BUSINESS ACCOUNTING

(ACCN 1000)

2023 COURSE OUTLINE

INTRODUCTION

Welcome to the School of Accountancy at Wits. I hope that you enjoy Business
Accounting and that the knowledge and skills that you learn this year will be useful in the
coming years. The course assumes no prior knowledge of Accounting, but students who
have not done Accounting at school will have to work much harder. Those who have
studied Accounting at school need to learn new concepts, and build on your existing
knowledge by being open to new ideas and methodology. You will be encouraged to
think and work independently. During lectures, the lecturer will cover the broad outline
of the topic under discussion, deal with concepts involved and explain approaches to
handle the problem area. After the lectures you are expected to study the topic in depth.

How to use this study guide

This guide is a tool to assist you during your Business Accounting studies this year. The
guide consists of 4 parts.

Part 1 GENERAL INFORMATION

Gives you general information about the course, including:

1 Objectives of the course
2 Staff
3 Format of the courses
4 Course outline
5 Text Books
6 Tests, assessments and examinations
7 Departmental policy with regards to tests and exams
8 Satisfactory Performance (SP) system
9 Recommended study method
10 Extra time applications
11 Time Table

Part 2 LECTURE AND TUTORIAL PROGRAMME

1 The detailed lecture programme and course outline

2 The tutorial programme for the year

Part 3 IMPORTANT STUDENT SERVICES AT WITS and CODE OF

CONDUCT

University of the Page 2 of 23

Witwatersrand©
Business Accounting
Part 1 GENERAL INFORMATION

1. OBJECTIVES OF THE COURSE

• The first phase of the course will cover a brief introduction to the different forms of
ownership, to financial accounting, to the basic elements of the accounting
equation and double-entry bookkeeping.
• Secondly, an understanding of the principle financial statements (Statement of
Financial Position, statement of comprehensive income and cash flow statement)
will be sought. This will cover the financial statements of a sole trader, a
partnership and a company. At the end of this phase, students should be able to
read, prepare and understand the contents of such statements.
• Students will also study the management accounts, principles of budgeting,
internal control and the analysis and interpretation of financial statements.

The primary objective of this course is directed towards potential users of financial
information and not towards potential preparers of such information. Students who
have studied accounting previously should approach the course in this light.

2. STAFF

Course co-ordinator and Lecturer:

Name A Essop
Office FNB Building Room 27
Phone 011-717 8052
Email A.Essop@wits.ac.za

Lecturers:
TBA

Course Administrator:
Name Mrs Nomkhosi Thabethe
Office FNB Building Room 141
Phone 011-717 8057
Email nomkhosi.thabethe@wits.ac.za

Consultation:
Lecturers are available during consulting times to help you with problems that
you are encountering relating to the course.
Please respect these times and do not expect your lecturer to see you at
other times unless an appointment has been made. You can contact the
lecturers via email and you need to allow a reasonable period of time (during
business hours) for them to respond.

University of the Page 3 of 23

Witwatersrand©
Business Accounting
 Do not expect help from your lecturer if you have not been attending lectures
and/or tutorials for no valid reason.

3. FORMAT OF THE COURSE

3.1 LECTURES

The times and venues of the lectures will be placed on Wits Ulwazi/CANVAS.

Students are advised to consult Wits Ulwazi/CANVAS on a regular basis (at

least once a day). Any changes to the lecture programme will be announced on
Wits Ulwazi/Canvas.

3.2 TUTORIALS

There will be approximately 25 -30 students per group. Each group will attend a
one and a half-hour tutorial per week. The class lists and venues for each
tutorial group will be placed on Wits Ulwazi/Canvas after student numbers
are finalised (usually during the 2nd/3rd week of the academic year). Refer
to the Tutorial programme for more detail.

If your name does not appear on a class list, you must EMAIL the course co-
ordinator and administrator. DO NOT ALLOCATE YOURSELF TO A
GROUP. As the group is a large one changing tutorial group’s results in uneven
student numbers per group and will result in you being marked absent.

Once you have been assigned to a tutorial group you will not be permitted to
change groups under any circumstances.

Questions, exercises and problems are set each week for you to complete at
home.
The questions (Q) are multiple choice and ensure understanding of a topic before
moving on to the exercises and problems.
The exercises (E) are generally shorter in length and less complex than the
problems.
The problems (P) are longer and more complex in nature, mostly drawn from
past exams.

The solutions to the questions will be discussed by the tutors at the tutorial.
Some printed solutions will be provided beforehand. It is imperative that you
attempt to do the exercises and problems before you study the solutions.
If you do not do this, you will not gain any benefit from the exercises and
problems. Use each exercise or problem and its suggested solution to learn for
the next one, but do not, repeat, do not, look at a suggested solution before you
have made a reasonable attempt yourself. If you use the suggested solution to
do your answer, you will not develop the ability to solve problems - an essential
requirement for success in Accounting tests and exams. The suggested solutions

University of the Page 4 of 23

Witwatersrand©
Business Accounting
 to the exercises and problems are not all included in this course file and some
will be handed out at the tutorial session and/or made available on Wits
Ulwazi/CANVAS.

When you go to your tutorial you must take with you:

• your blue School of Accountancy file – course pack
• the prescribed text book for the course
• your folder with your answers inside
• paper, writing equipment, and a calculator

The tutorial sessions will usually comprise two parts.

• During the first session, the tutor will discuss and explain problem areas and
you will be given an opportunity to clear up any queries you may have had
when attempting the assignments.

• During the second session, students will be given an opportunity to raise

questions pertaining to any aspect of the work. If you are still experiencing a
problem, stay behind after the tutorial is over and the tutor will help you
individually.

Please note
• that the tutorials are scheduled for 1 ½ hours and you are expected to stay
for the entire time. Sporting and transport arrangements are not an excuse for
leaving early.
• If you have not made a reasonable attempt at the prescribed tutorial
homework, you will be asked to leave the tutorial and will not obtain an
‘attendance credit’ for the week

Students are again advised to consult Wits Ulwazi/Canvas on a regular basis

for any changes to tutorial times and venues.

Students are warned that failure to attend at least 75% of tutorials during
the year may result in you not being permitted to write the final year-end
examination. This is in terms of University rules, and will be enforced.
(refer to SP requirements for further detail)

IMPORTANT

The format of the course (course outline information, lectures, tutorials, tests, etc.) is
subject to change based on the current global pandemic, updates from the University,
etc. These will be communicated via Wits Ulwazi/Canvas. It is your responsibility to
ensure that you have full access to Wits Ulwazi/Canvas. You must read ALL material
(announcements, updates, etc.) and follow ALL instructions/guidelines provided on
Wits Ulwazi/Canvas.

University of the Page 5 of 23

Witwatersrand©
Business Accounting
 4 COURSE OUTLINE (See Part 2 for the detailed lecture programme and
course outline)

Week Week Topic

Commencing
Block 1 Starts 21 February
1 21/2 Introduction to Accounting
2 27/3 Introduction to Accounting theory, Accounting equation
3 6/3 Accounting equation, Journal entries
4 13/3 Journal entries, the ledger, trial balance
Preparation of financial statements from the trial balance
5 20/3 The Statement of Financial Position; Assets and liabilities
6 27/3 Statement of profit and loss/comprehensive income
7 3/4 Test Week
Block 2 Starts 17 April
8 17/4 Measuring and reporting financial performance
9 24/4 Measuring and reporting financial performance
10 1/5 Cost of sales, valuation of stock
11 8/5 Inventory and adjustments
12 15/5 Accounting for Companies
13 22/5 Accounting for Companies
14 29/5 Revision
Block 3 Starts 17 July
15 17/7 The cash flow statement
16 24/7 The cash flow statement
17 31/7 Accounting for Partnerships
18 7/8 Accounting for Partnerships
19 14/8 Computerised accounting, security and control
20 21/8 Computerised accounting, security and control
21 28/8 Revision and Test Week
Block 4 Starts 11 September
22 11/9 Budgets and forecasting
23 18/9 Budgets/Intro to analysis
24 25/9 Analysis and interpretation of financial statements
25 2/10 Management accounting
26 9/10 Management accounting
27 16/10 Revision

University of the Page 6 of 23

Witwatersrand©
Business Accounting
5 TEXT BOOKS

Prescribed Text Books

Title of the Book Authors ISBN Year

Concepts-based Introduction to DL Kolitz & 978 0 70219 785 7 2019
Financial Accounting,6th edition M Kolitz*

Questions, Exercises and DL Kolitz 978 1 48510 235 9 2019

Problems in Financial Accounting:
A Concepts-based Introduction 6th
edition

Note: you will therefore need TWO textbooks for this course.

6 TESTS, ASSESSMENTS AND EXAMINATIONS

Your final course result will be based on the following components:

Assessment Type Weighting Proposed date Time and Venue

April Test 12.5% TBA To be announced

See official exam timetable on wits
June Test 30%
website/examination noticeboard

September Test 12.5% TBA To be announced

See official exam timetable on wits
November Exam 30%
website/examination noticeboard

Accounting Project 5% TBA To be announced

Unannounced To be announced
Concept Tests 10%
Concept Tests
Total 100%

VENUES AND TIMES FOR THE TESTS AND EXAMS WILL BE CONFIRMED AND
PLACED ON THE BUSINESS ACCOUNTING ONLINE PORTAL/Ulwazi.

A course mark of 50% is required to pass Business Accounting

Actuarial Science students should note that they require a higher mark to be
granted exemption from the examinations of the Institute and Faculty of Actuaries of
the UK. The onus rests on the student to confirm this with the respective Actuarial
Institute.

University of the Page 7 of 23

Witwatersrand©
Business Accounting
7 POLICY WITH REGARDS TO TESTS AND EXAMS

Please note the following very carefully:

A sub-minimum of 40% is required for each test.

If your year mark at any time is less than 40% you may need to discontinue the
course (refer to SP requirements).

If you are ill at the time of a test or examination, or cannot be present for a valid
reason:
• the appropriate documentation must be submitted within 72 hours of the test or
exam (It is your responsibility to obtain the documents you are required to fill in,
and provide the supporting evidence necessary to the correct person/s).
Applications with NO supporting documentation and/or incomplete applications
will be rejected.
• Documentation can be obtained by emailing the Course Administrator – Mrs
Nomkhosi (details provided in this course outline). The FULLY COMPLETED
application form with supporting documentation must be emailed to the
administrator and course co-ordinator. If no confirmation of receipt is received
within 48 hours, you need to send follow up emails.
• A candidate who falls ill during an assessment must report immediately to the
chief or senior invigilator who will arrange for him or her to be accompanied to
the Campus Health and Wellness Centre (CHWC).

NOTE: Applying to be excused, does NOT mean that you are excused. Your application
to be excused will be reviewed and an outcome will be determined.

If you are excused the following will apply:

April, June and September tests: you will be excused from these tests and your year
will be adjusted accordingly. For example, if you are excused from the June test, your
year mark will be out of 75, i.e. April will count 10/75, September 10/75, concept tests
10/75 and November 45/75.

There is no “sick test” or deferred test for the April, June and September class tests.
The rules as stipulated above will apply. (same for concept tests)

November exam: If you apply for deferment (deferred exam) or you are granted a
supplementary, you must keep in touch with your faculty and the School of Accountancy,
and look for notices regarding the date of the exam. It is your responsibility to ensure
that you know the date, time and venue of the deferred exam.

Concept tests: If you are ill at the time of a concept test, or cannot be present for a
valid reason, you must submit to the course administrator,
• a doctor’s certificate within 72 hours if you are ill,
• Or a letter explaining your absence, with full details and supporting
documentation as evidence.

University of the Page 8 of 23

Witwatersrand©
Business Accounting
Rules for the awarding of Supplementary Exams
No supplementary exams will be awarded to any students in the Faculty, except as
specified in the paragraph below:

A student in their final year of study may be awarded a maximum of two Special
Supplementary Exams if the following conditions are met:
• The student must have no more than two outstanding courses (either full year or
semester courses, regardless of course level or points value) for degree
completion and graduation (as per the rules of the degree they are registered for).
• The student must have attained a mark of 40% or higher for both outstanding
courses.

The Special Supplementary Exams will be awarded by the Faculty Examinations

Board. If you have not been awarded a Special Supplementary Exam, then it means
that the Examinations Board did NOT grant you one. Students who do not write the
awarded Special Supplementary Exams will not be eligible for deferment of these exams
under any conditions.

Please note:
If you write a test or exam, you may not be excused after that test or exam even if you
were ill at the time, unless you go directly to campus health and receive a doctor’s
certificate. If you are ill at the time of a test or exam and you decide not to write you must
obtain a doctor’s certificate.

Misreading of test and examination timetables is not grounds for an excused/

deferred assessment.
You also may not rely on any verbal discussion of test / exam dates, times and / or
venues given by any staff. Only rely on official University timetables.

Final course mark sub-minimum

A student must obtain a minimum of 45% for the final examination in order to
pass the course, irrespective of the year-to-date or total mark. Students who have
passed the year but failed to obtain at least 45% for the final examination will not be
granted credit for the course. Sub-minimum rules will also apply to deferred exams
/special supp exams.

MARKS:

Marks will be posted online. It is your responsibility to check that your marks have
been recorded correctly. Incorrect or missing marks are to be reported in writing (via
e-mail to the course coordinator) within one (1) week of the marks being released. If
you do not receive confirmation of email receipt within 48 hours, you need to send
another e-mail. It is YOUR responsibility to follow up on this. Marks will be
considered final TWO weeks after being released (unless an official course
announcement states otherwise).

University of the Page 9 of 23

Witwatersrand©
Business Accounting
8 SATISFACTORY PARTICIPATION/PERFORMANCE (SP) REQUIREMENTS

You are required to:

• Attend 75% of all lectures provided during the year. Card readers have been
installed in all the lecture venues and students are required to swipe their
student card in order to record their attendance at the lecture.
• Present yourself and attempt all class tests and examinations.
• Make a reasonable attempt to answer ALL of the tutorial questions set for
the year. If you have not done this, you will be asked to leave the tutorial and
will not obtain an ‘attendance credit’ for the week.
• Attend not less than 75% of the tutorial classes.
• Achieve at least 40% for each test.

If ALL the satisfactory participation/performance requirements are not met, you

will not be permitted to write the final October/November exam.

If you have a problem attending tutorials or lectures because of a valid

reason (for eg. Medical grounds), AND risk losing SP, please email the
course co-ordinator or lecturer at the time. Do not leave it to the end of the
year when you have been refused SP. Valid supporting documentation will
be required.
NOTE - if you miss less than 25% of tutorials or lectures for whatever
reason, then you do not need to provide us with reasons or proof.

If you have a clash with other courses (for lectures or tutorials), you should
consider de-registering from one of the courses, and completing it in another
year.

To summarise:
A student will NOT be permitted to write the final exam unless:
• 75% of all lectures have been attended,
• he/she has attended 75% of all tutorials
• he/she has completed the tutorials satisfactorily.
• he/she has attained at least 40% for each class test.

SP lists will be placed on Wits Ulwazi/Canvas in the latter part of the year.

9 RECOMMENDED STUDY METHOD

Preparation before class

Read the relevant section in the course pack and textbook to familiarise yourself
with the content thereof.

During the class

Bring your course pack file with you.
Listen attentively in class and take down notes so that it will be of assistance to
you at a later stage.
Ask questions if you don’t understand.
University of the Page 10 of 23
Witwatersrand©
Business Accounting
 After class

• Study your lecture notes and textbook (The notes in the course pack
provide an introduction and overview of the section, and you must use it
in conjunction with one of the recommended textbooks).
• Make a note of anything you still don’t understand.
• Go back to your notes and textbook and try to clarify all the points you do
not understand. If you still do not understand, then ask your tutor or
lecturer to clarify your problem areas.
• Complete your tutorials, without looking at the solutions. (Don’t use the
ooh/aah method of completing the exercises!)

Weekly time guide

You should spend at least 2 hours per day/ 10 hours each week on the course.
If you do not spend the suggested time you will not gain maximum benefit from
the course.

Each of the following activities is an essential component of your involvement in

the course:
▪ 1 ½ hours reading prior to the lecture
▪ 3 hours reading after the lecture and re-working examples
▪ 3 ½ hours preparation for tutorials
▪ 2 hours review of problem areas from your tutorials – after the
tutorial session

Additional work
The guidelines above indicate the MINIMUM amount of time that you should
spend on the course.

SP refusals will be placed on Wits Ulwazi/Canvas during the latter part of

the fourth block.

10 Additional Time Applications

Extra time may be extended to students whose proven disability prevents them from
completing an assessment in the allotted time. Applications must be made within the
first three weeks of the commencement of a course in each academic year. Late
applications will not be considered, other than in exceptional circumstances, e.g.
acute injury. Extra time granted for matriculation examinations does not apply - a new
application to the University must be made.

Application forms are available in the Faculty Offices, Disability Unit (DU), Campus
Health and Wellness Centre (CHWC), and Examinations and Graduation Office
(EGO). If you are granted extra time, you need to inform the course co-ordinator AND
administrator immediately. Failure to do so may result in not receiving extra time.

University of the Page 11 of 23

Witwatersrand©
Business Accounting
NOTES:

University of the Page 12 of 23

Witwatersrand©
Business Accounting
11 TIME TABLE

Weekly Timetable 2023

break break break
Period 1 2 3 4 5 6 7 8
8:00- 9:00- 9:45- 10:15- 11:15- 12:30- 12:30- 13:15- 14:15- 15:15- 16:15-
Time 8:45 9:45 10:15 11:00 12:00 12:30 13:15 14:15 15:00 16:00 17:00

Monday A A E E D C C C
Tuesday B B A A E D D D
Wednesday C C B B A E E E
Thursday D D C C B A A A
Friday E E D D C B B B
 Part 2 LECTURE AND TUTORIAL PROGRAMME

1 LECTURE PROGRAMME

Week Week Topic Student

Commencing notes/reference
Block 1 Starts 28th February
1 21/2 Introduction to Accounting
• Forms of ownership
• Nature and role of financial accounting
• Qualitative features of accounting
• The major financial statements

2 27/3 The accounting equation and journals

• The accounting equation and the use of the
terms 'debit' and 'credit'
• Introduction to Journals
• Capturing financial transactions – journal entries
• Intro to ledger (T accounts)
• Posting transactions to ledger accounts

3 6/3 The accounting equation and journals

(Continued)

4 13/3 TB and preparation of Financials using TB

• Preparation of the trial balance
• Adjustments to TB
• The relationship between financial transactions
and the financial statements
• Use of the trial balance to prepare simple
financial statements for a sole trader

5 20/3 The Statement of Financial Position; Assets and

liabilities
• The Statement of Financial Position
• The classification of assets and liabilities
• Accounts receivable, account payables,
Inventory, Cash

6 27/3 Statement of Comprehensive Income

• Consideration of certain aspects of the
statement of comprehensive income
• Revenue – Sales and Service income
• When to recognise revenue and expenses in the
preparation of the statement of comprehensive
income.
• PPE and Depreciation, sale of assets
 • Bad debts

7 3/4 Test Week (Provisional)

Block 2 Starts 17 April
8 17/4 Measuring and reporting financial performance
• Adjustments to the statement of comprehensive
income
• Introduction to the statement of changes in
equity
• Relationship between the Statement of
Financial Position, the statement of
comprehensive income and SOCIE
• Disclosure requirements

9 24/4 Measuring and reporting financial performance

(Continued)
10 1/5 The concept of inventory and COS
• Inventory systems
• Accounting for inventory and purchases
• Inventory valuations
• Inventory journals and closing accounts
• - Adjustments and cost of sales

11 8/5 The concept of inventory and COS (Continued)

12 15/5 Accounting for Companies

• The nature and legal status of a company

• The role of shareholders and directors
• Share capital and share issues
• Theory – debentures, rights issues, etc.
• The Companies Act

13 22/5 Accounting for Companies (Continued)

14 29/5 Revision

Block 3 Starts 17 July

15&16 17/7 The cash flow statement
• The importance of cash and cash flows
• The three major areas of cash flow
• Introduction and Format of the cash flow
statement

17 24/7 The cash flow statement

• Preparation of the cash flow statement
University of the Page 15 of 23
Witwatersrand©
Business Accounting
18 31/7 Accounting for Partnerships
• The nature and legal status of a partnership
• Provision of finance for a partnership
• Formation of a partnership
• Financial statements of a partnership and
differences compared to company financial
statements
• Partnership Journal entries and The statement
of changes in equity

19 7/8 Accounting for Partnerships (Continued)

20 14/8 Computerised accounting, security and control
• Introduction to Computerised Accounting
• Understand and explain the role of information
and IT in solving business and accounting
problems
• Identify and understand the information needs
that exist within organisations
• Identify and understand the process through
which information is created and communicated
to meet the needs of users
• Identify and understand how the IT
infrastructure can assist organisations in
increasing the quality of information supplied to
users
• Describe and suggest how the environment in
which information and IT are used, should be
managed to increase the quality of information
supplied to users
• IT Systems, risks and implementation of control

21 21/8 Computerised accounting, security and control

(Continued)
28/8 Revision and Test Week (Provisional)
Block 4 Starts 11 September
22&23 11/9&18/9 Budgets
• The nature and use of budgets
• Monthly projected statement of comprehensive
income
• Introduction to cash budgets vs. accrual basis
budgeting
• Cash budgets and planning

23&24 25/9&2/10 Analysis and interpretation of financial

statements
• The needs of different users of financial
statements

University of the Page 16 of 23

Witwatersrand©
Business Accounting
 • The difference between fundamental and
technical analysis
• The classification of financial ratios
• Calculating and interpreting financial ratios
• Analysis of financial statements

25 9/9 Management accounting

• Introduction and background to management
accounting
• Basic differences between management
accounting and financial accounting
• Management accounting flow chart
• Cost classification for decision-making and
planning
•
26 16/10 Management accounting (Continued)
• Classification of costs for control – activity
based costing
• Relevant costing and cost centres
• Opportunity costs
• Management accounting rate determination and
allocation

27 23/10 Revision

University of the Page 17 of 23

Witwatersrand©
Business Accounting
2 TUTORIAL PROGRAMME

Prescribed Text Book for Tutorials

Title of the Book Authors ISBN Year

Questions, Exercises and DL Kolitz 978 1 48510 235 9 2019
Problems in Financial Accounting:
A Concepts-based Introduction 6th
edition

Tutorial questions come from the prescribed textbook as per above (unless
otherwise advised for specific extra questions).

• Each week you will be expected to complete the exercises listed below,
BEFORE your tutorial. The solutions to these exercises will be given to you in
your course pack.
• During the tutorial you will be given an opportunity to ask questions and clarify
any work that you do not understand.
• During the year there will be Concept tests which count towards your year
mark.

TO BENEFIT FROM TUTORIALS, YOU ARE REQUIRED TO STUDY THE

RELEVANT CHAPTERS AND SECTIONS IN THE TEXTBOOK FIRST.
SOME OF THE TUTORIAL QUESTIONS HAVE BEEN ASSIGNED PRIOR TO THE
LECTURE TO ENCOURAGE STUDENTS TO PRE-READ. TUTORS ARE AWARE
OF THIS AND REVISION TUTORIALS HAVE BEEN ALLOCATED TO REVISIT
THESE QUESTIONS IF THE NEED ARISES.

University of the Page 18 of 23

Witwatersrand©
Business Accounting
The Tutorial Programme is divided into 4 blocks for the academic year.

BLOCK 1

Week Week starting 6th Edition Question

Book
1 21/2 No Tutorials
2 27/3 Intro Tutorial
3 6/3 E16-1
Q1-1,2,3,4,5
E1-1
Q2-8, 3, 4, 6, 9, 4, 2, 10
E2-2 and 3

4 13/3 Q4-5, 9, 10
E4-2
P4-2
5 20/3 Q3-2, 9, 10
E3-1
E3-2
E3-3
E3-4

6 27/3 E3-5
E3-6
P3-1
P3-2

7 3/4 Q16-2
E6-5
Revision

BLOCK 2

Refer to tutorial pack

University of the Page 19 of 23

Witwatersrand©
Business Accounting
IMPORTANT INFORMATION REGARDING
LECTURE TIMES AND VENUES:

PLEASE REFER TO THE BUSINESS ACCOUNTING ANNOUNCEMENTS FOR

VENUE AND TIME OF YOUR LECTURES AND TUTORIALS. THE INFORMATION
ON WITS ULWAZI/CANVAS SUPERCEDES THE LECTURE TIMETABLE GIVEN
TO YOU AT REGISTRATION, SO PLEASE FOLLOW THE INSTRUCTIONS ON
WITS ULWAZI/CANVAS.

NOTE: THIS COURSE OPERATES ON THE DIAGONAL SYSTEM (REFER TO

AND STUDY THE TIMETABLE IN THIS PACK). EACH DIAGONAL HAS FOUR
LECTURE PERIODS and TWO TUTORIAL PERIODS PER WEEK.

TUTORIALS START IN THE 2ND WEEK OF BLOCK 1

Disclaimer
In the event of any inconsistency between information contained in this
course outline and the rules, regulations, policies, procedures, practices
and standing orders as approved by the University Senate or Council or
both, the University’s Rules shall prevail.

University of the Page 20 of 23

Witwatersrand©
Business Accounting
Part 3 IMPORTANT STUDENT SERVICES AT WITS
There are a variety of services which you can use at WITS. These services are to your
benefit – use them! They include the following:

Counseling and Careers Development Unit (CCDU)

CCDU’s offers the following services to the WITS students:
• Careers services: assessment and in-depth career counseling
• Employment assistance
• Individual and group therapy
• Wits Crisis centre
• Sexual harassment office

Contact detail: Tel: (011) 717-9140/3/2. Email: info@ccdu.wits.ac.za

CCDU Building, Enoch Sontonga road, Gate 9 West Campus

Financial Aid and Scholarships Office

Financial assistance as a whole is awarded to a student according to the level of the
student’s need taking into account the financial circumstances of the student’s family.
The financial assistance may be in the form of a financial aid package, a bursary, a
scholarship, a contract and/or a loan.

Contact detail: Tel: (011) 7171072.

Email: nteyin@finaid.wits.ac.za
Ground Floor, Senate House

Campus Health and Wellness Centre (CHWC)

The CHWC is a registered professional medical practice. All its patient records are therefore
confidential. (Information will only be released with written permission of the patient, or upon
a court-ordered subpoena, or in the case of a life threatening illness.)
Services available include:

• Health education/promotion
• HIV testing with pre-and post-test counseling
• Family planning
• Immunizations
• Minor surgical procedures
• Counseling and medical consultations

Contact detail: Tel: (011) 717-9111/3

Matrix Building (downstairs), East Campus

University of the Page 21 of 23

Witwatersrand©
Business Accounting
SoA OHS&E (Occupational Health, Safety & Environmental)

What the School of Accountancy expects from its students?

* All students are expected to take reasonable care of themselves and others.
* Any unsafe, unhealthy or environmentally unacceptable conditions need to be
reported to your lecturer/reception or OHS&E representatives or Emergency
contact numbers as below:

Emergency contact numbers

* Campus Control:
011-717 4444/6666
* Campus Health (office hours) not all hours:
011-717 9111/9113

Evacuation procedures

In the event of a fire or a fire alarm or any other disruption:

• Remain calm
• Take the matter seriously
• Alert others without placing yourself at risk
• Listen and obey instruction by lecturer/s and Evacuation Officers.
• Exit routes will be pointed out to you
• Walk fast, without running towards the fire escape doors
• Assist any physically challenged students or other people.
• Do not run
• If you are not on the ground level, do not use an elevator or lift
• Do not re-enter the building until an ‘all clear’ announcement has been given

University of the Page 22 of 23

Witwatersrand©
Business Accounting
CODE OF CONDUCT

The school of Accountancy strives to provide world-class accounting education by maintaining the
currency of its courses and continuously improving its teaching, learning and research capabilities.
Excellence in the accounting education provided is demonstrated by, among other things, the excellent
pass rates that our graduates are achieving in both parts of the Qualifying Examination of the
accounting profession, the scholarly work that is being produced and the leadership status that our
graduates are achieving in business and industry. Following this tradition, the School will continue to
have as one of its objectives, the installation in its graduates of the qualities of critical-lateral thinking,
integrity, ethics and diligence. In order to achieve this objective in the changing professional
environment, the School expects both its staff and its students to adhere to a sound code of conduct.

Students in the School of Accountancy are expected at all times:

 To take appropriate responsibility of their own education;

 To address themselves conscientiously to their studies;
 To have a reasonable working knowledge of the University, Faculty and School rules,
particularly in relation to the degrees and courses for which they are registered;
 To behave in a manner which is appropriate to the profession towards which they are studying;
 To conduct themselves in a manner which does not breach the University’s disciplinary code;
 To conduct themselves in an appropriate manner in lectures and tutorials;
 To attend and participate in all lectures and tutorials required for a particular course;
 To prepare themselves properly for all lectures and tutorials;
 To undertake all recommended readings;
 To prepare themselves appropriately for tests and examinations;
 To make their best effort to achieve success in all their examinations, tests, and other
assessments;
 To hand in all assignments on time and in the manner directed;
 To present appropriate, valid, documented explanations for missing examinations, tests, and
other assessments;
 To seek guidance from the academic staff, or other appropriate University personnel relating to
personal problems in so far as they affect your academic performance, particularly when poor
performance may result in exclusion from further registration;
 To discuss problems relating to the content or presentation of a course with the lecturer
concerned, and if necessary, thereafter with the course coordinator, the Divisional Head or the
Head of School;
 To treat all members of the staff of the School and fellow students with respect and courtesy;
 Not to make unreasonable demands of the teaching and administrative staff of the School; and
 To partake in lecturer and course assessments on a fair basis when requested to do so.

University of the Page 23 of 23

Witwatersrand©
Business Accounting