Class notes economic and management science (ems)

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,ECONOMIC AND MANAGEMENT SCIENCES
(EMS)

GRADE 8




KOKOI T.L. (SA – TMED)


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, INTRODUCTION
This manual provides Grade 8 teachers and learners with the followings
benefits:
- It has been developed using the amended EMS CAPS Document which is
supposed to be implemented at the beginning of the year 2020.
- It provides a clear structure with regard to time frames within which topics and
content must be covered and topics and content explained are in line with the
amended Annual Teaching Plan.
- Both amendments of Annual Teaching Plan and Programme of Assessment are
provided.
- Topics and content in this manual follow each other as in the amended Teaching
Plan.
- The manual provides definitions of concepts, discussions, tables, graphs and
pictures where necessary.
- It is user-friendly for teachers, learners and selected parents.
- Transactions of the same type especially in Financial Literacy, have not been
repeated to avoid fruitless time consumption.
- It also caters for learners who are ‘not so intelligent’.
- Both knowledge to be gained and skills to be developed have been catered for.
- Glossary (definitions of concepts) has been provided at the end of the manual,
arranged per term and per topic.


ACKNOWLEDGEMENTS

- My father (J.H. Kokoi) who ‘forced’ me to take the teaching profession and be
where and what I am to date.
- My former commercial subjects teachers and lecturers.
- My wife (Mantshadi/Mahlaetsi) who encouraged me to develop this manual.
- My colleagues in curriculum facilitation for their support and advises.
- National Government and National Department of Education for providing
legislation and Annual Teaching Plan and Programme of Assessment followed in
this manual respectively.
- All people who made the necessary contributions but not mentioned.
- Free State Department of Education for the emblem used on the cover page.
- If any copyright infringements have been made, the author is more than prepared
to correct any errors after being notified, even though that, that has been avoided
at all costs.
NOTE: IT IS ILLEAGAL TO PHOTOCOPY ANY PAGES FROM THIS BOOK FOR FINANCIAL GAINS WITHOUT WRITTEN PERMISSION OF THE AUTHOR.
PHOTOCOPYING SELECTED PAGES FOR EDUCATIONAL PURPOSES IS HIGHLY ACCEPTABLE AND ENCOURAGED FOR LEARNERS’ NOTES AND ASSESSMENT.




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, TOPICS and CONTENT
TERM 1

 GOVERNMENT (ECON) ……………………………………………………………... 7
 NATIONAL BUDGET (ECON) ………………………………………………………. 9
 STANDARD OF LIVING (ECON) …………….……………………………………. 14
 ACCOUNTING CONCEPTS (FIN. LIT.) ………………………………………….. 16
 SOURCE DOCUMENTS ……………………………………………………………. 18

TERM 2

 ACCOUNTING CYCLE (FIN. LIT.) ………………………………………………... 22
 ACCOUNTING EQUATION – Incomes (FIN. LIT.) ……………………………... 25
 CASH RECEIPTS JOURNAL (Service businesses) (FIN. LIT.) ……………... 26
 FACTORS OF PRODUCTION (ECON) …………………………………………... 30
 MARKETS (ECON) …………………………………………………………………. 32

TERM 3

 ACCOUNTING EQUATION – Payments (FIN. LIT.) …………………………… 34
 CASH RECEIPTS JOURNAL ……………………………………………………….35
 CASH PAYMENTS JOURNAL (Service businesses) (FIN. LIT.) ……………. 35
 COMBINED CRJ AND CPJ (FIN. LIT.) …………………………………………... 37
 FORMS OF OWNERSHIP (ENTREP) ……………………………………………. 39

TERM 4

 GENERAL LEDGER (FIN. LIT.) …………………………………………………… 44
 TRIAL BALANCE (FIN. LIT.) ………………………………………………………. 51
 MANAGEMENT FUNCTIONS (ENTREP) ……………………………………...… 52

ADDITIONAL

 NON-EXAMINABLE CONTENT …………………………………………………….55
 GLOSSARY ………………………………………………………………………….. 57




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