FAC3761
EXAM PACK
2023
QUESTIONS WITH
ANSWERS
, FAC3761/106
Dear Student
INTRODUCTION
In this tutorial letter we provide additional questions and suggested solutions to further assist you in
preparing for the examination. We suggest that you answer these integrated questions under exam
conditions. Once you have completed the integrated questions, you should compare your answers with
the suggested solutions. Your answers to these integrated questions must not be submitted to Unisa.
These integrated questions will indicate to you the standard required of you in the examination and will
help you to identify areas of weakness that you must pay attention to.
You will notice that some calculations are in brackets opposite certain items in the suggested solutions
dealing with company financial statements. These calculations are given for tuition purposes only and do
not form part of the statutory disclosure requirements.
LECTURERS AND CONTACT DETAILS
Please use only the following e-mail address for all communication with your lecturers:
Please use only the following telephone numbers for communication with your lecturers:
Lecturers Office number Telephone
number
Mrs F Jaffer Simon Radipere Building 2-45 012 429 4110
Mrs M Evans Simon Radipere Building 2-55 012 429 8606
Mrs M Els Simon Radipere Building 2-58 012 429 8766
Mr DO Khumalo Simon Radipere Building 2-50 012 429 4408
Mr I Phaduli Simon Radipere Building 2-46 012 429 3232
Ms R Horn Simon Radipere Building 2-53 012 429 3287
Ms L Labuschagne Simon Radipere Building 2-49 012 429 4694
Mr Y Mohamed Simon Radipere Building 2-51 012 429 4414
Mr J Riekert Simon Radipere Building 2-42 012 429 2135
3
, FAC3761/106
ADDITIONAL QUESTIONS AND SUGGESTED SOLUTIONS
The integrated questions are compiled as follows:
QUESTION NO. SUBJECT MARKS
1 IFRS 15, Revenue from contracts with customers; IAS 8, 46
Accounting policies, changes in accounting estimates and
errors; IAS 10, Events after the reporting period; IAS 12,
Income taxes; IAS 37, Provisions, contingent liabilities and
contingent assets
2 IFRS 15, Revenue from contracts with customers; IAS 8, 51
Accounting policies, changes in accounting estimates and
errors; IAS 12, Income taxes; IAS 37, Provisions, contingent
liabilities and contingent assets
3 IFRS 15, Revenue from contracts with customers; IAS 8, 41
Accounting policies, changes in accounting estimates and
errors; IAS 10, Events after the reporting period; IAS 12,
Income taxes; IAS 37, Provisions, contingent liabilities and
contingent assets
4 IFRS 15, Revenue from contracts with customers; IAS 8, 50
Accounting policies, changes in accounting estimates and
errors; IAS 12, Income taxes; IAS 37, Provisions, contingent
liabilities and contingent assets
5 IFRS 15, Revenue from contracts with customers; IAS 8, 39
Accounting policies, changes in accounting estimates and
errors; IAS 37, Provisions, contingent liabilities and contingent
assets
6 IAS 16, Property, plant and equipment; IFRS 5, Non-current 41
assets held for sale and discontinued operations; IAS 12,
Income taxes
7 IAS 21, Effects of changes in foreign exchange rates, IAS 38, 31
Intangible assets, IFRS 5, Non-current assets held for sale
and Discontinued operations
8 IAS 16, Property, plant and equipment; IAS 40, Investment 45
properties; IAS 36, Impairment of assets; IFRS 5, Non-current
assets held for sale and discontinued operations
9 IAS 21, Effects of changes in foreign exchange rates; IAS 36, 32
Impairment of assets; IAS 38, Intangible assets
4
, FAC3761/106
The integrated questions are compiled as follows:
QUESTION NO. SUBJECT MARKS
10 IAS 16, Property, plant and equipment; IAS 40, Investment 40
properties; IFRS 5, Non-current assets held for sale and
discontinued operations
The following abbreviations are used throughout the document:
CGT capital gains tax
SARS South African Revenue Service
NCAHFS non-current asset held for sale
IAS International Accounting Standard
SFP statement of financial position
OCI other comprehensive income
P/L profit or loss
IFRS International Financial Reporting Standards
FOB free on board
5
EXAM PACK
2023
QUESTIONS WITH
ANSWERS
, FAC3761/106
Dear Student
INTRODUCTION
In this tutorial letter we provide additional questions and suggested solutions to further assist you in
preparing for the examination. We suggest that you answer these integrated questions under exam
conditions. Once you have completed the integrated questions, you should compare your answers with
the suggested solutions. Your answers to these integrated questions must not be submitted to Unisa.
These integrated questions will indicate to you the standard required of you in the examination and will
help you to identify areas of weakness that you must pay attention to.
You will notice that some calculations are in brackets opposite certain items in the suggested solutions
dealing with company financial statements. These calculations are given for tuition purposes only and do
not form part of the statutory disclosure requirements.
LECTURERS AND CONTACT DETAILS
Please use only the following e-mail address for all communication with your lecturers:
Please use only the following telephone numbers for communication with your lecturers:
Lecturers Office number Telephone
number
Mrs F Jaffer Simon Radipere Building 2-45 012 429 4110
Mrs M Evans Simon Radipere Building 2-55 012 429 8606
Mrs M Els Simon Radipere Building 2-58 012 429 8766
Mr DO Khumalo Simon Radipere Building 2-50 012 429 4408
Mr I Phaduli Simon Radipere Building 2-46 012 429 3232
Ms R Horn Simon Radipere Building 2-53 012 429 3287
Ms L Labuschagne Simon Radipere Building 2-49 012 429 4694
Mr Y Mohamed Simon Radipere Building 2-51 012 429 4414
Mr J Riekert Simon Radipere Building 2-42 012 429 2135
3
, FAC3761/106
ADDITIONAL QUESTIONS AND SUGGESTED SOLUTIONS
The integrated questions are compiled as follows:
QUESTION NO. SUBJECT MARKS
1 IFRS 15, Revenue from contracts with customers; IAS 8, 46
Accounting policies, changes in accounting estimates and
errors; IAS 10, Events after the reporting period; IAS 12,
Income taxes; IAS 37, Provisions, contingent liabilities and
contingent assets
2 IFRS 15, Revenue from contracts with customers; IAS 8, 51
Accounting policies, changes in accounting estimates and
errors; IAS 12, Income taxes; IAS 37, Provisions, contingent
liabilities and contingent assets
3 IFRS 15, Revenue from contracts with customers; IAS 8, 41
Accounting policies, changes in accounting estimates and
errors; IAS 10, Events after the reporting period; IAS 12,
Income taxes; IAS 37, Provisions, contingent liabilities and
contingent assets
4 IFRS 15, Revenue from contracts with customers; IAS 8, 50
Accounting policies, changes in accounting estimates and
errors; IAS 12, Income taxes; IAS 37, Provisions, contingent
liabilities and contingent assets
5 IFRS 15, Revenue from contracts with customers; IAS 8, 39
Accounting policies, changes in accounting estimates and
errors; IAS 37, Provisions, contingent liabilities and contingent
assets
6 IAS 16, Property, plant and equipment; IFRS 5, Non-current 41
assets held for sale and discontinued operations; IAS 12,
Income taxes
7 IAS 21, Effects of changes in foreign exchange rates, IAS 38, 31
Intangible assets, IFRS 5, Non-current assets held for sale
and Discontinued operations
8 IAS 16, Property, plant and equipment; IAS 40, Investment 45
properties; IAS 36, Impairment of assets; IFRS 5, Non-current
assets held for sale and discontinued operations
9 IAS 21, Effects of changes in foreign exchange rates; IAS 36, 32
Impairment of assets; IAS 38, Intangible assets
4
, FAC3761/106
The integrated questions are compiled as follows:
QUESTION NO. SUBJECT MARKS
10 IAS 16, Property, plant and equipment; IAS 40, Investment 40
properties; IFRS 5, Non-current assets held for sale and
discontinued operations
The following abbreviations are used throughout the document:
CGT capital gains tax
SARS South African Revenue Service
NCAHFS non-current asset held for sale
IAS International Accounting Standard
SFP statement of financial position
OCI other comprehensive income
P/L profit or loss
IFRS International Financial Reporting Standards
FOB free on board
5
