Educare Tutorials

𝐌𝐨𝐝𝐮𝐥𝐞: 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠

𝐓𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭 𝐨𝐟 𝐏𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧 𝐟𝐨𝐫 𝐁𝐚𝐝 𝐃𝐞𝐛𝐭𝐬 (𝐀𝐥𝐥𝐨𝐰𝐚𝐧𝐜𝐞 𝐟𝐨𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐋𝐨𝐬𝐬𝐞𝐬

𝐀 𝐩𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧 𝐟𝐨𝐫 𝐛𝐚𝐝 𝐝𝐞𝐛𝐭𝐬 𝐢𝐬 𝐚𝐧 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞 𝐨𝐟 𝐫𝐞𝐜𝐞𝐢𝐯𝐚𝐛𝐥𝐞𝐬 𝐭𝐡𝐚𝐭 𝐦𝐚𝐲 𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐥𝐥𝐞𝐜𝐭𝐞𝐝. 𝐈𝐭 𝐚𝐩𝐩𝐥𝐢𝐞𝐬 𝐭𝐡𝐞 𝐩𝐫𝐮𝐝𝐞𝐧𝐜𝐞 (𝐜𝐨𝐧𝐬𝐞𝐫𝐯𝐚𝐭𝐢𝐬𝐦) 𝐜𝐨𝐧𝐜𝐞𝐩𝐭 𝐭𝐡𝐚𝐭 𝐚 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐨𝐯𝐞𝐫𝐬𝐭𝐚𝐭𝐞 𝐚𝐬𝐬𝐞𝐭𝐬 𝐨𝐫 𝐢𝐧𝐜𝐨𝐦𝐞. Although debtors pay their accounts well, a provision for bad debts should nevertheless be made, for in case one debtor falls behind.

𝐓𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭𝐬

𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧 (𝐁𝐚𝐥𝐚𝐧𝐜𝐞 𝐒𝐡𝐞𝐞𝐭) :𝐈𝐭 𝐢𝐬 𝐬𝐡𝐨𝐰𝐧 𝐚𝐬 𝐚 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 𝐓𝐫𝐚𝐝𝐞 𝐑𝐞𝐜𝐞𝐢𝐯𝐚𝐛𝐥𝐞𝐬 𝐚𝐬 𝐬𝐡𝐨𝐰𝐧 𝐛𝐞𝐥𝐨𝐰:

Trade receivables # # #
Less: Provision for bad debts ( # # #)
𝐍𝐞𝐭 𝐫𝐞𝐜𝐞𝐢𝐯𝐚𝐛𝐥𝐞𝐬 𝐗𝐗𝐗

𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐏𝐫𝐨𝐟𝐢𝐭 𝐨𝐫 𝐋𝐨𝐬𝐬

𝐎𝐧𝐥𝐲 𝐭𝐡𝐞 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐨𝐫 𝐝𝐞𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐩𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐲𝐞𝐚𝐫 𝐚𝐟𝐟𝐞𝐜𝐭𝐬 𝐩𝐫𝐨𝐟𝐢𝐭.

𝐏𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧 𝐟𝐨𝐫 𝐛𝐚𝐝 𝐝𝐞𝐛𝐭𝐬 (𝐞𝐱𝐩𝐞𝐧𝐬𝐞) is the prediction that debtors that can become bad in the future, will be MORE than the previous year

𝐄𝐱𝐚𝐦𝐩𝐥𝐞: 𝐁𝐚𝐥𝐚𝐧𝐜𝐞 𝐨𝐧 𝟐𝟖 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒, 𝐭𝐡𝐞 𝐥𝐚𝐬𝐭 𝐝𝐚𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐲𝐞𝐚𝐫:

𝐃𝐞𝐛𝐭𝐨𝐫𝐬 𝐜𝐨𝐧𝐭𝐫𝐨𝐥 R19 860
𝐏𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧 𝐟𝐨𝐫 𝐛𝐚𝐝 𝐝𝐞𝐛𝐭𝐬 R 903

𝐀𝐝𝐣𝐮𝐬𝐭𝐦𝐞𝐧𝐭: Provision for bad debts must be adjusted to 5% of the outstanding debtors.

𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧: 5/100 x R19 860 =R993

𝐓𝐡𝐞 𝐏𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧 𝐟𝐨𝐫 𝐛𝐚𝐝 𝐝𝐞𝐛𝐭𝐬 𝐰𝐚𝐬 𝐨𝐧𝐥𝐲 𝐑𝟗𝟎𝟑 𝐰𝐡𝐢𝐜𝐡 𝐢𝐬 𝐥𝐞𝐬𝐬 𝐭𝐡𝐚𝐧 𝐭𝐡𝐞 𝐑𝟗𝟗𝟑, 𝐬𝐨 𝐢𝐭 𝐡𝐚𝐬 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐰𝐢𝐭𝐡 𝐑𝟗𝟎 (𝐑𝟗𝟗𝟑 – 𝐑𝟗𝟎𝟑).

𝐆𝐉: 𝐃𝐫 Provision for bad debts adjustment(P & L), R90
𝐂𝐫 Provision for bad debts, R90

𝐅𝐨𝐫 𝐡𝐢𝐠𝐡-𝐪𝐮𝐚𝐥𝐢𝐭𝐲 𝐭𝐮𝐭𝐨𝐫𝐢𝐚𝐥𝐬, 𝐚𝐬𝐬𝐢𝐠𝐧𝐦𝐞𝐧𝐭 𝐚𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞, 𝐚𝐧𝐝 𝐭𝐡𝐨𝐫𝐨𝐮𝐠𝐡 𝐞𝐱𝐚𝐦 𝐩𝐫𝐞𝐩𝐚𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠, 𝐀𝐮𝐝𝐢𝐭𝐢𝐧𝐠, 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜𝐬, 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬, 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐬𝐢𝐦𝐢𝐥𝐚𝐫 𝐬𝐮𝐛𝐣𝐞𝐜𝐭𝐬 — 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞: +𝟐𝟕𝟔𝟗 𝟏𝟕𝟓 𝟖𝟒𝟓𝟕 (𝐜𝐚𝐥𝐥 𝐨𝐫 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩)!

𝐅𝐨𝐥𝐥𝐨𝐰 𝐄𝐝𝐮𝐜𝐚𝐫𝐞 𝐓𝐮𝐭𝐨𝐫𝐢𝐚𝐥𝐬 𝐨𝐧 𝐨𝐮𝐫 𝐅𝐁 𝐩𝐚𝐠𝐞:
https://web.facebook.com/profile.php?id=100090473963332

Hello students, I am an experienced, detail-oriented professional tutor with a solid 15 years of experience instilling confidence in high school, college and university students. Dedicated to empowering students with constructive feedback and practical test-taking strategies. Effective educator and team player whether working in contact sessions or online setting. Active listener committed to helping students overcome academic challenges to reach their personal goals.
𝐈 𝐚𝐦 𝐚𝐧 𝐞𝐱𝐩𝐞𝐫𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐦𝐨𝐝𝐮𝐥𝐞𝐬:
• Accounting
• Auditing
• Business Communication
• Business Management
• Corporate Strategy
• Economics
• Financial Management
• Human Resources Development
• Information and Knowledge Management
• Logistics
• Marketing Management
• Operations Management
• Organizational Behaviour
• Project Management
• Risk Management
• Statistics
• Strategic Management
• Supply Chain Management
• Taxation

𝐅𝐨𝐫 𝐭𝐮𝐭𝐨𝐫𝐢𝐚𝐥𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐚𝐬𝐬𝐢𝐠𝐧𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐞𝐱𝐚𝐦 𝐩𝐫𝐞𝐩𝐚𝐫𝐚𝐭𝐢𝐨𝐧, 𝐜𝐚𝐥𝐥/𝐚𝐩𝐩 𝐦𝐞: 𝟎𝟔𝟗𝟏𝟕𝟓𝟖𝟒𝟓𝟕!

𝐃𝐞𝐚𝐫 𝐕𝐚𝐥𝐮𝐞𝐝 𝐒𝐭𝐮𝐝𝐞𝐧𝐭𝐬 & 𝐏𝐚𝐫𝐞𝐧𝐭𝐬,

𝐀 𝐯𝐞𝐫𝐲 𝐰𝐚𝐫𝐦 𝐰𝐞𝐥𝐜𝐨𝐦𝐞 𝐭𝐨 𝐄𝐝𝐮𝐜𝐚𝐫𝐞 𝐓𝐮𝐭𝐨𝐫𝐢𝐚𝐥𝐬 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐞𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐧𝐞𝐰 𝐲𝐞𝐚𝐫 – 𝟐𝟎𝟐𝟔!

As we step into a fresh chapter filled with new possibilities, we are truly delighted to have you back with us. At Educare Tutorials, our mission remains unchanged: to provide personalised, high-quality tuition that unlocks every student's true potential, builds strong academic foundations, and inspires confidence for lifelong success.
This year promises to be even more special. Whether you're preparing for crucial school exams, tackling challenging subjects, catching up on gaps from previous terms, or aiming for top distinctions and future goals, our dedicated team of experienced tutors is here to support you every step of the way — with patience, clarity, encouragement, and proven teaching strategies tailored just for you.

𝟐𝟎𝟐𝟔 𝐢𝐬 𝐲𝐨𝐮𝐫 𝐲𝐞𝐚𝐫 𝐭𝐨:

•Master difficult concepts with ease
•Build rock-solid study habits
•Boost your marks and self-belief
•Enjoy learning again

We believe in you. We care about your progress. And we are fully committed to walking this journey together.

𝐂𝐥𝐚𝐬𝐬𝐞𝐬 𝐚𝐫𝐞 𝐫𝐞𝐬𝐮𝐦𝐢𝐧𝐠 𝐬𝐨𝐨𝐧, 𝐬𝐨 𝐤𝐢𝐧𝐝𝐥𝐲 𝐠𝐞𝐭 𝐢𝐧 𝐭𝐨𝐮𝐜𝐡 𝐰𝐢𝐭𝐡 𝐮𝐬 𝐜𝐚𝐥𝐥/𝐚𝐩𝐩: 𝟎𝟔𝟗𝟏𝟕𝟓𝟖𝟒𝟓𝟕!

𝐇𝐢𝐞 𝐒𝐭𝐮𝐝𝐞𝐧𝐭𝐬,

𝐄𝐱𝐚𝐦𝐬 𝐚𝐫𝐞 𝐚𝐫𝐨𝐮𝐧𝐝 𝐭𝐡𝐞 𝐜𝐨𝐫𝐧𝐞𝐫!𝐆𝐞𝐭 𝐞𝐱𝐩𝐞𝐫𝐭 𝐞𝐱𝐚𝐦 𝐜𝐨𝐚𝐜𝐡𝐢𝐧𝐠 & 𝐭𝐢𝐩𝐬 𝐢𝐧:

 Accounting
 Auditing
 Economics
 Financial Management
 Statistics
 Strategic Management
 Supply Chain Management
 Taxation & many more

𝐂𝐚𝐥𝐥/𝐀𝐩𝐩 𝟎𝟕𝟒 𝟖𝟐𝟐 𝟒𝟓𝟐𝟔 𝐟𝐨𝐫 𝐡𝐞𝐥𝐩 𝐭𝐨𝐝𝐚𝐲! 𝐆𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐏𝐚𝐬𝐬.

𝐌𝐨𝐝𝐮𝐥𝐞: 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠

𝐓𝐨𝐩𝐢𝐜: 𝐁𝐚𝐧𝐤 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧

𝐁𝐚𝐧𝐤 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧
Ever checked a company’s bank statement and wondered why the cashbook balance doesn’t match? That’s where bank reconciliation comes in!
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐁𝐚𝐧𝐤 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧?

It’s the process of comparing a company’s cashbook records (the internal records of cash transactions) with the bank statement to identify and correct any differences.

𝐖𝐡𝐲 𝐢𝐬 𝐢𝐭 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭?

✅ Detects errors and discrepancies (missing entries, duplicate transactions, incorrect amounts)

✅ Identifies bank charges and fees you might have overlooked

✅ Helps detect fraudulent transactions early

✅ Ensures accurate financial records for better decision-making

✅ Keeps a company’s audit-ready and compliant

𝐅𝐨𝐫 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠, 𝐀𝐮𝐝𝐢𝐭𝐢𝐧𝐠, 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲, 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜𝐬, 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝐚𝐧𝐝 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 𝐭𝐮𝐭𝐨𝐫𝐢𝐚𝐥𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐚𝐬𝐬𝐢𝐠𝐧𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐞𝐱𝐚𝐦 𝐩𝐫𝐞𝐩𝐚𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐩𝐩 𝐦𝐞 𝟎𝟕𝟒 𝟖𝟐𝟐 𝟒𝟓𝟐𝟔.

𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐨𝐧 𝐅𝐁 𝐩𝐚𝐠𝐞: https://web.facebook.com/profile.php?id=100090473963332