Financial accounting 201

Module code FRK 201
Qualification Undergraduate
Faculty Faculty of Economic and Management Sciences
Module content

*Only for BCom (Accounting Sciences) students
(This is a core module for BCom (Accounting Sciences) that forms part of the CA Programme. Modules are compiled and presented taking cognisance of the requirements of the SAICA syllabus.)
Preparation and presentation of company annual financial statements in compliance with the requirements of the Companies Act and Statements of Generally Accepted Accounting Practice relating to the following: the presentation of financial statements; revenue; inventory; property, plant and equipment; investment properties; impairment (of individual assets); provisions; leases; events after the balance sheet date; earnings per share; accounting policies, changes in accounting estimates and errors; certain aspects of financial instruments. Introduction to consolidations, including basic consolidation techniques for both wholly-owned and partly-owned subsidiaries. Certain aspects of the Companies Act, including directors’ emoluments and Schedule 4.
A technical ability to apply the aforementioned knowledge to complex problems is essential.

Module credits 32.00
Prerequisites FRK 100 or FRK 101; Only available to BCom (Accounting Sciences) students
Contact time 4 lectures per week
Language of tuition Module is presented in English
Department Accounting
Period of presentation Year

The information published here is subject to change and may be amended after the publication of this information. The General Regulations (G Regulations) apply to all faculties of the University of Pretoria. It is expected of students to familiarise themselves well with these regulations as well as with the information contained in the General Rules section. Ignorance concerning these regulations and rules will not be accepted as an excuse for any transgression.

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