lOMoAR cPSD| 24668432
FAC3702 EXAM
SEMESTER 1 2023
(MAY/JUNE)
QUESTIONS WITH COMPLETE ANSWERS
[DATE]
[COMPANY NAME]
[Company address]
, lOMoAR cPSD| 24668432
MAY/JUNE 2023
FAC3702
DISTINCTIVE FINANCIAL REPORTING
100 marks
3 hours 30 minutes for
uploading.
THIS PAPER CONSISTS OF NINE (9) PAGES.
INSTRUCTIONS:
Please remember to complete the Honesty Declaration.
Follow these steps to submit your take-home answer file.
1. Open the Take-Home (Assignment) assessment.
2. Download the question paper and note any additional information provided, such as the proctoring tool
to be used.
3. Complete the Take-Home assessment in MS Word or on paper.
Note: MS Word documents need to be saved as PDF documents, and paper-based answers must be
scanned into a combined PDF document.
4. When ready to submit, open the Take-Home (Assignment) assessment again and click on the Add
Submission button.
5. Note the file requirements such as:
• File size limit.
• Number of files that can be submitted.
• File formats allowed.
6. Check the acknowledgment checkbox and upload your answers document and then click on the Save
changes button.
7. Review your submission information regarding the status and click on your submission file link to check if
it's correct.
8. If you need to resubmit a file, you can click on the Edit Submission button. Note: You will need to delete
any existing files.
PLEASE NOTE:
1. The paper consists of TWO (2) questions.
2. All questions must be answered.
3. All calculations must be shown.
5. Each question attempted, must commence on a new (separate) page.
6. PROPOSED TIME-TABLE: (Avoid deviating from this as much as possible.)
Question Subject Marks Time
number (minutes)
Property, plant and equipment, Investment Property,
1 Noncurrent assets held for sale and discontinued operations, 52 94
Impairment loss and Intangible assets.
Property, plant and equipment, Investment property, Intangible
2 assets, Impairment loss and the effects of foreign exchange 48 86
rates.
, lOMoAR cPSD| 24668432
TOTAL 100 180
INVIGILATOR APP INSTRUCTIONS
• Ensure you are connected to the internet in order to log into the Invigilator App and scan
this QR code.
• If you encounter difficulty in scanning the QR code, you can alternatively enter the Exam
Access Code below the QR code to start the invigilation.
• Unless otherwise specified by your institution, note that you can only scan this QR code
once. If your assessment has multiple online sections, tests or attempts, you should NOT
finish the invigilation until your entire assessment has been completed.
• Only scan the QR code when the assessment formally commences.
• The QR code is only scannable for a limited time and it should therefore be scanned
as soon as possible to start the invigilation.
• Once the QR code is scanned, ensure your media volume Is turned up and place your
smartphone next to you. The Invigilator App will notify you with a notification beep when
you are required to action a request, which you should then perform.
• We recommend that you keep your smartphone on charge for the duration of the
assessment.
• If you only have one device you may access your assessment in the application by
pressing the ‘Access Exam’ button in the top right corner of your app.
• Keep the Invigilator App open on your cell phone for the full duration of the
assessment. You are not allowed to minimise or leave the app.
• Ensure you are connected to the internet in order to commence the invigilation as well as
at the end of the assessment. No internet connection is required during the assessment.
• You have to adhere to the assessment time limit communicated to you by your
institution as the time displayed in the Invigilator App could differ from the time allocated
to complete your assessment.
• You can click the "Finish Assessment" button in the app if you finish your assessment
early.
• If you are performing a written or Scan-and-Upload assessment:
• The Invigilator App may request you to take a picture of every page of your answer sheet
at the end of the assessment. Unless otherwise specified by your institution, this does
NOT replace the normal upload of your script to your institutions online portal
• After completing invigilation and following all app instructions, you must upload your
Invigilation App data. If however there is a delay in the upload of the app data at the end
of the assessment, you should prioritise the upload of your script to your university portal
and you can temporarily minimise the app to do so. Uploading of app data is not time
sensitive and you can come back and do it after you have successfully uploaded your
script to the exam portal.
• Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk
on 073 505 8273.
FAC3702 EXAM
SEMESTER 1 2023
(MAY/JUNE)
QUESTIONS WITH COMPLETE ANSWERS
[DATE]
[COMPANY NAME]
[Company address]
, lOMoAR cPSD| 24668432
MAY/JUNE 2023
FAC3702
DISTINCTIVE FINANCIAL REPORTING
100 marks
3 hours 30 minutes for
uploading.
THIS PAPER CONSISTS OF NINE (9) PAGES.
INSTRUCTIONS:
Please remember to complete the Honesty Declaration.
Follow these steps to submit your take-home answer file.
1. Open the Take-Home (Assignment) assessment.
2. Download the question paper and note any additional information provided, such as the proctoring tool
to be used.
3. Complete the Take-Home assessment in MS Word or on paper.
Note: MS Word documents need to be saved as PDF documents, and paper-based answers must be
scanned into a combined PDF document.
4. When ready to submit, open the Take-Home (Assignment) assessment again and click on the Add
Submission button.
5. Note the file requirements such as:
• File size limit.
• Number of files that can be submitted.
• File formats allowed.
6. Check the acknowledgment checkbox and upload your answers document and then click on the Save
changes button.
7. Review your submission information regarding the status and click on your submission file link to check if
it's correct.
8. If you need to resubmit a file, you can click on the Edit Submission button. Note: You will need to delete
any existing files.
PLEASE NOTE:
1. The paper consists of TWO (2) questions.
2. All questions must be answered.
3. All calculations must be shown.
5. Each question attempted, must commence on a new (separate) page.
6. PROPOSED TIME-TABLE: (Avoid deviating from this as much as possible.)
Question Subject Marks Time
number (minutes)
Property, plant and equipment, Investment Property,
1 Noncurrent assets held for sale and discontinued operations, 52 94
Impairment loss and Intangible assets.
Property, plant and equipment, Investment property, Intangible
2 assets, Impairment loss and the effects of foreign exchange 48 86
rates.
, lOMoAR cPSD| 24668432
TOTAL 100 180
INVIGILATOR APP INSTRUCTIONS
• Ensure you are connected to the internet in order to log into the Invigilator App and scan
this QR code.
• If you encounter difficulty in scanning the QR code, you can alternatively enter the Exam
Access Code below the QR code to start the invigilation.
• Unless otherwise specified by your institution, note that you can only scan this QR code
once. If your assessment has multiple online sections, tests or attempts, you should NOT
finish the invigilation until your entire assessment has been completed.
• Only scan the QR code when the assessment formally commences.
• The QR code is only scannable for a limited time and it should therefore be scanned
as soon as possible to start the invigilation.
• Once the QR code is scanned, ensure your media volume Is turned up and place your
smartphone next to you. The Invigilator App will notify you with a notification beep when
you are required to action a request, which you should then perform.
• We recommend that you keep your smartphone on charge for the duration of the
assessment.
• If you only have one device you may access your assessment in the application by
pressing the ‘Access Exam’ button in the top right corner of your app.
• Keep the Invigilator App open on your cell phone for the full duration of the
assessment. You are not allowed to minimise or leave the app.
• Ensure you are connected to the internet in order to commence the invigilation as well as
at the end of the assessment. No internet connection is required during the assessment.
• You have to adhere to the assessment time limit communicated to you by your
institution as the time displayed in the Invigilator App could differ from the time allocated
to complete your assessment.
• You can click the "Finish Assessment" button in the app if you finish your assessment
early.
• If you are performing a written or Scan-and-Upload assessment:
• The Invigilator App may request you to take a picture of every page of your answer sheet
at the end of the assessment. Unless otherwise specified by your institution, this does
NOT replace the normal upload of your script to your institutions online portal
• After completing invigilation and following all app instructions, you must upload your
Invigilation App data. If however there is a delay in the upload of the app data at the end
of the assessment, you should prioritise the upload of your script to your university portal
and you can temporarily minimise the app to do so. Uploading of app data is not time
sensitive and you can come back and do it after you have successfully uploaded your
script to the exam portal.
• Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk
on 073 505 8273.
