HFAC231- Financial Accounting Assignment Answers

QUESTION 1 (35 marks) Fastfoods (Pty) Ltd is a producer and retailer of nutritious ready-made meals based in the Western Cape. The company produces a wide range of frozen foods, meal kits, and craft pizzas which are sold on their online store and delivered to customers across South Africa. You are provided with the statement of profit or loss and other comprehensive income and trial […]

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An Overview of Talent Management in Higher Education Assignment Answers

Institutions Literature shows that talent management is relatively new in universities despite its relevance for these institutions in offering a practical way of achieving a competitive edge. In a research study conducted by Rudhumbu and Maphosa (2015) in Botswana, it was found that talent management practices utilised in tertiary education institutions in this country are still lagging behind because the knowledge and capability to apply […]

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Work Integrated Learning: Bachelor (HWBLW330-1) Assignment Anwers

Question 1: SPENCER ATTORNEYS, NOTARIES CONVEYANCERS LAW FIRM, Spencer Attorneys, Notaries & Conveyancers Law Firm is a full-service law firm and a legal company that is situated in Tygervalley, Western Cape. A strong team of twenty (20) attorneys and ten (10) devoted support staff members make up this modest business. The firm prides itself on its great customer service and satisfaction. They offer legal services, […]

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Constitutional Law (HCONL330-1) Assignment Answers

Question 1: “When it came to interpreting and applying the general limitation clause, most commentators expected the Constitutional Court to follow the sequential and structured approach adopted by the Canadian Supreme Court in R v Oakes. In its seminal decision in S v Makwanyane, however, the Constitutional Court rejected this approach and adopted a singular global approach in terms of which certain factors are considered. […]

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Environmental Law (HLWE230-1) Assignment Answers

Question 1: “The Game Theft Act 105 of 1991 overrides the res nullius common law status of game by conferring ownership on the landowner if the game in question have been adequately enclosed by a game fence.” However, it has been submitted that “climate change has serious implications for continued ownership of escaped wildlife as well as for the implementation of adaptive strategies to mitigate […]

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Labour Law (HLLW330-1) Assignment Answers

Question 1: “Employees suffering from mental health issues either directly or indirectly affect the workplace in the form of low morale, workplace inefficiencies or even lost time or workplace accidents. The World Health Organization (WHO) conducted a study in 2014 illustrating that by 2020, depression will be a primary contributor to the global health burden.” Yeats, M. 2017. OHSA – yes, this includes mental health […]

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Application of Management Accounting Techniques (HMAC330-1) Assignment Answers

BACKGROUND: ESKOM SOC Ltd.’s official website states: The mandate of ESKOM SOC Ltd.: To supply stable electricity in an efficient and stable manner, to contribute to lowering the cost of business in South Africa and enable economic growth. The foundation of the business is the generation, transmission, distribution, and sale of electricity, supplemented with the construction of new power stations and network infrastructure. REQUIRED: On […]

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Financial Accounting Principles, Concepts and Procedures (HFAC131-1) Answers

Question 1: Which of the following is the underlying assumption in the Framework for the Preparation and Presentation of Financial Statements? a)    Consistency b)   Materiality c)   Going concern d)   Comparability Question 2: What does the term “recognition” refer to in relation to the elements of financial statements? a)    The process of measuring the monetary value of an asset b)   The process of disclosing financial information […]

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Business Management 1 (HBMN100-1) Assignment Answers

Question 1: Corporate Identity Management: Understanding its Significance. “Effective corporate identity management is crucial for building a strong brand and increasing brand recognition and awareness, especially in the South African market, known for its cultural and historical diversity. Corporate identity involves the visual representation of a company’s values, beliefs, and personality through its name, logo, colors, typography, and messaging.” Required: • As a corporate identity […]

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General Financial Reporting (IFRS) (HFAC232-1) Assignment Answers

QUESTION (25 marks) The Fix (Pty) Ltd, is a clothing retailer with a 30 June financial year-end. The June 2023 financial year-end annual financial statements were presented to the board of directors on 18 August 2023 for authorisation for issue. You are the accountant of The Fix (Pty) Ltd. The following events have taken place since the reporting date: Event 1: Flood damage During July […]

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