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2023 - Learner Guide - FNLT101 - (S2)
2023 - Learner Guide - FNLT101 - (S2)
2023
DEPARTMENT OF FINANCIAL ACCOUNTING
- BUSINESS ADMIN
- BUSINESS LAW/LEGAL ASPECTS
- HUMAN RESOURCES
- MARKETING MANAGEMENT
- OPERATIONS MANAGEMENT
- PUBLIC ADMIN/MANAGEMENT
- PUBLIC RELATIONS
- RETAIL MANAGEMENT
SAQA CREDITS: 08
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FINANCIAL LITERACY ACADEMICS
DURBAN CAMPUS
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PIETERMARITZBURG CAMPUS
Name of Lecturer : Dr Nyanine Cheule Fanou Dombeu
Office : Department of Finance & Information
Management
Campus location : Riverside Campus
Telephone : 033 845 8863
Fax No : 033 845 8816
E-Mail : NyanineF@dut.ac.za
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CONTENTS
1. Welcome ............................................................................................... 5
4. Learning outcomes................................................................................ 8
5. Learning, teaching and assessment strategies...................................... 9
APPENDIX A .......................................................................................... 20
APPENDIX B .......................................................................................... 21
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You are advised to keep this document in a safe place as it is the
basis on which all decisions will be taken. If you should require
recognition from another institution this document will have to be
submitted as proof of what you have done.
Please refer to this document at all times as it provides you with
important information regarding Financial Literacy.
1. Welcome
Welcome to Financial Literacy module. This learner guide provides you with essential
information about Financial Literacy module. We hope that you enjoy this subject and
that you find it interesting and challenging.
Please start working from the very first lecture in order to maximise your chance of
passing!
Please ensure that you keep this document in a safe place as it will be useful for you to
refer to during the semester. It is also the basis on which all decisions regarding
Financial Literacy will be taken and should you transfer to another Institution they will
want to see this document as proof of what you have studied.
Lectures will form an important means of instruction in this subject. During the lectures
the lecturers will explain the topics and go through practical lecture examples with
students. Further, lecture examples are sometimes quite lengthy and so if students miss
a lecture they will then find it difficult to follow the subsequent lecture.
Attendance at these lectures is vital as they provide the first opportunity for students to
understand the topics. If attendance is erratic, students will find that they will have gaps
in their understanding which will often make further understanding difficult.
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Understanding Financial Literacy can be described as a series of building blocks and
consistent attendance at lectures will give students a good foundation.
Please note that attendance at lectures also means arriving punctually for the start of
the lecture. If a student arrives half way through the lecture, apart from disrupting the
lecture, they will struggle to pick up what has already been covered.
The use of cell phones in a lecture is prohibited. Students are urged to switch off
their phones when they log onto the online lectures or when attending face to face
lectures. The receiving and making of calls is discourteous, RUDE and very disturbing.
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2. Using your online Ms Teams classroom
Ritson Road Campus online classroom code for Financial Literacy will be FNLT101.
.
Riverside Campus online classroom code for Financial Literacy will be FINL101.
Contact your respective lecturer from your campus if you do not receive an
invite on your email. Other announcements are going to be added on Think
Zone which you can access from the following link
https://thinklearnzone.dut.ac.za .
To log in, check out “how to log in” on the DUT e-learning website.
http://elearning.dut.ac.za/faq/faq_students/.
The e-learning website has contact information for help and technical
assistance http://elearning.dut.ac.za/contacts/ should you encounter technical glitches.
You can call the e-learning helpdesk on 031 373 6758 or email them on
edtechadmin@dut.ac.za for other assistance.
Financial Literacy is the ability to understand how money works in the world: how
someone manages to earn or make it, how that person manages it, how he/she invests
it (turn it into more) and how that person donates it to help others. More specifically, it
refers to the set of skills and knowledge that allows an individual to make informed and
effective decisions with all of their financial resources.
Prescribed Textbook
There are NO prescribed textbooks for Financial Literacy. Subject/study guides that
include lecture notes, model examples, lecture review examples and tutorial/self-
assessment questions and solutions will be provided for the topics covered in this
subject. No additional resources will be used in most topics except the prescribed and
recommended materials.
Practical/ Homework/Tutorials
Students are expected to go over what has been covered during lectures on a
daily basis. Further, included in the study guides for each topic, are self-
assessment questions. A tutor will be allocated to the module for respective diplomas.
4. Learning outcomes
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Critical cross-field outcomes
In addition to the learning outcomes this module will also address the following critical
cross-field outcomes:
Identifying and solving problems in which responses display that
responsible decisions using critical and creative thinking have been
made
Working effectively with others as a member of a team, group,
organisation or community.
Organizing and managing oneself and one’s activities responsibly and
effectively.
Collecting, analysing, organizing, and critically evaluating information.
a) Learning activities
b) Graduate attributes
Knowledgeable practitioners
Information literacy
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Culturally, environmentally and socially aware within a local and global
context.
Global citizenship
Social responsibility
Active and reflective learners
Lifelong learning
Personal and intellectual autonomy
Lectures will form an important means of instruction in this subject. During the lectures
the lecturers will explain the topics and go through practical lecture examples with
students.
Attendance at these lectures is vital as they provide the first opportunity for students to
understand the topics. If attendance is erratic students will find that they will have gaps
in their understanding which will often make further understanding difficult.
Understanding financial literacy can be described as a series of building blocks and
consistent attendance at lectures will give students a good foundation.
Further, lecture examples are sometimes quite lengthy and so if students miss a lecture
they will then find it difficult to follow the subsequent lecture.
Please note that attendance at lectures also means arriving punctually for the start of
the lecture. If a student arrives half way through the lecture, apart from disrupting the
lecture, they will struggle to pick up what has already been covered.
The use of cell phones in a face to face lecture is prohibited. Students are urged
to switch off their phones when they enter the venue. The receiving and making
of calls is discourteous, RUDE and very disturbing. This includes the sending and
receiving of text messages. Students who do not abide by this rule may be asked
to leave the venue for the rest of the lecture.
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d) Method of Assessments (Continuous assessments)
There will be 4 continuous assessments (3 tests, 1 Aegrotat test for those who meet
the RULES for the Aegrotat test) in total so ALL are Compulsory. The best three
assessment marks out of four assessments (dependent on Aegrotat test) will be used
to calculate your FINAL mark for the Semester. If you do not attempt any of the
assessments, you will be unsuccessful in passing this module.
NOTE: There are NO re-writes of any tests NOR are there any make-
up tests for this module.
PLEASE NOTE: -
(See lecture programme on pages 21).
For face to face tests, students will be informed of the actual date, time and venue of the
Financial Literacy in lectures or on Moodle announcements. Please be in lectures to
hear the announcement!
Students must ensure that they write FACE TO FACE TESTS in the correct venue.
If you write in the wrong venue or with the wrong group, you risk your script not
being marked or else receiving your result long after the rest of your class!!!!
Test 4 is the AEGROTAT TEST for student with a valid reason as below:
- AEGROTAT TEST
There is a possibility that a student may miss the compulsory tests for a valid
reason e.g. illness, death of immediate family member, accident. Should this
happen a student may be eligible to write an AEGROTAT TEST.
NOTE: -
Each module may have different rules regarding Aegrotat tests.
Do not assume that the rules for one module apply to all
modules. Refer to the module documentation for each specific
module.
Students are referred to the DuT Rule Book and General handbook for
Students for detailed Test and Examination rules.
Your FINAL mark will be the average of the three BEST assessments.
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There are no further AEGROTAT TESTS if your FINAL MARK is below 50%. We
remind you AGAIN to please write ALL assessments and score more than 50% in
all assessments.
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The assessment schedule will be as follows:
Maximum
Duration of Test & Number of Venue/
Test #
Availability online attempts Platform Topics
1 90 minutes: Conceptual Framework &
One Moodle
Available from 3:00 – 8:00 pm (1) The Accounting Equation
2 90 minutes
One Face to Financial Statements &
(1) Face Inventories
3 90 minutes
One Face to Cash Budget
(1) Face
4 90 minutes:
Available from 3:00 – 8:00 pm One
(1) Moodle Labour (Aegrotat test)
(Aegrotat Test)
- Closer to the date of each control test your lecturer will confirm the topics to
be covered, the exact time of the control test and the venue of the control test.
- You should arrive outside the control test venue at least 20 minutes before
the scheduled start of the control test. YOU MAY NOT ENTER THE VENUE
UNTIL YOU ARE TOLD BY AN INVIGILATOR THAT YOU MAY DO SO!!!
- Take note of the seating plan for the venue which will be stuck on the
wall outside.
- You may NOT borrow other student’s stationery during the control test. To
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every control test you MUST BRING: an arithmetic calculator that has new
batteries, a blue pen, a few sharp HB or 2B pencils, an eraser and a ruler.
- Please ensure that you bring a calculator that works with you to each Control
Test and to the Examinations. Students are responsible for their own
stationery and this INCLUDES calculators!!! You MAY NOT USE A CELL
PHONE AS A CALCULATOR UNDER ANY CIRCUMSTANCES!!!!
- Students must bring valid Student Cards to each control test. You must place
your Student Card on your desk so that the invigilators can see it easily.
- Should you complete the control test before the allocated time you MAY NOT
SIMPLY LEAVE THE VENUE!!! You must raise your hand, an invigilator will
come to you and remove your answer booklet. ONLY THEN MAY YOU
LEAVE THE VENUE.
- You MAY NOT LEAVE the control test venue in the LAST FIVE MINUTES of
the control test.
- At the end of the control test the invigilator will tell you to STOP WRITING.
YOU MUST STOP WRITING IMMEDIATELY!!! If you do not stop writing
you are in contravention of the DUT examination rules!!!
- After the invigilator has told you to stop writing you must gather your papers
together as quickly as possible so that the invigilators can collect the scripts
quickly. YOU MUST REMAIN SEATED AND QUIET UNTIL ALL SCRIPTS
HAVE BEEN COLLECTED. ONCE THE INVIGILATORS ARE SATISFIED
THAT THEY HAVE COLLECTED ALL SCRIPTS YOU WILL BE TOLD THAT
YOU MAY LEAVE THE VENUE.
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e) Activities to promote learning
TUTORIALS
Tutorials will be held on a regular basis and will form part of the lectures. The
main objective of having such sessions is to allow students to tackle practical
problems under the supervision of a lecturer or teaching assistant/tutor. Included
in the study guides for each topic, are lecture review questions which are
questions with no solutions provided. Some of the problems set will come from
past examination papers so that the student becomes accustomed to working
under examination conditions. Tutorials will build on the work covered in the
lecture examples and provide vital opportunity for practical work. A tutor will
possibly be allocated to support tutorial work.
HOMEWORK
Students are expected to go over what has been covered during lectures on a
daily basis. Further, included in the study guides for each topic, are self-
assessment questions. These are to be completed by students and will be tested.
Self-assessment questions that are given will be provided with solutions however
will not be discussed in class. Students are to discuss these with their lecturers
during consultation times. Students will also be expected to complete tutorial
exercises at home if there is not enough time to do so during the lecture periods,
or if they have not kept up with the majority of the class.
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ADVICE TO HELP YOU PASS!
Students are urged, for their own benefit, to keep up to date at all times.
This will improve your chance of passing this subject. Once you have fallen
behind in Financial Literacy it is very difficult to catch up.
A compulsory library orientation is offered to all first level learners. The students are
orientated with regards the library environment, subject librarians, internet and research
facilities. This is reinforced and developed within the modules by the lecturers in
preparation for assessments.
c) Cash Budget
d) Labour
The DUT, Faculty and Department emphasizes the need for academic integrity in all
student learning and assessment activities. Various formal and informal workshops and
training sessions are conducted during the duration of the programme to inform and
train students on the plagiarism policies, procedures and guidelines as well as the
relevant tools and techniques for referencing the materials and resources used in the
completion of assessment task. In particular, the DUT plagiarism declaration must be
completed and submitted with assignments, portfolios, and other formative
assessments.
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8. Copying by students
A student:
- MAY make a copy for the purpose of research or private study, or for personal
or private use, in terms of section 12 of the Copyright Act No. 98 of 1978, as
amended. This is referred to as “fair dealing”.
- May NOT copy more than the permitted amounts, as specified above. If
he/she needs to copy more than this, he/she must apply for Copyright
Permission, to the Copyright Office at DUT or directly to the publisher.
- May NOT make copies for other students. Each student must make his/her
own copies, within the legal limit.
- May NOT photocopy a whole book or journal, or a large portion thereof. This
practice is illegal and causes book prices to increase.
- May NOT plagiarize someone else’s work or ideas, whether from print or
electronic sources.
- May NOT scan, adapt, translate or convert information into different formats
without prior permission.
9. Student support
Academic support is provided via tutorials and one on one student consultation
sessions. In addition, at risk students and modules with low pass rates are identified at
a departmental/module levels. Basic study skill, note taking, and time management
concepts are introduced by module lecturers. Thereafter students are referred to
Student Counselling, Student Health services, Library courses, Financial Aid. Finally,
students also have access to residence study programmes and other courses offered
by Student Governance. An informal system of monitoring and tracking is implemented
at the module level.
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10. Work Integrated Learning (WIL), industry, community, and
occupation- related information.
Work preparedness concepts, real world based case study, simulations, project
work is integrated in the programme at all levels.
Information feedback, internal and external moderation, LEQs, SEQs, GS, peer
reviews, PRE and AQM.
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APPENDIX A
c) Labour
d) Cash Budgets
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APPENDIX B
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NB: TEST INFORMATION: -
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