North-West University (NWU)

Good notes that cover the most important concepts of each Chapter. It is easy to learn from notes and to understand the work. It helps to understand more difficult concepts better and is visually pleasing to learn from.

Describe and apply the following concepts and to calculate each of them: Break-even point Contribution (marginal income) Contribution margin Margin of safety Margin of safety ratio Operating leverage.

Describe and apply the following concepts and to calculate each of them: Break-even point Contribution (marginal income) Contribution margin Margin of safety Margin of safety ratio Operating leverage.

A summary of the tax base, tax rate structure and tax liability. The tax framework for individuals, rebates, gross income (definition and court cases), special inclusions and exempt income. Summarized according to the learning outcomes provided for this study unit.

A summary of the normal tax payable by a natural person, rebates, medical tax credits, taxation of married persons, minor children, contribution to retirement funds, Section 18A donations, assessed losses and ring-fencing of assessed losses and the suspect trade list.

A summary according to the learning outcomes provided Close corporations: the nature thereof and its members, distinctive features, the Companies act of 2008, contributions and interest, acquisition and disposal of interest, duties of members, cession of membership, association agreement, advantages and disadvantages. Trusts: characteristics, structure, requirements, rights and obligations and types of trusts Partnerships: definitions, characteristics, legal nature, aggregate theory, types o...

A summary of the disclosure standard IAS 8; accounting policies and how to disclose a change in accounting policy, how to disclose changes in accounting estimates and calculate the effect thereof in prior and current financial years and how to correct different types of errors and disclose them

A summary of the important definitions in IAS 36, the impairment test and indicator review, recoverable amount and disclosure. Includes an example with journal entries of different scenarios that can occur when an asset is impaired.

A summary of the definition, elements of the definition, initial and subsequent measurement (amortization and impairment), recognition and disclosure of investment property in terms of IAS 38

A summary of the definition, categories, measurement, systems, and net realisable value of inventory as well as the manufacturing cost and application rates and extended credit terms.