School of Accountancy
Management Accounting 378
(10812-378)
Module Outline
2025
Last updated: 11 February 2025
Management Accounting 378 | 2025
Contents
1.
2.
3.
Introduction .......................................................................................................................................................... 4
1.1.
The purpose of the module framework ................................................................................ 4
1.2.
Module prerequisites ........................................................................................................................... 4
1.3.
Module outcomes .................................................................................................................................. 4
1.4.
Language of instruction ..................................................................................................................... 5
1.5.
Academic and Career advice ........................................................................................................ 6
Adminstration ..................................................................................................................................................... 6
2.1.
Module Head.............................................................................................................................................. 6
2.2.
Lecturers & additional information ............................................................................................ 6
2.3.
Divisional head .......................................................................................................................................... 7
2.4.
Groups ............................................................................................................................................................. 7
2.5.
Lecture times ............................................................................................................................................. 8
2.6.
Class free days and timetable changes ................................................................................ 8
Resources.............................................................................................................................................................. 8
3.1.
Prescribed textbooks ........................................................................................................................... 8
3.2.
Class notes................................................................................................................................................... 8
3.3. Suggested additional resources and literatureError!
defined.
4.
5.
6.
Bookmark
not
Learning methodology ................................................................................................................................ 9
4.1.
Method of instruction........................................................................................................................... 9
4.2.
Participation in module activities ................................................................................................ 9
4.3.
Tutorial classes ......................................................................................................................................... 9
4.4.
EMSLearn................................................................................ Error! Bookmark not defined.
4.5.
Consultation times and the use of the EMSLearn discussion forum............ 10
4.6.
Recordings and streaming............................................................................................................ 10
4.7.
Copyright.....................................................................................................................................................12
Additional assistance ..................................................................................................................................12
5.1.
Individual learning and assistance program (ILP).........................................................12
5.2.
“Hot seat” system ..................................................................................................................................12
5.3.
Structured Tutorials ............................................................................................................................13
5.4.
ASSISTANCE from external parties.........................................................................................13
Assessment for year modules .............................................................................................................13
6.1.
Assessment opportunities .............................................................................................................14
6.2.
Pass requirements ............................................................................................................................... 17
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Management Accounting 378 | 2025
7.
6.3.
Access to Assessment 3 (A3).......................................................................................................18
6.4.
Work covered per assessment opportunity ....................................................................18
6.5.
Turnover time/feedback ................................................................................................................18
6.6.
Handout of tests and appeal procedure.............................................................................18
6.7.
Rules when answering questions in assessments ..................................................... 19
6.8.
Dishonest actions................................................................................................................................ 20
6.9.
Moderation............................................................................................................................................... 20
6.10.
Other information in respect of assessments........................................................... 20
Additional writing time ...............................................................................................................................21
8. Entry requirements for Honours BAccounting (HONSBACC) / Postgraduate
Diplome in Accounting (PGDA) ......................................................................................................................21
9.
Professional communication skills ...................................................................................................21
10. Class representatives .................................................................................................................................21
11. Year Planner ..................................................................................................................................................... 22
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1. INTRODUCTION
1.1.
THE PURPOSE OF THE MODULE FRAMEWORK
This module framework contains important information regarding the content,
assessment and administration of the module. The module framework is a document that
is regarded as an agreement between the lecturer and student.
It is the student's responsibility to read through the module framework, course information
and relevant sections of the University’s Yearbook/Calendar (Part 1 and Part 10) to ensure
that he/she is familiar with the information provided.
Important: It may become necessary during the year to provide clarifications or make
other changes to the original module framework. It is thus imperative that students remain
abreast of any changes by regularly consulting their emails and the module’s EMSLearn
page.
1.2.
MODULE PREREQUISITES
Kindly refer to the Yearbook/Calendar (Part 10) for the detailed prerequisites for
Management Accounting 378.
1.3.
MODULE OUTCOMES
Management Accounting 378 seeks to develop the technical competencies related to
performance measurement, decision-making, financing decisions, investment decisions,
use of derivatives and business valuation (specifically C1 – C6), as detailed in the CA of the
Future competency framework. Moreover, Management Accounting 378 develops the
values and acumens detailed in the competency framework to the extent appropriate to
the contents being presented. This includes ethics, citizenship, life-long learning, business
acumen, decision-making acumen, relational acumen and digital acumen.
After you have been exposed to Business Ethics 214 in your second year of studies, you
have to be able to integrate ethical decision-making into the management accounting
case studies presented in Management Accounting 378 assessments. This means that the
work covered in Business Ethics 214 can be examined in any assessment of Management
Accounting 378, albeit only for a limited number of marks.
Management Decision-making & Control
Aims:
•
Cost management: Develop an understanding of the cost concepts and the application
thereof in the design, implementation and operation of costing systems;
•
Planning and control: Develop the ability to construct applicable performance
measures to measure and evaluate the performance of management and supply
information for management control;
•
Decision-making: Develop the ability to identify relevant information and to provide
information for decision-making and system design.
Outcomes:
After the successful completion of this module you will be able to:
•
Provide information to management of an organisation to determine the
manufacturing costs (product costs) of a unit for decision-making purposes, for stock
valuation in terms of IAS2 and cost management purposes;
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Management Accounting 378 | 2025
•
Provide information to management of an organisation for planning and control
purposes;
•
Provide information to management of an organisation to measure the performance
of management in a decentralised organisation;
•
Provide information to management of an organisation for decision-making purposes
by making use of appropriate decision-making techniques.
Rationale:
The management of a business enterprise requires information for the planning and
control of the operations, as well as for decision-making and cost management. A broad
knowledge base is required to be able to apply the concepts of cost management,
planning and control and decision-making. The purpose of the above-mentioned aims
and outcomes is to achieve such knowledge.
Financial Management
Aims:
•
Develop an understanding of the investment, financing and dividend decisions of an
organisation and its activities;
•
Develop the ability to make recommendations with the aim of responsible
management of an organisation by effective use of financial sources in line with the
strategic aims of the business enterprise.
Outcomes:
After completion of this module, students must be able to:
•
Identify and interpret the appropriate measures of performance, risk and uncertainty;
•
Advise on investment, financing and dividend decisions;
•
Apply the principles of financing when evaluating a business enterprise and financial
assets by making use of appropriate techniques;
•
Advise on the management of operating capital;
•
Advise on the changes in ownership of transactions;
•
Select and evaluate appropriate financial instruments for the effective limitation of risk.
Rationale:
Financial Management, in the context of strategic management, mainly deals with
investment and financing decisions. A basic knowledge level is required to apply the
concepts of technical and financial management. The purpose of the above-mentioned
aims and outcomes is to achieve such knowledge.
Please note: the specific learning outcomes for each of the topics covered in this module,
are included in each of the individual topic’s class notes.
1.4.
LANGUAGE OF INSTRUCTION
Management Accounting 378 is presented in English with simultaneous interpreting to
Afrikaans according to the language option as indicated in section 7.1.5 of the faculty’s
language implementation plan.
The following guidelines per section 7.1.5 of the implementation plan are applicable:
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Management Accounting 378 | 2025
•
All lectures are presented in English and the module makes simultaneous interpreting
of Group 1 lectures available in Afrikaans online. If two weeks have passed with no
students making use of the service in the module, it may be discontinued.
•
Learning opportunities, such as group work, assignments, tutorials and practicals
involving students from both language groups are utilised to promote integration
within programmes.
•
Students are supported in Afrikaans and English during a combination of appropriate,
facilitated learning opportunities (e.g. consultations during office hours or scheduled
tutorials and practicals).
1.5.
ACADEMIC AND CAREER ADVICE
Please consult your lecturer, module head or programme leader for academic and/or
career advice as they are best positioned to offer guidance on matters related to module
choices and future career trajectories. The Registrar’s division only deals with matters
related to your registration.
2. ADMINSTRATION
2.1.
MODULE HEAD
Name
Office
E-mail address
Telephone
number
Consultation
hours
021 808 9123
Refer to the
Module's
EMSLearn page
*
2088
Mr A Bishop
Van der Sterr
(VDS)
abishop@sun.ac.za
Mr A Bishop is the module head of Management Accounting 378. Any administrative
queries regarding this module must be directed to him.
2.2. LECTURERS & ADDITIONAL INFORMATION
Office
VDS
E-mail address
Telephone
number
Consultation
hours
Ms M Vermeulen
3087
vrmeulen@sun.ac.za
021 808 3407
Ms A Knoetze
3077
anetk@sun.ac.za
021 808 2856
Ms L Duminy
2102
lzeeman@sun.ac.za
021 808 3418
Refer to the
Module's
EMSLearn
page *
Name
* Each lecturer’s consultation hours are made available on EMSLearn. In view of the
ongoing health risk posed by face-to-face appointments, some meetings with lecturers
might be done via Microsoft Teams (‘MS Teams’). You are expected to make an
appointment with your lecturer in advance.
Physical address of the school: School of Accountancy, Van der Sterr Building, Bosman
Street, Stellenbosch
Names and contact information of temporary lecturers:
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Name
Office
VDS
E-mail address
Telephone
number
Consultations
Michaela Groenewoud
2064
groenewoudm@sun.ac.za 021 808 9122
Note
Ryan Landman
2064
landmanr@sun.ac.za
Note
021 808 9122
Note: The temporary lecturers are available for consultations on an appointment basis
only. Please email her to schedule such appointments. Email addresses will be made
available later.
2.3. DIVISIONAL HEAD
Prof S Nel is the Head of the Management Accounting division of the School of
Accountancy. You are welcome to discuss any unresolved problems with him. His contact
details are as follows:
Office: Van der Sterr 3109
E-mail: snel@sun.ac.za
Tel: (021) 808 3430
2.4. GROUPS
At registration, students will automatically be placed into a designated group. This
information is available on MySUN and EMSLearn and is important for your schedule.
Students must remain in these groups the entire year (due to venue sizes) and can only
change groups in highly exceptional cases, with permission from the module head.
However, if a student has to change groups due to a change in choice of language of
instruction, the student must change both his language option on MySun (Administration
– Personal information – Language preference for teaching) and send an e-mail to the
module head.
To avoid timetable clashes with other modules, the groups for each of the involved
modules are divided as follows:
• Group 1 (English with interpreting to Afrikaans):
• Group 2 (English):
• Group 3 (English):
All students studying in Afr
Eng students Surnames A – H
All BAccLLB students
Eng students; Surnames I - M
Eng students; Surnames N - Z
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2.5. LECTURE TIMES
Lectures will be presented on the following days and times during 2025:
Group
Day
Time
Venue
1
Monday
Wednesday
Thursday
Friday
11:00
08:00
09:00
10:00
Van der Sterr 1010
Van der Sterr 1032
Van der Sterr 1032
JS Marais 1002
2
Monday
Wednesday
Thursday
Friday
14:00
09:00
14:00
09:00
Van der Sterr 1032
Van der Sterr 1032
Van der Sterr 1032
Van der Sterr 1032
3
Monday
Wednesday
Thursday
Friday
15:00
10:00
11:00
13:00
Van der Sterr 1032
Van der Sterr 1010
Van der Sterr 1031
Van der Sterr 1010
Class attendance is compulsory.
2.6. CLASS FREE DAYS AND TIMETABLE CHANGES
Class free days
Only with regards to UNDERGRADUATE modules offered by the School of
Accountancy, it is the policy that there will be no classes on days that are the only day
between a public holiday and a weekend day, i.e. Mondays and Fridays. In 2025, class
exemption will be granted in respect of modules offered by the School of Accountancy
on the following date:
•
Friday 2 May 2025
Timetable changes
Please take note of the following timetable changes during 2025:
•
Thursday 17 April 2025 – follow a Friday timetable
•
Tuesday 29 April 2025 – follow a Monday timetable
3. RESOURCES
3.1.
PRESCRIBED TEXTBOOKS
•
Drury (2023): Management and Cost Accounting in South Africa. First Edition. London:
South Western Cengage Learning.
•
Correia, Flynn, Uliana & Wormald (2019): Financial Management. Tenth Edition. Cape
Town: Juta.
3.2. CLASS NOTES
Learning materials, as determined by the respective lecturer, (excluding the prescribed
textbooks) will be made available on the module’s EMSLearn page. Class notes can be
printed before the commencement of each topic and brought to class. Class notes do not
represent complete summaries of the prescribed work. It is only an aid to guide students
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and is incomplete due to the cryptic nature thereof. To successfully master the prescribed
course content, students need to make their own notes to supplement the class notes
provided.
Students are encouraged to keep their undergraduate notes for post-graduate purposes,
since the work follows on each other and reference will be made to previous years’ notes.
4. LEARNING METHODOLOGY
4.1.
METHOD OF INSTRUCTION
All lectures, tutorials and ILP classes will be presented live in the allocated venues in a
face-to-face format. Principles of adult learning, with an emphasis on blended learning,
will be applied. Methods of instruction include theoretical inputs, class discussions and
practical exercises. You are invited to participate interactively in this module and ask
questions in class whenever anything is unclear.
Please note that practical examples and news events may regularly be discussed in the
class that may not appear in the class notes. Please regard these class discussions as an
opportunity to expand your understanding and level of knowledge; and feel free to
participate in them. These discussions will form part of the prescribed material and are
thus examinable.
Certain sections of the prescribed material may be regarded as self-study and will be
indicated to you as such. Although this work will not be discussed in detail in class, it
remains an important part of the prescribed material and is thus examinable.
Management Accounting is an integrated subject, and you must take the integration with
other subjects into account when answering your questions. Think logically, practically
and wider than the textbook when you answer assessment questions or participate in
class discussions. Take aspects such as the business environment, economy, taxation,
accounting, information systems, legal principles, et cetera into account where applicable.
4.2.
PARTICIPATION IN MODULE ACTIVITIES
Stellenbosch University is a contact university that provides teaching through face-toface contact time complemented by an online learning management system (EMSLearn).
To ensure that you master the learning outcomes of this module, there is an expectation
that you keep up with the learning activities and actively participate in all components of
the module.
4.3.
TUTORIAL CLASSES
Tutorial classes are presented during the year on areas of work which are being lectured
at that stage during formal lectures. These classes are typically scheduled at the end of
an area of work, but is not a given. Lecturers will announce in class if a specific lecture is
planned as a tutorial class.
The aim with the tutorials is to afford students the opportunity to consolidate their
knowledge and grasp of the topics and to apply this knowledge within a certain
question’s context. The tutorials will mostly be presented in an interactive way in order to
guide students through difficult concepts and the application thereof.
For tutorial classes, students are expected to have their textbooks and notes with them,
as the emphasis will be placed on the application of knowledge and comprehension. It
will be the student’s responsibility to work along with the lecturer, ask questions and
answer questions during these sessions.
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4.4.
EMSLEARN
EMSLearn is an integral part of this module. It should be consulted regularly for resources,
communication (including marks) and learning activities. Please visit the EMSLearn page
and check your e-mails at least once a day.
4.5.
CONSULTATION TIMES AND THE USE OF THE EMSLEARN DISCUSSION FORUM
Each lecturer’s consultation hours are made available in the “lecturer & additional
information” section of this module framework. You are expected to make an appointment
with lecturers in advance.
The Discussion Forum function on EMSLearn should be used for all queries relating to the
course content of the module. The discussion forum enables peer-to-peer learning and
students are encouraged to answer each other’s questions. Peer learning and individual
student engagement are incredibly important in any learning environment. For this reason,
posts should not be addressed to the lecturers. It is not necessary to start and sign-off the
posts with formal greetings as one would with an email. If the query consists of multiple
questions, please number the questions. Questions posted on the Discussion Forum will
be answered in the language in which it was raised.
All queries not relating to the course content can be emailed to the lecturer. If a query
about course content is of such a nature that it is difficult to ask and / or answer on the
Discussion Forum, you are welcome to make an appointment with the lecturer.
E-mails to lecturers and queries on the Discussion Forum will be answered during office
hours within a reasonable time, taking lecturers’ other responsibilities into account.
Please note that the EMSLearn Discussion Forum is a public platform.
The Discussion Forums must therefore be used only in a professional manner at all
times. Assess the content and tone of the message similarly to how you would assess
that of a notification that you would want to place on a notice board on campus (for which
you would need the Student Representative Council stamp). No personal messages to or
regarding any student, lecturer or any other person may be placed on the forum.
In the light of this the School of Accountancy reserves the right to:
•
Remove any improper messages posted by students on the forum.
•
Refuse the use of the forum to students who post improper messages.
•
Take disciplinary steps against these students.
•
In extreme cases, deny access to the forum for a specific module or program.
4.6.
RECORDINGS AND STREAMING
In what follows:
• “recording” refers to any video and/or voice recording (including stills) captured on
any electronic device.
• “lectures” refer to formal scheduled or unscheduled lectures or sessions and any
related teaching and learning activity (e.g., tutorials, lecturer consultations) or any
part thereof.
In this module all lectures are presented in an in-person format. As a general rule, no
lectures will be live-streamed and/or recorded. Amongst others, the reasons for this
decision are as follows:
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1. The lecturers purposefully structure various learning opportunities.
The learning opportunities are structured in such a way that even if students miss
one of the learning opportunities (e.g. a lecture on a particular part of the course
work), there are further learning opportunities that students can make use of to
master the course work.
2. The lecturers noticed a substantial decline in student attendance when recordings
were routinely made available. The lecturers aim to achieve 100% class attendance
every week and want students to act in their own best interests by making use of
the synchronous face-to-face learning opportunities on offer. Based on the
lecturers’ collective experience, we know that making recordings available can
result in students disengaging from the module whereby they passively consume
learning material by watching recordings instead of actively participating in their
own learning process. Passive learning strategies will not work for this subject
especially at a post-graduate level.
3. Student attendance of face-to-face learning opportunities enables the
establishment of a learning community.
4. Student attendance of face-to-face learning opportunities enables the lecturers to
give their undivided attention to the students sitting in front of them and creates a
safe environment for active class participation.
5. Past student behaviour of “binge-watching” lecture recordings before scheduled
assessment opportunities are also a cause for concern. In the opinion of the
lecturers the provision of recordings can be detrimental to all students. To
successfully pass this module students need to work consistently throughout the
academic year by studying Management Accounting on the scheduled days
during the scheduled lecture times.
Students who schedule other non-academic activities during the formal lecture times are
not entitled to a recording of the lecture. Missing a lecture on account of an illness or any
other similar reason, also does not make a student entitled to a recording. The lecturers
will, however, assist students who missed lectures due to circumstances beyond their
control (e.g. on account of illness) and students are welcome to contact the relevant
lecturers in this regard.
The following rules apply in respect of recordings:
As noted above, recordings are not routinely made available for this module.
Recordings generated by SU lecturers:
The recording of lectures and the making available of those recordings are at the
discretion of the presenting lecturer who takes pedagogical and other factors into
account in exercising that discretion. A lecturer may decide not to generate recordings.
A lecturer may decide to not give his/her consent to recordings of him/her being
made.
•
•
Students will be informed if a lecturer intends to generate a recording. In the event
that a lecture is streamed, and that lecture is recorded, students can limit how they
are recorded by keeping their cameras and microphones off.
If a presenting lecturer chooses to generate a recording, the presenting lecturer
may use his/her discretion to decide if, how and when recordings are made
available for viewing. For example, the presenting lecturer may make the recording
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Management Accounting 378 | 2025
•
•
•
inaccessible to some or all students and limit the time the recording is available for
viewing.
Any recording generated by a lecturer is subject to strict license conditions and
is for students’ personal and private use only. As such, students may not
distribute or make any of these recordings available for distribution or viewing.
Students may not make screen grabs of any live-streamed lecture or recording or
any learning material.
Students may not alter recordings by adding or removing content or in any other
manner.
Recordings generated by students:
•
•
No student may generate a recording of a lecture.
No student may distribute or make any recordings of lectures available for
distribution or viewing, irrespective of whether those recordings were generated
by himself/herself or anyone else.
Contravention of these rules will result in disciplinary action and may result in legal action.
4.7.
COPYRIGHT
Stellenbosch University holds the copyright to all material in this module. Material which
is made available through EMSLearn may be subject to certain licencing conditions. You
may only use the material for your own private study and research at the University and
not for any other purpose. Printed material is also only made available for class discussion,
private study and research purposes. Further reproduction or distribution of such material
is prohibited. Contravention of these rules will result in disciplinary action and may result
in legal action.
5. ADDITIONAL ASSISTANCE
5.1.
INDIVIDUAL LEARNING AND ASSISTANCE PROGRAM (ILP)
The primary objective of the ILP program is to help students to pass the module and
ultimately achieve selection for BAcc honours or for the Postgraduate diploma in
accounting. The program consists of one additional lecture per week for each of the
professional subjects. More information on the program for 2025 will be given during the
first week of class.
ILP class times for Management Accounting 378 are as follows:
English
Wednesday
11:00
Afrikaans
Wednesday
14:00
Van der Sterr 1032
Schumann 104 (Sem 1)
Van der Sterr 1026 (Sem 2)
Please note: the ILP times and venues are subject to change. Any changes will be
announced during class and/or on EMSLearn.
5.2. “HOT SEAT” SYSTEM
The "hot seat" system attempts to provide additional assistance to all students, but is
specifically for students that take more time than can usually be expected from an
appointment with the lecturer. The assistance from the "hot seat" is aimed on the following
problems of students:
•
explanation and application of important principles underlying to the topic;
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Management Accounting 378 | 2025
•
mastering of assessment technique.
The focus of the "hot seat" is to assist students to master the principles of the work, rather
than to explain the detail or to replace class attendance. It is not the purpose of the "hot
seat" to replace lecturers’ consulting hours, but rather to encourage students to ask
questions and to discuss and understand the principles. The lecturer is responsible for:
•
answering detail questions with regards to technical aspects of the topic, class
examples/questions, etc.
•
any administrative arrangements for the module.
The temporary lecturer are available on appointment only.
Students are advised to inform the temporary lecturer of their questions or “struggle
areas” before the commencement of the session. If the student's query relates to a
question specifically dealt with in class, it is requested that the question be sent to the
temporary lecturer beforehand for preparation. This ensures that there is no valuable time
wasted during the consultation.
5.3. STRUCTURED TUTORIALS
The primary objective of structured tutorials is to encourage students to develop a habit
of continuous study throughout the term, to seek assistance when they experience
difficulties and to practice their examination technique. Structured tutorials are presented
by the temporary lecturer with guidance from module head.
Structured tutorials are 60 minutes long. During a structured tutorial, students attempt a
specific allocated question within the time limit of the question. This question will be
answered under test conditions, with no notes and only standards and acts which are
allowed in tests available for reference.
After the allocated time, the temporary lecturer will help the students mark their attempts
and discuss the question while demonstrating the appropriate exam technique.
Attendance of the structured tutorials may become compulsory based on your
performance in the module.
The structured tutorial scheduling is available on EMSLearn.
5.4. ASSISTANCE FROM EXTERNAL PARTIES
The School of Accountancy is aware that outside parties and senior students
provide independent extra classes, question papers of previous years and other
assistance to students at additional costs. Students can make use of this assistance at own
risk, but the School of Accountancy accepts no responsibility whatsoever for this and
recommends that students should rather make use of the additional help offered by the
lecturers of the School of Accountancy and other SU initiatives.
6. ASSESSMENT FOR YEAR MODULES
The Faculty’s Assessment Rules are available online at www.sun.ac.za/ems, under the
‘current students’ tab. Please watch the information video on your module’s EMSLearn
page and make sure you read the section on Assessment in the module framework
carefully.
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The faculty’s approach to assessment places the responsibility of learning with the
student. Therefore, you must make use of all available assessment opportunities as far as
possible and ensure you understand how assessment in the module works.
6.1.
ASSESSMENT OPPORTUNITIES
Main assessment 1 opportunities are summative assessment opportunities that are
usually formally scheduled, require preparation to complete and contribute to a student's
final mark.
In this module, A1S1, A2S1, A1S2, A2S2 and A3 are considered to be main assessments.
Assessments Further (AF) 2 opportunities are further summative assessment
opportunities that are internally scheduled, require preparation to complete and
contribute to a student's final mark.
Formative Assessments Further (FAF) 3 opportunities are formative assessment
opportunities where marks do not contribute to the calculation of the FM, but are vital in
providing feedback to students and lecturers on the progress made with learning and
teaching in a module at a given time.
Assessment 1 Semester 1 (A1S1)
Main Assessment
26 March 2025 at 14:00
15 %
Assessment 2 Semester 1 (A2S1)
Main Assessment
28 May 2025 at 14:00
20 %
Assessment 1 Semester 2 (A1S2)
Main Assessment
5 September 2025 at 14:00
20 %
Assessment Further (AF)
Semester 1:
Further Summative Assessment (EMSLearn Quiz)
28 April - 5 May 2025
2.5 %
Semester 2:
Further Summative Assessment (EMSLearn Quiz)
7 - 14 August 2025
2.5 %
Assessment 2 Semester 2 (A2S2)
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Main Assessment
27 October 2025 at 14:00
40 %
Assessment 3 (A3)
Main Assessment
20 November 2025 at 14:00
40 %***
It is the student’s responsibility to confirm the date and time of each main assessment
opportunity on the official University’s system (MySUN). The dates of AFS1 and AFS2 will
also be communicated on EMSLearn.
***
The weight of A3 can be affected by the following scenarios:
(1) Where a student completed all main assessments and fails after A2S2, A3
can be utilised to pass the module. In this case, A3 will have a weight of
40%.
(2) Where a student missed one main assessment, the weight of A3 is 40%.
(3) Where a student missed two main assessments, the weight of A3 is
calculated as the sum of the weight of the two missed main assessment
opportunities.
 i.e. missed A1S1 and A2S1, A3 will have a weight of 35% (15% + 20%)
 i.e. missed A2S1 and A1S2, A3 will have a weight of 40% (20% + 20%)
 i.e. missed A1S1 and A2S2, A3 will have a weight of 55% (15% + 40%)
 i.e.. missed A1S2 and A2S2, A3 will have a weight of 60% (20% + 40%)
1 Main Assessments
A1S1, A2S1, A1S2, A2S2 and A3 will take the form of tests written under formal test
conditions. The duration of each test is 3 hours and each test will consist of 100 marks.
A closed book assessment policy applies in Management Accounting 378. This means
that you are not allowed to take any textbooks or notes into the assessment venue with
you. No textbooks or notes may be used when writing the assessment.
5 minutes of reading time is given after the papers have been handed out, prior to the
commencement of writing time. During this time students are not allowed to write or
highlight on the paper. The reading time will commence at the official starting time of the
assessment, for example at 14:00.
2 Assessments Further
AFS1 and AFS2 will take the form of two EMSLearn online tutorials ("quizzes"): one in the
first semester and another in the second semester. If a student does not complete a AF
due to medical or any other reasons, a mark of zero will be awarded for the AF that is
missed.
3 Further Assessments Formative
As Management Accounting is not a theoretical subject, but rather an application subject,
there will be Further Assessment Formative opportunities during the year that will be
completed in or before class. These assessment opportunities assist students to stay up
to date with the work and assess their own performance and degree of understanding of
the subject matter.
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These formative assessment opportunities have proved to be a critical part of gaining an
understanding of Management Accounting and addressing exam technique challenges
early enough to enable students to take corrective measures before summative
assessments are undertaken. These challenges include communicating concepts clearly,
time management and how to approach a question. Formative assessments do not
contribute to your final mark; however, they are a critical part of any student's learning
process.
These formative assessments can take the form of prepared questions, clickers,
EMSLearn quizzes, class discussions and other assessment tools to enable students to
master the content and achieve the learning outcomes of the module.
Religious and cultural days: In addition to public holidays, during which the University
will be closed for business, no assessments will be scheduled on specific religious and
cultural days that are noted in the SU Almanac. If any main assessment is scheduled on a
religious or cultural day not included in the almanac, it is the student's responsibility to
request special arrangements. The following apply:
• For A2S1, A2S2 and A3 the Assessment Office will make the necessary arrangements
where possible. Visit the Examinations Office in Admin A in the course of the last two
class weeks of the semester.
• For A1S1 and A1S2 the school will make the necessary arrangements if it is feasible in
accordance with the arrangements usually made by the Assessment Office for A2S1,
A2S2 and A3. If a student wants to request special arrangements, they must contact
the lecturer at least two weeks before each assessment opportunity.
Clashes with assessments in other modules
Students are not allowed to register for courses for which assessments times clash.
Should you have an assessment clash with another course, you must make alternative
arrangements.
In the case of any of the main assessments clashing with another assessment, that is, the
two assessments are scheduled on the same day at the same time, please inform the
module head via email within the first week of classes (10 – 14 February 2025). The
following rules will be applied in such an event:
• Main assessments have priority over class assessments.
• Third year subjects have priority over first and second year subjects.
Note that the module head is under no obligation to make an alternative arrangement for
you.
Clashes that occur regarding A2S2 and A3 are administered by the examination office who
need to be consulted in this regard.
Calculation of final mark
The calculation of your final mark (FM) is based on a weighted formula. The formulas used
to calculate your progress throughout the semester and the marks will be made available
on SUNStudent. The formulas are as follows:
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MY (mid-year) marks are calculated after A2S1:
MY = (WAFS1/Wsum) AFS1 + (WA1S1/Wsum) A1S1 + (WA2S1/Wsum) A2S1,
where Wsum is the sum of the W-factors for the assessments you wrote.
MY is assigned only if you wrote at least one of A1S1 and A2S1.
MTD (mark to date) before A2S2:
MTD = (WAFs1/WMTD) AFS1 + (WA1S1/WMTD) A1S1 + (WA2S1/WMTD) A2S1 + (WAFS2/WMTD) AFS2 +
(WA1S2/WMTD) A1S2,
where WMTD is the sum of the W-factors for the assessments you wrote.
FM1 after A2S2:
FM1 = (WMTD/Wsum) MTD + (WA2S2/Wsum) A2S2,
where Wsum = WMTD + WA2S2.
FM1 is assigned only if you wrote at least two of the following three assessments, namely
A1S1, A2S1, A1S2, in addition to having written A2S2.
FM2 after A3:
FM2 = (WMTD/Wsum) MTD + (WA2S2/Wsum) A2S2 + (WA3/Wsum) A3,
where Wsum = WMTD + WA2S2 + WA3 if you wrote A2S2 and A3,
or Wsum = WMTD + WA3 if you wrote A3 and not A2S2.
FM2 is assigned only if you wrote at least three main assessments, of which at least one
is A2S2 or A3.
When calculating the MY mark, MTD or a FM using the formulas please note the following:
• Wsum is the total weight of all the assessment opportunities you completed. Even if you
missed main assessment opportunities. The total weight will at least be 1.
• For all missed main assessment opportunities, (A1S1, A2S1, A1S2, A2S2 and A3) the
weight of the relevant assessment will be reduced to zero in the mark calculation
formula (however wsum will never be less than 1).
• Your FM for the module is the highest of FM1 or FM2.
6.2. PASS REQUIREMENTS
Firstly, a valid FM of at least 50 is required to pass the module. To obtain a valid final mark
you must:
•
•
Complete at least one of A2S2 or A3
Complete at least three main assessment opportunities
If you do not obtain a valid final mark, you will fail the module.
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6.3. ACCESS TO ASSESSMENT 3 (A3)
Note that it is not necessary to submit medical certificates or any other documents for
missed assessment opportunities.
You have access to A3 if either of the following applies:
• If you completed all the main assessment opportunities other than A3 (A1S1, A2S1,
A1S2, A2S2, but have not obtained a FM of 50 or more, you have access to A3 in order
to improve your FM to 50.
• You missed one or two main assessment opportunities (A1S1, A2S1, A1S2, A2S2) for
whatever reason. In this case, a FM of 50 or more can still be obtained if you make use
of A3.
No further assessment opportunities will take place after A3.
If you passed the module after A2S2 and you have access to A3 (because you missed a
main assessment) you must inform the Registrar’s Office through the relevant procedure
on SUNStudent of your intention to use the A3 assessment opportunity. This notification
must be submitted by no later than 48 hours after the final marks after A2S2 have been
released.
Take note: If you are a final-year student and make use of A3, graduation will only be
possible in March/April of the next academic year.
6.4. WORK COVERED PER ASSESSMENT OPPORTUNITY
The prescribed work covered per assessment opportunity is as follows:
•
•
•
•
•
•
•
Assessment 1 Semester 1: All work covered in the first term.
Assessment 2 Semester 1: All work covered in the second term.
Assessment 1 Semester 2: All work covered in the third term.
Assessment 2 Semester 2: The entire syllabus is examinable.
Assessment 3: The entire syllabus is examinable.
AFS1: Will be announced on EMSLearn.
AFS2: Will be announced on EMSLearn.
The structure, composition and content of assessments are confidential. No lecturer will
discuss with or make available to students any information in this regard.
6.5. TURNOVER TIME/FEEDBACK
Due to the nature of the subject and the large number of students, we retain the right to a
window period of at least 4 weekends after the date of the assessment to complete the
marking process. This is to ensure that all assessment books are completely and
accurately marked and to maintain an adequate quality of marking.
6.6. HANDOUT OF TESTS AND APPEAL PROCEDURE
Handout of answer scripts
Details of handout sessions will be communicated through EMSLearn and will be in line
with Stellenbosch University, EMS Faculty and the School of Accountancy’s guidelines.
A2S2 and A3 scripts are not distributed to students. Opportunities for the discussion of
A2S2 and A3 scripts will be arranged in accordance with the rules set out in the
Stellenbosch University Yearbook/Calendar (General information and rules Part 1) for
2025.
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Remark queries
A complete solution/mark scheme will be made available to students on EMSLearn.
Remark queries relating to A1S1, A2S1 and A1S2 must be completed on the prescribed
remark query form (available on EMSLearn), placed inside the answer script. The deadline
for remark queries and where it must be handed in will be communicated on EMSLearn.
Remark queries relating to an AF must be sent via e-mail to the module head within one
week from the date that the AF marks were made available.
No remark queries will be accepted after the prescribed deadlines.
Please take note of the following risks when handing in remark queries:
• Questions in relation to which remark queries were submitted, may be remarked in full.
This may result in marks that were previously incorrectly allocated, being subtracted.
• A number of answer scripts are randomly selected and copied before they are made
available to students. These copies are then compared with remark queries in order to
identify any dishonest amendments to answers.
In accordance with the Stellenbosch University Yearbook (Calendar) Part 1 (General
information and rules) for 2025, no applications for re-evaluation (remark) of A2S2 or A3
scripts may be submitted.
6.7.
RULES WHEN ANSWERING QUESTIONS IN ASSESSMENTS
Ink
Students are allowed to write in indelible black or blue ink only. Answer scripts or parts
thereof that have been completed in pencil will not be marked. Refer to 'Rules: Student
conduct at assessments' under the chapter on University assessments in the
Yearbook/Calendar (Part 1).
Calculators
The calculator policy, as set out in the examination rules of SAICA, is applicable to this
module:
“Candidates may only use silent, electronic, battery-driven pocket calculators subject to
the following conditions:
• Calculators must be cordless, and may not have print-out facilities;
• Calculators that have a full set of alpha characters/keys are prohibited (thus NO
programmable calculators are allowed);
• Any financial calculator (that does not have a full set of alpha characters/keys) will be
allowed as the following tables will not be provided in any of the SAICA Qualifying
Examinations from January 2011:
o Tables of present value factors for various discount rates for varying periods; and
o Tables of future value factors for various interest rates for varying periods;
• The calculator function on mobile telephones or any electronic device (i.e laptops) may
not be used; and
• Candidates may not share a calculator with another candidate in the examination
room.”
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The Economic and Management Sciences Faculty recommends the use of the Hewlett
Packard 10BII. Other acceptable models exist, but students should be aware of the fact
that the lecturing in this module is specifically focussed on the HP 10BII. Contact your
lecturers responsible for the module if you are uncertain regarding the acceptability of a
specific calculator.
This module also does not provide tables for time value of money calculations during
assessments. Students who are uncertain about the calculator functions are advised to
revise their Theory of Interest course material and make use of their calculator manual.
Use of abbreviations
In accordance with the examination rules of SAICA, only official linguistic abbreviations
may be used and numbers or amounts MUST be written out in full (e.g. R2 000 000 or R2
million and NOT R2 000’), whether it be in numbers or in words.
6.8. DISHONEST ACTIONS
Any dishonest actions of a student related to assessments may result in disciplinary action
by the University against the student. This also applies to dishonest actions related to
online assessments, such as EMSLearn assessments (“quizzes”), where a student who has
answered the assessment and has received online feedback on it (i.e. the correct answer),
copies the feedback and distributes it to other students who still have to attempt the
assessment. This also extends to the remark process.
6.9. MODERATION
Moderation is the process during which the reliability, correctness and validity of A2S2
and A3 as well as the marking process and the results of a module is reviewed and
validated.
The moderators for Management Accounting 378 for 2025 are as follows:
Internal moderators
•
Mrs Corinna Kirsten CA(SA): Management Decision-making & Control
•
Mrs Carla Morris CA(SA): Financial Management
External moderator
•
Mrs Natasha Buitendag CA(SA)
6.10. OTHER INFORMATION IN RESPECT OF ASSESSMENTS
The assessment rules as set out in the University Yearbook, the assessment book folder
and in the assessment question paper will be applicable to all assessments.
Any student present in the main assessment venue and who received an assessment
question paper, will be awarded a mark for the assessment.
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7. ACADEMIC INTEGRITY AND THE USE OF GENERATIVE AI TOOLS IN THIS MODULE
Students are encouraged to familiarize themselves with Stellenbosch University's
Generative AI guidelines, available at www.sun.ac.za under TLA resources, AI in TLA, to
ensure responsible and effective use of AI tools in their academic activities.
8. ADDITIONAL WRITING TIME
The University’s management occasionally allows a student, as a result of medical
reasons, to obtain additional writing time during assessments. These candidates must
apply at the Administration Department and, if approved, an official letter will be issued
from the University stating any such allowances.
A1S2, A2S2 and A1S2
A copy of the afore-mentioned letter must be handed in to the assessment invigilator on
the day of each assessment (to which the letter applies) upon entering the assessment
venue.
A2S2 and A3
Should additional time be required for these assessments, arrangements have to be made
with the Examination Office directly.
9. ENTRY REQUIREMENTS FOR HONOURS BACCOUNTING
POSTGRADUATE DIPLOME IN ACCOUNTING (PGDA)
(HONSBACC)
/
The entry requirements for the abovementioned programs will be disclosed during the
year.
10. PROFESSIONAL COMMUNICATION SKILLS
Professional communication skills are an important characteristic of any accountant and
businessperson in general. SAICA also specifically emphasises communication skills,
including the assessment thereof. In the light of this the School of Accountancy requires
professional communication by students at all times.
Students who communicate with staff of the School in an unprofessional manner (verbally,
by e-mail or in EMSLearn) will be informed accordingly. If you require assistance in
improving your communication style, you can contact any of your lecturers or the
Language Centre of the University.
11. CLASS REPRESENTATIVES
A system of class representatives serves as the communication channel between
students and the School of Accountancy. Representatives will be chosen at the beginning
of the year by the students to represent the group.
Students are requested to discuss all problems with the lecturer in person or to bring it to
the attention of the class representative. The class representatives have the responsibility
to communicate all problems relating to the course on behalf of the group to the lecturer
or the independent lecturer. Ms S Kieviet is the independent lecturer of Management
Accounting 378 and her details are as follows:
Office: Room 2066, Van der Sterr Building
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Email: kieviets@sun.ac.za
Tel: (021) 808 2072
12. YEAR PLANNER
Financial Management and Management Decision-making & Control are lectured in
blocks during the academic year. Assessments will be divided between Financial
Management and Management Decision-making & Control.
Please refer to the preliminary year planner on EMSLearn to verify when areas of work are
being lectured. Please note that the year planner may be subject to change. Any changes
will be announced in class and/or on EMSLearn.
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