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FINANCIAL ACCOUNTING

Advanced Financial Accounting I - FAC4861
Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: This module will be useful to strengthen and deepen accountants' and aspiring accountants' knowledge of International Financial Reporting Standards (IFRS). It will also serve as preparation towards the Postgraduate Diploma in Applied Accounting Sciences. Students should be able to identify and apply the reporting requirements as they relate to the statutory reporting requirements and the reporting requirements of International Financial Reporting Standards. Students should be able to identify the appropriate elements of financial statements and apply them to the presentation of financial statements. Students should be able to identify recognition criteria and apply them to the incorporation of items in primary financial statements. Students should be able to identify measurement criteria and models and apply them to the incorporation of items in primary financial statements.
Advanced Financial Accounting II - FAC4862
Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: To equip students with specific competencies in consolidated financial statements - displaying some integration between these competencies, with pervasive skills, ethics and professional practice, and certain other accounting competencies. To explain and apply underlying principles according to which consolidated financial statements are prepared and to strengthen and deepen students' knowledge of International Financial Reporting Standards on an application level relating to consolidations. The module is designed to facilitate students' acquisition of these competencies through knowledge of and engagement in relevant Financial Accounting topics at the forefront of the field; an understanding of the theories, methods and techniques relevant to the field; and an understanding of how to apply such knowledge in a particular context. The course syllabus includes the following main topics: Separate financial statements; Consolidated financial statements; Business combinations; Investments in associates and joint ventures; Joint arrangements; Related parties; Changes in degree of control and Consolidated statement of cash flows.
Advanced Corporate Financial Reporting - FAC4865
Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: Exposure to relevant topics regarding corporate financial reporting theories and practices, including the reporting environments within which corporate financial reporting theories are applied and related practices function, as well as to related research methods and projects on a national and global scale, to aid a student with 1) gaining discipline-specific and transdisciplinary knowledge relatable to the said field of study, 2) applying basic research, and reasoning-and-writing skills, and to 3) develop a critical perspective on corporate financial reporting theories and the development thereof, as well as on the corporate financial reporting practices. More specifically, to aid a student acquiring the ability to identify and analyse contemporary concerns and advances in the field of corporate financial reporting theories and practices by building on the student's acquired corporate financial reporting knowledge and skills. To equip a student with the skills to efficiently select information and present arguments in a logical, well-structured manner is enhanced by requiring him/her the student to conduct, research-and-learning activities, including the writing of research-based academic essays and sets of theoretical studies, motivated by sound critical reasoning. It is aimed to make a student aware of his/her responsibility to contribute towards resolving challenges experienced in the field of study corporate financial reporting theory and practice. Further, as a non-core benefit, the purpose is to enable a student to identify research problems in the field of corporate financial reporting that could be addressed at masters and doctorate level.
Introductory Financial Accounting - FAC1501
Baccalareus Technologiae Degree,Under Graduate Degree,Diploma,Higher Certificate Semester module NQF level: 5 Credits: 12
Module presented in English Module presented online
Purpose: To equip students with the fundamental concepts, standards and principles of financial accounting; to provide an informed understanding of accounting transactions; as well as the purpose and use of business documents; the recording of cash and credit transactions; the preparation of bank reconciliations; the accounting for inventory; and other assets and liabilities in the financial statements. To ensure students gain knowledge of and insight into the preparation of trial balances; final accounts; adjustments to accounting information and the financial statements of a sole proprietor.
Financial Accounting Principles, Concepts and Procedures - FAC1502
Under Graduate Degree,Diploma,Higher Certificate Semester module NQF level: 5 Credits: 12
Module presented in English Module presented online
Purpose: To equip students with the fundamental concepts, standards and principles of financial accounting and to provide an informed understanding of the collection, processing and recording of relevant financial accounting data of an entity. To enable students to prepare the Statement of profit or loss and other comprehensive income, the Statement of changes in equity and the Statement of financial position. To obtain an understanding of the accounting treatment and disclosure of non-current assets, current assets; non-current liabilities and current liabilities; including the preparation of the financial statements of sole enterprises, non-profit organisations and the recording of transactions from incomplete records.
Financial Accounting Principles for Law Practitioners - FAC1503
Under Graduate Degree Semester module NQF level: 5 Credits: 12
Module presented in English Module presented online
Purpose: To provide students with a working theoretical and practical knowledge of the general principles of financial accounting, a basic knowledge and understanding of transactions essential to complete adequate accounting records encountered in transactional practise as well as a thorough knowledge of the concept of trust money, including the applicable legislation, rules and accounting treatment of trust money.
Financial Accounting and Reporting - FAC1601
Advanced Certificate,Under Graduate Degree,Diploma Semester module NQF level: 6 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC1502 Co-requisite: FAC1502
Purpose: To equip students with the necessary competencies for the preparation and presentation of financial statements according to the requirements of International Financial Reporting Standards and to gain knowledge and understanding of the theories, relevant in this accounting field, as well as the ability to apply this knowledge to the following subject matter: specific aspects of the Conceptual Framework for the preparation and presentation of financial statements; preparation of financial statements for sole proprietors, partnerships, close corporations and ; recording of changes in the ownership structure of partnerships on the admittance, retirement or death of partners; recording the simultaneous and piecemeal liquidation of partnerships; recording transactions pertaining to the capital structure of companies; conduct the analysis and interpretation of financial statements for all forms of entities; preparing statements of cash flows for sole proprietors, partnerships and close corporations and companies.
Elementary Financial Accounting and Reporting - FAC1602
Under Graduate Degree,Diploma Semester module NQF level: 6 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC1502 Co-requisite: FAC1502
Purpose: To equip students with the necessary competencies for the preparation and presentation of financial statements according to the requirements of International Financial Reporting Standards and to gain knowledge and understanding of the theories, relevant in this accounting field, as well as the ability to apply this knowledge to the following subject matter: specific aspects of the Conceptual Framework for the preparation and presentation of financial statements; preparation of financial statements for sole proprietors, partnerships and close corporations; recording of changes in the ownership structure of partnerships on the admittance, retirement or death of partners; preparing statements of cash flows for sole proprietors, partnerships and close corporations; explain how a business entity with branches operates and recording the transactions between head office and branch.
Financial Accounting for Companies - FAC2601
Diploma,Advanced Certificate,Under Graduate Degree Semester module NQF level: 6 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC1601, CAS1501 & CBC1501 Co-requisite: FAC1502 & FAC1601
Recommendation: TAX2601, FAC2602
Purpose: The purpose of the module is to equip students with the knowledge and skills to prepare and review financial statements of an entity in accordance with the requirements of International Financial Reporting Standards (IFRS). Qualifying students will be able to apply this knowledge to practical scenarios whilst drawing on relevant ethical principles in decision making and applying effective communication skills to communicate findings and solving problems in unfamiliar context in an evidence-based manner
Selected Accounting Standards and Simple Group Structures - FAC2602
Advanced Certificate,Under Graduate Degree,Diploma Semester module NQF level: 6 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC1601, CAS1501 & CBC1501 Co-requisite: FAC1502 & FAC1601
Recommendation: TAX2601, FAC2601
Purpose: The purpose of this module is to introduce students to the recognition, measurement, and disclosure requirements from selected International Financial Reporting Standards (IFRS) and the accounting principles for preparation of financial statements for groups of companies with simple structures. Qualifying students will be able to apply this knowledge to practical scenarios whilst drawing on relevant ethical principles in decision making and applying effective communication skills to communicate findings and solutions. Problem-solving in an unfamiliar context in an evidence-based manner, together with ethical conduct and effective communication is integrated into the various learning units and scenarios for assessment purposes.
Capstone in Accounting Sciences - CAS3701
Under Graduate Degree Year module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC2601, FAC2602, TAX2601, AIN2601, AUE2602, ECS1601, MAC2601, MAC2602, IOP1501, AUE2601 Co-requisite: FAC3764, AIN3701, MAC3761, TAX3761, AUE3761
Purpose: The purpose of the module is to integrate the technical skills, enabling competencies and professional values and attitudes acquired throughout the qualification and to apply it to real-world, multi-disciplinary scenarios facing professional accountants in the workplace.
General Financial Reporting - FAC3701
Diploma,Post Graduate Diploma,Advanced Diploma Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC2601, FAC2602 & TAX2601
Purpose: To equip students with the necessary competencies for the preparation and presentation of financial statements according to the requirements of International Financial Reporting Standards and to gain knowledge and understanding of the theories relevant in this accounting field, as well as the ability to apply this knowledge to the following subject matter: The conceptual framework; The accounting treatment and disclosure of income taxes, including deferred tax; Revenue from contracts with customers; changes in Accounting Policies; Estimates and Errors; Events after the reporting period; Provisions, Contingent Liabilities and Contingent Assets; Fair value measurements; including the tax implications of the preceding topics.
Distinctive Financial Reporting - FAC3702
Advanced Diploma,Under Graduate Degree Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC2601, FAC2602 & TAX2601
Purpose: To equip students with the necessary competencies for the preparation and presentation of financial statements according to the requirements of International Financial Reporting Standards and to gain knowledge and understanding of the theories, relevant in this accounting field, as well as the ability to apply this knowledge to the following subject matter: the presentation, recognition and measurement of financial instruments; the accounting treatment and disclosure of foreign exchange transactions; property, plant and equipment; investment properties; intangible assets, impairment of assets (excluding cash generating units); non-current assets held for sale and discontinuing operations, including the tax implications of the preceding topics; and the accounting treatment and disclosure of foreign exchange transactions.
Specific Financial Reporting - FAC3703
Under Graduate Degree,Advanced Diploma Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC2601, FAC2602 & TAX2601
Recommendation: It is recommended that a student either register concurrently for the FAC3701 module or have already passed it.
Purpose: To equip students with the necessary competencies for the preparation and presentation of financial statements according to the requirements of International Financial Reporting Standards and to gain knowledge and understanding of the theories, relevant in this accounting field, as well as the ability to apply this knowledge to the following subject matter, financial instruments, borrowing costs, leases, employee benefits, and related party disclosures, including any relevant deferred tax implications for all topics.
Group Financial Reporting - FAC3704
Under Graduate Degree,Advanced Diploma Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC2601, FAC2602 & TAX2601
Purpose: To equip students with the necessary competencies for the preparation and presentation of financial statements according to the requirements of International Financial Reporting Standards and to gain knowledge and understanding of the theories, relevant in this accounting field, as well as the ability to apply this knowledge to the following subject matter: the consolidation procedures required for the preparation and presentation of group financial statements namely, business combinations, consolidation after the acquisition date; intragroup transactions, losses of a subsidiary, horizontal groups, vertical groups, changes in ownership (no change in status where control has already been obtained ) and the accounting treatment and disclosure of 7associates, joint arrangements, including any relevant deferred tax implications.
Financial Accounting - FAC3764
Under Graduate Degree Year module NQF level: 7 Credits: 24
Module presented in English Module presented online
Pre-requisite: FAC2601, FAC2602 & TAX2601
Recommendation: TAX3761, AUE3761
Purpose: The purpose of the module is to equip students with the competence to assess and analyse financial information for reasonableness and accuracy and report according to the requirements of International Financial Reporting Standards (IFRS) and other relevant reporting frameworks. Qualifying students will be able to apply integrated knowledge and understanding of theories and principles to complex problems drawing on appropriate ethical values and approaches relevant to financial reporting.