FAC1602 financial reporting

FAC1602/501/3/2021




Tutorial Letter 501/3/2021


FAC1602
Elementary Financial Accounting and
Reporting


Semesters 1 & 2


Department of Financial Accounting


BARCODE

,
, FAC1602/501/3/2021




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FAC1602/3/2021


i

, CONTENTS


Introduction and overview of the module ........................................................... ii

LEARNING UNIT 1
Introduction to the preparation of financial statements ........................... 1

LEARNING UNIT 2
Financial statements of a sole proprietorship ......................................... 24

LEARNING UNIT 3
Establishment and financial statements of a partnership ....................... 46

LEARNING UNIT 4
Changes in the ownership structure of partnerships .............................. 69

LEARNING UNIT 5
Close corporations ................................................................................... 86

LEARNING UNIT 6
Statement of cash flows .......................................................................... 129

LEARNING UNIT 7
Branches .................................................................................................. 155




ii