1. SPL – Telematic session P55 – Test preparation
18 May 2015

2. 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.

3. 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.

4. 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 P55 participants.
In addition, technical questions can be ed to Deon, and he will contact you telephonically on 25 May 2015 to discuss any such question.

5. Sessions We are covering two sessions:-
Session 1 that we are busy with now, will cover US , ,
Session 2 starts at 10h40, and will cover US , and

6. 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.

8. US
Eight 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 focus areas

9. US focus areas
Learner guide P57 to 59 - The definitions of assets and liabilities with examples.
Learner guide P60 to 61 - The definitions of revenue and expenses with examples.
Learner guide P71 - 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.
Learner guide P62 - Capital versus operational expenditure. The video can assist greatly.

10. US focus areas
Learner guide P104 - Why do we need a cash flow statement? The layout of the cash flow statement. The three sources of cash – operating, investment, financing .
Learner guide P147 to Relevant information to assist in the process of financial analysis – CFO report, Auditors report, Economic indicators etc.
Learner guide P162 tp The users of financial statements. Credit rating agencies, banks, suppliers and employees should be focussed on.
Learner guide – All the ratios in the book with a specific focus on their purpose. No calculations in the test.

11. 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.