Main Learning Outcomes

• Demonstrate the use of various listening and note-taking strategies.
• Demonstrate an understanding of group dynamics.
• Demonstrate an understanding of analytical and critical thinking.
• Apply critical and analytical reading skills in textbooks, journal articles, newspapers, and magazines.
• Write well-constructed written assignments and academic essays using references and quotations appropriately.
• Summarise main and supporting ideas in written texts.
• Write well-constructed reports and proposals.
• Effectively utilize IT-based productivity tools to organize and manage information.

Main Content

• Listening and note-taking skills
• Group dynamics skills
• Critical thinking skills
• Reading and writing skills
• Referencing and quotation skills
• Digital information literacy skills

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 1 per week
• Practicals: 0 per week

Main Learning Outcomes

• Recognize the importance of statistics in both private and public sectors.
• Summarize data into summary measures (e.g. mean and standard deviation).
• Do simple statistical analysis.
• Use a computer to analyze data.

Main Content

• Descriptive statistics
• Simple linear regression analysis
• Probability
• Sampling distributions
• Inferential Statistics
• Index numbers
• Time Series
• Anova
• Chi-square

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 1 per week
• Practicals: 0 per week

Main Learning Outcomes

• Demonstrate an understanding of how the various sectors of the economy interrelate using basic macroeconomic tools and theories.

Main Content

• The macroeconomic problem
• Circular flow of income
• National income accounting
• Basic aggregate demand and supply model
• Unemployment
• Money and banking
• Interest rates
• Inflation
• Exchange rates and the Balance of Payments accounts
• Fiscal and monetary policy

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 1 per week
• Practicals: 0 per week

Main Learning Outcomes

• Define and apply the accounting concepts relating to the elements of the accounting equation.
• Record transactions using the double entry system.
• Distinguish between cash and accrual accounting.
• Apply accrual accounting and other adjustments to the pre-adjustment trial balance.
• Distinguish between two methods of recording inventory and be able to apply both.
• Prepare various control accounts and their reconciliation.
• Prepare the financial statements of a service and trading business.
• Analyse and do a basic interpretation of the financial statements of a sole proprietor.

Main Content

• Accounting as information system
• Data processing and double-entry bookkeeping
• Accounting for Value Added Tax.
• Operation of cash controls
• Bank reconciliation procedures
• Preparation of the financial statements (excluding statement of cash flows) of a sole trader
• Elementary analysis and interpretation of the financial statements of a sole trader

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 1 per week
• Practicals: 0 per week

Main Learning Outcomes

• Apply the conceptual framework to the preparation of financial statements of different entities.
• Prepare the statement of cash flows on either the direct or indirect method.
• Apply the statement of cash flows in the analysis of performance and financial position of an entity.
• Analyse and interpret financial statements.

Main Content

• Record transactions manually in subsidiary journals and ledgers and do relevant controls
• Recognition, measurement and classification of elements of the financial statements
• Financial Statements (Including statement of cash flows) of close corporations, companies, and non-profit organisations
• Analysis and Interpretation of financial statements

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 1 per week
• Practicals: 0 per week

Main Learning Outcomes

• Mathematical and computational skills useful in the Economics and Management environment.
• Skills to read mathematical text in Economics.
• Skills to write mathematical text in Economics.
• Skills to interpret correctly literature pertaining to Managerial Sciences that require knowledge of mathematics.

Main Content

• Mathematics of Finance: Simple & Compound interest, Depreciation, Sinking funds
• Introduction to Differential Calculus: limits, graphs, rules of differentiation
• Applications of Differentiation: maxima/minima, commercial optimization applications
• Introduction to Integral Calculus: definite/indefinite integral, consumers' and suppliers' surplus

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 1 per week
• Practicals: 0 per week

Main Learning Outcomes

• Explain the broader context within which businesses operate in South Africa.
• Identify and illustrate the different types, processes and functional areas of businesses in South Africa.
• Explain and interpret the factors that influence business functions in both internal and external environments.
• Describe and elaborate on the broader context of business success and management principles.
• Apply business research methods, management decision-making and problem-solving techniques.
• Develop raised awareness of technology in business operations (4IR).
• Articulate module content orally and conduct research.
• Plan and work effectively with others in teams.

Main Content

• Overview of the business enterprise as a system
• Historical development of the field of Management
• External and internal business environment
• Entrepreneurship & establishing a business
• Managing functional areas: marketing, HRM, operations, finance
• Functions of management: planning, organising, leading, controlling
• Corporate Social Responsibility

Weekly Commitment

• Lectures: 4 per week
• Tutorials: 1 per week
• Practicals: 0 per week

Main Learning Outcomes

• An understanding of the basic structure of our legal system.
• An understanding and application of the general principles of contract.
• An understanding and application of the consequences and remedies for breach of contract.
• Be familiar with the rights and duties of parties to common commercial contracts.
• Be aware of basic concepts of property and security law.

Main Content

• Introduction to the SA legal system
• General requirements for a valid contract
• Breach of contract and its remedies
• Specific commercial contracts
• Cession, property law, and security law

Weekly Commitment

• Lectures: 4 per week
• Tutorials: 0 per week
• Practicals: 0 per week

Main Learning Outcomes

• Solve problems with Commercial applications involving ratios, rates, and simple proportion.
• Discounts and markdowns, breakeven analysis.
• Time value of money.
• Straight-line and parabolic graphs with reference to revenue/cost/profit and supply/demand.
• Exponential and logarithmic curves.
• Draw and interpret statistical charts and calculate mean, median, and mode.

Main Content

• Ratio and proportions, rates, approximations
• Pricing a product, profits, breakeven analysis
• Simple interest, compound interest, annuities
• Straight line graphs and parabolas with link to finance and economics
• Exponential and logarithmic equations and graphs
• Descriptive statistics and measures of central tendency

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 1 per week
• Practicals: 0 per week

Main Learning Outcomes

• Explain basic theory relating to the role of the internal auditing function.
• Explain types of internal audit.
• Explain the IIA standards and apply them to scenario-type questions.
• Explain the performance objectives of organisations.
• Explain concepts relating to risk assessment, and perform basic risk assessments.
• Explain control frameworks, with emphasis on control techniques.
• Explain how audit evidence can be collected and assessed.
• Explain the flow of the internal audit process.

Main Content

• The emerging role of internal auditing
• Types of internal audit
• The IIA standards for the professional practice of internal auditing
• The performance objectives of organisations
• Risk assessment
• Control frameworks
• Audit evidence
• The internal audit process and documentation

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 1 per week
• Practicals: 0 per week

Main Learning Outcomes

• Explain the flow of the internal audit process.
• Explain basic theory relating to control and performance evaluation.
• Explain basic theory relating to audit engagement tools, statistics and sampling.
• Explain the steps to be followed during the planning phase of the internal audit engagement.
• Explain the steps to be followed when drafting an audit report, including follow-ups.
• Apply the above theory to scenario-type questions.
• Explain sound corporate governance practices.
• Explain the interaction between accounting, internal audit, and external auditors.
• Explain duties regarding regulatory and legal compliance.

Main Content

• The internal audit process and documentation
• Control and performance evaluation
• Audit engagement tools, statistics and sampling
• Engagement planning
• Audit reporting and follow-up
• Corporate governance
• The internal audit function and financial accounting/finance
• The legal and regulatory compliance environment
• Auditing in a computerised environment (General & Application controls, CAATS)

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 0 per week
• Practicals: 0 per week

Main Learning Outcomes

• Explain the purpose of this module and the ethics teaching arguments.
• Explain arguments for and against ethics in the business environment.
• Explain core elements of value systems (African, Judaism & Christianity, Islam).
• Explain ethical absolutism and relativism, and criticise extreme relativism.
• Explain and apply Virtue ethics, Rule morality (Kant), and Utilitarianism (Bentham, Mill).
• Explain a process for ethical decision-making.
• Explain Adam Smith's free market arguments and Marx's critique.
• Explain economic justice, corporate social responsibility, and corporate governance.
• Explain ethics management steps and problems.
• Explain three theories about the nature of the organisation.

Main Content

• Some value systems
• Some important ethical theories
• The free market system and the Marxist critique
• The moral obligations of the corporation & CSR
• Corporate governance
• Ethics management
• Theories about the nature of the organization

Weekly Commitment

• Lectures: 2 per week
• Tutorials: 0 per week
• Practicals: 0 per week

Main Learning Outcomes

• Fundamental rules, principles and concepts of South African Company Law.
• Procedure and requirements for the formation of companies/close corporations.
• Management and administration of companies, meetings, and auditor functions.

Main Content

• Company law and close corporation regulations
• Capita selecta from advanced company law

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 4 per week
• Practicals: 0 per week

Main Learning Outcomes

• Prepare and present company annual financial statements and disclosure notes.
• Calculate changes in accounting policies, estimates and prior period errors.
• Prepare basic business combinations.
• Undertake financial analysis and interpretation of financial statements.
• Assess business and financial risk.

Main Content

• IFRS recognition, measurement and disclosure (EPS, cash flows, errors, policies)
• Financial structure and financial instruments
• Financial analysis and decision making
• Basic business combinations and borrowing costs
• Risk reporting and management statement reports

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 1 per week
• Practicals: 0.5 per week

Main Learning Outcomes

• Explain concepts and cost accumulation systems for product costing or services.
• Prepare cost statements (job order, process, joint/by-product, activity-based costing).
• Analyse and interpret Cost-Volume-Profit relationships.
• Prepare statements of comprehensive income under variable and absorption costing.
• Discuss budget development process, compile budgets, and apply decision-making techniques.

Main Content

• Functions of management accounting and its relation to financial accounting
• Cost concepts, classifications, and nature of costs
• Cost elements: materials, labour and overheads
• Cost accumulation: job, process, activity-based costing
• Direct and absorption costing
• Cost-volume-profit analysis
• Budget development and basic decision making

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 1 per week
• Practicals: 0 per week

Main Learning Outcomes

• Understand principles and rules regulating Law of Insolvency and Negotiable Instruments.
• Understand how these principles operate in practice.

Main Content

• The Law of Insolvency (surrender, sequestration, insolvent estate, rehabilitation)
• The Law of Negotiable Instruments (cheque law, electronic payments & transactions)

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 0 per week
• Practicals: 0 per week

Main Learning Outcomes

• Define and identify the components of the taxable income framework.
• Identify information required to calculate individual taxable income and complete returns.
• Identify and use relevant information to complete a VAT return.

Main Content

• Gross Income: definition and inclusions
• General deductions: definitions, fringe benefits, CGT basic principles
• Basic principles of VAT

Weekly Commitment

• Lectures: 2 per week
• Tutorials: 1 per week
• Practicals: 0 per week

Main Learning Outcomes

• Apply costing concepts in the design, implementation and operation of costing systems.
• Apply appropriate indicators to measure and evaluate management performance.

Main Content

• Joint and by-product costing
• Cost volume profit analysis
• Relevant cost and decision making
• Activity-based costing & Zero based budgeting
• Standard costing, divisional performance, and transfer pricing

Weekly Commitment

• Lectures: 3 per week
• Tutorials: 1 per week
• Practicals: 0 per week