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Exam (elaborations)

FAC1503 EXAM PACK 2025 UPDATED QUESTIONS AND ANSWERS.RECENT WITH MANY MORE QUESTIONS TO STUDY ,WELL EXPLAINED ANSWERS.

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FAC1503 EXAM PACK 2025 UPDATED QUESTIONS AND ANSWERS.RECENT WITH MANY MORE QUESTIONS TO STUDY ,WELL EXPLAINED ANSWERS.












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Uploaded on
October 5, 2025
Number of pages
448
Written in
2025/2026
Type
Exam (elaborations)
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lOMoAR cPSD| 51776212




FAC1503 EXAM PACK 2025
UPDATED QUESTIONS AND
ANSWERS.RECENT WITH
MANY MORE QUESTIONS TO
STUDY ,WELL EXPLAINED
ANSWERS.

Excellence Through Knowledge
A+ CONCEPTS

, lOMoAR cPSD| 51776212




UNIVERSITY EXAMINATIONS




October/November 2024



FAC1503
Financial accounting principle for law


100 Marks
Duration 4 (four) Hours




INSTRUCTIONS FOR A TAKE-HOME EXAM ON MYEXAMS

PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY BEFORE ANSWERING THE
EXAMINATION QUESTIONS.


1. The examination question paper counts 100 marks. Answer all five (5) of the
questions.


2. This examination question paper consists of seven (7) pages.

3. The duration of the examination is four (4) hours. In addition to the duration of
the examination indicated on the timetable, you are given 30 minutes to
FINALISE the uploading of your exam file. Your exam file must be uploaded via
the myExams platform on 14 October 2024 BEFORE 12:30 (South African
Standard Time).


4. This is a limited open book examination. You may refer to the Constitution of
the
Republic of South Africa, 1996, the prescribed textbook and Tutorial Letter 102
BUT NO OTHER ONLINE SOURCES, ESPECIALLY CHATGPT, COURSEHERO,
STUDOCU, TELEGRAM, ETC. DO NOT CUT AND PASTE ANSWERS FROM ANY
SOURCE.


5. An open-book exam is a test at a higher level than the usual type of exam, where
memory is tested as much as insight. You are expected to prove that you can use
information, rather than merely repeat it. In brief, what is being tested is factual
knowledge, understanding and the correct application thereof, not memory
skills. You need to demonstrate that you know what statutory or other

, lOMoAR cPSD| 51776212




provisions and case law are applicable in a specific context. You are expected to
identify precisely what information applies, and then explain why you think so.


5.1 As you have the Constitution and textbook available when answering questions,
we do not give marks for direct quotations. You are therefore assessed on your
level of understanding of the legal principles by looking at how well you convey
the principles.

6. The examination is proctored via the Invigilator App and Turnitin. You must
activate (log in to) the Invigilator App between 07:45 and 08:30 by scanning the
QR code (5b3deea0).

PLEASE NOTE:

If you experience challenges with the Invigilator
app, please WhatsApp the technical helpdesk on
073 505 8273. Do not contact the lecturer

For all other exam-related challenges, you may
contact the SCSC on 080 000 1870 or e-mail
or refer to Get-Help
for the list of additional contact numbers.

7. When ready to submit, open the assessment and click on the Add Submission
button.
7.1 Note: You only get 15 minutes after the due time to submit your script on the
Invigilator App and 30 minutes on the myExams portal.




7.2 Note the file requirements such as:
a. File size limit; b. Number of files that can be submitted; c. File formats allowed.
7.3 Check the acknowledgment checkbox and upload your answers document and
then click on the Save changes button.

, lOMoAR cPSD| 51776212




7.4 Review your submission information regarding the status and click on your
submission file link to check if it is correct.




7.5 If you need to resubmit a file, you can click on the Edit Submission button. Note:
You will need to delete any existing files.

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