Duration: One academic year
Language medium: English
Target group:
Individuals interested in a career in the fields of bookkeeping and basic financial reporting, or those students who intend furthering their academic tuition towards obtaining a degree in Accounting at UNISA.
Admission requirements:
A South African National Senior Certificate (with or without university exemption) or an equivalent NQF level 4 matriculation qualification. Accounting or mathematics at matriculation level is not required for the Course in Fundamental Accounting.
Registration periods:
The course comprises two modules, namely FUAC02F and FUAC03G. You first register for FUAC02F and then for FUAC03G only after having passed FUAC02F. The registration dates for the first and second semester closes in line with the university registration dates for that semester.
Course leader details:
Tshepo Diale
Programme Leader: Course in Fundamental Accounting
Tel: 012 429 8497
Email: dialet@unisa.ac.za
Programme administrator:
Admin Officer
Unisa Centre for Lifelong Learning
360 Lillian Ngoyi Street, Pretoria Central
Solomon Mahlangu Building 2nd floor
Tel: 012 352 4288
Email address: UCL@unisa.ac.za
Application Link: www.unisa.ac.za/applyslp
Purpose statement:
The objective of this course is to equip a student with bookkeeping and basic financial reporting skills applicable to the preparation of a full set of bookkeeping records and the financial reports of a sole proprietorship, company and non-profit organisation - statements of cash flows excluded.
After the successful completion of this course, in terms of bookkeeping, a student should be able to complete the books of prime entry from source documents, post journal entries to ledger(s), calculate and record adjustments, record closing entries, and prepare pre- and post adjustment trial balances. Specific attention is given to the calculation and recording of value-added tax, the preparation of bank reconciliation statements, the application of periodic and perpetual inventory systems, the preparation of debtors and creditors control accounts, and debtors and creditors ledgers. In terms of financial reporting, attention is also given to the preparation of financial reports from incomplete records. In addition, a student should be able to prepare cash budgets
Modules:
FUAC02F - Introductory Bookkeeping and Reporting
Content:
Study guide:
Introductory Bookkeeping and Reporting
The nature and function of accounting
The nature of accounting theory
The financial position
The financial result
The double-entry system
The accounting process
Processing accounting data
Adjustments
The closing-off procedure, determining of profit, and preparation of financial reports
FUAC03G - Intermediate Bookkeeping and Reporting
Content:
Study guide:
Intermediate Bookkeeping and Reporting
Cash and cash equivalents
Trade and other receivables
Inventory
Property, plant and equipment
Other non-current assets and financial instruments
Current liabilities
Non-current liabilities
The financial reports of a sole proprietorship
The financial reports of a company
Non-profit organisations
Incomplete records
Planning and control (cash budgets)