MAC4865
EXAM PACK
FOR ASSISTANCE WITH THIS MODULE +27 67 171 1739
, UNIVERSITY EXAMINATIONS
October/November 2025
UNISA san
MAC4865
Financial Strategy
100 Marks
Duration: 3 Hours
EXAMINATION PANEL AS APPOINTED BY THE DEPARTMENT
Use of a non-programable pocket calculator is permissible.
Closed book examination.
The examination question paper remains the property of the University of South Africa and may not
be distributed beyond its intended use for this examination.
Students are expected to familiarise themselves with the online examination rules before they
commence with their examinations.
You are not allowed to copy from or consult any sources. This includes but is not limited to your
study material, notes, the internet/websites, and artificial intelligence tools. You are also not allowed
to consult any third parties during the examination.
THIS PAPER CONSISTS OF SEVENTEEN (17) PAGES IN TOTAL.
THIS IS NOT AN OPEN BOOK EXAM! YOU ARE NOT ALLOWED TO CONSULT OR COPY FROM ANY
SOURCES. THE USE OF Al IS STRICTLY PROHIBITED!
EXAM QUESTION PAPER - INSTRUCTIONS:
Please note:
1. This paper consists of FOUR (4) questions, comprising 13 pages, as well as 3 tables (p. i - iii)
and formulae sheet (iv).
The Invigilator App is compulsory for this assessment/exam. (See page 2)
WD
You are strongly advised to carefully read the required before attempting the questions concerned.
All questions must be answered.
All calculations must be shown in detail (marks are awarded for calculations).
NOAA
Each question attempted, must commence on a new (separate) page.
Include (write/type) your student number in the document/answer file.
PROPOSED TIMETABLE / TIME ALLOCATION FOR THIS EXAM:
CONTENTS
QUESTION TOPIC MARKS TIME
Minutes
1 Multiple choice questions (MC Qs) — Covers various parts
; : 10 18
of Financial Strategy
2 Financial policy decisions and sources of long-term
24 43
funds
Financial risks and risk management 20 36
4 Business valuations 46 83
TOTAL 100 180
[CONFIDENTIAL] [TURN OVER]
, MAC4865
OCTOBER/NOVEMBER 2025
The Invigilator App
Please take note that the use of The Invigilator App is compulsory for this assessment/exam.
Please take note that The Invigilator App will request you take a picture of every page of your
answer sheet at the end of the assessment.
Please take note that this does NOT replace your formal answer file to “scan and upload” to your
Learning Management System (myExams). You must upload your answer file to myExams.
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
eEnsure you are connected to the internet in order to log YOUR EXAM QR CODE & EXAM
into the Invigilator App and scan this QR code. ACCESS CODE
elf you encounter difficulty in scanning the QR code, you
can alternatively enter the Exam Access Code below the a. [=]
QR code to start the invigilation.
elf you finish your assessment before the app timer has
run out you need to press the ‘Finish Assessment button
and follow instructions before you exit or minimise the
app.
eScan the QR code at the start time of the assessment. |
Note that you can only scan this QR code once.
eThe
your
Invigilator App
examination
will request you to take
script after the assessment.
follow the instructions on the app and take note that your
photos
Please
of
[my! rn
Exam Access Code: 2838b71f
F z=
academic institution still requires you to submit your .
script on the relevant portal.
eThe QR code is only scannable for a limited time and it should therefore be scanned as
soon as possible to start the invigilation.
eKeep the Invigilator App open on your smartphone for the full duration of the assessment. You
are not allowed to minimise or leave the app during your assessment.
e¢You must adhere to the assessment time limit communicated to you by your institution. The timer
displayed in the Invigilator may vary depending on the start time of invigilation.
FURTHER GUIDANCE
elf you only have one device you may access your assessment in the application by pressing the
‘Access Browser button in the top right corner of your app.
eOnce the QR code is scanned, ensure your media volume is turned up and place your
smartphone next to you.
eThe Invigilator App will notify you with a notification beep when you are required to action a photo
request, which you should then perform as soon as possible.
eVWe recommend that you keep your smartphone on charge for the duration of the assessment.
eEnsure you are connected to the internet when commencing invigilation. You also need to be
connected to the internet at the end of the assessment in order to upload the app data.
elf your assessment has multiple online sections, tests or attempts, you should NOT finish the
invigilation until your entire assessment has been completed.
eShould you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on
+27 (0)73 505 8273
Please refer to “The Invigilator App — Student User Guide — UNISA’ for more information.
[CONFIDENTIAL] Page 2 of 13 [TURN OVER]
, MAC4865
OCTOBER/NOVEMBER 2025
INSTRUCTIONS - ACCESS myEXAMS AND UPLOADING ANSWER FILES:
Follow these steps to access myExams and submit your take-home answer file.
Direct link to access the myExams portal (College of Accounting Sciences):
https://cas.myexams.unisa.ac.za/my/
Access the myExams portal and navigate to the module site and take-home assessment:
1. Go to the College of Accounting Sciences’ myExams portal
https://cas.myexams.unisa.ac.za/my/
2. Use your myUnisa email address and password to sign in.
3. Click on the myExams button in the header and select the module, MAC4865-25-EX10, for
which you need to complete the exam.
4. On the module’s exam page select the Take-Home assessment
MAC4865-Exam Oct/Nov 2025.
5. You can now review the assessment information and start.
Follow the steps below to complete and submit a Take-Home exam assessment:
1. Open the Take-Home assessment MAC4865-Exam Oct/Nov 2025.
2. Download the question paper and note any additional information provided, such as the
proctoring tool to be used.
Please take note that the use of The Invigilator App is compulsory for this exam. Failure to
use the application will result in your exam mark being retained/withheld.
Complete the Take-Home assessment in MS Word or on paper.
Note: MS Word documents need to be saved as PDF documents, and paper-based answers
must be scanned into a combined PDF document.
Note: Students must upload their answer scripts in a single PDF file.
When ready to submit, open the Take-Home assessment again and click on the Add
Submission button.
Note: You only get 10 minutes after the due time to submit your script on the Invigilator App
and 30 minutes on the myExams portal.
Note the file requirements such as:
a. File size limit.
b. Number of files that can be submitted.
c. File formats allowed.
Check the acknowledgement checkbox and upload your answers document and then click
on the Save changes button.
Remember that you are required to check/accept the submission statement.
The submission statement is the declaration of honesty, where you acknowledge that the
submission is your own work.
Review your submission information regarding the status and click on your submission file
link to check if it's correct.
If you need to resubmit a file, you can click on the Edit Submission button. Note: You will
need to delete any existing files.
NOTE: You must successfully submit your single PDF file before the submission cut-off time.
Please do not wait until the last minute to submit, instead, submit your file as soon as the three (3)
hours duration of the examination has passed. /f you do not successfully submit before the cut-off
time you will be marked as absent from the examination.
[CONFIDENTIAL] Page 3 of 13 [TURN OVER]
EXAM PACK
FOR ASSISTANCE WITH THIS MODULE +27 67 171 1739
, UNIVERSITY EXAMINATIONS
October/November 2025
UNISA san
MAC4865
Financial Strategy
100 Marks
Duration: 3 Hours
EXAMINATION PANEL AS APPOINTED BY THE DEPARTMENT
Use of a non-programable pocket calculator is permissible.
Closed book examination.
The examination question paper remains the property of the University of South Africa and may not
be distributed beyond its intended use for this examination.
Students are expected to familiarise themselves with the online examination rules before they
commence with their examinations.
You are not allowed to copy from or consult any sources. This includes but is not limited to your
study material, notes, the internet/websites, and artificial intelligence tools. You are also not allowed
to consult any third parties during the examination.
THIS PAPER CONSISTS OF SEVENTEEN (17) PAGES IN TOTAL.
THIS IS NOT AN OPEN BOOK EXAM! YOU ARE NOT ALLOWED TO CONSULT OR COPY FROM ANY
SOURCES. THE USE OF Al IS STRICTLY PROHIBITED!
EXAM QUESTION PAPER - INSTRUCTIONS:
Please note:
1. This paper consists of FOUR (4) questions, comprising 13 pages, as well as 3 tables (p. i - iii)
and formulae sheet (iv).
The Invigilator App is compulsory for this assessment/exam. (See page 2)
WD
You are strongly advised to carefully read the required before attempting the questions concerned.
All questions must be answered.
All calculations must be shown in detail (marks are awarded for calculations).
NOAA
Each question attempted, must commence on a new (separate) page.
Include (write/type) your student number in the document/answer file.
PROPOSED TIMETABLE / TIME ALLOCATION FOR THIS EXAM:
CONTENTS
QUESTION TOPIC MARKS TIME
Minutes
1 Multiple choice questions (MC Qs) — Covers various parts
; : 10 18
of Financial Strategy
2 Financial policy decisions and sources of long-term
24 43
funds
Financial risks and risk management 20 36
4 Business valuations 46 83
TOTAL 100 180
[CONFIDENTIAL] [TURN OVER]
, MAC4865
OCTOBER/NOVEMBER 2025
The Invigilator App
Please take note that the use of The Invigilator App is compulsory for this assessment/exam.
Please take note that The Invigilator App will request you take a picture of every page of your
answer sheet at the end of the assessment.
Please take note that this does NOT replace your formal answer file to “scan and upload” to your
Learning Management System (myExams). You must upload your answer file to myExams.
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
eEnsure you are connected to the internet in order to log YOUR EXAM QR CODE & EXAM
into the Invigilator App and scan this QR code. ACCESS CODE
elf you encounter difficulty in scanning the QR code, you
can alternatively enter the Exam Access Code below the a. [=]
QR code to start the invigilation.
elf you finish your assessment before the app timer has
run out you need to press the ‘Finish Assessment button
and follow instructions before you exit or minimise the
app.
eScan the QR code at the start time of the assessment. |
Note that you can only scan this QR code once.
eThe
your
Invigilator App
examination
will request you to take
script after the assessment.
follow the instructions on the app and take note that your
photos
Please
of
[my! rn
Exam Access Code: 2838b71f
F z=
academic institution still requires you to submit your .
script on the relevant portal.
eThe QR code is only scannable for a limited time and it should therefore be scanned as
soon as possible to start the invigilation.
eKeep the Invigilator App open on your smartphone for the full duration of the assessment. You
are not allowed to minimise or leave the app during your assessment.
e¢You must adhere to the assessment time limit communicated to you by your institution. The timer
displayed in the Invigilator may vary depending on the start time of invigilation.
FURTHER GUIDANCE
elf you only have one device you may access your assessment in the application by pressing the
‘Access Browser button in the top right corner of your app.
eOnce the QR code is scanned, ensure your media volume is turned up and place your
smartphone next to you.
eThe Invigilator App will notify you with a notification beep when you are required to action a photo
request, which you should then perform as soon as possible.
eVWe recommend that you keep your smartphone on charge for the duration of the assessment.
eEnsure you are connected to the internet when commencing invigilation. You also need to be
connected to the internet at the end of the assessment in order to upload the app data.
elf your assessment has multiple online sections, tests or attempts, you should NOT finish the
invigilation until your entire assessment has been completed.
eShould you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on
+27 (0)73 505 8273
Please refer to “The Invigilator App — Student User Guide — UNISA’ for more information.
[CONFIDENTIAL] Page 2 of 13 [TURN OVER]
, MAC4865
OCTOBER/NOVEMBER 2025
INSTRUCTIONS - ACCESS myEXAMS AND UPLOADING ANSWER FILES:
Follow these steps to access myExams and submit your take-home answer file.
Direct link to access the myExams portal (College of Accounting Sciences):
https://cas.myexams.unisa.ac.za/my/
Access the myExams portal and navigate to the module site and take-home assessment:
1. Go to the College of Accounting Sciences’ myExams portal
https://cas.myexams.unisa.ac.za/my/
2. Use your myUnisa email address and password to sign in.
3. Click on the myExams button in the header and select the module, MAC4865-25-EX10, for
which you need to complete the exam.
4. On the module’s exam page select the Take-Home assessment
MAC4865-Exam Oct/Nov 2025.
5. You can now review the assessment information and start.
Follow the steps below to complete and submit a Take-Home exam assessment:
1. Open the Take-Home assessment MAC4865-Exam Oct/Nov 2025.
2. Download the question paper and note any additional information provided, such as the
proctoring tool to be used.
Please take note that the use of The Invigilator App is compulsory for this exam. Failure to
use the application will result in your exam mark being retained/withheld.
Complete the Take-Home assessment in MS Word or on paper.
Note: MS Word documents need to be saved as PDF documents, and paper-based answers
must be scanned into a combined PDF document.
Note: Students must upload their answer scripts in a single PDF file.
When ready to submit, open the Take-Home assessment again and click on the Add
Submission button.
Note: You only get 10 minutes after the due time to submit your script on the Invigilator App
and 30 minutes on the myExams portal.
Note the file requirements such as:
a. File size limit.
b. Number of files that can be submitted.
c. File formats allowed.
Check the acknowledgement checkbox and upload your answers document and then click
on the Save changes button.
Remember that you are required to check/accept the submission statement.
The submission statement is the declaration of honesty, where you acknowledge that the
submission is your own work.
Review your submission information regarding the status and click on your submission file
link to check if it's correct.
If you need to resubmit a file, you can click on the Edit Submission button. Note: You will
need to delete any existing files.
NOTE: You must successfully submit your single PDF file before the submission cut-off time.
Please do not wait until the last minute to submit, instead, submit your file as soon as the three (3)
hours duration of the examination has passed. /f you do not successfully submit before the cut-off
time you will be marked as absent from the examination.
[CONFIDENTIAL] Page 3 of 13 [TURN OVER]
