Study

Guide

Department of Financial Management

Financial management

FBS 122

© 2024 University of Pretoria

Department of Financial Management

The ssociation to dvance ollegiate chools of usiness

(AACSB)

Since 2018, the University of Pretoria’s Faculty of Economic and Management Sciences has been a
member of AACSB International—The Association to Advance Collegiate Schools of Business:
aacsb.edu/about.

AACSB International is a global association of leaders in education and business dedicated to

supporting and advancing quality business education worldwide. Through membership, accreditation,
research, thought leadership, professional development, and advocacy, AACSB partners with over
1,500 organizations, from more than 90 countries globally. Membership or participation in the Global
Education Alliance does not imply accreditation.

© 2024 University of Pretoria FBS 122 12

Department of Financial Management

Table of Contents
1 Module calendar: Important dates and overview 4
2 Introduction
Error! Bookmark not defined.
2.1 Welcome ............................................................................. Error! Bookmark not defined.
2.2 Educational approach .......................................................... Error! Bookmark not defined.
2.3 Learning in the discipline ..................................................... Error! Bookmark not defined.
3 Administrative information 7
3.1 Contact details............................................................................................................... 7
3.2 Timetable ...................................................................................................................... 8
3.3 Study material and purchases ........................................................................................ 8
3.4 Programme/Departmental/Module rules, requirements and guidelines ......................... 8
3.5 Grievances and escalation process to be followed .......................................................... 8
3.6 Communication with students ............................................. Error! Bookmark not defined.
4 Module information
10
4.1 Purpose of the module................................................................................................. 11
4.2 Articulation with other modules in the programme ...................................................... 11
4.3 Learning presumed to be in place ................................................................................. 11
4.4 Overall competencies and module outcomes ............................................................... 11
4.5 Module structure ......................................................................................................... 11
4.6 Teaching/Learning/Assessment path per unit ................................................................. 2
4.7 Credit map and notional hours ....................................................................................... 2
4.8 Units ............................................................................................................................. 3
4.9 Assessment ................................................................................................................... 7
4.10 Assessment policy ......................................................................................................... 8
4.11 Plagiarism...................................................................................................................... 8
4.12 Resubmission of test/assignment scripts .............................. Error! Bookmark not defined.
4.13 Excuses / Apologies ..................................................................................................... 11
5 Support services 13
5.1 Safety in the evening and emergencies......................................................................... 13
5.2 Academic and other support services. Let us help you! ................................................. 13
5.3 Some more detailed guidance ...................................................................................... 14
5.4 EMS student support by Faculty Student Advisors *...................................................... 16
5.5 Alphabetical list of degrees/diplomas/fields of study and faculty administrators
responsible for those degrees ...................................................................................... 17
6. Other Matters 19
6.1 Study hints................................................................................................................. 19
6.2. Examples of the format of letters, emails, memoranda and reports to clients ............... 19
7. Rules of conduct for EMS students 24

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 Department of Financial Management

1 Module calendar: Important dates and overview

2 Week ending Learning Chapter
Subject
Area

Orientation Additional study material

2.1.1.1 26 July 1
Time value of money on ClickUP

Additional study material

2 August 1 Time value of money
on ClickUP
Monday 5 August: Friday timetable No lectures
9 August
2 Long-term finance Chapter 5
2 Long-term finance Chapter 5
16 August
3 Derivatives Chapter 15
23 August 3 Derivatives Chapter 15
30 August 4 Weighted average cost of capital Chapter 17
Proposed date for Semester Test 1 – 4 September 2024
6 September 4 Weighted average cost of capital Chapter 17
13 September 4 Weighted average cost of capital Chapter 17

Tuesday 17 September: Friday timetable

Wednesday 18 September: UP Wellness day, no
20 September
lectures
5 Capital structure and dividend policy Chapter 18
UP Recess 19 September – 29 September 2024
Chapter 18 and additional
4 October 5 Capital structure and dividend policy
study material on ClickUP
Chapter 19, 20 and
11 October 6 Capital project appraisal additional study material
on ClickUP
Chapter 19, 20 and
18 October 6 Capital project appraisal additional study material
on ClickUP
Proposed date for Semester Test 2 – 18 October 2024

Chapter 19, 20 and

25 October 6 Capital project appraisal additional study material
on ClickUP

1 November 7 Growth and restructuring of companies Chapter 16

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 Department of Financial Management

Revision and discussion of exam paper

8 November
Classes end – 7 November 2024

To be announced - Supplementary Test -

PLEASE NOTE:
• Please note that this schedule is only a proposal and that the planning may change if
necessary. Please see the ClickUP announcements on a regular basis to keep up to date.
•
• The proposed dates for tests and assessments are preliminary and indicative only. It is included in
the proposed work schedule to provide students a frame of reference for the planning of their
own studies.
•
• Test and assessment dates can change at short notice. It is students’ responsibility to ensure that
they are aware of changes to dates and times of tests and assessments. To say that you were
unaware of the change in date or time of a test or an assessment will not be accepted as an excuse
for missing those assessment opportunities.

2. Introduction
2.2 Welcome

Welcome to all students that follow the course FBS 122!

The aim of this course is to introduce and provide the student with a basic knowledge of the areas of
Financial Management, Financial Accounting and Corporate Finance, and to provide the ability to
interpret the financial statements of companies and financial institutions. The approach to be
followed in this module will be explained in class.

The syllabus for FBS 122 is based on the required relevant Syllabus Objectives and study material for
subject CB1. It has been written by the Actuarial Profession and the course material used for this
module belongs to the Institute and Faculty Education Ltd (ActEd), a subsidiary of the Faculty of
Actuaries and the Institute of Actuaries.

The study material for this module will be handed out to registered students at the beginning of the
semester when lectures commence. It is of the utmost importance that you study this manual carefully
and retain it for the duration of the course, as you will need to refer to the information on a continuous
basis.

Important information will also be provided on Click-UP. The staff in the Department of Financial
Management will do everything possible to provide you with advice in respect of academic problems
that you may encounter.

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Department of Financial Management

2.3 Educational approach

In its Teaching and Learning Strategy UP is committed to hybrid learning (programme level) and a
blended learning approach (module level). This includes face-to-face, online and a variety of other
modes of delivery.

This learning approach intends to focus equally on the acquiring of knowledge and skills as well as
ways of executing activities or tasks. It implies that the learning process is learner-driven. The lecturer/
trainer limits teaching and rather acts as facilitator to stimulate creativity, self-learning and critical
thinking on the part of the learner. This implies that the student should be actively involved in the
process. Lecture periods are not aimed at conveying factual contents, but are aimed at developing
critical thinking skills, problem solving techniques and practical application of subject matter.

The student is expected to be prepared when attending the lectures and to participate actively in class
discussions. Online resources will be used for preparation and assessment (pre- and post-lecture)
purposes. Class attendance is of the utmost importance to be successful in this module.

Competencies, critical outcomes and specific outcomes

The outcomes the student should attain during the course of a semester include a specific level of
competence, critical and specific outcomes. The level of competence refers to what a student should
be able to do after completing the semester. The critical outcomes (cross-field outcomes) indicate the
general skills that the student should have acquired, e.g. able to manage his own activities,
communicate effectively, work effectively with others as a member of a group. Specific outcomes on
the other hand concerns the outcomes related to specific learning areas of the semester.

Specific outcomes have been set for each learning area. You have to be able to meet these by studying
the relevant chapter and by practising the example questions.

The following method has been successful in the past:

1. Prepare before each lecture.
2. Study the material again after the lecture.
3. Identify the most important sections.
4. Practice doing the examples.
5. Ensure that you have achieved the learning outcomes.

AN OUTCOMES-BASED APPROACH

The South African Qualification Authority (SAQA) makes provision for the National Qualifications
Framework (NQF) which heralds a new approach to education and training in South Africa. It is known
as outcome-based learning, is in line with international trends and addresses the need for a suitably
qualified workers corps in South Africa. During 1999 the University of Pretoria adopted a policy of
revising all qualifications and adapting them to the requirements of the NQF.

The outcomes-based learning approach intends to focus equally on the acquiring of knowledge and
skills as well as ways of executing activities or tasks. Outcomes-based learning implies that the
learning process is learner-driven. The teacher/trainer limits teaching and rather acts as facilitator to
stimulate creativity, self-learning and critical thinking on the part of the learner. This implies that the
student should be actively involved in the process. Lecture periods are not aimed at conveying factual
contents, but are aimed at developing critical thinking skills, problem solving techniques and practical
application of subject matter.

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 Department of Financial Management

The student is expected to be prepared when attending the lectures and to participate actively in class
discussions.

2.4 Learning in the discipline

This section is all about the expected role that students should play as active participants in their
learning process.
1) How are they to approach learning in this discipline and module (you may consult current research
articles and even the Faculty Student Advisors, e.g. how do you study maths, etc.).
2) This might include information about the importance of class attendance and preparation for class.
3) Encourage student engagement and interaction with content, tutors, peers and lecturers.

Quality instruction requires students to come to classes prepared, enabling teaching to build on
common prior knowledge. The detailed information on what students should prepare for each lecture
is set out under section 1. Above.

3 Administrative information
3.1 Contact details
Building
Telephone
Name and room Email address Consulting hours
number
number
Monday
Module EMS 11:30 – 13:30
Dr E Toerien 012 420 4489 [email protected]
coordinator 3 – 5.2 Thursday
10:30 – 12:30
Wednesday:
Module EMS 14h00 – 16h00
Mr Owen Ncube 012 420 3390 [email protected]
Lecturer 3 – 41 Friday:
12h00 – 14h00
Departmental Ms K Jeewa EMS 3–13 012 420 3795 [email protected] Office hours
Administrator
Tuesday:
Module Ms Tshepang FBS [email protected] 12h00 – 15h00
012 420 5081
Tutor Motau Helpdesk Wednesday:
12h00 – 15h00
Faculty Mr Danny Ramollo EMS – 012 420 6743 [email protected] Per appointment
Student Office of
Advisor* the Dean
Mr Danie Malan Merensky 012 420 2302 [email protected] Per appointment
Subject
II Library,
librarian
Level 2

• Your Faculty Student Advisor can advise you on goal-setting, adjustment to

university life, time management, study methods, stress management and career
exploration. Book an individual consultation or attend a workshop. For other
support services see Section 5.

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3.2 Timetable

TAKE NOTE! Class attendance is mandatory for FBS 122, whether it is in person or online lectures. If a
student fails to attend a class where a class test is written, homework is taken in or attendance marks
are given, the student will NOT be granted a second opportunity.

Contact session Day Time Venue

Lecture 1 & 2 Monday 15h30 – 17h20 Louw Hall
Lecture 3 Thursday 09h30 – 10h20 HB 4 – 2

3.3 Study material and purchases

Compulsory
• ActEd Ltd., 2024. Combined Material Pack (CB1) - Will be handed to you at beginning of the year.
• Additional study material as needed (will be provided on ClickUP).
• Pocket calculator: HP 10B II is recommended and will be used as basis in class.
• HP 10B II or HP 10BA Pro can be downloaded as an application on a smart device for use during
online/in person lectures but note smart devices are not permitted for tests or exams.
• Excel will used for calculations in class and in tests and exams.

Additional Readings
• Harrison, W. T. and Horngren, C. T., 2008. Financial Accounting, 7th edition, Pearson Prentice Hall.
• Gitman, L. J. 2010. Principles of Financial Management. African Perspective, 1st Edition. ISBN
978-1-77025-502-9
• Additional study material and readings that will be made available or suggested as needed.

3.4 Programme/Departmental/Module rules, requirements and guidelines

Students in the EMS Faculty are likely move into the business world once they have completed their
studies at the University of Pretoria. As part of delivering well-rounded students to the job market, it
is important that UP students refine certain attributes that are deemed to be part of the make-up of
any successful business person. Where feasible, a number of these attributes need to be inculcated
by staff members in the departments in the EMS Faculty, by consistently applying the same
administrative and other rules when dealing with students. As these rules of conduct are deemed to
form part of leaners’ guides even though they may be handed out separately, it is assumed that all
students are aware of these and ignorance will thus not be accepted as an excuse.

Rules of Conduct for students of Faculty Economic and Management Sciences

CONDUCT RULES (GA = Graduate attribute expected of students in the EMS Faculty)
1. Professional conduct and manners are expected when interacting with your lecturers in person, by e-
mail or by telephone. GA: Communicate well in diverse social, cultural, geographical and workplace
contexts using appropriate language (oral, written and listening)
2. Professional conduct and ethical conduct are expected when liaising with outside stakeholders related
to your academic programme. GA: Have a sense of social responsibility by behaving ethically and with
integrity
3. Please respect the consulting hours of lecturers and the time of your fellow students when consulting
with lecturers on a one-on-one basis or in class. GA: Demonstrate inter-personal skills by interacting
constructively

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4. All correspondence (e-mail or otherwise) with the HODs and lecturers, must be done in an appropriate
format and tone. If not, the correspondence will be returned unanswered marked “format” or “tone”.
Queries will thus not be attended to, unless the format and/or tone of the correspondence are at an
acceptable professional standard. For examples of the appropriate format, refer to the formats of
correspondence attached to this document. GA: Communicate well in diverse social, cultural, geographical
and workplace contexts using appropriate language (oral, writing and listening)
5. Students shall not be late for class, unless there is a valid reason for their being late. Being late for a
lecture indicates a lack of respect for the lecturer and fellow students. In addition, students who have to
leave a lecture period before the end of the lecture should advise the relevant lecturer before the lecture
commences that they will be leaving early.
GA: Functioning autonomously and confidently as individuals demonstrating time management in own
decision-making
6. Students’ cell phones should be switched off and out of sight during lectures and tutor sessions, unless
these are used as part of the blended learning interventions. GA: Demonstrate inter-personal skills by
interacting constructively
7. Students are discouraged from misusing the procedures associated with sick notes. Nevertheless, when
appropriate, they are expected to hand in a sick note application form together with the required
supporting documentation AT EACH DEPARTMENT. The associated application form (attached in the study
guide) must be filled out in its entirety and if not, sick notes will not be accepted and a zero mark will be
awarded for the relevant test or assignment. GA: Have a sense of social responsibility by behaving ethically
and with integrity
8. Sick note application forms and associated documentation must be handed in within three working
days from the date of the test that was missed. Public holidays, Saturdays, Sundays and official university
recess days during a semester are not counted as working days. Late submissions will not be accepted and
a zero mark will be awarded for the relevant test. GA: Functioning autonomously and confidently as
individuals demonstrating time management in own decision-making
9. To counter unethical behaviour, sick notes received will be validated by confirming their validity with
the issuing medical practitioner. If students are identified as having submitted fraudulent sick notes, they
will be handed over to the university authorities for disciplinary action and this could lead to expulsion.
GA: Have a sense of social responsibility by behaving ethically and with integrity
10. Students are expected to consider the resubmission of tests for additional marks carefully and are
expected to fill out the associated forms in their entirety and hand these in, accompanied by the relevant
test. Questions/answer books will be remarked in their entirety when handed in and students could
consequently lose marks previously awarded, when the entire question/answer book is remarked. GA:
Functioning autonomously and confidently as individuals taking responsibility for their own decisions and
development
11. Fraudulent amendments to tests and examinations will not be tolerated and students guilty of this will
be handed over to the university authorities for disciplinary action and this could lead to expulsion or
suspension of credits for a specific module. GA: Functioning autonomously and confidently as individuals
taking responsibility for their own decisions and development and Have a sense of social responsibility by
behaving ethically and with integrity
12. All tests handed in for remarking must be handed in within three working days of the date on which
the tests were handed back in class and must be accompanied by the associated form. Public holidays,
Saturdays, Sundays and official university recess days during a semester are not counted as working days.
Applications for a remark will not be considered if handed in after the deadline specified by the lecturers.
GA: Functioning autonomously and confidently as individuals demonstrating time management in own
decision-making
13. All assignments must be handed in on time. If not, assignments will not be marked and students will
receive a zero mark for assignments that were handed in late. GA: Functioning autonomously and
confidently as individuals demonstrating time management in own decision-making

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3.5 Grievances and escalation process to be followed

3.5.1 Undergraduate students (for flow chart see General Academic Regulations and Student Rules
at https://www.up.ac.za/yearbooks/2024/rules on page 93)

- All issues should be reported in writing, providing details of the complaint or issue.
- It is imperative that the procedure outlined below be followed meticulously if the matter is to be
resolved as quickly and efficiently as possible:
(a) The student should first consult the lecturer concerned about the complaint or issue. If the
matter is, however not resolved, the student should consult the class representative (The
primary function of the class representative is to serve as a two-way communication channel
between the class and the lecturer.)
(b) If the matter remains unresolved the student should consult the module co-ordinator in the
case of large module classes with multiple lecturers.
(c) Where the co-ordinator is unable or fails to resolve the matter, the student should consult the
Head of Department/Centre/Institute.
(d) Should the matter remain unresolved, the student may approach the Dean of the Faculty.
(e) Student matters should be resolved at Faculty level. However, should the above steps fail to
bring about a resolution, the student may refer the matter to the relevant member of the
Executive. In the case of an academic matter, it should be referred to the Vice-Principal:
Academic. Other matters may be referred to the Registrar or another relevant functionary.
(f) Only in exceptional cases, where no resolution has been reached through the above processes,
and as a last resort, the matter may be escalated to the Vice-Chancellor and Principal. The Vice-
Chancellor and Vice-Principal’s decision in any such matter will be final.

PLEASE FOLLOW THE PROCEDURE AND DO NOT SEND YOUR COMPLAINT TO ALL PARTIES
MENTIONED HERE SIMULTANEOUSLY. THIS IS AN ESCALATION PROCESS!

3.6 Communication with students

All emails from the EMS Faculty and University of Pretoria will be sent to you at your UP email address.
It is assumed that any emails sent to this UP email address, will be read by yourself. You are strongly
advised to check this email address at least twice a day and EMS proposes that you do this during the
course of the morning and again before the close of business.

Announcements relating specifically to FBS 122 will be posted on ClickUP. While every effort may be
made to communicate with you through other available channels, you are deemed to have read any
announcements posted on ClickUP.

It is also strongly advised that you check ClickUP at least twice a day and EMS proposes that you do
this during the course of the morning and again before the close of business.

Example of the FORMAT AND TONE of an email to be used when you send an e-mail to a lecturer:

Subject: FBS 122: Enquiry about ???

Dear Sir / Miss / Madam

I refer to ___________ and would like to enquire about / establish / confirm_________________. To

elucidate the matter further, I have attached a document for your perusal (if applicable).

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Department of Financial Management

I do appreciate you taking the time to assist me with my query.

Kind regards
Name, Surname
Student number

4 Module information
4.1 Purpose of the module

The purpose of this course is to introduce and provide the student with a basic knowledge of the areas
of Financial Management, Financial Accounting and Corporate finance and to provide the ability to
interpret the financial statements of companies and financial institutions.

4.2 Articulation with other modules in the programme

The syllabus for FBS 112/122 is based on the required relevant Syllabus Objectives and study material
for subject CB1. It has been written by the Actuarial Profession and the course material used for this
module belongs to the Institute and Faculty Education Ltd (ActEd), a subsidiary of the Faculty of
Actuaries and the Institute of Actuaries.
Subject CM1 – Financial Mathematics: uses this subject to provide grounding in financial mathematics
and investments.
Subject CP1 – Actuarial Risk Management: develops some of the concepts introduced in this subject.
Subject SP5 – Finance and Investment Specialist Technical A, ST6 – Finance and Investment Specialist
Technical B

4.3 Learning presumed to be in place

This is a first-year module. No prior knowledge of accounting, taxation or insurance is required for this
module. However, a basic understanding of mathematics is a required. The knowledge acquired in FBS
112 is assumed in place to continue with FBS 122.

4.4 Overall competencies and module outcomes

LEVEL OF COMPETENCY ACHIEVED

After studying this module, you should be able to:

• this module would enable you be able to write financial reports;
• make correct financial decisions;
• answer examination and test(s) questions correctly to demonstrate that you understand the
functioning of financial markets;
• understand the characteristics of the principal forms of financing issued by companies;
• the cost of these various forms of finance as presented by the capital structure of the company;
• and how this can be used to evaluate risky capital investment projects.

CRITICAL OUTCOMES

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To reach the level of competency required for this module, you should be able to apply the
following methods of learning:
• identify and solve problems using decisions based on critical and creative thinking;
• work effectively with others in order to collect, analyse, critically evaluate and integrate
information on financial and investments management issues;
• write a rapport to management motivating your decisions on financial and investment
management issues;
• organise and manage your own activities responsibly and effectively;
• demonstrate an understanding of the world as a set of related systems by recognising the fact
that a problem-solving context does not exist in isolation;
reflect on and explore a variety of strategies to study more effectively.

4.5 Module structure

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REVISION OF THE FINANCIAL BUSINESS ENTITY

ACCOUNTING PROCESS
Transactions of the business
Transactions

Invoices and Cash payments and Other source Source

receipts deposit slips documents documents

Books of original
Various Journals
entry

Posting Posting to Ledger

GENERAL LEDGER: Double Entry/Balance
(Minimum 2)

Ledger

Account 1: Account 2: Account 3 Account 4 Account 5: Account 6: Account 7:

Assets Liability Owner’s Equity Revenue Expense Gains / Profits Losses

Expenses / losses Revenue / Gains

Debits Credits Debits Credits
Increase Decrease Decrease Increase
Normal Normal
balance balance

Elements of
financial
statements
Assets Liabilities Owner’s Capital
Debits Credits Debits Credits Debits Credits
Increase Decrease Decrease Increase Decrease Increase
Normal Normal Normal
balance balance balance

At month or year end

Trial balance
Trial Balance

Statement of financial position Statement of comprehensive income Statement of changing equity movement Statement of cash flows

Accounting Equation: Assets, liability, owners equity Single step / multi step Owner’s equity Cash Flows Financial
statements

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4.6 Teaching/Learning/Assessment path per unit

Learning Chapter
1 Week ending Subject
Area

Orientation Additional study material

26 July 1
Time value of money on ClickUP

Additional study material

2 August 1 Time value of money
on ClickUP
Monday 5 August: Friday timetable No lectures
9 August
2 Long-term finance Chapter 5
2 Long-term finance Chapter 5
16 August
3 Derivatives Chapter 15
23 August 3 Derivatives Chapter 15
30 August 4 Weighted average cost of capital Chapter 17
Proposed date for Semester Test 1 – 4 September 2024
6 September 4 Weighted average cost of capital Chapter 17
13 September 4 Weighted average cost of capital Chapter 17

Tuesday 17 September: Friday timetable

Wednesday 18 September: UP Wellness day, no
20 September
lectures
5 Capital structure and dividend policy Chapter 18
UP Recess 19 September – 29 September 2024
Chapter 18 and additional
4 October 5 Capital structure and dividend policy
study material on ClickUP
Chapter 19, 20 and
11 October 6 Capital project appraisal additional study material
on ClickUP
Chapter 19, 20 and
18 October 6 Capital project appraisal additional study material
on ClickUP
Proposed date for Semester Test 2 – 18 October 2024

Chapter 19, 20 and

25 October 6 Capital project appraisal additional study material
on ClickUP

1 November 7 Growth and restructuring of companies Chapter 16

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 Department of Financial Management

Revision and discussion of exam paper

8 November
Classes end – 7 November 2024

To be announced - Supplementary Test -

4 Module information
4.7 Credit map and notional hours

Utilising notional hours

FBS 122 is a 10-credit course. The credits per course are an indication of the number of notional hours
the student is supposed to spend in order to master the outcomes for the course. The course is
compiled in such a way that 1 credit represents 10 notional hours. A 10-credit course therefore
requires 100 notional hours. The notional hours are allocated to the different activities leading to the
outcomes in the following way:

Self-study, online
Class contact Preparing for tests Writing of tests
work and Total
sessions and exams and exams
preparation
35 hours 24 hours 35 hours 6 hours 100 hours

4.8 Units

LEARNING AREA 1
TIME VALUE OF MONEY

SEPARATE STUDY MATERIAL PROVIDED ON CLICKUP

SPECIFIC OUTCOMES

After studying this learning area you should be able to give a brief written explanation and supply
verbal advice to an investor on the underlying principles of time value of money and how it can be
used in personal financial decision-making and long-term capital investment decisions by:

a) explaining the role of time value of money in financing and investment decisions;
b) explaining the meaning of compounding and discounting;
c) demonstrating how to calculate the future value and present value for a single investment;
d) describing the relationship between present and future value;
e) demonstrating how to calculate the future value and present value of an ordinary annuity;
f) demonstrating how to calculate the present value and future value of a mixed cash flow
stream; and
g) demonstrating how to calculate deposits needed to accumulate a future sum, loan
amortization and find growth rates.

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LEARNING AREA 2
LONG-TERM FINANCE

CHAPTER 5 of combined materials pack

SPECIFIC OUTCOMES

After studying this learning area you should be able to draft an overview on the differences and the
merits of various long- term forms of financing from both the investors and issuers point of view. In
your description you should:

a) tabulate and describe the different types of loan and share capital;
b) classify and describe the characteristics of the principle forms of financial instruments issued
or used by companies and the ways it may be issued;
c) find examples to describe the various methods of obtaining a quotation for securities;
d) demonstrate that you understand the role of underwriting in the issue of new securities;
e) demonstrate that you understand the risk and return relation of each type of finance from the
view point of the issuer;
f) demonstrate your knowledge of the main forms of long-term financing and the merits of long-
term financing from both the investors and issuers point of view.
g) explain the basic calculations concerning the prices and yields on bonds; and
h) explain the determinants of share prices.

LEARNING AREA 3
DERIVATIVES

CHAPTER 8 of combined materials pack

SPECIFIC OUTCOMES

After studying this learning area you should be able to write a summary report to a non- financial
manager on the use of financial derivatives in which you:

a) explain the purpose and characteristics of

• financial futures and forwards
• options; and
• interest rate and currency swaps
b) demonstrate that you understand how investors use call and put options and financial futures;
and
c) explain how financial derivatives serve a real purpose in the commercial world rather than being
abstract financial products of use only to the financial world.

LEARNING AREA 4
WEIGHTED COST OF CAPITAL

CHAPTER 17 of combined materials pack

SPECIFIC OUTCOMES

After studying this learning area you should be able to draft calculations on the weighted average cost
of capital in financial decision making by:

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a) explaining the factors to be considered by a firm when deciding on its capital structure;
b) describing the effect that the capital structure of a firm may have on the market value of the
firm;
c) explaining the impact of taxation on the capital structure applied by a firm;
d) describe what is meant by firms cost of capital and its relevance to both financing and
investment decisions;
e) explaining the theoretical impact of the financing decision on the cost of capital;
f) relating the concept critical rate of return to weighted average cost of capital;
g) illustrating how to calculate the cost of debt and equity (ordinary shares);
h) explaining how the Capital Asset pricing Theory (CAPM) can be applied to calculate the cost
of equity;
i) differentiating between systematic an unsystematic risk of a portfolio of assets;
j) explaining how to calculate firms weighted average cost of capital; and
k) discussing the issues in establishing the required rate of return in the capital budgeting
process.

LEARNING AREA 5
CAPITAL STRUCTURE AND DIVIDEND POLICY

CHAPTER 18 of combined materials pack

Additional study material on ClickUP

SPECIFIC OUTCOMES

After studying this learning area you should be able to prepare a draft dividend policy to top
management by:

a) explaining the factors to be considered by a firm when deciding on its capital structure and
dividend policy;
b) describing the effect of taxation on the capital structure of a firm;
c) explaining the difference between accounting profit and cash;
d) explaining the theoretical background of gearing (debt financing) on the value of the firm;
e) explaining the principle factors that a firm should consider in setting a dividend policy;
f) analysing the different theories underlying the dividend policy of a firm;
g) explaining the effect that the dividend policy of a firm will have on its market value; and
h) explaining the principles underlying share splits and repurchase of shares.

LEARNING AREA 6
CAPITAL PROJECT APPRAISAL

CHAPTER 19 and 20 of combined materials pack and special notes

Additional study material on ClickUP

SPECIFIC OUTCOMES

After studying this learning area, the student should be able to make own decisions or recommend to
management which capital investments projects based on the discounted cash flow techniques should
be accepted or rejected by:

a) explaining the steps and motives for capital investment decisions;

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b) explaining how to determine the cash flows of an asset or project to be considered;

c) explaining how to determine the required net working capital caused by a new / or replacement
of a capital asset;
d) explaining the evaluation techniques available for project evaluation including:
• Net Present Value technique
• Internal Rate of Return technique
e) explaining the factors underlying the choice of a discount rate; and
f) describing the decision criteria of the various investment evaluation techniques.
g) explaining how the cost of capital interacts with the nature of the investment project it
undertakes;
h) describing methods commonly used to evaluate risky investments including
• probability trees
• simulation
• certainty equivalents
i) explaining the issues in establishing the required rate of return for capital investment projects
including the factors underlying the choice of a discount rate;
j) explaining the methods that can be used for identifying the risk that may be present for different
types of capital projects;
k) applying the techniques for ascertaining the probability of occurrence of different risks over
varying time scales and the financial impact of occurrence; and
l) explaining the techniques for ascertaining the distribution of the possible financial outcomes of a
capital investment project.

LEARNING AREA 7
GROWTH AND RESTRUCTURING OF COMPANIES

CHAPTER 16 of combined materials pack

SPECIFIC OUTCOMES

After studying this learning area you should be able to discuss the growth and restructuring of
companies

a) Discuss how companies grow and the different ways of company restructuring
• Describe why businesses want to grow larger, how companies achieve internal growth
and explain the relationship between growth and profitability
• Describe the constraints on a firm’s growth
b) Outline the motives for mergers and acquisitions
• Describe the characteristics of a merger
• Discuss the methods of evaluating a target company
• Discuss steps that a buyer will usually take in a leveraged buy-out

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4.9 Assessment

Assessment
instrument
used (e.g. The assessment Weighting in
Assessment title Short description project, tool used (e.g. relation to final
or scope assignment, rubric, mark (% -
test, portfolio, memorandum) percentage) #
quiz,
examination.)

Class tests and Online tests, ClickUP test, Memorandum, 20

assignments MCQ, case invigilated Rubric (see
studies, group written tests, ClickUP for
assignments assignments to details)
be handed in

Semester test 1 Integration of Invigilated Memorandum 40

competencies written test

Semester test 2 Integration of Invigilated Memorandum 40

competencies written test

SEMESTER MARK 100/2 = 50%

Exam/exam Integration of 50%

assignment competencies

FINAL MARK (Semester mark + Examination mark) 100%

PLEASE NOTE: Test and assessment dates can change at short notice. It is the student’s responsibility
to ensure that they are aware of changes to dates and times of tests and assessments. To say that you
were unaware of the change in date or time of a test or an assessment will not be accepted as an
excuse for missing these assessment opportunities.

Regulation 6.2 stipulates that the minimum semester mark required to be admitted to an examination
for a second semester module on first-year level is 40%. A sub minimum of 40% is required in the
examination. An average mark of 50% is required in order to pass this subject.

TAKE NOTE: The weightings for the calculation of the semester/final mark indicated above are only
preliminary weightings. At any stage during the semester these weights can be amended at the
discretion of the subject responsible lecturer and the Head of Department, should circumstances
provide reasonable grounds for a change. It is important to note that assessments written under strict
exam conditions will count more towards your semester/final mark.

FBS 122 WEIGHT MARK

Continuous assessments 10%
Semester test 1 20%
Semester test 2 20%

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Exam 50%
Total 100%

# The weighting of the tests and other items forming part of the semester/year mark calculation as
explained above, may be altered by the Head of Department at his/her discretion in consultation
with the module lecturers.

4.10 Assessment policy

The semester mark contributes 50% towards the final mark and the examination mark the other 50%.
Students must obtain the 40% sub-minimum as semester mark for examination entry purposes. A
sub-minimum of 40% in the examination is required. A final mark of 50% is required in order to pass
this subject.

PLEASE NOTE: Actuarial students: Only the main examination counts towards an exemption from the
professional exams (CB1). No re-exams, special exams or supplementary will be considered. A
minimum of 60% is required in the main exam for exemption from the professional exam CB1, with a
subminimum of 55% for each individual module. Note the requirements for this exemption is
indicative only and can also be subject to change.
Please take note of University regulation G.3.2., concerning renewal of registration:
“Registration is permitted only
(a) in the case of full-time students, if the student has passed at least the equivalent of four semester
modules in a particular year of study, and in the case of after-hours students and students who follow
an approved extended study programme, if they have passed at least the equivalent of two semester
modules – with the proviso that faculty boards may stipulate other requirements for progress that
students must comply with in order to be readmitted;
(b) in the case of full-time students, if the student completes the degree for which he or she is still
registered within the prescribed minimum period plus two years and, in the case of after-hours
students, telematic-tuition students and students who follow an approved extended study programme,
if such students still complete their studies within the prescribed minimum period plus three years: with
the proviso that faculty boards may stipulate other requirements for progress that students must
comply with in order to be readmitted.”
The purpose of the semester tests, class tests and examination will be to evaluate a student’s
achievements after covering all the relevant work. These assessment opportunities could consist of
longer questions as well as shorter and multiple choice style questions.
The online ClickUp tests can be used as a tool to assess a student’s prior learning (i.e. before lectures)
or it can be used as a tool to evaluate the progress of a student after covering a specific topic (i.e. after
lectures). The online ClickUp tests will mostly consist of shorter and multiple choice style questions.
With these assessments, students are expected to:
• Observe and recall information relating to the core concepts.
• Understand and grasp the meaning of information provided.
• Use the information provided and apply subject-specific knowledge to solve problems.
• Break down information into the components and parts and see the relationships.
• Put components and parts together to draw conclusions.
• Evaluate information to make choices based on a reasoned argument.

4.11 Plagiarism

Plagiarism is a serious form of academic misconduct. It involves both appropriating someone else’s
work and passing it off as one’s own work afterwards. Thus, you commit plagiarism when you present

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someone else's written or creative work (words, images, ideas, opinions, discoveries, artwork, music,
recordings, computer-generated work, etc.) as your own. Only hand in your own original work.
Indicate precisely and accurately when you have used information provided by someone else.
Referencing must be done in accordance with a recognised system. Indicate whether you have
downloaded information from the Internet. For more details, visit the library’s website:
http://www.library.up.ac.za/plagiarism/index.htm.

4.12 Resubmission of test/assignment scripts

If there are any queries regarding the marks awarded to a script, the full script (all the answer books),
together with the prescribed form (see Annexure 1) must be submitted to the lecturer or designated
person (provide name and place of submission) concerned within three working days of the scripts
being returned to the student during lectures. No late submissions will be considered under any
circumstances and this is not negotiable.

Examples of the application of the three working day rule (to illustrate the principle), are as follows:

When returned to learner By when to be submitted for re-mark

Test/assignment returned on Monday 15:30 on Thursday
Test/assignment returned on Tuesday 15:30 on Friday
Test/assignment returned on Thursday 15:30 on Tuesday of following week

If a public holiday should fall on a day following the return of the test/assignment, then this rule would
work as follows:

When returned to learner By when to be submitted for re-mark

Test/assignment returned on Monday and 15:30 on Friday
public holiday falls on the
Tuesday/Wednesday/Thursday
Test/assignment returned on Tuesday and 15:30 on Monday
public holiday falls on
Wednesday/Thursday/Friday
Test/assignment returned on Thursday and 15:30 on Wednesday of following week
public holiday falls on Friday or
Monday/Tuesday of following week

Tests submitted for re-evaluation will be considered in their entirety. The detailed mark memorandum
must be used for this purpose. The lecturers and academic assistants will not discuss the marking of
your test with you prior to your handing the test in for re-mark.

In compliance with the EMS Conduct rules, we expect of you that you will comply with the following
procedure: The prescribed form (refer ANNEXURE 1 below) must be properly completed in all
respects. If this is not done, the application for re-submission will be invalid and will not be considered.
We will not contact you to correct this so that the remark can be done – this is your responsibility and
is not negotiable. The two persons signing this form as confirmation that the query is valid must ensure
that they have properly applied their minds to the issues raised and not sign the form blindly, as they
will be held responsible, together with the person that has completed the form, for any invalid queries.
Any invalid queries will be dealt with in a firm manner. Refer Annexure 1 below for the penalty related
to this.

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ANNEXURE 1

DEPARTMENT OF FINANCIAL MANAGEMENT

RE-SUBMISSION OF SCRIPT
Form must be properly completed in ALL respects BEFORE it is handed in (refer 6.6)
Module: FBS 122 Description and Date of test:

Initials and surname: Student no:

I hereby request that my FBS 122 answer scripts be re-evaluated:

Total mark for the

Adding Other queries
Question question (after
problem My total
number (indicate Yes/No) consideration by the
(indicate markers)
Yes/No)

TOTAL

I hereby declare the following:

 I am aware that my paper will be considered in its entirety.
 My complete script with all of its questions, are attached.
 The question number, the total mark per question awarded before reconsideration, as well as
my own adding-up per question (only if applicable) is correctly filled in above.
 Queries are not just marked with an asterisk or a question mark, but the query is clearly stated
in sentence format in pencil only and the penciled-in information is highlighted.
 My answer paper has also been scrutinized by the following two fellow students currently
registered for FBS 122, and they agree with the queries raised. Should the queries raised be
invalid according to the relevant staff member(s), the 2 verifiers and I will be penalized by the
deduction of 2 percentage points.

______________________ ________________________
Signature Date
Initials and surname of Student no.: Signature:
verifiers (to be clearly
printed):

1.

2.

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4.13 Excuses / Apologies

Only written excuses on the prescribed form (see Annexure 2) will be accepted. Students are
requested to be reasonable when offering an excuse, as unreasonable behaviour will be severely dealt
with.
In those situations where a certificate from a medical practitioner is the supporting documentation that
is submitted with the prescribed form, the following important matters are drawn to your attention:
- Only original certificates from medical practitioners will be accepted.
- The certificate from the medical practitioner must be dated on or before the date of the test.
Certificates dated after this date will not be accepted.
- The certificate must clearly specify the period for which you are booked off and must clearly indicate
that you have been booked off.
- Any certificate from a medical practitioner stating “I have been informed that....” will not be
accepted or considered.
- The validity of the certificate from the medical practitioner will be verified directly with that
practitioner.

In those situations where a certificate from a medical practitioner is not the supporting documentation,
a letter together with other original, suitable and verifiable documentation must be attached to the
prescribed form. Other circumstances will be considered only in exceptional cases following consultation
by the Head of Department: Accounting with the lecturer concerned.

In terms of University regulations, excuses must be submitted within three (3) working days after the
date of the test concerned. The prescribed form and the supporting documentation must be submitted
at the One-Stop Service in the Department of Financial Management within three (3) working days
(which includes the university recess period) of the test date. Should the One-Stop Service not be
manned, you must ensure that the prescribed form and the appropriate supporting documentation
are handed in at the office of the Head of Department: within the said three (3) working days. When
the prescribed form and supporting documentation are handed in, you must ensure that you receive
an acknowledgement of receipt of the said documents and ensure that this receipt clearly indicates to
whom the documentation was handed.

Students submitting the supporting documentation without the completed prescribed form or the
prescribed form without the supporting documentation, disqualify themselves immediately with
regard to the excuse. It is your responsibility to ensure that procedures are followed.

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ANNEXURE 2

DEPARTMENT OF FINANCIAL MANAGEMENT

APPLICATION TO BE EXCUSED
Form must be properly completed in ALL respects before it is handed in

Subject: FINANCIAL MANAGEMENT FBS 122

Initials and surname: Student no:

I hereby request that I be excused from the following academic commitment:

Year test no.: Date:
I have submitted ...... excuses to date.

The original of my medical certificate or other supporting documentation in support of my application

to be excused is attached.

I confirm that I have read and understood the matters relating to the submission of
excuses/apologies as contained in the Learner’s Guide under 4.12.

I declare that this is a bona fide application and that the certificate and/or letter attached is true.

______________________ ______________________
Signature Date

If you cannot use a photocopy of this example, you may write a letter that contains the same information.

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5 Support services
Please note that details on the EMS Student Support Services are provided in 5.4 and 5.5 below.
For UP support, please download a QR code reader on your cellular phone. To download a QR code
reader open your mobile app store (App Store, Google Play or Windows Marketplace) and search for
QR code readers.

5.1 Safety in the evening and emergencies

• For any safety or emergency related matters, e.g. if you need a security officer to accompany you
from your residence to campus, phone the Operational Management Centre (details at the back
of your student card).
• The 24-hour, multi-disciplinary UP Crisis Line offers professional and confidential support to
victims of crime in times of trauma. For assistance and immediate action, phone the UP-Crisis Line
on: 0800 00 64 28.
• Hatfield residence students: From 18:00 till 06:00 security officers are available to escort you (on
foot) to and from your residence or campus anywhere east of the Hatfield Campus through to the
Hillcrest Campus.

5.2 Academic and other support services. Let us help you!

The UP Support Networks include the Disability Unit, Student Counselling Unit, Student Health
Services, The Careers Office, Department of Security Services, Department of Student Affairs, Centre
for Sexualities, AIDS and Gender, Fees and funding, Library, IT Helpdesk, etc. For more information,
click here. If you need more information regarding Student Life, visit the dedicated website. The
University's academic support services links are listed in Bb Assist in ClickUP. For queries e.g. related
to study programs, or access to applications contact the Service Centre at:
● Enquiries: Tel: +27 (0)12 420 3111
● Email: [email protected]
Faculty Student Advisors (FSAs) – please see 5.4 below for detail on EMS FSAs
● Your Faculty Student Advisor (FSA) can advise you on goal-setting, adjustment to university
life, time management, study methods, stress management and career exploration. Book an
individual consultation or attend a workshop (www.up.ac.za/advising).
ClickUP Support
● How to access and use ClickUP: https://clickup.up.ac.za/bbcswebdav/xid-70961312_1 or
Inside ClickUP, click on the Institution page click on ClickUP Online Self‐Paced Student
Orientation Course, click on Submit & OK.
● Student self-help ClickUP help site: https://eduvation.up.ac.za/students/
Student Laptop Support
● This service offers technical, as well as software support for any student who makes use of a
personal computing device to manage their studies. The Student Laptop support centre is
situated at the Student Centre on Hatfield Campus.
Microsoft Office 365
● Installation Guide
● Please note that the username ends with "@up.ac.za" and NOT "@tuks.co.za"
IT Helpdesk for assistance on IT-related issues

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● Student Computing Services and the various IT facilities available to students, please visit the
website or visit the on-site helpdesks located at each of the on-campus IT Labs.
● Contact the IT Helpdesk at +27 12 420 3051
● After-hours emergency IT support procedure: Phone +27 12 420 2310 - Ask for IT assistance.
● Approach the assistants at the help desks—campus specific (for example: adjacent to the
Student Computer Laboratories in IT Building, NW2, CBT or Aldoel Building IT labs, etc).
● Email [email protected]

Library
The Department of Library Services (DLS) consists of various libraries located on different campuses.
These Libraries supply a comprehensive digital and in-person information service to students. Please
visit our website to view all available digital services. More information on the library’s services
(facilities, teaching and learning services and research support) can also be accessed through the
website under the “services” drop-down. For more information, please contact us:
● Librarian services
● Chat with a Librarian
● WhatsApp: 066 5091285
● Email: [email protected]
● Website: library.up.ac.za/home

Disability Unit
The unit provides the following academic support for students with learning disabilities:
● Assistive technological services
● Facilitation of test and examination accommodations
● Test and exam concession applications
● Accessible study venues and a computer lab
● Referrals for recommended textbooks in electronic format
Website: https://www.up.ac.za/disability-unit
Contact details: 012 420 2064 or [email protected]

5.3 Some more detailed guidance

• Think very carefully before dropping

modules (after the closing date for
amendments or cancellation of modules).
This will affect your GPA and appear on
FLY@UP: www.up.ac.za/fly@up
your academic record. It does not
The Finish Line
disappear.
is Yours email: [email protected]
• Make responsible choices with your time
and work consistently.
• Aim for a good semester mark. Don’t rely
on the examination to pass.

Student Provides counselling and therapeutic support

[email protected]
Counselling to students
012 420 2333
Unit

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Student
Promotes and assists students with health
Health [email protected]
and wellness
Services 012 420 2500

The Careers Provides support for UP students and [email protected]

Office graduates as they prepare for their careers 012 420 6438

Department of 24-hour Operational Management Centre 012 420-2310 /

Security 012 420-2760
Services Crisis Line 0800 006 428

Department of Enquiries concerning studies, 012 420 2371/6585

Student accommodation, food, funds, social activities Roosmaryn Building, Hatfield
Affairs and personal problems campus

Centre for
Sexualities, Identifies and provides training of student 012 420 4391
AIDS and peer counsellors Huis ‘n Haard Building
Gender

Fees and http://www.up.ac.za/enquiry

12 0 3111
funding www.up.ac.za/fees-and-funding

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5.4 EMS student support by Faculty Student Advisors *

Mondays to Fridays, 07h30 to 16h00

The services offered by the Faculty Student Advisors (FSAs) include individual consultation and/or
group workshops dealing with:

 Adjustment to university life

 Academic support - Goal setting & motivation, Time Management, Study methods, Test/Exam
preparation, Stress management
 Career exploration
 UPO 107 module queries – For 1st year students only
 EMS Y2 Plus queries – For 2nd & 3rd year students only
 Other services:
 Phafoga early warning system – For 1st year students
 Mamelodi / Hatfield student orientation – For 2nd year students after completing their first
year at UP in Mamelodi in the immediately preceding year and now starting at Hatfield.
 First generation mentorship – For 1st years who have no family members who can mentor
them since they have already attended a university

Please either phone 012 420 6992 for an appointment or visit the counter in Room 1-13 in the EMS
Faculty Administration (at EMS Building Entrance 1) to make an appointment.

*Services are free of charge to all EMS registered students, but you must approach them for
assistance

FSAs at your service

Ms Ncumisa November Ms Zinhle Sibiya Ms Beauty Mabunda
EMS Administration Building, EMS Administration Building, EMS Administration Building,
Room 1-13.13 Room 1-13.2 Room 1-13-1
E-mail: E-mail: E-mail:
[email protected] [email protected] [email protected]
Tel: (012) 420 6743 Tel: (012) 420 3322 Tel: (012) 420 6992

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5.5 Alphabetical list of degrees/diplomas/fields of study and faculty

administrators responsible for those degrees

BAdmin (under- and postgraduate)

BAdmin (undergraduate & postgraduate) (All SPMA qualifications)
Mr J Mpshe Room 1-12.6
012 420 5279 [email protected]
BCom under- and postgraduate
Accounting Sciences (undergraduate & postgraduate NOT PGDAS)
Ms T Mabasa Room 1-5 Foyer
012 420 2289 [email protected]
Agribusiness Management (undergraduate & postgraduate)
Mr J Ngobeni Room 1-12.1
012 420 5394 [email protected]
Auditing (postgraduate)
Ms R Steenkamp Room 1-5.4
012 420 3347 [email protected]
Business Management (undergraduate & postgraduate)
Ms T Chauke Room 1-12.2
012 4203329 [email protected]
Commerce Special (undergraduate)
Mr I Dire Room 1-5.4
012 420 5278 [email protected]
Communication Management ONLY PhDs
Mr I Dire Room 1-5.4
012 420 5278 [email protected]
Communication Management (postgraduate such as PGD)
Ms Z Mjwara Room 1-5.8)
012 420 5794 [email protected]
Development practice (postgraduate)
Ms Z Mjwara Room 1-5.8)
012 420 5794 [email protected]
Economics (undergraduate & postgraduate)
Ms Z Mjwara Room 1-5.8)
012 420 5794 [email protected]
Entrepreneurship (postgraduate diploma)
Ms Z Mjwara Room 1-5.8
012 420 5794 [email protected]
Financial Sciences (undergraduate & postgraduate)
Ms K Matabane Room 1-12.5
012 420 3064 [email protected]
Human Resource Management (undergraduate & postgraduate)
Ms S Qokose Room 1-12.5
012 420 3328 [email protected]

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Informatics (undergraduate, postgraduate) & Advanced Data Analytics (Masters)

Ms L Krappie Room 1-5.3
012 420 5387 [email protected]
Investigative & Forensic Accounting (postgraduate)
Ms R Steenkamp Room 1-12.7
012 420 3347 [email protected]
Investment Management (undergraduate & honours)
Ms R Steenkamp Room 1-12.7
012 420 3347 [email protected]
Law (BCom) (undergraduate)
Ms R Steenkamp Room 1-12.7
012 420 3347 [email protected]
Mamelodi BCom Extended programme
Ms Qokose Room 1-12.5
012 420 3328 [email protected]
Marketing Management (undergraduate & postgraduate)
Ms S Qokose Room 1-12.5
012 420 3328 [email protected]
Own Choice / EMS / General/ (undergraduate)
Mr J Ngobeni Room 1-12.1
012 420 5394 [email protected]
Postgraduate Diploma in Accounting Sciences (postgraduate)
Ms A Erasmus Room 1-5.2
012 420 3062 [email protected]
Responsible Leadership (postgraduate)
Ms Z Mjwara Room 1-5.8
012 420 5794 [email protected]
Statistics (undergraduate & postgraduate)
Ms L Krappie Room 1-5.3
012 420 5387 [email protected]
Strategic Communication (NOT PhD)
Ms Z Mjwara Room 1-5.8
012 420 5794 [email protected]
Supply Chain Management (undergraduate)
Ms T Chauke Room 1-12.2
012 4203329 [email protected]
Supply Chain Management (postgraduate)
Ms Z Mjwara Room 1-5.8
012 420 5794 [email protected]
Taxation (postgraduate)
Ms R Steenkamp Room 1-12-7
012 420 3347 [email protected]
Tourism Management (postgraduate)
Ms Z Mjwara Room 1-5.8
12 420 5794 [email protected]

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6. Other Matters
6.1 Study hints

a. Never “spot”. Unfortunately, “Murphy’s Law” most often applies here and the lecturer will test
the work that you have not spotted! You need to always maximise your mark-scoring ability and
spotting does not enable you to do this.

b. You can only pass FBS 122 if you understand the issues, concepts and principles. The workload is
just far too great to commit everything to memory.

c. In FBS 122, the lecturer explains and teaches you the basic principles and concepts, but in a test,
your insight (understanding) is tested. The lecturers cannot give you examples of all possible
scenarios as these are endless. It is thus important that you understand the principles in order to
be able to apply them to any given situation. You cannot memorise scenarios either! It may take
longer initially to understand the principles but in the long-term you will save yourself a lot of time
and frustration and will always have that understanding – once gained, it cannot be taken away
from you!

d. Do not do your homework questions by applying the “Oh yes!” method, that is look at the question
and then at the answer and saying “Oh yes!”. You do not receive the suggested solutions together
with tests, so it is impossible to do that in a test situation. You must work through the questions
in detail as you would under test conditions – this means that you must work under time pressure
and should not look at the answer to prompt you, until you have completed the answer. You need
to make sure that you become “test fit” and doing the majority of your homework questions under
test conditions helps you to become “test fit” and also train yourself to be able to concentrate for
the duration of your longest test. If you need to calculate and amount and cannot, assume an
amount and carry on with the rest of the answer. Only once you have completed your answer,
should you look at the suggested solution. Your answer does not need to look exactly the same as
the suggested solution – it is after all a “suggested” solution.

e. It does not help to work out solutions to all the questions if you do not understand the principles.
You should rather make sure that you understand the principles first and that you know what you
should memorize such as disclosure requirements for accounting, before you do the questions so
that you can then confirm your understanding by applying these to answering the questions.

f. Stay up to date!!! Do your homework questions immediately and timeously and see the
lecturer/tutor immediately if you have a problem. You will receive a significant amount of
homework to do during the semester/year. If you leave this until you are about to write a test or
exam, it will not be possible to work through all homework questions then. Once you have done
a question whilst doing your homework during the semester, jot down the principles illustrated in
the question as well as the catches and things you got wrong at the top of your completed answer
sheet in a different colour pen. This is for future reference and for you to quickly check if you still
know the principles/catches/your weak spots contained in the question when you do revision. If
you are on top of the items mentioned, you do not have to do the question again, if not – look
again. If you do your homework regularly, the amount of work you need to do before a test or
exam will be reduced and you will be able to focus on topics that you are less comfortable with.
In this way, you will be able to revise effectively and efficiently.

6.2. Examples of the format of letters, emails, memoranda and reports

to clients

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Introduction

The presentation of answers to test and exam questions in specific formats may be important and
several marks may be awarded to these as part of our efforts to train you to be ready for the world
of work. Furthermore. communication is part of the AACSB competencies that we want to instil in
all our students.

To assist you, the possible formats that may be required as part of the answer to a question, are
illustrated in this section of the study guide. The guide aims at providing guidance on the approach to
be followed to address the format requirements of answers to test and exam questions.

1. Business letter / Letter to a client

Consulting Firm
PO Box 123
Address of issuing firm Johannesburg
2000
12 March 20…
Mr / Ms XXX
(Managing Director/Financial Director/HR Director) Name and title
XYZ Ltd
PO Box 456
Johannesburg Address of firm (recipient)
2000

Dear Sir / Miss / Madam Form of address

INQUIRY Descriptive heading

In relation to your inquiry regarding the procedures that should be followed please find attached in
Appendix A the recommendations of our firm.

Should you have any further inquiries, please contact us on 0XX XXX XXXX.

Yours faithfully
Closure and signature
C.O.N Sultant

Appendix A
Set out your answer to address the “required” part of the question here. By referring to an appendix,
you prevent yourself from forgetting to complete the letter and thereby losing unnecessary marks.

2. E-mail

To: F.I.N. [email protected]

From: C.O.N. [email protected] Details of parties

Subject: Inventory price inquiry Descriptive title

Dear Sir / Miss / Madam Form of address

© 2024 University of Pretoria FBS 122 12

Department of Financial Management

In relation to your inquiry regarding the price of the widgets supplied to you, please find attached in
Appendix A, the information required.

Should you have any further inquiries, please contact us on 0XX XXX XXXX.

Yours faithfully

C.O.N. Sultant

Appendix A

Set out your answer to address the “required” part of the question here. By referring to an appendix,
you prevent yourself from forgetting to complete the memorandum or e-mail and thereby losing
unnecessary marks.

© 2024 University of Pretoria FBS 122 12

Department of Financial Management

3. Memorandum

To: F.I.N. Director

From: C.O.N. Sultant Details of parties

Date: 18 April 20…

Subject:Inventory price inquiry Descriptive title

Dear Sir / Miss / Madam Form of address

In relation to your inquiry regarding the price of the widgets supplied to you, please find attached in
Appendix A, the information required.

Should you have any further inquiries, please contact us on 0XX XXX XXXX.

Yours faithfully

C.O.N. Sultant

Appendix A

Set out your answer to address the “required” part of the question here. By referring to an appendix,
you prevent yourself from forgetting to complete the memorandum or e-mail and thereby losing
unnecessary marks.

© 2024 University of Pretoria FBS 122 12

Department of Financial Management

4. Report

Report in relation to inventory count procedures of Title and content

XYZ Ltd for the year ended 31 December 20… Period covered

Consulting Firm
Author’s details PO Box 123
Johannesburg
2000

Date of report 26 January 20…

The Directors
XYZ Ltd Addressee of report

Dear Sir / Miss / Madam Form of address

In relation to your inquiry about the nature of the procedures to be followed at your annual price
comparison during the year ended 31 December 20…, please find attached in Appendix A to this the
report, the findings of our firm.

Should you have any further inquiries, please contact us on 0XX XXX XXXX.

Yours faithfully

C.O.N. Sultant Closure and signature

Appendix A

Set your answer to address the “required” part of the question here. A report is always preceded by an
introductory letter as illustrated above, and only then the report itself is presented. If the report is a
lengthy document, the report should start with a table of contents and a summary of findings, before
the detailed findings are discussed. By referring to an appendix, you prevent yourself from forgetting
to complete the report and thereby losing unnecessary marks.

© 2024 University of Pretoria FBS 122 12

Department of Financial Management

7. Rules of conduct for EMS students

Students in the EMS Faculty are likely move into the business world once they have completed their
studies at the University of Pretoria. As part of delivering well-rounded students to the job market, it
is important that UP students refine certain attributes that are deemed to be part of the make-up of
any successful business person. Where feasible, a number of these attributes need to be inculcated
by staff members in the departments in the EMS Faculty, by consistently applying the same
administrative and other rules when dealing with students. As these rules of conduct are deemed to
form part of leaners’ guides even though they may be handed out separately, it is assumed that all
students are aware of these and ignorance will thus not be accepted as an excuse.

CONDUCT RULES (GA = Graduate attribute expected of students in the EMS Faculty per S5009/20)
and appropriate AACSB Learning Goal.
1. Professional conduct and manners are expected when interacting with your lecturers in person, by e-
mail or by telephone. .GA: Social skills: Have good interpersonal skills, are able to communicate
competently with a range of people and communities in diverse social and cultural settings. GA Career-
related skills: Promote and adhere to high standards of professional conduct. AACSB: Communication
Learning Goal.
2. Professional conduct and ethical conduct are expected when liaising with outside stakeholders related
to your academic programme. GA: Basic values, skills and orientation to the world: Behave ethically
and with integrity, respect the humanity and dignity of others and eschew all forms of unfair
discrimination. GA Career-related skills: Promote and adhere to high standards of professional conduct.
AACSB: Ethics Learning Goal.
3. Please respect the consulting hours of lecturers and the time of your fellow students when consulting
with lecturers on a one-on-one basis or in class. GA: Social skills: Have good inter-personal skills and are
able to work collaboratively and co-operatively teams. GA: Basic values, skills and orientation to the
world: Are adaptable self-directed lifelong learners who function autonomously and confidently as
individuals and take responsibility for their own decisions and development. AACSB: Critical thinking
Learning Goal.
4. All correspondence (e-mail or otherwise) with the HODs and lecturers, must be done in an appropriate
format and tone. If not, the correspondence will be returned unanswered marked “format” or “tone”.
Queries will thus not be attended to, unless the format and/or tone of the correspondence are at an
acceptable professional standard. For examples of the appropriate format, refer to the formats of
correspondence included in this document. GA Social skills: Have good interpersonal skills, are able to
communicate competently with a range of people and communities in diverse social and cultural
settings. GA Career-related skills: Promote and adhere to high standards of professional conduct.
AACSB: Communication Learning Goal.
5. Students shall not be late for class, unless there is a valid reason for their being late. Being late for a
lecture indicates a lack of respect for the lecturer and fellow students. In addition, students who have
to leave a lecture period before the end of the lecture should advise the relevant lecturer before the
lecture commences that they will be leaving early. GA Career-related skills: Promote and adhere to high
standards of professional conduct. GA: Basic values, skills and orientation to the world: Are adaptable
self-directed lifelong learners who function autonomously and confidently as individuals and take
responsibility for their own decisions and development. AACSB: Communication and critical thinking
Learning Goals.
6. Students’ cell phones should be switched off and out of sight during lectures and tutor sessions, unless
these are used as part of the blended learning interventions. GA Career-related skills: Promote and
adhere to high standards of professional conduct. AACSB: Critical thinking Learning Goal.
7. Students are discouraged from misusing the procedures associated with sick notes. Nevertheless, when
appropriate, they are expected to hand in a sick note application form together with the required
supporting documentation AT EACH DEPARTMENT. The associated application form must be filled out
in its entirety and if not, sick notes will not be accepted and a zero mark will be awarded for the relevant
test or assignment. GA: Basic values, skills and orientation to the world: Behave ethically and with
integrity, respect the humanity and dignity of others and eschew all forms of unfair discrimination. GA

© 2024 University of Pretoria FBS 122 12

Department of Financial Management

Career-related skills: Promote and adhere to high standards of professional conduct. AACSB: Ethics
Learning Goal
8. Sick note application forms and associated documentation must be handed in within three working days
from the date of the test that was missed. Public holidays, Saturdays, Sundays and official university
recess days during a semester are not counted as working days. Late submissions will not be accepted
and a zero mark will be awarded for the relevant test. GA: Basic values, skills and orientation to the
world: Are adaptable self-directed lifelong learners who function autonomously and confidently as
individuals and take responsibility for their own decisions and development. AACSB: Critical thinking
Learning Goal.
9. To counter unethical behaviour, sick notes received will be validated by confirming their validity with
the issuing medical practitioner. If students are identified as having submitted fraudulent sick notes,
they will be handed over to the university authorities for disciplinary action and this could lead to
expulsion. GA: Basic values, skills and orientation to the world: Behave ethically and with integrity,
respect the humanity and dignity of others and eschew all forms of unfair discrimination. GA Career-
related skills: Promote and adhere to high standards of professional conduct. AACSB: Ethics Learning
Goal.
10. Students are expected to consider the resubmission of tests for additional marks carefully and are
expected to fill in the associated forms in their entirety and hand these in, accompanied by the relevant
test. Questions/answer books will be remarked in their entirety when handed in and students could
consequently lose marks previously awarded, when the entire question/answer book is remarked. GA:
Basic values, skills and orientation to the world: Are adaptable self-directed lifelong learners who
function autonomously and confidently as individuals and take responsibility for their own decisions and
development. AACSB: Critical thinking Learning Goal.
11. Fraudulent amendments to tests and examinations will not be tolerated and students guilty of this will
be handed over to the university authorities for disciplinary action and this could lead to expulsion or
suspension of credits for a specific module. GA: Basic values, skills and orientation to the world: Behave
ethically and with integrity, respect the humanity and dignity of others and eschew all forms of unfair
discrimination. GA Career-related skills: Promote and adhere to high standards of professional conduct.
GA: Basic values, skills and orientation to the world: Are adaptable self-directed lifelong learners who
function autonomously and confidently as individuals and take responsibility for their own decisions and
development. AACSB: Ethics Learning Goal.
12. All tests handed in for remarking must be handed in within three working days of the date on which the
tests were handed back in class and must be accompanied by the associated form. Public holidays,
Saturdays, Sundays and official university recess days during a semester are not counted as working
days. Applications for a remark will not be considered if handed in after the deadline specified by the
lecturers. GA: Basic values, skills and orientation to the world: Are adaptable self-directed lifelong
learners who function autonomously and confidently as individuals and take responsibility for their own
decisions and development. GA Career-related skills: Promote and adhere to high standards of
professional conduct. AACSB: Critical thinking Learning Goal.
13. All assignments must be handed in on time. If not, assignments will not be marked and students will
receive a Nil mark for the relevant assignment if handed in late. GA Career-related skills: Promote and
adhere to high standards of professional conduct. GA: Basic values, skills and orientation to the world:
Are adaptable self-directed lifelong learners who function autonomously and confidently as individuals
and take responsibility for their own decisions and development. AACSB: Critical thinking Learning Goal.

© 2024 University of Pretoria FBS 122 12