Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
The principal aim of this unit is to provide students with the theoretical underpinnings and practical application of financial accounting as grounded in the International Financial Reporting Standards (IFRS). The unit is an introduction to the International Financial Reporting Standards that are applied in financial accounting internationally, including South Africa. It revises the Conceptual Framework which forms the basis of all the International Financial Reporting Standards and then focuses on the application of individual standards of revenue, various assets, provisions and contingent liabilities/assets and events after the reporting period.
Within semester assessment: 40%
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.
Introduction to accounting
Financial accounting A