MAC3761/101/0/2025 Tutorial Letter 101/0/2025 Management Accounting III MAC3761 Year Module Department of Management Accounting IMPORTANT INFORMATION Please register on myUnisa, activate your myLife e-mail account and make sure that you have regular access to the myUnisa module website, MAC3761-25-Y, as well as your group website. Note: This is a fully online module. It is, therefore, only available on myUnisa. Define tomorrow UNISA (tsouth rica24 22 23 24 25 26 27 28 29 44 42 43 44 5.4 52 61 7A 84 82 83 84 841 842 CONTENTS Page INTRODUCTION 4 MODULE OVERVIEW. 6 Purpose 6 Outcomes 6 Pre-requisites and prior knowledge .. 9 South African Institute of Chartered Accountants (SAICA) proficiency levels 9 Recommended reading... 210 Joining myUnIsa ssn aM Study material sss A Discussion classes 4 Face-to-face tutors and e-tutors 12 CURRICULUM TRANSFORMATION LECTURERS AND CONTACT DETAILS. Lecturers. 13 Department ...ccnennesnannnen 13 College of Accounting Sciences 14 University RESOURCES. Prescribed books 14 Library services and resources STUDENT SUPPORT SERVICES .. First-Year Experience Programme... STUDY PLAN. Proposed study programme for the year 17 ASSESSMENT Formative assessments 0... 22 Accessing test question paper and submitting your answers 22 Rechecking your test results..... 22 ‘Summative assessment, 23 ‘Admission to the examination. 23 Examination 2384.3 84.4 845 84.6 85 94 92 10. "1. 12, MAC3761/101/0/2025 Subminimum requirements 23 Examination paper uesmennesenees 23 Previous examination papers and memorandums. 23 Supplementary examination oo... 24 The examination 24 Invigilation/proctoring... 24 ACADEMIC DISHONESTY 25 Plagiarism 25 25 26 26 26 Cheating STUDENTS LIVING WITH DISABILITIES. SOURCES CONSULTED. IN CLOSING.1 INTRODUCTION Dear Student Unisa is a comprehensive open distance e-learning (CODeL) higher education institution. The comprehensiveness of our curricula encapsulates a range of offerings, from strictly vocational to strictly academic certificates, diplomas and degrees. Unisa's "openness" and its distance eLeaming character result in many students registering at Unisa who may not have had an opportunity to enrol in higher education. Our CODelL character implies that our programmes are carefully planned and structured to ensure success for students ranging from the under-prepared but with potential to the sufficiently prepared. Teaching and leaning in a CODeL context involve multiple modes of delivery ranging from blended learning to fully online. As a default position, all postgraduate programmes are offered fully online with no printed study materials, while undergraduate programmes are offered in a blended mode of delivery where printed study materials are augmented with online teaching and learning via the learner management system - myUnisa. In some instances, undergraduate programmes are offered fully online as well Furthermore, our programmes are aligned with the vision, mission and values of the University. Unisa's commitment to serve humanity and shape futures combined with a clear appreciation of our location on the African continent, Unisa's graduates have distinctive graduate qualities which include: : being independent, resilient, responsible and caring citizens, who are able to fulfil and serve in multiple roles in their immediate and future local, national and global communities : having a critical understanding of their location on the African continent with its histories, challenges and potential, in relation to globally diverse contexts, . the ability to critically analyse and evaluate the credibility and usefulness of information and data from multiple sources in a globalised world with its ever- increasing information and data flows and competing worldviews : the know-how to apply their discipline-specific knowledges competently, ethically and creatively, to solve real-life problems : an awareness of their own learning and developmental needs and future potential MAC3761 is an online module and all study resources will be made available on myUnisa only. As an open distance e-learning institution, our primary mode of communicating with you is via myUnisa (using Learning units, Announcements, Discussion Forums, Additional Resources, etc.) and via e-mail. We use myUnisa as our virtual campus. This is an online system that is used to administer, document and deliver educational material to you and support engagement with you. Learning units are uploaded on myUnisa and you are required to go through these as part of your learning journey. The learning units guide you in terms of what you are required to cover for each section, supplementary notes and references to the textbooks that are prescribed for this module. To avoid missing important information and/orMAC3761/101/0/2025 announcements from both the institution and the lecturers, it is important that you frequently visit the module site on myUnisa The site for this module is MAC3761-25-Y, You are encouraged to log into the module site, MAC3761-25-Y, on myUnisa regularly (that is, at least twice per week). Because this is a fully online module, you will need to use myUnisa to study and complete the learning activities for this module. Make sure you set up a mylife e-mail account (Refer to Study@Unisa brochure - more information in section 6 below) and continuously check your myLife e-mails to keep up to date with your university activities. You are required to use your myLife e-mail account every time you communicate with us or with the University at large. E- mails sent from private e-mail accounts will not be responded to. Look out for information from your lecturer as well as other Unisa platforms to determine how to access the virtual myUnisa module site. Information on the tools that will be available to engage with the lecturer and fellow students to support your learning will also be communicated via various platforms. We wish you every success with your studies! MAC3761 lecturers2 MODULE OVERVIEW structure of the College of Accounting Sciences (CAS) within Unisa peer) = Department of| Cd Aaa pea) oa 24 Purpose This module is intended to equip students with specific competencies in financial management, management decision-making and control, strategy and risk management. The module will enable students to display integrated knowledge in these competencies, with pervasive skills, ethics and professional practice, and other accounting competencies. This module is designed to facilitate students’ acquisition of these competencies through knowledge of and engagement in relevant management accounting and financial management topics at the forefront of the field: an understanding of the theories, methods and techniques relevant to the field, and an understanding of how to apply such knowledge in a given context. 2.2 Outcomes The course syllabus is segmented into two main components, commonly referred to as “Costing’ and “Finance". The Costing component includes the following main topics: decision- making based on price setting and capacity utilisation information; decision-making based on budgeting and expenditure forecasting; Decision-making based on internal cost allocation and transfer pricing options; uncertainty, volatility or inaccuracy, and consideration of qualitative factors in decision-making; performance based on key performance indicators (KPI) and reward structures and offering incentives (SAICA, 2021). The Finance component includes strategy analysis and strategy development process; business models and business strategy; finance strategy; financing decision; investment decision; risk management, performance evaluation; business valuations and mergers and acquisitions (SAICA, 2021). Please visit myUnisa MAC3761 site for the learning units and topics covered in this module.MAC3761/101/0/2025 For this module, you will have to master several outcomes, including Apply techniques (e.g., target costing, value analysis and the product life cycle) to create solutions on alternative pricing options and capacity utilisations, by taking into account the implications of existing constraints; contribution per limiting factor (theory of constraints); applicability of basic principles of linear programming, and inter- relationships between constraints, where more than one constraint exists, Use effective and consistent modelling, planning and forecasting processes across business unit(s) to benchmark performance and trends for decision-making. Analyse the organisation's actual performance (using financial and non-financial information) against the budgeting and expenditure forecasting information to interpret variances for decision-making Evaluate costing methods (e.g., standard, marginal and absorption methods) and how they can be adapted to promote sustainability in the organisation's value creation process. Interpret material, labour, variable/fixed overhead and associated variances to inform decision-making Evaluate an organisation's transfer pricing systems and the effects of transfer prices. Perform sensitivity and scenario analyses on key variables affecting the financial outcome of the decision and interpret the result of the calculation Assess alternatives and recommend a course of action, considering both quantitative and qualitative factors, and whether the proposed decision is consistent with the organisation's strategic objectives and plans. Assess financial and non-financial key performance indicators (KPI) in business appraisal and evaluate the appropriateness thereof in reaching business objectives and creating value for stakeholders. Analyse and align the overall purpose of an organisation (to provide sustainable value to the organisation and its stakeholders) with its context, vision, mission, values, and mandates. Facilitate and advise on the strategy development process of the organisation. Assess the contextual influencers on an organisation's external and internal environment (also taking into account economic, industry, competition, market, social, natural, technology and political spheres) by using relevant strategic analysis tools, frameworks and models Identify and evaluate significant business risks, strengths, weaknesses, opportunities and threats associated with the organisation's external and internal environmentsReview the organisation's overall IT and data strategy (e.g., data quality, accessibility, interoperability and compliance with standards). Assess the business model (including disruptive business models) of the organisation in terms of its key building blocks and as a vehicle for the implementation of its business strategy. Evaluate how management changes impact on business strategy, other strategic plans, business plans and functional plans. Evaluate different growth strategies (e.g., organic, mergers and acquisitions, joint ventures, strategic alliances, divestment decisions) which the organisation could implement, taking cognisance of its overall objectives and the creation of value. Evaluate the organisation's finance plan in the context of its business needs, overall finance strategy and business strategy. Provide advice on cash management processes (analyse and evaluate cash flow and working capital), to ensure financial risks are managed or mitigated Evaluate possible sources of funding available to the organisation taking into consideration its size and stage of development (e.g., crowd sourcing for start-up businesses) and identify the most appropriate sources of funding to achieve its business strategies and objectives, including value creation for stakeholders. Recommend appropriate funding arrangements after consideration of related consequences, costs, benefits, implications for operational and future financing decisions and tax, and other legal implications. Analyse the manner in which an entity distributes cash or assets to shareholders by means of dividends or share buybacks and recommend the most appropriate method to distribute profits Use appropriate modelling techniques to estimate an organisation's cost of capital using an appropriate methodology. Assess and consider an optimal capital structure for the organisation (quantitatively and qualitatively) by challenging shareholder models and linking capital structures to value creation for stakeholders. Appraise major capital expenditure and investment decisions using appropriate capital budgeting techniques (large complex projects and expenditure relating to e.g., property, plant and equipment, and research and development) Assess ways in which capital rationing is managed (also consider complimentary investments vs mutually exclusive investments) in the context of the organisation's capital investment plan. Identify and evaluate the significant financial risks within an organisation, including interest rate risks, foreign exchange risks, funding risk and commodity risks.MAC3761/101/0/2025 * Analyse various derivative instruments to determine the optimal way to mitigate an corganisation’s financial risks. * Calculate and contrast appropriate valuation methods (e.g., asset-based approaches, multipier-based approaches, discounted cash flow, market-based approaches) to analyse and interpret a plausible range of values for a business unit or an organisation. + Analyse and evaluate the risks and financial implications of mergers, acquisitions and divestitures versus organic growth options for the organisation * Interpret and analyse management information taking cognisance of the organisation’s business objectives and external and internal environment (e.g., competitive, economic, social, political and internal factors (culture, incentives). + Perform financial analysis using appropriate techniques (e.g., financial ratio, discounted cash flow, value at risk), evaluate assumptions, interpret the results, benchmark and draw conclusions as to the organisation's present and forecast financial situation 2.3 Pre-requisites and prior knowledge To a large extent, this module builds upon prior knowledge you would have obtained from your second year (NQF level 6) of management accounting studies. The prerequisites for this module are MAC2601 (Principles of management accounting) and MAC2602 (Principles of strategy, risk and financial management techniques), and therefore, this module is designed on the premise and assumption that you have already completed these prerequisites (or their equivalents) and that you have achieved the necessary prior learning. MAC2601 and MAC2602 contents are thus assumed prior learning for MAC3761. MAC2601 and MAC2602 study resources are also posted on myUnisa, in the event that you need to revisit some principles already covered in second year management accounting 2.4 South African Institute of Chartered Accountants (SAICA) proficiency levels This module is primarily designed for students who intend qualifying as chartered accountants (CAs) with SAICA or as chartered global management accountants (with CIMA). To a large extent, the syllabus is designed to cover topics outlined in the SAICA’s competency framework The SAICA competency framework identifies and describes three types of professional competencies (professional values and attitudes, enabling competencies and technical competencies) that students should demonstrate in an integrated thinking manner. “The competency types cannot be developed or assessed in isolation and indeed it is where these competency types overlap that integrated thinking is achieved” (SAICA 2021:2). Students are expected to demonstrate competence at defined levels of proficiency (ranging from level 1 (foundational) to level 3 (advanced) in the context of the academic programme). The proficiency levels are illustrated in the Tables 1 to 3 below and are also indicated in each learning unit to provide study guidance.Table 1: Proficiency levels for professional values and attitudes 1 2 3 Foundational evel of competence Intermediate level of competence ‘Advanced level of competence Proficiency lee ae dinguished wi reference fo) tequency and (i) context Display professional values and attitudes: (Frequency ‘Oczasonaly ‘Aways under specific Grounstances [Aways unr al crcastancos ( Conert, Ina simple coried win ekaighfowed | nan easy understood corext wih Tn cficut cores wih complex stone stuatens andlor ereunstancas complexty imtedto specie stuatons | andor cteustances andlor creunstances| ‘Source: SAICA (2021:5), Table 2: Proficiency levels for enabling competencies (defined as acumens) 2 3 1 Intermediate level of ‘Advanced level of Foundational evel of competence competence competence Proiey loves ae dstingusted wih reference o-() ype of ask i ovo ask understancing, ij knowlege and Sis needed Tr task perfomance, (v) dependencies and (v leve of guidance Use ensbling competencies during task performance: @ tpeottask | Dumng tsk nvohement Torrie tasks and parorm tasks ona | To complete al sep nas prelmineylpresarator basis teat ot task | Displaying a basic vel oftask Displaying an iiemeriat vel oft | Delaying an advanced velo ish Understanding understanding (key ideas and pncples) | understanding (dead knowledge including | understanding (clear problem identification, some analysis! evabaton) ‘thorough ana) evaluation and useful reconmendatos ae made) (awed and | Using ited mowed ad sls needed Usig pe kroweige sources and 3s | negating mulipl inowedge sures and stils ned or | to grtorm tha task incerta areas andlimtedin cers to | sks inal areas, to perform a task task perfomance perform thetask dependencies | Maly ring on ier aos rater han | Relying en own aciorscorplemeried by | Rahing on own acions calerened by ‘on your own actions of oer or wtih imied or informal | actons of thers for wich formal responsi is caries responsi is cared (ioe of guidance | Obianing Feat gudincs (Obiaring mites gudanos ‘Obianing ite or no guidance ‘Source: SAICA (2021:5). Table 3: Proficiency levels for technical competencies (TCC COMPETENCIES 1 2 3 Foundational evel of competence Intermediate level of competence Advanced level of competence rsioy levels ae distinguished wit reference (evel of knowedgo oft subject mater, ve of aplcaon and (i) preblem song to aistngush proficiency levels. Display technical competence by ( Kaowodge Taerily and describe the ky eas =Deranstae a comprehensive Deronstale an i-deph owledge and dimension principles /furdemenial concep othe |” understanding of he fundamental concepts | rigorous understanding ofthe subject matter ‘subect mater [Technica expertise or of the subject mater eted knoweige not aquired] ‘Demonstrate mted understanding ofthe subject pearing to ronoutne stualons and exceptions Aapicaton Tdery & pain he sgcance and | App te knowedge wnera some datas | »Apaly tha knowledge where he datas dimension ‘elevance ofthe subject mate, and Provided in semi-structured fom andor | ~unsrutured andlor is dated from mutiple recognise thelinkages wih ober subject | deved fem a ited numberof sures. | sous. mat) Limite integra thinking is expects. | elntagated thinking is aquired. Tid Protem saving | Recognise ssoes when encourer and Prepare and Analyse solutions or spesiad_| Evalue soltons for specied and pick dimension seek futher depth guidance problems and appyng some judgement | problems - appng a hig degree of igo, andlor exerose sound judgement in making reconmendatons!formuling slvons ‘Source: SAICA (2021:6), Topics in the CIMA syllabus that are not covered in this module are dealt with in MAC3703 (Selected Accounting & Financial Management Techniques) 2.5 Recommended reading It is important for you to enrich your studies by reading as extensive and as broad as possible and to use other sources to supplement the prescribed textbooks. In the main, business newspapers, online business articles and updates will help you to gain a practical understanding of some of the concepts covered in this module. 10MAC3761/101/0/2025 2.6 Joining myUnisa myUnisa is an internet-based learning system (student portal) used by the University to facilitate learning and foster interaction between the University, the students, and the lecturers/tutors. Furthermore, it is also used to distribute additional study material to students. Students are also able to connect, communicate, discuss and engage with fellow students via myUnisa. You are therefore required to activate your myUnisa profile to avoid missing out on important information from the lecturers and helpful discussions and engagements on the module. To activate your profile, go to the University's website: https://www.unisa.ac.za and then click on the myUnisa (student portal for current students). This will take you to the myUnisa website. Click on Claim UNISA Login. You will then be prompted to enter your Unisa student number in order to claim UNISA Login details as well as your myLife e-mail login details. myUnisa is the official learning platform and you are required to visit the site continuously throughout your studies. On the site you can: . Check the Home page for any relevant information or updates. Refer to the home page for reminders on test dates and other relevant information. . Access Learning units for module study resources. Work through the leaming outcomes and learning units in studying for this online module. . Check for new Announcements. You can also set your myLife e-mail account to receive the announcement e-mails on your cell phone. However, please note that it is very important for you to still check for the announcements directly on the site on a regular basis and to not rely solely on the e-mails. . Check the Discussion Forum. You can share your thoughts on the different topics with the other students in your group. (However, take note that you are not allowed to post your answers to any of the assessments.) We will visit this forum only from time to time, and therefore you are encouraged to e-mail us directly should you need a quicker response from the lecturers. . Check the Additional Resources for any relevant information or updates. Refer to “Additional Resources” for items such as class notes, suggested solutions, test question papers and other additional material, posted from time to time, which might help you master this module. . Check Official Study Material. View and download tutorial letter 101 and question banks. For more information on myUnisa, consult the brochure, Study@Unisa (refer section 6 below). 2.7 Study material As mentioned above, MAC3761 is offered as an online module and therefore all study material will be available on myUnisa only (mainly under Learning units and Additional Resources) Please make sure that you access these resources as soon as you have registered so that you can start preparing for the year. 2.8 Discussion classes If applicable, information on discussion classes presented by lecturers will be communicated to you during the year via Announcements. "2.9 Face-to-face tutors and e-tutors E-tutor(s) may be available to offer you guidance on the module. More information on this matter will be communicated to you during the year. Face-to-face tutorial services may be provided at some of our regional offices. If you are interested, you need to contact your nearest Unisa Regional Centre to enquire if your region offers face-to-face tutorial classes. Region E-mail addresses Telephone number Eastern Cape [email protected] 043 743 9246 Gauteng Hub [email protected] 012441 5720 012.441 5724 012.441 5756 Sunnyside learning centre [email protected] 012.441 5751 012.441 5867 Florida Florida, [email protected] 011471 2111 Vaal [email protected] 016 455 6300 Ekurhuleni [email protected] 011 845 9330 011 845 9358 Johannesburg [email protected] 011 630 4509 KwaZulu-Natal [email protected] 031 335 1700 North Eastern Region Polokwane [email protected] 015 290 3413, Makhado [email protected] 015 516 3334 Giyani [email protected] 015 811 5886 Middelburg [email protected] 013 243 6900 Nelspruit (Mbombela) [email protected] 013 755 2476 013 756 0900 Midlands Rustenburg [email protected] 014 594 8812 014 594 8813, 014 594 8860 Bloemfontein [email protected] 051.411 0440 Kimberley [email protected] 053 830 4970 Kroonstad [email protected] 056 216 1968 Mafikeng [email protected] 018 391 0358 018 391 0360 Potchefstroom [email protected] 018 294 9051 018 294 9055 Western Cape General enquiries [email protected] 021 936 4114 Student Administration [email protected] 021 936 4115 Academic Support [email protected] 021 936 4114 Counselling [email protected] 021 936 4114 ‘Main library [email protected] 021 936 4114 Mobile library ‘[email protected] 021 936 4114 12MAC3761/101/0/2025 Region E-mail addresses Telephone number George [email protected] 044 884 1300 Ethiopia Student advisor [email protected] +251 936 812 181 Student advisor [email protected] +251 948 262 076 Student advisor [email protected] +251 938 487 101 Finance and operations [email protected] +251 930 310 092 Technology and ICT [email protected] +251 936 812014 Library services [email protected] +251 907 077 087 3 CURRICULUM TRANSFORMATION Unisa has implemented a transformation charter, in terms of which the university has placed curriculum transformation high on the teaching and learning agenda. Curriculum transformation includes student-centred scholarship, the pedagogical renewal of teaching and assessment practices, the scholarship of teaching and learning, and the infusion of African epistemologies and philosophies. All of these will be phased in at both programme and module levels, and as a result of this you will notice a marked change in the teaching and learning strategy implemented by Unisa, together with the way in which the content is conceptualised in your modules. We encourage you to embrace these changes during your studies at Unisa in a responsive way within the framework of transformation. 4 LECTURERS AND CONTACT DETAILS 4.1 Lecturers For effective and efficient turnaround on module-related queries, refer to the MAC3761 myUnisa site for the relevant lecturers’ contact details. Do not hesitate to contact the lecturers by e-mail, telephone or personally (by prior arranged appointment only) should you experience any specific problems with the content of this module. Always have your study material in hand when you contact the lecturers. Take note that enquiries about matters not relating to the content of the module (e.g., registrations, non receipt of study material, enquiries about examination dates, venues, etc.) must not be directed to your lecturers. These matters must, however, be directed to the appropriate departments regarding which you will find more information in section 4.4 below. Whenever you e-mail the module's mailbox, include your student number to enable the lecturer to assist you more effectively and speedily. Please use the module mailbox address for e-mail enquiries instead of lecturers’ personal e-mail addresses. 4.2 Department The Department of Management Accounting is situated in Muckleneuk, Pretoria (main campus) For department-specific queries, you can contact our departmental secretary on 012 429 4753. 1343 College of Accounting Sciences The contact information of the College of Accounting Sciences is set out below. The e-mail addresses are as follows: All enquiries: [email protected] Undergraduate: [email protected] Postgraduate: [email protected] CTA: [email protected] Website: https:/www.unisa.ac.za/cas 44° University To contact the University, follow the instructions in the brochure, Study@Unisa. Remember to have your student number available whenever you contact the University Study@Unisa web address: https://www.unisa.ac.za/sites/myunisa/default/Study-@-Unisa Website: http://www.unisa.ac.za OR mobi: http://mobi.unisa.ac.za Student enquiries: 0800 00 1870 Ethics Hotline: 0800 075 279 and [email protected] Contact addresses of the various administrative departments appear on the Unisa website: https:/www.unisa.ac.za/sites/corporate/default/Contact-us Please include the student number in all correspondence. 5 RESOURCES 5.1 Prescribed books You are required to have the following two prescribed textbooks for this module: Author/editor | Year __ Title Edition | Publisher ISBN Williams 2020 | Principles of management 3° | Oxford 9780190732639 et al. accounting — A South African University perspective Press Skae etal. [2023 | Managerial Finance 10" [LexisNexis | 9781776177608 (softback) 9781776177677 (e-book) A list of official booksellers and their addresses can be found in the Study@Unisa brochure. Take note: It is essential that you either acquire or have the prescribed textbooks at your disposal, as you will have to study them thoroughly and refer to them all the time. You must obtain the textbooks as soon as possible. 145.2 6 MAC3761/101/0/2025 Library services and resources The Unisa Library offers a range of information services and resources. The library has created numerous library guides, available at http://libguides.unisa.ac.za Recommended guides: + For brief information on the library, go to https:/mww.unisa.ac.zallibraryllibatglance + For more detailed library information, go to http://www. unisa.ac.za/sites/corporate/default/Library + Frequently Asked Questions, visit https://www.unisa.ac.za/sites/corporate/default/L ibrary/Frequently-Asked-Questions + For research support and services such as the Personal Librarian service and the Information Search Librarian's Literature Search Request (on your research topic) service, visit http://www. unisa.ac.za/sites/corporate/default/Library/\ibrary-services/Research- support. + For library training for undergraduate students, visit https://www.unisa.ac.za/sites/corporate/default/Library/Library- services/Training + Lending Services https:/www.unisa.ac.za/sites/corporate/default/Library/Library- services/Lending-services + Services for Postgraduate students - hitos:/www.unisa.ac.za/sites/corporate/default/Library/Services-for-Postaraduates + Support and Services for students with disabilities - hitps:/www.unisa.ac.za/sites/corporate/default/Library/Services-for-students-with- special-needs + Library Technology Support -https://ibquides.unisa.ac.za/techsupport + Finding and using library resources and tools - http:/libquides. unisa.ac.za/Research_skills + A-Z list of library databases — https://ibquides.unisa.ac.za/az php Important contact information: * Technical problems encountered in accessing library online services: Lib- [email protected] General library-related queries: [email protected] Queries related to library fines and payments: [email protected] Interlibrary loan service for postgraduate students: [email protected] Literature Search Service: [email protected] Social media channels: Facebook: UnisaLibrary and Twitter: @UnisaLibrary STUDENT SUPPORT SERVICES The Study@Unisa brochure is available on myUnisa: www.unisa.ac.za/brochures/studies Thi is brochure contains important information and guidelines for successful studies through Unisa. If you need assistance with regard to the myModules system, you are welcome to use the following contact details: * Toll-free landline: 0800 00 1870 (Select option 07 for myModules) + E-mail: [email protected] 15* Get started with your studies: https://www.unisa.ac.za/sites/myunisa/default/Study-@- Unisa/Get-started-with-your-studies © Unisa videos: https:/www.unisa.ac.za/sites/myunisa/default/Study-@-Unisa/Unisa- videos You can access and view short videos on topics such as how to view your calendar, how to access module content, how to view announcements for modules, how to submit assessments and how to participate in forum activities by visiting https://dtls- a.unisa.ac.za/course/view.php?id=32130 Registered Unisa students get a free myLife e-mail account. Important information, notices and updates are sent exclusively to this account. Please note that it can take up to 24 hours for your account to be activated after you have claimed it. Please do this immediately after registering at Unisa, by following this link: [email protected] Your myLife account is the only e-mail account recognised by Unisa for official correspondence with the university and will remain the official primary e-mail address on record at Unisa, You remain responsible for the management of this e-mail account. 61 First-Year Experience Programme Many students find the transition from schoo! education to tertiary education stressful. This is also true in the case of students enrolling at Unisa for the first time. Unisa is a dedicated open distance and e-learning institution, and it is very different from face-to-face/contact institutions. It is a mega university, and all our programmes are offered through either blended learning or fully online learning. It is for this reason that we thought it necessary to offer first-time students additional/extended support to help them seamlessly navigate the Unisa teaching and learning journey with little difficulty and few barriers. We therefore offer a specialised student support programme to students enrolling at Unisa for the first time — this is Unisa’s First-Year Experience (FYE) Programme, designed to provide you with prompt and helpful information about services that the institution offers and how you can access information. The following FYE services are currently offered: Referrals to ‘other support ‘services ‘2g. Courseling: Reading & writ ‘workshops 16MAC3761/101/0/2025 7 STUDY PLAN Read the information on general time management and planning skills contained in the Study@Unisa brochure. Plan your studies properly to achieve specific study goals at predetermined dates. In this way, you will avoid adopting a haphazard approach to your studies and using ineffective study techniques. Take the following into account when creating your own study programme for this module: a. Complete reading this tutorial letter. b. Study the contents of your prescribed textbooks in conjunction with the online learning units and tutorial letters. c. Write at least one of the four tests (formative assessments) during the year to receive examination admission (Refer to section 8.1 below). d. Formative assessments form an integral part of your learning experience and examination preparation. Therefore, invest the necessary time to work through the study material to prepare yourself for the assessments. e. After writing the test, continue with your study programme. Do not wait for the return of your test or for the suggested solutions. f. When your formative assessments are returned to you, work through the suggested solutions in conjunction with the test paper and your own answers. g. Toassist you, a generic study programme is provided. This programme is only for guidance; you are welcome to tailor the programme to suit your needs. You should also make allowance for the other modules you are registered for. It is important that the subject matter covered in each of the learning units is mastered and not just skimmed. If you happen to register late or fall behind with the below proposed programme, extra effort on your part will be necessary to catch up. 7.1 Proposed study programme for the year The Costing section will be covered in the first half of the year and Finance section will be covered in the second half of the year. The proposed study programme also contains information on learning units covered in each test. The first two formative assessments (Tests 1 and 2) will be based on Costing topics and the third assessment (Test 3) will be based on Finance topics. The fourth assessment (Test 4) will be an integrated assessment that will cover both Costing and Finance sections, The test dates are posted on myUnisa MAC3761 site under “Announcements”. This is a suggested study plan and can be tailored to suit one’s needs or strengths. The start and end date will also be affected by the time your registration is finalised and by when the final examination is written. Note that test dates will be uploaded on myUnisa. It is important for you 7to also build in sufficient time for revision and tests into your programme as soon as the test dates are available - the weeks indicated in the table below exclude revision and tests. You will have to ensure that you cover the relevant learning units before a test that covers these specific learning units. You will also have to ensure that you provide for enough revision time before the final examination. All learning units (LU) are assessed at the end of the year, but below it is indicated which LUs are assessed in each test. Minimum Week | Section | LU Learning unit description Noureg 01 | Costing | 01 | Cost classification and cost estimation 02:42 (Chapters 2 and 3) Practice questions: Chapter 2: BQ9; BQ10; LQ3; La4 Chapter 3: BQ3; BQ7; BOS 02-03 | Costing | 02 | Relevant costing 03:40 (Chapters 10 and 11) Practice questions: Chapter 10: BQ2 - BOS; BQ9; BQ13 - BQ14; LQ3 — LAS Chapter 11: BQ3; BQ8; LQ2 04 | Costing | 03 | Cost-volume-profit (CVP) relationships 01:27 (Chapter 4) Practice questions: Chapter 4: BQ1 — BQ3; BQ10; LQ3; LA4 05 | Costing | 04 | Budgets; planning and control 02:27 (Chapter 12) Practice questions: Chapter 12: BQ8; BQ9; LQ1; LQ3 06 | Costing | 05 | Variable (direct) and absorption costing O42 (Chapter 5) 1Q6 — BQY; BQ11; LQ1; LQ2; LAS 07 Costing 06 | Overhead allocation 02:30 (Chapter 6) Practice questions: Chapter 6: BQ3; BQ4; BQ6; BQ7; LQ1— LAS 08-09 | Costing | 07 | Standard costing 03:32 (Chapters 13 and 7) Practice questions: Chapter 13: BQ1; BQ3 - BOS; LQ1; LQ2; LQ4(a)-(b) 18MAC3761/101/0/2025 Week Section Lu Learning unit description Minimum Hours # 10 Costing 08 Process costing (Chapter 8) Practice questions: Chapter 8: BQ3; BQ9; BQ10; LQ3 01:15 1 Costing 09 Joint and by-product costing (Chapter 9) Practice questions: Chapter 9: BQ3 — BQ5; BQ7; LA1; LQ3 00:43 12-13 Costing 10 Performance management (Chapter 14) Practice questions: Chapter 14: BQ2; BQ3; BQ7; LA1; LQ3 01:35 415 Costing 1 Price setting (Chapters 10 and 15) Practice questions: Chapter 10: LQ6 Chapter 15: BQ1; BOQ4; BQ6; BQ8; LQ1; LQ2 01:37 16 Costing 12 Other ancillary topics (Chapters 16 and 17) Practice questions: Chapter 16: BQ1; BQ3; BOS; BQ6; LQ3 - LAS Chapter 17: BQ1 - BQ3; BQ7; LQ1 & LQ2 01:50 Revision Test 1 (Costing) - Learning units 01 — 08 Test 2 (Costing) — Learning units 01 - 12 Week Section Lu Learning unit description Minimum Hours # 7 Finance 13 Introduction to financial management (Chapter 1) Practice questions: Chapter 1: Q1-1; Q1-2 04:15 18 Finance 14 Strategy and business models (Chapter 2) Practice questions: Chapter 2: Q2-1 - Q2-4 03:35 19Week Section Lu Learning unit description Minimum Hours # 19 Finance 15 Risk management and governance (Chapter 3) Practice questions: Chapter 3: Q3-1; Q3-3 02:23 20 Finance 16 Sources and forms of finance (Chapter 7) Practice questions: Chapter 7: Q7-1; Q7-2 04:23 21-23 Finance 7 Capital structure and cost of capital (Chapters 1; 4; 5 and 10) Practice questions: Chapter 4: Q4-1 - Q4-3; Q4-5; 04-6 Chapter 5: Q5-1 - Q5-5 Chapter 10: Q10.1 Question Bank 002: 4.1; 4.10; 4.11; 4.12; 4.13; 4.14; 4.16 10:40 24 Finance 18 Working capital management (Chapter 8 — section 8.3.1.3 Liquidity ratios and Chapter 9) Practice questions: Chapter 9: Q9-1; Q9-3; Q9-5 Question Bank 002: 4.7; 4.8; 4.9 06:38 25-26 Finance 19 Treasury function (Chapters 15 and 16) Practice questions: Chapter 15: Q15-1 - Q15-6 Chapter 16: Q16-1 - Q16-3 07:00 27 Finance 20 Dividend decision (Chapter 14) Practice questions: Chapter 14: Q14-1; Q14-2 02:48 28-29 Finance 21 Reporting and performance analysis (Chapter 8) Practice questions: Question Bank 002: 4.1 — 4.6; 4.11; 4.21; 4.26 — 4.28; 4,33-4.42 04:20 20MAC3761/101/0/2025 Week | Section | LU Learning unit description aa Hours # 30-31 | Finance 22 | Capital budgeting 06:50 (Chapter 6) Practice questions: Question Bank 002: 4.1; 4.16 - 4.21; 4.30; 4.33; 4.34; 437 32-34 | Finance 23 | Business valuations 07:45 (Chapter 11) Practice questions: Chapter 11: Q11-3, Q11-4 Question Bank 002: 4.22 - 4.27; 4.29 - 4.33; 4.36; 4.38; 4.39 36 | Finance | 24 | Mergers and acquisitions 03:15 (Chapter 12) Practice questions: Chapter 12: Q12-1 - Q12-8 Question Bank 002: 4.23 — 4.25; 4.38; 4.39 Revision Test 3 (Finance) — Learning units 13 - 19 Test 4 (Integrated) — All learning units 01 - 24 FINAL EXAMINATION NOTES #This is the minimum time you should spend in going through the theory related to the topic (excludes practice questions and question banks). Additional practice questions can be found in the Question Banks for both Finance (QB002) and Costing (QB003). Some of the questions in QB002 and QB003 are also included in QB001 which is a printed version of both Finance and Costing questions. Refer to mappings of Question Banks questions to the relevant topics on myUnisa — note that these are just guidelines, and some questions may not be easily mapped to a particular topic. However, these should give you guidance on questions you can attempt from the Question Banks to address some topics. Note to students about mapping of Question Banks questions: By relying too heavily on mapping, one may deny oneself the opportunity to develop the skills of integration and distinguishing what topic(s) a particular question relates to. We would recommend that you attempt at least some questions in full and without referring to mapping documents. Where a subsection of a question relates to content that you have not studied yet, we suggest that you make a note to look at it (again) at a later stage, but it is important that you get exposure to integrated scenarios in which you need to identify what topic(s) are relevant. Remember that the MAC2601 and MAC2602 contents are assumed prior leaming, so you will have to build in revision time of these modules in your timetable as well if you do not feel fully comfortable with all the MAC2601 and MAC2602 contents. Please refer to “Additional Resources’ on myUnisa to access MAC2601 and MAC2602 study guides/learning units. 28. ASSESSMENT 8.1 Formative assessments Formative assessments for this module comprise of four (4) online tests. These are timed written assessments for between 2 and 3 hours. Each assessment (test) will be out of 40 to 60 marks and will cover the learning units outlined in the study programme for the year as outlined above in section 7.1. Both handwritten and typed answers are allowed as at the time of submitting this tutorial letter. Please check myUnisa for any changes to the scope of and other information about the assessments. The average of the best three tests (based on the highest mark obtained) will constitute the year mark. The year mark will weigh 30% in the calculation of the final mark of the module which will be made up us follows: ‘Assessment: Weight in calculation of final mark: ‘Average of 3 tests (year mark) 30% Final examination (summative assessment) 70% Total 100% If only one or two tests are written, the sum of the marks obtained in these tests will be divided by 3 to determine the year mark. PLEASE NOTE there are no special tests and no tests are scheduled for cases of sickness or any unforeseen circumstances. You need to ensure that you write at least three of the four tests during the course of the year. No sick letters or doctor's notes will be accepted or considered. PLEASE NOTE: > Details regarding, the dates, times and submission instructions will be posted on myUnisa. Not all of this information is available in the tutorial material and therefore it is of utmost importance that you always refer to myUnisa, Please note that the assessment method andjor format may be revised during the academic year to ensure academic integrity of the assessments is preserved. 82 Accessing test question paper and submitting your answers The test question paper will be uploaded on the CAS.myExams _ portal (cas.myexams.unisa.ac.za) on the day of the test. Once you have completed the test, you must then upload your answers electronically via CAS.myExams. Instructions on how to access, download the test question paper and upload your answers will be posted on myUnisa closer to the test date. 83 Rechecking your test results The mark plan will be made available on myUnisa after the test results have been released. A suggested solution may be made available before the results are released. The test and the feedback constitute an important part of your learning and should help you to be better prepared for the examination. Should you feel that marks were not awarded correctly during the marking process, you may follow the instructions provided in the Announcements. This normally 22MAC3761/101/0/2025 involves completing a Microsoft Form outlining sections in your answers where marks should have been allocated. Your request for remarking must be sent no later than the date communicated via Announcements. Late remarking requests will not be considered 8.4 Summative assessment 8.4.1 Admission to the examination To qualify to write the final examination, you must at least submit any one of the four online tests written during the year. If you do not write any of the MAC3761 online tests, you will not be allowed to sit for the module examination at the end of the year and we cannot make exceptions. 8.4.2. Examination As part of your attempt to successfully complete the module, you must write the final examination (summative assessment). You will write the final examination in the October/November examination period, and if unsuccessful and quality, write the supplementary examination in the January/February examination period. Refer to Study@Unisa brochure for general examination guidelines and examination preparation guidelines. 8.4.3. Subminimum requirements There are no subminimum requirements for exam admission. You do not need a certain year mark to qualify to write the final examination. However, for your year mark to be considered when calculating your final mark, a subminimum of 40% in the examination is required. Paragraph 5.4 of the Assessment Policy provides that the final mark of a student is a combination of the year mark and the examination mark, as in the manner shown in section 8.1 above. In the case where a student does not obtain the required subminimum of 40% in the examination, the year mark does not count - the final mark then is the examination mark obtained 8.4.4 Examination paper You will be expected to write a three-hour examination paper which is out of 100 marks. The examination will cover the entire MAC3761 syllabus and the paper will consist entirely of written questions. There will be no multiple-choice questions in the examination The questions in the examination will be of a standard similar to that of the questions asked in the activities in your tutorial letters, question banks, prescribed textbooks, year tests and/or other official study material of the module. All the questions must be answered 8.4.5 Previous examination papers and memorandums In accordance with the University Assessment Procedures Manual (paragraph 4.5.2e), the University will not make previous years’ memorandums and so-called “model answers" of previous examination papers available to students. Examination papers for the past two years, where applicable, will be made available on myUnisa (paragraph 4.5.2a). 238.4.6 Supplementary examination Based on the October/November examination results and subject to the University Assessment Policy, a supplementary examination will be provided in the January/February examination period following the aforementioned October/November examination period 8.5 The examination Examination information and details on the format of the examination will be made available to you online via the myUnisa site. Look out for information that will be shared with you by your lecturer and e-tutors (where relevant) and for communication from the university 8.5.1 Invigilation/proctoring Since 2020 Unisa conducts all its assessments online. Given stringent requirements from professional bodies and increased solicitations of Unisa’s students by third parties to unlawully assist them with the completion of assignments, tests and examinations, the University is obliged to assure its assessment integrity through the utilisation of various proctoring tools: Turnitin, Moodle Proctoring, the Invigilator App and IRIS. These tools will authenticate the student's identity and flag suspicious behaviour to assure credibility of students’ responses during assessments. The description below is for your benefit as you may encounter any or all of these in your registered modules: Tumitin is a plagiarism software that facilitates checks for originality in students’ submissions against internal and external sources. Tumitin assists in identifying academic fraud and ghost writing. Students are expected to submit typed responses for utilisation of the Tumitin software. The Moodle Proctoring tool is a facial recognition software that authenticates students’ identity during their Quiz assessments, This tool requires access to a student's mobile or laptop camera. Students must ensure their camera is activated in their browser settings prior to their assessments. The Invigilator “mobile application-based service does verification’ of the identity of an assessment participant. The Invigilator Mobile Application detects student dishonesty-by-proxy and ensures that the assessment participant is the registered student. This invigilation tool requires students to download the app from their Play Store (Google, Huawei and Apple) on their mobile devices (camera enabled) prior to their assessment. IRIS Invigilation software verifies the identity of a student during assessment and provides for both manual and automated facial verification. It has the ability to record and review a student's assessment session. It flags suspicious behaviour by the students for review by an academic administrator. IRIS software requires installation on students’ laptop devices that are enabled with a webcam, Students who are identified and flagged for suspicious dishonest behaviour arising from the invigilation and proctoring reports are referred to the disciplinary office for formal proceeding. Please note: You must refer to the module assessment information on MAC3761 site to determine which proctoring or invigilation tool will be utilised and for which assessment. For example, at the time 24MAC3761/101/0/2025 of submitting this tutorial letter, MAC3761 test and exam answers can be either handwritten or typed, as we are not currently using Turnitin. It is, however, critical that you stay abreast of the latest information on the module site about the invigilation/proctoring tools that the module uses and/or any changes therein 9, ACADEMIC DISHONESTY 9.1 Plagiarism Plagiarism: Plagiarism is the act of taking the words, ideas and thoughts of others and passing them off as your own. It is a form of theft, which involves a number of dishonest academic activities such as: cutling/copying and pasting from any source without acknowledging the source; not including or using incorrect references; paraphrasing without acknowledging the original source of the information. The Disciplinary Code that can be found in the Study@Unisa brochure is given to all students at registration. You are advised to read the Code, especially chapter 3, sections 1.18 and 1.19 Furthermore, read the University’s Copyright Infringement and Plagiarism Policy. * All your test and examination answers must be entirely your own work. You will receive 0% for your whole assessment if it is deemed that plagiarism has been committed in any part of the assessment and you may be subject to further disciplinary proceedings by the University PLAGIARISM DECLARATION By submitting any MAC3761 assessment, I declare that * Ihave read the Unisa Disciplinary Code, + I know what plagiarism is, that plagiarism is wrong, and that disciplinary steps can be taken against me if| am found to have plagiarised * This assessment, submitted by myself, is my own work and I have referenced all the sources that | used. + [have not allowed any other student to copy my work * [know that if | am found to be in violation of this declaration, | will receive 0% for the assessment involved and further disciplinary steps can be taken against me. Take note: You do not have to submit the declaration. By submitting any MAC3761 assessment, you automatically declare that you adhere to all the above with regard to the specific assessment. 9.2 Cheating Cheating includes, but is not limited to, the following: * Completing assessments on behalf of another student, copying the work of another student during an assessment, or allowing another student to copy your work ‘+ Using social media (e.g., WhatsApp, Telegram) or other platforms to disseminate assessment information. © Submitting corrupt or irrelevant files, this forms part of examination guidelines 25‘* Buying completed answers from so-called “tutors” or internet sites (contract cheating). For more information about plagiarism, follow the link below: https://www_unisa.ac.za/sites/myunisa/default/Study-@-Unisa/Student-values-and-rules 10. STUDENTS LIVING WITH DISABILITIES The Advocacy and Resource Centre for Student with Disability (ARCSWiD) provides an opportunity for staff to interact with new and returning students with disabilities. If you are a student with a disability and would like additional support or need additional time for assessments, you are invited to contact us at [email protected] and you will be connected to one of us to assist you. 11. SOURCES CONSULTED SAICA (2021) CA(SA) Competency Framework 2021 - Guidance on the content, development and assessment of competencies in the academic programme. Johannesburg. Available at: https://www.saica.org.za/initiatives/competency-framework/ca-of-the-future (Accessed: 27 June 2024), 12, IN CLOSING Despite care taken to ensure that tutorial letters, assessments and suggested solutions are comprehensive and free from errors, omissions and discrepancies may occur. Should you come across such matters, or matters that are not clearly expressed, kindly let us know so that we can affect the necessary corrections. Do not hesitate to contact us if you are experiencing problems with the content of this tutorial letter or with any academic aspect of the module. We wish you a fascinating and satisfying journey through the learning material and trust that you will complete the module successfully Regards MAC3761 lecturers Unisa 2025 26