cost accounting and Budgeting, finishing with an Exam preparation module. Every module teaches the topic from first principles, shows each calculation line by line the way the marking guideline wants it, walks through worked examples that you can reveal one step at a time, then lets you test yourself with a quiz and with the real questions, with memos, from the National Senior Certificate papers on GradesPal. The last module adds timed mock papers, a layout and formula sheet, and a guide to the command words and the mistakes that cost marks.
- Modules
- 10
- Lessons
- 106
- Study time
- 79h 45m
- Learners
- 1
- Prepare and complete the Cash Flow Statement and its notes with confidence
- Calculate and comment on financial indicators the way the memo expects
- Prepare and interpret budgets, reconciliations, VAT and cost statements
- Practise on real past-paper questions and mark yourself against the official memos
Subject content
01Module 1 · Company Financial Statements
Financial Statements (Balance Sheet, Income Statement)40 min · Free preview Correcting the net profit: adjustmentsFinancial Statements (Balance Sheet, Income Statement)50 min Ordinary share capital: issues, repurchases and the noteCompany Accounting (shares, dividends)50 min Dividends and the retained income noteCompany Accounting (shares, dividends)45 min Income tax and the SARS accountFinancial Statements (Balance Sheet, Income Statement)40 min The fixed assets note: depreciation, additions and disposalsFinancial Statements (Balance Sheet, Income Statement)55 min Loans, capitalised interest and the current portionFinancial Statements (Balance Sheet, Income Statement)40 min Inventories, receivables and payables on the balance sheetFinancial Statements (Balance Sheet, Income Statement)50 min A full company case: Thaba Retail LtdFinancial Statements (Balance Sheet, Income Statement)60 min Exam clinic: using ratios and balancing figuresFinancial Statements (Balance Sheet, Income Statement)50 min Quiz: Company Financial StatementsFinancial Statements (Balance Sheet, Income Statement)20 min Past-paper questions: Company Financial Statements (with memos) (set 1 of 2)Financial Statements (Balance Sheet, Income Statement)60 min Past-paper questions: Company Financial Statements (with memos) (set 2 of 2)Financial Statements (Balance Sheet, Income Statement)60 min
02Module 2 · Cash Flow Statements
Cash Flow Statements40 min · Free preview Cash generated from operationsCash Flow Statements45 min Changes in working capitalCash Flow Statements45 min Tax paid, dividends paid and interest paidCash Flow Statements50 min Investing activitiesCash Flow Statements40 min Financing activities: shares and loansCash Flow Statements45 min Cash and cash equivalents, and the overdraftCash Flow Statements35 min The full cash flow statement, step by stepCash Flow Statements60 min Exam clinic: missing figures and extractsCash Flow Statements50 min Interpreting the cash flow statementCash Flow Statements40 min Quiz: Cash Flow StatementsCash Flow Statements20 min Past-paper questions: Cash Flow Statements (with memos) (set 1 of 2)Cash Flow Statements60 min Past-paper questions: Cash Flow Statements (with memos) (set 2 of 2)Cash Flow Statements60 min
03Module 3 · Analysis & Interpretation
Analysis & Interpretation of Financial Information40 min · Free preview Profitability: gross, operating and net profit indicatorsAnalysis & Interpretation of Financial Information45 min Liquidity: can the company pay its short-term debts?Analysis & Interpretation of Financial Information55 min Solvency, gearing and financial riskAnalysis & Interpretation of Financial Information50 min Return to shareholders: ROSHE, EPS, DPS, NAV and the pay-out rateAnalysis & Interpretation of Financial Information55 min Share issues, rights and repurchases: effect on the indicatorsAnalysis & Interpretation of Financial Information45 min Writing comments that earn marksAnalysis & Interpretation of Financial Information45 min A full interpretation case: Mapula Foods LtdAnalysis & Interpretation of Financial Information55 min Formula sheet and calculation drillAnalysis & Interpretation of Financial Information50 min Quiz: Analysis & InterpretationAnalysis & Interpretation of Financial Information20 min Past-paper questions: Analysis & Interpretation (with memos) (set 1 of 2)Analysis & Interpretation of Financial Information60 min Past-paper questions: Analysis & Interpretation (with memos) (set 2 of 2)Analysis & Interpretation of Financial Information60 min
04Module 4 · Corporate Governance and Ethics
Ethics in Accounting40 min · Free preview The independent external audit and the audit reportEthics in Accounting45 min Directors' duties, fraud and whistle-blowingEthics in Accounting45 min Insider trading and the JSEEthics in Accounting40 min Social responsibility, donations and the social and ethics committeeEthics in Accounting35 min Insolvency and the rights issue: effect on assets, equity and liabilitiesEthics in Accounting40 min Exam clinic: answering 'explain TWO points' questionsEthics in Accounting40 min Quiz: Corporate Governance and EthicsEthics in Accounting20 min Past-paper questions: Corporate Governance and Ethics (with memos)Ethics in Accounting60 min
05Module 5 · Reconciliations
Reconciliations (bank, creditors, debtors)35 min · Free preview The bank reconciliation, step by stepReconciliations (bank, creditors, debtors)55 min Last month's outstanding items and cash journal entriesReconciliations (bank, creditors, debtors)45 min The creditors' reconciliationReconciliations (bank, creditors, debtors)45 min The debtors' reconciliation: control account and debtors' listReconciliations (bank, creditors, debtors)50 min The debtors' age analysis and credit controlReconciliations (bank, creditors, debtors)45 min Cash control: finding problems and preventing fraudReconciliations (bank, creditors, debtors)40 min Exam clinic: a reconciliations question in 30 minutesReconciliations (bank, creditors, debtors)45 min Quiz: ReconciliationsReconciliations (bank, creditors, debtors)20 min Past-paper questions: Reconciliations (with memos) (set 1 of 2)Reconciliations (bank, creditors, debtors)60 min Past-paper questions: Reconciliations (with memos) (set 2 of 2)Reconciliations (bank, creditors, debtors)60 min
06Module 6 · Value-Added Tax (VAT)
Reconciliations (bank, creditors, debtors)40 min · Free preview The effect of each transaction on the VAT payableReconciliations (bank, creditors, debtors)50 min The VAT control account and the amount payable to SARSReconciliations (bank, creditors, debtors)50 min VAT documents, records and complianceReconciliations (bank, creditors, debtors)35 min Exam clinic: a full VAT questionReconciliations (bank, creditors, debtors)35 min Quiz: Value-Added TaxReconciliations (bank, creditors, debtors)20 min Past-paper questions: VAT (with memos)Reconciliations (bank, creditors, debtors)60 min
07Module 7 · Stock Valuation and Fixed Assets
Financial Statements (Balance Sheet, Income Statement)35 min · Free preview FIFO: first-in, first-outFinancial Statements (Balance Sheet, Income Statement)40 min Weighted average and comparing methodsFinancial Statements (Balance Sheet, Income Statement)45 min Specific identification and the cost of imported goodsFinancial Statements (Balance Sheet, Income Statement)40 min Stock indicators and pricing decisionsFinancial Statements (Balance Sheet, Income Statement)45 min Stock counts, shortages and lossesFinancial Statements (Balance Sheet, Income Statement)35 min Fixed asset management: depreciation, disposal and controlFinancial Statements (Balance Sheet, Income Statement)45 min Exam clinic: a stock valuation question in 28 minutesFinancial Statements (Balance Sheet, Income Statement)35 min Quiz: Stock Valuation and Fixed AssetsFinancial Statements (Balance Sheet, Income Statement)20 min Past-paper questions: Stock Valuation (with memos) (set 1 of 2)Financial Statements (Balance Sheet, Income Statement)60 min Past-paper questions: Stock Valuation (with memos) (set 2 of 2)Financial Statements (Balance Sheet, Income Statement)60 min
08Module 8 · Cost Accounting
Cost Accounting (manufacturing, budgets)40 min · Free preview Direct material cost: usage, wastage and raw materials stockCost Accounting (manufacturing, budgets)45 min Direct labour cost: hourly rate, resignations and overtimeCost Accounting (manufacturing, budgets)40 min The factory overhead cost note: allocating shared costsCost Accounting (manufacturing, budgets)55 min The production cost statement and cost per unitCost Accounting (manufacturing, budgets)50 min Unit costs, fixed and variable costs, and contributionCost Accounting (manufacturing, budgets)40 min Break-even analysis and margin of safetyCost Accounting (manufacturing, budgets)50 min Interpreting cost information: control, trends and adviceCost Accounting (manufacturing, budgets)50 min Exam clinic: a full cost accounting questionCost Accounting (manufacturing, budgets)45 min Quiz: Cost AccountingCost Accounting (manufacturing, budgets)20 min Past-paper questions: Cost Accounting (with memos) (set 1 of 2)Cost Accounting (manufacturing, budgets)60 min Past-paper questions: Cost Accounting (with memos) (set 2 of 2)Cost Accounting (manufacturing, budgets)60 min
09Module 9 · Budgeting
Cost Accounting (manufacturing, budgets)40 min · Free preview Sales and the debtors' collection scheduleCost Accounting (manufacturing, budgets)50 min Purchases, mark-up and payments to creditorsCost Accounting (manufacturing, budgets)45 min The cash budget, line by lineCost Accounting (manufacturing, budgets)55 min Finding the missing amountsCost Accounting (manufacturing, budgets)55 min The projected income statementCost Accounting (manufacturing, budgets)45 min Actual versus budget: variances, reasons and adviceCost Accounting (manufacturing, budgets)50 min Decisions and ethics: rent or buy, loans, bribes and drawingsCost Accounting (manufacturing, budgets)45 min Exam clinic: a full budgeting questionCost Accounting (manufacturing, budgets)60 min Quiz: BudgetingCost Accounting (manufacturing, budgets)20 min Past-paper questions: Budgeting (with memos) (set 1 of 2)Cost Accounting (manufacturing, budgets)60 min Past-paper questions: Budgeting (with memos) (set 2 of 2)Cost Accounting (manufacturing, budgets)60 min
10Module 10 · Exam Preparation
Exam Preparation40 min · Free preview A six-week revision plannerExam Preparation30 min Master formula and layout sheetExam Preparation30 min Mock paper 1 (75 marks, 60 minutes)Exam Preparation60 min Mock paper 2 (75 marks, 60 minutes)Exam Preparation60 min Mixed quiz: the whole subjectExam Preparation20 min
Frequently asked questions
Who is my tutor?
When you join you are matched with one of the subject's GradesPal tutors, who will guide you through the modules and mark your work.
Are the past-paper questions real?
Yes. The practice sets use the actual questions from the National Senior Certificate Accounting papers that are on GradesPal, each with the official memorandum mark by mark. Worked examples and quiz questions are written by GradesPal.
Do I need the textbook as well?
No. Each module is complete on its own, but extra practice from your textbook is always useful.