ACBP5122

Bev Arentsen CA(SA)

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Text Book: J Maritz, Accounting 1B, 10th Edition 2022, Edge Learning Media

Assessments:
Assignment (LU1-2) :25% Please note:
Test 2 (Lu3-4) : 30% The pace of Semester 2 is much
Exam (all learning units) : 35% faster than that of Semester 1 and
Ice: 10% the work carried out in Semester 1 is
now assumed knowledge. It will not
Dates and Times of Assessment will be given on PAS be re-taught. Please therefore refer
to Semester 1 work where you are
unsure of something.

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 NB for Semester 2 (LU4-7)
Year-end Procedures
What we did in
Semester 1 Salaries and wages

NB for Semester 2 Debtors and creditors

(LU2)

Inventory systems
Credit Journals, General journal and
general ledger
NB for Semester 2 Cash Journals

Vat

Accounting equation and double entry

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Introduction to Accounting
 What we will be doing in Semester 2
Learnin Description No of sessions Own time –at Refer
g unit online/ F2F least/ ice Semester 1
1 Bank reconciliation 6 4 LU4 LU3 Vat rules
from S1 will be
2 Debtors and Creditors 6 4 LU7 (revise this assumed
Reconciliation work) knowledge as
3 Depreciable assets * 8 2 well as how to
prepare a
4 Financial Statements 12 2 LU9/ LU2
journals and
of a sole trader *
posting to
5 Partnerships 4 2 general ledger
6 Close Corporations 5 accounts from
journals.
7 Incomplete records 4 0 Lu2/ Lu9
Revision 1
Sessions given per Learn Guide. 46 14

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 VC Learn
• NB: VC Learn is used extensively.
• It is YOUR responsibility to:
• Ensure that your VC Learn account is working properly
• Your VC connect email is set up so that you receive notifications from VC Learn
• Complete Ice tasks by the deadline given- ice tasks are loaded on VC Learn so that even
if you are not in class, you can complete them. Late ice tasks will NOT be marked.

VC Learn tasks- these assist you in the understanding of the class work and should be
completed even if the task has not been specifically set by the your lecturer. (refer
Learn Module Guide for pacer).

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 ASSIGNMENT
• Covers Learning units 1 to 2. Make a start on the assignment as soon as possible.
Do not leave it to the last minute to submit! Make allowance for possible
issues/things going wrong. Loadshedding is not an acceptable excuse for late
submissions Use Microsoft
• Due 7 September 2022 Word to
generate your
• Read all the instructions carefully and show your workings answerbook.
• Remember: This is NOT a group assignment!!!! Individual photos
of pages are not
• Submit PDF versions on VC Learn – refer acceptable nor
are handwritten
submissions. Use
the time before
the assignment
due date to learn
Word and how to
insert tables-
refer VC Learn6
for tutorials.
 Independent work means:
• No sharing or discussing of answers verbally or electronically
• No sharing of answer booklets electronically or by any other means
• Not asking for or giving help to any students on any of the IIE campuses
• Not asking for help from any persons outside of this Institution, for example
family members, tutors or others
• Not copying the work of any other student, or using answers provided by
other third parties
• No accessing of answers / buying of answers on internet tutor sites

NOTE: This also applies to ICE TASKS set!!!!!

• A Minimum of 4 ice tasks (6 or more will be set) to be completed by the end of the
semester. Note for attendance ice tasks, you will be only be credited with the
attendance task if you have made a reasonable attempt.
• Ice tasks will be loaded on VC Learn and/or completed during a session.
• It is YOUR responsibility to ensure that you complete the ice tasks by the deadlines-
make-up ice tasks will not be given. Refer VC Learn section.
• Ice tasks are assessments and therefore the same rules re copying and plagiarism
apply. Ice accounts for 10% of your mark.
• WARNING: Ice marks can make the difference between passing and failing the
semester. Students have missed CASS in the past because they did not have high
enough ICE marks.
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Reminder from
Semester 1

Source: Albrecht,David. “The Summa” . Ace Your

Accounting Classes:12 Hints to Maximize Your Potential.
https://profalbrecht.wordpress.com/2008/12/30/ace- 9
your-accounting-classes-12-hints-to-maximize-your-
potential/ (30/01/2019)