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TOPIC
FORMAL ASSESSMENT PROGRAMME – GRADE 8 EMS 2024
PORTFOLIO
ASSESSMENT
ASSESSMENT STANDARDS
TASKS
TERM 1 – 11 WEEKS
Revision of Grade 7 (1
week)
1.1 The Economy
1.2 Needs and Wants
THE ECONOMY:
Government
(2 weeks)
THE ECONOMY:
National Budget
(2 weeks)
2.1 Different levels in the South African
Government
2.2 Roles of the different levels of Government
3.1 National / Government Budget
3.1.1 Government Expenditure
3.1.2 Revenue for the Government
Direct Taxes
Indirect Taxes
3.1.3 Influence of National budget on growth and
redressing economic inequalities
4.1 Lifestyles
4.2 Self-sufficient Societies
4.3 Impact of development on the Environment
4.4 Sustainable Living
4.5 Unemployment
THE ECONOMY:
Standard of Living
(3 weeks)
FINANCIAL LITERACY:
Accounting Concepts
(1 weeks)
5.1 Sole Trader, Debit, Credit, Capital,
Owner’s Equity, Income, Expenses, Profit,
losses, transactions, liability, assets,
banking, cash receipts, cash payments,
subsidiary journals, accounting equation.
FINANCIAL LITERACY:
Source documents
(1 weeks)
6.1 Source documents for Incoming
transactions
6.2 Source documents for outgoing
transactions
TERM 2 – 11 WEEKS
7.1 Transactions, Source documents,
subsidiary journals, general Ledger
7.1.2 Trial Balance
7.1.2 Income statement
7.1 3 Balance Sheet
8.1 Cash transactions on the accounting
equation (Assets= Owners equity +liability)
FINANCIAL LITERACY:
Overview of the
accounting cycle
(1 weeks)
FINANCIAL LITERACY:
Accounting Equation
(1 weeks)
FINANCIAL LITERACY:
Cash receipt Journal
(4 weeks)
9.1 Concepts of CRJ
9.1.1Formats and uses of columns in CRJ
9.1.2 Documents used to complete CRJ
Task 1: Data Response (50
marks)
(Date: 5 March – 9 March)
(Tool: Marking Memo)
Task 2: Control Test ( 50
marks)
(Date: 24 March – 28 March)
(Tool: Marking Memo)
Task 3: June Examination
Paper 1 : financial
literacy ( 50 marks)
Paper 2 : The
Economy (25 marks)
Entrepreneurship (25
marks)
(Date: 17 - 27 June)
(Tool: Marking Memo)
9.2 Entering cash transactions in the CRJ
9.3 Effect of cash transactions on the accounting
equation
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ENTREPRENEURSHIP:
Factors of Production
(1 weeks)
10.1 Capital (borrowed and own)
10.2 Labour( unskilled, semi-skilled, skilled labour)
10.3 Natural resources
10.4 Remuneration of factors of production
ENTREPRENEURSHIP:
Forms of ownership
11.1 Sole traders
11.2 Partnership
11.3. Private companies
11.4. Public companies
11.5 Role of forms of ownership in sustainable job
creation and use of natural resources
TERM 3 – 11 WEEKS
( 4 weeks)
Task 4: Case Study/Project
(50 marks)
(Date: 18 August – 26 Sept)
(Tool: Marking Memo)
FINANCIAL LITERACY:
Cash Payment Journal
(2 weeks)
12.1 Concept of CPJ
FINANCIAL LITERACY:
Accounting Equation
(2 weeks)
13.1 The effect of cash transactions of the
accounting equation
13.2 Entering combined transactions in the CRJ and
CPJ
14.1 Factor markets
THE ECONOMY: Markets
12.2 Formats and uses of the columns
12.3 Documents used to complete CPJ
( 2 weeks)
14.1.1 labour markets
14.1.2 financial markets
14.2 Types of Markets (Goods & Services
markets)
TERM 4 – 6 WEEKS
ENTREPRENEURSHIP :
Levels and functions of
management
(3 weeks)
15.1 Different levels of management
15.2 Management tasks(POLC)
15.3 Characteristics of good management
Task 5: Final Examination
Paper 1 : Financial
literacy (50 marks)
Paper 2 : The
Economy (25 marks)
Entrepreneurship (25
marks)
25 – 29 Nov
(Tool: Marking
Memo)
FINANCIAL LITERACY :
General Ledger
(2 weeks)
16.1 General Ledger
16.2 Double entry principle
16.3 Opening Ledger accounts
16.4 Record accounts in cash journals
16.5 Post to ledger
FINANCIAL LITERACY:
General Ledger and Trial
Balance
(1 weeks)
17.1 Trial Balance of a service business
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