FAC1502/101/3/2016
Tutorial letter 101/3/2016
FINANCIAL ACCOUNTING CONCEPTS,
Financial
PRINCIPLESaccounting concepts, principles
AND PROCEDURES
and procedures
FAC1502
Semesters 1 & 2
Department of Financial Accounting
IMPORTANT INFORMATION:
This tutorial letter contains important information
about your module.
, CONTENTS
Page
1 INTRODUCTION ..........................................................................................................................4
2 PURPOSE OF AND OUTCOMES FOR THE MODULE ................................................................5
2.1 Purpose ........................................................................................................................................5
2.2 Outcomes .....................................................................................................................................5
3 LECTURERS AND CONTACT DETAILS .....................................................................................6
3.1 Lecturers and correspondence with lecturers ................................................................................6
3.1.1 Telephonic contact ........................................................................................................................6
3.1.2 E-mails ..........................................................................................................................................7
3.1.3 Written correspondence ................................................................................................................7
3.1.4 Personal visits ...............................................................................................................................7
3.2 Department ...................................................................................................................................7
3.2.2 Student information hub ................................................................................................................7
3.3 Unisa.............................................................................................................................................8
4 RESOURCES FOR FAC1502 .......................................................................................................8
4.1 Inventory letter ............................................................................................................................8
4.3 Prescribed book ............................................................................................................................9
4.4 Recommended books ...................................................................................................................9
4.5 Electronic Reserves (e-reserves) ..................................................................................................9
5 STUDENT SUPPORT SERVICES FOR FAC1502........................................................................9
5.2 E-tutors ........................................................................................................................................9
5.1.1 What is the Unisa online tuition programme? ................................................................................9
5.1.2 Where will I find my online tutoring group? ....................................................................................9
5.1.3 Is it mandatory to participate in e-tutor groups?...........................................................................10
5.1.4 How do I post a discussion item on my group site? .....................................................................10
5.1.5 To start a new topic for discussion: .............................................................................................10
5.1.6 To reply to another student’s comments......................................................................................10
5.2 Face-to-face tutors ......................................................................................................................10
6 STUDY PLAN FOR FAC1502 ....................................................................................................14
7 PRACTICAL WORK AND WORK-INTEGRATED LEARNING FOR FAC1502 ..........................14
2
, FAC1502/101
8 ASSESSMENT ...........................................................................................................................15
8.1 Assessment plan .........................................................................................................................15
8.2 General assignment numbers .....................................................................................................15
8.2.1 Unique assignment numbers.......................................................................................................15
8.2.2 Due dates for assignments..........................................................................................................15
8.3 Submission of assignments.........................................................................................................15
8.4 Assignments ...............................................................................................................................16
9 OTHER ASSESSMENT METHODS ...........................................................................................16
10 EXAMINATION ...........................................................................................................................16
10.1 Examination admission ...............................................................................................................16
10.2 Examination period .....................................................................................................................17
10.3 Examination paper ......................................................................................................................17
10.4 Previous examination papers ......................................................................................................18
11 FREQUENTLY ASKED QUESTIONS.........................................................................................18
12 CONCLUSION ............................................................................................................................19
13 ANNEXURE A: ASSUMED KNOWLEDGE ................................................................................20
14 ANNEXURE B: PROPOSED STUDY PROGRAMME FOR 2016 ...............................................26
15 ANNEXURE C: ASSIGNMENT 01 (SEMESTER 1) ....................................................................27
16 ANNEXURE D: ASSIGNMENT 02 (SEMESTER 1) ....................................................................37
17 ANNEXURE E: ASSIGNMENT 01 (SEMESTER 2) ....................................................................47
18 ANNEXURE F: ASSIGNMENT 02 (SEMESTER 2) ....................................................................57
3
, 1 INTRODUCTION
Dear Student
It is a pleasure to welcome you as a student to FAC1502. We hope that you will find your studies
particularly stimulating and rewarding this semester and that you will achieve success. 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.
The semester that you register for will be indicated on your registration documentation. Please ensure
that you are registered for the correct semester, as you are obliged to write the examination for that
semester. The examination for the first semester will be during May/June, and the examination for the
second semester will be during October/November.
Should you be faced with specific subject content problems in your studies, please do not hesitate to
consult us by letter, e-mail, telephone or personally (by appointment).
In this tutorial letter, we would like to draw your attention to a number of very important matters and we
request you pay careful attention to them.
You will receive a number of tutorial letters during the semester. A tutorial letter is our way of
communicating with you about teaching, learning and assessment. 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.
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, doing the assignments, preparing for the examination and addressing
questions to your lecturers.
In this tutorial letter, you will find a scheme of work, resources available, assignments, assessment
criteria as well as instructions for the preparation and submission of the assignments. This tutorial
letter also provides all the information you need with regard to the prescribed study material and other
resources and how to obtain it. Please study this information carefully and make sure that you obtain
the prescribed material as soon as possible. We also include certain general and administrative
information about this module. Please study this section of the tutorial letter carefully.
Some of the study material may not have been available when you registered and will be
posted to you as soon as possible. However, it is also available on myUnisa.
It is important to use myUnisa and the internet regularly. You must be registered on myUnisa to be
able to submit assignments online, gain access to the library functions and various learning resources
and download study material. You can also “chat” to your fellow students about your studies and the
challenges you encounter, and participate in online discussion forums. MyUnisa provides you with
additional opportunities to take part in activities and discussions of relevance to your module topics,
assignments, marks and examinations.
We trust that you will enjoy this module and wish you all the best!
4
Tutorial letter 101/3/2016
FINANCIAL ACCOUNTING CONCEPTS,
Financial
PRINCIPLESaccounting concepts, principles
AND PROCEDURES
and procedures
FAC1502
Semesters 1 & 2
Department of Financial Accounting
IMPORTANT INFORMATION:
This tutorial letter contains important information
about your module.
, CONTENTS
Page
1 INTRODUCTION ..........................................................................................................................4
2 PURPOSE OF AND OUTCOMES FOR THE MODULE ................................................................5
2.1 Purpose ........................................................................................................................................5
2.2 Outcomes .....................................................................................................................................5
3 LECTURERS AND CONTACT DETAILS .....................................................................................6
3.1 Lecturers and correspondence with lecturers ................................................................................6
3.1.1 Telephonic contact ........................................................................................................................6
3.1.2 E-mails ..........................................................................................................................................7
3.1.3 Written correspondence ................................................................................................................7
3.1.4 Personal visits ...............................................................................................................................7
3.2 Department ...................................................................................................................................7
3.2.2 Student information hub ................................................................................................................7
3.3 Unisa.............................................................................................................................................8
4 RESOURCES FOR FAC1502 .......................................................................................................8
4.1 Inventory letter ............................................................................................................................8
4.3 Prescribed book ............................................................................................................................9
4.4 Recommended books ...................................................................................................................9
4.5 Electronic Reserves (e-reserves) ..................................................................................................9
5 STUDENT SUPPORT SERVICES FOR FAC1502........................................................................9
5.2 E-tutors ........................................................................................................................................9
5.1.1 What is the Unisa online tuition programme? ................................................................................9
5.1.2 Where will I find my online tutoring group? ....................................................................................9
5.1.3 Is it mandatory to participate in e-tutor groups?...........................................................................10
5.1.4 How do I post a discussion item on my group site? .....................................................................10
5.1.5 To start a new topic for discussion: .............................................................................................10
5.1.6 To reply to another student’s comments......................................................................................10
5.2 Face-to-face tutors ......................................................................................................................10
6 STUDY PLAN FOR FAC1502 ....................................................................................................14
7 PRACTICAL WORK AND WORK-INTEGRATED LEARNING FOR FAC1502 ..........................14
2
, FAC1502/101
8 ASSESSMENT ...........................................................................................................................15
8.1 Assessment plan .........................................................................................................................15
8.2 General assignment numbers .....................................................................................................15
8.2.1 Unique assignment numbers.......................................................................................................15
8.2.2 Due dates for assignments..........................................................................................................15
8.3 Submission of assignments.........................................................................................................15
8.4 Assignments ...............................................................................................................................16
9 OTHER ASSESSMENT METHODS ...........................................................................................16
10 EXAMINATION ...........................................................................................................................16
10.1 Examination admission ...............................................................................................................16
10.2 Examination period .....................................................................................................................17
10.3 Examination paper ......................................................................................................................17
10.4 Previous examination papers ......................................................................................................18
11 FREQUENTLY ASKED QUESTIONS.........................................................................................18
12 CONCLUSION ............................................................................................................................19
13 ANNEXURE A: ASSUMED KNOWLEDGE ................................................................................20
14 ANNEXURE B: PROPOSED STUDY PROGRAMME FOR 2016 ...............................................26
15 ANNEXURE C: ASSIGNMENT 01 (SEMESTER 1) ....................................................................27
16 ANNEXURE D: ASSIGNMENT 02 (SEMESTER 1) ....................................................................37
17 ANNEXURE E: ASSIGNMENT 01 (SEMESTER 2) ....................................................................47
18 ANNEXURE F: ASSIGNMENT 02 (SEMESTER 2) ....................................................................57
3
, 1 INTRODUCTION
Dear Student
It is a pleasure to welcome you as a student to FAC1502. We hope that you will find your studies
particularly stimulating and rewarding this semester and that you will achieve success. 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.
The semester that you register for will be indicated on your registration documentation. Please ensure
that you are registered for the correct semester, as you are obliged to write the examination for that
semester. The examination for the first semester will be during May/June, and the examination for the
second semester will be during October/November.
Should you be faced with specific subject content problems in your studies, please do not hesitate to
consult us by letter, e-mail, telephone or personally (by appointment).
In this tutorial letter, we would like to draw your attention to a number of very important matters and we
request you pay careful attention to them.
You will receive a number of tutorial letters during the semester. A tutorial letter is our way of
communicating with you about teaching, learning and assessment. 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.
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, doing the assignments, preparing for the examination and addressing
questions to your lecturers.
In this tutorial letter, you will find a scheme of work, resources available, assignments, assessment
criteria as well as instructions for the preparation and submission of the assignments. This tutorial
letter also provides all the information you need with regard to the prescribed study material and other
resources and how to obtain it. Please study this information carefully and make sure that you obtain
the prescribed material as soon as possible. We also include certain general and administrative
information about this module. Please study this section of the tutorial letter carefully.
Some of the study material may not have been available when you registered and will be
posted to you as soon as possible. However, it is also available on myUnisa.
It is important to use myUnisa and the internet regularly. You must be registered on myUnisa to be
able to submit assignments online, gain access to the library functions and various learning resources
and download study material. You can also “chat” to your fellow students about your studies and the
challenges you encounter, and participate in online discussion forums. MyUnisa provides you with
additional opportunities to take part in activities and discussions of relevance to your module topics,
assignments, marks and examinations.
We trust that you will enjoy this module and wish you all the best!
4
