Assignment | Eduvos 2024/10/25, 06:23

Eduvos (Pty) Ltd (formerly Pearson Institute of Higher Education) is registered with
the Department of Higher Education and Training as a private higher education
institution under the Higher Education Act, 101, of 1997. Registration Certificate
number: 2001/HE07/008.

Date: Friday, 25 October 2024, 6:22 AM

Accounting 2B Assessments
Assignment

1. Assignment

Faculty: Commerce and Law

Module Code: COAGB2

Module Name: Accounting 2B

Content Writer: Janine Daniels

Internal Moderation: Community of Practice

Copy Editor: Xolisile Mkhasibe

Total Marks: 100

Task 1: Week 3
Task 2: Week 4
Submission:
Presentation: Weeks 6 and 7

This module is presented on NQF level 6.

5% will be deducted from the student’s assignment mark for each calendar day the assignment is submitted
late, up to a maximum of three calendar days. The penalty will be based on the official campus submission
date.

Assignments submitted later than three calendar days after the deadline or not submitted will get 0%. [1]

This assignment contains two tasks.

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Task 1 must be completed individually.

Task 2 must be completed in a group.
Groups should consist of 3 – 4 members.

This assignment contributes 20% towards the final mark.

[1] Under no circumstances will assignments be accepted for marking after the assignments of other students have been marked and returned to

the students.

2. Instructions to Students

1. Please ensure that your answer file (where applicable) is named as follows before submission: Module
Code – Assessment Type – Campus Name – Student Number.
2. Remember to keep a copy of all submitted assignments.
3. All work must be typed.
4. Please note that you will be evaluated on your writing skills in all your assignments.
5. All work must be submitted through Turnitin. The full originality report will be automatically generated
and available for the lecturer to assess. Negative marking will be applied if you are found guilty of
plagiarism, poor writing skills, or if you have applied incorrect or insufficient referencing. (See the
"instructions to students" book activity before this activity where the application of negative marking is
explained.)
6. You are not allowed to offer your work for sale or to purchase the work of other students. This includes
the use of professional assignment writers and websites, such as Essay Box. You are also not allowed
to make use of artificial intelligence tools, such as ChatGPT, to create content and submit it as your own
work. If this should happen, Eduvos reserves the right not to accept future submissions from you.
7. One group member should be nominated to submit the assessment on behalf of the group. Multiple
submissions by various group members will result in an inflated similarity index on Turnitin.

3. Section A

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Assignment | Eduvos 2024/10/25, 06:23

Section A

Learning Objective

Understand the statutory requirements needed by an auditor within the audit process.

Assignment Topic

Statutory requirements within the audit process

Scope

AC 1.1 Explain the concept and context of corporate governance.

AC 1.2 Identify and explain selected sections in the Auditing Professions Act.
AC 1.3 Identify and explain sections in the Companies Act that relate to the auditing profession.

Technical Aspects

This is an individual task.

A memorandum format and layout must be used.

Marking Criteria

Marks will be awarded as follows:

The details of the event - 3 Marks

The Companies Act, King Code and/or regulatory requirements - 3 Marks
Discussion of reportable irregularity - The following must be included:
Was the act committed by management? - 2 Marks
Was the act unlawful or was there an omission? - 2 Marks
Did the act result in material financial loss? - 2 Marks
Was there fraud or theft? - 2 Marks
Was the act a material breach of fiduciary duty? - 2 Marks
Conclusion - 2 Marks
Memorandum format and layout - 2 Marks

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3.1. Task 1

Task 1 20 Marks

Statutory Requirements within the Audit Process

Search the media for a recent case where there was non-compliance with or a contravention of

The Companies Act 71 of 2008, and/or

The King IV Code, and/or
Other laws and regulations.

Write a memorandum to the management of the company involved, in which you discuss the following:

1. The details of the event

2. The Companies Act, King Code and/or regulatory requirements relating to the case
3. Whether a reportable irregularity exists

(20 Marks)

End of Task 1

4. Section B

Section B

Learning Objective

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Analyse the management control systems of a business.

Assignment Topic

Risks and Controls

Scope

AC 2.1 Identify the different components of business risk.

AC 2.2 Analyse the control systems in place in a business.

Technical Aspects

This is a group task.

Flowcharts can be created in Microsoft Word or a similar application.
Microsoft PowerPoint or a similar application is needed to create the presentation.
The presentation must be delivered in class during a time communicated by the lecturer.
The presentation must not exceed 15 minutes.

Marking Criteria

See Section C.

4.1. Task 2

Task 2 80 Marks

2.1 Explore the accounting information system and internal controls of a company of your choice.

2.2 Choose one of the following business processes to report on:

a. The revenue and receipts (sales and collection)

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b. The purchases and payments (acquisitions and payments) cycle

2.3 Provide an illustration of the cycle by means of a flowchart.

2.4 Give an overview of the following:

a. Description of the company and industry (The company's identity should be protected, an alias may be
provided.)

b. The products/services offered

c. The procedures and sources of information you used to obtain an understanding of the accounting
information system and internal controls of the company

d. The various functions/activities within the cycle

e. Documents used in the cycle

f. Control procedures/activities

g. Control weaknesses

h. Risks of fraud and error

End of Task 2

5. Section C

Section C

Mark Allocation for Presentations

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Criteria Description Percentage Contribution/Mark

range

Captured the attention of the audience

Introduction 5% (0 – 4 Marks)
Preview of presentation presented
Table of contents

Preparation apparent
Practice apparent
Preparation and
Each member contributed equally to the 5% (0 – 4 Marks)
organisation
assignment
Project well organised
Easy to follow

Did the group show creative thinking in the

method of development and presentation?
Did the group get the audience involved in
“learning” the material?
Creativity and
Group members made eye contact, 5% (0 – 4 Marks)
presentation style
showed enthusiasm, knew the material,
used few notes, and did not read them to
us.
Language used was appropriate and
clear.

Is the content of good quality?

Did the group show an understanding of
Assignment
the accounting information system and 75% (0 – 60 Marks)
objectives
internal controls applied at the company?
Did the presenters give clear and concrete
descriptions, explanations, and examples?

Alphabetical list of references.

Bibliography 5% (0 – 4 Marks)
Correct referencing for different sources.
Number and quality of works consulted.

Met time requirements.

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Overall presentation Knew how to use equipment. 5% (0 – 4 Marks)

Everyone could see, visual aids were
large enough and looked professional.

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