School of Accountancy

Management accounting 278

(10812-278)

Module Outline
2023
Last updated: 6 February 2023
Management Accounting 278 | 2023

Contents
1. Introduction ................................................................................................. 4
1.1. The purpose of the module framework .................................................. 4
1.2. Module prerequisites.............................................................................. 4
1.3. Module outcomes .................................................................................. 4
1.4. Language of instruction .......................................................................... 6
1.5. Academic and Career advice .................................................................. 6
2. Adminstration .............................................................................................. 7
2.1. Module Head ......................................................................................... 7
2.2. Lecturer & additional information ............................................................ 7
2.3. Divisional head ....................................................................................... 8
2.4. Groups ................................................................................................... 8
2.5. Lecture times ......................................................................................... 8
2.6. Class free days and timetable changes ................................................... 9
3. Resources.................................................................................................. 10
3.1. Prescribed textbookS ........................................................................... 10
3.2. Class notes........................................................................................... 10
3.3. Suggested additional resources and literature ...................................... 10
4. Learning methodology............................................................................... 10
4.1. Method of instruction ........................................................................... 10
4.2. PARTICIPATION IN MODULE ACTIVITIES .............................................. 11
4.3. Tutorial classes .................................................................................... 11
4.4. SUNLearn ............................................................................................ 11
4.5. CONSULTATION TIMES AND THE USE OF THE SUNLEARN DISCUSSION
FORUM ......................................................................................................... 12
5. Additional assistance ................................................................................. 12
5.1. Individual Learning and Assistance (ILP) programme ............................ 12
5.2. "Hot seat" system................................................................................. 13
5.3. STRUCTURED TUTORIALS ................................................................... 13
5.4. Help from external parties .................................................................... 14
6. Assessment for year modules .................................................................... 14
6.1. Assessment opportunities .................................................................... 14
6.2. Pass requirements................................................................................ 18

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Management Accounting 278 | 2023

6.3. Access to Assessment 3 (A3) ................................................................ 18

6.4. Work covered per assessment opportunity .......................................... 19
6.5. Turnover time/feedback ...................................................................... 19
6.6. Handout of tests and appeal procedure ............................................... 19
6.7. Rules when answering questions in assessments ................................. 20
6.8. Dishonest actions ................................................................................. 21
6.9. Moderation........................................................................................... 21
6.10. Other information in respect of assessments ........................................ 21
7. Extra writing time during assessments ....................................................... 21
8. Professional communication SKILLS .......................................................... 22
9. Copyright ................................................................................................... 22
10. Class representatives ................................................................................. 22
11. Year program (work program) .................................................................... 23

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Management Accounting 278 | 2023

1. INTRODUCTION

1.1. THE PURPOSE OF THE MODULE FRAMEWORK

This module framework contains important information regarding the contents,

assessment, and administration of the module. The module framework is a
document that is regarded as an agreement between a lecturer and student.
It is the student's responsibility to read through the module framework, course
information and relevant sections of the University’s Yearbook/Calendar (Part 1
and Part 10) to ensure that he/she is familiar with the information provided.
Important: It may become necessary during the year to provide clarifications or
make other changes to the original module framework. It is thus imperative that
students remain abreast of any changes by regularly consulting their emails and
the module’s SUNLearn page.

1.2. MODULE PREREQUISITES

Kindly refer to the Yearbook/Calendar (Part 10) for the detailed prerequisites for
Management Accounting 278.

1.3. MODULE OUTCOMES

Financial Management

Aims:
• Develop an understanding for the investment and financing decisions of an
organisation and its activities.
• Develop the ability to make recommendations with the aim of responsible
management of an organisation by effective use of financial sources in line with
the strategic aims of the business enterprise.

Rationale:
Financial management, in the context of strategic management, mainly deals with
investment and financing decisions. A basic knowledge base is required to apply
the concepts of technical and financial management. The purpose of the above-
mentioned aims is to achieve such knowledge. Refer to the information sheets of
the individual topics to verify the learning outcomes of each topic.

Outcomes:
After the successful completion of this module, you will be able to:
• Identify and interpret the appropriate measures of performance, risk and
uncertainty.
• Advise on investment, financing, and dividend decisions.
• Apply the principles of financing when evaluating a business enterprise and
financial assets by making use of appropriate techniques.

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Management Decision making and Control

Aims:
• Cost management: Develop an understanding of the cost concepts and the
application thereof in the design, implementation, and operation of costing
systems.
• Planning and control: Develop the ability to develop applicable performance
measures to measure and evaluate the performance of management and
supply information for management control.
• Decision-making: Develop the ability to identify relevant information and to
provide information for decision making and system design.

Rationale:
The management of a business enterprise requires information for the planning
and control of the operations, as well as for decision making and cost
management. A broad knowledge base is required to be able to apply the
concepts of cost management, planning and control and decision making. The
purpose of the above-mentioned aims is to achieve such knowledge. Refer to the
information sheets of the individual topics to verify the learning outcomes of each
topic.

Outcomes:
After completion of this module, students must be able to:
• Provide information to management of an organisation to determine the
manufacturing costs (product costs) of a unit for decision making purposes, for
stock valuation in terms of IAS2 and cost management purposes.
• Provide information to management of an organisation for planning and control
purposes.
• Provide information to management of an organisation for decision making
purposes by making use of appropriate decision-making techniques.

Risk management

Aims:
Evaluate an entity’s plan for risk management.

Rationale:
Risk management and strategy involves the development and implementation of
strategies that take advantage of identified opportunities while minimising the
damage that risks can do to the achievement of organisational goals. A chartered
accountant must have a sound understanding of both the economic and
competitive environments within which the entity operates. It also involves
monitoring progress with regards to organisational goals and strategy and
includes feedback mechanisms that allow stakeholders to contribute to the
evolution of the strategy. Refer to the information sheets of the individual topics to
verify the learning outcomes of each topic.

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Management Accounting 278 | 2023

Outcomes:
After completion of this module, students must be able to:
• Evaluates an entity’s plans for risk management.
• Understands the entity’s risk management framework and processes.
• Identifies courses of action to help manage risks.

Strategy

Aims:
Develop, evaluate, and manage an entity’s strategy.

Rationale:
Refer to Risk management above. Refer to the information sheets of the individual
topics to verify the learning outcomes of each topic.

Outcomes:
After completion of this module, students must be able to:
• Identify and evaluate an entity’s strategies and make recommendations for
improvement.
• Assess whether management decisions align with the entity’s vision, mission,
values, and mandate.
• Understand and evaluate the external influences on an entity’s strategy.
• Identify and evaluate opportunities and risks stemming from the entity’s
strategy.
• Understand the entity’s IT strategy.

1.4. LANGUAGE OF INSTRUCTION

Management Accounting 278 is presented according to the language option as

indicated in the faculty language plan and the guidelines per section 7.1.3 of the
implementation plan are applicable:
• There are separate lectures in Afrikaans and English.
• Learning opportunities, such as group work, assignments, tutorials and
practicals involving students from both language groups are utilised to
promote integration within programmes.
• Students are supported in Afrikaans and English during a combination of
appropriate, facilitated learning opportunities (e.g. consultations during office
hours or scheduled tutorials and practicals).
1.5. ACADEMIC AND CAREER ADVICE
Please consult your lecturer, module head or programme leader for academic
and/or career advice as they are best positioned to offer guidance on matters
related to module choices and future career trajectories. The Registrar’s division
only deals with matters related to your registration.

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2. ADMINSTRATION

2.1. MODULE HEAD

Name Office E-mail address Telephone Consultation

number hours
Mr O Van 3106 [email protected] 021 808 Refer to the
Schalkwyk 9943 Module’s
Van Der
SUNLearn
Sterr (VDS)
page*

Mr O Van Schalkwyk is the module head of Management Accounting 278. Any

administrative queries regarding this module must be directed to him.

2.2. LECTURER & ADDITIONAL INFORMATION

Name Office E-mail address Telephone Consultation

number hours
VDS
Mr G Ramages 3105 [email protected] 021 808 9945 Refer to the
Module’s
Mrs Y Du Toit 3104 [email protected] 021 808 9944
SUNLearn
Mrs A Knoetze 2068 [email protected] 021 808 2856 page*
* Each lecturer's consultation hours are made available on SUNLearn. In view of
the ongoing health risk posed by face-to-face appointments, some meetings with
lecturers might be done via Microsoft Teams (‘MS Teams’). You are expected to
make an appointment with your lecturer in advance.

Physical address of the school: School of Accountancy. Van der Sterr Building,
Bosman Street, Stellenbosch
Telephone number: (021) 808 3889
Names and contact information of temporary lecturers:
Name Office E-mail address Telephone Consultations
VDS number
Ms A Viljoen 2064 [email protected] 021 808 9122
Note
Ms S Conroy 2064 [email protected] 021 808 9122
Note: Temporary lecturers are available for consultations on an appointment basis only.
Please email the temporary lecturers to schedule such appointments.

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2.3. DIVISIONAL HEAD

Prof S Nel is the Head of the Management Accounting division of the School of
Accountancy. You are welcome to discuss any unresolved problems with him. His
contact details are as follows:
Office: Van der Sterr 3109
E-mail: [email protected]
Tel: (021) 808 3430

2.4. GROUPS

At registration you will automatically be placed into a designated group. This

information is available on MySUN and SUNLearn and is important for your
schedule.

Students must remain in these groups the entire year due to venue size and can
only change groups in highly exceptional cases, with permission from the module
head. If a student, however, has to change groups as a result of a change in
language of instruction, the student must change both his/her language option on
MySun (Administration - Personal details - Language preference) as well as send
an email to the module head.

In Management Accounting 278 there is only one Afrikaans group (A1). To avoid
timetable clashes, the English classes are split into groups according to surnames,
as follow:
Group E2: Surnames A – L
Group E3: Surnames M – Z

2.5. LECTURE TIMES

Lectures will be presented on the following days and times during 2023:
Group A1 (Afrikaans):
Monday 15h00 Van der Sterr 1032
Tuesday 08h00 Van der Sterr 1032
Wednesday 12h00 Van der Sterr 1032
Thursday 12h00 Van der Sterr 1032
Group E2 (English):
Monday 10h00 Van der Sterr 3124
Tuesday 08h00 Van der Sterr 3124
Wednesday 12h00 Van der Sterr 3124
Thursday 14h00 CGW Schumann Annex 1027

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Group E3 (English):
Monday 13h00 Jan Mouton 1020
Tuesday 09h00 Jan Mouton 1020
Wednesday 11h00 Jan Mouton 1020
Thursday 15h00 CGW Schumann Annex 1027
Class attendance is compulsory.
The recording of lectures (or other structured/unstructured teaching and learning
activities) and publication of those recordings are at the discretion of the
presenting lecturer who takes pedagogical and other factors into account in
exercising that discretion. By attending and/or actively engaging in the classes,
you agree that the sessions may be recorded. Lecturers have not given their
consent to recordings of him/her being made by students. Within Management
Accounting 278, recordings of lectures will not be made available to students.
Should you miss a lecture or part thereof, you are welcome to arrange a
consultation with the lecturer once you have worked through the study material
independently.
Students are prohibited from creating and/or distributing unauthorised recordings
of lectures or other teaching and learning activities made by themselves or anyone
else. Please note that authorised recordings generated by lecturers are subject to
strict license conditions and are for students’ personal and private use only.
Students may not distribute and/or make any recordings available to unauthorised
parties within or outside Stellenbosch University. Students who contravene this
policy may be subject to disciplinary and/or legal action.

2.6. CLASS FREE DAYS AND TIMETABLE CHANGES

Class free days

Only with regards to UNDERGRADUATE modules offered by the School of
Accountancy, it is the policy that there will be no classes on days that are the only
day between a public holiday and a weekend day, i.e. Mondays and Fridays. In
2023, class exemption will be granted in respect of modules offered by the School
of Accountancy on the following date:
• Monday 20 March 2023
• Friday 28 April 2023
Only with regards to UNDERGRADUATE B.Acc 2nd and 3rd year subjects
offered by the School of Accountancy, it is the policy of the School of
Accountancy, that there will be no classes on the preceding day of the B.Acc test
weeks in March and September. In 2023, class exemption will be granted in respect
of B.Acc 2nd and 3rd year modules offered by the School of Accounting on the
following dates:
• Friday, 24 March 2023
• Friday, 1 September 2023

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Timetable changes
Please take note of the following timetable change during 2023:
• Friday, 14 April– follow a Monday timetable
• Friday, 29 September– follow a Monday timetable

3. RESOURCES

3.1. PRESCRIBED TEXTBOOKS

• Drury (2021): Management and Cost Accounting. Eleventh Edition. London: South
Western Cengage Learning.

• Correia, Flynn, Uliana, Wormald (2019): Financial Management. Ninth Edition.

Cape Town: Juta.

3.2. CLASS NOTES

Learning materials, as determined by the respective lecturer, (excluding the

prescribed textbooks) will be made available on the module’s SUNLearn page. For
face-to-face lectures, the class notes can be printed before the commencement
of each topic and brought to class. Class notes do not represent complete
summaries of the prescribed work. It is only an aid to guide students and is
incomplete due to the cryptic nature thereof. To successfully master the
prescribed course content, students need to make their own notes to supplement
the class notes provided.
Students are encouraged to keep their undergraduate notes for Honours, since
the work follows on each other, and reference will be made to previous years’
notes.

3.3. SUGGESTED ADDITIONAL RESOURCES AND LITERATURE

During the year, news articles and videos will be uploaded as ‘newsflashes’ onto
SUNLearn. The purpose of these newsflashes is to encourage students to think
about the practical application of their Management Accounting knowledge.
Please note: while the detailed content of the news articles and videos is not
examinable, reading/watching these newsflashes will be beneficial in developing
critical thinking needed for Management Accounting assessments.

4. LEARNING METHODOLOGY

4.1. METHOD OF INSTRUCTION

All lectures, tutorials and ILP classes will be presented live in the allocated venues
in a face-to-face format. Principles of adult learning, with an emphasis on blended
learning, will be applied. Methods of instruction include theoretical inputs, class
discussions and practical exercises. You are invited to participate interactively in
this module and ask questions in class whenever anything is unclear.

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Please note that practical examples and news events may regularly be discussed
in the class that may not appear in the class notes. Please regard these class
discussions as an opportunity to expand your understanding and level of
knowledge; and feel free to participate in them. These discussions will form part
of the prescribed material and are thus examinable.
Certain sections of the prescribed material may be regarded as self-study and will
be indicated to you as such. Although this work will not be discussed in detail in
class, it remains an important part of the prescribed material and is thus
examinable.
Management Accounting is an integrated subject, and you must take the
integration with other subjects into account when answering your questions. Think
logically, practically and wider than the textbook when you answer assessment
questions or participate in class discussions. Take aspects such as the business
environment, economy, taxation, accounting, information systems, legal
principles, et cetera into account where applicable.

4.2. PARTICIPATION IN MODULE ACTIVITIES

Stellenbosch University is a contact university that provides teaching through

face-to-face contact time complemented by an online learning management
system (SUNLearn). To ensure that you master the learning outcomes of this
module, there is an expectation that you keep up with the learning activities and
actively participate in both the online and face-to-face components of the module.

4.3. TUTORIAL CLASSES

Tutorial classes are presented during the year on areas of work which are being
lectured at that stage during formal lectures. There are no fixed days for tutorials.
These classes are typically scheduled at the end of an area of work but is not a
given. Attendance of tutorials is compulsory and may be monitored and placed on
record.
The aim with the tutorials is to afford candidates the opportunity to consolidate
their knowledge and grasp of the topics, and to apply this knowledge in context
using a specific question. The tutorials will mostly be presented in an interactive
way to guide candidates through difficult concepts and the application thereof.
For tutorial classes, students are expected to have their textbooks and notes with
them, as the emphasis will be placed on the application of knowledge and
comprehension. It will be the student’s responsibility to work along with the
lecturer, ask questions and answer questions during these sessions.

4.4. SUNLEARN

SUNLearn is an integral part of this module and should be consulted regularly for
resources, communication (including marks) and learning activities. Please visit the
SUNLearn page and check your e-mails at least once a day.

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4.5. CONSULTATION TIMES AND THE USE OF THE SUNLEARN DISCUSSION

FORUM

Each lecturer’s consultation hours are made available in the “lecturer & additional
information” section of this module framework. You are expected to make an
appointment with lecturers in advance.
The Discussion Forum function on SUNLearn should be used for all queries
relating to the course content of the module. The discussion forum enables peer-
to-peer learning and students are encouraged to answer each other’s questions.
Peer learning and individual student engagement are incredibly important in any
learning environment. For this reason, posts should not be addressed to the
lecturers. It is not necessary to start and sign-off the posts with formal greetings
as you would an email. If your query consists of multiple questions, please number
your questions. Questions posted on the Discussion Forum will be answered in the
language in which it was raised.
All queries not relating to the course content can be emailed to the lecturer. If a
query about course content is of such a nature that it is difficult to ask and / or
answer by means of the Discussion Forum, you are welcome to make an
appointment with the lecturer.
E-mails to lecturers and queries on the Discussion Forum will be answered during
office hours within a reasonable time, taking lecturers’ other responsibilities into
account.
Please note that the SUNLearn Discussion Forum is a public platform.
The Discussion Forum must therefore be always used only in a professional
manner. Assess the content and tone of the message similarly to how you would
assess that of a notification that you would want to place on a notice board on
campus (for which you would need the Student Representative Council stamp).
No personal messages to or regarding any student, lecturer or any other person
may be placed on the forum.
In the light of this the School of Accountancy reserves the right to:
• Remove any improper messages posted by students on the forum.
• Refuse the use of the forum to students who post improper messages.
• Take disciplinary steps against these students.
• In extreme cases, deny access to the forum for a specific module or program.

5. ADDITIONAL ASSISTANCE

5.1. INDIVIDUAL LEARNING AND ASSISTANCE (ILP) PROGRAMME

The primary objective of the ILP program is to help students to pass the module.
The program consists of one additional lecture per week for each of the
professional subjects. More information on the program for 2023 will be given
during the first week of class.

ILP class times for Management Accounting 278 are as follows:

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Afrikaans Monday 12h00 Van der Sterr 1031

English Tuesday 10h00 Van der Sterr 3124
Please note: the ILP times and venues are subject to change. Any changes will be
announced during class and/or on SUNLearn.

5.2. "HOT SEAT" SYSTEM

The "hot seat" system attempts to provide additional help to all students, but is
specifically for students that take more time than can usually be expected from an
appointment with the lecturer. The assistance from the "hot seat" is aimed on the
following problems of students:

• explanation and application of important principles underlying to the topic.

• mastering of assessment technique.

The focus of the "hot seat" is to assist students to master the principles of the work,
rather than to explain the detail or to replace class attendance. It is not the purpose
of the "hot seat" to replace lecturers’ consulting hours, but rather to encourage
students to ask questions and to discuss and understand the principles. The
lecturer is responsible for:

• answering detail questions with regards to technical aspects of the topic, class
examples/questions, etc.
• any administrative arrangements for the module.

The temporary staff members are available for 5 to 6 hours per week during the
times indicated on the module’s SUNLearn page.

The temporary lecturers are available on appointment only.

Name Office E-mail address Telephone
number
Ms Sarah Van der Sterr 2064 [email protected] 021 808 9122
Conroy
Ms Anneke Van der Sterr 2064 [email protected] 021 808 9122
Viljoen
Students are advised to inform the temporary lecturers of their questions or
“struggle areas” before the commencement of the session. If the student's query
relates to a question specifically dealt with in class, it is requested that the question
be sent to the temporary lecturer beforehand for preparation. This ensures that
there is no valuable time wasted during the online consultation.

5.3. STRUCTURED TUTORIALS

The primary objective of structured tutorials is to encourage students to develop

a habit of continuous study throughout the term, to seek assistance when they
experience difficulties, and to practice their examination technique. Structured

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tutorials are presented by temporary lecturers with guidance from module

coordinators.
Structured tutorials are 60 minutes long. During a structured tutorial, students
attempt a specific allocated question within the time limit of the question. This
question will be answered under test conditions, with no notes and only standards
and acts which are allowed in tests available for reference.
After the allocated time, the temporary lecturers will help the students mark their
attempts and discuss the question while demonstrating the appropriate exam
technique. Classes will take place in the form of face-to-face sessions. Attendance
of the structured tutorials may become compulsory based on your performance
in the module.
The structured tutorial scheduling is available on SUNLearn.

5.4. HELP FROM EXTERNAL PARTIES

The School of Accountancy is aware that outside parties and senior students
provide independent extra classes, question papers of previous years and other
assistance to students at additional costs. Students can make use of this
assistance at own risk, but the School of Accountancy accepts no responsibility
whatsoever for this and recommends that students should rather make use of the
additional help offered by the lecturers of the School of Accountancy and other
SU initiatives.

6. ASSESSMENT FOR YEAR MODULES

The Faculty’s Assessment Rules are available online at www.sun.ac.za/ems, under

the ‘current students’ tab. Please watch the information video on your module’s
SUNLearn page and make sure you read the section on Assessment in the module
framework carefully.
The faculty’s approach to assessment places the responsibility of learning with the
student. Therefore, you must make use of all available assessment opportunities
as far as possible and ensure you understand how assessment in the module
works.

6.1. ASSESSMENT OPPORTUNITIES

Main assessment 1 opportunities are summative assessment opportunities that

are usually formally scheduled, require preparation to complete and contribute to
a student's final mark.
In this module, A1S1, A2S1, A1S2, A2S2 and A3 are main assessments.
Assessments Further (AF) 2 opportunities are further summative assessment
opportunities that are internally scheduled, require preparation to complete and
contribute to a student's final mark.
Formative Assessments Further (FAF) 3 opportunities are formative assessment
opportunities where marks do not contribute to the calculation of the final mark
but are vital in providing feedback to students and lecturers on the progress made
with learning and teaching in a module at a given time.

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Assessment 1 Semester 1 (A1S1)

Main Assessment
29 March 2023
12.5 %
Assessment 2 Semester 1 (A2S1)
Main Assessment
6 June 2023
20 %
Assessment 1 Semester 2 (A1S2)
Main Assessment
8 September 2023
20 %
Assessment Further (AF)
Semester 1:
NA

Semester 2:
Further Summative Assessment (Group Project)
4 August 2023
7.5 %
Assessment 2 Semester 2 (A2S2)
Main Assessment
4 November 2023
40 %
Assessment 3 (A3)
Main Assessment
28 November 2023
40 %
It is the student’s responsibility to confirm the date and time of each main
assessment opportunity on the official University’s system (MySUN). The dates of
AFS2 will also be communicated on SUNLearn.

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Management Accounting 278 | 2023

1
Main Assessment Summative
A1S1, A2S1, A1S2, A2S2 and A3 will take the form of tests written under formal test
conditions. The duration of each test is 3 hours and each test will consist of 100
marks.
A closed book assessment policy applies in Management Accounting 278. This
means that you are not allowed to take any textbooks or notes into the assessment
venue with you. No textbooks or notes may be used when writing the assessment.
5 minutes of reading time is given after the papers have been handed out, prior to
the commencement of writing time. During this time students are not allowed to
write or highlight on the paper. The reading time will commence at the official
starting time of the assessment, for example at 14:00.
2
Assessments Further
FASS2 will take the form of a group project. The group project is designed to
assess the integration of your knowledge gained in this course and your
application thereof in a simulated business context. The group project will be
completed in the second/third. Further details will be provided during the second
term. If a student does not complete FASS2 due to medical or any other reasons,
a mark of zero will be awarded.
3
Further Assessment Formative
As Management Accounting is not a theoretical subject, but rather an application
subject, there will be Further Assessment Formative opportunities during the year
that will be completed in or before class. These assessment opportunities assist
students to stay up to date with the work and assess their own performance and
degree of understanding of the subject matter.

These formative assessment opportunities have proved to be a critical part of

gaining an understanding of Management Accounting and addressing exam
technique challenges early enough to enable students to take corrective
measures before summative assessments are undertaken. These challenges
include communicating concepts clearly, time management and how to approach
a question. Formative Assessments do not contribute to your final mark; however,
they are a critical part of any student's learning process.

These formative assessments will take the form of prepared questions, clickers,
SUNLearn quizzes, class discussions and other assessment tools to enable
students to master the content and achieve the learning outcomes of the module.
Religious and cultural days: In addition to public holidays, during which the
University will be closed for business, no assessments will be scheduled on
specific religious and cultural days that are noted in the SU Almanac. If any main
assessment is scheduled on a religious or cultural day not included in the almanac,
it is the student's responsibility to request special arrangements. The following
apply:
• For A2S1, A2S2 and A3 the Assessment Office will make the necessary
arrangements where possible. Visit the Examinations Office in Admin A in
the course of the last two class weeks of the semester.

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• For A1S1 and A1S2 the school will make the necessary arrangements if it is
feasible in accordance with the arrangements usually made by the
Assessment Office for A2S1, A2S2 and A3. If a student wants to request
special arrangements, they must contact the lecturer at least two weeks
before each assessment opportunity.
Clashes with assessments in other modules
Students are not allowed to register for courses for which assessments times
clash. Should you have an assessment clash with another course, you must make
alternative arrangements.
In the case of any of the main assessments clashing with another assessment, that
is, the two assessments are scheduled on the same day at the same time, please
inform the module head via email within the first week of classes (13 – 17
February 2023). The following rules will be applied in such an event:
• Main assessments have priority over class assessments.
• Third year subjects have priority over first and second year subjects.
Note that the module head is under no obligation to make an alternative
arrangement for you.
Clashes that occur regarding A2S2 and A3 are administered by the examination
office who need to be consulted in this regard.
Calculation of final mark
The calculation of your final mark (FM) is based on a weighted formula. The
formulas used to calculate your progress throughout the semester and the marks
will be made available on SUNStudent. The formulas are as follows:
MY (mid-year) marks are calculated after A2S1:
MY = (WA1S1/Wsum) A1S1 + (WA2S1/Wsum) A2S1,
where Wsum is the sum of the W-factors for the assessments you wrote.
MY is assigned only if you wrote at least one of A1S1 and A2S1.
MTD (mark to date) before A2S2:
MTD = (WA1S1/WMTD) A1S1 + (WA2S1/WMTD) A2S1 + (WAFS2/WMTD) AFS2 +
(WA1S2/WMTD) A1S2,
where WMTD is the sum of the W-factors for the assessments you wrote.

FM1 after A2S2:

FM1 = (WMTD/Wsum) MTD + (WA2S2/Wsum) A2S2,
where Wsum = WMTD + WA2S2.

FM1 is assigned only if you wrote at least two of the following three assessments,
namely A1S1, A2S1, A1S2, in addition to having written A2S2.

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FM2 after A3:

FM2 = (WMTD/Wsum) MTD + (WA2S2/Wsum) A2S2 + (WA3/Wsum) A3,
where Wsum = WMTD + WA2S2 + WA3 if you wrote A2S2 and A3,
or Wsum = WMTD + WA3 if you wrote A3 and not A2S2.

FM2 is assigned only if you wrote at least two of the following three assessments,
namely A1S1, A2S1, A1S2, in addition to having written at least one of A2S2 or A3.

When calculating the MY mark, MTD or a FM using the formulas please note the
following:
• Wsum is the total weight of all the assessment opportunities you
completed. Even if you missed main assessment opportunities. The total
weight will at least be 1.
• For all missed main assessment opportunities. (A1S1, A2S1, A1S2, A2S2 and
A3, the weight of the relevant assessment will be reduced to zero in the
mark calculation formula (however wsum will never be less than 1).
• Your FM for the module is the highest of FM1 or FM2.
6.2. PASS REQUIREMENTS
Firstly, a valid FM of at least 50 is required to pass the module. To obtain a valid
final mark you must:
• Complete at least one of A2S2 or A3
• Complete at least three main assessment opportunities
If you do not obtain a valid final mark, you will fail the module.
6.3. ACCESS TO ASSESSMENT 3 (A3)
Note that it is not necessary to submit medical certificates or any other documents
for missed assessment opportunities.
You have access to A3 if either of the following applies:
• If you completed all the main assessment opportunities other than A3 (A1S1,
A2S1, A1S2, A2S2, but have not obtained a FM of 50 or more, you have
access to A3 in order to improve your FM to 50.
• You missed one or two main assessment opportunities (A1S1, A2S1, A1S2,
A2S2) for whatever reason. In this case, a FM of 50 or more can still be
obtained if you make use of A3.
No further assessment opportunities will take place after A3.
If you passed the module after A2S2 and you have access to A3 (because you
missed a main assessment) you must inform the Registrar’s Office through the
relevant procedure on SUNStudent of your intention to use the A3 assessment
opportunity. This notification must be submitted by no later than 48 hours after the
final marks after A2S2 have been released.

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Take note: If you are a final-year student and make use of A3, graduation will only
be possible in March/April of the next academic year.

6.4. WORK COVERED PER ASSESSMENT OPPORTUNITY

The prescribed work covered per assessment opportunity is as follows:

• Assessment 1 Semester 1: All work covered in the first term.

• Assessment 2 Semester 1: All work covered in the second term.
• Assessment 1 Semester 2: All work covered in the third term.
• Assessment 2 Semester 2: The entire syllabus is examinable.
• Assessment 3: The entire syllabus is examinable.
• AFS2: Will be announced in class during the first week of the second term.

The structure, composition and content of assessments are confidential. No

lecturer will discuss with or make available to students any information in this
regard.

6.5. TURNOVER TIME/FEEDBACK

Due to the nature of the subject and the large number of students, we retain the
right to a window period of at least 4 weekends after the date of the assessment
to complete the marking process. This is to ensure that all assessment books are
completely and accurately marked and to maintain an adequate quality of
marking.
6.6. HANDOUT OF TESTS AND APPEAL PROCEDURE
Handout of answer scripts
Details of handout sessions will be communicated through SUNLearn and will be
in line with Stellenbosch University, EMS Faculty and the School of Accountancy’s
guidelines.
A2S2 and A3 scripts are not distributed to students. Opportunities for the
discussion of A2S2 and A3 scripts will be arranged in accordance with the rules set
out in the Stellenbosch University Yearbook/Calendar (General information and
rules Part 1) for 2023.
Remark queries
A complete solution/mark scheme will be made available to students on
SUNLearn. Remark queries relating to A1S1, A2S1 and A1S2 must be completed on
the prescribed remark query form (available on SUNLearn), placed inside the
answer script. The deadline for remark queries and where it must be handed in will
be communicated on SUNLearn.
Remark queries relating to an AF must be sent via e-mail to the module head
within one week from the date that the AF marks were made available.
No remark queries will be accepted after the prescribed deadlines.
Please take note of the following risks when handing in remark queries:

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• Questions in relation to which remark queries were submitted, may be

remarked in full. This may result in marks that were previously incorrectly
allocated, being subtracted.
• A number of answer scripts are randomly selected and copied before they
are made available to students. These copies are then compared with
remark queries in order to identify any dishonest amendments to answers.
In accordance with the Stellenbosch University Yearbook (Calendar) Part 1
(General information and rules) for 2023, no applications for re-evaluation
(remark) of A2S2 or A3 scripts may be submitted.

6.7. RULES WHEN ANSWERING QUESTIONS IN ASSESSMENTS

Ink
Students are allowed to write in indelible black or blue ink only. Answer scripts
or parts thereof that have been completed in pencil will not be marked. Refer to
'Rules for student conduct at assessments' under the chapter on University
assessments in the Yearbook/Calendar (Part 1).
Calculators
The calculator policy, as set out in the examination rules of SAICA, is applicable to
this module:
“Candidates may only use silent, electronic, battery-driven pocket calculators
subject to the following conditions:
• Calculators must be cordless, and may not have print-out facilities;
• Calculators that have a full set of alpha characters / keys are prohibited (i.e. NO
programmable calculators are allowed);
• Any financial calculator (that does not have a full set of alpha characters / keys)
will be allowed as the following tables will not be provided in any of the SAICA
Qualifying Examinations from January 2011:
o Tables of present value factors for various discount rates for varying periods;
and
o Tables of future value factors for various interest rates for varying periods;
• The calculator function on mobile telephones or any electronic device
(i.e laptops) may not be used; and
• Candidates may not share a calculator with another candidate in the
examination room.”
The Economic and Management Sciences Faculty recommends the use of the
Hewlett Packard 10BII. Other acceptable models exist, but students should be
aware of the fact that the lecturing in this module is specifically focussed on the
HP 10BII. Contact your lecturers responsible for the module if you are uncertain
regarding the acceptability of a specific calculator.
This module does not provide tables for time value of money calculations during
assessments. Students who are uncertain about the calculator functions are

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advised to revise their Theory of Interest course material and make use of their
calculator manual.
Use of abbreviations
In accordance with the examination rules of SAICA, ONLY official linguistic
abbreviations may be used and numbers or amounts MUST be written out in full
(e.g. R2 000 000 or R2 million and NOT R2 000’), whether it be in numbers or in
words.

6.8. DISHONEST ACTIONS

Any dishonest actions of a student related to assessments may result in

disciplinary action by the University against the student. This also applies to
dishonest actions related to online assessments, such as SUNLearn assessments
("quizzes"), where a student who has answered the assessment and has received
online feedback on it (i.e. the correct answer), copies the feedback and distributes
it to other students who still have to attempt the assessment. This also extends to
the remark process.

6.9. MODERATION

Moderation is the process during which the reliability, correctness and validity of
the A2S2 and A3 as well as the marking process and the results of a module is
reviewed and validated.
The moderators for Management Accounting 278 for 2023 are as follows:
Internal moderators
• Ms S. Kieviet CA(SA): Management Decision-making and Control
• Ms M. Vermeulen CA(SA): Financial Management, Risk Management and
Strategy

6.10. OTHER INFORMATION IN RESPECT OF ASSESSMENTS

The assessment rules as set out in the University Yearbook, the assessment book
folder and on the assessment will be applicable to all assessments.
Any student present in the main assessment venue and who received an
assessment paper, will be awarded a mark for the assessment.

7. EXTRA WRITING TIME DURING ASSESSMENTS

The University’s management occasionally allows a student, as a result of medical

reasons, to obtain additional writing time during assessments. These candidates
must apply at the Administration Department and, if approved, an official letter will
be issued from the University stating any such allowances.

A1S1, A2S1 and A1S2

A copy of the afore-mentioned letter must be handed in to the assessment
invigilator on the day of each assessment (to which the letter applies) upon

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entering the assessment venue. A student must be able to produce such a letter
in the event of any online assessments should it be required.
A2S2 and A3
Should additional time be required for these assessments, arrangements have to
be made with the Exam Office directly.

8. PROFESSIONAL COMMUNICATION SKILLS

Professional communication skills are an important characteristic of any

accountant and businessperson in general. SAICA also specifically emphasises
communication skills, including the assessment thereof. In the light of this the
School of Accountancy requires professional communication by students at all
times.
Students who communicate with staff of the School in an unprofessional manner
(verbally, by e-mail or in SUNLearn) will be informed accordingly. If you require
assistance in improving your communication style, you can contact any of your
lecturers or the Language Centre of the University.

9. COPYRIGHT

Stellenbosch University holds the copyright to all material in this module. Material
which is made available through SUNLearn may be subject to certain licencing
conditions. You may only use the material for your own private study and research
at the University and not for any other purpose. Printed material is also only made
available for class discussion, private study and research purposes. Further
reproduction or distribution of such material is prohibited. Contravention of these
rules will result in disciplinary action and may result in legal action.
In addition to electronic and written study material provided, the verbal
presentations delivered by lecturers fall under the copyright of the University of
Stellenbosch. Therefore, students may not video-record or voice-record a lecturer
(using any electronic device) during class or in consultation. Students may also not
take photographs of materials presented in class. Contravention of these rules will
result in disciplinary action and may result in legal action.

10. CLASS REPRESENTATIVES

A system of class representatives serve as the communication channel between

students and the School of Accountancy. Representatives will be chosen at the
beginning of the year by the students to represent the group.

Students are requested to discuss all problems with the lecturer in person or to
bring it to the attention of the class representative. The class representatives have
the responsibility to communicate all problems relating to the course on behalf of
the group to either the lecturer or the independent lecturer. Mr MT Mey is the
independent lecturer and his details are as follows:
Office: Van der Sterr 3033
E-mail: [email protected]

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Tel: (021) 808 9078

11. YEAR PROGRAM (WORK PROGRAM)

Financial Management and Management Decision-making & Control are lectured

in blocks during the academic year. Assessments will be divided between
Financial Management and Management Decision-making & Control.
Please refer to the preliminary year program on SUNLearn to verify when areas of
work are being lectured. Please note that the year program may be subject to
change. Any changes will be announced in class and/or on SUNLearn.

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