On this page you will find Accounting Grade 12 Exam Guidelines Scope for 2025 final exams.
The guidelines are for both Paper 1 and Paper 2, and they give you the full scope that will be very useful when you write your Accounting Grade 12 Paper 1 on Monday, 27 October 2025 and Paper 2 on Tuesday, 4 November 2025. This outline comes directly from the Department of Basic Education’s CAPS curriculum, so learners can prepare with confidence and know exactly what to expect in the November examinations.
Accounting Grade 12 Exam Guidelines Scope 2025 – What to Expect
The Accounting Grade 12 Exam Guidelines for 2025 are divided into two major papers. Paper 1 is mainly focused on Financial Reporting and Evaluation, while Paper 2 covers Managerial Accounting, Internal Auditing, and Control. Both papers test your ability to apply concepts, interpret information, and show a clear understanding of financial management principles.
Paper 1 – Financial Reporting & Evaluation
Paper 1 will be written on Monday, 27 October 2025. This paper requires learners to focus on the financial performance of companies. Expect questions on ledger accounts, adjustments, preparation of financial statements, and interpretation of published reports. You will need to apply accounting concepts and show analysis skills using financial indicators.
Scope for Paper 1 includes:
- Concepts relating to companies, GAAP, and IFRS.
- Unique ledger accounts of companies and the accounting equation.
- Adjustments, trial balances, valuation of fixed assets, depreciation, disposal, and inventory valuation (FIFO, Weighted Average, Specific Identification).
- Preparation of Income Statement, Balance Sheet with notes, and Cash Flow Statement.
- Analysis and interpretation of financial statements and published audit reports.
- Ethical behaviour, corporate governance, legislation governing companies, and codes of conduct.
Financial indicators tested in Paper 1:
Gross profit on sales; Gross profit on cost of sales; Net profit on sales; Operating expenses on sales; Operating profit on sales; Current ratio; Acid-test ratio; Stock turnover rate; Stockholding period; Average debtors’ collection period; Average creditors’ payment period; Solvency ratio; Debt-equity ratio (gearing); Return on shareholders’ equity; Return on total capital employed; Net asset value per share; Dividends per share; Earnings per share; Dividend pay-out rate.
Paper 2 – Managerial Accounting, Internal Auditing & Control
Paper 2 will be written on Tuesday, 4 November 2025. This paper focuses on costing, budgeting, reconciliations, and internal control. You must be ready to handle problem-solving and calculations linked to business decision-making.
Scope for Paper 2 includes:
- Bank, debtors, and creditors reconciliations with age analysis.
- VAT calculations (input, output).
- Manufacturing concepts, cost statements, short-form income statements, and notes.
- Analysis of cost information, unit costs, and break-even point.
- Cash Budgets and Projected Income Statements for both sole traders and companies.
- Internal control and audit processes for cash, assets, inventories, creditors, and expenses.
- Recording and control of fixed assets including depreciation and disposals.
- Perpetual and periodic stock systems and valuation of inventories.
- Ethical behaviour in financial environments.
Financial indicators tested in Paper 2:
Gross profit on cost of sales; Net profit on sales; Operating expenses on sales; Operating profit on sales; Stock turnover rate; Stockholding period; Average debtors’ collection period; Average creditors’ payment period; Break-even point.
Conclusion
The Accounting Grade 12 Exam Guidelines Scope for 2025 is designed to make sure learners are prepared for both Paper 1 on 27 October 2025 and Paper 2 on 4 November 2025. Paper 1 will test your knowledge of company financial statements and evaluation, while Paper 2 will push your skills in managerial accounting, costing, and control systems. To succeed in the November 2025 final exams, use this scope to guide your revision, practise with past papers, and focus on applying financial indicators. With the right preparation, you can approach the Accounting exams with confidence and aim for top marks.
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