Exam (elaborations)
FAC3702 EXAM SEMESTER 1 2023 (MAY/JUNE)
- Course
- FAC3702 (FAC3702)
- Institution
- University Of South Africa
FAC3702 EXAM SEMESTER 1 2023 QUESTIONS AND ANSWERS
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lOMoAR cPSD| 24668432FAC3702 EXAM
SEMESTER 1 2023
(MAY/JUNE)
QUESTIONS WITH COMPLETE ANSWERS
[School]
[Course title]
, 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
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