ANNEXTURE I-SUMMATIVE ASSESSMENT 2

HIGHER EDUCATION PROGRAMMES

Academic Year 2024: January- June

Summative Assessment 2: Accounting Principles (HACP130-1)

NQF Level, Credit: 5, 14

Weighting: 10%

Assessment Type: Research Essay

Educator: S. Mahlanze

Examiner: M. Musingadi

Due Date 10 June 2024

Total 20 Marks

Instructions

1. Summative Assessment 2 (SA 2) must be submitted online on or before 10 June 2024

2. The essay must be a minimum of 600 (six hundred) words and should not exceed 750
(sevenhundred and fifty) words.

3. The essay structure must be as follows:

● Cover Page:
o Name
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o Surname
o Student Number
o Name of your Support Centre (i.e. Boston, Braamfontein)
● Introduction: Tells the reader what the essay is about.
● Body / Main Content: Is based on research and relates to the essay question or topic that
hasbeen set.
● Conclusion: Is a summary of what has been covered in the essay, it may also
includesuggestions / recommendations.
● Reference list: (not included in the word count): the Harvard Referencing Method must
beadhered to with regards to in-text citations and the reference list.
Please make sure you read and adhere to Boston’s Harvard Method of Referencing: A
Beginner’s Guide when referencing, as well as The Beginners Guide to Plagiarism, both are
available in the HE Library module on ColCampus.

4. The essay must be typed, using the following format settings only:
● Font: Arial
● Font Size: 12
● Line Spacing: 1.5

5. For this assessment the following must be adhered to:

● You have been provided with(1) academic source (see below) this source is compulsory
andmust be consulted and referenced when answering the research question.
● The compulsory source(s) must be accessed using the HE Library module on
ColCampusunless otherwise stated e.g. through a hyperlink.
● Compulsory source(s) to use:

Proprietorship, S., 2006. Sole Proprietorship. Essentials of Business and Online Commerce Law:
Legal, E-commerce, Ethical, and Global Environments, p.368. (Accessed 07 Sep. 23)

https://nscpolteksby.ac.id/ebook/files/Ebook/Business%20Administration/The%20Law%20Of%20Busi
ness%20Organization%20-%20John%20E.%20Moye/Chapter%202%20-
%20Sole%20Proprietorship.pdf

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6. Academic sources and accessing credible e-Resources:

Not all sources / texts can be classified as academic sources. Wikipedia, for example, is not
a credible academic source since authors are not identifiable, and editing an article on this
site is very easy. Also, blog posts often provide valuable information, but are not
academically sound.To judge whether a source is credible, consider the following criteria:

• The author should be identifiable through author information, affiliations, and/or

qualifications.
• An academic source has usually been peer-reviewed.
• Academic textbooks or academic journals should be published by a
recognisedauthority/publisher like a university, an academic publishing house, research
organisation etc.
• A list of references should be present, that is, full citations for sources used. Thorough
referenceto research is a crucial characteristic of legitimate academic work.

7. You must make use of the Harvard Method of Referencing. Refer to the examples of
referencing below:

Book, single author:

Holt, D.H. 2017. Management principles and practices. Sydney: Prentice-Hall.

Book, 2 or 3 authors:
McCarthey, E.J., William, D.P. & Pascale, G.Q. 2017. Basic marketing. Cape Town: Juta.

Book, more than 3 authors:

Bond, W.R., Smith, J.T., Brown, K.L. & George, M. 2016. Management of small firms.
Sydney: McGraw-Hill.

Book, no author:
Anon. 2009. A history of Greece. Athens: Cengage.

eBook:
Case, J., Marshall, D. & McKenna, S. 2018. Going to university: The influence of higher
education on the lives of young South Africans [E-book]. Cape Town: African Minds.
Retrieved from https://www.africanminds.co.za/wp-

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content/uploads/2017/06/9781928331698_web.pdf [Accessed 3 June 2019].

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Academic journal article with one author:

Waghid, Y. 2019. On the polemic of academic integrity in higher education. South African
Journal of Higher Education, 33(1):1–5.

Academic journal with 2 or more authors:

Waghid, Y. & Davids, N. 2019. On the polemic of academic integrity in higher education.
South African Journal of Higher Education, 33(1):1–5.

Newspaper article from a webpage:

Motshwane, G. 2019. A missed opportunity: Shakes slams Bafana's Afcon plans. Sowetan
Live, 7 June. Retrieved from https://www.sowetanlive.co.za/sport/soccer/2019-06-07-a-
missed-opportunity-shakes-slams-bafanas-afcon-plans/ [Accessed 8 June 2019].

Court case:
Gold Circle (Pty) Ltd v Maharaj (1313/17) [2019] ZASCA 93 (3 June 2019).

Web based images (figures, graphs, maps, artwork):

Boston City Campus & Business College. 2019. Welcome [Image]. Retrieved from
https://www.boston.co.za/ [Accessed 3 June 2019].

Music or recording:
Makeba, M. 1960. The Click Song [Recording]. YouTube. Retrieved from
https://www.youtube.com/watch?v=Qg4Fp-A7IRw [Accessed 8 June 2019].

Chapter in an edited book (collected work):

Velez, C. 1978. Youth and aging in central Mexico. In B. Myerhoff & A. Simic (eds.). Life′s
career-aging: Cultural variations on growing old. San Francisco, CA: Sage, 107–162.

8.For HACP130-1- Summative Assessment 2 (SA2): You should be working towards a

similarity rating of 30% or less. Where a Copyleaks Cheat Detection Report is issued, your
submission will automatically be treated as if you received a similarity rating in excess of
30%. For this assessment (SA2), if a 30% similarity rating is exceeded, 25% of the
assessment total will be deducted from the final grade.
Delays in viewing the similarity report might intermittently be experienced, especially in the
last few hours before the cut-off time. Students should allow for at least 24 hours for a report

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to be generated. Time management is thus critically important - uploading and checking

similarity scores should NOT be left until the last minute.

Please refer to the Copyleaks Guide for Students in the HE Library module (on ColCampus)
for a basic “how-to” guide to the system.
Suspected Cheating
9.To obtain maximum results, please consult the rubric included in this brief to ensure that
you adhere to and meet all the given criteria.

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Question 1 (20 Marks)

Mfundo recently graduated with a MSc in plant and soil science from the University of Venda. Upon
completion of his studies, he is finding it difficult to get a job. He decided to approach local farmers
to seek advice on how to start a small business to generate some income for his family needs. He
intends to open a small shop selling organic potatoes. His main challenge is he has a limited
understanding on how to start a small business and the legalities involved.

Required:
1. Explain to Mfundo the basic characteristic of a sole trader.

2. How would you motivate Mfundo to establish he’s organic potato shop as a sole trader? In
your answer also explain to Mfundo on the limitation of a sole trader as a business form.

Compulsory sources to peruse:

Proprietorship, S., 2006. Sole Proprietorship. Essentials of Business and Online Commerce Law:
Legal, E-commerce, Ethical, and Global Environments, p.368. (Accessed 07 Sep. 23)

https://nscpolteksby.ac.id/ebook/files/Ebook/Business%20Administration/The%20Law%20Of%20Busi
ness%20Organization%20-%20John%20E.%20Moye/Chapter%202%20-
%20Sole%20Proprietorship.pdf

The following Learning Outcomes are assessed in this assessment:

• Explain the basic characteristic of a sole trader.
• Explain limitation of a sole trader.

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Assignment
content 12
Explanations on the Present well adjusted, significant, and
basic characteristics
valid information that clearly and
of a sole trader
convincingly support the central purpose,
argument, or goals of the question
posed, demonstrate in-depth knowledge
of the basic characteristics of a sole
trader.
6 4
Advantage and limitation Advantaged and limitation of a sole trader
identified and explanations perfectly
of a sole trader
coherent with the discussion
2 0-1
Correct resources and Compulsory sources given has been used.
referencing Correct Harvard referencing.
106
10
Present well adjusted, significant, and
valid information that clearly and
convincingly support the central
purpose, argument, or goals of the
question posed, demonstrate in-depth
knowledge of the basic characteristics
of a sole trader.
Advantaged and limitation of a sole
trader identified and explanations
perfectly coherent with the discussion
HACP130-1-JAN-JUN2024-SA2-MM-V2-24012024
Suggested mark allocation Total
8 6
Present well adjusted, significant, and Present well adjusted, significant, and valid
valid information that clearly and information that clearly and convincingly support
convincingly support the central purpose, the central purpose, argument, or goals of the
argument, or goals of the question posed, question posed, demonstrate in-depth knowledge
demonstrate in-depth knowledge of the of the basic characteristics of a sole trader.
basic characteristics of a sole trader.
2
Only 1 Advantaged and limitation of a sole Advantaged and limitation of a sole trader
trader identified and explanations perfectly identified and no explanations
coherent with the discussion
Compulsory sources given has been used and incorrect Harvard referencing.
Compulsory source given has not been used and incorrect Harvard referencing.
20