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FAC2601 EXAM PACK 2022

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Latest exam questions and answers and summarized notes for exam preparation. for assistance. All the best on your exams!!

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FAC2601

EXAM PACK

,UNIVERSITY EXAMINATIONS




May / June 2022

FAC2601

Financial Accounting for Companies

100 marks
2 hours


This paper consists of NINE (9) pages.

Instructions:

1. This paper consists of THREE (3) questions.

2. All questions must be answered.

3. Basic calculations, where applicable, must be shown.

4. Each question attempted must commence on a new (separate) page.




5. PROPOSED TIMETABLE: (Avoid deviating from this as far as possible.)

Question Time in
no Subject Marks minutes
1 Multiple choice question 10 12
2 Statement of profit or loss and other 40 48
comprehensive income including the note on
profit before tax
3 Statement of changes in equity and statement 50 60
of financial position
TOTAL 100 120



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, 2 FAC2601
MAY/JUNE 2022


Download this paper as soon as it has been accessed.

Remember to complete and adhere to the Honesty Declaration.

Please upload your submission in PDF-format: a single file not larger than
20Mb, before the expiry of the available time. (https://cas.myexams.unisa.ac.za).

Additional student instructions:
1. Students must upload their answer scripts in a single PDF file
(answer scripts must not be password protected or uploaded as
“read only” files).

2. NO emailed scripts will be accepted.

3. Students are advised to preview submissions (answer scripts) to
ensure legibility and that the correct answer script file has been
uploaded.

4. Students are permitted to resubmit their answer scripts should their
initial submission be unsatisfactory.

5. Incorrect file format and uncollated answer scripts will not be
considered.

6. Incorrect answer scripts and/or submissions made on unofficial
examinations platforms (including the invigilator cellphone
application) will not be marked and no opportunity will be granted
for resubmission.

7. A mark awarded for incomplete submission will be the student’s
final mark. No opportunity for resubmission will be granted.

8. A mark awarded for illegible scanned submission will be the
student’s final mark. No opportunity for resubmission will be
granted.

9. Only the last file uploaded and submitted will be marked.

10. Submissions will only be accepted from registered student
accounts.

11. Students who have not utilised the invigilation or proctoring tools
will be deemed to have transgressed Unisa’s examination rules
and will have their marks withheld.

12. Students have 48 hours from the day of their examination to
upload their invigilator results from the Invigilator App. Failure to do
so will result in students deemed not have utilised invigilation or
proctoring tools.
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, 3 FAC2601
MAY/JUNE 2022


13. Students must complete the online declaration of own work when
submitting. Students suspected of dishonest conduct during the
examinations will be subjected to disciplinary processes. Students
may not communicate with other students, or request assistance
from other students during examinations. Plagiarism is a violation
of academic integrity, and students who do plagiarise or copy
verbatim from published work will be in violation of the Policy on
Academic Integrity and the Student Disciplinary Code and may be
referred to disciplinary hearing. Unisa has a zero tolerance for
plagiarism and/or any other forms of academic dishonesty.


14. Students are provided one hour to submit their answer scripts after
the official examination time. Submissions made after the official
examination time will be rejected by the examination regulations
and will not be marked.

15. Non-adherence to the processes for uploading examination
responses will not qualify the student for any special concessions
or future assessments.

16. Queries that are beyond Unisa’s control include the following:

i.Personal network or service provider issues
ii.Load shedding/limited space on personal computer
iii.Crashed computer
iv. Using a work computer that blocks access to myExams site
(work firewall challenges)
v. Unlicensed software (e.g., licence expires during exams)

Students experiencing the above challenges are advised to apply
for an aegrotat and submit supporting evidence within ten days of
the examination session. Students will not be able to apply for an
aegrotat for a third examination opportunity.

17. Students experiencing technical challenges, contact the SCSC 080
000 1870 or email Examenquiries@unisa.ac.za or refer to Get-
Help resource for the list of additional contact numbers.
Communication received from your myLife account will be
considered.




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