Grade 11 Accounting Lessons

Video Description
Lesson 1: Bank Reconciliation
In this lesson we focus on Bank Reconciliation. We unpack the purpose of bank reconciliation, prepare a bank reconciliation statement as well as update the bank account in the general ledger based on information that is extracted from a bank statement. - See more at: http://learn.mindset.co.za/resources/accounting/grade-11/reconciliations/learn-xtra-lessons/bank-reconciliation#sthash.RwWL2lAh.dpuf
Lesson 2: Creditors Reconciliation
In this lesson we focus on Creditors' Reconciliation. We understand the need for a creditors' reconciliation. We look at the similarities between creditors' reconciliation and bank reconciliation. We prepare a creditors' reconciliation statement. Finally, we update the Creditors Control account in the general ledger.
Lesson 3: Acquisition and Depreciation of Assets
In this lesson we focus on Acquisition and Depreciation Calculations. In this lesson we will cover the following: Definitions of tangible assets, depreciation calculations, recording tangible assets purchased as well as the tangible asset note.
Lesson 4: Asset Disposal
In this lesson we focus on Asset Disposal. We look at the concept of asset disposal. We discuss disposing an asset at the beginning, during and the end of the financial year as well as the various general ledger accounts affected. Finally, we focus on the tangible asset note.
Lesson 5: Partnerships: Ledger Accounts
In this lesson on Partnerships: Ledger Accounts we focus on: The difference between the current account and the capital account for each partner in a partnership. We look at the need for a separate capital, current and drawings account for each partner in a partnership. We consider the difference between primary and secondary distributions of profit in a partnership. We look at how to complete the following ledger accounts in a partnership: Capital accounts, current accounts, drawings accounts, salaries accounts, bonus account, interest on capital account and finally the appropriation account.
Lesson 6: Partnerships: Income Statement & Balance Sheet 1
In this lesson we Partnerships: Income Statement & Balance Sheet we focus on: Preparing an income statement for a partnership, preparing a balance sheet for a partnership as well as recording end-of-year adjustments.
Lesson 7: Partnerships: Income Statement & Balance Sheet 2
In this lesson we continue with Partnerships: Income Statement & Balance Sheet. We focus on: Preparing an income statement for a partnership, preparing a balance sheet for a partnership as well as recording end-of-year adjustments.
Lesson 8: Partnerships: Interpretation of Financials
In this lesson on Partnerships: Interpretation of Financials we focus on: The need to analyse a partnership financial statement, the various categories of ratios, being able to comment on the financial position of a business as well as making informed decisions on whether or not to invest in a partnership.
Lesson 9: Cash Budgets
In this lesson we focus on Cash Budgets. We discuss the need for a cash budget and how it can be used as a planning tool. We look at what types of items are included in a cash budget. We draw up a debtor's collection schedule. We analyse a cash budget and provide advice to a business owner. Finally, we perfom calculations to calculate missing figures in a cash budget.