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ZUG1006 – Introduction to accounting

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

  • Second Semester 2017 (Day)

15 Credits


The principal aim of this unit is to provide students with basic accounting knowledge, an understanding of the theoretical conceptual framework of accounting, and the accounting elements.
The unit focuses on developing an appreciation of accounting and control system needed to record transactions and prepare financial statements. There is also a focus on the theoretical principles in the conceptual framework of accounting, and the ways in which those principles are used in the context of an accounting and control system.


  • Record basic transactions using the principles of double entry and summarise the results in financial statements.
  • Record specialised journals, adjusting and reversing journal entries.
  • Explain the controls in accounting systems including the use of control accounts
  • Apply the definitions of the accounting elements given in the Conceptual Framework to the recording of the elements.
  • Apply critical thinking and problem-solving in individual and group activities in introductory accounting matters using the theoretical basis of the conceptual framework.


Within semester assessment: 50%
Examination: 50%

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.


Basic accounting, costing and financing


Introduction to financial accounting; Financial accounting