ACC3009W - Financial Reporting 3

Introduction

Welcome to Financial Reporting 3 and congratulations on passing Financial Reporting 2 (with 60% or more) in 2005.

Financial Reporting 3 is a major course in your progress towards becoming a Chartered Accountant and as such should be treated with respect as should all other final year courses. The course is technical, heavy and comprehensive and demands a great deal of hard work from the average student. As with all other final year courses, this is not a course that you can afford to be left behind in and you must make every effort to stay up to date throughout the year. Falling behind in the course has, historically, been the most common reason for failures.

Although the pass mark for the course is 50%, you are reminded that in terms of the admission criteria for PGDA, a UCT graduate is required to obtain a minimum of 55% in a Financial Reporting 3 examination in the preceding year (Rule FGDA1.1, Commerce Faculty Handbook).

Hard work is the key to success this year.