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Unisa Short Learning Programmes
Course in Fundamental Accounting (70866)


The objective of this course is to equip a student with bookkeeping and basic financial reporting skills applicable to the preparation of a full set of bookkeeping records and the financial reports of a sole proprietorship, company and non-profit organisation - statements of cash flows excluded.  


After the successful completion of this course, in terms of bookkeeping, a student should be able to complete the books of prime entry from source documents, post journal entries to ledger(s), calculate and record adjustments, record closing entries, and prepare pre- and post adjustment trial balances. Specific attention is given to the calculation and recording of value-added tax, the preparation of bank reconciliation statements, the application of periodic and perpetual inventory systems, the preparation of debtors and creditors control accounts, and debtors and creditors ledgers. In terms of financial reporting, attention is also given to the preparation of financial reports from incomplete records. In addition, a student should be able to prepare cash budgets. 



Target group

Individuals interested in a career in the fields of bookkeeping and basic financial reporting, or those students who intend furthering their academic tuition towards obtaining a degree in Accounting at UNISA. Provided that you comply with the university admission requirements, this course grants exemption from FAC1502, a UNISA undergraduatemodule in financial accounting. 




Admission requirements

A South African National Senior Certificate(with or without university exemption) or an equivalent NQF level 4 matriculation qualification. Accounting or mathematics at matriculation level is not required for the Course in Fundamental Accounting. 



One academic year 

Language medium


Registration periods

The course comprises two modules, namely FUAC02F and FUAC03G. You can only register for one module (either for FUAC02F or FUAC03G) at a time, and for FUAC03G only after having passed FUAC02F .The registration period for the first semester in 2017 for either of the two modules commences on 1 December and closes on 5 February. Bear in mind that no registration activities will take place from 15 December 2016 to 1 January 2017.  


The registration period for the second semester for either of the two modules commences on 1 May and closes on 30 June. New FUAC02F students will not be registered during May/June if the number of students does not deem the presentation of the module for new students economically feasible. The FUAC03G registrations will proceed regardless of the number of registrations received, and all FUAC02F students who are re-registering will be registered.  




Tuition method

This course is lectured by means of distance education. Communication with lecturers and fellow students occur throughout the study periods via a study guide, tutorial letters, the internet and per telephone. 

Kind of assessment

Two assignments per module of which Assignment 1 of each module is compulsory. 

Formative assessment 

Both assignments per module will contribute in equal proportion to a year mark. 

Summative assessment 

One two-hour examination paper per module. 


A student must obtain a final mark of at least 50% to pass a module. 10% of the year mark (the year mark is determined by the average of the two assignment marks obtained per module) and 90% of the mark obtained in the examination is used to calculate a final mark. 

Introductory bookkeeping and reporting (FUAC02F)
Syllabus/Content Topics

Study guide: 

Introductory Bookkeeping and Reporting 

  • The nature and function of accounting 
  • The nature of accounting theory 
  • The financial position 
  • The financial result 
  • The double-entry system 
  • The accounting process 
  • Processing accounting data 
  • Adjustments 
  • The closing-off procedure, determining of profit, and preparation of financial reports 

NB: FUAC02F is a prerequisite for FUAC03G. 

Intermediate bookkeeping and reporting (FUAC03G)
Syllabus/Content Topics

Study guide: 

Intermediate Bookkeeping and Reporting 

  • Cash and cash equivalents 
  • Trade and other receivables 
  • Inventory 
  • Property, plant and equipment 
  • Other non-current assets and financial instruments 
  • Current liabilities 
  • Non-current liabilities 
  • The financial reports of a sole proprietorship 
  • The financial reports of a company 
  • Non-profit organisations 
  • Incomplete records 
  • Planning and control (cash budgets) 


Course leader

Academic and administrative enquiries:  


Ms A Rehwinkel MCom (Accounting) (UP)  

Discipline expertise: Financial Accounting  

Department of Financial Accounting  

Office AJH van der Walt-building (Muckleneuk campus, Pretoria), office number 2-61 

Tel: 012 429 4090012 429 4090  

E-mail: or 



Ms M Evans   

Discipline expertise: Financial Accounting  

Department of of Financial Accounting 

Office: AJH van der Walt-building (Muckleneuk campus, Pretoria), office number 2-55  

Tel no:012 429 8606012 429 8606