Accounting focuses on measuring performance and processing and communicating financial information about economic sectors. This discipline ensures that principles such as ethical behaviour, transparency and accountability are adhered to. It deals with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation and communication of financial statements and managerial reports for use by interested parties.

The subject encompasses accounting knowledge, skills and values that focus on the financial accounting, managerial accounting and auditing fields. These fields cover a broad spectrum of accounting concepts and skills to prepare learners for a variety of career opportunities.

Application

Accounting is a highly recommended subject for those pursuing further studies in economic and management sciences and is closely linked to numerous career paths such as accounting, auditing, economics, financial management, marketing, law, entrepreneurship, etc. Learning accounting principles at school can provide learners with valuable skills in managing their own finances, creating budgets, making informed financial decisions and in understanding how businesses handle their finances.

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