DEPARTMENT OF APPLIED ACCOUNTING

ACCOUNTING FUNDAMENTALS – RFC1011

2024
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Tertiary Institution Nelson Mandela University

Faculty Business and Economic Sciences

School Accounting

Department Applied Accounting

Instructional Programme Diploma in Management

MODULE GUIDE
Instructional Offering Accounting Fundamentals

Subject Code and Document ID RFC1011

Date of Implementation February 2024

Tuition Credits 12 credits

Pre-Requisite Subjects None

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MODULE OUTCOMES

PURPOSE

To provide learners with and understanding of the relevant accounting

principles necessary for making strategic economic decisions, thus enabling
students to be able to properly prepare and comment on financial data.

LEARNING OUTCOMES

Students will be able to:

• Conduct arithmetic calculations.

• Do simple VAT calculations.
• Identify various accounting source documents and describe/explain
their purpose and function.
• Explain the accounting cycle.
• Outline and describe the effects of transactions on the financial
statements (A=O+L).
• Apply the double entry principle.
• Prepare and understand the function of books of first entry.
• Translate the books of first entry to the general ledger.
• Do bank reconciliations.
• Explain the purpose of Accounts Receivable and Accounts Payable in
the control accounts.

CRITICAL CROSS-FIELD OUTCOMES

At the completion of the module, you should have the ability to:

• Critically evaluate financial information before appropriate financial

concepts are applied.
• Organise and manage financial information to convert it into clear and
accurate financial reports, useful for users of such reports.

ASSESSMENT
1 x 3-hour examination, 40% class mark + 60% examination mark.

MODERATION
Internal moderation

PRE-REQUISITES FOR THIS MODULE

None
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ACCOUNTING FUNDAMENTALS (RFC1011)

Date Week Learning Topic Important events
unit happening!
12 Feb 1 1 Accounting Terms, Definitions
and Accounting cycle
Chapter 2
19 Feb 2 1 Accounting Terms, Definitions
and Accounting cycle
Chapter 2
26 Feb 3 2 Accounting Equation
Chapter 3
04 Mar 4 2 Accounting Equation
Chapter 3
11 Mar 5 3 VAT 13 – 17 Mar Quiz 1
Chapter 4 15 Mar Assessment 1
18 Mar 6 4 Subsidiary Journal
Chapter 5
25 Mar 7 4 Subsidiary Journal
Chapter 5
01 Apr 8 RECESS
08 Apr 9 4 General Ledger & Trial
Balance
Chapter 6
15 Apr 10 5 General Ledger & Trial
Balance
Chapter 6
22 Apr 11 5 General Ledger & Trial 26 Apr Assessment 2
Balance Submission of portfolio
Chapter 6
29 Apr 12 6&7 Control Accounts & Bank
Reconciliation
Chapter 6 & 7
06 May 13 7 Bank Reconciliation 8 – 12 May Quiz 2
Chapter 7
13 May 14 7 Bank Reconciliation
Chapter 7
20 May 15 REVISION WEEK
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*Module Assessments / Sick Test (important information):

1. All dates for module assessments and the sick test must still be confirmed,
please note these provisional dates for planning purposes. These dates will be
confirmed during face-to-face lecture periods and via your student email
address.

2. Full-time and part-time students will write the module assessments at different
times. Under no circumstance may a student write at the incorrect time without a
valid reason discussed with their lecturer prior to the assessment. Should you
not adhere to this rule your script will not be marked.

3. It is each student’s responsibility to ensure that they are aware on which date
and time the sick test will be written, lecturers do not take responsibility for a
student who misses the assessment.

COURSE MANAGEMENT

Credit for this module (RFC1011) is achieved by means of the class mark (40%)
obtained throughout the semester and an examination written in June 2024 (60%).
An overall pass mark of 50% is required to be successful in this module. The
prerequisite for RFC1012 is the successful completion of RFC1011, should
you not meet the prerequisite requirement you will not be permitted to
register for RFC1012.

To be successful in this course, students should be prepared to work at least two

hours a day.

TEACHING METHODOLOGY

The module comprises of conceptual issues of financial accounting which will be

dealt with during lectures.

Face-to-face (F2F) lectures will be used as the main mode of delivery of the
module content. Students will be required to access Moodle online learning as part
of the module. Therefore, all RFC1011 students will be responsible to access
recorded exercises and additional resources.

Students will not be successful in this module unless they attend F2F
lectures and attempt all exercises. This includes accessing and watching
recorded online uploaded exercises and additional resources as specified by
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the module co-ordinator. All students are encouraged to consult with their
lecturer should they require additional assistance. It should be noted – work
covered during F2F lectures will not be uploaded onto Moodle.

PART-TIME LECTURES

Part-time lectures for this module are scheduled on Tuesday evenings from 17:30.
Only students registered as a part-time student may attend at this time. It is
important that students regularly remain in contact with the respective lecturer, Mr
A. Khan regarding these lectures.

ABSENCE AND CHECKING OF ASSESSMENTS

Illness will NOT be regarded as a valid reason for absence from an assessment
unless a valid medical certificate is produced within three (3) days of the
assessment being administered. The University reserves the right to consult the
medical doctor concerned as to the severity of the disorder. Such students must
write a SICK test on Tuesday, *17 May 2024 (times to be confirmed with your
lecturer) covering the FULL semester’s work.

Assessments will be handed back during F2F lecture periods together with the
memorandum which will be uploaded onto Moodle. Students will have an
opportunity during the F2F lecture period to check their assessments, this includes
mark allocation, adding up of marks and the marking of content. Any changes or
adjustments to marks MUST be made during that period, once the student has left
the venue with their assessment it will be assumed that all is in order and no marks
will be adjusted after this lecture period. Should you be absent on the day the
assessment is handed back during the F2F lecture, it is the student’s responsibility
to collect his/her assessment from their respective lecturer (an appointment must
be scheduled with the lecturer beforehand) and immediately go through the
assessment. Once you leave the lecturers office it will be assumed that all is in
order, no marks will be changed once you have left with your assessment.

Assessments may not be handed back, nor may the marks be disclosed to any
student who is not registered.

CLASS ATTENDANCE
• Illness will not be regarded as a valid reason for absence from a class unless
a valid medical certificate is produced.
• No late comers will be tolerated.
• Lecturers will take regular class attendance which will count towards students’
final marks.
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EVALUATION

Class Mark weighting 40%

Assessment 1 F2F test 16%
Assessment 2 F2F test 16%
E-Assessments Quizzes 4%
Portfolio Written 4%
Exam Mark weighting 60%
Exam F2F exam 60%

Total FINAL MARK 100%

• Class Mark will be calculated as follows:

% Provisional
date
Assessment 1 – 40% Learning unit F2F - 15 March
1-3 written
Assessment 2 – 40% Learning unit F2F - 26 April
2,4,5 written
E-Assessments – 5% Learning unit Quiz 1 - 13 - 17 March
4% 1,2 Moodle
5% Learning unit Quiz 2 - 08 – 12 May
3-7 Moodle
Portfolio 10% Learning unit Submission 26 April
1-5 in class

Examination: The examination will take place during the University

formal examination period. Examination dates are set by the University
exams department and not the lecturers. (03 – 24 June 2024)

Please note: The dates for the Assessments are not finalised and will
be communicated to all students during the semester.

Should you require further clarity please contact your lecturer.

NB!! RFC1011 must be successfully completed

before you can proceed to RFC1012!
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PRESCRIBED TEXT

Applied Accounting. Juan-Pierre Bruwer, Tracy Beck, Richard Beck, Marina

Chalmers, Gauda Johannes Maseko, Pieter Pelle, Noluthando Radebe and Tracey
Walker (Oxford University Press).
Please note that this textbook will be used for RFC 1011
(semester 1) and RFC 1012 (semester 2).
LECTURERS

Course co-ordinator & full-time lecturer at Second Avenue campus:

Miss CS Grondt
Second Avenue campus
Admin block – 2-39
Tel: 041-504-3871
E-mail: clarissa.grondt@mandela.ac.za

Full-time and Part-time lecturer at Second Avenue campus:

Mr A Khan
Second Avenue campus
Admin block – 2-53
Tel: 041-504-3760
E-mail: ameer.khan@mandela.ac.za

Lecturer at the George Campus:

Ms A Moni
George campus
Admin building
Tel: 044-801-5584
E-mail: amanda.moni@mandela.ac.za

ADDITIONAL CONTACT DETAILS

Once you have perused the Faculty App and you find that you need to direct a query to the
specific person, prepare the email, indicating in the subject line what the issue is about,
and then greeting the person, formulating your email very clearly, indicating your student
name and number, the relevant qualification and in a short and precise manner, the nature
of the request and the necessary information, a thank you and your name, surname,
student number and qualification (signature for email once you are registered for a
programme).
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Role Name & Surname E-mail

Departmental
Mrs Aadiela Abrahams Aadiela.Abrahams@mandela.ac.za
Secretary
Faculty
administrator
Registration
Module Ms Mandisa Manzinyo mandisa.mazinyo@mandela.ac.za
additions/changes
‘Propensity’ letter
for NSFAS
First point of information
about faculty
Welcome
Know your department
Faculty Information
Digital How2
Faculty APP Orientation https://4320902.igen.app/
Campus Maps
Virtual tour
FAQs
Res Info
Academic Support
Contact Us
Examination
For exam queries. exams@mandela.ac.za
office
Academic record,
graduation certificate;
letter of completion
Student Records (only after marks are studentrecords@mandela.ac.za
formally published),
change of personal
details
Student Copy of statement;
StudentAccounts@mandela.ac.za
Accounts statement inquiries
FinancialAid@mandela.ac.za
Funding issues,
Financial Aid
concessions

Information related to a
Programme
programme if not Dr Paul Tai-Hing
leader
covered in the paul.tai-hing@mandela.ac.za
Diploma in
prospectus.
Management

HoD -
Department of Mrs Lizel Bester
lizel.bester@mandela.ac.za
Applied
Accounting
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EXTRACT OF RULES TAKEN FROM THE GENERAL PROSPECTUS

2024 GENERAL PROSPECTUS_NELSON MANDELA UNIVERSITY

G1.3 Academic Progression and Re-admission of Students

G1.3.1 The University has the legal authority to refuse the re-admission of a
student and will do so, if a student is considered not to be making satisfactory
academic progress in a programme he/she is enrolled in.
G1.3.2 Academic progression and Re-admission rules applicable to a particular
Faculty, qualification or programme are published by the University.
G1.3.3 A student who has been refused re-admission more than once, may not
apply for admission to a different programme.

G1.4.12.1 A student shall not be permitted to register for a particular module unless
he/she has met the requisite requirement(s) as stipulated in the faculty rules.

G1.4.13 Cancellation of modules when requisite requirements are not met:

If it becomes clear that a student is following a module for which he/she has not
met the requisite requirement(s), the registration for the module will be cancelled.

G1.5.2.1 Modules are scheduled without clashes on the timetable in terms of the
qualification/programme curriculum requirements, but they do not make provision
for a clash-free timetable:
G1.5.2.1.1 across the multiple year levels of a qualification/programme curriculum;
OR
G1.5.2.1.2 for students repeating modules within or across years; OR
G1.5.2.1.3 for all elective modules within a qualification/programme curriculum.
G1.5.2.2 Students may not register for modules that clash on lecturing timetables,
except with the permission of the Head of Department concerned.
G1.5.2.3 It is the responsibility of the student to ensure that he/she is not registered
for modules that clash on the timetable.
G1.5.2.4 In the event of a clash, the responsibility rests with the student to amend
his/her registration accordingly.
G1.5.3 Class group attendance:
G1.5.3.1 A student must ensure that he/she attends the class group (including
practicals and tutorials) he/she is assigned to.
G1.5.3.2 Where a module has been linked to a class group, the onus is on the
student to ensure that it does not result in a clash with another module on his/her
timetable.
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G1.5.3.3 If a clash is determined after registration, the onus is on the student to

amend his/her registration accordingly.

G1.5.4 Class attendance for part-time and full-time students:

Students registered as full-time or part-time for their respective qualification or
programme shall attend classes which may be scheduled during day or evening
periods as published on the official lecture timetable.

G1.5.5 Academic week:

Classes, assessments and other academic activities normally extend from
Mondays to Fridays, with e.g. the first classes of the day starting at 07:45 and the
final classes ending at 20:45. Classes, assessments and other academic activities
may also be scheduled on Saturdays as required.

G1.10 Assessments
Please refer to this section regarding all general rules – it is the students
responsibility to ensure they are aware of the general rules.
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Re-admission criteria for full time students:

Outcome: 3-year programme (360+ credits)

Period of
Registration Continue Conditional re-
No re-admission
studies admission
Less than 72 N/A
After 1 year 72+ credits
credits
After 2 years 144+ credits 80 – 143 credits Less than 80 credits
After 3 years 216+ credits 150 – 215 credits Less than 150 credits
After 4 years 288+ credits 240 – 287 credits Less than 240 credits
Less than 360 credits,
After 5 years unless special
circumstances exist
After 6 years N/A

Outcome: 4-year programme (480+ credits)

Period of
Registration Continue Conditional re-
No re-admission
studies admission
Less than 80 N/A
After 1 year 80+ credits
credits
After 2 years 160+ credits 120 – 159 credits Less than 120 credits
After 3 years 240+ credits 200 – 239 credits Less than 200 credits
After 4 years 320+ credits 280 – 319 credits Less than 280 credits
After 5 years 400+ credits 360 – 399 credits Less than 360 credits
Less than 480 credits,
unless special
circumstances exist

Re-admission criteria for part-time students:

Outcome: 3-year programme (360+ credits)

Period of
Registration Continue Conditional re-
No re-admission
studies admission
Less than 50 N/A
After 1 year 50+credits
credits
After 2 year 100+ credits 60 - 99 credits Less than 60 credits
After 3 years 150+ credits 110 – 149 credits Less than 110 credits
After 4 years 200+ credits 160 – 199 credits Less than 160 credits
After 5 years 250+ credits 220 – 249 credits Less than 220 credits
After 6 years 300+ credits 270 – 299 credits Less than 270 credits
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Less than 360 credits,

After 7 years unless special
circumstances exist
Outcome: 4-year programme (480+ credits)
Period of
Registration Continue Conditional re- No re-admission
studies admission
Less than 60 N/A
After 1 year 60+ credits
credits
After 2 year 120+ credits 60 - 119 credits Less than 60 credits
After 3 years 180+ credits 125 - 179 credits Less than 125 credits
After 4 years 240+ credits 190 - 239 credits Less than 190 credits
After 5 years 300+ credits 255 – 299 credits Less than 255 credits
After 6 years 360+ credits 320 – 359 credits Less than 320 credits
After 7 years 420+ credits 385 - 419 credits Less than 385 credits
Less than 480 credits,
After 8 years unless special
circumstances exist

STUDENT EXPECTED BEHAVIOUR

It is mandatory for students to acquaint themselves with the university’s

General Rules that can be found in the General Prospectus of the NMU.

Students are expected to abide by the following NMU values:

• Respect for diversity
• Ubuntu
• Excellence
• Environmental stewardship
• Integrity
• Social justice and equality
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NELSON MANDELA UNIVERSITY VALUES

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LEARNING & TEACHING PHILOSOPHY FACULTY OF

BUSINESS AND ECONOMIC SCIENCES

CARING AND HUMANISING EDUCATION WITH PURPOSE -

To develop purposeful and meaningful educational experiences

through a caring teaching practice, thus producing innovative leaders
as well as students who approach their learning with motivation and
confidence to succeed.

This will be achieved by -

• creating an environment where valuable knowledge can be shared,
• instilling life-long learning in an ethical, collaborative and caring
environment,
• utilising discussion, debate, case studies and group work to unpack
relevant content and develop proficient business skills and competent
professionals,
• encouraging students to be critical and curious, to be accountable with
impeccable, professional work ethic, to take ownership of their own
learning, and
• preparing students to apply what they have learned to their career and
life situations.