FAC3702 Distinctive Financial Reporting
University of South Africa
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FAC3702 BUNDLE 2024
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--22april 2023
- FAC3702 ASSIGNMENT 1 SEMESTER 1 2024


Exam (elaborations)
FAC3702 Assignment 1 Semester 1 2024 


Exam (elaborations)
FAC3702 EXAM PACK 2024


Exam (elaborations)
FAC3702 EXAM PACK 2024
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$6.49 Meer Info
LIBRARYpro
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Tentamen (uitwerkingen)
FAC3702 ASSIGNMENT 2
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---7april 20222021/2022A+
- FAC3702 
ASSIGNMENT 2DUE DATE: 
ASSIGNMENT 02 WILL CONTRIBUTE 5% TOWARDS YOUR FINAL MARK. 
Notes compiled by e-tutor (C Greeff) 
FAC3702/101 
23 
ASSIGNMENT 02 (20 marks) (36 minutes) 
Shop-A-Lot Ltd is an online retail company with a 31 December year-end. Shop-A-Lot Ltd prepares its 
financial statements in accordance with International Financial Reporting Standards (IFRS). 
Security software 
On 1 March 2017, Shop-A-Lot Ltd purchased security software from an United States of America (US) 
com...
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lectdenis
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Tentamen (uitwerkingen)
FAC3702 EXAM PACK LATEST
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---130april 20222021/2022A+
- FAC3702 EXAM PACK LATEST 
QUESTION 1 
The following financial information relates to ABC Limited for the year ended 30 April 2014: 
1. Machine 
Cost 
Residual value 
Revalued amount on a net replacement value basis 
Date R 
1 May 2011 500 000 
1 May 2011 50 
000 30 April 2014 410 000 
Depreciation rate - 20% per annum straight-line 
The tax base on 1 May 2013 was R200 000 which would be deductible in equal amounts on 
30 April 2014 and 30 April 2015 against taxable income. 
On 1 May 2013 there w...
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lectdenis
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Samenvatting
FAC3702 - Unit 1-7 Summary with Examples Distinctive Financial Reporting (University of South Africa)
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---58april 20222021/2022
- FAC3702 - Unit 1-7 Summary with Examples 
Distinctive Financial Reporting (University of South Africa) 
lOMoARcPSD| 
LEARNING UNIT 1 
IAS 16 PROPERTY, PLANT AND EQUIPMENT 
Disclaimer 
The information contained in the summary is to highlight important aspects in applying the 
principles of the applicable statements. The summary is in no way an indication that only the 
matters mentioned are important to pass. Students must refer to their study guides and 
textbooks for an understanding of the lea...
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lectdenis
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Tentamen (uitwerkingen)
FAC3702 ASSIGNMENT 02
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---7oktober 20212021/2022A+
- ASSIGNMENT 02 (20 marks) (36 minutes) 
Shop-A-Lot Ltd is an online retail company with a 31 December year-end. Shop-A-Lot Ltd prepares its 
financial statements in accordance with International Financial Reporting Standards (IFRS). 
Security software 
On 1 March 2017, Shop-A-Lot Ltd purchased security software from an United States of America (US) 
company at a cost of R1 000 000, in order to protect clients’ personal details from data breaches. An 
information technology (IT) specialist was c...
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lectdenis
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Tentamen (uitwerkingen)
FAC3702 SUMMARISED NOTES
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1.0(1)1.0-58september 20212021/2022A+
- LEARNING UNIT 1 
LEARNING OUTCOMES 
Once you have studied and completed this course material, you should be able to: 
• account for property, plant and equipment, and depreciation in the financial statements of an 
entity in terms of the requirements of International Financial Reporting Standards. 
• account for revaluations of property, plant and equipment in the financial statements of an 
entity in terms of the requirements of International Financial Reporting Standards. 
• account for ...
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lectdenis
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Tentamen (uitwerkingen)
FAC3702 EXAM PACK EXAM REVISION
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---131september 20212021/2022A+
- QUESTION 1 
The following financial information relates to ABC Limited for the year ended 30 April 2014: 
1. Machine 
Cost 
Residual value 
Revalued amount on a net replacement value basis 
Date R 
1 May 2011 500 000 
1 May 2011 50 
000 30 April 2014 410 000 
Depreciation rate - 20% per annum straight-line 
The tax base on 1 May 2013 was R200 000 which would be deductible in equal amounts on 
30 April 2014 and 30 April 2015 against taxable income. 
On 1 May 2013 there was a deferred tax liabilit...
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lectdenis
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Tentamen (uitwerkingen)
DISTINTIVE OF FINANCIAL REPORTING ( hear you will find all exam questions and answers ,,examples and solutions)
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---308mei 20212020/2021A
- INTRODUCTION 
Dear Student, 
Attached please find the following learning units: 
 Learning unit 1 – Property, plant and equipment (IAS 16) 
 Learning unit 2 – Investment property (IAS 40) 
 Learning unit 3 – Impairment of assets (IAS 36) 
 Learning unit 4 – Intangible assets (IAS 38) 
 Learning unit 5 – Non-current assets held for sale and discontinued operations 
(IFRS 5) 
 Learning unit 6 – Financial instruments: Presentation, Recognition and 
Measurement ...
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