FAC1502/101/3/2020
Tutorial Letter 101/3/2020
Financial Accounting Concepts, Principles
and Procedures
FAC1502
Semesters 1 and 2
Department of Financial Accounting
This tutorial letter contains important information
about FAC1502.
BARCODE
, CONTENTS
Page
1 INTRODUCTION TO THE MODULE ............................................................................................ 4
2 PURPOSE AND OUTCOMES ...................................................................................................... 5
2.1 Purpose ........................................................................................................................................ 5
2.2 Outcomes ..................................................................................................................................... 5
3 LECTURER(S) AND CONTACT DETAILS................................................................................... 7
3.1 Lecturers and correspondence with lecturers ................................................................................ 7
3.1.1 Telephonic contact ........................................................................................................................ 7
3.1.2 E-mails.......................................................................................................................................... 7
3.1.3 Written correspondence ................................................................................................................ 7
3.1.4 Personal visits............................................................................................................................... 8
3.2 Department ................................................................................................................................... 8
3.2.1 Student information hub ................................................................................................................ 8
3.2.2 Postal address .............................................................................................................................. 8
3.3 University ...................................................................................................................................... 8
4 RESOURCES ............................................................................................................................... 9
4.1 Inventory letter .............................................................................................................................. 9
4.2 Study material ............................................................................................................................... 9
4.3 Prescribed book(s) ........................................................................................................................ 9
4.4 Recommended book(s) ................................................................................................................. 9
4.5 Electronic reserves (e-reserves) ................................................................................................... 9
4.6 Library services and resources information ................................................................................... 9
5 STUDENT SUPPORT SERVICES .............................................................................................. 10
5.1 Free computer and internet access ............................................................................................. 10
5.2 E-tutors ...................................................................................................................................... 11
5.2.1 What is the Unisa online tuition programme? .............................................................................. 11
5.2.2 Where will I find my online tutoring group? .................................................................................. 11
5.2.3 Is it mandatory to participate in e-tutor groups? .......................................................................... 11
5.2.4 How do I post a discussion item on my group site? ..................................................................... 11
5.2.5 To start a new topic for discussion .............................................................................................. 11
5.2.6 To reply to another student’s comments ..................................................................................... 12
5.3 Face-to-face tutors ...................................................................................................................... 12
6 STUDY PLAN ............................................................................................................................. 12
7 PRACTICAL WORK ................................................................................................................... 12
8 ASSESSMENT ........................................................................................................................... 12
8.1 Assessment criteria..................................................................................................................... 12
8.2 Assessment plan ........................................................................................................................ 15
8.3 Assignment numbers .................................................................................................................. 15
8.3.1 General assignment numbers ..................................................................................................... 15
8.3.2 Unique assignment numbers ...................................................................................................... 15
8.4 Assignment due dates ................................................................................................................ 16
8.5 Submission of assignments ........................................................................................................ 16
8.6 Plagiarism declaration................................................................................................................. 17
8.7 The assignments ........................................................................................................................ 17
8.8 Other assessment methods ........................................................................................................ 17
8.9 The examination ......................................................................................................................... 17
8.9.1 Examination admission ............................................................................................................... 17
2
, FAC1502/101/3/2020
8.9.2 Examination period ..................................................................................................................... 18
8.9.3 Examination paper ...................................................................................................................... 18
8.9.4 Previous examination papers ...................................................................................................... 19
9 FREQUENTLY ASKED QUESTIONS ........................................................................................ 19
10 IN CLOSING ............................................................................................................................... 20
11 ADDENDUM A: ASSUMED KNOWLEDGE ............................................................................... 21
12 ADDENDUM B: PROPOSED STUDY PROGRAMME FOR 2020 .............................................. 27
13 ADDENDUM C: ASSIGNMENT 01 (SEMESTER 1) ................................................................... 28
14 ADDENDUM D: ASSIGNMENT 02 (SEMESTER 1) ................................................................... 40
15 ADDENDUM E: ASSIGNMENT 01 (SEMESTER 2) ................................................................... 51
16 ADDENDUM F: ASSIGNMENT 02 (SEMESTER 2) ................................................................... 60
3
, Dear Student
As part of this tutorial letter, we wish to inform you that Unisa has implemented a transformation
charter based on five pillars and eight dimensions. In response to this charter, we have also
placed curriculum transformation high on the agenda. For your information, curriculum
transformation includes the following pillars: student-centred scholarship, the pedagogical
renewal of teaching and assessment practices, the scholarship of teaching and learning, and
the infusion of African epistemologies and philosophies. These pillars and their principles will be
integrated at both the programme and module levels, as a phased-in approach. You will notice
the implementation thereof in your modules, and we encourage you to fully embrace these
changes during your studies at Unisa.
1 INTRODUCTION TO THE MODULE
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.
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
4
Tutorial Letter 101/3/2020
Financial Accounting Concepts, Principles
and Procedures
FAC1502
Semesters 1 and 2
Department of Financial Accounting
This tutorial letter contains important information
about FAC1502.
BARCODE
, CONTENTS
Page
1 INTRODUCTION TO THE MODULE ............................................................................................ 4
2 PURPOSE AND OUTCOMES ...................................................................................................... 5
2.1 Purpose ........................................................................................................................................ 5
2.2 Outcomes ..................................................................................................................................... 5
3 LECTURER(S) AND CONTACT DETAILS................................................................................... 7
3.1 Lecturers and correspondence with lecturers ................................................................................ 7
3.1.1 Telephonic contact ........................................................................................................................ 7
3.1.2 E-mails.......................................................................................................................................... 7
3.1.3 Written correspondence ................................................................................................................ 7
3.1.4 Personal visits............................................................................................................................... 8
3.2 Department ................................................................................................................................... 8
3.2.1 Student information hub ................................................................................................................ 8
3.2.2 Postal address .............................................................................................................................. 8
3.3 University ...................................................................................................................................... 8
4 RESOURCES ............................................................................................................................... 9
4.1 Inventory letter .............................................................................................................................. 9
4.2 Study material ............................................................................................................................... 9
4.3 Prescribed book(s) ........................................................................................................................ 9
4.4 Recommended book(s) ................................................................................................................. 9
4.5 Electronic reserves (e-reserves) ................................................................................................... 9
4.6 Library services and resources information ................................................................................... 9
5 STUDENT SUPPORT SERVICES .............................................................................................. 10
5.1 Free computer and internet access ............................................................................................. 10
5.2 E-tutors ...................................................................................................................................... 11
5.2.1 What is the Unisa online tuition programme? .............................................................................. 11
5.2.2 Where will I find my online tutoring group? .................................................................................. 11
5.2.3 Is it mandatory to participate in e-tutor groups? .......................................................................... 11
5.2.4 How do I post a discussion item on my group site? ..................................................................... 11
5.2.5 To start a new topic for discussion .............................................................................................. 11
5.2.6 To reply to another student’s comments ..................................................................................... 12
5.3 Face-to-face tutors ...................................................................................................................... 12
6 STUDY PLAN ............................................................................................................................. 12
7 PRACTICAL WORK ................................................................................................................... 12
8 ASSESSMENT ........................................................................................................................... 12
8.1 Assessment criteria..................................................................................................................... 12
8.2 Assessment plan ........................................................................................................................ 15
8.3 Assignment numbers .................................................................................................................. 15
8.3.1 General assignment numbers ..................................................................................................... 15
8.3.2 Unique assignment numbers ...................................................................................................... 15
8.4 Assignment due dates ................................................................................................................ 16
8.5 Submission of assignments ........................................................................................................ 16
8.6 Plagiarism declaration................................................................................................................. 17
8.7 The assignments ........................................................................................................................ 17
8.8 Other assessment methods ........................................................................................................ 17
8.9 The examination ......................................................................................................................... 17
8.9.1 Examination admission ............................................................................................................... 17
2
, FAC1502/101/3/2020
8.9.2 Examination period ..................................................................................................................... 18
8.9.3 Examination paper ...................................................................................................................... 18
8.9.4 Previous examination papers ...................................................................................................... 19
9 FREQUENTLY ASKED QUESTIONS ........................................................................................ 19
10 IN CLOSING ............................................................................................................................... 20
11 ADDENDUM A: ASSUMED KNOWLEDGE ............................................................................... 21
12 ADDENDUM B: PROPOSED STUDY PROGRAMME FOR 2020 .............................................. 27
13 ADDENDUM C: ASSIGNMENT 01 (SEMESTER 1) ................................................................... 28
14 ADDENDUM D: ASSIGNMENT 02 (SEMESTER 1) ................................................................... 40
15 ADDENDUM E: ASSIGNMENT 01 (SEMESTER 2) ................................................................... 51
16 ADDENDUM F: ASSIGNMENT 02 (SEMESTER 2) ................................................................... 60
3
, Dear Student
As part of this tutorial letter, we wish to inform you that Unisa has implemented a transformation
charter based on five pillars and eight dimensions. In response to this charter, we have also
placed curriculum transformation high on the agenda. For your information, curriculum
transformation includes the following pillars: student-centred scholarship, the pedagogical
renewal of teaching and assessment practices, the scholarship of teaching and learning, and
the infusion of African epistemologies and philosophies. These pillars and their principles will be
integrated at both the programme and module levels, as a phased-in approach. You will notice
the implementation thereof in your modules, and we encourage you to fully embrace these
changes during your studies at Unisa.
1 INTRODUCTION TO THE MODULE
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.
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
4
