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ACCOUNTING SYLLABUS
FORMS 5 - 6
2015 - 2022
ACKNOWLEDGEMENTS
The Ministry of Primary and Secondary Education wishes to acknowledge the following for their valued
contribution in the production of this syllabus:
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Accounting Syllabus Forms 5 - 6
CONTENTS
ACKNOWLEDGEMENTS....................................................................................................................i
CONTENTS..........................................................................................................................................ii
1.0 PREAMBLE.................................................................................................................................1
3.0 AIMS...............................................................................................................................................1
6.0 TOPICS..........................................................................................................................................2
FORM 5................................................................................................................................................12
FORM 6................................................................................................................................................20
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Accounting Syllabus Forms 5 - 6
This Accounting Syllabus is designed for form 5 and 6 • have Principles of Accounting and Mathematics
learners. Learners wishing to pursue Accounting at form passes at form 4
5 and 6 should have successfully completed Principles • are aware of the role of Accounting in organisa-
of Accounting at form 4. The syllabus helps to promote tions
the development of accounting skills in an indigenised • have acquired computer literacy skills
economy which foster attributes of investigation and
enquiry in learners. These attributes are critical elements 1.5 Cross - cutting themes
of a sound and vibrant business as they enhance
self-reliance and promote the use of Information and Accounting is a learning area that will encompass and
Communication Technology (ICT) tools in processing address the following cross cutting issues:
business transactions. This syllabus also acts as a
pathway for entry into tertiary education. • Enterprise
• ICT
1.2 Rationale • Financial literacy
• Team work
Zimbabwe’s indigenisation policy encourages learners • Gender equity
to apply enterprising skills and to create employment. • Children’s constitutional rights and responsibilities
The accounting concepts, policies and business ethics • Disaster risk management
will equip learners with a diverse knowledge to live in • Environmental issues
a changing economic and technological environment. • Guidance and counselling
The accounting syllabus seeks to inculcate the values • Unhu/Ubuntu/Vumunhu (norms and values)
of Unhu/Ubuntu/Vumunhu and also enables learners
to apply accounting knowledge and skills to provide
solutions to the challenges of the individual, community
2.0 PRESENTATION OF
and the world of business at large. It acts as a gateway SYLLABUS
to careers in such fields as teaching, bookkeeping,
auditing, accounting, banking and finance. The Form 5 and 6 Accounting syllabus is presented as a
single document. It is a two year learning area including
The Accounting syllabus enables learners to develop a competence matrix and a suggested list of resources
skills in: that can be used.
• Critical thinking
• Problem solving 3.0 AIMS
• Decision making
• Management The syllabus aims to enable learners to:
• Communication and team building
• Technology 3.1 develop the knowledge and skills of applying
accounting concepts, principles and practices.
3.2 exhibit competencies of planning, budgeting
1.3 Summary of Content
and management of financial resources.
3.3 acquire a critical and analytical approach to
The syllabus will cover financial accounting and reporting
examining and evaluating accounting policies
as well as cost and management accounting for different
and practices.
forms of organisations, using both manual and comput-
3.4 develop skills of communication, analysis,
erised systems.
interpretation and presentation of both quanti-
tative and qualitative accounting information.
3.5 appreciate the role of accounting in business.
3.6 design and evaluate a project and make in-
formed decisions.
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3.7 apply self-respect and respect for others 5.1.2 Time Allocation
(Unhu/Ubuntu/Vumunhu) when performing
business transactions. For the successful implementation of this syllabus,the
3.8 demonstrate proficiency in the use of ICT tools following time allocation is recommended; Form 5-6
in processing accounting data should be allocated at least 10 periods of 40 minutes
each week.
4.0 SYLLABUS OBJECTIVES
Learners should be able to: 6.0 TOPICS
4.1 explain accounting concepts, principles and TOPIC 1: FINANCIAL ACCOUNTING
practices TOPIC 2: FINANCIAL REPORTING
4.2 apply accounting concepts, principles, policies TOPIC 3: COST ACCOUNTING
and practices in preparing financial statements TOPIC 4: MANAGEMENT ACCOUNTING
4.3 demonstrate competencies of planning, bud-
geting and management of resources
4.4 present accounting information in an accurate,
orderly, clear and logical way
4.5 analyse and interpret financial statements
effectively for the benefit of users
4.6 communicate accounting information meaning-
fully to users
4.7 manage a project effectively
4.8 practice transparency in executing transactions
4.9 apply internal control systems
4.10 use ICT tools in recording and processing
accounting data
• Case studies
• Discussions
• Resource persons
• ICT
• Research
• Educational tours
• Problem based learning
• Cooperative learning
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8.0 COMPETENCY
FORM 5 MATRIX
FORM 5
TOPIC 1: FINANCIAL ACCOUNTING
TOPIC 1: FINANCIAL ACCOUNTING
Accounting explain the accounting The historical cost convention. Stating the accounting concepts. ICT tools
Concepts concepts The concept of money Discussing applications of the Published financial
apply accounting concepts in measurement. accounting concepts. statements
preparing financial The principle of substance Applying accounting concepts in Braille
statements over form. preparing financial statements.
The prudence concept. Presenting researched data on
The matching (accruals) accounting concepts.
concept. Analysing importance of the
The concept of materiality. accounting concepts in
The consistency concept. preparing financial statements.
The going concern concept.
The realisation concept.
Double entry up to explain the concept of double Accounts for expenses and Explaining the concept of double ICT tools
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Control demonstrate importance of Control accounts. Discussing importance of control ICT tools
Applications control applications in Adjustments to control applications. Accounting software
organisations accounts and personal Presenting researched data on Resource persons
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Valuation of state the provisions of Inventory valuation - IAS2 Outlining the meaning of ICT tools
Assets International Accounting - Inventory valuation basis: International Accounting Accounting software
Standard 2 Cost or net realisable Standard 2. Copies of International
outline the provisions of value. Outlining the meaning of Accounting Standards
International Accounting Valuation methods: International Accounting 2 and 16
Standard 16 - Perpetual and periodic Standard 16. Braille
explain inventory valuation - First in First Out (FIFO) Explaining methods used to
methods - Weighted Average Cost value inventory
explain non-current assets (AVCO). Computing the value of
valuation methods Non-current assets valuation inventory.
calculate the value of IAS16. Comparing inventory valuation
inventory Non-current assets valuation methods.
calculate the value of non- methods Calculating the value of non-
current assets - Replacement cost current assets.
- Disposal or exit value (Net
realisable value) .
Financial identify financial statements Statements of profit and loss Identifying financial statements ICT Tools
statements that are prepared for sole and other comprehensive that are prepared for sole Published financial
proprietors, partnerships, income for sole proprietors, proprietors, partnerships and statement
and companies which may partnerships and companies companies which may be small Braille
be small to medium scale which may be small to medium to medium scale enterprises or
enterprises or large scale enterprises or large large businesses.
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Incomplete calculate missing figures Statements of affairs. Calculating missing figures using
Records using relevant ratios and Statements of profit and loss relevant ratios and ledger ICT tools
Accounting ledger accounts and other comprehensive accounts. Resource persons
calculate capital using income. Calculating capital using Braille
statements of affairs Profit estimation. statements of affairs.
calculate profit or loss using Statements of financial Calculating profit using the
the accounting equation position. accounting equation.
prepare statements of profit Preparing statements of profit
and loss and other and loss and other
comprehensive income comprehensive income.
prepare statements of Preparing statements of financial
financial position position.
Visiting small to medium
enterprises.
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Business explain business purchase Company taking over sole Explaining business purchase. Resource persons
Purchase record accounting entries to proprietor or partnerships Recording entries to close the Braille
close books of businesses which may be small to medium books of businesses taken ICT tools
taken over scale enterprises or large over.
record accounting entries for businesses. Recording accounting entries for
purchase by cash, issue of Business purchase accounts. purchase by cash, issue of
shares and loan notes Journal entries . shares and loan notes.
calculate goodwill Statements of financial Calculating goodwill.
prepare business purchase position after purchase. Preparing business purchase
accounts accounts.
prepare statements of Preparing statements of financial
financial position after the position after the business
business purchase purchase.
Sources of capital list types of shares Types of shares: Explaining sources of capital. ICT tools
differentiate loan notes from - Ordinary Distinguishing types of shares. Print media
convertible loan stock - Preference Differentiating loan notes from Braille
describe advantages and - Redeemable ordinary convertible loan stock. Resource persons
disadvantages of various - Redeemable Describing advantages and
sources of capital preference. disadvantages of various
Loan notes (loan capital): sources of capital.
- Redeemable
- Irredeemable.
Convertible loan stock.
Advantages and
disadvantages of various
sources of capital.
Further explain reasons for Partnership changes. Discussing reasons for ICT tools
considerations in partnership changes Goodwill and revaluation of partnership changes. Resource persons
Partnership account for changes in a assets. Preparing journal entries and Braille
Accounting partnerships Financial statements. capital accounts to show effects
prepare capital and current Partnership. dissolutions. of partnership changes.
accounts to reflect changes Realisation accounts. Drawing up revaluation
of goodwill and revaluation of Capital and current accounts. accounts.
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Departmental apportion expenses and Costs and ancillary income. Apportioning expenses to ICT tools
Accounting ancillary incomes to Departmental statements of departments using appropriate Resource persons
departments using profit and loss and other bases. Braille
appropriate bases comprehensive income. Drafting departmental
prepare departmental statements of profit and loss and
statements of profit and loss other comprehensive income.
and other comprehensive
income
draft statements of financial Statements of financial Preparing statements of financial
position position. position.
Non-Profit making state sources of income for Sources of income: Discussing sources of income Resource persons
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FORM 6
FORM 6
1: FINANCIAL
TOPIC TOPIC ACCOUNTING
1: FINANCIAL ACCOUNTING
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Marginal Costing value inventory using Closing inventory. Valuing inventory using ICT tools
marginal costing Contribution. marginal costing. Graphs
prepare profit The profit statements. Preparing profit statements. Braille
statements based on Reconciliation of absorption .and
marginal costing marginal profits.
explain differences The differences between marginal and Explaining differences
between marginal and absorption costing. between marginal costing
absorption costing Margin of safety. and absorption costing.
calculate contribution Contribution to sales ratio.
of products Short run decision making.
apply marginal costing Cost-volume-profit analysis. Calculating contribution of
techniques to make products.
tactical or operational
decisions
use contribution to Applying marginal costing
sales ratio to calculate techniques in decision
profits or losses at making.
various activity levels Calculating and interpreting
calculate and interpret margin of safety.
margin of safety
reconcile profits Reconciling profit calculated
calculated using on marginal and absorption
absorption and basis.
marginal costing
Job and Batch explain elements of job Elements of job and batch costing. Explaining elements of job ICT Tools
Costing and batch costing Prime cost of a job or a batch. and batch costing.
calculate costs and Absorption of overheads into a job or a Determining overheads
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9.1 Assessment
9.0 SCHEME OF ASSESSMENT
Accounting will be assessed using continuous and summative assessment. The syllabus scheme of assessment is
grounded on the principle of inclusivity. Arrangements, accommodations and modifications should be visible in both
9.1 Assessment
continuous
Accountingand
willsummative assessments
be assessed to enable
using continuous candidates assessment.
and summative with special needs to access
The syllabus assessments
scheme and receive
of assessment is grounded on the
accurate performance
Arrangements, measurement
accommodations andofmodifications
their abilities.should
Accessbearrangements
visible in bothmust neither and
continuous give summative
these learners an undue to enable ca
assessments
needs to access
advantage assessments
over others and receive
nor compromise the accurate
standards performance measurement of their abilities. Access arrangements must neither
being assessed.
undue advantage over others nor compromise the standards being assessed.
9.2
9.2 Assessment objectives
Assessment objectives
Bythe
By theend
endofofform
form55and
and6,
6,accounting
accounting learners
learners should
should be
be able
ableto:
to:
Continuous 30%
Summative 70%
TOTAL 100%
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TOTAL 30%
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Skill guide
Skill guide
Skill 1: Candidates
Skill are expected
1: Candidates to demonstrate
are expected knowledge
to demonstrate and understanding
knowledge of accounting
and understanding concepts
of accounting and principles
concepts and apply
and principles
them in preparing financial statements and reports
and apply
Skill 2: Candidates are expected to select, order, analyse and present information in an appropriate accounting form
them
Skill 3: in preparing
Candidates financial statements
are expected and reports
to present reasoned explanations, make decisions, recommendations and judgements
Skill 2: Candidates
based on are expected
accounting to select, order,
information analyse and present information in an appropriate accounting form
and principles.
Skill 3: Candidates are expected to present reasoned explanations, make decisions, recommendations and judge-
ments based on accounting information and principles.
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Profile
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Exit Profile
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