FAC2602 - gimmenotes

1 FAC2602 /101/3/ 2017 Tutorial Letter 101/3/ 2017 Selected Accounting Standards and Simple Group Structures FAC2602 Semesters 1 & 2 Department of Financial Accounting IMPORTANT INFORMATION: Please activate your myUnisa and myLife e-mail addresses and ensure you have regular access to the myUnisa module site, FAC2602 - 2017 -S1/2, as well as your group site. Note: This is an online module, and therefore it is available on myUnisa. However, in order to support you in your learning process, you will also receive study material in printed format. 2 CONTENTS Page 1 INTRODUCTION .. 3 2 OVERVIEW OF FAC2602 .

2 4 Purpose .. 4 Outcomes .. 4 3. CONTACT DETAILS .. 4 Lecturers .. 4 Department and College .. 5 University .. 5 4 RESOURCES FOR FAC2602 .. 6 Registering on myUnisa .. 6 Other resources printed support materials .. 7 5 HOW TO STUDY FAC2602 8 What it means to study online .. 8 The myUnisa tools you will use .. 8 6 STUDENT SUPPORT SERVICES FOR FAC2602 .. 8 7 STUDY PLAN FOR FAC2602 .. 11 8 ASSESSMENT .. 13 Assessment plan .. 13 Due dates and the unique numbers of assignments .. 14 Submission of assignments .. 14 Plagiarism .. 15 9 EXAMINATION .. 16 Examination admission 16 Information regarding the examination.

3 16 Calculator policy .. 17 10 CONCLUSION .. 17 11 ANNEXURES .. 18 ANNEXURE A: Assignment 01 First semester .. 18 ANNEXURE B: Assignment 02 First semester .. 25 ANNEXURE C: Assignment 01 Second semester .. 30 ANNEXURE D: Assignment 02 Second semester .. 37 FAC2602 /101 3 1. INTRODUCTION Dear Student We are pleased to welcome you to the FAC2602 module of the Accounting 2 course and trust that you will find it both interesting and rewarding. We will do our best to help you succeed in studying this module. You will be well on your way to success if you start studying early in the semester and resolve to do the assignments properly.

4 When you register, the semester that you register for will be indicated on your registration documents. Ensure that you are registered for the correct semester as you are obliged to write the examination for that semester (first or second semester). The examination for the first semester will be during May/June and the examination for the second semester will be during October/November. You will receive a number of tutorial letters during the semester. A tutorial letter is our way of communicating with you about teaching, learning and assessment. Right from the start we would like to point out that you must read all the tutorial letters you receive during the semester immediately and carefully, as they always contain important and sometimes urgent information.

5 Tutorial Letter 101 contains important information about the scheme of work, resources and assignments for this module. We urge you to read it carefully and to keep it at hand when working through the study material, preparing the assignments, preparing for the examination and addressing questions to your lecturers. You will also find the assignments and assessment criteria as well as instructions for the preparation and submission of the assignments in this tutorial letter. We include additional exam type questions and solutions in Tutorial Letter 102.

6 Your study package also includes three audio CDs and a DVD. The content of the three CDs and the DVD are exactly the same. We include both to suit your individual preference for either an audio or visual presentation of the material. We believe that you will benefit from listening to the CDs or watching the DVD and working through the accompanying Tutorial Letter 103. The CDs and DVD contain explanations and examples of the study material. It adds value to the learning units and MO001, but it does not contain any other or new information not already covered in the learning units.

7 Some of the tutorial matter we mention here may not be available when you register. These will be posted to you as soon as possible, but will also be available on myUnisa. We encourage you to use myUnisa regularly. Should you be faced with specific subject content problems in your studies, please do not hesitate to consult us by e-mail, telephone or personally by appointment. Because this is a fully online module, you need to use myUnisa to study and complete the learning activities for this course. You need to visit the website for FAC2602 on myUnisa frequently. The website for your module is FAC2602 -17-S1/2.

8 We trust that you will enjoy this module and wish you all the best! 4 How to approach FAC2602 Because this is an online module, you need to go online to see your study materials and what to do for the module. Go to the website by clicking here: , and login with your student number and password. You will see FAC2602 -17-S1/2 in the row of modules in the orange blocks across the top of the webpage. Also remember to check in the -more- tab if you cannot find the module in the orange blocks. Click on the module you want to open. In addition, you will also receive this tutorial letter and the online study materials for your module in printed format.

9 While these printed materials may appear to be different from the online study materials, they are exactly the same and have been copied from the online myUnisa website. We wish you success on your journey! 2. OVERVIEW OF FAC2602 Purpose The purpose of the FAC2602 module is to provide students with knowledge and skills to enable them to draft annual financial statements for simple groups of companies in accordance with the requirements of International Financial Reporting Standards (IFRS). This module will also provide students with the knowledge and skills to enable them to draft statements of cash flow.

10 Outcomes We include the learning outcomes that you should accomplish for each topic and learning unit in the study guide (MO001). In broad terms, these will indicate to you the knowledge and skills we expect you to have mastered by the time you have completed each learning unit. These outcomes are translated into assessment criteria for the learning units. The assessment criteria indicate a required end result, that is, what you should be able to do once you have completed the learning unit. 3. CONTACT DETAILS Lecturers You may contact us, your lecturers, via telephone, e-mail, written correspondence or personal visits.