GRADE 12 ACCOUNTING
BANK RECONCILIATION
, B A S I C I N F O R M AT I O N
•The topic Bank Reconciliation falls under Discipline 2 (Forecasting, Internal controls and Auditing) and
be assessed in Paper 2 in the Mid-year and Final examinations.
•2 weeks allocated for Reconciliations in the ATP
Extract from Diagnostic Report
2019
• This topic is generally pitched as an easy to medium question, but the process of completing the
reconciliation remains a problem for many candidates. This is a concern, as the basic application relevan
to this topic is covered in Grade 11 and this topic appeared in different ways in many past examination
papers.
EXTRACT CHIEF MARKERS’ REPORT
2017
• Preparing a bank reconciliation statement forms part of the Grade 11 syllabus. Grade 12 candidates are
expected to analyze and interpret the information presented. Examiners are presenting information in
different ways in order to be less predictable. They also introduce real-life examples such as EFTs
and internet banking, but educators tend to present information in the stereotypical formats found in
textbooks. Educators do not introduce learners to the current changes and trends in the real world.
•
, EXPECTED OUTCOMES
EXPECTATIONS:
Clear understanding of concepts and principles relating to ba
reconciliation.
Identify errors and omissions and take the appropriate action
deal with them.
Draw up Bank Reconciliation Statement
Integrate internal control process and ethics where relevant.
Provide practical examples from real-life situations
BANK RECONCILIATION
, B A S I C I N F O R M AT I O N
•The topic Bank Reconciliation falls under Discipline 2 (Forecasting, Internal controls and Auditing) and
be assessed in Paper 2 in the Mid-year and Final examinations.
•2 weeks allocated for Reconciliations in the ATP
Extract from Diagnostic Report
2019
• This topic is generally pitched as an easy to medium question, but the process of completing the
reconciliation remains a problem for many candidates. This is a concern, as the basic application relevan
to this topic is covered in Grade 11 and this topic appeared in different ways in many past examination
papers.
EXTRACT CHIEF MARKERS’ REPORT
2017
• Preparing a bank reconciliation statement forms part of the Grade 11 syllabus. Grade 12 candidates are
expected to analyze and interpret the information presented. Examiners are presenting information in
different ways in order to be less predictable. They also introduce real-life examples such as EFTs
and internet banking, but educators tend to present information in the stereotypical formats found in
textbooks. Educators do not introduce learners to the current changes and trends in the real world.
•
, EXPECTED OUTCOMES
EXPECTATIONS:
Clear understanding of concepts and principles relating to ba
reconciliation.
Identify errors and omissions and take the appropriate action
deal with them.
Draw up Bank Reconciliation Statement
Integrate internal control process and ethics where relevant.
Provide practical examples from real-life situations
