Fac 3703 Study guides, Class notes & Summaries
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FAC3703 EXAM PACK 2024
- Exam (elaborations) • 108 pages • 2023
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FAC 3703 EXAM PACK, University of South Africa (Unisa)
- Exam (elaborations) • 52 pages • 2023
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FAC 3703 EXAM PACK, University of South Africa (Unisa)
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FAC3703 EXAM PACK 2023
- Exam (elaborations) • 109 pages • 2023
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Latest exam pack questions and answers, perfect for exam preparation
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FAC3703 Assignment 2 Semester 2 2022
- Exam (elaborations) • 5 pages • 2022
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FAC3703 Assignment 2 Semester 2 2022 
FAC3703 Assignment 2 Semester 2 2022
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FAC 3703 ASSIGNMENT 2 2021
- Exam (elaborations) • 5 pages • 2021
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FAC3703 ASSIGNMENT 2 – SEMESTER 2 OF 
2017 
1. 2 
This is an asset based grant since the grant was provided in order to acquire non – 
current assets. 
2. 5 R 
Government grant income (5 000 000 * 60% / 5) 
Change in accounting estimate (5 000 000 * 40% / 5 * 1 / 12) 
600 000 
(33 333) 
566 667 
3. 4
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FAC 3703 ASSIGNMENT 1
- Exam (elaborations) • 4 pages • 2021
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FAC3703 ASSIGNMENT 1 – SEMESTER 1 OF 
2020 
Ultra Speed Ltd 
Notes for the year ended 31 March 2019 
1. Profit before tax 
Profit before tax is stated after taking the following items into account 
R 
Incomes 
Finance Income 85 406 
Expenses 
Finance Cost 
Depreciation: Right of use asset 
107 164 
300 536 
2. Leases 
2.1. Right of use asset 
Equipment 
R 
Carrying amount at beginning of year [
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FAC 3703 ASSIGNMENT 2
- Exam (elaborations) • 4 pages • 2021
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FAC3703 ASSIGNMENT 2 – SEMESTER 1 OF 
2018 
ENZO LTD 
NOTES FOR THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 
2017 
1. Profit before tax 
Profit before tax is shown after taking the following into account: 
2017 
R 
Income 
Finance Income (calculation 4) 79 966 
Expenses 
Finance cost (300 000 ∗ 2 ∗ 9%) 54 000 
2. Net Investment in finance leases 
2.1. Reconciliation of net investment in finance leases: 
2017 
R 
Opening balance 
New leases entered into 
Repayments of Capital (128 0...
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FAC 3703 SPECIFIC FINANCIAL REPORTING
- Exam (elaborations) • 73 pages • 2022
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FAC 3703 SPECIFIC FINANCIAL REPORTING 
 
FAC3703	 
May-Jun 2017 
Paper 1	 
Suggested solution	 
Question 1	 
a) Calculate employee benefits	 
W1.	 
Salary:	(275 000 x 9 months [Apr – Dec])	2 475 000 
(275 000 x 3 months [Jan – Mar] x 100/110)	750 000 
Bonus paid:	275 000 
Bonus obligation OB:	(275 000 x 1/12)	(22 917) 
Bonus obligation CB:	(275 000 x 1,1 x 1/12)	25 208 
Leave obligation OB:	(52 145) 
Leave obligation CB:	(24 – 6 – 8) = 10 days x 60% = 6 days	62 857 
.’. 6 days x 275 00...
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FAC 3703 SPECIFIC FINANCIAL REPORTING
- Exam (elaborations) • 44 pages • 2022
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FAC 3703 SPECIFIC FINANCIAL REPORTING 
FAC3703 EXAM PACK 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FAC3703 
 
EXAM PACK 
 
 
1	 
 
FAC3703 
Paper 1 
Suggested solution	 
May-Jun 2017 
Question 1	 
a) Calculate employee benefits 
W1. 
Salary:	(275 000 x 9 months [Apr – Dec])	 
 
2 475 000 
(275 000 x 3 months [Jan – Mar] x 100/110)	750 000 
Bonus paid:	275 000 
Bonus obligation OB:	(275 000 x 1/12)	(22 917) 
Bonus obligation CB:	(275 000 x 1,1 x 1/12)	25 208 ...
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FAC 3703-exam-pack
- Study guide • 53 pages • 2020
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- $3.99
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