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Short Learning Programme
in
Basic Accounting
The Department of Education (DoE) identified a need for Accounting education for teachers and approached the School of Accounting Sciences on the NWU’s Vaal Triangle Campus. A formal course has been developed in order to allow teachers (and attendees) of the course to learn the basics of Accounting and keep the material as future reference. The document will enhance the average Accounting knowledge of the attendee enabling him/her to share the knowledge with his/her learners. This course is for educators who teach Accounting but have limited formal academic training in the science. This course is also for the attendee who wants to update his/her knowledge with regard to Accounting. In completing this course, the educator and the attendee will be able to obtain a holistic view of accounting; understand accounting topics fully that are relevant to the basic teaching level; assist in the interpretation of basic accounting concepts; and expand and build on current knowledge around the accounting science.

Purpose of the course:

The course is designed to allow the educator or attendee to obtain an understanding around basic concepts that are related to the Accounting sciences. In addition, the attendee will receive an opportunity to explore the application of the theory of Accounting; and this course will also assist and equip attendees to present Accounting to their learners in a manner that enables learners to understand and interpret Accounting science correctly.

Admission requirements:

Admission requirements: 
Senior Certificate / Equivalent NQF 4 qualification.
Learning assumed to be in place: 
Basic accounting knowledge

Course outcomes and assessment criteria :

Course outcomes and the associated assessment criteria: 

Fixed assetAccounting for Companies

Study Unit

Outcomes

Assessment Criteria

  After completion of this course, participants will: Participant will be assessed on the following criteria:
Accounting Equation and Accounting Cycle as well as Value Added Tax To apply the Accounting equation concepts together with value added tax principles
  • Understand the basics of Accounting, its elements, equation, and cycle.
  • Distinguish between income and expense, liabilities, assets and equity.
  • Understand and correctly apply the duality concept.
  • Understand value added tax, its principles and properties.
  • Name and describe types in value added tax.
  • Indicate examples for each type of supply.
 
Inventory and Manufacturing Entities Value, record, and report on inventories that represents a material component of current asses.
  • Define inventory.
  • Understand the differences between inventory systems.
  • Capitalise the correct costs to the purchase price and identify conversion costs.
  • Understand and apply different techniques to measure inventory.
  • Calculate profit mark-ups of retail entities.
  • Understand the functioning of manufacturing entities.
  • Complete general ledgers and production cost statements.
  • Calculate breakeven points of manufacturers
Reconciliations Understand the concept of reconciling financial information. Explain the three types of reconciliation (bank reconciliation, creditor’s reconciliation, and debtor’s reconciliation).
  • Understand the concept of bank reconciliation and explain why it is performed.
  • Understand the concept of creditor’s reconciliation and explain why it is performed.
  • Understand the concept of debtor’s reconciliation and explain why it is performed.
  • Draft a bank reconciliation statement.
  • Draft a creditors’ reconciliation statement.
  • Draft a debtors’ reconciliation statement.
  • Perform a debtors’ age analysis
Fixed assets Apply the different methods of depreciation and disposal of fixed assets.
  • Identify fixed assets and provide examples of fixed assets.
  • Calculate depreciation and account for depreciation using the different methods.
  • Calculate and account for profit or loss when an asset is sold.
  • Account for disposal in the note: Property plant and equipment
Accounting for Companies Set up accounts and financial statements for companies
  • Understand and apply Accounting adjustments to financial information.
  • Draft financial statements.
  • Analyse financial information by applying applicable formulae.
  • Calculate and account for share buy backs
Cash Flow statements Explain the importance of the cash flow statement, the sections and format
  • Explain the importance of a cash flow statement.
  • Understand the sections that are included in the cash flow statement

 

Assessment: 
Attendees receive a certificate of completion only if they attend all the sessions and complete the assignment. It will also be important, for informal formative assessment for attendees to participate during the course by answering homework questions. Summative assessment: Assignment
Method of assessment: 
This course is practical; during each session application is expected from attendees. At the end of the course, attendees hand in an assignment which will be marked according to a memorandum.

Additional information

CESM 040201
Mode of delivery: 
Contact
Target group: 
Accounting educators
Contact us
Name: 
UCE
E-mail: 
Telephone number: 
018 285 2821