Bachelor degree Semester module NQF level: 5 Credits: 12
Module presented in English and Afrikaans Module presented online
Purpose: To introduce students to the fundamental aspects, principles, and procedures of financial accounting to enable them to collect, process and record
the financial accounting data of an entity.
Introductory Financial Accounting - FAC1501
Higher certificate, Diploma, Baccalaureus technologiae degree, Bachelor degree
Semester module NQF level: 5 Credits: 12
Module presented in English and Afrikaans
Purpose: To introduce students to the fundamental concepts and principles of financial accounting; the purpose and use of business documents; the
recording of cash and credit transactions; bank reconciliations; inventory; trial balances; final accounts; adjustments to accounting information and the preparation of elementary financial statements of a sole trader.
Financial Accounting Principles, Concepts and Procedures - FAC1502
Higher certificate, Diploma, Bachelor degree Semester module NQF level: 5 Credits: 12
Module presented in English and Afrikaans
Purpose: To introduce students to the fundamental concepts and principles of financial accounting; the collecting and processing of financial accounting
data of an entity, the accounting treatment and disclosure of non-current assets and current assets, non-current liabilities and current liabilities, the preparation of elementary financial statements of sole enterprises and, non-profit organisations and the recording of transactions from incomplete records.
Financial Accounting Principles for Law Practitioners - FAC1503
Bachelor degree Semester module NQF level: 5 Credits: 12
Module presented in English and Afrikaans
Purpose: To introduce students to the fundamental concepts and principles of financial accounting; the collecting and processing of financial accounting data
of an entity; the financial accounting treatment and disclosure of non-current assets and current assets, non-current liabilities and current liabilities, the specific financial accounting aspects for law practitioners, as well as financial analysis and practice management in a law practice.
Financial Accounting Reporting - FAC1601
Diploma, Bachelor degree Semester module NQF level: 6 Credits: 12
Module presented in English and Afrikaans
Pre-requisite: FAC1502 (or ACN101M or FAC1M2X). (NOT applicable to NDSCR-
NEW)
Co-requisite:
Purpose: To introduce students to the conceptual framework, the underlying accounting transactions and treatment thereof, the equity of companies,
the cash flow statements, and the disclosure in relation to sole proprietors, partnerships, and close corporations. Also branch accounts, the analysis and interpretation of financial statements as well as the time value of money.
Financial Accounting for Companies - FAC2601
Diploma, Bachelor degree Semester module NQF level: 6 Credits: 12
Module presented in English and Afrikaans
Pre-requisite: FAC1601 or ACN102N or FAC2M2V Co-requisite:
Purpose: To gain knowledge of and insight into the following subject matter as well as the ability to apply this knowledge when preparing a set of
annual financial statements with accompanying notes for a company in accordance with the requirements of the Companies Act and IFRS: Companies Act requirements in respect of the preparation of a set of financial statements; the accounting framework; presentation of financial statements; share- and dividend transactions; introduction to financial instruments; property, plant and equipment; inventories; revenue; finance- and operating leases in the financial statements of lessees.
Selected Accounting Standards and Simple Group Structures - FAC2602
Diploma, Bachelor degree Semester module NQF level: 6 Credits: 12
Module presented in English and Afrikaans
Pre-requisite: FAC1601 or FAC2M2V or ACN102N Co-requisite:
Purpose: To gain knowledge of and insight into the following subject matter as well as the ability to apply this knowledge when preparing a set of annual
financial statements and consolidated group statements: Introduction to group financial statements (simple group structures; elimination of intragroup transactions; dividends and preference shareholding) and the statement of cash flows.
General Financial Reporting - FAC3701
Diploma, Advanced diploma, Bachelor degree Semester module NQF level: 7 Credits: 12
Module presented in English and Afrikaans Module presented online Pre-requisite: FAC2601, FAC2602 & TAX2601. (FAC2601 & FAC2602 only applicable
to NDTXT). (FAC2601 only applicable to NDINT). (FAC2601, FAC2602 & TXN203D only applicable to 02216, 0202X & 02240 as well as 02011 - ENM, FIM, IFM, MAN, GE1, INA, MAC, MKT, LOG, LAW, RIS, TRM, TRA).
Co-requisite:
Purpose: To gain knowledge of and insight into, as well as the ability to apply this knowledge in the preparation of financial statements, for the following
subject matter: the conceptual framework; the requirements for financial statement presentation taking into account certain items which affect the statement of profit or loss and other comprehensive income and the statement of financial position; the accounting treatment and disclosure of income taxes, including deferred tax; revenue; changes in accounting policies; estimates and errors; events after the reporting period; provisions, contingent liabilities and contingent assets; fair value measurements; and the tax implications of the preceding topics.
Distinctive Financial Reporting - FAC3702
Advanced diploma, Bachelor degree Semester module NQF level: 7 Credits: 12
Module presented in English and Afrikaans Module presented online Pre-requisite: FAC2601, FAC2602 & TAX2601. (FAC2601, FAC2602 & TXN203D only
applicable to 02216, 0202X & 02240 as well as 02011 - ENM, FIM, IFM, MAN, GE1, INA, MAC, MKT, LOG, LAW, RIS, TRM, TRA).
Co-requisite:
Purpose: To gain knowledge of and insight into, as well as the ability to apply this knowledge in the preparation of financial statements, for 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, and the tax implications of the preceding topics. It is recommended that a student either register concurrently for the FAC3701 module or have already passed it.
Specific Financial Reporting - FAC3703
Advanced diploma, Bachelor degree Semester module NQF level: 7 Credits: 12
Module presented in English and Afrikaans Module presented online Pre-requisite: FAC2601, FAC2602 & TAX2601. (FAC2601, FAC2602 & TXN203D
applicable to 02216, 0202X & 02240 as well as 02011 - ENM, FIM, IFM, MAN, GE1, INA, MAC, MKT, LOG, LAW, RIS, TRM, TRA)
Co-requisite:
Purpose: To gain knowledge of and insight into, as well as the ability to apply this knowledge in the preparation of financial statements, for the following
subject matter: the accounting treatment and disclosure of government assistance; financial instruments; leases; earnings per share; borrowing costs; segment reporting; related parties and employee benefits, as well as the tax implications of the preceding topics. It is recommended that a student either register concurrently for the FAC3701 module or have already passed it.
Group Financial Reporting - FAC3704
Advanced diploma, Bachelor degree Semester module NQF level: 7 Credits: 12
Module presented in English and Afrikaans Module presented online Pre-requisite: FAC2601, FAC2602 & TAX2601. (FAC2601, FAC2602 & TXN203D only
applicable to 02216, 0202X & 02240 as well as 02011 - ENM, FIM, IFM, MAN, GE1, INA, MAC, MKT, LOG, LAW, RIS, TRM, TRA)
Co-requisite:
Purpose: To gain knowledge of and insight into, as well as the ability to apply this knowledge in the preparation of financial statements, for 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, complex groups, consolidated cash flow statements, changes in ownership, and the accounting treatment and disclosure of associates, joint arrangements, including any relevant deferred tax implications. It is recommended that a student either register concurrently for the FAC3701 module or have already passed it.
Advanced Corporate Financial Reporting - FAC4865
Postgraduate diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: To facilitate a research-oriented study on advanced corporate financial reporting that can serve as a basis for knowledge enhancement, the
development of critical thought, the identification of possible research topics in this field of study, and to aid in the skillful writing of scientific essays. The following subject matter is covered; accounting theory; corporate financial reporting; integrated reporting; as well as fair value reporting and financial reporting for small and medium-sized entities.