Examination preparation guide
FAC1601
Financial Accounting Reporting
October/November 2022
Department of Financial Accounting
IMPORTANT INFORMATION:
This tutorial letter contains important information
about your module.
,Dear Student,
Hereby enclosed is information pertaining to the examination and quick references (guidelines) to the
application of certain principles and presentation of accounting information in the statements.
We will attempt to have all the lecturers available between 08:00 and 13:00; and at least one lecturer
available between 13:00 and 16:00 for telephonic enquiries during the month of October.
With kind regards
FAC1601: Lecturers
, OCTOBER/NOVEMBER 2014 EXAMINATION SCOPE
The October/November 2014 examination paper will consist of five questions. All these questions must
be answered. There will be no multiple choice or theoretical questions; however you must be able to
apply the acquired theoretical knowledge in practical questions.
POSSIBLE MIXTURE OF QUESTIONS
Approximately 70% of the questions will relate to the preparation and presentation of financial
statements of partnerships and close corporations. As far as the notes to the financial statements are
concerned, you need to study the following:
Property, plant and equipment (partnerships and close corporations)
Loans to members, loans from members and transactions with members (close corporations).
Above topics are covered in study units 1, 2, 5 and 7 of the study guide.
The rest of the paper, approximately 30%, will cover the ancillary topics (study units 3, 4, 6, 8, 9 and 10)
of the study guide.
TOPICS NOT TO BE EXAMINED
Accounting policy notes in study units 2 and 5 of the study guide.
All debenture transactions in study unit 6 (refer to paragraph 6.10 in the study guide).
NB: Refer to ANNEXURE A of Tutorial letter 103/3/2014
FAC1601
Financial Accounting Reporting
October/November 2022
Department of Financial Accounting
IMPORTANT INFORMATION:
This tutorial letter contains important information
about your module.
,Dear Student,
Hereby enclosed is information pertaining to the examination and quick references (guidelines) to the
application of certain principles and presentation of accounting information in the statements.
We will attempt to have all the lecturers available between 08:00 and 13:00; and at least one lecturer
available between 13:00 and 16:00 for telephonic enquiries during the month of October.
With kind regards
FAC1601: Lecturers
, OCTOBER/NOVEMBER 2014 EXAMINATION SCOPE
The October/November 2014 examination paper will consist of five questions. All these questions must
be answered. There will be no multiple choice or theoretical questions; however you must be able to
apply the acquired theoretical knowledge in practical questions.
POSSIBLE MIXTURE OF QUESTIONS
Approximately 70% of the questions will relate to the preparation and presentation of financial
statements of partnerships and close corporations. As far as the notes to the financial statements are
concerned, you need to study the following:
Property, plant and equipment (partnerships and close corporations)
Loans to members, loans from members and transactions with members (close corporations).
Above topics are covered in study units 1, 2, 5 and 7 of the study guide.
The rest of the paper, approximately 30%, will cover the ancillary topics (study units 3, 4, 6, 8, 9 and 10)
of the study guide.
TOPICS NOT TO BE EXAMINED
Accounting policy notes in study units 2 and 5 of the study guide.
All debenture transactions in study unit 6 (refer to paragraph 6.10 in the study guide).
NB: Refer to ANNEXURE A of Tutorial letter 103/3/2014
