Summary FAC 4861 ADVANCED FINANCIAL ACCOUNTING I FAC4861/ZFA4861/NFA4861

FAC4861/106/0/2017
NFA4861/106/0/2017
ZFA4861/106/0/2017




Tutorial letter 106/0/2017

ADVANCED FINANCIAL ACCOUNTING I
FAC4861/ZFA4861/NFA4861

Year Module


Department of Financial Governance


IMPORTANT INFORMATION:

This tutorial letter contains important information
about your module.

, 2 FAC4861/106
NFA4861/106
ZFA4861/106


Dear student


This tutorial letter contains case studies that serves as preparation for the final exam.


INDEX Page

Case study 1 5

Case study 2 24

Case study 3 44

Case study 4 61

Case study 5 76

Case study 6 93

Case study 7 115

Case study 8 134

Case study 9 153

Caste study 10 175




Please send all e-mail queries to:

Contact number for this tutorial letter:

012 429 4184



COMMENT

Assume

IFRS 9: Financial Instruments,
IFRS 15: Revenue from Contracts with Customers, and
IFRS 16: Leases

are applicable to all case studies.




MJM

, 3 FAC4861/106
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ZFA4861/106

CASE STUDIES
Question
Case number Marks Topics covered Page
study and name
1 1. Conche Ltd 60 IAS 16: Property, plant and equipment 5
IAS 36: Impairment of assets
2. Part A,B,C 40 IAS 2: Inventory 11
IAS 8: Accounting policies, change in
accounting estimates
IFRS 16: Leases
2 1. Great Catch & Short 60 IAS 12: Income taxes 24
Cut IFRS 15: Revenue
2. Sun Harvest & Go Big 40 IAS 33: Earnings per share 29
IFRS 9: Financial Instruments
3 1. Airfare Ltd 60 IAS 16: Property, plant and equipment 44
IAS 38: Intangible assets
2. Software 40 IAS 12: Income taxes 47
IFRS 15: Revenue from Contracts with
Customers
4 1. Numsi Ltd 30 IAS 10: Events after reporting period 61
IAS 19: Employee benefits
2. Quest Ltd 70 IAS 32: Financial Instruments: 63
Presentation
IAS 33: Earnings per share
IFRS 9: Financial instruments
IFRS 16: Leases
5 1. Afrifly Ltd 40 IAS 12: Income taxes 76
2. Iron Ore Ltd 60 IAS 19: Employee benefits 78
IAS 36: Impairment of assets
IAS 37: Provisions, contingent liabilities
and contingent assets
6 1. Powerless Ltd 20 IAS 19: Employee benefits 93
2. Afis Ltd 20 IAS 16: Property, plant and equipment 95
IFRS 16: Leases
3. Tonic Ltd 60 IAS 12: Income taxes 97
IAS 32: Financial instruments:
Presentations
IAS 33: Earnings per share
Conceptual Framework
IFRS 7: Financial instruments: Disclosure
7 1. Bigwings Ltd 60 IAS 2: Inventory 115
IAS 8: Accounting policies, Changes in
estimates and errors
IAS 16: Property, plant and equipment
IFRS 16: Leases
2. Khaki Ltd 40 IAS 16: Property, plant and equipment 120
IAS 36: Impairment of assets




MJM

, 4 FAC4861/106
NFA4861/106
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Question
Case number Marks Topics covered Page
study and name
8 1. Lenglen Chocolates 65 IAS 32: Financial instruments: 134
Ltd Presentation
IAS 33: Earnings per share
IFRS 9: Financial instruments
2. Plassy Ltd 35 IAS 10: Events after the reporting date 137
IAS 12: Income taxes
IAS 37: Provisions, contingent liabilities
and contingent assets
9 1. Lefatshe Ltd 30 IAS 16: Property, plant and equipment 153
IAS 36: Impairment of assets
2. Clasifico Ltd 15 IAS 1: Presentation of financial 156
statements
IAS 32: Financial instruments:
Presentation
3. Mont Noir Ltd 35 IAS 12: Income taxes 158
4. Izambane Ltd 20 IAS 16: Property, plant and equipment 162
IAS 19: Employee benefits
10 1. Ultra Motors Ltd 40 IAS 18: Revenue 175
IAS 32: Financial instruments:
Presentation
IAS 33: Earnings per share
IFRS 9: Financial instruments
2. Tango Ltd 20 IAS 8: Accounting policies, change in 178
accounting estimates and error
3. Gamma Ltd 40 IAS 2: Inventories 179
IAS 12: Income taxes
IAS 19: Employee benefits
IAS 37: Provisions, contingent liabilities
and contingent assets
IFRS 16: Leases

EXAM TECHNIQUE

Remember to show all your calculations. Calculations are only marked if it is used and
referenced in your solution.




MJM