Accounting Grade 12 Task 1 SBA Written Report 2024 Guide

Accounting Grade 12 Task 1 SBA Written Report 2024 Guide.

Guide to Completing the Accounting Grade 12 Task 1 SBA Written Report 2024

The Accounting Grade 12 Task 1 School-Based Assessment (SBA) for the year 2024 offers a comprehensive platform for learners to delve into the practical aspects of accounting within the corporate environment. This task is designed to assess learners’ understanding and application of accounting principles, specifically focusing on reporting on public companies listed on the Johannesburg Stock Exchange (JSE) and evaluating internal audit procedures and controls. This guide provides detailed insights and structured guidance to assist students in successfully completing this task and achieving a high level of proficiency in their submissions.

Overview of Task 1:

Task A: Reporting on Companies (20 marks)

This task is divided into two parts, each aimed at evaluating different competencies within the field of accounting:

Part A: Report on a Public Company Listed on the JSE
Part B: Internal Auditor’s Report on Procedures and Internal Controls in a Public Company

Part A: Report on a Public Company Listed on the JSE

In this section, students are required to select a public company listed on the Johannesburg Stock Exchange and prepare a detailed report. This report should cover the company’s financial health, performance, and governance based on its publicly available financial statements and other relevant disclosures. The focus should be on analyzing key financial ratios, trends over recent financial periods, and the company’s position within its industry sector.

Part B: Internal Auditor’s Report on Procedures and Internal Controls

In the second part, students are tasked with drafting an internal auditor’s report focusing on the evaluation of procedures and internal controls within the chosen public company. This report should assess the effectiveness of the company’s internal controls, risk management practices, and compliance with regulatory standards.

Completing the SBA Written Report:

Structure: Ensure that your report is well-structured, with a clear introduction, body, and conclusion. Use headings and subheadings to organize your content logically.
Evidence: Support your analysis and conclusions with evidence from the company’s financial reports, auditor’s statements, and other credible sources.
Clarity and Conciseness: Write clearly and concisely, avoiding unnecessary jargon. Your report should be accessible to readers with a basic understanding of accounting principles.
Referencing: Properly cite all sources of information using a recognized citation style to ensure academic integrity.