SPL Telematic session P 55 Test preparation 18

SPL – Telematic session P 55 – Test preparation 18 May 2016

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 119350 • Seven focus areas • Content in the handbook will make up 85% of the total marks of your test. • Video recordings were distributed to all 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 119350 focus areas 1. Learner Guide P 34 – The advantages of timely financial management information 2. Learner Guide P 37 and 38 – Internal reports that can be used in decision making 3. Learner Guide P 41 – The difference between cash and accrual accounting 4. Learner Guide P 52/53 – The contents of an asset management policy

US 119350 focus areas 5. Learner Guide P 72 – Subsequent events. Well covered in the video 6. Learner Guide P 101 – Overtime payments and how to reduce fraud and corruption with overtime claims 7. Learner Guide P 118 – The different options that can be used to increase the effectiveness of debt collection

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.