FACULTY OF ACCOUNTING AND

INFORMATICS

DEPARTMENT OF FINANCIAL
ACCOUNTING

ADVANCED DIPLOMA IN ACCOUNTING

ADPAC1

Study Guide

2024

ADVANCED FINANCIAL ACCOUNTING 4C

ADCF701
SAQA CREDITS: 12

This module was revised on: February 2024

Revised by: CM Chonco and A Ramsarghey
Name of Lecturer : Dr Anchal Ramsarghey
Office : Department of Accounting
Campus location : Ritson Campus
Telephone : 031 373 5613
E-Mail : anchal@dut.ac.za
Consultation times with Lecturer: To be advised on 1st day of lectures

Head of Department : Prof Ferina Marimuthu

Programme coordinator : Mr Celumusa Makepeace Chonco
Campus location : Ritson Campus
Room number : Department of Accounting
Telephone : 031 373 5646

Departmental Secretary / Programme secretary : Ms Thabisile Malevu

Contact details: thabisilem@dut.ac.za tel: 031 373 5621

Lectures : Please refer to the timetable for lectures

Practicals : This module has no practical

Tutorials : Please refer to the timetable for tutorials

Lecture Venue : Please refer to the timetable for lecture venue.

Practical Venue : Not applicable
Tutorial Venue : Please refer to the timetable for tutorial venue.
Duration : 2 x 2hour sessions for full time; 1 x 2hour session
for part time.
Relevant Policies and rules: Quality Assurance policy, Assessment policy,
language policy, plagiarism policy, 2024 General Handbook for students

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1. Welcome

The Department of Financial Accounting as well the lecturing team on the

programme would like to extend a warm welcome to our Advanced Diploma in
Accounting students. We trust that you will enjoy your participation in the
programme and will grow in knowledge, understanding and competence in the
field of Financial Accounting.

2. Using your online ThinkLearnZone (Moodle) classroom

All taught subjects/modules have their own online classroom on the
ThinkLearnZone. You can access your classroom at https://tlzprod.dut.ac.za

Click on (Log in) on the top right corner

On the next screen click on “OpenID Connect”

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 Use your dut4life email address to sign (yourstudentnumber@dut4life.ac.za) and
your email password as your password (Dut + first six digits of your ID no., e.g.
Dut980610. For first-time 2020 students - use $$Dut + first six digits of your ID
no., e.g. $$Dut980610)

Ask your lecturer for guidance or check out “how to log in” from here:
https://www.dut.ac.za/faq-students/

The e-learning website also has contact information for help and technical
assistance https://www.dut.ac.za/elearning-contacts/

You can call the e-learning helpdesk on 031 373 67810 or email them on
tlzsupport@dut.ac.za

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3. Introduction to the module

The Advanced Diploma in Accounting is a post-graduate qualification offered

to students that have already completed their undergraduate qualifications and
have had detailed exposure to Financial Accounting, Cost & Management
Accounting, Taxation and Auditing.

In this module Advanced Financial Accounting 4C (module code: ADCF701),

we will be building on prior attained knowledge and competence as well as
exploring the very technical aspects of the International Financial Reporting
Standards (IFRS) covered in this module. This module is going to be integrated
with other modules within the programme.

The scope of Advanced Financial Accounting 4C (Semester 1) includes the

following standards and topics:

 Accounting policies, accounting estimates and errors

 Accounting policies and the effects of changes in accounting policies:
Overview, choice and development
 Changes in accounting policies and disclosure requirements
 Changes in accounting estimates: overview, adjustment and disclosure
 Correction of errors: overview, adjustment and disclosure
 Government grants with the differentiation between grants related to future
expenses, grants related to assets, grants related to loan as a package.
 Borrowing costs
 Interim reporting
 Non- current assets held for sale and discontinued operations.

4. Learning outcomes

Advanced Financial Accounting 4C (Semester 1):

1. Demonstrates an integrated knowledge and application of IAS 8 concerning

accounting policies, accounting estimates and errors, through understanding

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 the definitions and application of the consequences of applying these changes
and interpreting same in practical examples.
2. Recognition, measurement and presentation of government grants (IAS 20)
3. Calculate, recognise and measure borrowing costs and qualifying assets
(IAS23)
4. Identify, analyse, prepare and disclose interim reporting requirements per IAS
34 and the Listing Requirements of the JSE Securities Exchange.
5. Demonstrates an integrated knowledge of non-current assets held for resale
and discontinued operations (per IFRS 5) and its applicability each case study.
Prepare and disclose matters relating to same as prescribed by IFRS 5.

5. Learning, teaching and assessment strategies

a) Learning activities

Learning activity % learning time

Formal lectures: Contact, E Classroom, Class 40%

discussion

Directed learning: Tutorials, presentations 20%

Self-managed learning: Tutorials, presentations 40%

b) Graduate attributes

 Critical and creative thinkers who work independently and collaboratively:

DUT graduates are proficient and competent in their discipline – displaying
their problem-solving skills, resources and abilities at their disposal to
enhance their results. Being exposed to a heterogeneous mix of students
allows a DUT student to accept all members of a team or to work alone to
achieve a common goal.
 Knowledge practitioners:
A thorough working knowledge of recent accounting, taxation and auditing
software that students have been exposed to as well as a theoretical
knowledge of the principles behind the accounting/auditing standards and
fiscal law is advantageous in the field. A DUT graduate has been exposed
to these technologies and theory in their coursework.

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  Effective communicators:
Exposure to oral presentations and group work in undergraduate and self -
study assignments have enhanced student’s presentation and
communication abilities.
 Culturally, environmentally, and socially aware within a local and global
context:
The ability to work well in a culturally diverse team at an
accounting/tax/auditing/financial management client consult will stand a
DUT student in good stead, in terms of opening opportunities for leadership
and promotion.
 Active and reflective learners:
The awareness of the socio-economic climate of the country, and the world
we live in, the state of our environment, political and religious issues are all
matters that academics encourage students to discuss and debate in the
larger academic arena of the University.

c) Assessment

The module have two tests written during the semester,and an end-of-
semester exam. The exam is 60% of the final mark and the semester mark
(DP) is 40% of the final mark. The semester mark (DP) is calculated using
the average of two test marks. A semester mark (DP) of 40% is required to
gain entry into the exam. A final mark of 50% is required to pass each
module.

Semester tests are returned to students within 10 working days of the test
being written. Problem areas are discussed and solutions to tests are
provided to assist with revision.

d) Activities to promote learning

No additional resources will be used in most topics except the prescribed

and recommended materials.

The prescribed textbooks for the modules are:

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 1) Accounting Standards 18th Edition (Oppermann, Booysen & Van Der
Merwe), Cape Town: Juta & Company (Pty) Ltd.
ISBN 978-1-48512-972-1
(For practice questions)

2) GAAP Handbook: Financial Accounting and Reporting Practice

2021 Volume 1&2 (W Badenhorst, L Kotze & D Pretorius)
ISBN 978-0-63900-952-0

3) GAAP Handbook: Financial Accounting and Reporting Practice

2021 Volume 1 (W Badenhorst, L Kotze & D Pretorius)
ISBN 978-0-63900-952-0

4) GAAP Graded Questions 2020 (Kolitz D)

ISBN 978-0- 63900-385-6
(For practice questions) (latest edition may be used)

The latest editions may be used.

Recommended textbooks for the modules are:

1) Descriptive Accounting IFRS Focus 21st Edition (ZR Kopperschaar,

J Rossouw, J Sturdy, HA van Wyk, K Papageorgiou, C Smith & A
Schmulian), Pretoria: LexisNexis (Pty) Ltd.
ISBN 978-0-409-12828-4.

e) Library orientation

Library orientation is offered to individual students on request. The students

are orientated with regards the library environment, subject librarians,
internet and research facilities. This is reinforced and developed within the
modules by the lecturers in preparation for assessments.

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6. Scheme of work

Week Lecture
Commencing Week Topic

Advanced Financial Accounting 4C

The core syllabus of the module is the integrated study of the IAS
statements relating to the following broad areas:
· Government Grants with the differentiation between grants
related to future expenses; grants related to assets and grants
19 February 1 related to loan as a package
· Government Grants with the differentiation between grants
related to future expenses; grants related to assets and grants
26 February 2 related to loan as a package
4 March 3 · Changes in accounting policy: choice and development
· Changes in accounting estimates: overview, adjustment and
11 March 4 disclosure
18 March 5 · Correction of errors: overview, adjustment & disclosure
25 March 6 · Overview chapter 4 + SEMESTER TEST 1 (TBC)
01 April to 5 April- Holidays
Borrowing costs: expensing, capitalisation, deferred tax and
8 April 7 disclosure
· Borrowing costs: expensing, capitalisation, deferred tax and
15 April 8 disclosure
· Interim Reporting: Applicability of IAS 34 and reporting
22 April 9 requirements thereof
· Interim Reporting: Applicability of IAS 34 and reporting
29 April 10 requirements thereof + SEMESTER TEST 2 (TBC)
· Interim Reporting: Applicability of IAS 34 and reporting
06 May 11 requirements thereof Financial instruments
· Non current assets held for sale and discontinued operations.
13 May 12 Applicability of IFRS 5 and reporting requirements thereof.
· Non current assets held for sale and discontinued operations.
20 May 13 Applicability of IFRS 5 and reporting requirements thereof.
· Non current assets held for sale and discontinued operations.
27 May 14 Applicability of IFRS 5 and reporting requirements thereof.
29 May 15 Exam study

03 June – 19 June First Semester Examinations (Exam date still TBC)

7. Copyright and plagiarism

The DUT, Faculty and Department emphasizes the need for academic integrity
in all student learning and assessment activities. Various formal and informal
workshops and training sessions are conducted during the duration of the

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 programme to inform and train students on the plagiarism policies, procedures
and guidelines as well as the relevant tools and techniques for referencing the
materials and resources used in the completion of assessment task. In
particular, the DUT plagiarism declaration must be completed and submitted
with assignments, portfolios, and other formative assessments.

8. Student support

Course material comprise largely a handout which is given to students with

topic notes, model examples, lecture review and self-assessment
questions/solutions and previous exam papers and tests with solutions.

Academic support is provided via tutorials (dependent on funding) and one on

one student consultation sessions. In addition, at risk students and modules
with low pass rates are identified at a departmental/ module levels. Basic study
skill, note taking, and time management concepts are introduced by module
lecturers. Thereafter students are referred to Student Counselling, Student
Health services, Library courses, Financial Aid. Finally, students also have
access to residence study programmes and other courses offered by Student
Governance. An informal system of monitoring and tracking is implemented at
the module level.

9. Work Integrated Learning (WIL), industry, community, and occupation-

related information.

This module does not have a Work-Integrated-Learning component.

10. Quality assurance and enhancement

 The quality of the module will be assured by adhering to the requirements

and regulations as per CQPA
 This course will be benchmarked against other similar offerings at other
HEIs in South Africa

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  Assessments will be moderated as per DUT assessment policy: viz., Tests
are internally moderated, examinations are internally and externally
moderated. Internal moderation is conducted to ensure that marking is
consistent where there are several markers and to provide developmental
feedback to staff on their assessment practice.
 All examiners and moderators will have a relevant qualification one NQF
level above the level they are assessing and have relevant experience.
 Moderator’s reports will be kept on the department files for reference and
future use.
 Learner feedback will be elicited also by administration of LEQs and SEQs
and informally through online discussions. Such student feedback will be
considered for annual quality monitoring and evaluation and to ensure that
the course remains relevant and useful to students.

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