Course Outline-HFMN330-1-Jan-Jun2024-SM-V.1-31012024

BOSTON CITY CAMPUS
COURSE OUTLINE
Financial Management 3
(HFMN330-1)
Assessment Strategy: AS4
January - June 2024
About the Institution

Boston City Campus (Pty) Ltd, Reg. No. 1996/013220/07, is registered with the Department of Higher
Education and Training (DHET), as a private higher education institution, No. 2003/HE07/002, in terms
of Section 54(1)(c) of the Higher Education Act, 1997 (Act No 101 of 1997), and Regulation 16(4)(a) of
the Regulations for the Registration of Private Higher Education Institutions, 2002.
Disclaimer
This Course Outline forms part of the ‘Boston Student Rules and Regulations’ and is accurate at the
time of publication. Boston City Campus (Pty) Ltd reserves the right to alter any of the content due to
changes in regulations, market requirements and other reasons.
Website: www.boston.co.za
1 Course Outline-HFMN330-1-Jan-Jun2024-SM-V.1-31012024
CONTENTS
1. COURSE INTRODUCTION 4
1.1 Overview
1.2 The Module
1.3 Notional Hours
1.4 Introduction to SAQA, QCs and the NQF
2. CRITICAL OUTCOMES OF THE LEARNING PROGRAMME 7
3. TEACHING, LEARNING AND ASSESSMENT 10

3.1 Learning Philosophy
3.2 Learning Methodology
3.3 Assessment Strategies and Types of Assessments
3.3.1 Self-Assessment and Recommended Reading
3.3.2 Report Writing
3.3.3 True-False Tests
3.3.4 Open-Book Test/Assignment
3.3.5 Multiple-Choice Question Examination
3.3.6 Student-Centred Interaction
3.3.7 Sample Assignment and Examination Papers and Memoranda
3.4 Feedback to Students
4. STUDENT ACCESS TO IT, LIBRARY AND OTHER RESOURCES 15

4.1 Distance Learners and Support Centres
4.2 Hours of Operation
4.3 Head Office Resource Centre
5. COMMUNICATION AND SUPPORT 17

5.1 Student Support
5.2 General and Administrative Support (Administrative – Not course related)
5.3 Academic Support (Course-related – Not administrative)
5.4 Student Wellness
5.5 Summary of Contact Procedure
6. REQUIREMENTS TO COMPLETE THE MODULE SUCCESSFULLY 21

6.1 General
6.2 Comments on the Study Guide and/or Prescribed Textbook
6.3 Prescribed Course Material
6.4 Recommended Reading
6.5 Additional Teaching and Learning Activities
7. MODULE STRUCTURE AND ASSESSMENT SPECIFICS 23

7.1 Module Structure
7.2 Formative Assessments
7.3 Summative Assessments
8. GRADE REQUIREMENTS 26
8.1 General
8.2 Summative Assessment (Examination) Entry Requirements
8.3 Requirements for Promotion and Distinction
8.4 Supplementary Assessments
9. STUDY PROCEDURE AND GUIDELINES FOR COMPLETING ASSESSMENTS 27
10. PLAGIARISM 28
10.1 Copyleaks
11. CONCLUSION 30
ANNEXURES:
A. EXPLANATION OF ACTION VERBS REQUIRED FOR COMPLETING ASSESSMENTS 31
B. PROPOSED STUDY PROGRAMME 32
C. ACADEMIC CALENDAR FOR 2024 42
D. PLAGIARISM INFORMATION SHEET 60
E. BREAKDOWN OF PROPOSED COURSE MATERIAL 65
F. FORMATIVE ASSESSMENT 1 66
G. SAMPLE FORMATIVE ASSESSMENT 1 76
H. SAMPLE FORMATIVE ASSESSMENT 1: MEMORANDUM 86
I. FORMATIVE ASSESSMENT 2 100
J. SUMMATIVE ASSESSMENT 2 106
K. SAMPLE SUMMATIVE ASSESSMENT 1 113
L. SAMPLE SUMMATIVE ASSESSMENT 1: MEMORANDUM 120
1. COURSE INTRODUCTION
1.1 Overview
Welcome to the Financial Management 3 (HFMN330-1) module. This Course Outline is

intended to assist students by providing a detailed support document to help you with
navigating this specific module.
Students are regarded as adult learners who are self-motivated and are treated as such.
Boston places students at the centre of the learning process, emphasising learning as an
“individual act”, thus students take full responsibility for their own learning. Educators will
facilitate learning to enable students to achieve the learning outcomes required in each
module.
The purpose of Financial Management 3 is to provide students with knowledge of net

working capital and cash flow management, managing of accounts receivable, management
of inventories, capital budgeting and cash flow principles, capital budgeting techniques, risk
adjustments, cost of capital, leverage and capital structures, leasing and convertible
securities and business rescue.
1.2 The Module
This module is part of a learning programme or qualification that is registered by the South
African Qualifications Authority (SAQA) on the Higher Education Qualifications Sub-
Framework (HEQSF), which is a sub-framework of the National Qualifications Framework
(NQF) and is structured as follows.
• Module name: Financial Management 3 (HFMN330-1)

• Learning type: Core
• Course level: 7
• Module credits: 10
• Notional hours: 100
1.3 Notional Hours
The South African Qualifications Authority (SAQA) introduced the model of credits related to
notional hours as part of Outcomes-Based Education (OBE). Notional hours are defined as the
amount of time it takes the average student to achieve the learning outcomes as defined for
each course. The model of notional hours prescribes for this 10 credit module, the notional
hours will be 100.
Notional hours can consist of any combination of the following activities: reading, tasks or
self-evaluation exercises, listening or viewing of tapes and videos, attendance of tutorial or
lecture sessions, participation in discussions or online forums, undertaking experiential or
collaborative learning, completing assignments and research work, conducting interviews,
and preparing for and sitting of examinations. It is important to note that this model considers
workload from a student’s perspective and how much time it would take the average student
to comprehend the knowledge, skills, attitudes and values that are embodied in a particular
course (Kilfoil, 2009)1.
Within Annexure B of each Course Outline is a detailed Proposed Study Programme to assist
students with the planning of their studies according to a specific academic workload model,
to ensure success in meeting the required learning objectives and activities within the
required timelines as stipulated in the Academic Calendar (Annexure C).
1.4 Introduction to SAQA, QCs and the NQF
Who is the South African Qualifications Authority (SAQA)?
In terms of the NQF Act 67 of 2008, the South African Qualifications Authority (SAQA) is a
juristic person, given a legal personality by law. SAQA has a Board, whose members are
appointed by the Minister of Higher Education and Training. Identified stakeholders in
education, training and related support practices, nominate these members. SAQA's role is
to:
• Advance the objective and oversee the further development of the NQF;
• Coordinate with the Quality Councils, three sub-frameworks of the NQF; and
• Regulate professional bodies.
In terms of qualifications and professional bodies, SAQA must:

• Develop and implement policy and criteria, after consultation with the QCs, for the
development, registration and publication of qualifications and part-qualifications.
• Develop policy and criteria, after consultation with the QCs, for assessment,
recognition of prior learning and credit accumulation and transfer.
• Develop and implement policy and criteria for recognising a professional body and
registering a professional designation.
What are Quality Councils (QCs)?
Quality Councils (QCs) are sector-based structures responsible for the development and
quality assurance of qualifications on the NQF. There are three QCs for the three main sectors,
namely:
• General and Further Education and Training;
• Higher Education; and
• Trades and Occupations.
The three QCs are:

• UMALUSI, the QC for General and Further Education and Training, which encompasses
schools, and public and private TVET Colleges.
• The Council on Higher Education (CHE), the QC for Higher Education and concerns
itself with universities and private higher education institutions.
• The Quality Council for Trades and Occupations (QCTO), the QC for occupations, which
deals with workplace learning and skills development. Such an example is a
learnership.
1
Kilfoil. W.R. 2009. Credits, Notional Hours and Workload. [Web Access] http://www.unisa.ac.za/ [Access Date:
27 June 2011].
What is the National Qualifications Framework?
The National Qualifications Framework (NQF) is a comprehensive system for the

classification, registration, publication and articulation of quality assured national
qualifications. The NQF is the set of principles and guidelines that enables national recognition
of acquired skills and knowledge, thereby ensuring an integrated system that encourages life-
long learning.
NQF Objectives
The objectives of the NQF, as outlined in the NQF Act 67 of 2008, are as follows:
• To create an integrated national framework for learning achievements;
• To facilitate access to, and mobility and progression within, education, training and
career paths;
• To enhance the quality of education and training;
• To accelerate the redress of past unfair discrimination in education, training and
employment opportunities; and
• To contribute to the full personal development of each citizen/learner and the socio-
economic development of the nation at large.
What Does the NQF Look Like?
The NQF is organised as a series of levels of learning achievement, arranged in ascending

order from one to ten. A statement of learning achievement, known as a level descriptor,
describes each level on the NQF. A level descriptor provides a broad indication of learning
achievements or outcomes that are appropriate to a qualification at that level. The content
of the level descriptors are developed and determined by SAQA, in agreement with the three
QCs.
2. CRITICAL OUTCOMES OF THE LEARNING PROGRAMME
The generic, cross-curricular outcomes of a programme supports all aspects of the learning
process, and a disciplinary specialist within Boston’s Faculty formulates them.
The table below provides information about the critical cross-field outcomes, an explanation
thereof, the associated assessment criteria, and their alignment with the appropriate NQF
standards, which inform all of the teaching and learning within this module.
This ensures that the intended purpose of the qualification is realised with the intended type
of graduate by providing:
• A well-rounded, broad education.
• Knowledge that emphasises the theory and methodology of disciplines in the
professional context.
• Principles and theory that are emphasised as a basis for entry into professional
practice, in a wide career range.
NQF LEVEL DESCRIPTORS:
Description NQF 5 NQF 6 NQF 7 NQF 8

SCOPE OF KNOWLEDGE Demonstrate an informed Detailed knowledge of main areas in Integrated knowledge of the central areas Demonstrate knowledge of and
understanding of the core areas of one or more fields. An of one or more fields. The ability to apply engagement in an area at the forefront of
one or more fields… an informed understanding and the ability to and evaluate the key terms, concepts, a field. An understanding of the theories,
understanding of the key terms, apply the key terms, concepts, facts, facts, principles, rules and theories of that research methodologies, methods and
concepts, facts, general principles, principles, rules and theories to field. techniques relevant to the field, discipline
rules and theories of that field. unfamiliar but relevant contexts. or practice. Understand how to apply such
knowledge in a particular context.
KNOWLEDGE LITERACY Demonstrate awareness of how Demonstrate an understanding of Demonstrate an understanding of Demonstrate the ability to interrogate
knowledge or a knowledge system different forms of knowledge, knowledge as contested and the ability to multiple sources of knowledge in an area
develops and evolves within the schools of thought and forms of evaluate types of knowledge and of specialisation and to evaluate
area of study or operation explanation within a specific study explanations typical within the area of knowledge and processes of knowledge
area, and an awareness of study. production.
knowledge production processes.
METHOD AND PROCEDURE Demonstrate the ability to select Demonstrate an ability to evaluate, Understanding of range of methods of Understanding of the complexities and
and apply standard methods, select and apply appropriate enquiry in a field, and their suitability to uncertainties of selecting, applying or
procedures and techniques to a methods, procedures and specific investigations, and the ability to transferring appropriate standard
particular field, and to plan and techniques in investigation or select and apply a range of methods to procedures, processes or techniques to
manage such implementation. application of processes within a resolve problems or introduce change unfamiliar problems in a specialised field.
defined context. within a practice.
PROBLEM SOLVING Ability to identify, evaluate and Ability to identify, analyse and solve Ability to identify, analyse, evaluate, Ability to use a range of specialised skills
solve defined, routine and new problems in unfamiliar contexts, critically reflect on and address complex to identify, analyse and address complex
problems within a familiar context. gathering evidence and applying problems, applying evidence-based or abstract problems drawing
Ability to apply solutions based on solutions based on evidence. solutions and theory-driven arguments. systematically on the body of knowledge
relevant evidence, demonstrating and methods appropriate to a field.
an understanding of the
consequences.
ETHICS AND PROFESSIONAL PRACTICE Ability to take account of, and act Demonstrate an understanding of Ability to take decisions and act ethically Ability to identify and address ethical
in accordance with, prescribed the ethical implications of decisions and professionally and the ability to justify issues based on critical reflection on the
organisational and professional and actions within an organizational those decisions drawing on appropriate suitability of different ethical value
ethical codes of conduct. or professional context. ethical values. systems to specific contexts.
ACCESSING, PROCESSING, MANAGING Ability to gather information from Ability to evaluate different sources Ability to develop appropriate processes of Ability to critically review information
INFORMATION a range of sources and to select of information and to select information gathering for a given context gathering, synthesis of data, evaluation
information appropriate for the information appropriate for the of use, and the ability to independently and management processes in specialised
task. task and to apply well-developed validate the sources of information and contexts in order to develop creative
processes of analysis, synthesis and evaluate and manage information. responses to problems and issues.
evaluation of that information.
PRODUCING AND COMMUNICATING Ability to communicate Ability to present and communicate Ability to develop and communicate his or Ability to present and communicate
INFORMATION information reliably, accurately complex information reliably and her ideas and opinions in well- formed academic, professional or occupational
and coherently, using conventions coherently using appropriate arguments, using appropriate academic, ideas and texts effectively to a range of
appropriate to the context… an academic and professional or professional and occupational discourse. audiences, offering creative insights,
understanding of and respect for occupational conventions. rigorous interpretations and solutions to
the conventions around problems and issues appropriate to the
intellectual property, copyright context.
and plagiarism
CONTEXT AND SYSTEMS Ability to operate in a range of Ability to make decisions and act Ability to manage processes in unfamiliar Ability to operate effectively within a system,
familiar and new contexts, appropriately in familiar and new and variable contexts, recognising that or manage a system based on an
demonstrating an understanding contexts, demonstrating an problem solving is context and system understanding of the roles and
of different systems, their parts understanding of the relationship bound relationships between elements within
and the relationships between between systems and how one the system.
these parts. impacts on another.
MANAGEMENT OF LEARNING Ability to evaluate his or her Ability to evaluate performance Ability to identify, evaluate and address his Ability to apply, in a self-critical manner,
performance and the performance against given criteria, and or her learning needs in a self-directed learning strategies which effectively
of others; and to take appropriate accurately identify and address his manner and to facilitate a collaborative address his or her professional and
actions where necessary and to or her task- specific learning needs learning process. ongoing learning needs and the
take responsibility for his learning in a given context. And to provide professional and ongoing learning needs
within a structured learning support for others where of others.
process. appropriate.
ACCOUNTABILITY Ability to take account for his or Ability to work effectively in a team Ability to take full responsibility for his or Ability to take full responsibility for his or
her actions, to work effectively or group and take responsibility for her work, decision making and use of her work, decision-making and use of
with and respect others and to his or her decisions and the actions resources… and limited accountability for resources, and full accountability for the
take supervisory responsibility in a of others in well-defined contexts. the decisions of others in varied or ill- decisions and actions of others where
well- defined context. defined contexts. appropriate.
3. TEACHING, LEARNING AND ASSESSMENT
3.1 Learning Philosophy
As an accredited and registered private higher education institution, Boston is committed to

the implementation of Outcomes-Based Education (OBE), and as such the learning and
assessment approach and methodology that facilitate the appropriate execution thereof.
Boston views learning as a complex interaction between students’ personal purpose, which
is to improve their knowledge and ability, their prior knowledge and disposition, and
requirements for specific subject matter enquiry. Therefore, Boston subscribes to an
approach that learning:
• Should be action-orientated and communicative

• Is not transferred but constructed
• Is the making of meaning and could be propositional or presentational
• Is a process shaped by learning perspectives and learning schemes
• Occurs through refinement and elaboration
• Should be authentic and true, instrumental, communicative and reflective
• Should be active and based on a reflective decision to act
• Should result in an acquisition of instrumental and communicative competence via
critical reflection and self-reflection on assumptions.
3.2 Learning Methodology
Teaching and learning at Boston is integrated into every aspect of the development,
evaluation and delivery of each module and learning programme.
Boston has moved from the traditional presentation of learning support materials i.e.
textbook and study handbook based only, which has a traditional instructor-centred
curriculum, to a student-centred approach that mandates the faculty and academic support
staff to:
• Encourage students to develop the ability to think critically and solve problems
creatively.
• Promote an understanding of the relevance of the intended learning outcomes.
• Encourage students to develop enquiring minds and to investigate relevant topics
further in order to enrich their learning experiences.
• Provide students with the opportunity to experience the demands of the working
world.
• Promote a positive and supportive learning environment where students, faculty and
support staff work towards common objectives.
• Encourage students to grasp the practical application behind the theory.
• Promote a sense of responsibility for learning and assessment.
Teaching at Boston consists of:

• Faculty and information, communication and technology (ICT) equipment
• Describing and unpacking of specific knowledge components
• Discussing examples within industry and/or the workplace
• Relating these with the purpose and objectives of the module and learning
programme
• Interaction with students
• Outcomes-based learning materials, filmed lectures on TMS 2, online assessments,
course outlines, prescribed textbooks, study guides/workbooks, study plans and
sample assessments and memoranda
• Evaluation and feedback.
Learning consists of:

• Student access to information, communication and technology (ICT)
equipment/programme
• Readings, discussions and participation sessions of knowledge components and
practical application thereof
• Independent study and investigation into knowledge and practical components
• Interaction with faculty
• Experiential, peer and collaborative learning, self-evaluation exercises and learning
activities
• Outcomes-based learning materials, prescribed and recommended readings,
assessments and feedback.
3.3 Assessment Strategies and Types of Assessments
The following are examples of assessment strategies used:
Assessment Strategy C (ASC): Formative Assessments (FA1 and FA2), also known as quizzes,
will count fifty percent (50%) – twenty five percent (25%) each - towards the overall mark. A
summative assessment in the form of a final exam (SA1), will count fifty percent (50%) towards
the overall mark.
Due Performance (DP): These modules are not weighted nor credit-bearing. However, the
minimum hours required in continuous professional and career development must be
completed before progressing to the next year of study or certification. It is vital that students
in degree programmes develop greater breadth of understanding of interrelated disciplines
and practices as mimicked in the world of work, and therefore participation in opportunities
provided in this module is compulsory. A summative assessment in the form of reflective essay
is required.
Assessment Strategy 1 (AS1): The formative assessment 1 (FA1), formative assessment 2

(FA2), formative assessment 3 (FA3) and summative assessment 1 (SA1), all in the form of
practical assessments, will each count twenty five percent (25%) towards the overall mark.
Assessment Strategy 2 (AS2): The formative assessment (FA1), also known as an assignment
or test, will count fifty percent (50%) towards the overall mark. The summative assessment in
the form of a final exam or capstone project (SA1), will count fifty percent (50%).
Assessment Strategy 3 (AS3): The formative assessment (FA1), also known as an assignment
or test, will count forty percent (40%) towards the overall mark. Summative assessments in
2
TMS [Training/Telematic Management System incorporating a Learning Management System (LMS)]
the form of a final exam or capstone project (SA1), will count fifty percent (50%), and a
research or reflective essay (SA2) will count ten percent (10%) towards the overall mark.
Assessment Strategy 4 (AS4): Formative assessments (FA1 and FA2), also known as
assignments or tests, will count forty percent (40%) - twenty percent (20%) each - towards the
overall mark. Summative assessments in the form of a final exam or capstone project (SA1),
will count fifty percent (50%), and a research or reflective essay (SA2) will count ten percent
(10%) towards the overall mark.
Assessment Strategy 5 (AS5): Formative assessments (FA1 and FA2), also known as
assignments or tests, will count thirty percent (30%) - fifteen percent (15%) each - towards the
overall mark. Summative assessments in the form of a final exam or capstone project (SA1),
will count sixty percent (60%), and a research or reflective essay (SA2) will count ten percent
(10%) towards the overall mark.
Assessment Strategy 6 (AS6): Formative Assessments (FA1 & FA2), which may take the form
of assignments, research essays or tests will count forty percent (40%) – twenty percent (20%)
each – towards the overall mark. Summative Assessments (SA1 & SA2), which may take the
form of capstone projects, tasks, presentations, written or oral exams, or a research proposal
will count sixty percent (60%) – thirty percent (30%) each – towards the overall mark.
Assessment Strategy IS (ASIS): An integrated summative assessment 1 (SA1) in the form of a

final examination will count 100% towards the overall mark.
Assessment Strategy Research Report (ASRR): Formative Assessments (FA1, FA2, FA3, FA4
and FA5) are a series of critical reviews of Units 1, 2, 3, 4 and 5 of a sample Research Report
and will count twenty five percent (25%) – five percent (5%) each - towards the overall mark.
Formative Assessment 6 (FA6), includes the candidate’s original Research Proposal carried
forward from the module Research Methods, the Literature Review, the Research Instrument,
and the application for Ethical Clearance thereon, which will count twenty five percent (25%)
– towards the overall mark. Summative Assessment 1 (SA1) – in the form of the final submitted
Research Report (SA1) – will count forty percent (40%) towards the overall mark. Summative
Assessment 2 (SA2), in which the candidate presents the findings and recommendations from
the written Research Report, will count ten percent (10%) towards the overall mark.
Assessment Strategy W (ASW): Formative Assessments (FA1 and FA2), also known as
assignments, will count forty percent (40%) - twenty percent (20%) each - towards the overall
mark. Summative assessments in the form of a practicum, will count forty percent (40%), and
a research or reflective essay (SA2) will count twenty percent (20%) towards the overall mark.
There are a number of assessment types appropriate to the distance-learning environment,

of which the most common are report writing, true-false tests and multiple-choice
examinations (Foltz, 1990) 3.
Distance learning is reliant on independent study. For this reason, most formative
assessments are considered open-book assessments, while summative assessments are
Invigilated Assessment Events. They all aim at assessing a student's mastery of certain or
specific subject matter.
3
Foltz, D. 1990. Toward Better Service and Testing. Occasional Paper Number 3. Washington, DC: DETC.
Regardless of the assessment type, any formative assessment in this environment should
have three main aims, which are:
• To encourage students to review

• To enable students to monitor their comprehension of the knowledge areas
• To reinforce the learning outcomes of a study unit or series of units.
Measured by these aims, outlined below are the various types of assessments utilised in the
module and the learning programme.
3.3.1 Self-Assessment and Recommended Reading
Students are guided by the course outlines and contents within study units to complete
specific self-assessment exercises, such as, self-evaluation questionnaires, activities or
practices, which appear in the prescribed textbooks and/or study guides. In addition, students
are encouraged to make use of the institution’s library, or any resource centre, to access the
recommended reading list which includes self-assessment exercises.
Students are also informed of the importance and relevance of self-assessment exercises, and
are encouraged to keep records of it to assist with reflection, examination preparation and
student-centred interaction.
3.3.2 Report Writing
With some study units or courses, writing and composition might be the only practical
method of assessment. Report writing requires a student to demonstrate their knowledge of
a particular subject through composing a written representation that communicates
understanding and insight.
3.3.3 True-False Test
Carefully constructed true-false questions can measure higher mental processes such as
understanding, application and interpretation. They are particularly suitable for testing
attitudes and beliefs, and can be adapted to most content areas, although they work best in
testing elementary subject matter. True-false tests do have the advantage of making it
possible to ask many questions on a larger number of knowledge areas in a limited amount
of time.
3.3.4 Open-Book Test/Assignment
Open-book testing is used to:

• Stimulate review
• Reinforce learning objectives
• Communicate goals
• Furnish feedback on misunderstood knowledge areas
• Separate those students who have reached a specific set of objectives from those who
have not, indicating further specific interventions by the Faculty.
Suitable open-book questions should require that students review the learning material
continuously. This assessment type should be thought of as context-dependent. If questions
are properly prepared, students have to demonstrate their ability to extrapolate and infer key
concepts from a specific knowledge area, rather than simply find an answer in the text and
“parrot” it back. Therefore, the emphasis is on repetition and inference, as students review
and re-review the learning materials in an effort to recognise, understand, synthesize and
select appropriate responses. Questions that can be answered on the basis of rote memory
should be kept to a minimum as students can simply "cram" to prepare for such testing and
little, if any, learning takes place.
3.3.5 Multiple-Choice Question Examination
Multiple-choice examinations, consisting of questions in the form of a stem and four or five
options (the correct answer along with distracters, or incorrect alternatives) have many
advantages. The greatest of these is perhaps their versatility: multiple-choice questions can
measure factual recall, as well as the students' ability to reason, exercise judgment, and
express themselves correctly and effectively. Students find them less ambiguous and
generally prefer them to true-false tests. This type of assessment can also be scored
accurately and provide immense per-item reliability.
3.3.6 Student-Centred Interaction
By encouraging students to continually ask questions and be comfortable with the

questioning of concepts and engaging in self-reflection, students are given ample opportunity
to assess and improve their knowledge and understanding by means of effective
communication with distance learning faculty and peers.
3.3.7 Sample Assignment and Examination Papers and Memoranda
Students receive a sample assignment and memorandum, as well as a sample examination

paper and memorandum, so as to familiarise themselves with the various assessment formats
and duration. This further enables them to determine their overall progress and level of
preparedness for the final summative assessment.
3.4 Feedback to Students
Boston’s approach to teaching, learning and assessment is strongly influenced by the belief
that students are entitled to feedback and a discussion on their performance. This is
interwoven into the teaching strategies. There are many sound educational reasons for doing
this in a comprehensive manner. Students are encouraged to contact Educators for personal
feedback on their assessments.
Where the formative assessment format makes this possible, graded scripts and the relevant
memorandum (with the correct responses and/or examples of model answers) accompany
the release of marks/grades for formal formative assessments.
This provides an opportunity to repeat important learning objectives and knowledge areas,
considering that repetition is a powerful element in learning.
4. STUDENT ACCESS TO IT, LIBRARY AND OTHER RESOURCES
4.1 Distance Learners and Support Centres
Essential to the effectiveness of the Boston network of Support Centres is granting distance
learners localised access to technology, library and the service support resources that are
provided to students by the Boston Head Office.
As guiding principles, it must be re-emphasised that Boston Support Centres do not form part
of the programme other than the centres being conveniently located throughout South Africa
which assist them in serving as a point of contact and access to provide support services for
students who:
• do not have access to resource rich infrastructure at home, an office or elsewhere in
a relative close proximity
• Experience difficulty with taking control of their study environments, for example,
mitigating excessive distractions, exercising sufficient self-discipline, implementing a
routine, and managing time
• Relate better to auditory and kinaesthetic learning styles.
In other words, every learner is registered with Head Office as a unique distance learner, and
the teaching, learning and assessment remains at a distance with appropriate quality assured
materials and services to complete their studies independently. No student accessing services
at a Support Centre will be placed at a discernible advantage over a student that elects not to
access services at a Support Centre. Support Centres will be utilised as examination venues
for invigilated sittings.
In considering all of the above information, the support services accessible at Boston Support
Centres may be delineated in the following manner by classifying them as:
• Venues for accessing the range of important career, study and motivational
counselling services, and the completing and submitting of an online Application for
Admission, or other administrative documents i.e. change of module, submitting
request for deferral, handing in ID etc.
• Venues for accessing Information Technology and Communication resources, to pre-
book 4 time to utilise computers for accessing filmed lectures on TMS , typing
assessments, submitting assessments online, emailing Head Office re: Academic,
Assessment, and Administrative queries etc.
• Venues for facilitating logistical support i.e. a reliable address to receive and send
study guides, prescribed textbooks, assignments, feedback reports, certificates etc.
• Venues for facilitating the sitting of Invigilated Assessment Events.
4.2 Hours of Operation
Normal hours of operation within Boston for telephonic, email or access to premises are
Monday to Thursday 08:00 to 17:00 and on Friday from 08:00 to 13:00. An extension hereof
will be reviewed periodically in accordance with students’ needs.
4
It is important to pre-book and confirm bookings with the selected Support Centre for attendance of video
(TMS/LMS) sessions, assessment uploading and submission and sitting of tests within formative assessment weeks.
4.3 Head Office Resource Centre
Boston established a Resource Centre (RC) for students and staff at its Head Office in Orange
Grove. The RC provides students and Support Centres with access to national and
international databases for all its information searches. All research and information material
not available in the RC may be obtained for students, faculty, support staff and Support
Centres through inter-library lending or purchasing and disseminating of e-publications.
Head of Library Services Contact details

Nolubabalo Ncoko 087-255-4243
nolubabalon@boston.co.za
5. COMMUNICATION AND SUPPORT
5.1 Student Support
Students are encouraged to engage with Educators as and when they have academic queries
- as indicated in section 5.3 below. Educators will provide support during the semester within
office hours, Monday to Thursday.
PLEASE NOTE:
There will be no student support:
• From Educators on a Friday.
• From HE Faculty between Semester A and Semester B. See HE Academic Calendar for
relevant dates.
• From HE Faculty between Semester B and Semester A of the following year. See HE
Academic Calendar for relevant dates.
5.2 General and Administrative Support (Administrative – NOT Course Related)
When you communicate with Boston, or when you submit your assignments, it is important
that you provide your:
• Surname and initials
• Student number
• ID number
• Correct postal address and/or email address
• Cellular phone number and/or telephone numbers at home and/or work
• Name of Support Centre selected
Please note that all written communication such as emails, and all queries must be addressed
under specific topics. Please address your queries in writing to the relevant section at the
College i.e. the Administrative Coordinators deal with registrations, student accounts,
timetables, results, etc., the Educators deal with academic content matters such as a query
about a particular theory or concept.
When phoning the Institution please identify your specific query to the switchboard operator
to enable them to put you through to the relevant department and person who can address
your inquiry effectively.
Registrar: Administration Contact details

Ruan Venter 087-255-4290
ruanv@boston.co.za
Assessment Manager Contact details
Roman Adams 087-255-4292
romana@boston.co.za
Student Accounts Consultant Contact details
Your selected Support Centre Available on website
5.3 Academic Support (Course Related – Not Administrative)
An Educator who is a qualified and experienced subject specialist is appointed for each
module to support students throughout their studies. Academic matters should be addressed
directly with the Educator (see contact details below).
Educator support does not provide support for queries of an administrative nature, such as
due dates or late submissions. Educators deal only with academic content or subject matter-
related queries such as: “... please help clarify the distinction between a debit and a credit, as
appears on page 15 of my Study Guide for Fundamentals of Accounting.”
At least one Educator will be assigned to each module of study. The Educator will be available
to assist students with academic queries related to subject-matter content. They will also be
available to offer assistance and feedback on assessments upon request.
Educators are unable to provide students with answers to questions taken directly from
assignment/s which have not yet been marked. Your Educator may help you with any
topics/content of the prescribed courseware/module content however, your Educator will
not provide you with a direct answer or scrutinise/review your answer to any assignment
question before said assignment has been graded and marks have been released to all
students.
Support Centres are not staffed with Educators and students cannot expect to have their
academic queries addressed by Support Centre staff.
Registrar: Academic Contact details

Nadine Botha 087-255-4277
nadinek@boston.co.za
Academic & Quality Manager (AQM)
Anania Machava 087-164 - 7776
ananiam@boston.co.za
Educator Contact details
Sandile Mahlanze 087-153-7674
Sandile.mahlanze@boston.co.za
Providing quality academic support is of the utmost importance to Boston. In order to ensure
this quality is maintained, Boston has undertaken to ensure the process of engaging with
Educators is as transparent as possible.
Students are able to contact an Educator by means of:

1. E-mail
2. Telephone
3. Face-to-face consultation
4. Video conferencing, such as Microsoft Teams, Zoom or Skype.
1. E-mail queries must be directed to the Educator for a particular module. The Educator will
reply directly to the student and will copy in the Academic Quality Manager.
2. Telephonic consultations will take place by appointment only. Firstly, this ensures that the
most suitable facilitator or tutor is allocated. Secondly, it will also serve to ensure that a
firm arrangement is made, and a sufficient time-slot is allocated to deal thoroughly with
the subject matter concerned. Thirdly, the Educator will call the student on the agreed
number at the agreed time. Confirmation of the agreed number and time will be
communicated to the student beforehand. To book a telephonic appointment, students
can either call or e-mail the Educator or Academic Quality Manager.
3. Face-to-face consultations will take place by appointment only. Face-to-face

appointments will take place exclusively at the Head Office in Orange Grove,
Johannesburg. Confirmation of the agreed time will be communicated to the student
beforehand. To request a face-to-face appointment, students can either call or e-mail the
Educator or Academic Quality Manager.
4. Video conferencing consultations will take place by appointment only. Firstly, this ensures
that the most suitable facilitator or tutor is allocated. Secondly, it will also serve to ensure
that a firm arrangement is made, and a sufficient time-slot is allocated to deal thoroughly
with the subject matter concerned. Thirdly, the Educator will video conference the
student at the agreed time. Confirmation of the agreed time will be communicated to the
student beforehand. To book a video conference appointment, students can either call or
e-mail the Educator or Academic Quality Manager.
Students must take note that any further or subsequent communication must be directed to
the Educator or Academic Quality Manager, who in turn will repeat the process described
above.
5.4 Student Wellness
Embarking on higher education studies is an exciting journey. It can also be a time of change
and pressure that may lead to unexpected challenges that affect your academic performance
and/or personal life. Student Wellness is an initiative that offers limited personal support to
our students for assistance and referrals due to personal, social or career issues/concerns.
A dedicated Student Wellness Module is available to all registered students on ColCampus.

The purpose of the module is to provide Boston’s students with information and guidance
regarding a variety of interpersonal, study, and wellness topics, with the aim of making the
transition to college and distance learning as seamless as possible.
Head of Institution/Academic Head Contact details

Dr. Hendrik Botha 087-255-4254
hendrik@boston.co.za
Registrar: Academic Contact details
Nadine Botha 087-255-4277
nadinek@boston.co.za
Student Wellness Contact details
Robyn Wright-Parkin 011-883-0933
robynw@boston.co.za
5.5 Summary of Contact Procedure:
Forward your query or questions to the Academic Quality Manager or your Educator via e-
mail, or phone to request an appointment to speak with an Educator.
When contacting your Educator or the Academic Quality Manager, please be specific about
the support you require by providing the following information, together with your personal
information:
• Learning programme name and module code
• Page number and query or question
• Name and Surname
• Student or ID number
• Correct postal address and/or email address
• Correct cellular phone number and/or telephone numbers at home and work
Within two (2) business days (weekends and public holidays are excluded), an Educator will
respond or make direct contact with you. The Educator’s response will also be copied to the
Academic Quality Manager’s e-mail address for record keeping and quality control purposes.
PLEASE NOTE:
There will be no student support:

• From Educators on a Friday.
• From HE Faculty between Semester A and Semester B. See HE Academic Calendar for
relevant dates.
• From HE Faculty between Semester B and Semester A of the following year. See HE
Academic Calendar for relevant dates.
6. REQUIREMENTS TO COMPLETE THE MODULE SUCCESSFULLY
6.1 General
This is an examined module. To enable students to complete this module successfully

students must have the following:
• Access to TMS and the LMS
• A Course Outline, available on the LMS
• Prescribed textbook(s) and/or study guide, and, where applicable, recommended
textbooks and journal readings
• A file to keep printouts of own sourced additional readings, records, copies of
submitted formative assessments (assignments and/or reports) and any other
materials not stored electronically for reference purposes
• Completion of the learning activities in the LMS, and that appear throughout each unit
in the study guide and/or prescribed textbook; as well as the self-evaluation section
that appears at the end of each study unit, referencing the aligned chapter(s), which
should then be filed for reflective and preparation of summative assessment
(Invigilated Assessment Event (examination))
• Submission of the formative assessments (assignments and/or participation in the
tests) and summative assessments (Invigilated Assessment Events (examinations)
and/or assignments) within the LMS or at the Support Centre
• Commitment to viewing filmed lectures hosted in the LMS or available on TMS at the
Support Centres, especially those learners who study better through audio and/or
visual means
• Commitment in re-viewing filmed lectures when the sub-minima has not been
obtained in formal formative assessments
• Commitment in re-viewing specific sections of the filmed lectures when a topic and/or
specific unit is not yet completely mastered.
6.2 Comments on the Study Guide and/or Prescribed Textbook
• The point of departure is the module specific study guide and/or prescribed textbook.
• It is the core component of the learning material and guides the student structurally
through each module.
• The learning activities contained within the study guide and/or prescribed textbook
and the referencing to the self-assessment activities are of utmost importance to
ensure and assess understanding of the learning content.
• All the study material required for examination purposes is contained in the study
guide and/or prescribed textbook.
• Please note that students may have to consult additional sources to complete the
various formative or summative assessments such as academic or business journal
articles or a site visitation.
• Content in the study guide and/or prescribed textbook is presented in such a manner
that students will be able to master the study material through self-study.
• The formative assessment (assignment) is presented in such a manner that students
will be able to master completion through both self-study, and use of the study guide
and/or prescribed textbook.
• At the end of each unit in the study guide and/or prescribed textbook are a selection
of questions or self-evaluation tests and/or activities, through which students can
assess their ability to master the study material and make their own meaning of the
work covered in the unit.
• Above average results/marks will be allocated to answers in formative assessments
(assignments and/or tests) and in the summative assessments (Invigilated Assessment
Events (examinations)), if the examiner notes that the selected content was studied
thoroughly. Some questions may be aimed at assessing the insight students acquired
into the study material with application-based questions.
6.3 Prescribed Course Material
• Marx, J., De Swardt, C., Pretorius, M. & Rosslyn-Smith, W. (2017). Financial management
in Southern Africa. 5th Ed. Cape Town: Pearson.
6.4 Recommended Reading
• B.Garette, &P.Dussauge 2000. Alliances versus acquisitions: choosing the right

option. Available:
https://www.sciencedirect.com/science/article/abs/pii/S0263237399000699
Accessed 19 October 2023. (GOOGLE SCHOLAR)
• V.SHROTRIYA 2019. Internal Sources of Finance for Business Organizations.
Available: https://www.researchgate.net/profile/Vikas-
Shrotriya/publication/337464829_Internal_Sources_of_Finance_for_Business_Organ
izations/links/5dd8dfd0299bf10c5a2a9cfa/Internal-Sources-of-Finance-for-Business-
Organizations.pdf Date of access: 19 October 2023. (GOOGLE SCHOLAR)
• A.SEN& V.MEHTA 2019. IMPACT OF DEBENTURES ON COMPANY AND ITS
STAKEHOLDERS. Available: https://www.ijrar.org/papers/IJRAR19QP012.pdf
Date of access 19 October 2023. (GOOGLE SCHOLAR)
• Any topical or related articles students may access, such as academic, newspapers,
trade magazines or through the Internet.
• References made to journals and other articles and websites in the bibliographies
contained in the e-prescribed textbook and recommended textbooks.
6.5 Additional Teaching and Learning Activities
• During the course of the semester, the Educators will provide students with additional
teaching and learning activities. These activities are aimed at enriching students’
learning experience and ensuring that students are exposed to a variety of resources.
• These learning activities are neither compulsory nor weighted, but it will be to the
students’ benefit to participate in these activities. These activities can also be helpful
to send to your Educator when you have a question related to a topic covered within
a relevant Additional Teaching and Learning Activity, as it will assist the Educator in
evaluating your current understanding of the topic.
7. MODULE STRUCTURE AND ASSESSMENT SPECIFICS
7.1 Module Structure
Two different types of assessments are used in the module:

• Formative assessments (such as individual assignments and tests)
• Summative assessments (such as Invigilated Assessment Events (examinations) and
assignments).
In support hereof, the academic year is divided into two (2) semesters, each consisting of a
twenty (20) week cycle 5 with provision for the following:
o Ten (10) weeks dedicated to teaching and learning of study units and prescribed texts
o Additionally, structured throughout, four (4) weeks dedicated to formative
assessment and feedback opportunities for semester marks
o Finally, four (4) weeks, depending on examination dates, are dedicated to preparation,
sitting and submission of summative assessments, plus two (2) weeks for the
finalisation and release of overall module results.
This module makes use of the: AS4 Assessment Strategy
o Two (2) Formative Assessment (FA) opportunities:

o Both are formally assessed for semester marks and contribute towards the final
module mark
o FA1 is in the form of an assignment
o FA2 is in the form of an assignment
o Two (2) Summative Assessment (SA) opportunities:

o Both are formally assessed for semester marks and contribute towards the final
module mark
o SA1 is an Invigilated Assessment Event in the form of a Paper Based Exam
Invigilated Assessment Event (examination)
o SA2 is in the form of an assignment (research essay)
7.2 Formative Assessments
The purpose of formative assessments is to determine where students are in relation to where
they should be in terms of the specific outcomes for each module. Formative assessments assist
students and Educators with making a determination as to what work will have to be revisited.
Thus, formative assessments are very important for students to monitor their progress and their
readiness to sit for examinations (summative assessments).
Formative assessments, excluding Invigilated Assessment Events which follow the protocols of
examination sittings (see also section 7.3 below), must be submitted for marking by uploading
to the LMS (refer to Annexure C) which can be accessed at the Support Centre or from home.
5
For a detailed breakdown of the 20 week cycle, in table format, pertaining to this module, see Annexure B.
To complete your formative assessment, please take note of the following:
Formative Assessment (FA1)

• Read the instructions for the assessment carefully before commencing with the
assessment.
• Remember to provide your:
o initials
o surname
o student number
o ID number
o email address
• In cases of assignments, essays, research papers or reports remember the following:
o Provide your student number at the top of each page of your assignment.
o Make sure that pages are numbered correctly.
• Complete and submit your assessment well ahead of the due date.
• Every formative assessment must be submitted from the correct module page on the
LMS. If a student submits their assessment incorrectly (for example, submitting a
Company Law 1 assignment in the Business Management 1 module page), the student
forfeits the grade for the assignment and will be awarded 0%. Boston does not assume
responsibility for ensuring that a student’s assignment reaches the correct
Educator/grader. Students have to ensure that they submit their assignment correctly
in order for a mark to be awarded.
Formative Assessment 2 (FA2)

• This assessment consists of an assignment.
• Read the instructions for the assessment carefully before commencing with the
assessment.
7.3 Summative Assessments
Summative Assessment (SA1)

Students are required to sit for a final integrative summative assessment (Invigilated Assessment
Event) for the module at the end of the semester. The assessment will be completed online,
under invigilated conditions as these are Invigilated Assessment Events (examinations).6
To prepare for the examinations, please take note of the following:

• Study all the content as outlined in the study guide and/or prescribed textbook.
• Do not take unnecessary risks, and ensure that all module content is studied
thoroughly.
• Identify themes and refer to the specific outcomes and assessment criteria of each
unit or chapter.
• Answer the five multiple-choice questions provided at the end of each unit, or
referenced self-assessment questions per chapter in the study guide and/or
prescribed textbook. This will provide an indication of the level of mastery of study
material.
• Plan your studies according to the examination dates and the due date set for your
assessments in Annexure C: Academic Calendar.
6
See inter alia HE Invigilated Assessment Event Rules
Summative Assessment 2 (SA2):
In addition to SA1, students are required to complete and submit a final integrative
summative assessment (assignment) for the module per the HE Academic Calendar. This will
be in the form of a research essay. It must be in typed format and uploaded on the LMS.
8. GRADE REQUIREMENTS
The Formative and Summative assessments are weighted according to the following
guidelines:
• Formative assessment is weighted forty percent (40%) of the final module mark
• Summative assessment is weighted sixty percent (60%) of the final module mark
8.1 General
The combination of type of assessment, weighting per assessment, sub-minimum per

assessment, and overall module pass requirements are detailed in the Table below.
Assessment/Type Weight
Due Date: Formative 20%
Refer: Academic Calendar Assessment 1
Due Date: Formative 20%
Due Date: Summative 50%
Due Date: Summative 10%
8.2 Summative Assessment Entry Requirements
There are no entry requirements for the Summative Assessments, however the overall mark
will be calculated from the student’s performance on the formative assessment (FA) and
summative assessment (SA).
The two FAs will count forty percent (40%) – twenty percent (20%) each – towards the overall
mark. The two SA’s, in the form of a final exam will count fifty percent (50%) and a research
or reflective essay will count ten percent (10%) towards the overall mark.
8.3 Requirements for Promotion and Distinction
In order to obtain a pass result for a module and be awarded the module credits (promoted),
students must obtain a module average of fifty percent (50%) or higher. The average is
calculated according to the weightings as indicated in the table above. For a student intending
to be promoted with “Distinction”, a module average of seventy-five percent (75%) or higher
is required.
8.4 Supplementary Assessments
There are no supplementary opportunities available for the Formative Assessments. Students
who do not qualify for promotion (i.e. have not obtained a module average of 50%), are
eligible to participate in supplementary summative assessment/s.
9. STUDY PROCEDURE AND GUIDELINES FOR COMPLETING ASSESSMENTS
• Study the content of each unit and/or chapter before proceeding to the next unit
and/or chapter.
• Complete the learning activities within each unit and self-assessment questions at
the end of each unit and/or chapter.
• Complete and submit your assessments as soon as possible.
• Students must keep in mind that although all Educators are professional
academics, they are also human. A well-presented answer, in typed or printed
format, will make it easier for the examiner to read answers and to evaluate the
student’s knowledge.
• Answers must be neat, well organised and grammatically edited.
• Formative Assessment questions may also be used as Summative Assessment
questions.
10. PLAGIARISM
Plagiarism (copying) is a serious offence and is a contravention of the Copyright Act (98 of
1978) of South Africa. Students are guilty of plagiarism when they appropriate the ideas and
work of others without due recognition. For detailed information about the nature of
plagiarism, as well as how to avoid committing plagiarism, refer to Annexure D.
It is important to note that plagiarism has been committed when two or more students
submit identical, verbatim copies of the same assessment and/or examination answers. The
Academic Committee reserves the right to take appropriate action in cases where plagiarism
is found. Should it be found that a student copied an assessment or examination answer from
a fellow student, both students involved will not receive their result for that particular
assessment.
10.1 Copyleaks
10.1.1 What is Copyleaks?
Copyleaks is a comprehensive anti-plagiarism software that is utilised by Boston to prevent
plagiarism and detect academic dishonesty and/or unethical behaviour where students
attempt to cheat or “fool” the anti-plagiarism software by making use of hidden characters
or software. Copyleaks also identifies AI-generated text.
10.1.2 How does Copyleaks work?

Copyleaks is an artificial intelligence platform that is able to compare text from online and
other sources and detect plagiarism and/or academic dishonesty. After submitting your
assignment, you will receive a comprehensive report with results, an aggregate similarity
percentage, and the ability to compare results against your original text. A Copyleaks Cheat
Detection Report (see below) will also indicate possible suspected cheating whereby
Copyleaks has identified attempts to cheat or “fool” the anti-plagiarism software by making
use of hidden characters or AI-generated text.
To ensure that students abide by ethical practices when completing and submitting
assignments, the plagiarism verification system, Copyleaks, has been implemented. This tool
will verify the levels of similarities between a student’s submitted assignment and other
original sources as well as suspected cheating (see below). With SA2 submission that a
student uploads onto ColCampus, a Copyleaks report will be issued, indicating a similarity
percentage. This report will serve as a plagiarism indicator to both the student, as well as
the grader. As students can submit assignments multiple times before the due date, a
Copyleaks report will be issued for the final submission.
For a Copyleaks report to be issued, students are required to take the following steps when
uploading FA1, FA2 and SA2 assignments onto ColCampus:
For assignments with multiple file type submissions, as instructed in the specific assignment,
the required PDF document must be uploaded LAST.
• If a student does not abide by these instructions and/or an incorrect document is

uploaded, a mark of zero will be awarded for the assessment.
• For HFMN330-1 – Formative Assessment 1 (FA1): No Copyleaks Report will be
generated
• For HFMN330-1 – Formative Assessment 2 (FA2): No Copyleaks Report will be
generated
• For HFMN330-1 - Summative Assessment (SA2): You should be working towards a

similarity rating of 30% or less. For SA2, if a 30% similarity rating is exceeded, a mark
of zero (0) will be awarded. 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% and a mark of zero (0) will be awarded.
• 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 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
A Cheat Detection Report will appear in the similarity report when a scan has detected an
abnormality in a submitted document. These abnormalities are usually present due to a
student’s efforts to cheat or “fool” the plagiarism scan. Certain software when utilised may
also result in a Cheat Detection Report being issued. In order to avoid this, please ensure that
you follow the abovementioned requirement whereby assignments must be directly
converted from MS Word to PDF before being submitted. Please refer to your relevant
Induction Letter wherein details are provided how to access inter alia the Microsoft Office
Suite, which includes access to MS Word.
Where a Cheat Detection Report is issued, the student’s submission will automatically be
treated as if it received a similarity rating in excess of 30%.
11. CONCLUSION
The best way to prepare for an assessment is to work methodically and continuously
throughout the semester. This requires students to:
• Plan and programme their studies, and the writing of assessments by taking into account
their personal and work schedules and other commitments.
• Make a habit of planning well ahead, and noting in advance those dates and events that
could affect their studies.
• Arrange study leave and study blocks well in advance.
We wish you every success in your studies!
ANNEXURE A:
EXPLANATION OF ACTION VERBS REQUIRED FOR COMPLETING ASSESSMENTS
Action verb Description

Analyse Describe the different parts of a topic and explain how they work
together or not. Give arguments for and against each situation. A
reasonable amount of insight must be shown in terms of knowledge
already gained in this regard.
Apply Show the application of acquired knowledge or given information in
practice or in relation to what is asked. Use knowledge to find an
answer to the question.
Comment Give your own opinion regarding the subject matter and illustrate it
through examples. Interpret and evaluate.
Compare Contrast facts, events or problems and indicate the similarities and
differences, or analyse the similarities and differences between
statements, ideas, etc.
Contrast Point out the differences between certain objects, facts, events or
characteristics.
Criticise Point out the good and bad characteristics or viewpoints and give your
own opinion after taking into account all the facts.
Define Give a clear, to the point, systematic explanation or description of
concepts; to reflect the precise meaning thereof.
Describe Give the characteristics, basic facts or results in a logical, systematic
and well-structured manner. Comments and your own interpretation
are not necessary.
Discuss Give terminology and concepts in your own words with comments or
your own interpretation. Compare, contrast and debate.
Design Create and plan. Portray by means of illustrations or concrete objects.
Create a model with a specific objective in mind and indicate the
planning phase.
Evaluate Make an assessment of values based on specific points of reference or
criteria and give your own opinion. Do not describe. Personal
viewpoints may be given.
Explain Clarify the term, concept or topic by presenting it with your own
knowledge and words. If required you can use illustrations, descriptions
or simple logical layout of the facts.
Illustrate Use a sketch, picture, diagram, graph or concrete item to explain a
concept or solve a problem. This can also mean to give examples in
well-chosen, descriptive words.
Motivate Provide reasons and comment.
Summarise State the key or most important aspects of a topic without detail,
illustrations, critical analysis and discussion.
ANNEXURE B:
PROPOSED STUDY PROGRAMME
Each semester has a 14-week duration from the last day of Registrations to the start of the
Examination Period. We strongly recommend that students follow the study programme for
the course outlined below closely. It is important not to fall behind. Students are expected
to apply a great deal of self-discipline otherwise they may be unprepared for the examination.
See Table overleaf.
Annexure B: Proposed Study Programme
Financial Management 3 (HFMN330-1)

LEARNING OUTCOMES TMS FORMATIVE SUMMATIVE
PRESCRIBED RECOMMENDED
WEEK After studying the prescribed and recommended (VIDEO) ASSESSMENT ASSESSMENT OTHER
COURSEWARE BOOK(S)
material for the week, you should be able to: HOURS: (FA) (SA)
Upon completion of these chapters, you will be able
to:
• describe the fundamental needs of humans
• identify the various industries and firms that
satisfy these needs
• explain ways in which a firm could grow and
sustain itself
• identify an innovation
• evaluate the various forms of business
organisation
• distinguish between the long-term and short-term
financial goals of a firm Unit 1 Compete
Take note of
• briefly introduce business rescue (Chapters 1 Relevant Self-
important
• relate the functions of a financial manager to the and 2) Chapter(s) Assessment
1 dates in
long-and short-term financial goals of a firm Activities and N/A your
• apply the fundamental principles of financial Learning
120 mins Academic
management 60 mins Activities
Calendar
180 mins 240 mins
• describe the flow of funds through the economic
system
• evaluate the possible impact of fundamental
economic variables on the financial management
of a firm
• distinguish between the money and capital
market
• • distinguish between the various forms of long-
and short-term financing used by companies.
Upon completion of these chapters you will be able Unit 2 Relevant Compete
2
to: (Chapters 3 Chapter(s) Self-
• identify the users of financial statements and 4) Assessment N/A
• briefly describe the International Financial Activities and
Reporting Standards 60 mins Learning
33 HFMN330-1-Jan-Jun2024-Proposed Study Programme-SM-V1-31012024
120 mins


COURSEWARE BOOK(S)
• explain how the types of accounts may be Activities
classified 180 mins 240 mins
• record changes in the financial position
• summarise financial information in the financial
statements
• interpret the auditors’ report and the directors’
report.
• distinguish between industry comparative and

time-series analysis
• describe the considerations to be kept in mind
when performing ratio analysis
• accurately calculate profitability, liquidity, activity,
solvency and securities market ratios
• evaluate each ratio and suggest possible
corrective actions (if necessary).
N/A
Upon completion of these chapters, you will be able
to:
• link strategy, risk identification and assessment to
financial planning Units 3 and 4
• compile a budgeted statement of financial (Chapters 5, 6 Relevant
Compete
performance and 7) Chapter(s)
Self-
• compile a budgeted statement of financial Assessment
3 position Activities and
120 mins
• evaluate a budgeted statement of financial Learning
performance and a budgeted statement of Activities
financial position 240 mins
• apply the principles of budgeting. 60 mins
180 mins
• calculate rates of return
• identify and evaluate sources of risk

COURSEWARE BOOK(S)
• measure risk by means of variance, standard
deviation and coefficient of variation
• determine the return of a portfolio
• determine the required rate of return by means
of the capital asset pricing model (CAPM)
• use arbitrage pricing theory (APT) in order to
determine the required rate of return.
After studying this chapter, you should be able to

calculate:
• the future value of a single amount
• the future value of an annuity
• the present value of a single amount
• the present value of a mixed stream of cash flows
• the present value of an annuity
• the deposits required to accumulate a future sum
• the instalments required to amortise a loan
• growth rates
• effective interest rates.


COURSEWARE BOOK(S)
Upon completion of this chapter you will be able to:
• distinguish between different types of value
• determine value based on the discounted cash
flow (DCF) technique
• determine the value of debentures
• determine the yield to maturity (YTM)
• determine the value of ordinary shares.
• distinguish between the various forms of

dividends
• describe the cash dividend payment processes
• illustrate the influence of cash dividends, share
dividends and share splits on the value of a firm
Compete
• evaluate the factors that influence dividend policy Units 5 and 6
Relevant Self-
• apply a residual dividend policy (Chapters 8,
Chapter(s) Assessment
4 • debate whether dividends have an influence on a 18, 9 and 10) Activities and N/A
firm’s share price.
Learning
60 mins 120 mins Activities
• decide on a working capital financing policy 180 mins 240 mins
• identify sources of short-term financing
• distinguish between profitability and cash flow
• efficiently manage cash
• estimate optimal cash balances
• compile a cash budget
• prevent losses of cash by means of internal
control.
• establish a credit policy for a firm
• evaluate the influence of changes in credit terms
on profitability
• monitor and follow up accounts receivable.


COURSEWARE BOOK(S)
Estimated
preparation
View/Study
time: 6 hours Submit FA1
5&6 Sample
DUE: FORMATIVE ASSESSMENT 1 Review Review Due: N/A online on
Formative
Refer to ColCampus
Assessments
Academic
Calender
N/A
• classify inventory
• do a valuation of inventory Compete
• perform an ABC classification of inventory Unit 7
Relevant Self-
• determine the carrying, ordering and shortage (Chapter 11)
Chapter(s) Assessment
7 costs of inventory Activities and
• calculate the economic ordering quantity Learning
• determine the reorder point 120 mins Activities
60 mins
• manage safety stock and inventory balances 180 mins 240 mins
• monitor inventory turnover rates
• prevent losses of inventory.

• distinguish between the motives for capital Compete
Unit 8
expenditure Relevant Self-
(Chapter 12)
• apply the capital budgeting process Chapter(s) Assessment
8 • distinguish between independent and mutually Activities and N/A
exclusive projects Learning
• calculate the initial investment, and operating and 60 mins Activities
180 mins 120 mins
terminal cash flows of a proposed capital 240 mins
expenditure project.


COURSEWARE BOOK(S)
• apply an appropriate approach to the capital Compete
budget decisions Unit 9 Self-
Relevant
• calculate the average rate of return and payback (Chapter 13) Assessment
9 Chapter(s)
period of capital expenditure proposals Activities and N/A
• calculate and interpret the net present value Learning
(NPV), profitability index (PI), and internal rate of 60 mins 120 mins Activities
180 mins
return (IRR) 240 mins
• evaluate projects with conflicting NPV rankings.
Upon completion of this chapter you will be able to
understand:
• evaluate which approach would be best to
incorporate risk in the capital budgeting process
• incorporate risk in capital budgeting by means of
certainty equivalents and risk-adjusted discount
rates
Units 10 and Compete
• evaluate projects with unequal lives
11 (Chapters Relevant Self-
• apply capital rationing to the capital budgeting
14 and 15) Chapter(s) Assessment
10 process
Activities and N/A
• evaluate projects in view of budget constraints.
Learning
120 mins Activities
• accurately calculate the cost of long-term debt 60 mins
180 mins 240 mins
• accurately calculate the cost of preference shares
• accurately calculate the cost of ordinary shares
• accurately calculate the weighted average cost of
capital (WACC)
• use cost of capital for the purpose of investment
decisions.


COURSEWARE BOOK(S)
Estimated
preparation
View/study Complete
time: 6 hours
11&12 Sample FA2 online
DUE: FORMATIVE ASSESSMENT 2 Review Review Due: N/A
Formative on
Refer to
Assessments ColCampus
Academic
Calendar
• classify cost as fixed, variable or semi-variable
• accurately calculate the breakeven point of a firm
by means of breakeven analysis
• evaluate the influence of operating and financial
leverage on a firm
• determine the influence of financial leverage on
the earnings, optimal capital structure and value
of a firm Compete
Unit 12 and
• evaluate the appropriateness of financial leverage Self-
13 Relevant
in view of practical considerations. Assessment
13 (Chapters 16 Chapter(s)
Activities and N/A
and 17)
• distinguish between operating and financial Learning
leases 180 mins 240 mins
• evaluate lease financing compared to loan
financing in order to determine which option
would be the most advantageous
• evaluate the advantages and disadvantages of
leasing
• describe convertible securities
• evaluate the role of warrants in financing

LEARNING OUTCOMES

After studying the prescribed and recommended TMS FORMATIVE SUMMATIVE

material for the week, you should be able to: PRESCRIBED RECOMMENDED
WEEK (VIDEO) ASSESSMENT ASSESSMENT OTHER
COURSEWARE BOOK(S)
HOURS: (FA) (SA)
• understand the basic elements of Chapter 6 of the
Companies Act 71 of 2008 on business rescue
• develop a broader understanding of turnaround
Compete
and the mechanisms used to address it Self-
Relevant Assessment
• position a firm in distress according to its Unit 14 Chapter(s)
14 (Chapter 19) Activities and N/A
turnaround situation
Learning
• execute a turnaround situation analysis 60 mins
• execute a basic ‘Do we have a business?’
determination 240 mins
• make sense of the basic complications of the
rescue process.
Review
15 View/study
REVISION & EXAM PREPARATION Review Review N/A graded FA1
Sample SA’s
and FA2
Examination:
View all Submit SA2
16-18 View/study Refer to
EXAM WEEKS Review Review previous FA’s online on
Sample SA’s Academic
solutions ColCampus
Calendar

ANNEXURE C-ACADEMIC CALENDAR FOR 2024
Academic Calendar Sem A 2024

SEMESTER: JANUARY - JUNE
Week Month Date Time Activity
February 16 17:00 Applications Close
February 17 13:00 Registrations Close
1 February 19 Studies Commence - Week 1
HPRM441-1 FA 1 – Assignment Due
Submit online via ColCampus no later than
1 February 25 23:59 25 February 2024 23:59. Feedback given in Week 2
2 March 3 23:59 3 March 2024 23:59. Feedback given in Week 3
FA 1 – Assignment Due
6 March 28 23:59 28 March 2024 23:59
HACP130-1, HADC401-1, HADC402-1, HADE400-1,
HADF400-1, HADL400-1, HADR1181, HADR230-1,
HADR400-1, HADV100-1, HADV1181, HADV200-1,
HADV300-1, HALL130-1, HALP1181, HALT130-1,
HANT130-1, HAPR300-1, HAPS1181, HASD200-1,
HAUD200-1, HAUD230-1, HAUD331-1, HAUD332-1,
HBFB1181, HBLE300-1, HBMN100-1, HBMN102-1,
HBMN1181, HBMN130-1, HBMN200-1, HBMN201-1,
HBMN230-1, HBMN231-1, HBMN232-1, HBMN233-1,
HBMN333-2, HBMN334-1, HBMT1181, HBRD1181,
HBRD300-1, HBRD330-1, HBTB1181, HCBB1181,
HCGA232-1, HCGE130-1, HCGE231-1, HCGE232-1,
HCHR1181, HCLT106-1, HCLT107-1, HCLT108-1,
HCML330-1, HCMLW230-1, HCNM1181,
HCONL330-1, HCOU1181, HCYLW230-1, HDBP200-1,
HECM1181, HECO130-1, HECO231-1, HECO232-1,
HEFA1181, HEMK1181, HENT100-1, HENT1181,
HENT130-1, HENT200-1, HENT230-1, HENT300-1,
HENT330-1, HEPSFA1181, HERL230-1, HERL330-1,
HETA231-1, HEVM100-1, HEVM1181, HEVM200-1,
HEVM300-1, HFAC130-1, HFAC131-1, HFAC132-1,
HFAC201-1, HFAC231-1, HFAC232-1, HFAC301-1,
HFAC334-1, HFMN230-1, HFMN233-1, HFMN300-1,
HFMN301-1, HFMN302-1, HFMN330-1, HFMN331-1,
HFOA100-1, HGOP330-1, HGPLC230-1, HGPLD230-1,
HHIVC1181, HHM1181, HHMP1181, HHP1181,
HHRD100-1, HHRD130-1, HHRD200-1, HHRD230-1,
HHRD300-1, HHRF1181, HHRM100-1, HHRM130-1,
42 AcademicCalendar2024-V11-31012024

HHRM200-1, HHRM230-1, HHRM300-1, HHRM331-1,
HHRM332-1, HHRM333-1, HHS1181, HHTD1181,
HHWPT1181, HIAI1181, HIAP1181, HICMA1181,
HIFSE1181, HIIR1181, HILFA1181, HIMC300-1,
HIND1181, HINT1181, HIPLW130-1, HIPM300-1,
HISL130-1, HISM100-1, HISM200-1, HISM300-1,
HIT1181, HITFA1181, HLAA130-1, HLGE330-1,
HLLW330-1, HLTX330-1, HLWC1181, HLWC130-1,
HLWC200-1, HLWC230-1, HLWE230-1, HLWH1181,
HLWI230-1, HLWL200-1, HLWL300-1, HLWM200-1,
HLWP130-1, HLWS130-1, HMAC200-1, HMAC202-1,
HMAC230-1, HMAC300-1, HMAC330-1, HMKR1181,
HMKT100-1, HMKT1181, HMKT130-1, HMKT200-1,
HMKT230-1, HMKT300-1, HMKT330-1, HMLW1181,
HNTS300-1, HODV1181, HPAA200-1, HPAD1181,
HPBM440-1, HPBM441-1, HPBM442-1, HPBM443-1,
HPBM444-1, HPCP440-1, HPDL230-1, HPFM440-1,
HPI1181, HPLM1181, HPLW230-1, HPLW440-1,
HPMK440-1, HPMK442-1, HPPC1181, HPPR1181,
HPPS1181, HPR1181, HPR200-1, HPRM1181,
HPRM440-1, HPSW200-1, HPSW230-1, HPSY131-1,
HPSY132-1, HPSY231-1, HPSY232-1, HPSY331-1,
HPSY332-1, HPX100-1, HPXN200-1, HPXS200-1,
HRDC1181, HRMB330-1, HRML330-1, HRMM330-1,
HRMS230-1, HRMS331-1, HRP1181, HSAD300-1,
HSAP1181, HSCI1181, HSDJ1181, HSEC1181,
HSEC200-1, HSEM1181, HSFT300-1, HSHE1181,
HSMB1181, HSMS1181, HSOC131-1, HSOC132-1,
HSOC231-1, HSOC232-1, HSOC331-1, HSOC332-1,
HSOS1181, HSPM300-1, HSPS1181, HSYD100-1,
HSYD201-1, HSYD202-1, HSYD300-1, HTAX201-1,
HTAX202-1, HTAX230-1, HTAX331-1, HTAX332-1,
HTCP300-1, HTDP1181, HTDS1181, HTDSA1181,
HTOP1181, HTSS100-1, HTTM1181, HWADE1181,
HWBAC230-1, HWBHR330-1, HWBLW330-1,
HWBMM330-1, HWBSS330-1, HWCACP1171,
HWCBMP1171, HWCGMT1181, HWCHAP1181,
HWCHCM1171, HWCHMP1181, HWCHPR1181,
HWCHRM1171, HWCHRP1181, HWCLSP1171,
HWCMDM1181, HWCMP1171, HWCMSM1181,
HWCMSP1181, HWCMTM1181, HWCPLP1181,
HWCTTMP1181, HWDBM300-1, HWDEM300-1,
HWDFA300-1, HWDHR300-1, HWDMM300-1,
HWFM300-1, HYFT1181
FA 1 – Online Quiz Due
Complete online via ColCampus no later than
6 March 28 23:59 28 March 2024 23:59
HCLT101-1, HCLT103-1, HCLT104-1, HCLT105-1,
HNTS221-1, HNTS222-1, HPXN301-1, HPXS301-1
9 April 18 17:00 FA 1 - Results Release

10 April 25 13:00 FA 1 - Results Appeal Close and Release
10 April 26 23:59 26 April 2024 23:59. Feedback given in Week 12
FA 2 - Assignment Due
12 May 10 23:59 10 May 2024 23:59
HACP130-1, HALL130-1, HALT130-1, HAUD230-1,
HAUD331-1, HAUD332-1, HBMN130-1, HBMN233-1,
HBMN330-1, HCGA232-1, HCGE231-1, HCGE232-1,
HCLT104-1, HCLT107-1, HCLT108-1, HECO130-1,
HEFA1181, HENT130-1, HETA231-1, HFAC130-1,
HFMN230-1, HFMN330-1, HFMN331-1, HGOP330-1,
HHRD130-1, HHRM130-1, HHRM332-1, HHRM333-1,
HISL130-1, HLAA130-1, HLGE330-1, HLWC130-1,
HLWP130-1, HMAC230-1, HMAC330-1, HMKT130-1,
HMKT330-1, HPBM440-1, HPBM441-1, HPBM442-1,
HPBM443-1, HPBM444-1, HPCP440-1, HPFM440-1,
HPI1181, HPLW440-1, HPMK440-1, HPMK442-1,
HPRM440-1, HSYD100-1, HSYD201-1, HTAX230-1,
HTAX331-1, HTAX332-1, HWBAC230-1, HWBHR330-1,
HWBLW330-1, HWBMM330-1, HWBSS330-1,
HWCACP1171, HWCBMP1171, HWCGMT1181,
HWCHAP1181, HWCHCM1171, HWCHMP1181,
HWCHPR1181, HWCHRM1171, HWCHRP1181,
HWCLSP1171, HWCMDM1181, HWCMP1171,
HWCMSM1181, HWCMSP1181, HWCMTM1181,
HWCPLP1181, HWCTTMP1181, HWDBM300-1,
HWDEM300-1, HWDFA300-1, HWDHR300-1,
HWDMM300-1
12 May 10 23:59 10 May 2024 23:59
HADC401-1, HADC402-1, HADE400-1, HADF400-1,
HADL400-1, HADR230-1, HADR400-1, HANT130-1,
HBMN333-2, HBMN334-1, HBRD330-1, HCGE130-1,
HCLT101-1, HCLT105-1, HCML330-1, HCMLW230-1,
HCONL330-1, HCYLW230-1, HECO231-1, HECO232-1,
HENT230-1, HENT330-1, HEPSFA1181, HERL230-1,
HERL330-1, HFAC201-1, HFMN233-1, HGPLC230-1,
HGPLD230-1, HHRD230-1, HHRM230-1, HHRM331-1,
HIFSE1181, HILFA1181, HIPLW130-1, HLLW330-1,
HLTX330-1, HLWC230-1, HLWE230-1, HLWI230-1,
HLWS130-1, HMAC200-1, HMKT230-1, HPDL230-1,
HPLW230-1, HPSW230-1, HPSY131-1, HPSY132-1,
HRMB330-1, HRML330-1, HRMM330-1, HRMS230-1,

HRMS331-1, HSOC131-1, HSOC132-1, HSOC231-1,
HSOC232-1, HSOC331-1, HSOC332-1
HPXN302-1 FA 1 Online Quiz and HPXN302-1 Draft
Project Proposal Assignment Due. Submit online via
12 May 10 23:59 ColCampus no later than 10 May 2024 23:59.
HPXS302-1 FA 1 – Online Quiz Due
12 May 10 23:59 10 May 2024 23:59.
13 May 17 13:00 FA 2 - Results Release
14 May 23 17:00 FA 2 - Results Appeal Close and Release
HCLT107-1, HCLT108-1, HSYD100-1, HSYD201-1,
FA 3 – Assignment Due. Submit online via
15 May 27 23:59 ColCampus no later than 27 May 2024 23:59.
SA 1 Time Table for PAPER BASED EXAM
INVIGILATED ASSESSMENT EVENTS only (with SA 2).
Remember: SA 2’s to be submitted online via
15 to 17 May – June 27 - 10 ColCampus as per due date on SA 2 cover page.
15 May 27 09:00-12:00 HFAC132-1, HFAC232-1, HTAX332-1
09:00-11:00 HANT130-1, HBMN201-1, HIFSE1181
12:00-14:00 HBMN230-1, HLWC200-1
15:00-17:00 HCMLW230-1, HHRM331-1
15 May 28 09:00-12:00 HFAC130-1, HFAC231-1, HFAC332-1
09:00-11:00 HADV300-1, HCGE130-1, HHRM200-1, HMAC300-1
12:00-14:00 HBMN200-1, HFAC201-1, HFMN302-1
15:00-17:00 HADV200-1, HCGE232-1, HCML330-1
15 May 29 09:00-12:00 HAUD332-1
09:00-11:00 HBMN231-1, HEVM100-1, HSOC332-1
12:00-14:00 HCYLW230-1, HFAC301-1, HPI1181
15:00-17:00 HENT200-1, HFMN330-1
15 May 30 09:00-12:00 HTAX230-1, HTAX331-1
09:00-11:00 HHRD200-1, HHRD300-1, HTAX201-1, HTAX202-1
12:00-14:00 HEVM200-1, HEVM300-1, HFMN301-1, HPSY132-1
15:00-17:00 HECO231-1, HECO232-1
15 May 31 09:00-12:00 HETA231-1, HFAC333-1
09:00-11:00 HGPLC230-1, HGPLD230-1, HLWC130-1, HPSW200-1
12:00-14:00 HBMN331-1, HERL230-1, HIMC300-1, HLWC230-1
15:00-17:00 HAUD200-1, HBLE300-1, HGOP330-1
16 June 3 09:00-12:00 HBMN233-1, HFAC302-1, HFAC331-1
09:00-11:00 HBMN333-2, HHRM230-1
12:00-14:00 HLWM200-1, HPSY231-1, HPSY331-1
15:00-17:00 HADR230-1, HENT230-1, HENT330-1, HFMN233-1
16 June 4 09:00-12:00 HFAC131-1, HFMN230-1
09:00-11:00 HBRD300-1, HLWI230-1, HPSY131-1
12:00-14:00 HAPR300-1, HCONL330-1, HEPSFA1181
15:00-17:00 HERL330-1, HPR200-1
16 June 5 09:00-12:00 HFAC334-1, HMAC230-1, HMAC330-1
09:00-11:00 HMAC200-1, HMAC202-1, HPSY332-1
12:00-14:00 HLWL300-1, HPDL230-1

15:00-17:00 HRMM330-1, HPSY232-1
16 June 6 09:00-12:00 HAUD230-1

09:00-11:00 HBMN301-1, HFMN300-1, HILFA1181, HSOC131-1
12:00-14:00 HHRD230-1, HLLW330-1
15:00-17:00 HLWE230-1, HRMB330-1, HSEC200-1
16 June 7 09:00-12:00 HCGA232-1, HFMN331-1
09:00-11:00 HBRD330-1, HRMS230-1, HPLW230-1, HSOC132-1
12:00-14:00 HMKT200-1, HMKT230-1, HLWL200-1
15:00-17:00 HBMN334-1, HPAA200-1
17 June 10 09:00-12:00 HAUD331-1
09:00-11:00 HBMN232-1, HLTX330-1, HSOC231-1, HSOC232-1
12:00-14:00 HBMN300-1, HPSW230-1, HSOC331-1
SA 1 Time Table for ONLINE EXAM INVIGILATED
ASSESSMENT EVENT which are open book and with
SA 2’s to submit. These exams must be completed
on the stipulated dates as indicated below, and be
invigilated. Remember: SA 2’s to be submitted
online via ColCampus as per due date on SA 2 cover
page.
16 June 3 09:00-12:00 HPBM440-1
16 June 6 09:00-12:00 HPMK440-1
17 June 10 09:00-12:00 HPBM443-1
ASSESSMENT EVENTS only.
No SA 2’s to submit. These exams must be
15 to 17 May – June 27 - 10 completed within the exam period.
HADR1181, HADV1181, HALP1181, HAPS1181,
HBFB1181, HBMN1181, HBMT1181, HBRD1181,
HBTB1181, HCBB1181, HCHR1181, HCLT101-1,
HCLT103-1, HCLT105-1, HCLT106-1, HCNM1181,
HCOU1181, HECM1181, HEMK1181, HENT1181,
HEVM1181, HHIVC1181, HHM1181, HHMP1181,
HHP1181, HHRF1181, HHS1181, HHTD1181,
HIIR1181, HIND1181, HINT1181, HIT1181,
HITFA1181, HLWC1181, HLWH1181, HMKR1181,
HMKT1181, HMLW1181, HODV1181, HPAD1181,
HPLM1181, HPPC1181, HPPR1181, HPPS1181,
HPR1181, HPRM1181, HRDC1181, HRP1181,
HSEM1181, HSHE1181, HSMB1181, HSMS1181,
HSOS1181, HSPS1181, HTDP1181, HTDS1181,
HTDSA1181, HTOP1181, HTTM1181, HWADE1181,
HYFT1181
ASSESSMENT EVENTS with SA 2’s to submit. These
exams must be completed within the exam period.
15 to 17 May – June 27 - 10 ColCampus as per due date on SA 2 cover page.

HACP130-1, HADV100-1, HALL130-1, HALT130-1,
HBMN100-1, HBMN102-1, HBMN130-1, HDBP200-1,
HECO130-1, HEFA1181, HENT100-1, HENT130-1,
HFOA100-1, HHRD100-1, HHRD130-1, HHRM100-1,
HHRM130-1, HIPLW130-1, HIPM300-1, HISL130-1,
HISM100-1, HISM200-1, HISM300-1, HLAA130-1,
HLWP130-1, HLWS130-1, HMKT100-1, HMKT130-1,
HNTS221-1, HNTS222-1, HNTS300-1, HPXN200-1,
HPXN301-1, HPXS301-1, HSFT300-1, HSPM300-1,
HSYD202-1, HTCP300-1, HTSS100-1, HWFM300-1
SA 1 & SA 2 Time Table for projects / internship /
assignments only. Submit online via ColCampus no
15 to 17 May – June 27 - 10 23:59 later than 10 June 2024 23:59
HADL400-1, HADR400-1, HASD200-1, HBMN330-1,
HCGE231-1, HENT300-1, HHRM300-1, HHRM332-1,
HHRM333-1, HLGE330-1, HMKT300-1, HMKT330-1,
HPBM441-1, HPBM442-1, HPBM444-1, HPCP440-1,
HPFM440-1, HPLW440-1, HPMK442-1, HPRM440-1,
HPRM441-1, HPX100-1, HPXN302-1, HPXS200-1,
HPXS302-1, HRML330-1, HRMS331-1, HSAD300-1,
HSYD300-1, HWBAC230-1, HWBHR330-1,
HWDMM300-1
HCLT104-1, HCLT107-1, HCLT108-1, HSYD100-1,
HSYD201-1
SA 1 – Assignment Due. Submit online via
17 June 10 23:59 ColCampus no later than 10 June 2024 23:59.
HBACC230-1 and HBACC330-1
SA 1 for PAPER BASED EXAM INVIGILATED
17 June 14 09:00-12:30 ASSESSMENT EVENTS
19 June 25 13:00 SA 1 & 2 Results Release
19 June 28 17:00 SA 1 & 2 Results Appeal Close and Release
Supplementary SA 1 Time Table for PAPER BASED
EXAM INVIGILATED ASSESSMENT EVENTS only (with
Supplementary SA2). Remember: Supplementary SA
2’s to be submitted online via ColCampus as per due
20 to 21 July 4 - 10 date on Supplementary SA 2 cover page.
HFAC132-1, HTAX230-1, HFAC232-1, HTAX331-1,
09:00-12:00
20 July 4 HFAC334-1
HANT130-1, HBMN230-1, HBMN300-1, HEVM100-1,
09:00-11:00
HGPLD230-1, HPSY332-1
HBMN200-1, HBMN334-1, HIFSE1181, HLWC200-1,
12:00-14:00
HLWC230-1

HADV200-1, HCGE232-1, HCMLW230-1, HHRM331-1,
15:00-17:00
HLWC130-1, HPAA200-1, HPSW230-1
20 July 5 09:00-12:00 HFAC231-1, HETA231-1, HAUD331-1, HFMN331-1
HADV300-1, HENT200-1, HENT230-1, HEPSFA1181,
09:00-11:00
HFMN330-1, HHRM230-1, HMAC300-1
HBMN231-1, HBMN333-2, HCGE130-1, HCYLW230-1,
12:00-14:00
HFAC201-1, HFAC301-1, HFMN302-1, HRMS230-1
HECO231-1, HECO232-1, HENT330-1, HEVM200-1,
15:00-17:00
HEVM300-1, HLWI230-1, HPSW200-1
HFAC131-1, HMAC230-1, HFMN230-1, HFAC331-1,
09:00-12:00
21 July 8 HTAX332-1, HFAC130-1, HFAC302-1
09:00-11:00 HAPR300-1, HGOP330-1, HPSY131-1
HBMN331-1, HBRD300-1, HERL330-1, HLWM200-1,
12:00-14:00
HPLW230-1, HSOC132-1
HAUD200-1, HGPLC230-1, HHRM200-1, HPR200-1,
15:00-17:00
HPSY231-1, HPSY232-1, HPSY331-1
21 July 9 09:00-12:00 HBMN233-1, HCGA232-1, HMAC330-1, HFAC333-1
HBMN201-1, HLWE230-1, HMAC200-1, HMAC202-1,
09:00-11:00
HPSY132-1, HRMB330-1, HSOC332-1
HBLE300-1, HCML330-1, HHRD200-1, HHRD300-1,
12:00-14:00
HIMC300-1, HPI1181, HRMM330-1
HBMN301-1, HERL230-1, HFMN233-1, HFMN300-1,
15:00-17:00
HFMN301-1, HMKT200-1, HMKT230-1, HPDL230-1
21 July 10 09:00-12:00 HAUD230-1, HFAC332-1, HAUD332-1
HADR230-1, HBMN232-1, HHRD230-1, HILFA1181,
09:00-11:00 HLTX330-1, HSEC200-1, HSOC131-1, HTAX201-1,
HTAX202-1
HBRD330-1, HCONL330-1, HLLW330-1, HLWL200-1,
12:00-14:00
HLWL300-1, HSOC231-1, HSOC232-1, HSOC331-1
Supplementary SA 1 Time Table for open book
ONLINE EXAM INVIGILATED ASSESSMENT EVENTS
with Supplementary SA 2’s to submit. These exams
must be completed on the stipulated dates as
indicated below, and be invigilated. Remember:
Supplementary SA 2’s to be submitted online via
ColCampus as per due date on Supplementary SA 2
cover page.
20 July 4 09:00-12:00 HPBM440-1
21 July 8 09:00-12:00 HPMK440-1
21 July 10 09:00-12:00 HPBM443-1
Supplementary SA 1 Time Table for ONLINE EXAM
INVIGILATED ASSESSMENT EVENTS only. No
Supplementary SA 2’s. These exams must be
20 to 21 July 4 - 10 completed within the exam period.

HHP1181, HHRF1181, HHS1181, HHTD1181,
HPR1181, HPRM1181, HRDC1181, HRP1181,
HYFT1181
INVIGILATED ASSESSMENT EVENTS with
Supplementary SA 2’s to submit. These exams must
be completed within the exam period. Remember:
20 to 21 July 4 - 10 cover page.
Supplementary SA 1 & Supplementary SA 2 Time
Table for projects / internship / assignments only.
20 to 21 July 4 - 10 23:59 10 July 2024 23:59
HWDMM300-1

HSYD201-1
Supplementary SA 1 – Assignment Due. Submit
20 to 21 July 4 - 10 23:59 online via ColCampus no later than 23:59.
HBACC230-1 and HBACC330-1 Supplementary SA 1
for PAPER BASED EXAM INVIGILATED ASSESSMENT
22 July 15 09:00-12:30 EVENTS
22 July 17 17:00 Supplementary SA 1 & 2 Results Release
Supplementary SA 1 & 2 Results Appeal Close and
23 July 22 13:00 Release
HE OFFICE CLOSED FROM 23 JULY – 26 JULY 2024
Academic Calendar Sem B 2024

SEMESTER: JULY - DECEMBER
August 2 17:00 Applications Close
August 3 13:00 Registrations Close
1 August 5 Studies Commence - Week 1
1 August 11 23:59 11 August 2024 23:59. Feedback given in Week 2
4 September 1 23:59 1 September 2024 23:59. Feedback given in Week 5
5 September 8 23:59 8 September 2024 23:59. Feedback given in Week 6
FA 1 – Assignment Due
6 September 13 23:59 13 September 2024 23:59
HACP130-1, HADC401-1, HADC402-1, HADE400-1,
HADF400-1, HADL400-1, HADR1181, HADR230-1,
HADR400-1, HADV100-1, HADV1181, HADV200-1,
HADV300-1, HALL130-1, HALP1181, HALT130-1,
HANT130-1, HAPR300-1, HAPS1181, HASD200-1,
HAUD200-1, HAUD230-1, HAUD331-1, HAUD332-1,
HBFB1181, HBLE300-1, HBMN100-1, HBMN102-1,
HBMN1181, HBMN130-1, HBMN200-1, HBMN201-1,
HBMN333-2, HBMN334-1, HBMT1181, HBRD1181,
HBRD300-1, HBRD330-1, HBTB1181, HCBB1181,
HCGA232-1, HCGE130-1, HCGE231-1, HCGE232-1,
HCHR1181, HCLT106-1, HCLT107-1, HCLT108-1,
HCML330-1, HCMLW230-1, HCNM1181,
HCONL330-1, HCOU1181, HCYLW230-1, HDBP200-1,
HECM1181, HECO130-1, HECO231-1, HECO232-1,
HEFA1181, HEMK1181, HENT100-1, HENT1181,
HENT130-1, HENT200-1, HENT230-1, HENT300-1,
HENT330-1, HEPSFA1181, HERL230-1, HERL330-1,
HETA231-1, HEVM100-1, HEVM1181, HEVM200-1,
HEVM300-1, HFAC130-1, HFAC131-1, HFAC132-1,
HFAC334-1, HFMN230-1, HFMN233-1, HFMN300-1,
HFMN301-1, HFMN302-1, HFMN330-1, HFMN331-1,
HFOA100-1, HGOP330-1, HGPLC230-1, HGPLD230-1,
HHIVC1181, HHM1181, HHMP1181, HHP1181,
HHRD100-1, HHRD130-1, HHRD200-1, HHRD230-1,
HHRD300-1, HHRF1181, HHRM100-1, HHRM130-1,

HHRM200-1, HHRM230-1, HHRM300-1, HHRM331-1,
HHRM332-1, HHRM333-1, HHS1181, HHTD1181,
HIFSE1181, HIIR1181, HILFA1181, HIMC300-1,
HIND1181, HINT1181, HIPLW130-1, HIPM300-1,
HISL130-1, HISM100-1, HISM200-1, HISM300-1,
HIT1181, HITFA1181, HLAA130-1, HLGE330-1,
HLLW330-1, HLTX330-1, HLWC1181, HLWC130-1,
HLWC200-1, HLWC230-1, HLWE230-1, HLWH1181,
HLWI230-1, HLWL200-1, HLWL300-1, HLWM200-1,
HLWP130-1, HLWS130-1, HMAC200-1, HMAC202-1,
HMAC230-1, HMAC300-1, HMAC330-1, HMKR1181,
HMKT100-1, HMKT1181, HMKT130-1, HMKT200-1,
HMKT230-1, HMKT300-1, HMKT330-1, HMLW1181,
HNTS300-1, HODV1181, HPAA200-1, HPAD1181,
HPBM440-1, HPBM441-1, HPBM442-1, HPBM443-1,
HPBM444-1, HPCP440-1, HPDL230-1, HPFM440-1,
HPI1181, HPLM1181, HPLW230-1, HPLW440-1,
HPMK440-1, HPMK442-1, HPPC1181, HPPR1181,
HPPS1181, HPR1181, HPR200-1, HPRM1181,
HPRM440-1, HPSW200-1, HPSW230-1, HPSY131-1,
HPSY332-1, HPX100-1, HPXN200-1, HPXS200-1,
HRDC1181, HRMB330-1, HRML330-1, HRMM330-1,
HRMS230-1, HRMS331-1, HRP1181, HSAD300-1,
HSEC200-1, HSEM1181, HSFT300-1, HSHE1181,
HSMB1181, HSMS1181, HSOC131-1, HSOC132-1,
HSOC231-1, HSOC232-1, HSOC331-1, HSOC332-1,
HSOS1181, HSPM300-1, HSPS1181, HSYD100-1,
HSYD201-1, HSYD202-1, HSYD300-1, HTAX201-1,
HTAX202-1, HTAX230-1, HTAX331-1, HTAX332-1,
HTCP300-1, HTDP1181, HTDS1181, HTDSA1181,
HTOP1181, HTSS100-1, HTTM1181, HWADE1181,
HWBAC230-1, HWBHR330-1, HWBLW330-1,
HWBMM330-1, HWBSS330-1, HWCACP1171,
HWCBMP1171, HWCGMT1181, HWCHAP1181,
HWCHCM1171, HWCHMP1181, HWCHPR1181,
HWCHRM1171, HWCHRP1181, HWCLSP1171,
HWCMDM1181, HWCMP1171, HWCMSM1181,
HWCMSP1181, HWCMTM1181, HWCPLP1181,
HWCTTMP1181, HWDBM300-1, HWDEM300-1,
HWDFA300-1, HWDHR300-1, HWDMM300-1,
HWFM300-1, HYFT1181
6 September 13 23:59 13 September 2024 23:59
HCLT101-1, HCLT103-1, HCLT104-1, HCLT105-1,
HNTS221-1, HNTS222-1, HPXN301-1, HPXS301-1
9 October 4 17:00 FA 1 - Results Release

10 October 11 13:00 FA 1 - Results Appeal Close and Release
10 October 11 23:59 11 October 2024 23:59. Feedback given in Week 12
FA 2 - Assignment Due
12 October 25 23:59 25 October 2024 23:59
HACP130-1, HALL130-1, HALT130-1, HAUD230-1,
HAUD331-1, HAUD332-1, HBMN130-1, HBMN233-1,
HBMN330-1, HCGA232-1, HCGE231-1, HCGE232-1,
HCLT104-1, HCLT107-1, HCLT108-1, HECO130-1,
HEFA1181, HENT130-1, HETA231-1, HFAC130-1,
HFMN230-1, HFMN330-1, HFMN331-1, HGOP330-1,
HHRD130-1, HHRM130-1, HHRM332-1, HHRM333-1,
HISL130-1, HLAA130-1, HLGE330-1, HLWC130-1,
HLWP130-1, HMAC230-1, HMAC330-1, HMKT130-1,
HMKT330-1, HPBM440-1, HPBM441-1, HPBM442-1,
HPBM443-1, HPBM444-1, HPCP440-1, HPFM440-1,
HPI1181, HPLW440-1, HPMK440-1, HPMK442-1,
HPRM440-1, HSYD100-1, HSYD201-1, HTAX230-1,
HTAX331-1, HTAX332-1, HWBAC230-1, HWBHR330-1,
HWDMM300-1
12 October 25 23:59 25 October 2024 23:59
HADL400-1, HADR230-1, HADR400-1, HANT130-1,
HBMN333-2, HBMN334-1, HBRD330-1, HCGE130-1,
HCLT101-1, HCLT105-1, HCML330-1, HCMLW230-1,
HCONL330-1, HCYLW230-1, HECO231-1, HECO232-1,
HENT230-1, HENT330-1, HEPSFA1181, HERL230-1,
HERL330-1, HFAC201-1, HFMN233-1, HGPLC230-1,
HGPLD230-1, HHRD230-1, HHRM230-1, HHRM331-1,
HIFSE1181, HILFA1181, HIPLW130-1, HLLW330-1,
HLTX330-1, HLWC230-1, HLWE230-1, HLWI230-1,
HLWS130-1, HMAC200-1, HMKT230-1, HPDL230-1,
HPLW230-1, HPSW230-1, HPSY131-1, HPSY132-1,
HRMB330-1, HRML330-1, HRMM330-1, HRMS230-1,

HRMS331-1, HSOC131-1, HSOC132-1, HSOC231-1,
HSOC232-1, HSOC331-1, HSOC332-1
HPXN302-1 FA 1 Online Quiz and HPXN302-1 Draft
Project Proposal Assignment Due. Submit online via
12 October 25 23:59 ColCampus no later than 25 October 2024 23:59.
HPXS302-1 FA 1 – Online Quiz Due
12 October 25 23:59 25 October 2024 23:59.
13 November 1 13:00 FA 2 - Results Release
14 November 7 17:00 FA 2 - Results Appeal Close and Release
HCLT107-1, HCLT108-1, HSYD100-1, HSYD201-1,
FA 3 – Assignment Due. Submit online via
15 November 11 23:59 ColCampus no later than 11 November 2024 23:59.
SA 1 Time Table for PAPER BASED EXAM
INVIGILATED ASSESSMENT EVENTS only (with SA 2).
15 to 17 November 11 - 25 ColCampus as per due date on SA 2 cover page.
15 November 11 09:00-12:00 HFAC132-1, HFAC232-1, HTAX332-1
09:00-11:00 HANT130-1, HBMN201-1, HIFSE1181
12:00-14:00 HBMN230-1, HLWC200-1
15:00-17:00 HCMLW230-1, HHRM331-1
15 November 12 09:00-12:00 HFAC130-1, HFAC231-1, HFAC332-1
09:00-11:00 HADV300-1, HCGE130-1, HHRM200-1, HMAC300-1
12:00-14:00 HBMN200-1, HFAC201-1, HFMN302-1
15:00-17:00 HADV200-1, HCGE232-1, HCML330-1
15 November 13 09:00-12:00 HAUD332-1
09:00-11:00 HBMN231-1, HEVM100-1, HSOC332-1
12:00-14:00 HCYLW230-1, HFAC301-1, HPI1181
15:00-17:00 HENT200-1, HFMN330-1
15 November 14 09:00-12:00 HTAX230-1, HTAX331-1
09:00-11:00 HHRD200-1, HHRD300-1, HTAX201-1, HTAX202-1
12:00-14:00 HEVM200-1, HEVM300-1, HFMN301-1, HPSY132-1
15:00-17:00 HECO231-1, HECO232-1
15 November 15 09:00-12:00 HETA231-1, HFAC333-1
09:00-11:00 HGPLC230-1, HGPLD230-1, HLWC130-1, HPSW200-1
12:00-14:00 HBMN331-1, HERL230-1, HIMC300-1, HLWC230-1
15:00-17:00 HAUD200-1, HBLE300-1, HGOP330-1
16 November 18 09:00-12:00 HBMN233-1, HFAC302-1, HFAC331-1
09:00-11:00 HBMN333-2, HHRM230-1
12:00-14:00 HLWM200-1, HPSY231-1, HPSY331-1
15:00-17:00 HADR230-1, HENT230-1, HENT330-1, HFMN233-1
16 November 19 09:00-12:00 HFAC131-1, HFMN230-1
09:00-11:00 HBRD300-1, HLWI230-1, HPSY131-1
12:00-14:00 HAPR300-1, HCONL330-1, HEPSFA1181
15:00-17:00 HERL330-1, HPR200-1
16 November 20 09:00-12:00 HFAC334-1, HMAC230-1, HMAC330-1
09:00-11:00 HMAC200-1, HMAC202-1, HPSY332-1
12:00-14:00 HLWL300-1, HPDL230-1

15:00-17:00 HRMM330-1, HPSY232-1
16 November 21 09:00-12:00 HAUD230-1

09:00-11:00 HBMN301-1, HFMN300-1, HILFA1181, HSOC131-1
12:00-14:00 HHRD230-1, HLLW330-1
15:00-17:00 HLWE230-1, HRMB330-1, HSEC200-1
16 November 22 09:00-12:00 HCGA232-1, HFMN331-1
09:00-11:00 HBRD330-1, HRMS230-1, HPLW230-1, HSOC132-1
12:00-14:00 HMKT200-1, HMKT230-1, HLWL200-1
15:00-17:00 HBMN334-1, HPAA200-1
17 November 25 09:00-12:00 HAUD331-1
09:00-11:00 HBMN232-1, HLTX330-1, HSOC231-1, HSOC232-1
12:00-14:00 HBMN300-1, HPSW230-1, HSOC331-1
ASSESSMENT EVENT which are open book and with
SA 2’s to submit. These exams must be completed
on the stipulated dates as indicated below, and be
invigilated. Remember: SA 2’s to be submitted
online via ColCampus as per due date on SA 2 cover
page.
16 November 18 09:00-12:00 HPBM440-1
16 November 21 09:00-12:00 HPMK440-1
17 November 25 09:00-12:00 HPBM443-1
ASSESSMENT EVENTS only.
No SA 2’s to submit. These exams must be
15 to 17 November 11 - 25 completed within the exam period.
HHP1181, HHRF1181, HHS1181, HHTD1181,
HPR1181, HPRM1181, HRDC1181, HRP1181,
HYFT1181
ASSESSMENT EVENTS with SA 2’s to submit. These
exams must be completed within the exam period.
15 to 17 November 11 - 25 ColCampus as per due date on SA 2 cover page.

SA 1 & SA 2 Time Table for projects / internship /
assignments only. Submit online via ColCampus no
15 to 17 November 11 - 25 23:59 later than 25 November 2024 23:59
HWDMM300-1
HSYD201-1
SA 1 – Assignment Due. Submit online via
17 November 25 23:59 ColCampus no later than 25 November 2024 23:59.
HBACC230-1 and HBACC330-1
SA 1 for PAPER BASED EXAM INVIGILATED
17 November 29 09:00-12:30 ASSESSMENT EVENTS
19 December 9 13:00 SA 1 & 2 Results Release
19 December 12 17:00 SA 1 & 2 Results Appeal Close and Release
HE OFFICE CLOSED FROM 15:00 ON 13 DEC 2024. WILL RE-OPEN 2 JAN 2025

Supplementary SA 1 Time Table for PAPER BASED

EXAM INVIGILATED ASSESSMENT EVENTS only (with
Supplementary SA2). Remember: Supplementary SA
2’s to be submitted online via ColCampus as per due
21 January 2025 13 - 17 date on Supplementary SA 2 cover page.
HFAC132-1, HTAX230-1, HFAC232-1, HTAX331-1,
09:00-12:00
21 January 2025 13 HFAC334-1
HANT130-1, HBMN230-1, HBMN300-1, HEVM100-1,
09:00-11:00
HGPLD230-1, HPSY332-1
HBMN200-1, HBMN334-1, HIFSE1181, HLWC200-1,
12:00-14:00
HLWC230-1
HADV200-1, HCGE232-1, HCMLW230-1, HHRM331-1,
15:00-17:00
HLWC130-1, HPAA200-1, HPSW230-1
21 January 14 09:00-12:00 HFAC231-1, HETA231-1, HAUD331-1, HFMN331-1
HADV300-1, HENT200-1, HENT230-1, HEPSFA1181,
09:00-11:00
HFMN330-1, HHRM230-1, HMAC300-1
HBMN231-1, HBMN333-2, HCGE130-1, HCYLW230-1,
12:00-14:00
HFAC201-1, HFAC301-1, HFMN302-1, HRMS230-1
HECO231-1, HECO232-1, HENT330-1, HEVM200-1,
15:00-17:00
HEVM300-1, HLWI230-1, HPSW200-1
HFAC131-1, HMAC230-1, HFMN230-1, HFAC331-1,
09:00-12:00
21 January 15 HTAX332-1, HFAC130-1, HFAC302-1
09:00-11:00 HAPR300-1, HGOP330-1, HPSY131-1
HBMN331-1, HBRD300-1, HERL330-1, HLWM200-1,
12:00-14:00
HPLW230-1, HSOC132-1
HAUD200-1, HGPLC230-1, HHRM200-1, HPR200-1,
15:00-17:00
HPSY231-1, HPSY232-1, HPSY331-1
21 January 16 09:00-12:00 HBMN233-1, HCGA232-1, HMAC330-1, HFAC333-1
HBMN201-1, HLWE230-1, HMAC200-1, HMAC202-1,
09:00-11:00
HPSY132-1, HRMB330-1, HSOC332-1
HBLE300-1, HCML330-1, HHRD200-1, HHRD300-1,
12:00-14:00
HIMC300-1, HPI1181, HRMM330-1
HBMN301-1, HERL230-1, HFMN233-1, HFMN300-1,
15:00-17:00
HFMN301-1, HMKT200-1, HMKT230-1, HPDL230-1
21 January 17 09:00-12:00 HAUD230-1, HFAC332-1, HAUD332-1
HADR230-1, HBMN232-1, HHRD230-1, HILFA1181,
09:00-11:00 HLTX330-1, HSEC200-1, HSOC131-1, HTAX201-1,
HTAX202-1
HBRD330-1, HCONL330-1, HLLW330-1, HLWL200-1,
12:00-14:00
HLWL300-1, HSOC231-1, HSOC232-1, HSOC331-1
Supplementary SA 1 Time Table for open book
ONLINE EXAM INVIGILATED ASSESSMENT EVENTS
with Supplementary SA 2’s to submit. These exams
must be completed on the stipulated dates as
indicated below, and be invigilated. Remember:
cover page.

21 January 13 09:00-12:00 HPBM440-1
21 January 15 09:00-12:00 HPMK440-1
21 January 17 09:00-12:00 HPBM443-1
INVIGILATED ASSESSMENT EVENTS only. No
Supplementary SA 2’s. These exams must be
21 January 2025 13 - 17 completed within the exam period.
HHP1181, HHRF1181, HHS1181, HHTD1181,
HPR1181, HPRM1181, HRDC1181, HRP1181,
HYFT1181
INVIGILATED ASSESSMENT EVENTS with
Supplementary SA 2’s to submit. These exams must
be completed within the exam period. Remember:
21 January 2025 13 - 17 cover page.
Supplementary SA 1 & Supplementary SA 2 Time
Table for projects / internship / assignments only.
21 January 2025 13 - 17 23:59 17 January 2025 23:59

HWDMM300-1
HSYD201-1
Supplementary SA 1 – Assignment Due. Submit
21 January 2025 17 23:59 online via ColCampus no later than 23:59.
HBACC230-1 and HBACC330-1 Supplementary SA 1
for PAPER BASED EXAM INVIGILATED ASSESSMENT
22 January 2025 22 09:00-12:30 EVENTS
22 January 2025 24 17:00 Supplementary SA 1 & 2 Results Release
Supplementary SA 1 & 2 Results Appeal Close and
23 January 2025 31 13:00 Release
Annexure D: Plagiarism Information Sheet
INFORMATION SHEET: PLAGIARISM
This document serves as a source of information regarding the nature of plagiarism, why it is
important to avoid, and how to ensure that you do not commit plagiarism.
Definition
Plagiarism is the reproduction of somebody else’s work or ideas, and presenting it as your own
without giving recognition to that person (Larney, 2012:5). Any piece of work that you present
under your own name must indeed be your own. If you used someone else’s ideas or words
without citing that person’s work, you have committed plagiarism.
Importance
If you have used someone else’s words or ideas in your work without giving them due credit, that
amounts to you presenting that person’s ideas as your own (AAUP, 2015:6). This affects the
academic integrity of your work, and can also be considered an infringement on the copyright of
the author whose work you used. It is therefore very important to avoid plagiarism when you
present academic work.
Examples
Plagiarism comes in many forms and is not limited to the direct quotation of another person’s
work without giving him credit. The most important cases of plagiarism are set out below:
Plagiarism of Ideas
Definition: Appropriating an idea (e.g. an explanation, a theory, a conclusion, a

hypothesis, a metaphor) in whole or in part, or with superficial modifications, without
giving credit to its originator (Roig, 2011:4)
Example: Original text: “Customer involvement is a fairly novel phenomenon in the

marketplace. By involving customers in the service delivery process, innovation and
productivity is improved.” (Axcell et al, 2015:217)
60 PlagiarismInformationSheet-SM-V1- Jan-Jun2024-31012024
Plagiarism of idea: “If one involves customers in the process of service delivery, this
generally increases innovation and productivity – even though this idea is still a relatively
new and foreign one in the marketplace.”
This is plagiarism because the idea of Axcell et al was taken directly without providing a
reference to their work. The plagiariser only changed “novel idea” to “a relatively new
and foreign idea” to his own version – but this does not represent his own thoughts. It is
the idea of Axcell et al written in a slightly different way.
This can be corrected by adding a reference to the source into work. For example: “If one
involves customers in the process of service delivery, this generally increases innovation
and productivity – even though this idea is still a relatively new and foreign one in the
marketplace (Axcell et al, 2015:217).
Plagiarism of Text
Definition: Copying a portion of text from another source without giving credit to its
author and without enclosing the borrowed text in quotation marks (Roig, 2011:6).
Example: Original text: “The period from 1652 to 1870 was characterized by colonial
settlement and slavery. 1870 – 1924 bought the discovery of gold and diamonds, limited
trade unionism, industrialization and oppression of black workers. From 1924-1956 the
Industrial Conciliation Act was promulgated which created dispute settlement
mechanisms through establishing industrial councils.” (Thompson, 2015: 94).
Plagiarism of text: The period from 1652 to 1870 was characterized by colonial settlement
and slavery. 1870 – 1924 bought the discovery of gold and diamonds, limited trade
unionism, industrialization and oppression of black workers.
This is plagiarism because you are quoting the work of Thompson directly without putting
it in between quotation marks, and without providing a reference to his work.
This can be corrected by adding a reference to the source into the text and placing the
sentence in between quotation marks. For example: “The period from 1652 to 1870 was
characterized by colonial settlement and slavery. 1870 – 1924 bought the discovery of
gold and diamonds, limited trade unionism, industrialization and oppression of black
workers” (Thompson, 2015: 94).
Plagiarism by Improper Paraphrasing
Definition: Taking portions of text from one or more sources, paraphrasing what was said,
and then adding some of your own ideas to that text to pass the entire thought off as your
own. (Roig, 2011:7).
Example: Original text: “The entrepreneur has to be sensitive to opportunities or

problems arising in the business or outside. This awareness is the stimulus for creative
ideas. It is also important that one should have clarity concerning the nature of the
problem in order to develop a creative solution. Therefore, it is of utmost importance to
define the problem clearly.” (De Beer et al., 2008, 168)
Plagiarism by improper paraphrasing: It is important for an entrepreneur to be sensitive

to opportunities as well as problems that occur inside or outside the business. Such
awareness will allow him to come up with creative ideas. Therefore it is important to
pursue the continuous generation of creative ideas.
This is plagiarism because you merely rephrasing the idea of De Beer et al. and then
adding your own sentence to that, without giving reference to the authors for the first
part of your text.
This can be corrected by adding a reference to the source after the first part of this
paragraph. For example: “It is important for an entrepreneur to be sensitive to
opportunities as well as problems that occur inside or outside the business. Such
awareness will allow him to come up with creative ideas” (De Beer et al., 2008: 168).
Therefore it is important to pursue the continuous generation of creative ideas.
Tips to avoid plagiarism:
1) Ensure that you understand the source that you are using and the ideas that it is trying to
convey. A good rule of thumb is that if you can repeat what you have read in your own
words, you most likely have a good understanding of that work. And if you can do that –
you can be sure that you are writing your own ideas.
2) Refer to a few sources (or at least more than one) before starting to write your own work.
This allows you to develop your own thoughts and opinions on the subject matter.
3) Be sure to cite every source that you use. When you are collecting sources, ensure that
you have all the relevant detail for the source that you need to cite it correctly – refer to
the referencing guide in this regard
4) Use quotation marks around text that you have taken directly from an original source.
5) Always include a list of references at the end of your work, with the relevant detail of all
the sources you referred to in your text.
6) Read and edit your work to make sure that you can confidently present it as your own
words and ideas.
Useful sources if you want more information on plagiarism
UT-Austin Academic Integrity “A Brief Guide to Avoiding Plagiarism” (2012) Available at:
[http://www.utexas.edu/cola/cwgs/_files/pdf-4/ai2012.pdf]
The Harvard Method of Referencing: A Beginner’s Guide available on COLcampus.
LIST OF REFERENCES:
AAUP 2015. Policy Documents and Reports 11ed. Baltimore: Johns Hopkins University
Press.
Axcell S., Benedict E., Pria S.D., Kharsany K., Meyer S., Williams S.J. 2015. Marketing
Management 3. Cape Town: EDGE Learning Media.
De Beer A.A., Zeelie D., Groenewald H., Watson H., Rossouw D., Jacobs H. 2008.
Entrepreneurial Skills. Cape Town: Juta and Co Ltd.
Larney, T. 2012 NWU Referencing Guide. Potchefstroom: North-West University

Library Services.
Roig, A. 2011. Avoiding Plagiarism, Self-Plagiarism, and Other Questionable Writing

Practices: A Guide to Ethical Writing. ORI. Avaialble at: [http://ori.hhs.gov/avoiding-
plagiarism-self- plagiarism-and-other-questionable-writing-practices-guide-ethical-
writing. Last accessed: 9/11/2015]
Thompson, D. 2015 Company Law 2. Cape Town: EDGE Learning Media.
PlagiarismInformationSheet-SM-V1- Jan-Jun2024-31012024
64
ANNEXURE E: BREAKDOWN OF PRESCRIBED MATERIAL
The prescribed book for this module, Financial Management 3 (HFMN330-1), is indicated below.
Please note that all the chapters are prescribed. However, not all chapters are formally assessed.
Units that are not formally assessed are indicated as “self-study” units, and provide you with
additional information andcontext within the module.
The course material is divided into 14 units. These 14 units should be studied according to your
proposed study programme (Annexure B). Below, you can find a detailed breakdown of the chapters
in the prescribedtextbook that make up the respective units in your study programme.
Marx, J., De Swardt, C., Pretorius, M. & Rosslyn-Smith, W. (2017). Financial management in
SouthernAfrica. 5th Ed. Cape Town: Pearson.

UNIT CHAPTERS IN PRESCRIBED TEXTBOOK NOTES
1 Chapter 1: Financial goals of a firm
Chapter 2: Financial markets, institutions and securities
2 Chapter 3: Understanding financial statements
Chapter 4: Analysing financial statements
3 Chapter 5: Business and financial planning
Chapter 6: Risk and return
4 Chapter 7: The time value of money
5 Chapter 8: Valuation of shares and debentures
Chapter 18: Dividend policy
6 Chapter 9: Networking capital and cashflow management Chapter 9:
Chapter 10: The management of accounts receivable self-study
Formative Assessment 1 therefore covers Units 1,2,3 & 4
7 Chapter 11: The management of inventory
8 Chapter 12: Capital budgeting and cash flow principles
9 Chapter 13: Capital budgeting techniques
10 Chapter 14: Risk adjustments and other refinements to capital Self-study
budget
11 Chapter 15: The cost of capital
Formative Assessment 2 therefore covers Units 5, 6, 7, 8 9,& 11
12 Chapter 16: Leverage and capital structure Self-study
13 Chapter 17: Leasing and convertible securities
14 Chapter 19: Business rescue
** Important note: the video contents refer to different units as portrayed above. The videos
have beengrouped according to the above breakdown and should be studied in that order as
well. Please ignore any mention to other unit structures in the videos.
65 Breakdown of Prescribed Course Material- HFMN330-1-Jan-Jun2024-SM-V.1-02022024

ANNEXURE F-FORMATIVE ASSESSMENT 1 (FA 1)
HIGHER EDUCATION PROGRAMMES
Academic Year 2024: January-June

Formative Assessment 1: Financial Management
(HFMN330-1)
NQF Level, credits 7, 10
Weighting: 20%
Assessment Type: Essay Questions
Educator: Sandile Mahlanze
Examiner: G. Toringepi
Due Date: 28 March 2024
Total: 100 Marks
Instructions:
• This paper consists of four (4) questions.
• It is based on units 1- 4 (Chapters 1-7) of your prescribed textbook.
• All questions are compulsory.
• SHOW ALL CALCULATIONS
• Your assessment must be typed using:
o Font: Arial
o Font size: 12
o Line spacing: 1.5
66 HFMN330-1-JAN-JUN2024-FA1-GT-V.4-31012024
The following Learning Outcomes are assessed in this assessment:
• Identify the users of financial statements.

• Briefly discuss the International Financial Reporting Standards.
• Calculate profitability, liquidity, activity, solvency, and market ratios.
• Apply the fundamental principles of financial management.
• Understand the objective of financial reporting.
• Understand how qualitative characteristics enhance the usefulness of

financial reports.
• Recognize assets and liabilities, income, and expenses.
• Evaluate the possible impact of fundamental economic variables on the

financial management of a firm.
• Prepare the cash flow statement.
• Evaluate each ratio and suggest possible corrective action where
applicable.
Question 1 [27 Marks]
1.1 Read the below scenario and answer the question that follows.
Southern Ltd is a retail outlet with several retail shops in South Africa. Southern Ltd
is not as large as some of their competitors, but because of their excellent customer
services they are able to cope well with the demands of production and competition
from other larger retail outlets.
Lately, Southern Ltd has been impacted by several incidents resulting from labour
disputes between management and the workers who had been demanding salary
increases. This dispute resulted in prolonged strikes. These strikes disrupt sales and
result in a drop in revenue that causes significant financial turmoil within the firm.
Southern Ltd are forced to sell off several of their retail shops in order to ensure that
they remain solvent.
The CFO for Southern Ltd called an urgent meeting of the executive board. Several
of Southern Ltd.’s newer shareholders have expressed their dismay at the drop in
their equity and want to know why their share value is not as it was when they
originally invested. The CEO tasked the CFO with explaining to the shareholders
why their equity has dropped and why their claims are being labelled as ‘residual’
by the company.
Required:
Explain the reasons that the CFO might choose to explain the drop in shareholder
equity to their shareholders. (20 Marks)
1.2 You are the financial manager for a large poultry wholesaler in Epping, Cape
Town. You have been tasked to calculate whether the firm’s collection term of
30 days is acceptable. Given that the accounts receivable for the firm during a
360-day year were equal to R355 444 and the annual sales were equal to R5
454 569
Required
Calculate the firm’s average collection period and determine if it’s acceptable
or not. (5 Marks)
1.3 Financial managers focus on the financial health of an organization and

establish the possible financial consequences of making a business
decision. With the aid of examples where necessary, highlight the major
difference between an investment decision and a financial decision in an
organisation. (2 Marks)
2.1 Maitland Ltd presents you with the following extract from their books for the
year ended 30 June 2023.
Sales R10 000 00 Rent paid R15 790

0
Inventory (1 July 2022) R57 895 Telephones R66 105
Purchases R3 762 105 Water and electricity R100 632
Inventory (30 June 2023) R815 789 Interest expense R10 632
Advertising R157 895 Non-current assets R7 894 737
Salaries and wages R1 026 316 Ordinary shares R6 414 211
Insurance R76 316 Retained earning R789 553
Depreciation R421 053 Cash R79 306
Maintenance R113 158 Accounts receivables R832 245
Fuel R94 789 Inventory R810 689
Printing R79 000 Accounts payable R584 495
Postage and courier expense R4 737 Long-term liabilities R692 271
Additional information:
• Assume no secondary tax is payable
• Taxation charged at 27%
Required:
Prepare the statement of financial performance for the year ended 30 June 2023.
(23 Marks)
3.1
Sihle lives in South Africa, where the following Consumer Price Index (CPI) levels for
the entire country were recorded across two years:
• January 2022 – December 2022 = 46,3
• January 2023–December 2023= 42,2
Required:
Using these figures, calculate the increase or decrease in the inflation rate across
these two years to 3 decimal places. What effect might be expected on the nominal
rate of interest because of this increase or decrease? (8 Marks)
3.2
Gwede-Zuma Traders runs a successful company in King Williams Town. The

company’s cash flow statement for the year ended 29 February 2024 is as
follows:
R
Notes
Cash flows from operating activities (a)
Cash receipts from customers 3 256 253
Cash paid to suppliers and employees (2 567 895)
Cash generated from operations 1 (b)
Interest received -
Interest paid (5 000)
Dividends received -
Dividends paid (73 947)
Taxation paid (342 105)
Cash flows from investing activities (c)
Purchase of non-current assets (394 737)

Proceeds from non-current assets 7 895
Cash flows from financing activities (d)
Proceeds from the issue of share capital 252 632
Proceeds from long-term borrowings 236 842
Net change in cash and cash equivalents (e)
Cash and cash equivalents: the beginning of the year 42 353
Cash and cash equivalents: end of year (f)
Required
Fill in the missing figures (from a – f) for the cash flow statement in the table above.
Then, explain the function of the cash flow statement in contrast to the statement of
financial position. (18 Marks)
4.1
Nobuntu Ltd presents you with the following extract from their books for the year
ended 30 June 2023
Statement of financial performance for the year ended 30 June 2023

R R
Sales 39 528 947
Less cost of sales (14 811 600)
Opening inventory 826 842
Purchases 14 820 081
Closing inventory (835 323)
Gross profit 24 717 347
Less operating expenses (7 479 216)
Earnings before interest and taxes 17 238 131
Less interest expense (73 684)
Earnings before tax 17 164 447
Less tax (28%) (4 806 045)
Earnings after tax 12 358 402
Net profit distributed as follows:

Dividends to ordinary shareholders (2 842 432)
Retained earnings 9 515 970
Statement of financial position as at 30 June 2023

R R
Non-current assets 47 451 637 Shareholder’s interest
Ordinary shares 43 418 318
Current assets Retained earnings 4 573 970
Cash 236 842 Long-term debt 650 891
Account receivable 836 842 Current liabilities
Inventory 586 805 Accounts payable 468 947
Total assets 49 112 126 Equity and liabilities 49 112 126
• Number of ordinary shares issued 43 418 318@ 1 000 cents each
• Current market price per share 2 395 cents
Industrial averages
Ratio Industrial average

EPS 192 cents
DPS 86 cents
P/E 13
Debt ratio 13%
Debt-equity ratio 26%
Times interest ratio 29
Required:
Calculate the following debt and securities market ratios of a firm based on the
above financial statements. Clearly show the formula you used as well as your
calculations. (24 Marks)
• Earnings per share:
• Dividend per share:
• Price-earnings ratio
• Debt ratio:
• Debt-equity ratio:
• Times interest ratio:
TOTAL: 100 MARK
ANNEXURE G: SAMPLE FORMATIVE ASSESSMENT 1

SAMPLE
Sample Formative Assessment 1: Financial Management (HFMN330-1)

Weighting: SAMPLE
Educator: S.Mahlanze
Due Date: SAMPLE
Total: 100 Marks
Instructions:
• It is based on units 1- 4(Chapters 1-6) of your prescribed textbook.
• Font: Arial
• Font size: 12
• Line spacing: 1.5
76 JHFMN330-1-Jan-Jun2024-SAMPLE-FA1-GT-V3-10072023
• Apply the fundamental principles of financial management

• Summarise financial information in the financial statements
• Prepare the cash flow statement
• Differentiate between the cash flow statement and statement of financial
position
77 JHFMN330-1-Jan-Jun2024-SAMPLE-FA1-GT-V3-10072023
ANNEXURE G: SAMPLE FORMATIVE ASSESSMENT
Question 1 [27 marks]
1.1 (15 marks)
“The management of a firm’s assets is not exclusively in the hands of a financial manager.
Since most business decisions are measured in financial terms, personnel in all functional
departments are, to a greater or lesser extent, involved in the financial decision making of
the firm.” Max at, el 2014. It is therefore important for them to have an understanding of
the principles of financial management.
Required:
Briefly analyse the following fundamental principles of financial management.

(5x3=15 marks)
- The cost- benefit analysis

- The risk-return principle
- The time value of money principle
1.2 (10 marks)

Briefly explain the agency problem and the associated risk posed by a financial manager
to the corporate entity it purports to serve and explain how you would remedy the agency
problem?
1.3 (2 marks)
Financial managers focus on the financial health of an organization and establish the
possible financial consequences of making a business decision. With aid of example where
necessary highlight the major difference between an investment decision and a financial
decision in an organization.
JHFMN330-1-Jan-Jun2024-SAMPLE-FA1-GT-V3-10072023
80
2.1 Engen Motors Ltd presents you with the following extract from their books for the
year ended 30 June 2022.
Sales 11 875 000 Rent paid 18 750

Inventory (1 July 2021) 68 750 Telephones 78 500
Purchases 4 467 500 Water and electricity 119 500
Inventory (30 June 2022) 968 750 Interest expense 12 625
Advertising 187 500 Non-current assets 9 375 000
Salaries and wages 1 218 750 Ordinary shares 7 616 875
Insurance 90 625 Retained earning 937 593
Depreciation 500 000 Cash 94 175
Maintenance 134 375 Accounts receivables 988 290
Fuel 112 562 Inventory 962 693
Printing 93 812 Accounts payable 694 088
Postage and courier expense 5 625 Long-term liabilities 822 071

Required:
Prepare statement of financial performance for the year ended 30 June 2022. (23 marks)
81
3.1 (8 marks)
Norman lives in South Africa where the following Consumer Price Index (CPI) levels
for the entire country were recorded across two years:
• January 2021–December 2021= 43,3
Required:
Using these figures, calculate the increase or decrease in the inflation rate across these
two years to 3 decimal places. What effect might be expected on the nominal rate of
interest because of this increase or decrease?
82
3.2 (18 marks)
Building Traders runs a successful company in small town in Cape Town. Her
company’s cash flow statement for the year ended 28 February 2022 is as follows:
Notes
Interest received -
Cash and cash equivalents: beginning of year 50 294
Required
Fill in the missing figures (from a – f) for the cash flow statement in the table above.
Then, explain the function of the cash flow statement in contrast to the statement of
financial position.
83
4.1
Bomvu Ltd presents you with the following extract from their books for the year ended
30 June 2022

Sales 46 940 625
Less cost of sales 17 588 775
Less tax (28%) (5 707 179)

Dividends to ordinary shareholders 3 378 753
14 675 602

84
Additional information
• Number of ordinary shares issued 51 559 252 @ 1 00cents each
Industrial averages

EPS 192 cents
DPS 86 cents
P/E 13
Debt ratio 13%
Required:
Calculate the basic debt and securities market ratios of a firm based on the above
financial statements. Clearly show the formula you used as well as your calculations.
(24 Marks)
TOTAL: 100 MARKS
85
ANNEXURE H - SAMPLE FORMATIVE ASSESSMENT 1: MEMORANDUM
SAMPLE MEMORANDUM

Sample Formative Assessment 1: Financial Management (HFMN330-1)
Weighting: Sample
Due Date: Sample
Total: 100 Marks
Instructions:
• It is based on units 1- 4 (Chapters 1-6) of your prescribed textbook.
• Font: Arial
• Font size: 12
• Line spacing: 1.5
86 HFMN330-1-Jan-Jun2024-SAMPLE- FA1-Memo-GT-V5-10072023
• Apply the fundamental principles of financial management

• Differentiate between the cash flow statement and statement of financial
position
1.1 (15 marks)
“The management of a firm’s assets is not exclusively in the hands of a financial manager. Since
most business decisions are measured in financial terms, personnel in all functional departments
are, to a greater or lesser extent, involved in the financial decision making of the firm.” Max at,
el 2014. It is therefore important for them to have an understanding of the principles of financial
management.
Required:
Briefly analyse the following fundamental principles of financial management.
(5x3=15 marks)
- The cost- benefit analysis
- The risk-return principle
- The time value of money principle
Solution:
Note to assessor and moderator: award 1 mark for any reasonable point, maximum 5
marks
From a cost-benefit principle point of view, which holds that the benefits of making a
decision should outweigh the cost of the decision. 1 Decision making, based on the
cost of resources only will not necessarily lead to the most economic utilisation of
resources1 . Cost- benefit analyst needs to take into account all related costs and
benefits that is, total costs and total benefits to make a sound financial decision. As far
as possible the benefits should be greater than the cost of any decision. 1 When
completed, a cost benefit analysis (principle) will be yield concrete results that can be
used to develop reasonable conclusions around the feasibility and/or advisability of a
decision or situation1 .
Risk is the probability that the actual result of a decision may deviate from the planned
end result, 1 with an associated financial loss or waste of funds. It differs from
uncertainty in that, in uncertainty there is no probability or measure of the chances that
an event will take place, whereas risk is measurable by means of probabilities. 1 The
risk- return principle is a trade-off between risk and return. 1 The investors will prefer
87
HFMN330-1-Jan-Jun2024-SAMPLE- FA1-Memo-GT-V5-10072023
low risk investments and therefore will require higher returns from projects with higher
risk. 1 As far as possible, the return should exceed the risk involved in any business
decision. 1
The time value of money principle means a person could invest the nominal value of an
amount of money by earning interest. 1 Investors prefer to receive cash flows sooner
rather later, as these cash flows can be reinvested to earn a return. Albeit, if theamount
is invested in inventory, equipment and vehicles, then the amount cannot earninterest.
This ties up with the principle of cost-benefit and risk – return. 1 The former investor will
have to earn a greater return on the investment of assets than on the alternative type
of investment. 1 Where, from risk-return point of view, the return mustcompensate
adequately for the risk incurred.
The time value of money principle also involves the concept of opportunity cost. 1 For
example if a person were to invest R 400 000 in a business firm, the he or she would
forfeit the opportunity of earning interest on that amount1 , because he or she could
have invested the amount in, say a fixed deposit to earn 8% interest and this return with
less risk involved. 1
Ref: Unit 1, page 15-16
1.2 (10 marks)

Briefly explain the agency problem and the associated risk posed by a financial manager
to the corporate entity that it purports to serve and explain how you would remedy the
agency problem?
Solution:
Note to assessor and moderator: award 2 marks for any reasonable point,
maximum 10 marks
Agency problem arises when the objectives of the financial manager are not aligned
with that of the business that is the risk posed when the manager is not acting in the
best interest of the shareholders.  The existence of asymmetric information between
the two stakeholders increases the agency problem in such that the shareholders have
no depth knowledge what is happening on the business hence they just rely on the
published reports and judge the financial manager from that end alone yet the financial
88
manager might be having valid and better explanation on such reports. 
Conflict of interest might also arose when a financial manager pursue their own
objectives, such as improving personal wealth, job security and employment incentives
(bonuses).  As a result the financial manager might be willing to take unnecessary risk
to achieve personal gain at the expense of the business. 
The financial manager might not be qualified or experienced enough to fulfil the
necessary responsibilities; he/she might be inefficient and overlook advantageous
investment opportunities.  These actions place the objectives of the business,
shareholders and other stakeholders in jeopardy and will impair shareholder wealth
maximization. 
Corporations employ several dynamic techniques to circumvent issues resulting from

agency problems, including monitoring, contractual incentives, soliciting the aid of third
parties or relying on other price system mechanisms.  The agency problem requires
that firms clearly define the roles of management and implement an incentive scheme
to ensure that goals are achieved. Sound governance remains the key to ensure a
sustainable business. 
Ref: Unit 1, pages 7-8
1.3 (2 marks)
Financial managers focus on the financial health of an organization and establish the
possible financial consequences of making a business decision. With aid of example where
necessary highlight the major difference between an investment decision and a financial
decision in an organisation.
Solution:
Note to assessor and moderator: award 1 mark for any reasonable point from each
both decisions, maximum marks
A financial manager needs to ensure that funds are managed in such a way that they
become available and when needed by the organisation while on financial decisions the
financial manager will need to evaluate and decide on the capital structure of the business
and how the funds are to be raised.  Key investments decisions includes whether to take
new projects, embark on research and development,  invest in new/sell off old property, 
89
plant and equipment. Major financial decisions will be whether to raise funds through
borrowings (bank loans, issuing bonds/debentures) or share capital and will depend largely
on the company’s target debt/equity ratio. 
Ref: Unit , Page nr:
90
2.1 Engen Motors Ltd presents you with the following extract from their books for the year
ended 30 June 2022.
Sales 11 875 000 Rent paid 18 750
Inventory (1 July 2021) 68 750 Telephones 78 500
Purchases 4 467 500 Water and electricity 119 500
Inventory (30 June 2022) 968 750 Interest expense 12 625
Advertising 187 500 Non-current assets 9 375 000
Salaries and wages 1 218 750 Ordinary shares 7 616 875
Insurance 90 625 Retained earning 937 593
Depreciation 500 000 Cash 94 175
Maintenance 134 375 Accounts receivables 988 290
Fuel 112 562 Inventory 962 693
Printing 93 812 Accounts payable 694 088
Postage and courier expense 5 625 Long-term liabilities 822 071

Required:
Prepare statement of financial performance for the year ended 30 June 2022. (23 Marks)
91
Solution:
Note to assessor and moderator: Self-explanatory maximum 23 marks
Income statement for the year ended 30 June 2022.
Sales 11 875 000 1
Cost of sales 3 567 500 1
Opening inventory 68 750 1
Add Purchases 4 467 500 1
Less Closing inventory (968 750)  1
Gross Profit 8 307 500 1
Less: Operating expenses (2 559 999)1
Advertising 187 500 1
Salaries and wages 1 218 750 1
Insurance 90 625 1
Depreciation 500 000 1
Maintenance 134 375 1
Fuel 112 562 1
Printing 93 812 1
Postage & courier expense 5 625 1
Rent paid 18 750 1
Telephone 78 500 1
Water and electricity 119 500 1
Operating profit for the year 5 747 501 1
Interest income -
Earnings before interest and taxation(EBIT) 5 747 501
Interest expense 12 625 1
5 734 876 1
Taxation (28%) (1 605 765)  1
Earnings after taxation (EAT) 4 129 111 1
92
3.1 Norman lives in South Africa where the following Consumer Price Index CPI)
levels for the entire county were recorded across two years:
• January 2021–December 2021 = 43,3
Required:
Using these figures, calculate the increase or decrease in the inflation rate across these
two years to 3 decimal places. What effect might be expected on the nominal rate of
interest because of this increase or decrease? (8 marks)
Solution:
Note to assessor and moderator: Self-explanatory maximum 8 marks
−PI𝑡𝑡−1
Inflation rate (%) = PI𝑡𝑡 × 100 1
PI𝑡𝑡−1
PI𝑡𝑡= 43.3
PI𝑡𝑡−1= 46.5
[(43.3 1– 46.51) / 46.5 1] x 100
= -0.069 or 6.9% decrease1
Effects:
• The decrease in inflation will result in a decrease in the nominal

rate of interest.  2
• Increase in the consumer’s purchasing power and favourable

capital expenditure projects of businesses.  2
Ref: Unit 2, page 26-28
93
3.23.2
Building Traders runs a successful company in small town in Cape Town. Her
company’s cash flow statement for the year ended 28 February 2022 is as follows:
Notes
Interest received -
Cash and cash equivalents: beginning of year 50 294
Required
Fill in the missing figures (from a – f) for the cash flow statement in the table above. Then,
explain the function of the cash flow statement in contrast to the statement of financial
position. (18 marks)
94
ANNEXURE H - SAMPLE FORMATIVE ASSESSMENT 1:
Solution:
Note to assessor and moderator:
Notes 2022
Cash flows from operating activities (a) 317 424 002
Cash receipts from customers 3 866 800 00
Cash paid to suppliers and employees (3 049 375 00)
Cash generated from operations 1 (b) 817 425 002
Interest received -
Interest paid 3 (5 938 00)
Dividends paid 4 (87 813 00)
Taxation paid 5 (406 250 00)
Cash flows from investing activities (c) (459 375 00) 2
Purchase of non-current assets (468 750 00)
Proceeds from non-current assets 9 375 00
Cash flows from financing activities (d) 581 250 002
Proceeds from the issue of share capital 300 000 00
Proceeds from long-term borrowings 281 250 00
Net change in cash and cash equivalents 2 (e) 439 300 002
Cash and cash equivalents: beginning of year 50 294 00
Cash and cash equivalents: end of year 2 (f) 489 593 002
The statement of financial position shows the financial position of a firm at a

particular date1 . The statement of financial performance details the operating
income for the year (between the statements of financial position dates) and is
based on accrual accounting concepts1 . The cash flow statement, however,
focuses on the cash receipts and payments between two consecutive statementsof
financial position√. The statement of financial performance and the cash flow
statement deal with essentially different aspects of the same business activity1.
The cash flow statement shows the sources (cash inflows) and uses (cash
outflows) of all the financial resources of a firm1. The three objectives of the cash
95
• Operating activities
• Financing activities
• Investing activities.
Ref: Unit 3, p 47-53

Learning outcome:
Prepare the cash flow statement
Differentiate between the cash flow statement and statement of financial position
4.1
Bomvu Ltd presents you with the following extract from their books for the year ended
30 June 2022
Sales 46 940 625
Less cost of sales 17 588 775
Less tax (28%) (5 707 179)

Dividends to ordinary shareholders 3 378 753
14 675 602

Additional information
• Number of ordinary shares issued 82 494 804 @ 1 000cents each

Industrial averages

EPS 192 cents
DPS 86 cents
P/E 13
Debt ratio 13%
Required:
Calculate the basic debt and securities market ratios of a firm based on the above
financial statements. Clearly show the formula you used as well as your calculations.
(24 Marks)
Solution:
Note to assessor and moderator: Mark with the student’s error for example the if the EPS is
wrong and correctly use the same amount on Price earning ratio, mark with student error on
Price earnings ratio.
Earnings per share:
(Earnings after tax – preference share dividend) / number of ordinary shares1

14 675 6031 / 82 494 8041 = 177.89 cents 1
Dividend per share:

Dividends for ordinary share holders / number of ordinary shares issued1
3 378 7531 / 51 559 252 1 = 65.53 cents 1
Price-earnings ratio
Current market price per ordinary share /earnings per share 1
4 550/284.601 = 25,571
Debt ratio:
total liabilities / total assets x 1001
[(R772934 + 556875) = R1 329 809
1 329 809/ 58 320 650) 1 x 100 = 2.28%1
Debt-equity ratio:
Long-term debt / shareholder’s equity x 100/1 1
(772 934/ 56 990 841√) x 1001 = 1,36%1
Times interest ratio:

Earnings before interest and taxes / interest 1
20 470 281/ 87 5001 = 233.95 times1
Comment:
The firm has low debt ratios (requiring relatively low increases in interest payable) 2
and is responsible in its dividend policy2. It should be able to cover its expenses and
increased payments. The firm has a good prospect and should theoretically be able to
maintain its sustainability. 2
Ref: Unit 4 pages 76-83
Learning outcome
Annexure I: Formative Assessment 2 (FA2)

Formative Assessment 2: Financial Management (HFMN330-1)
NQF Level, Credits: 7, 10
Weighting: 20%
Assessment Type: Essay-Type Questions
Educator: Sandile Mahlanze
Due Date: 10 May 2024
Total: 50 marks
Instructions:
• This assignment consists of three (3) questions.
• It is based on Units 5 to 8 (chapters 9 to 13) of your prescribed textbook.
• SHOW ALL CALCULATIONS.
o Font: Arial
o Font size: 12
o Line spacing: 1.5
100 HFMN330-1-JAN-JUN2024-FA2-GT-V3-10012024
The following learning outcomes are assessed in this assessment:

• Calculate and interpret the net present value (NPV) and profitability index
(PI).
• Accurately calculate the weighted average cost of capital (WACC)
• Inventory valuation.
You have recently been appointed as the Financial Manager’s Assistant of Prime Ltd,
and you were provided with the following information for project Lime.
Year Net cash flows

1 R87 015
2 R98 280
3 R94 038
4 R100 667
5 R103 983
The initial investment amounts to R288 519, and the cost of capital (required rate of
return) of 15%. NOTE: YOU MAY USE THE INTEREST TABLES IN APPENDIX A
OF THE PRESCRIBED TEXTBOOK FROM PAGES 493-496
Required:
a) Calculate the net present value (NPV) and the profitability index (PI) of the
project Lime. (12 Marks)
b) Evaluate the project using the NPV and PI and recommend whether to accept
or reject the project. Also, indicate the effect of the project on the shareholders.
(4 Marks)
You have been presented with the following information from Bogus Ltd.
Source of Capital Book Value Market Value Before-tax cost
Long-term debt R11 823 158 R7 389 474 8%
Preference shares R118 232 R177 347 13%
Ordinary shares R3 103 579 R8 867 368 17%
Total R15 044 969 R16 434 189
Assume Bogus Ltd has an average tax rate of 27%
Required:
a) Calculate the WACC based on the book value weights. Round off answers to
two decimal places (10 Marks)
b) Compare the book value and market value method of calculating the WACC.
(2 Marks)
You have recently been appointed as the cost manager at Kingdom Stationaries.
Kingdom buys and sells a standard type of diary.
The details for the year ended 30 June 2023 are as follows:
1 July 2022
• Opening inventory of 936 diaries at R78 each.
31 July 2022
• Purchased 312 diaries at R125 each.
30 April 2023
• Purchased 390 diaries at R120 each.
During the financial year ended 30 June 2023, 400 diaries were sold at R117 each.
Required:
a) Calculate the value of the closing stock by using the FIFO method.
(8 Marks)
b) Calculate the gross profit by using the weighted average method.

(14 Marks)
Use the below format in the next page.
Calculations R
Sales
Cost of Sales
Opening stock
Purchases
Closing Stock
Gross profit
Total: 50 Marks
Annexure J: Summative Assessment 2 (SA2)

Financial Management
Summative Assessment 2 (SA2):
(HFMN330-1)
NQF Level, Credit: 7, 10
Weighting: 10%
Assessment Type: Research Essay
Educator: S, Mahlanze
Due Date 10 June 2024
Total 20 Marks
Instructions
1. Summative Assessment 2 (SA2) must be handed in online before the 10th of June 2024.
2. The essay must be a minimum of 600 (six hundred) words and should not exceed 750 (seven
hundred and fifty) words.
3. The essay structure must be as follows:

• Cover Page:
o Name
o Surname
o Student Number
o Name of your Support Centre (i.e., Boston, Braamfontein)
• Introduction: Tells the reader what the essay is about.
106 HFMN330-1-JAN-JUN2024-SA2-GT-V.4-01022024
Annexure J: Summative Assessment 2 (SA2
• Body / Main Content: Is based on research and relates to the essay question or topic that
has been set.
• Conclusion: Is a summary of what has been covered in the essay, it may also include
suggestions / recommendations.
• Reference list: (not included in the word count): the Harvard Referencing Method must
be adhered to with regards to in-text citations and the reference list. Please make sure
you have read and adhere to the Harvard Method of Referencing: A Beginner’s Guide,
available in the HE Library module on ColCampus, as well as The Beginners Guide to
Plagiarism, available in the HE Student Information module, also on ColCampus.
4. The essay must be typed, using the following type settings only:
• Font: Arial
• Font Size: 12
• Line Spacing: 1.5
5. The following must be adhered to:

• You have been provided with three (3) academic sources (see below). These sources
are compulsory and must be consulted and referenced when answering the research
question.
• It is imperative to note that the compulsory sources must be accessed using the Library
module on ColCampus.
Compulsory sources to peruse:

• B.Garette, &P.Dussauge 2000. Alliances versus acquisitions: choosing the right
option. Available:
https://www.sciencedirect.com/science/article/abs/pii/S0263237399000699
• V.SHROTRIYA 2019. Internal Sources of Finance for Business Organizations.
Available: https://www.researchgate.net/profile/Vikas-
Shrotriya/publication/337464829_Internal_Sources_of_Finance_for_Business_Organ
izations/links/5dd8dfd0299bf10c5a2a9cfa/Internal-Sources-of-Finance-for-Business-
6. 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 1994-now. Sydney: Irwin.
eBook:
Harris, C.A. 1917. How to write music: musical orthography, edited by M. Randall. New
York, NY: H. W. Grey. http://gutenbert.org/files/37281/37281-h/37281-h.htm. Date of
access: 31 August 2017.
Academic Journal article with one author:

Allan, J. 2017. Nurturing supportive learning environment in higher education through the
teaching of study skills: to embed or not to embed? International Journal of Teaching and
Learning in Higher Education, 19(2):64-76.
Academic Journal with 2 or more authors:

Glatt, M.M., Grindstone, C.H & Hult, C.J. 2019. The geographic expansion of Mexican
immigration in the United States and its implications for local law enforcement. Law
Enforcement Executive Forum Journal, 8(1):73-82.
Webpage, no author:
(use first few words of the page title) Improve indigenous housing now, government told.
2007. Available from: <http://www.architecture.com.au/i-cms?page=10220>. Date of
Access, 8 February 2016.
Website:
Australian Securities Exchange. 2019. Market Information. Available from:
<http://www.asx.com.au/professionals/market_information/index.htm> Accessed on 5
July 2019.
Web based image / table / figure:

The Lunar Interior. 2000. Available from:
http://www.planetscapes.com/solar/browse/moon/moonint.jpg 2 Accessed on 8
November 2016.
Blog:
Newton, A. 2007. Newcastle toolkit. 16 January 2007. Angela Newton: Blog. Available
from: <https://elgg.leeds.ac.uk/libajn/weblog/> Accessed on 23 February 2014.
Facebook and Twitter:

Smith, P. 2012. Social networking group, (Facebook), 6 October. Available from:
http://facebook.com Accessed on 29 October 2012.
Newspaper, print:
Wolhuter, T. 2011. How to read food labels. Star. 26, 2 Mar 2011.
Newspaper, electronic database:

Hans, B. 2011. Cosatu slams Swazi loan. The mercury, 15 Aug.
http://www.iol.co.za/mercury/cosatu-slams-swazi-loan-1.1117816 Date of access: 1
Sep. 2012.
7. Plagiarism occurs when a writer duplicates another writer's language or ideas, and then calls
the work his or her own. Simply put, plagiarism is theft. This includes the ‘copy and paste’ of
work from textbooks, study guides, journal articles.
8. Academic sources:
• Not all sources can be classified as an academic source. To judge whether a source is
an academic source, take the following criteria into account:
• The author should be identifiable
• The source should be published by a credible publisher (In an Academic Textbook or

Academic Journal)
• A list of references should be provided
• Wikipedia is not a credible academic source. There is no one author identifiable and
editing an article on this site is very easy. Also, blog posts often provide valuable
information, but this is not academically sound.
9. For HFMN330-1 SA2, You should be working towards a similarity rating of 30% or less. For
this assessment, if a 30% similarity rating is exceeded, a mark of zero (0) will be
awarded. 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% and a mark
of zero (0) will be awarded.
o No scanned PDF assignments are allowed to be submitted. Assignments MUST be

directly converted from MS Word to PDF format. For assignments with multiple file type
submissions, as instructed in the specific assignment, the required PDF document must be
uploaded LAST.
o If a student does not abide by these instructions, and a Copyleaks report is not
issued/issued for the incorrect document, a mark of zero (0) will be awarded for the
assessment.
10. To obtain maximum results, consult the rubric included in this brief to ensure that you adhere
to and meet all the given criteria.
ABC and XYZ are firms based in Durban. They decide that they could merge their businesses
to shoulder into a new business venture together. ABC is convinced that debentures are the way
to finance this endeavour.
Required:
Do you agree with the views of ABC? Explain your reasons for or against the use of debentures to
fund small-scale business ventures such as this.
Compulsory sources to peruse:
• B.Garette, &P.Dussauge 2000. Alliances versus acquisitions: choosing the right option.
Available: https://www.sciencedirect.com/science/article/abs/pii/S0263237399000699
• V.SHROTRIYA 2019. Internal Sources of Finance for Business Organizations. Available:
https://www.researchgate.net/profile/Vikas-
Shrotriya/publication/337464829_Internal_Sources_of_Finance_for_Business_Organization
s/links/5dd8dfd0299bf10c5a2a9cfa/Internal-Sources-of-Finance-for-Business-
The following Learning Outcome is assessed in this assessment:

• Discuss the cash conversion cycle, its funding requirements, and management strategies
Annexure J: Summative Assessment 2 (SA2)
Assignment Suggested mark allocation Total

content 10-15 7– 9 5–6 1-4 15
Body Presents well-adjusted, significant, and Presents noteworthy and valid Presents appropriate information that The topic is not understood at all. Demonstrates
valid information that clearly and information that clearly and adequately supports the central purpose, limited/poor knowledge of debentures and their
convincingly supports the central convincingly supports the central arguments, or goals of the question posed; effect on funding a small-scale business identified
purpose, arguments, or goals of the purpose, arguments, or goals of the demonstrates satisfactory knowledge of but not well-explained.
question posed; demonstrates in-depth question posed; demonstrates in-depth debentures and its effect on funding a
knowledge of debentures and its effect on knowledge of knowledge of debentures small-scale business identified, and
funding a small-scale business identified and its effect on funding a small-scale explanations there but not well explained.
and explanations perfectly coherent with business identified businesses identified
the discussion. and explanations coherent with the
discussion.
3 2 0-1 3
Intro, conclusion, The essay provided an introduction, main body, conclusion, and recommendations. The essay provided an introduction, Poorly structured essay with no introduction,
recommendations, main body,conclusion, and no conclusion, and recommendations
authenticity of work recommendations.
2 0-1 2
Correct resources and Compulsory sources given have been used. Compulsory sources given have been used, and incorrect Harvard referencing.
referencing Correct Harvard referencing. The compulsory sources given have not been used and have incorrect Harvard referencing.
TOTAL 20
Annexure K: Sample Summative Assessment 1

SAMPLE

Sample Summative Assessment 1: Financial Management (HFMN300-1)
Weighting: Sample
Assessment Type: Examination
Stationery: Black/blue pen, calculator
Pass Requirement: Sample
Educator: S. Mahlanze
Due Date: Not Applicable
Total Marks: 70
Instructions:
1. This script consists of 8 pages, including the cover sheet. Ensure
thatyou have all the pages.
2. This examination consists of essay type questions only.
3. Answered all questions on the answer templates provided of the
script. No answers in pencil will be marked.
4. Good Luck!
113
HFMN330-1-Jan-Jun2024-Sample SA1-GC-GT-V1-10072023

• Describe the flow of funds through the economic system
• Calculate the increase or decrease in the inflation rate
• Describe the expected effect on the nominal rate of interest because of the increase
or decrease inflation
• Evaluate the influence of changes in credit terms on profitability.
• Evaluate the influence of the operating leverage in a firm
• Accurately calculate the breakeven point
• Differentiate between the cash flow statement and statement of financial position
Question 1 (24 marks)
Your uncle Paul owns a takeaway shop on the corner of Church Street.
Your uncle has made special arrangements with some of his customers to purchase pies
throughout the month, to collect the money after 30 days.
Uncle Paul reckons that if he informs his customers that he will give them a collection
period of 45 days instead of the current 30, his credit sales will increase from 13 000 pies
in the previous financial year to 24 000 pies.
Your uncle knows that if he implements a more lenient policy, it will increase his bad debts
from 1% of credit sales to 2.5% of credit sales.
Uncle Paul does not currently give a discount, but he estimates that 40% of his total
customers will make use of this if he implements a discount policy of 5% discount if his
customers pay within 10 days.
The selling price of a pie is R14.50 and the variable cost per pie is R6. Use 360 days per
year and 30 days per month. Your uncle Paul has a required return on investment of 12%
114
1.1 Calculate the effect on profit (4 Marks)
1.2 Calculate the cost of marginal investment in accounts receivable (11 Marks)
1.3 Calculate the effect on bad debt (4 Marks)
1.4 Calculate the cost of settlement discount (3 Marks)
1.5 If your uncle had a net increase in profit under the proposed credit terms, make a
recommendation if he should implement the new credit terms or not the option you
are recommending. (2 Marks)
Question 2 (28 Marks)
The following are the correct projected cash receipts and projected cash disbursements
for June and July 2020 that was provided to you by Tipples and Tapples Babyware who
buys and sells baby clothes.
Projected cash receipts for Tipples and Tapples Babyware

June July
Cash sales 450 000 300 000

Dividends 100 000 80 000
Other business income 36 000 8 000
Total cash receipts 586 000 388 000
115
Projected cash disbursements for Tipples and Tapples Babyware

June July
Cash purchases 380 000 150 000

Payments of accounts payable
Lagged one month 130 000 60 000
Wages and salaries 40 000 20 000
Rent payable 12 000 8 000
Marketing Campaign 30 000
Total cash disbursements 592 000 238 000
Other information
On 31 May they had a cash balance of R2 000. From 1 June the firm made a
decision to implement a minimum cash balance of R5 000. The interest on the
cash borrowed in June was R200 in July.
Required:
2.1 Create the cash budget for Tipples and Tapples Babyware for June and July.
(12 marks)
2.2 Tipples and Tapples Babyware cash flow statement for the year ended 28 February
2020 is as follows:
116
CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2018

Notes 2018
Interest received -
Net change in cash and cash equivalents 2 (e)
Cash and cash equivalents: end of year 2 (f)
Required
Fill in the missing figures (from a – f) for the cash flow statement in the table above. Also
performance and the statement of financial position. (12+4=16 marks)
117

You have gained a vast amount of financial knowledge while studying at
Boston. Your auntie San needs financial assistance and has come to you
for advice.
Auntie San owns her own business. She has managed to save a lot of the income
from her business. She informed you that she only gets 4% interest from the bank
and would rather invest her business’s money in a project. She found the following
opportunities:
Project Z Project ZZZ

Initial Investment R500 000 R800 000
Cash Flow Year 1 R300 000 R300 000
The cost of capital is 16%.
Required:
3.1 Calculate the net present value of each project. Round your factor to two
decimals before calculating the net present value for each year. (10 Marks)
3.2 Inform your aunt which project will be the most beneficialand why (2 Marks)
Present value interest factors
118 HFMN330-1-Jan-Jun2024-Sample SA1-GC-GT-V1-10072023

Mulch Ltd is a large gardening supplies wholesaler. Their comparative performance

against industry averages may be tabulated as follows:
RATIO INDUSTRY Eddie Beauty Hair

AVERAGES
Gross profit margin 35% 25%
Net profit margin 15% 10%
ROI 8% 7%
ROE 6% 5%
EPS 160 cents 140 cents
DPS 25 cents 20 cents
P/E 6 4
Net working capital 1 451 534 1 351 434
Current ratio 2,2 2,2
Quick ratio 1,0 0,8
Inventory turnover 12,5 times 12,6 times
Average collection period 30 days 35 days
Debt ratio 12% 2%
Debt–equity ratio 16% 18%
Times interest earned ratio 25 27
Required:
4.1 Highlight at least three problematic ratios in the table, and state what steps the firm
needs to take to improve them. (6 marks)
TOTAL: 70 MARKS
119 HFMN330-1-Jan-Jun2024-Sample SA1-GC-GT-V1-10072023

Annexure L: Sample Summative Assessment 1 Memorandum

SAMPLE MEMORANDUM

Sample Summative Assessment 1: Financial Management (HFMN330-1)
Weighting: Sample
Assessment Type: Examination
Stationery: Black/blue pen, calculator
Pass Requirement: Sample
Examiner: G.Toringepi
Due Date: Sample
Total Marks: 70 marks
Instructions:
1. This script consists of 16 pages, including the cover sheet. Ensure that you
haveall the pages.
2. This examination consists of Section A: essay-type questions only.
3. Answered all questions on the answer templates provided on pages 9-15 of the
script. No answers in pencil will be marked.
4. Good Luck!
120 HFMN330-1-Jan-Jun2024-SampleSA1-Memo-GT-V1-10072023

• Describe the flow of funds through the economic system
• Calculate the increase or decrease in the inflation rate
• Describe the expected effect on the nominal rate of interest because of the increase or
decrease inflation
• Evaluate the influence of changes in credit terms on profitability.
• Evaluate the influence of the operating leverage in a firm
• Accurately calculate the breakeven point
• Differentiate between the cash flow statement and statement of financial position
Your uncle Paul owns a takeaway shop on the corner of Church Street.
Your uncle has made special arrangements with some of his customers to purchase pies
throughout the month where he collects the money after 30 days.
Uncle Paul reckons that if he informs his customers that he will give them a collection period
of 45 days instead of the current 30, his credit sales will increase from 13 000 piesin the
previous financial year to 24 000 pies.
Your uncle knows that if he implements a more lenient policy, it will increase his bad debts
from 1% of credit sales to 2.5% of credit sales.
Uncle Paul does not currently give discount, but he estimates that 40% of his total
customers will make use of this if he implements a discount policy of 5% discount if his
customers pay within 10 days.
The selling price of a pie is R14.50 and the variable cost per pie is R6. Use 360 days per
year and 30 days per month. Your uncle Paul has a required return on investment of 12%
1.1 Calculate the effect on profit (4 Marks)
Solution:
Note to assessor and moderator: Give full marks for final answer OR give marks
per calculation
Step 1 Effect on Profit

Sales increase by 24 000  – 13 000  = 11 000 units
Profit 14.50  – 6  = 8.50 x 11 000 units
= R93 500 increase in profits
1.2 Calculate the cost of marginal investment in accounts receivable. (11 Marks)
Solution:
per calculation
Step 2 Cost of investment
Total variable cost of annual sales

Proposed credit standards
R6  x 24 000  units = R144 000
Current credit standards

R6  x 13 000  units = R78 000
Turnover of accounts receivable

(360 1/2 / 45 ) = 8 times

(360 1/2/30 ) = 12 times
Average investment under proposed plan: R144 000 1/2 / 8 1/2
= R 18 000 (work with amount the student got under proposed credit standards
above)
Average investment under current plan: R78 000 1/2 / 12 1/2

= R 6 500 (work with amount the student got under current credit standards above)
Marginal investment in accounts receivable(R18 000 – R6 500) R 11 500  (work

with amount of student!) X required return on investment of 12% 
Cost of marginal investment in account receivable = 1 380
1.3 Calculate the effect on bad debt. (4 Marks)
Solution:
per calculation
Step 3 Cost of marginal bad debts

0.025 x R14.50 1/2 x 24 0001/2 = R8 700

0.01 x R14.50 x 13 0001/2 = R1 885
Increase in bad debts

R8 700 work with amount the student got under proposed credit standards
– R1 885 (work with amount the student got under current credit standards)
= R6 815 1/2
1.4 Calculate the cost of settlement discount. (3 Marks)
Solution:
Note to assessor and moderator: Give full marks for final answer OR give
marks per calculation
Step 4 Cost of settlement discount
0.05 x 0.40 x R14.50 x 24 000 1/2 =R6 960

0 x 0 x R14.50 x 13 000 = 0 1/2
Cost of settlement discount = 6 960 Mark with what student received at proposed
credit standard
1.5 (2 Marks)
If your uncle had a net increase in profit under the proposed credit terms, make a
recommendation if he should implement the new credit terms or not the option you are
recommending. (2 Marks)
Solution:
The uncle needs to implement the new credit proposal  because his profit under the
new credit proposal will increase. 
Learning Outcomes:
Evaluate the influence of changes in credit terms on profitability
Ref: (Page 229, unit 6, Chapter 10)
The following are the correct projected cash receipts and projected cash disbursements for
June and July 2020 that was provided to you by Tipples and Tapples Babyware who buys
and sells baby clothes.
Projected cash receipts for Tipples and Tapples Babyware

June July
Cash sales 450 000 300 000

Dividends 100 000 80 000
Other business income 36 000 8 000
Total cash receipts 586 000 388 000
Projected cash disbursements for Tipples and Tapples Babyware

June July
Cash purchases 380 000 150 000

Payments of accounts payable
Lagged one month 130 000 60 000
Wages and salaries 40 000 20 000
Rent payable 12 000 8 000
Marketing Campaign 30 000
Total cash disbursements 592 000 238 000
Other information
On 31 May they had a cash balance of R2 000. From 1 June the firm made a
decision to implement a minimum cash balance of R5 000. The interest on the
cash borrowed in June was R200 in July.
Required:
2.1 Create the cash budget for Tipples and Tapples Babyware for June and July.
(12 marks)
Solution:
June July
Total cash receipts 586 000  388 000 
Total cash disbursements 592 000  238 000 
Net Cash Flow (6 000) 150 000
Cash at the beginning of the 2 000  5 000 Give mark if

period correctly transferred
from June
Interest on borrowings 0 (200) 
Cash at the end of the period (4 000) 154 800

before borrowing
Finance needed 9 000  Give mark 0 1/2
according to student
calculation (6 000 - 2
000 + 5 000)
Cash at the end of the period 5 000  Give mark 154 800 1/2 Give
according to student mark according to
calculation student calculation
Cumulative borrowings 9 000 (9 000) 
Excess Cash 0 145 800
Learning Outcome:
Compile a cash budget
Ref: (Page 208, Unit 6)
2.2
Tipples and Tapples Babyware cash flow statement for the year ended 28 February 2020
is as follows:
Notes 2020
Interest received -
Net change in cash and cash equivalents 2 (e)
Cash and cash equivalents: end of year 2 (f)
Required
Fill in the missing figures (from a – f) for the cash flow statement in the table above. Also
performance and the statement of financial position. (12+4=16 marks)
Solution:
Note to assessor and moderator: Note to marker – 16 marks available, student can
get maximum of 16.

Note 2020
s
Cash flows from operating activities (a) 551 280 / 552 00√√
380
Cash paid to suppliers and employees (4 879 000) 00)
Cash generated from operations 1 (b)1 307 880 00√√
Interest received -
Interest paid 3 (8 000) 00)
Dividends paid 4 (137 700) 00)
Taxation paid 5 (609 800) / 00)
(610 900)
Cash flows from investing activities (c) (472 500) 00)√√
Purchase of non-current assets (487 500) 00)
Cash flows from financing activities (d) 1 120 000 00√√
Net change in cash and cash equivalents 2 (e) 1 198 780 / 00√√
1 199 880
Cash and cash equivalents: beginning of 90 620 00
year
Cash and cash equivalents: end of year 2 (f) 1 289 400 / 00√√
1 290 500
The statement of financial position shows the financial position of a firm at a particular
date√. The statement of financial performance details the operating income for the year
(between the statements of financial position dates) and is based on accrual accounting
concepts√. The cash flow statement, however, focuses on the cash receipts and payments
between two consecutive statements of financial position. The statement of financial
performance and the cash flow statement deal with essentially different aspects of the
same business activity√.
The cash flow statement shows the sources (cash inflows) and uses (cash outflows) of
all the financial resources of a firm. The three objectives of the cash flow statement are
to provide information about cash utilised or generated by:√
• Operating activities
• Financing activities
• Investing activities.
Learning Outcomes:
Calculate the increase or decrease in the inflation rate
Describe the expected effect on the nominal rate of interest because of the increase or decrease
inflation
Learning outcomes: Prepare the cash flow statement
Differentiate between the cash flow statement and statement of financial position
You have gained a vast amount of financial knowledge whilst studying at

Boston. Your auntie San is in need of financial assistance and has come
to you for advice.
Auntie San owns her own business. She has managed to save a lot of the
income from her business. She informed you that she only gets 4% interest
from the bank and would rather like to invest her business’s money in a project.
She found the following opportunities:
Project Z Project ZZZ

Initial Investment R500 000 R800 000
The cost of capital is 16%.

Required:
3.1 Calculate the net present value of each project. Round your factor to two decimals
before calculating the net present value for each year. (10 Marks)
Solution:
Note to assessor and moderator: Check if answer is close to the present value, but are not rounded figures,
the student might not have rounded the factor to two decimals. Give marks and grade with errors.
Project Z Net Cash Flow Factor Present value

Year 1 R300 000 0.86 258 000
Year 2 R250 000 0.74 185 000
Year 3 R100 000 0.64 64 000
Initial Investment (500 000) (500 000) 
Net present value 7 000 Mark with
student’s calculation as
above
Project ZZZ Net Cash Flow Factor Present value

Year 1 R300 000 0.86 258 000
Year 2 R350 000 0.74 259 000
Year 3 R300 000 0.64 192 000
Initial Investment (800 000) (800 000) 
Net present value (91 000)  Mark
with student’s
calculation as above
3.2 Inform your aunt which project will be the most beneficialand why. (2 Marks)
Present value interest factors
Solution:
Note to assessor and moderator: Mark with answer that student got in 3.1. Give
any 2 marks
Project Z will be beneficial as it has a positive net present value. Your aunt must
accept this project. 
Do not accept Project ZZZ as this has a negative net present value
Learning Outcomes:
Calculate and interpret the net present value
Ref: (Page 294, unit 9)
Mulch Ltd is a large gardening supplies wholesaler. Their comparative performance

against industry averages may be tabulated as follows:
RATIO INDUSTRY Eddie Beauty Hair

AVERAGES
Gross profit margin 35% 25%
Net profit margin 15% 10%
ROI 8% 7%
ROE 6% 5%
EPS 160 cents 140 cents
DPS 25 cents 20 cents
P/E 6 4
Net working capital 1 451 534 1 351 434
Current ratio 2,2 2,2
Quick ratio 1,0 0,8
Inventory turnover 12,5 times 12,6 times
Average collection period 30 days 35 days
Debt ratio 12% 2%
Debt–equity ratio 16% 18%
Times interest earned ratio 25 27
Required:
4.1 Highlight at least three problematic ratios in the table, and state what steps the firm
needs to take to improve them. (6 marks)
Solution:
Note to assessor and moderator: 1 mark per issue (maximum of 3) and 1 mark per
step to correct issue (maximum of 3)
• To increase their gross profit margin√, Mulch Ltd consider:

o Increasing sales through improved marketing. This might include changes
to the product, price, promotion and distribution of the product.√ Lowering
the levels of inventory.√
o Sourcing inventory at a lower cost or importing goods.√
• To increase their net profit margin√, Mulch Ltd consider:

o Increasing sales through more efficient and selective marketing.√
o Reducing expenses by determining the percentage of sales absorbed by
each type of expense, ranking the expense from the greatest to the lowest
and considering reductions in each type of expense.√
• To decrease their average collection√ period, Mulch Ltd consider:

o Increasing cash sales, thereby reducing sales on credit and lowering the
accounts receivable√.
o Offering discounts for early settlement to debtors, thus accelerating the
collection period.√
o Factoring all or part of the accounts receivable.√
• To decrease their debt-equity ratio√, Mulch Ltd consider:

o Issuing new ordinary shares, as long as it is done by means of a rights
issue to prevent dilution of the shareholding of current shareholders√.
Learning Outcomes:
Accurately calculate the breakeven point

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BOSTON CITY CAMPUS

Assessment Strategy: AS4

January - June 2024

About the Institution

2. CRITICAL OUTCOMES OF THE LEARNING PROGRAMME 7

3. TEACHING, LEARNING AND ASSESSMENT 10

4. STUDENT ACCESS TO IT, LIBRARY AND OTHER RESOURCES 15

5. COMMUNICATION AND SUPPORT 17

6. REQUIREMENTS TO COMPLETE THE MODULE SUCCESSFULLY 21

7. MODULE STRUCTURE AND ASSESSMENT SPECIFICS 23

9. STUDY PROCEDURE AND GUIDELINES FOR COMPLETING ASSESSMENTS 27

A. EXPLANATION OF ACTION VERBS REQUIRED FOR COMPLETING ASSESSMENTS 31

B. PROPOSED STUDY PROGRAMME 32

C. ACADEMIC CALENDAR FOR 2024 42

D. PLAGIARISM INFORMATION SHEET 60

E. BREAKDOWN OF PROPOSED COURSE MATERIAL 65

G. SAMPLE FORMATIVE ASSESSMENT 1 76

H. SAMPLE FORMATIVE ASSESSMENT 1: MEMORANDUM 86

I. FORMATIVE ASSESSMENT 2 100

J. SUMMATIVE ASSESSMENT 2 106

K. SAMPLE SUMMATIVE ASSESSMENT 1 113

L. SAMPLE SUMMATIVE ASSESSMENT 1: MEMORANDUM 120

Welcome to the Financial Management 3 (HFMN330-1) module. This Course Outline is

The purpose of Financial Management 3 is to provide students with knowledge of net

1.2 The Module

• Module name: Financial Management 3 (HFMN330-1)

1.3 Notional Hours

1.4 Introduction to SAQA, QCs and the NQF

Who is the South African Qualifications Authority (SAQA)?

In terms of qualifications and professional bodies, SAQA must:

What are Quality Councils (QCs)?

The three QCs are:

The National Qualifications Framework (NQF) is a comprehensive system for the

What Does the NQF Look Like?

The NQF is organised as a series of levels of learning achievement, arranged in ascending

Description NQF 5 NQF 6 NQF 7 NQF 8

3.1 Learning Philosophy

As an accredited and registered private higher education institution, Boston is committed to

• Should be action-orientated and communicative

3.2 Learning Methodology

Teaching at Boston consists of:

Learning consists of:

3.3 Assessment Strategies and Types of Assessments

The following are examples of assessment strategies used:

Assessment Strategy 1 (AS1): The formative assessment 1 (FA1), formative assessment 2

Assessment Strategy IS (ASIS): An integrated summative assessment 1 (SA1) in the form of a

There are a number of assessment types appropriate to the distance-learning environment,

• To encourage students to review

3.3.1 Self-Assessment and Recommended Reading

3.3.2 Report Writing

3.3.3 True-False Test

3.3.4 Open-Book Test/Assignment

Open-book testing is used to:

3.3.5 Multiple-Choice Question Examination

3.3.6 Student-Centred Interaction

By encouraging students to continually ask questions and be comfortable with the

3.3.7 Sample Assignment and Examination Papers and Memoranda

Students receive a sample assignment and memorandum, as well as a sample examination

3.4 Feedback to Students

4.1 Distance Learners and Support Centres

4.2 Hours of Operation

Head of Library Services Contact details

5.1 Student Support