COLLEGE OF BUSINESS

AND ECONOMICS

DEPARTMENT OF
COMMERCIAL ACCOUNTING

LEARNING GUIDE
SEMESTER 1 2025
ACKNOWLEDGEMENT
Author: FAC3 TEAM

Financial Accounting 3A
FAC33A3

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 Table of Contents

Module NQF level .............................................................................................................. 3

Duration of module ............................................................................................................ 3

Lecturers’ information ...................................................................................................... 3

Lecturing timetable and venues ...................................................................................... 4

Suggested work flow......................................................................................................... 6

Prescribed textbooks ........................................................................................................ 8

Purpose of the module ..................................................................................................... 8

Composition of module (brief outline)............................................................................ 8

Lecture / work schedule ................................................................................................... 9

Module learning outcomes ............................................................................................. 10

Module assessment criteria ........................................................................................... 10

Assessment schedule / opportunities .......................................................................... 11

Assessment mark allocation.......................................................................................... 11

1
 INTRODUCTION

Where to start:

• You should have the following material:

• This Financial Accounting 3A (FAC33A3) learning guide.

• A Moodle content area for each learning unit, providing lecture slides and practical
and tutorial activities for the unit.

• Additional support material will also be uploaded that will assist you in your learning
process. This may consist of Youtube videos, lecture examples explained etc.

• You will be required to access U-link every day to check for class announcements, any
additional study material and tutorial and test solutions.

• To log onto the student portal go to http://student.uj.ac.za or email your lecturer for
assistance.
• Explore these different tools for important information:
- Class calendar and announcements,
- Lecture/ work schedule,
- Additional study material,
- Solutions to tests and tutorials,
- Staff contact details; and
- Assignment and assessment details.

2
 Module specific information

Module NQF level

HEQF and NQF level 6

Credits, calculated according to notional hours 16

Duration of module

Semester 1, 2025
Learning will be conducted using a hydrid model of online and face-to face sessions. Please see the
guidelines on page 4 for assistance.

Lecturers’ information

Name Campus Office no Ext no

Saajidah Adam SWC GNA 264 5674

saajidaha@uj.ac.za

Samukelisiwe Hlatshwayo SWC GNA 264 5674

samukelisiweh@uj.ac.za

Carley Chetty
Carleyc@uj.ac.za SWC GNA 272 5086

Consultation Time Location

Wednesday 12h00 to 14h00 GNA 264 or GNA 272
Friday 8h30 to 9h30 GNA 264 or GNA 272

Lecturers will be available throughout the semester – please do not leave your queries for the
day before the assessments.

3
Lecturing timetable and venues

SOWETO (SWC)

Group K

Lecture/Practical/Tutorial Day Time Venue

Lecture (Online) Wednesday 08h00 – 09:30
Online lecture

Practical session Friday 09:40 – 11:15 GNA B01

Tutorial Monday 14:40 – 16:15 B5
Tutorial practice session K1 Thursday 09:40 – 11:15 GNB 202
Tutorial practice session K2 Thursday 09:40 – 11:15 GNB 203

Group L

Lecture/Practical/Tutorial Day Time Venue

Lecture (Online) Wednesday 08h00 – 09:30
Online Lecture

Practical session Thursday 11:20 – 12:55 GNA B01

Tutorial Tuesday 08:00 – 09:35 B5
Tutorial practice session L1 Wednesday 16:20 – 17:55 GNB 202
Tutorial practice session L2 Wednesday 16:20 – 17:55 GNB 203

Group M

Lecture/Practical/Tutorial Day Time Venue

Lecture (Online) Wednesday 08h00 – 09:30
Online Lecture

Practical session Thursday 08:00 – 09:35 B5

Tutorial M1 Tuesday 11:20 – 12:55 GNB 202
Tutorial M2 Tuesday 11:20 – 12:55 GNB 203
Tutorial practice session Wednesday 09:40 – 11:15 GNA B01

4
Group N

Lecture/Practical/Tutorial Day Time Venue

Lecture (Online) Wednesday 08h00 – 09:30
Online Lecture

Practical session Wednesday 14:40 – 16:15 GNB 103

Tutorial N1 Thursday 12:10 – 13:45 GNB 202
Tutorial N2 Thursday 12:10 – 13:45 GNB 203
Tutorial practice session Tuesday 11:20 – 12:55 GNA B01

Group O (FSO students)

Lecture/Practical/Tutorial Day Time Venue

Lecture (Online) Wednesday 08h00 – 09:30
Online Lecture

Practical session Thursday 13:00 – 14:35 GNB 106

Tutorial Monday 10:30 – 12:05 GNA B03
Tutorial practice session Wednesday 14:40 – 16:15 GNB 202
O1
Tutorial practice session O2 Wednesday 14:40 – 16:15 GNA B02

5
Suggested work flow

A blended approach will be followed (a mixture of online and face-to-face classes):

Classes: Details:
1. Lecture (Theory Classes) Online Moodle classes on
Wednesday at 08h00

Please see lecture schedule

All students in all groups to attend

as there are no other classes at that
time.

2. Practical Classes In the same week as the topic is

covered in the theory class. For
example, the practical class on the
Conceptual Framework will take place
in the same week as the theory lecture
for the Conceptual Framework

The practical class will be a face-to-

face class on campus in your
allocated group in the times
indicated above.

The practical classes will be with a

lecturer.

Please attend in the session

allocated to you.

3. Tutorial Classes & Tutorial Practice See lecturing timetable for your group
Classes to see when your tutorial and tutorial
practice session are taking place.

The tutorial class & tutorial practice

classes will be face-to-face on
campus in your allocated group in
the times indicated above.

6
The following is a suggested guideline of how you should approach your work for the remainder of
the semester:

Action When
1. Read the slides for the topic to be covered. In the week prior to when the topic will
be covered.

Attend the online lecture class on Please see lecture schedule

Wednesday at 08h00
2. Attempt the practical question for the topic. After you have been through the
theory.

Attempt the practical question under exam

conditions to test whether you’ve understood
the material or not.

After completing the question, attend the Please see lecture schedule and group
face-to-face class practical class on allocation.
campus in your allocated group.
3. Attempt the tutorial question for the topic. Before you attend the tutorial on
campus.
4. Attend the tutorial on campus. Please see the lecture schedule in the
time allocated to you/your group.

Ask any questions you may have on the Remember to attend the tutorial
tutorial itself as well as any other principles in practice session as well.
the learning unit.
5. Consultation Please see consultation times on U-
Link

6. Quiz on each respective topic. Please see communication on moodle

when a quiz will open, for a unit.
Each quiz will test whether you’ve understood
the principles in the topic.

These quizzes will also help you prepare for

the upcoming tests and exam.

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Prescribed textbooks

Gripping GAAP
2024/25
CLService
Softcover ISBN 9781776177585
E-book ISBN: 9781776177653
Lexis Nexis.

GAAP: Graded Questions

2024/25 Edition
CL Service and DL Kolitz
Softcover ISBN: 9781776177592
E-book ISBN: 9781776177660
Lexis Nexis

These are the same books that were used for Financial Accounting 2

The purpose of this module is to provide students with the knowledge to identify, measure,
recognise, present and disclose advanced transactions and events in entities with the focus on
International Financial Reporting Standards, with the aid of accounting software, where applicable.

Composition of module (brief outline)

Learning unit 1 Conceptual framework

Learning unit 2 Property, Plant and Equipment
Learning unit 3 Intangible assets
Learning unit 4 Borrowing costs
Learning unit 5 Financial Instruments
Learning unit 6 Leases

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Lecture / work schedule

Tutorial Classes and tutorial practice classes to follow in the week after the online lecture &
practical class

Contact sessions Learning

Title
– week starting Unit

12/02/2025 1 Conceptual framework

19/02/2025 2 Property, plant & equipment

26/02/2025 2 Property, plant & equipment

05/03/2025 2 Property, plant & equipment

12/03/2025 1-2 No classes

Assessment opportunity (Test1)
12/03/2025

3
19/03/2025 Intangible Assets

4
26/03/2025 Borrowing costs

29/03/2025 – Mid-semester break

06/04/2025
09/04/2025 5 Financial instruments 1

16/04/2025 5 Financial instruments 2

23/04/2025 2-4 No classes

Assessment opportunity 2 (Test 2)
22/04/2025

30/04/2025 5
No classes
Public Holiday 21 April 2025
Public Holiday 1 May 2025
University Holiday 2 May 2025
07/05/2025 6 Leases

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 14/05/2025 6 Leases 2
Sick Test 14/05/2025

21/05/2025 Revision

24/05/2025 - Study break

28/05/2025

1-6 FINAL ASSESSMENT:

30/05/2025

Module learning outcomes

At the end of this module you should be able to do the following:

Conceptual framework
Understand and apply the concepts that underlie the preparation and presentation of financial
statements for external users.

Property, plant & equipment

• Identify, recognise, measure, present and disclose property, plant and equipment in the financial
statements, including the relevant notes.
• Identify, recognise, measure, present and disclose an impairment loss or revaluation in the
accounting records and financial statements of an entity.

Intangible assets
• Identify, recognise, measure, present and disclose intangible assets in the accounting records
and financial statements of an entity.

Borrowing costs
• Identify, recognise, measure, present and disclose borrowing costs in the accounting records
and financial statements of an entity.

Financial instruments
• Calculate and record transactions relating to the buying and selling of financial instruments
• Identify, recognise, measure, present and disclose financial instruments, namely preference
shares, unit trusts, government bonds, corporate shares and available for sale financial assets,
in the accounting records and financial statements.

Leases
• Identify, recognise, measure, present and disclose leases in the accounting records and
financial statements of a lessee.

Module assessment criteria

Assessment criteria relating to the specific units in this module will be discussed in that specific
learning unit notes.

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 Assessment schedule / opportunities

Assessment Learning units Assessment date Assessment

covered method
Test 1: 1–2 12 March 2025 Test on campus – 1
hours, 30 minutes
Test 2: 2–4 22 April 2025 Test on campus – 1
hours, 30 minutes
Sick Test 1 and 2 Same as test 1 14 May 2025 Test on campus – 1
and test 2 hours, 30 minutes

Exam: All 30 May 2024 Exam on campus – 3

hours
Quizzes All Continuous
assessment

Assessment mark allocation

Test 1 20%
Test 2 20%
Sick test will replace Test 1 or Test 2
Portfolio of evidence/ Quizzes/ Class tests 10%
Exam 50%
A minimum semester mark of 40% is required to gain access to the exam.
Students must obtain at least 40% in the exam and 50% overall to pass
the module.

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