TVET FIRST
Introductory Financial Accoun ng N4
This document includes important informa on about the revised curriculum for Introductory Financial Accoun ng N4. In the le hand column we explain what has changed from the old curriculum to the new, and in the right hand column we list the new content and tell TVET First users where they can find the relevant content in our book, TVET Introductory Financial Accoun ng N4. Page numbers refer to the TVET First Student’s Book. Implementa on is scheduled for 2021. Major changes from the previous curriculum:
New content on:
BRAND NEW CONTENT: Module 1: added to LO 1.2 Forms of ownership: Ac vi es of organisa ons
LO 1.2.4 Ac vi es of organisa ons Service ac vi es Trading ac vi es Manufacturing ac vi es Ac vi es with no profit mo ve (See SB page 16)
Module 3: added to LO 3.5 Payment methods now include Electronic Funds Transfer (EFT), Debit card slips, Credit card slips, Withdrawal slips, in addi on to the old content on cheques. These methods of payment are applied throughout the rest of the book.
LO 3.5.3 Payment methods • Electronic Funds Transfer (EFT) • Debit card slip • Credit card slip • Cheque • Withdrawal slip See pages 37–39 for the introduc on to the new source documents linked to this outcome change, and pages 47–56 for the new content on payment methods. Also see pages 120–124 for some examples of how these changes to the curriculum apply to the rest of the book.
Module 8: Bank reconcilia on NEW LO 8.3.1 Outstanding payments (EFT)
LO 8.3.1 Items on the journals but not in the bank statement • Outstanding deposits (same as old curriculum) • Outstanding payments (EFT) (NEW: See page 184) • Outstanding cheques (same as old curriculum)
Con nued 115
