Preview

Accounting Fec-March 2011 Eng

Powerful Essays
Open Document
Open Document
4233 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Accounting Fec-March 2011 Eng
GRAAD 12

NATIONAL SENIOR CERTIFICATE

GRADE 12

ACCOUNTING FEBRUARY/MARCH 2011

MARKS: 300 TIME: 3 hours

This question paper consists of 19 pages and an answer book of 16 pages.

Copyright reserved

Please turn over

Accounting

2 NSC

DBE/Feb. – Mar. 2011

INSTRUCTIONS AND INFORMATION Read the following instructions carefully and follow them precisely. 1. 2. 3. 4. 5. Answer ALL the questions. A special ANSWER BOOK is provided in which to answer ALL the questions. Workings must be shown in order to achieve part-marks. You may use a non-programmable calculator. You may use dark pencil or blue/black ink to answer the questions.

Copyright reserved

Please turn over

Accounting

3 NSC

DBE/Feb. – Mar. 2011

6.

Use the information in the table below as a guide when answering the question paper. Try NOT to deviate from it. QUESTION 1: 35 marks; 20 minutes
The topic of the question: Learning outcomes covered: LO2 Managerial accounting AS3 Analyse and interpret a Cash Budget LO3 Managing resources AS6 Apply internal control and audit processes

Cash Budgets

QUESTION 2: 30 marks; 20 minutes
The topic of the question: Learning outcomes covered: LO1 Financial accounting AS4 Reconciliation and interpretation LO3 Managing resources AS5 Code of ethics AS6 Apply internal control and audit processes

Debtors' Reconciliation and Internal Control

QUESTION 3: 50 marks; 30 minutes
The topic of the question: Learning outcomes covered: LO2 Managerial accounting AS2 Production Cost Statement AS2 Income Statement AS2 Unit costs and break even LO3 Managing resources AS6 Apply internal control and audit processes

Manufacturing

QUESTION 4: 75 marks; 45 minutes
The topic of the question: Learning outcomes covered: LO1 Financial accounting AS1 Concepts AS5 Financial statements AS6 Analyse audit report LO3 Managing resources AS3 Interpret and report on asset disposal AS5 Code of ethics

Concepts and Interpretation of Financial

You May Also Find These Documents Helpful

  • Good Essays

    Let's start with a review of the three requirements of Part A of the Course Project. Explain why it is important to analyze each financial transaction of a business and to report it in the Accounting Information System. Sugges...…

    • 576 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Prepare written responses to the following case study from Ch. 4 of Managerial Accounting: Tools for Business Decision Making :…

    • 511 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    In this file ACC 300 Week 4 Learning Team Assignment - Managerial and Financial Accounting Paper you will find overview of the following parts:…

    • 426 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    4. __C___ On June 1, 2014, Portugal Inc. reported a cash balance of $12,000. During June, Portugal made deposits of $5,000 and made disbursements totalling $14,000. What is the cash balance at the end of June?…

    • 633 Words
    • 8 Pages
    Satisfactory Essays
  • Satisfactory Essays

    ACC 491 Syllabus

    • 1444 Words
    • 13 Pages

    This course is the first in a two-part series that deals with auditing a company 's financial reports, internal controls, and…

    • 1444 Words
    • 13 Pages
    Satisfactory Essays
  • Powerful Essays

    Global Electronics

    • 8642 Words
    • 35 Pages

    Brewer, Peter CView Profile; Juras, Paul EView Profile; Brownlee, E Richard, IIView Profile. Issues in Accounting Education18.1 (Feb 2003): 49-69.…

    • 8642 Words
    • 35 Pages
    Powerful Essays
  • Good Essays

    aat isys

    • 744 Words
    • 7 Pages

    The aim of this unit is to ensure that the learner will be able to make a considered evaluation of an accounting system, with particular reference to internal controls, ethical considerations and the prevention of fraud. They will be able to make recommendations for improvements supported by a clear rationale of the impact upon the organisation and a cost benefit analysis.…

    • 744 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Dementia Care

    • 4823 Words
    • 20 Pages

    You must understand your organisation’s policies and procedures before attempting to answer the learning outcomes…

    • 4823 Words
    • 20 Pages
    Powerful Essays
  • Good Essays

    Domestic violence is a behaviour used by one person in a relationship to control the other person. This violence includes emotional and physical assault, sexual abuse and stalking.…

    • 715 Words
    • 3 Pages
    Good Essays
  • Good Essays

    My personal view of helping someone is based upon my own past experiences for both myself and my observation of others. Person-centered therapy may not work as well with people who find it complicated to discuss issues about themselves or have a mental illness that misrepresents their perceptions of reality. However, I believe that Person Centered Counseling is an approach which emphasizes the clients responsibility to take control of their own experience. In this approach the client is given the tools and encouragement to make their own decisions and realize their own potential for growth. Person Centered Theories were developed by Carl Rogers. Throughout his years of experience working with clients it was Rogers goal to assist people feel influential and be in command of of their own lives.…

    • 570 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Ethics and Course

    • 1468 Words
    • 7 Pages

    This course is designed to integrate all three of these principles through the process of learning, practicing and applying knowledge in the area of business ethics. Students will gain knowledge and skills needed to understand basic accounting and its application in an ever-changing business environment through…

    • 1468 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Acca Per Questions

    • 5211 Words
    • 21 Pages

    Practical exPerience requirements (Per) challenge questions samPle answers 01 03 04 05 08 10 13 15 17 19 Demonstrate the application of professional ethics, values and judgement Raise awareness of non-financial risk Manage self Communicate effectively Improve departmental performance Prepare financial statements for external purposes Contribute to budget planning and production Evaluate potential business/investment opportunities and the required finance options Prepare for and collect evidence for audit Evaluate and compute taxes payable 6 7 8 10 12 13 14 15 16 17 4 5…

    • 5211 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    Law Related Topics

    • 2685 Words
    • 11 Pages

    Faculty of Economic and Management Sciences Department of Accounting Financial Accounting FRK 211 Exam session: Date: Duration: Total marks: Date of perusal: Internal examiners: 1st semester June 2012 8 June 2012 2 hours 80 marks 21 June 2012 Prof J E Myburgh Ms J S Goodey Ms N Pududu…

    • 2685 Words
    • 11 Pages
    Good Essays
  • Good Essays

    Power and light includes Rs 20,000 for general heating and lighting, which is an allocation based on the light points. Indirect labour is attributed mainly to the manufacturing of fans. About 75% of it can be dispensed with along with direct labour if manufacturing is discontinued. However, the supervisor who receives annual salary of Rs 75,000 will have to be retained. The machines used for manufacturing fans which have a book value of Rs 3,00,000 can be sold for Rs 1,25,000 and the amount realized can be invested at 15% return. Factory rent is allocated on the basis of area, and the company is not able to see an alternative use for the space which would be released. Should ABC Ltd. Manufacture the fans or buy them?…

    • 568 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Quality education is the goal of students, professors, and learning institutions. To achieve it, all of them are spending time, money and effort. Many techniques, approaches, and models were created in order to improve learning and teaching. It is also true in accounting education. In fact, several methods of teaching accounting courses were already made. We have the traditional method of teaching, where in the lecturer focus on the resources available to the students, and it is good but there is still room for improvement. As compared to a traditional method of teaching, it is found that outcome based learning offer a new and exciting way of understanding business and accounting knowledge.…

    • 571 Words
    • 3 Pages
    Satisfactory Essays