FAC1601/101/3/2015
Tutorial letter 101/3/2015
FINANCIAL ACCOUNTING
Financial Accounting ReportingREPORTING
FAC1601
Semesters 1 & 2
Department of Financial Accounting
IMPORTANT INFORMATION:
This tutorial letter contains important information
about your module.
, CONTENTS
Page
1 INTRODUCTION AND WELCOME ..............................................................................................4
2 PURPOSE AND OUTCOMES OF THE MODULE ........................................................................4
3 LECTURER(S) AND CONTACT DETAILS ...................................................................................4
4 COMMUNICATION WITH THE UNIVERSITY ...............................................................................5
5 MODULE-RELATED RESOURCES .............................................................................................5
5.1 Inventory letter ............................................................................................................................5
5.2 Study material .............................................................................................................................5
5.3 Calculator policy .........................................................................................................................6
6 STUDENT SUPPORT SERVICES ................................................................................................6
6.1 Contact with fellow students ......................................................................................................6
6.1.1 Study groups ...............................................................................................................................6
6.1.2 myUNISA .....................................................................................................................................6
6.2 Tutor assistance .........................................................................................................................7
6.2.1 Face to face tutoring...................................................................................................................7
6.2.2 E-Tutor .........................................................................................................................................9
7 ASSESSMENT ........................................................................................................................... 10
7.1 Assignments and learning ....................................................................................................... 10
7.2 Submission of assignments ..................................................................................................... 10
7.3 Unique assignment numbers ................................................................................................... 11
7.4 Due dates of assignments ........................................................................................................ 11
7.5 Feedback on assignments ....................................................................................................... 11
7.6 Study process ........................................................................................................................... 11
7.7 Important aspects regarding assignments ............................................................................. 12
7.8 Plagiarism .................................................................................................................................. 13
8 EXAMINATIONS ........................................................................................................................ 13
8.1 Examination admission ............................................................................................................ 13
8.2 Year mark and final examination mark .................................................................................... 13
8.3 Examination period ................................................................................................................... 14
8.4 Examination paper .................................................................................................................... 14
8.5 Previous examination papers................................................................................................... 15
8.6 Tutorial letter with information on the examination ............................................................... 15
9 PROPOSED STUDY PROGRAMME FOR 2015 ......................................................................... 15
9.1 First semester ........................................................................................................................... 15
9.2 Second semester ...................................................................................................................... 15
2
, FAC1601/101
10 ADDENDUMS
ADDENDUM A Assignment 01 (compulsory) first semester.......................................................... 16
ADDENDUM B Assignment 02 (compulsory) first semester.......................................................... 22
ADDENDUM C Assignment 01 (compulsory) second semester .................................................... 28
ADDENDUM D Assignment 02 (compulsory) second semester .................................................... 34
3
, 1. INTRODUCTION AND WELCOME
We are pleased to welcome you to this module and hope that you will find it both interesting and
rewarding. We will do our best to make your study of this module successful. You will be well on your
way to success if you start studying early in the semester and resolve to do the assignments properly.
You will receive a number of tutorial letters during the year. A tutorial letter is our way of
communicating with you about teaching, learning and assessment.
This tutorial letter contains important information about the scheme of work, resources and
assignments for this module. We urge you to read it carefully and to keep it at hand when working
through the study material, preparing the assignments, preparing for the examination and addressing
questions to your lecturers.
Please read Tutorial Letter 301 in combination with this tutorial letter as it gives you an idea of
generally important information when studying distance education and information within a particular
College.
In this tutorial letter, you will find the assignments and assessment criteria as well as instructions on
the preparation and submission of the assignments. It also provides all the information you need with
regard to the prescribed study material and other resources and how to obtain them. Please study this
information carefully and make sure that you obtain the prescribed material as soon as possible.
Right from the start we would like to point out that you must read all the tutorial letters you receive
during the semester immediately and carefully, as they always contain important and, sometimes,
urgent information. You will also find useful information of a general nature in Tutorial Letter 301 and
in the booklet mySTUDIES@Unisa. Having read through these, you should be well prepared to start.
We trust that you will enjoy this module and wish you all the best!
2. PURPOSE AND OUTCOMES OF THE MODULE
The purpose of this module is to introduce students to financial accounting and reporting referring to
some of the International Accounting Standards issued by the International Accounting Standards
Board. In this module the focus will be on financial reporting and the analysis of financial statements of
partnerships and close corporations. You must also be able to record the accounting entries for the
formation of, admittance to, retirement or death of a partner and the liquidation of partnerships.
Furthermore, you will be introduced to companies. You should be able to record the accounting entries
to the capital structure of companies and be able to record the transactions relating to businesses with
branches. Lastly, you must be able to prepare calculations relating to the time value of money.
3. LECTURERS AND CONTACT DETAILS
The following lecturers are responsible for this module:
Mr MT Hlongoane
Mrs FM Osman
Mr A Eysele
Mr S Mnguni
Mrs B Ntoyanto-Ceki
Module Telephone Number: 012 429 4176
Module E-mail Address:
All queries that are not of a purely administrative nature but are about the content of this module
should be directed to us. Please have your study material with you when you contact us.
4
Tutorial letter 101/3/2015
FINANCIAL ACCOUNTING
Financial Accounting ReportingREPORTING
FAC1601
Semesters 1 & 2
Department of Financial Accounting
IMPORTANT INFORMATION:
This tutorial letter contains important information
about your module.
, CONTENTS
Page
1 INTRODUCTION AND WELCOME ..............................................................................................4
2 PURPOSE AND OUTCOMES OF THE MODULE ........................................................................4
3 LECTURER(S) AND CONTACT DETAILS ...................................................................................4
4 COMMUNICATION WITH THE UNIVERSITY ...............................................................................5
5 MODULE-RELATED RESOURCES .............................................................................................5
5.1 Inventory letter ............................................................................................................................5
5.2 Study material .............................................................................................................................5
5.3 Calculator policy .........................................................................................................................6
6 STUDENT SUPPORT SERVICES ................................................................................................6
6.1 Contact with fellow students ......................................................................................................6
6.1.1 Study groups ...............................................................................................................................6
6.1.2 myUNISA .....................................................................................................................................6
6.2 Tutor assistance .........................................................................................................................7
6.2.1 Face to face tutoring...................................................................................................................7
6.2.2 E-Tutor .........................................................................................................................................9
7 ASSESSMENT ........................................................................................................................... 10
7.1 Assignments and learning ....................................................................................................... 10
7.2 Submission of assignments ..................................................................................................... 10
7.3 Unique assignment numbers ................................................................................................... 11
7.4 Due dates of assignments ........................................................................................................ 11
7.5 Feedback on assignments ....................................................................................................... 11
7.6 Study process ........................................................................................................................... 11
7.7 Important aspects regarding assignments ............................................................................. 12
7.8 Plagiarism .................................................................................................................................. 13
8 EXAMINATIONS ........................................................................................................................ 13
8.1 Examination admission ............................................................................................................ 13
8.2 Year mark and final examination mark .................................................................................... 13
8.3 Examination period ................................................................................................................... 14
8.4 Examination paper .................................................................................................................... 14
8.5 Previous examination papers................................................................................................... 15
8.6 Tutorial letter with information on the examination ............................................................... 15
9 PROPOSED STUDY PROGRAMME FOR 2015 ......................................................................... 15
9.1 First semester ........................................................................................................................... 15
9.2 Second semester ...................................................................................................................... 15
2
, FAC1601/101
10 ADDENDUMS
ADDENDUM A Assignment 01 (compulsory) first semester.......................................................... 16
ADDENDUM B Assignment 02 (compulsory) first semester.......................................................... 22
ADDENDUM C Assignment 01 (compulsory) second semester .................................................... 28
ADDENDUM D Assignment 02 (compulsory) second semester .................................................... 34
3
, 1. INTRODUCTION AND WELCOME
We are pleased to welcome you to this module and hope that you will find it both interesting and
rewarding. We will do our best to make your study of this module successful. You will be well on your
way to success if you start studying early in the semester and resolve to do the assignments properly.
You will receive a number of tutorial letters during the year. A tutorial letter is our way of
communicating with you about teaching, learning and assessment.
This tutorial letter contains important information about the scheme of work, resources and
assignments for this module. We urge you to read it carefully and to keep it at hand when working
through the study material, preparing the assignments, preparing for the examination and addressing
questions to your lecturers.
Please read Tutorial Letter 301 in combination with this tutorial letter as it gives you an idea of
generally important information when studying distance education and information within a particular
College.
In this tutorial letter, you will find the assignments and assessment criteria as well as instructions on
the preparation and submission of the assignments. It also provides all the information you need with
regard to the prescribed study material and other resources and how to obtain them. Please study this
information carefully and make sure that you obtain the prescribed material as soon as possible.
Right from the start we would like to point out that you must read all the tutorial letters you receive
during the semester immediately and carefully, as they always contain important and, sometimes,
urgent information. You will also find useful information of a general nature in Tutorial Letter 301 and
in the booklet mySTUDIES@Unisa. Having read through these, you should be well prepared to start.
We trust that you will enjoy this module and wish you all the best!
2. PURPOSE AND OUTCOMES OF THE MODULE
The purpose of this module is to introduce students to financial accounting and reporting referring to
some of the International Accounting Standards issued by the International Accounting Standards
Board. In this module the focus will be on financial reporting and the analysis of financial statements of
partnerships and close corporations. You must also be able to record the accounting entries for the
formation of, admittance to, retirement or death of a partner and the liquidation of partnerships.
Furthermore, you will be introduced to companies. You should be able to record the accounting entries
to the capital structure of companies and be able to record the transactions relating to businesses with
branches. Lastly, you must be able to prepare calculations relating to the time value of money.
3. LECTURERS AND CONTACT DETAILS
The following lecturers are responsible for this module:
Mr MT Hlongoane
Mrs FM Osman
Mr A Eysele
Mr S Mnguni
Mrs B Ntoyanto-Ceki
Module Telephone Number: 012 429 4176
Module E-mail Address:
All queries that are not of a purely administrative nature but are about the content of this module
should be directed to us. Please have your study material with you when you contact us.
4
