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FAC1602 SUMMARY STUDY PACK

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FAC1602 SUMMARY STUDY PACK

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Summary and Study Pack all in one.
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Past Papers from 2012 – 2018
How to pass FAC1601
Including concession papers




FAC1601
EXAMPACK
Loret Jenkinson

10/04/2018
Loret:
082 872 8039

FORMATS




R400

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FAC1601
EXAMPACK
Loret Jenkinson

02/10/2017




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HOW TO PASS FAC1601
Going over the past papers allows you to understand what is expected of you in the
exam.
Practice, practice, practice – PRACTICE.
MOST IMPORTANT: KNOW your formats off by heart!!!

The following are sections of the work I would recommend concentrating on:

1. Partnerships:
1.1 Liquidation of partnerships (simultaneous & piecemeal)
1.2 1st interim repayment
1.3 Profit-sharing ratios
1.4 Financial Statements (ALL)
1.5 Valuation Account & Capital & Current Accounts

2. Close Corporations
2.1 Financial Statements (ALL)

3. Cash Flow Statements (Direct & indirect Method)

4. Companies
4.1 General Journal entries (Shares)
4.2 Capitalisation Shares

5. Branches
5.1 Branch Accounts (at cost price & at selling price) Financial Statements & Bank
Account

6. Analysis & interpretation
6.1 Calculation & interpretation of ratios


TIME ALLOCATION (Stick to it)
If you haven’t finished it YET…. MOVE ON

Do the questions you feel you know best first. Take 5 minutes to check through the
paper before you start.

Do not panic! Although it’s a fairly long paper, by getting worked up, 1 tends to get
careless and make unnecessary mistakes.




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