Apply Now

ZUG1002 – Basic accounting, costing and financing

Undergraduate – Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.


Business and Economics


South Africa

  • First Semester 2017 (Day)

15 Credits


The principal aim of this unit is to provide students with the basic underpinnings of accounting, finance and costing that are critical to all businesses. This unit focuses on the need for accountability in business and starts with an understanding of the basics of the accounting system needed to record transactions and prepare financial statements; it explores the basic principles of various costing methods; considers frequently used finance options and their cost for finding business activities and considers the early signs of business or cash flow problems with possible turn around options.


  • Record basic transactions, adjust entries and summarise the results in a ledger and trail balance.
  • Prepare a basic set of financial statements, including adjusting journal entries and interpreting the results.
  • Prepare a basic break-even analysis and consider the impact thereof on pricing decisions.
  • Prepare a basic cash budget.
  • Identify generally available sources of finance and calculate their cost.
  • Identify the early indications of business or cash flow problems and identify a possible solution.


Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 150 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.