Midrand Graduate Institute

Midrand Graduate Institute
Course Descriptions 2014
1
Bachelor of Commerce in Accounting
(3 years)
Level 1
Business English (SSBE111)
Module description
Business communication skills are essential to every successful business enterprise. The main focus of the module falls
on the practical abilities that students will be able to utilise in the business environment.
Business Law (LWBL111)
Module description
Business Law is aimed at providing the student with an overview of the legal position in South Africa with reference to the sources,
relating to general contractual terms, breach of contract and termination of a contract will be examined in this module.
Business Management 1A (COBM111)
Module description
All the business elements that relate to the business environment are dealt with in this module. These include planning,
organising, leading and controlling.
Business Management 1B (COBM121)
Module description
be covered, and the current challenges in the management environment will be addressed.
Computer Skills (ITSK110)
Module description
This module is designed to enable the student to use the personal computer and peripherals functionally and to apply
Economics 1A (COEC111)
Module description
After students have completed Economics 1A, they will have a clear understanding of the economy from the microeconomic perspective.
The students will also have a solid grasp of the economic problem; price system; market structures; and the labour market.
Economics 1B (COEC121)
Module description
After students have completed Economics 1B, they will have a clear understanding of the economy from the macroeconomic perspective.
Financial Accounting 1A (COFA111)
Module description
This module introduces the student to the concepts, principles and procedures of accounting. It covers the recording of accounting entries
f a sole trader
ontrol;
the calculation as well as the accounting entries for the realisation of an asset; and the approach in dealing with incomplete records.
2
Financial Accounting 1B (COFA121)
Module description
a new partner and the retirement of an existing partner. Students will also examine the statutory requirements pertaining to
and forward planning for production and cash by means of budgeting.
Quantitative Techniques (COQT111)
Module description
This module sets the statistical scene by presenting an introduction to statistical techniques and experimental design as
applied to commercial problems. Emphasis is placed on exploratory data analysis - using various descriptive statistical techniques;
on the foundation of statistical inference - using basic probability theory and sampling; on making statistical inferences linear regression, correlation, index numbers and time series.
Level 2
Accounting on Computers (COAC221)
Module description
The course teaches students the basics of computerised accounting. The PASTEL Accounting package is used to illustrate
the basics of a computerised accounting product.
Auditing 2A
Module description
Auditing deals with the underlying principles of independent audit practice. These principles are applied to the acquisition of audit evidence
by means of logical and organised procedures. Audit evidence is also acquired through objective assessment, and collected in order to
ents.
Auditing 2B
Module description
Auditing deals with the underlying principles of an independent auditing practice. Auditing takes the practical form of obtaining audit evidence
by means of logical and methodical procedures. Audit evidence is also objectively rated and evaluated in order to express an opinion
s.
Corporate Law (LWCL211)
Module description
Corporate law covers the various forms of business enterprise existing in South Africa, focusing on the partnership, company and
as
tages
ness.
Financial Accounting 2A (COFA211)
Module description
ments of
companies in accordance with International Financial Reporting Standards and the requirements of the Companies Act of South Africa.
Financial Accounting 2B (COFA221)
Module description
al
statements with the knowledge of the following subject matter: Companies Act requirements in respect of the preparation of a
property, plant and equipment; inventories; revenue; leases; investment property; intangible assets; government grants;
borrowing cost; provisions; and contingent liabilities and assets.
3
Management Accounting 2A (COMA211)
Module description
This module introduces the student to the concepts, principles and procedures of managerial and cost accounting. It covers the
cost elements, cost behaviour and the calculation of the cost of a unique job. The module also covers contract costing; process
Management Accounting 2B (COMA221)
Module description
Management accounting deals with various cost calculations in order to assist management in their decision-making process.
This module provides the student with the necessary skills and knowledge to perform these calculations.
Taxation 2A
Module description
On completion of this course, the student should be able to understand and apply the basic calculation of Income tax applicable
of pre-paid taxes and capital gains tax, will also be tested.
Taxation 2B
Module description
On completion of this course, the student should be able to understand and apply the basic calculation of Income tax applicable
pre-paid taxes and capital gains tax, will also be tested.
Level 3
Auditing 3 (COAU302)
Module description
In this module students gain an understanding of the laws and regulations governing the auditing profession in South Africa.
Students will have the ability to audit, design, and develop an internal control system that complies with generally accepted
auditing practice (GAAP). In addition, students will develop the ability to identify potential weaknesses in an internal
control system and provide recommendations.
Corporate Governance (COCG321)
Module description
Corporate governance is one of the most important challenges for organisations in South Africa. This module will highlight
real-life events, cover legislation and recommendations, and culminate in a discussion on ethics in the workplace.
Financial Accounting 3 (COFA302)
Module description
ipment;
inventories; revenue; leases; investment property; intangible assets; government grants; borrowing cost; provisions; contingent liabilities
and contingent assets; changes in accounting policies; estimates and errors; events after the reporting period; provisions;
contingent liabilities and contingent assets; fair value measurements; and the tax implications on preceding topics.
Financial Management 3 (COFM302)
Module description
Taxation 3 (COTX302)
Module description
Taxes are levied to enable Government to provide services to the people. Another view is that taxes are contributions to the
of taxes of which the main types are income tax, capital gains tax, value-added tax, exercise and customs duties and a whole
range of other taxes such as stamp duty. South Africans also pay donations tax and estate duty, which are taxes on capital,
as well as transfer duty on property, marketable securities tax on shares and other marketable securities, and local
property rates. In this module, students will study all these forms of taxes.
4