Dear Students, I would like to thank those who attended our extensive special lecture on Taxation today; it was long but very stimulative which comprised the entire prescribed chapters of taxation (tax syllabus). We managed to do two question papers (Self- assessment question) and June 2012. I want to urge you once again to practice and revise all the academic work as many times as you can more especially what you’ve learnt throughout the semester. Herewith please find the below mentioned THE ADVISORY GUIDANCE FOR INCOME TAX EXAMINATION A. FORMAT OF THE EXAMINATION PAPER 1. The paper consists of all prescribed chapters you have learned. 2. The paper is an (X-Paper) – morning paper from 09:00 – 12:00 3. The paper covers the whole syllabus, which means that you cannot leave out any part of the work. 4. All the information you will require (e.g. tables for individual tax, small business corporations tax and retirement benefits and planning tax or Lump sum tax) will be provided to you in the examination paper except tax rulings which you are held accountable to learn, master and know by heart, particularly those tax rulings, tax regulations and tax legislations, tax frameworks, formats, formulae that you have learned throughout the semester. 5. You are welcome to phone me if you have any questions about the work. However, I cannot enter into any discussions with you about the content of the exami¬nation paper. B. ANSWERING THE QUESTIONS AND EXAMINATION TECHNIQUE 1. When you begin a new question in the examination, first read the REQUIRED part at the end or beginning of the question. This will help you to know what to look for while reading the details of the question itself. 2. Make sure you answer what is being asked, and only that, otherwise you will waste valuable time on unnecessary calculations. 6. 3. Show all your calculations. This is important: marks are allocated to each step in a calculation and cannot allocate any marks to an incorrect total figure and all amounts must be rounded off to the nearest rand (e.g. R2 586.63 = R 2 587) 4. Do each calculation in the answer itself and not as a note at the end of the ques-tion. This makes the marking easier. 5. Where any item is exempt from tax, or not allowed as a deduction, do not simply leave it out. Show the item with a ”nil” in the money column, and give a brief reason why this is the case. 6. Unless stated otherwise, all taxpayers are South African residents for tax purposes. 7. Start each question on a clean new page and write the question number clearly at the top. C. PREPARATION AND REVISION 1. Work through the theory in the textbooks in good time and make a short summary of the most important points, dates, rates and formulae. Use this summary when you revise for the examination. 2. Rework the previous question papers, tests, class, home and individual activities you have learned. Work through these questions a second time just before the examination rather than working through new questions. 3. Avoid obtaining other additional questions that I’ve never given you. New questions might confuse you. Stick to what you have learned. D. GET ORGANISED. Try to be organized and professional as often as you can that will help you to reach your goals on your instructional offering Firstly draw up a HOME STUDY MASTER SCHEDULE/ HOME STUDY PLANNER divided into one hour sessions, with a break between each one. Make a REVISION TIMETABLE/PLANNER so that you can cover all your prescribed topics you need to revise. Make sure you set yourself some realistic targets so you get through them. On your Calendar, mark exam dates and make sure you cross off exam days once they are over. This will help you feel that there is progress. Organize your study room, stationery to be used and food will help you to cut down stress. All the best of success, feel free to contact me and drop your question here and I will answer it in as promptly as possible. Regards Mr. S. Ncobela
Posted on: Sat, 16 Nov 2013 13:54:50 +0000
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