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Exam (elaborations)

FAC1503 - EXAM PREPARATIONS

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FAC1503 - EXAM PREPARATIONS QUESTIONS AND ANSWERS

Institution
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Institution
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Uploaded on
May 17, 2022
Number of pages
82
Written in
2021/2022
Type
Exam (elaborations)
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Questions & answers

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, PRESENTER
C Modise CA(SA)

TOPICS
 Bank Reconciliation
 Trust Accounting
 Practice Management

,General
(see TL101/3/2012)
 Textbook – 4rd edition (unfortunately not available in Afrikaans)
 Admission to exam: Submission of 1st assignment
 Year/examination mark:
 Ass 1: 50% of 10%
 Ass 2: 50% of 10%
 If you obtain 60% for Ass 1 and 0% for Ass 2, your year mark will
be 3%, your exam mark contribution must be 47/90 which is
equal to an exam mark of 52%
(47 0.9 [OR] 52 x 0.9) to pass.
 If you submitted both assignments but scored 0 in both, you will
require an examination mark of 56% to pass.
 Exam sub-minimum is 40%.

, GOLDEN RULE 1

Accounting CANNOT be studied
by merely reading/memorising.
You need to understand the
concepts/principles thereof
and then practice, practice,
practice!!

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