FET – Further Education and Training

Accounting, Business Studies, Economics




  • About financial information and transactions, and the compilation, analysis and interpretation of financial statements and managerial reports.
  • Equips one to make informed financial decisions in business and social contexts.
  • 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.
  • The three main topics and corresponding topics in Accounting curriculum.
    • Weighting of curriculum Topic Financial Accounting (weighting 50% to 60%)
  • Accounting concepts
  • GAAP principles
  • Bookkeeping
  • Accounting equation
  • Final accounts and financial statements
  • Salaries and wages
  • Value-Added Tax
  • Reconciliations
    • Managerial Accounting (weighting 20% to 25%)
  • Cost accounting
  • Budgeting
    • Managing Resources (weighting 20% to 25%)
  • Indigenous bookkeeping systems
  • Fixed assets
  • Inventory
  • Ethics
  • Internal control





Business Studies

Investigates how formal and informal enterprises can be managed to achieve profit and other objectives and how these enterprises can contribute to economic growth.

  • Equips one for informed, productive, ethical and responsible participation in the formal and informal economic sectors.
  • The subject Business Studies deals with the knowledge, skills, attitudes and values critical for informed, productive, ethical and responsible participation in the formal and informal economic sectors.
  • The subject encompasses business principles, theory and practice that underpin the development of entrepreneurial initiatives, sustainable enterprises and economic growth.
  • The four main topics and corresponding topics in the Business Studies Curriculum.
    • Topic Business environment (weighting 25%)
      • Micro, market and macro environments
      • Business sectors
      • Contemporary socioeconomic issues
      • Business venture (weighting 25%)
        • Entrepreneurship Business opportunity and related factors Business Plan
        • Management and Leadership Forms of ownership
        • Setting up a business Contracts Business location Investment: securities and insurance
        • Presentation of business information
        • Business role (weighting 25%)
          • Creative thinking and problem-solving
          • Self-management, professionalism and ethics Human rights, inclusivity and environmental issues.
          • Social Responsibility Stress, crisis, change and conflict management
          • Relationship and team performance
          • Business operation (weighting 25%)
            • Business functions Quality of performance







  • Economics is the study of how individuals, businesses, governments and other organisations within our society choose to use scarce resources to satisfy their numerous needs and wants in a manner that is efficient, equitable and sustainable.
  • The four main topics and corresponding topics in the Economics curriculum.
    • Weighting of curriculum Topic Macroeconomics (Weighting 25%)
    • Economics: basic concepts
    • Basic economic problem
    • Circular flow
    • Quantitative elements
    • Economic systems
    • Business cycles
  • Microeconomics (Weighting 25%)
    • Dynamics of markets
    • Public sector intervention and composition of the RSA economy
  • Economic pursuits (Weighting 25%)
    • Economic growth and development
    • Money and banking
    • Population and labour force
    • Labour market
    • Redress since 1994
  • Contemporary economic issues (Weighting 25%)
    • Unemployment
    • Labour relations
    • Globalisation
    • Inflation
    • Tourism
    • Poverty
    • Other economic issues and quantitative elements of economics




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