ESTUDYR
CAS1501 Assignment 3 2026
Due April 2026
Section A: Reflection on CAS1501 Journey
Question 1
Reflecting on your CAS1501 journey, which of the following statements best captures the impact
of the module on your perspective as a future accountancy professional?
A. CAS1501 only emphasizes technical accounting skills and ignores ethical considerations.
B. CAS1501 has helped me understand that being an accountant is not just about numbers, but
also about being honest, making good decisions, and helping businesses stay fair and
responsible.
C. CAS1501 focuses solely on preparing for exams and has little relevance to professional
practice.
D. CAS1501 encourages accountants to prioritize profit over ethics in decision-making.
Answer: B. CAS1501 has helped me understand that being an accountant is not just about
numbers, but also about being honest, making good decisions, and helping businesses stay
fair and responsible.
Rationale: The course emphasizes both technical skills and ethical behavior, showing that
accountants must uphold integrity and contribute positively to organizations and society.
Question 2
Which of the following best illustrates the importance of ethical decision-making in accounting
as highlighted by CAS1501?
A. Following only the client’s instructions, even if it is unethical
B. Making financial decisions that comply with laws and professional standards while ensuring
fairness
C. Ignoring the impact of decisions on stakeholders
D. Prioritizing profit over transparency
Answer: B. Making financial decisions that comply with laws and professional standards
while ensuring fairness
Rationale: Ethical decision-making ensures accountants act responsibly and maintain public
trust.
,ESTUDYR
Question 3
CAS1501 encourages students to see accounting as more than number-crunching. Which of the
following statements best aligns with this philosophy?
A. Accountants are only responsible for balancing ledgers and filing reports.
B. Accountants should combine technical skills with ethical reasoning, critical thinking, and
professional responsibility.
C. Accountants should focus on personal gain through financial strategies.
D. Ethical behavior is optional for accountants.
Answer: B. Accountants should combine technical skills with ethical reasoning, critical
thinking, and professional responsibility.
Rationale: The module emphasizes that accountants must apply both technical and ethical
knowledge in their professional roles.
Question 4
How does reflecting on CAS1501 experiences prepare students for real-world accountancy
challenges?
A. By reinforcing the importance of ethical behavior, transparency, and professional
accountability in practice
B. By focusing only on theoretical exercises without practical applications
C. By teaching accountants to prioritize speed over accuracy
D. By ignoring stakeholder interests
Answer: A. By reinforcing the importance of ethical behavior, transparency, and
professional accountability in practice
Rationale: Reflection helps students internalize ethical principles, preparing them to make
responsible decisions in professional settings.
Question 5
A student reflects: “CAS1501 taught me that accountants must help businesses stay fair and
responsible.” Which professional quality is this statement emphasizing?
A. Technical proficiency only
B. Professional ethics and integrity
C. Aggressive financial strategies
D. Compliance with client demands only
, ESTUDYR
Answer: B. Professional ethics and integrity
Rationale: Ensuring fairness and responsibility highlights the accountant’s ethical obligations.
Section B: Case Study Analysis – Fikile Maake
Question 6
From the case study, what is the first wrongdoing committed by Fikile Maake?
A. “KGMP employee Fikile Maake is accused of being dishonest as he allegedly stole R16.5m
of bursary funds meant for university students.”
B. Fikile helped students secure bursaries fairly.
C. Fikile mismanaged office stationery budgets.
D. Fikile complied with all regulations perfectly.
Answer: A. “KGMP employee Fikile Maake is accused of being dishonest as he allegedly
stole R16.5m of bursary funds meant for university students.”
Rationale: The first wrongdoing identified in the case study is the alleged theft of bursary funds,
which is a breach of trust and professional ethics.
Question 7
Which ethical principle is most directly violated by Fikile’s alleged action of stealing bursary
funds?
A. Professional competence
B. Integrity
C. Confidentiality
D. Continuous professional development
Answer: B. Integrity
Rationale: Integrity requires honesty and ethical behavior. Stealing funds constitutes a clear
violation of this principle.
Question 8
What is the broader impact of Fikile Maake’s alleged misconduct on stakeholders?
A. Only affects internal office procedures
B. Undermines trust in the organization and affects students relying on bursaries
CAS1501 Assignment 3 2026
Due April 2026
Section A: Reflection on CAS1501 Journey
Question 1
Reflecting on your CAS1501 journey, which of the following statements best captures the impact
of the module on your perspective as a future accountancy professional?
A. CAS1501 only emphasizes technical accounting skills and ignores ethical considerations.
B. CAS1501 has helped me understand that being an accountant is not just about numbers, but
also about being honest, making good decisions, and helping businesses stay fair and
responsible.
C. CAS1501 focuses solely on preparing for exams and has little relevance to professional
practice.
D. CAS1501 encourages accountants to prioritize profit over ethics in decision-making.
Answer: B. CAS1501 has helped me understand that being an accountant is not just about
numbers, but also about being honest, making good decisions, and helping businesses stay
fair and responsible.
Rationale: The course emphasizes both technical skills and ethical behavior, showing that
accountants must uphold integrity and contribute positively to organizations and society.
Question 2
Which of the following best illustrates the importance of ethical decision-making in accounting
as highlighted by CAS1501?
A. Following only the client’s instructions, even if it is unethical
B. Making financial decisions that comply with laws and professional standards while ensuring
fairness
C. Ignoring the impact of decisions on stakeholders
D. Prioritizing profit over transparency
Answer: B. Making financial decisions that comply with laws and professional standards
while ensuring fairness
Rationale: Ethical decision-making ensures accountants act responsibly and maintain public
trust.
,ESTUDYR
Question 3
CAS1501 encourages students to see accounting as more than number-crunching. Which of the
following statements best aligns with this philosophy?
A. Accountants are only responsible for balancing ledgers and filing reports.
B. Accountants should combine technical skills with ethical reasoning, critical thinking, and
professional responsibility.
C. Accountants should focus on personal gain through financial strategies.
D. Ethical behavior is optional for accountants.
Answer: B. Accountants should combine technical skills with ethical reasoning, critical
thinking, and professional responsibility.
Rationale: The module emphasizes that accountants must apply both technical and ethical
knowledge in their professional roles.
Question 4
How does reflecting on CAS1501 experiences prepare students for real-world accountancy
challenges?
A. By reinforcing the importance of ethical behavior, transparency, and professional
accountability in practice
B. By focusing only on theoretical exercises without practical applications
C. By teaching accountants to prioritize speed over accuracy
D. By ignoring stakeholder interests
Answer: A. By reinforcing the importance of ethical behavior, transparency, and
professional accountability in practice
Rationale: Reflection helps students internalize ethical principles, preparing them to make
responsible decisions in professional settings.
Question 5
A student reflects: “CAS1501 taught me that accountants must help businesses stay fair and
responsible.” Which professional quality is this statement emphasizing?
A. Technical proficiency only
B. Professional ethics and integrity
C. Aggressive financial strategies
D. Compliance with client demands only
, ESTUDYR
Answer: B. Professional ethics and integrity
Rationale: Ensuring fairness and responsibility highlights the accountant’s ethical obligations.
Section B: Case Study Analysis – Fikile Maake
Question 6
From the case study, what is the first wrongdoing committed by Fikile Maake?
A. “KGMP employee Fikile Maake is accused of being dishonest as he allegedly stole R16.5m
of bursary funds meant for university students.”
B. Fikile helped students secure bursaries fairly.
C. Fikile mismanaged office stationery budgets.
D. Fikile complied with all regulations perfectly.
Answer: A. “KGMP employee Fikile Maake is accused of being dishonest as he allegedly
stole R16.5m of bursary funds meant for university students.”
Rationale: The first wrongdoing identified in the case study is the alleged theft of bursary funds,
which is a breach of trust and professional ethics.
Question 7
Which ethical principle is most directly violated by Fikile’s alleged action of stealing bursary
funds?
A. Professional competence
B. Integrity
C. Confidentiality
D. Continuous professional development
Answer: B. Integrity
Rationale: Integrity requires honesty and ethical behavior. Stealing funds constitutes a clear
violation of this principle.
Question 8
What is the broader impact of Fikile Maake’s alleged misconduct on stakeholders?
A. Only affects internal office procedures
B. Undermines trust in the organization and affects students relying on bursaries
