Zimbabwe Lower 6 Accounting Curriculum

This curriculum covers financial accounting, financial reporting, cost accounting, and management accounting, utilizing both manual and computerized systems. It builds upon the Principles of Accounting learned in Form 4 and prepares students for tertiary education and careers in fields such as teaching, bookkeeping, auditing, accounting, banking, and finance.

Aims:

• Develop knowledge and skills in applying accounting concepts, principles, and practices.
• Exhibit competencies in planning, budgeting, and financial resource management.
• Acquire a critical and analytical approach to evaluating accounting policies and practices.
• Develop communication, analysis, interpretation, and presentation skills for accounting information.
• Appreciate accounting's role in business.
• Design and evaluate projects and make informed decisions.
• Apply ethical principles (Unhu/Ubuntu/Vumunhu) in business transactions.
• Demonstrate proficiency in using ICT tools for accounting data processing.

Form 5 Topics:

• Financial Accounting: Introduction to Accounting and Business Ethics, Accounting Concepts, Double Entry up to Trial Balance, Trial Balance and Errors, Control Applications, Valuation of Assets, Financial Statements (IAS 1), Incomplete Records Accounting, Business Purchase, Sources of Capital, Further Considerations in Partnership Accounting, Manufacturing Businesses, Departmental Accounting, Not for Profit Organizations.
• Financial Reporting: International Accounting Standards (IAS).
• Cost Accounting: Cost terms and purpose, Absorption Costing.
• Management Accounting: Budgeting and Budgetary Control.

Form 6 Topics:

• Financial Accounting: Issue and Redemption of Shares, Issue and Redemption of Loan Notes.
• Financial Reporting: Interpretation and analysis of financial statements.
• Cost Accounting: Marginal Costing, Job and Batch Costing, Standard Costing.
• Management Accounting: Investment Appraisal.

Assessment:

Assessment is divided into continuous assessment (30%) and summative assessment (70%). Continuous assessment includes theory tests, practical assignments, and a yearly project. Summative assessment consists of three papers: multiple choice, structured questions, and problem-solving. 20-25% of the summative assessment focuses on Cost and Management Accounting.