Computerised Financial Systems N5 — Document
June 2021 — N5 — Computerised Financial Systems
N5
2021
Nated Business
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21.67TAX TAX METHOD Average TAX OFFICE Durban NATURE OF PERSON Normal employee with ID TYPE OF EMPLOYMENT
1.1PAYROLL INSTRUCTIONS Carr out the following instructions efore you start answering the question paper. The c ompany
1.2ADD THE FOLLOWING TWO EMPLOYEES Take note that for all employees, MANDATORY CODES must be selected. The
1.2.1EMPLOYEE INFORMATION CODE 002 TITLE Ms SURNAME Langa FIRST NAME
21.67TAX TAX METHOD Average TAX OFFICE Umhlanga NATURE OF PERSON Normal employee with ID TYPE OF EMPLOYMENT Permanent employee
1.2.2EMPLOYEE INFORMATION CODE 003 TITLE Mr SURNAME Govender FIRST NAME
21.67(6030175\ Copyright reserved Please turn over TAX TAX METHOD Average
1.3CAPTURE THE LEAVE BALANCES: TYPE OF LEAVE Ms Ann Olivier Ms Lihle Langa Mr Lumen Govender ANNUAL
1.4ADD THE OCCUPATION FOR THE THREE EMPLOYEES: PAYMENTS TAB Ms Ann Olivier Ms Lihle Langa Mr Lumen Govender OCCUPATION Admin Manager Financial Manager
1.5USE THE SETUP; TRANSACTIONS TAB TO MAKE THE NECESSARY CHANGES TO THE TRANSACTION CODES: INCOME TRANSACTIONS 500 Basic Salary 5050 Training Refunds 5300
1.6ADDITIONAL INFORMATION:
1.6.1It is compulsory for all employees to contribute to a Medical Aid. The business adopts the following method of deduction: Member R2500 Member and one dependant R3000 Member and two dependants R3500 Member and three or more dependants
1.6.2The employer/business contributes double of what was deducted on behalf of each employee.
1.6.3The employer contributes the following towards each employees pension: Olivier R1200 Langa R1500 Govender R1300
1.7PROCESS THE TRANSACTIONS FOR MARCH 2020 MARCH Olivier Langa Govender GROSS SALARY R25000 R36000
1.8REQUIRED: THE FOLLOWING PRINTOUTS MUST BE HANDED IN:
1.8.1Print the following payslips: March: Olivier (21\ Langa (20\ April: Olivier (15\
1.8.2Print the following using the VIEW tab: a\ Employee Master files for both Langa and Govender select the following details: Personal Details Payment Details New Page Per Item
2.1Use the above mentioned information and calculate the following:
2.1.1Raw material used
2.1.2Primary costs
2.1.3Factory overheads
2.1.4Total production costs
2.2Amounts must be displayed as accounting and two decimals.
2.3Enhance your work by drawing in both vertical and horizontal lines.
2.4Type your Examination number (LEFT\nd Question 2 (RIGHT\s footer
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2.6Print on ONE page PORTRAIT. 20 (6030175\ 16 Copyright reserved
3.1ADDITIONAL INFORMATION
3.1.1Da Capo worked Monday to Friday. His contract stated that if he works on a Saturday or Sunday, he will get paid at an overtime rate.
3.1.2
3.1.3
3.2REQUIRED:
3.2.1Copy the format as indicated above and complete the necessary amounts:
3.2.2Use the basic wage advice to calculate Da Capo 's wage for the week of 31 May 2020
3.2.3Center the main and and sub headings. Change to bold and font size 14.
3.2.4Display all amounts with currency and two decimals.
3.2.5Insert vertical and horizontal lines.
3.2.6Insert a header with your Examination Number (LEFT\and Question 3 (RIGHT\
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3.2.8Print on ONE page LANDSCAPE. [28] (6030175\ 18 Copyright reserved Please turn over QUESTION28
4.1REQUIRED:
4.1.1Harmony Gold uses Weighted Average Price Method to calculate the value of the stock of helmets per box on hand.
4.1.2Use the following table to draw up the stock card schedule of helmets:
4.1.3Insert any suitable vertical and horizontal lines to enhance your schedule.
4.1.4Display both quantity as well as amounts without any decimals (integers\.
4.1.5Insert a header with your Examination Number (LEFT\and Question 4 (RIGHT\
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4.1.7Print on ONE page LANDSCAPE. [26] (6030175\ 19 Copyright reserved Please turn over QUESTION26
5.1Draw up the following NOTES to the Cash Flow Statement of Under Armour on 31 May 2020:
5.1.1Cash received from Clients
5.1.2Cash paid to Suppliers and Employees
5.1.3Reconciliation of Profit with cash obtained from operations
5.2Display all amounts with currency but without decimals.
5.3Insert vertical and horizontal lines.
5.4Enter your Examination Number (LEFT\and Question 5 (RIGHT\s a footer.
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5.6Print on ONE page PORTRAIT. [26] TOTAL SECTION B: 100 GRAND TOTAL: 200 (6030175\ Copyright reserved ADDENDUM26
Topics Identified
4
Forms of OwnershipBusiness FunctionsLeadershipBusiness Plan
Mark Allocation
Total200 marks
Sections100 + 28 + 26 + 26 = 180 marks
Key Information
Contact Number0220541608 · 0718041108
Paper information
TitleDocument
SubjectComputerised Financial Systems
LevelN5
Document typeQuestion paper
Year2021
MonthJune
Pages21
Downloads4
Examination context
Decade2020s
Years ago5y
SeasonWinter (SH)
Start dayTuesday
Exam periodJune 2021
Days since exam1,959
About Computerised Financial Systems examination preparation
This TVET examination resource can be used as part of a structured revision programme. Past papers are most useful when learners attempt questions independently, work within a realistic time limit, and review their answers afterwards.
How to use this resource for revision
A TVET past examination paper is most useful when it is treated as an active revision exercise. Try the questions yourself before checking the corresponding memorandum. Where you make an error, identify the reason — was it a knowledge gap, a calculation mistake, an interpretation issue, or an examination technique problem?
For stronger examination practice, complete the paper without unnecessary interruptions and keep track of the questions that take the most time. Afterwards, review the memorandum and separate knowledge gaps from mistakes caused by interpretation, calculation, structure, or examination technique.
understanding question requirements
applying subject knowledge
working under time constraints
checking answers
identifying revision priorities
A practical revision approach
Start by completing the resource without looking at the memorandum. Review incorrect and incomplete answers afterwards and make a short revision list based on the areas that caused difficulty.
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