UNIVERSITY OF NAMIBIA CENTRE FOR EXTERNAL STUDIES ...

Fundamentals of Accounting ACAFE3581NQA level: 5 Credits: 12 Module assessment: CA (50%) Examination (50%) - 1 x 3 hour paperPrerequisites: None Continuous assessment: 2 x tests (80%) plus 1 assignment (20%)Module description:The detailed contents are as follows: Introduction to the basic principles of accounting – nature and function of accounting andaccounting theory, the history and development of accounting, the statements of financial position and of comprehensive income and ofchanges in equity and its elements. Determining the information needs of different users, Collecting and processing accounting data, theaccounting cycle, designing source documents, Journalising, posting entries from journal to the ledger, Creating subsidiary ledgers andControl accounts and Compiling a trial balance before adjustments. Determining and recording adjustments. Recording closing entries,compiling a worksheet in the closing-off procedure and compiling a post-closing trial balance. Preparing financial statements for a soleproprietor, non-profit organisations and trading and service entities; the cost concept - determination of the Cost of Goods Sold (COGS).Creating a complete accounting system that will fulfil the requirements of a specific entity.Fundamentals of Accounting BCAFE3582NQA level: 5 Credits: 12 Module assessment: CA (50%) Examination (50%) - 1 x 3 hour paperPrerequisites: None Continuous assessment: 2 x tests (80%) plus 1 assignment (20%)Module description:The detailed contents are as follows: Introduction to the framework for the preparation and presentation of financial statements (FRW),financial position, financial performance, determining profit and preparing financial statements, accounting for current and non-currentassets – cash and cash equivalents, trade and other receivables, inventory, property, plant and equipment and other non-current assets,accounting for current and non-current liabilities. Introduction to VAT (Value Added Tax). Inventory systems.Principles of ManagementCMPP3579NQA level: 5 Credits: 16 Module assessment: CA 50% Examination 50% - 1x 3 hour paperPrerequisites: None.Module description:Students will be exposed to the various functions of management which are planning, organising, leading and control. Asmanagement forms part and parcel of our daily lives, students are expected to keep abreast with the latest developments interms of local and international media and how it impacts on businesses, looking at the social, economic, political and culturalenvironments. Additional topics to be covered in this module are: introduction to various forms of entrepreneurship, religion andbusiness world and business management, various economic systems, business counselling, coaching and networking. Aboveall students will be introduced to the history and evolution of the theories of management.Syllabi – Old curriculum (Year 3 – 4)All other syllabi:Auditing 1ACAUA3751NQA level: 7 Credits: 16 Module assessment: CA (50%) Examination (50%) - 1 x 3 hour paperPrerequisites: CAFE3631/2 Financial Accounting 1A and 1BModule description:The detailed contents are as follows: To introduce students to the basic audit theory and audit practice. This includes auditing conceptsand approaches as well as general accepted auditing standards. Topics to include: The need for Auditors, The role of Auditing inCorporate Management (as per the King Reports on corporate governance), The History and development of the Audit Profession,Procedures to regulate the profession and to set standards (Including SAAS 100, 200 and Code of Professional Standards), The Dutiesand responsibilities of the Professional Auditor in general and specifically with regards to fraud and error ( Auditors Act S 20),Fundamental Auditing, Concepts like: Audit Assurance (SAAS 120, 200, 240, 250); Audit Evidence (SAAS 500), Audit Materiality andRisk (SAAS 320, 400); Internal Control (SAAS) , 400); Different Audit Approaches, Quality Control for Audit work (SAAS 220);Documentation in an Audit Assignment (SAAS 230); An overview of the different, stages of an Audit (Planning (SAAS 210, 300, 310);Accumulation and evaluation of audit evidence and completion of the audit (SAAS 200, 240, 320, 400, 500, 700); Reporting on the auditof the Financial statements (SAAS 700).Auditing 1BCAUA3752NQA level: 7 Credits: 16 Module assessment: CA (50%) Examination (50%) - 1 x 3 hour paperPrerequisites: CAFE3631/2 Financial Accounting 1A & 1BModule description:62