SPL Telematic session P 55 Test preparation 18

SPL – Telematic session P 55 – Test preparation 18 May 2015

Individual assignment • Deon van der Westhuizen dealt with all the individual assignment preparation during his 2 hour sessions. • Unfortunately he cannot be here today • My name is Reinhold Loots, and I will be relaying all the test preparation to you. • Deon spent the weekend with me to ensure you get the right guidance.

General information • This session has 2 purposes: – Preparation for your individual tests • Specific guidance • Focus areas – Technical questions on the individual assignment • These slides will be loaded on the website for your reference.

Technical questions - assignment • Deon will be share the early session with Len Mortimer on Friday 22 May to answer all technical questions on the assignment and or test in person. • In addition, everybody should join the Linkedin group where practical examples of the assignment will be posted to assist P 55 participants. • In addition, technical questions can be emailed to Deon, and he will contact you telephonically on 25 May 2015 to discuss any such question.

Sessions • We are covering two sessions: • Session 1 that we are busy with now, will cover US 116339, 116351, 116353 • Session 2 starts at 10 h 40, and will cover US 116363, 119348 and 119350

Test • 1 test will cover 3 unit standards. • The questions that relate to the different unit standards will be clearly marked. • Only do the questions that relate to the unit standard that you have registered for.

US 116363 • Eight focus areas • Content in the handbook will make up 85% of the total marks of your test. • Video recordings. USwere distributed to all 119348 focus areas participants – although it will assist in the preparation for the test, the additional information will not account for more than 15% of the test marks • Only some of the focus areas will be included in the test.

US 116363 focus areas 1. Learner guide P 57 to 59 - The definitions of assets and liabilities with examples. 2. Learner guide P 60 to 61 - The definitions of revenue and expenses with examples. 3. Learner guide P 71 - The capital replacement reserve, focussing on how you determine how much should be transferred to the CRR, and the fact that it shopuld be cash backed. 4. Learner guide P 62 - Capital versus operational expenditure. The video can assist greatly.

US 116363 focus areas 5. Learner guide P 104 - Why do we need a cash flow statement? The layout of the cash flow statement. The three sources of cash – operating, investment, financing. 6. Learner guide P 147 to 149 - Relevant information to assist in the process of financial analysis – CFO report, Auditors report, Economic indicators etc. 7. Learner guide P 162 tp 164 - The users of financial statements. Credit rating agencies, banks, suppliers and employees should be focussed on. 8. Learner guide – All the ratios in the book with a specific focus on their purpose. No calculations in the test.

Conclusion • If you open your handbook and the set of slides, it would be easy to synchronise. • Open book tests are difficult! You should cover the content before arriving in class. Make notes in the handbooks and highlight relevant sections. • Remember 1 test will cover three unit standards. • You must bring all 3 handbooks to the test venue. • Only answer the questions that are relevant to the unit standards that you have registered for.