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Chartered Secretaries Southern Africa

CIS International Qualifying Scheme Module outline and Syllabus


PROGRAMME 1 CSSA QUALIFYING SCHEME
(Important Note: this programme is registered on the NQF as follows:
SAQA ID
60651

NLRD ID
60154

Learning Programme title (of the professional qualifying scheme)


Professional Qualification: Management and Administration

Provider
Chartered Secretaries Southern Africa

NQF level
6

Min Credits
129

Candidates who pass all subjects in the CSSA Programme 1 to the satisfaction of the Institute examiners, are eligible to apply for Affiliate Membership of the Chartered Institute of
Business Management (AffCIBM). The Membership certificate and the right to use the letters AffCIBM will be valid only as long as the Member continues to renew Membership on
an annual basis and pay the required subscription fee. Please refer to separate documentation on the criteria for and benefits of Membership of the CIBM.
Candidates who proceed to complete all four CSSA qualifying programmes to the satisfaction of the Institute examiners, will then be eligible for Graduate of CSSA status
(GradICSA) and may then proceed to acquire the necessary work experience and on demonstrating the required levels of personal and professional integrity, may be admitted as an
Associate Member of the CSSA (ACIS). Only on admission as an Associate or a Fellow member of CIS, may one call oneself a Chartered Secretary and apply to the Institute to be
eligible to practise as an Accounting Officer in terms of the relevant legislation as amended from time to time.
Please note that the CIBM is a different professional Institute from CSSA only membership of CSSA can confer Chartered Secretary and Accounting Officer status.
Programme 1 consists of FOUR modules.
Disclaimer: Please note that a prescribed textbook may not necessarily cover every aspect of a syllabus. The Institute examines the syllabus and any omissions should be
researched personally or be provided by your tuition provider.
1.

COMMUNICATION (30 credits)

1.1 Prescribed Textbook


Communication: A Hands-on Approach
Author: S Cleary
ISBN: 9780702197970
Publisher: Jutas

CSSA Programme 1 v2.2015

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
1.2 Syllabus Outline
Exit Level Outcome: Understand and apply the principles, concepts and strategies of communication
Assessment Criteria
Basic communication concepts are explained
Communication processes are analysed
The issues involved in the focus of media communication are
explained
The strategies of description, persuasion and illustration in a variety
of workplace contexts are applied

Curriculum
Verbal, written, advertising, publication, electronic media;
The communication process, communication concepts, barriers
to communication
Intercultural communication
Mass communication and public relations

Formal meetings and interviews


Interpersonal communication
Preparing spoken and written messages

Tabular, chart and graph formats: [bar, column, pie charts,


scatter diagrams and distribution curves]
Graphic information in oral and written media
Evaluation of the efficacy of devices used in written and oral
presentations
Introduction to business correspondence
Style and readability
Conventions of structure and presentation
Kinds of letters
Memoranda
Facsimile messages (faxes)
Articles
Press releases
Electronic mail (e-mail)
Notices of meetings, agendas and minutes
Report writing

Data is presented in a variety of graphical forms

A variety of business texts is produced

CSSA Programme 1 v2.2015

Prescribed Text
Chapter 1
Chapter 3
Chapter 4
Awareness only required.
Chapter 2
Chapter 3
Chapter 5
Chapter 6
Chapter 16
Chapter 15 pgs 341 - 347
You are also advised to research the
internet for this information by typing
the words graphic communication
into your search engine.

Chapter 7
Chapter 8
Chapter 10
Chapter 11
Chapter 15
Chapter 16
Chapter 17

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
2.

FINANCIAL ACCOUNTING 1 (33 credits)

2.1 Prescribed Textbooks


INTRODUCTION TO FINANCIAL ACCOUNTING, 8th edition
Author: Dempsey & Peters
Publisher: Lexis Nexis Butterworths
ISBN: 9780409106367
Note: Chapters 15, 16, 19 and 20 are not examinable.
2.2 Syllabus Outline
ELO: Understand and apply the basic principles of bookkeeping and accounting to the preparation of a simple set of accounting records
Specific Outcomes
Outline the framework for the preparation and
presentation of financial statements

Use the double-entry system of bookkeeping

CSSA Programme 1 v2.2015

Assessment Criteria
The framework for the preparation and presentation of financial statements is outlined
Underlying assumptions
Qualitative chrematistics of financial statements
Definitions of assets, liabilities, equity, income, expenses
Recognition of the elements of financial statements
Overall considerations
An understanding of the double-entry system of bookkeeping is demonstrated
Range:
Accounting equation
Accounting for assets, liabilities, equity, income, expenses
BOOKS OF ORIGINAL ENTRY
Writing up and construction of journals (including general journal), sales [Debtors],
purchases [Creditors], cash receipts, cash payments, sales returns {returns inwards],
purchases returns [returns outwards] suitable for various types of business enterprises

Textbook
IASB Framework

Chapters 1 4

Chapter 3

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcomes
Explain basic concepts in the valuation of assets.

Meet the accounting requirements relating to equity of


various types of business entities.
Range statement: sole proprietors, partnerships, close
corporations and non-profit organisations

Correctly account for liabilities, revenue and expenses.

Meet the accounting requirements relating to equity of


various types of business entities.

CSSA Programme 1 v2.2015

Assessment Criteria
Basic concepts in the valuation of assets are explained
Accounting for inventory perpetual, periodic
Basis of inventory valuation IAS 2
FIFO, average, specific, cost, market value, net realisable value
Procedures for purchasing, stores (stock, inventory) control
Importation of inventory valuation of and accounting for imported inventory, inventory
(goods) in transit, inventory in bond, sales in bond
Sales at reduced mark-up
Determination of closing inventory value
Insurance claims (excluding the use of the average clause)
Inventory counting procedures
Accounting for depreciation use of fixed instalment, reducing (diminishing) balance,
revaluation, units of use and sum of the digits methods
Asset registers
Disposal of Non Current Assets
Irrecoverable (bad) debts
Provisions doubtful debts, discount
Accounting requirements relating to equity of various types of business entities are met
FINANCIAL STATEMENTS OF A SOLE TRADER IAS 1
Preparation of the following statements in acceptable form:
Balance Sheet
Income Statement
Statement of Changes in Equity
Liabilities, revenue and expenses are correctly accounted for.
Year-end adjustments
Matching income and expenditure prepaid and accrued income and expenses
Year end adjustments
Preparation of trading Account and Profit and Loss Account in the ledger
Preparation of and disclosure in financial statements
CONTROL ACCOUNTS
Preparation of Debtors and Creditors Control Accounts in the ledger
Reconciliation of balances on Debtors and Creditors Control Accounts (in the ledger with the
totals of the balance in the debtors and creditors ledgers
Correction of errors adjustments in respect of errors of principle, omission, and commission

Textbook
Chapters 10 12

Chapter 6

Chapter 7

Chapter 9

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcomes
Meet the accounting requirements relating to equity of
various types of business entities.

Meet the accounting requirements relating to equity of


various types of business entities.

Meet the accounting requirements relating to equity of


various types of business entities.

Meet the accounting requirements relating to equity of


various types of business entities.

Meet the accounting requirements relating to equity of


various types of business entities.

Analyse and interpret simple financial statements


Perform quantitative techniques and interpret basic
business calculations relating to accounting and the
analysis and interpretation of financial statements of
various types of business entities.
CSSA Programme 1 v2.2015

Assessment Criteria
ACCOUNTING FOR CASH
Writing up cash book (including petty cash)
Concept of petty cash
Treatment of unpaid cheques, post-dated cheques, service charges. direct debits and credits,
contra entries
Reconciliation of bank accounts
Adjustments to bank account in ledger/cash book
NON-PROFIT ORGANISATIONS CLUBS AND ASSOCIATIONS
Accounting for subscriptions
Preparation of:
Statement of Receipts and Payments
Statement of Income and expenditure
Balance Sheet
PARTNERSHIP ACCOUNTING
Formation of a partnership
Interpretation of partnership agreement
Accounting for situation where capital is not fixed (i.e. no current account)
Accounting for the appropriation of profits or losses in terms of the partnership agreement
Preparation of financial statements:
Balance sheet
Income Statement
Statement of Changes in Equity
FINANCIAL STATEMENTS OF A CLOSE CORPORATION
Preparation of financial statements:
Balance sheet
Income Statement
Statement of Changes in Equity
CASH FLOW STATEMENTS
Preparation of elementary cash flow statements for sole traders
(Range: capital introduced, drawings, non-cash items, profit, loans raised and repaid,
working capital, purchase and disposal of non-current assets.)
Simple financial statements are analysed and interpreted
Quantitative techniques are applied and basic business calculations relating to accounting and
the analysis and interpretation of financial statements of various types of business entities are
interpreted:
Liquidity ratios

Textbook
Chapter 11

Chapter 13

Chapter 14

Chapter 17

Chapter 18

Chapter 21

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcomes
Range statement: sole proprietors, partnerships, close
corporations and non-profit organisations

3.

Assessment Criteria
Leverage ratios
Activity ratios
Profitability ratios
Investment performance ratios

Textbook

ECONOMICS (33 credits)

3.1 Prescribed Textbook


Economics for South African Students
Authors: Mohr and Fourie
Publisher: Van Schaik Publishers
ISBN: 9780627027123
Please note: Chapters 5, 6 and 10 of the textbook are not prescribed.
It is recommended that learners follow the order of the syllabus as outlined below rather than the order of the textbook.
3.2 Syllabus Outline
Exit Level Outcome: Demonstrate an introductory knowledge of the basic principles of economics and their relevance and application to economic policies in the South African
context.
Specific Outcome
Understand and explain the foundations of
economics

CSSA Programme 1 v2.2015

Associated Assessment Criteria


The term economics is described
The difference between wants, needs and demand is explained
The three main elements of the basic economic problem are identified
The basic economic problem is explained
The concept of opportunity cost is described
The concept of opportunity cost is described
The economic problem is explained by using a Production Possibilities Curve (the concepts
scarcity, choice and opportunity cost are explained)
An explanation is provided of why economics is a social science
A distinction is made between social science and natural science
A distinction is made between microeconomics and macroeconomics, with examples of each
A distinction is made between positive and normative statements with examples of each

Textbook
Chapter 1
Section 1.3 is not prescribed
The following figures are
prescribed:
Fig 1.1

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcome

Explain the interaction between the foreign


sector and the domestic economy

Give an account of the market mechanism

CSSA Programme 1 v2.2015

Associated Assessment Criteria


A distinction is made between levels and rates of change
The three central economic questions are described (what?, how? and for whom?
The different kinds of goods in the economy are described with examples of each
Using as a Production Possibilities Curve, the different combinations of goods and services are
illustrated
Using as a Production Possibilities Curve, an illustration is provided of how a better production
technique or increased resources affects production
A distinction is made between the four production factors and their incomes with examples of
each
A distinction is made between the two production techniques
A distinction is made between income and wealth
A distinction is made between the different sectors (primary, secondary and tertiary) of the
economy in which the production of goods and services occur
The main characteristics of a traditional, command and market economic systems are
described.
The term market is described
The conditions for a market to exist are listed
A distinction is made between privatisation and nationalisation
The 3 major flows in the economy are identified
A distinction is made between a flow and a stock variable with examples of each
A description is provided of how total production, total income and total spending in the
economy are related
The term household and firm are defined
The interdependence between households and firms is explained
A distinction is made between the goods market and the factor market
The interaction between households and firms is explained by means of the circular flow of
goods and services and the circular flow of income and spending
The various injections into and leakages from the circular flow of income and spending are
identified
The interaction of the different sectors in the economy is explained by means of the circular
flow of income and spending
A distinction is made between theory and reality
The main purpose of economic theory are listed
The concepts ceteris paribus and equilibrium are understood
The interaction between households and firms is understood
The term demand is defined

Textbook
Chapter 2
Section 2.5 is not prescribed
The following figures are
prescribed:
Fig 2-1, 2-2, 2-3, 2-4

Chapter 3
The following figures are
prescribed:
Fig 3-1, 3-2, 3-3, 3-4, 3-5,
3-6, 3-7

Chapter 7
Section 7.5 is not prescribed
The following figures are
prescribed:
7

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcome

Textbook reference:

Associated Assessment Criteria


An understanding is demonstrated of how individual demand can be expressed in words,
numbers, graphs and equations
The determinants of individual demand are distinguished
The law of demand is defined
The difference between demand and quantity demanded is explained
A distinction is made between a movement along a demand curve and a shift of a demand curve
The determinants market demand and quantity demanded are distinguished The term supply is
defined
The determinants of individual supply are distinguished
An understanding is demonstrated of how supply can be expressed in words, numbers, graphs
and equations
The law of supply is defined
A distinction is made between a movement along a supply curve and a shift of a supply curve
The determinants of market supply are explained
A distinction is made between substitutes and complements in consumption and between
substitutes and complements in production with the use of examples
Market equilibrium, excess demand and supply is defined
An understanding is demonstrated of how the equilibrium price and equilibrium quantity are
determined
The function of prices in a market economy is identified
List the demand and supply factors
The distinction between substitutes and complements with examples of each
A graphical illustration is provided of how a change in demand or supply or simultaneous
changes in demand and supply will affect the equilibrium price and equilibrium quantity in the
market
The interaction between related markets is analysed
An understanding is demonstrated of what happens if the government interferes in the price
mechanism by setting minimum or maximum prices

Textbook
Fig 7-1, 7-2, 7-3, 7-4, 7-5,
7-6, 7-7, 7-8, 7-9, 7-10, 711

Chapter 8
The following sections are
not prescribed:
Section 8.4 The
interaction between the
foreign exchange market
and the domestic market for
hake and figure 8-8.
Section 8.5 Rent control,
The welfare costs of
maximum price fixing and
administered prices.
Section 8.6 The welfare
costs of minimum price
fixing
The following figures are

CSSA Programme 1 v2.2015

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcome

Associated Assessment Criteria

Textbook reference:

Investigate various aspects of costs and


revenue

CSSA Programme 1 v2.2015

The concept of elasticity is described


The price elasticity of demand is defined
The meaning of a specific elasticity coefficients is explained
The value of e p is identified at different points on a linear demand curve, from the point where
the curve meets the quantity axis to where it meets the price axis
The link between the price elasticity of demand and total revenue from (total expenditure on)
sales is explained
A distinction is made between five different categories of price elasticity of demand
The five different categories of price elasticity of demand are explained
An explanation is provided of what happens to total revenue in each of the five categories of
price elasticity if the price of the product changes
The impact of a change in supply when demand curves display different elasticities is explained
The most important determinants of price elasticity of demand is explained
Define the income elasticity of demand and cross elasticity of demand are defined
The income elasticity of demand and cross elasticity of demand are explained
The different types of firms and the goal of the firm are listed
The revenue, cost and profit concepts are defined
The various revenue (total, average and marginal), cost (explicit, implicit, economic) and profit
(accounting, normal profit and economic loss) concepts are defined and calculated
A distinction is made between the short run and the long run
A distinction is made between fixed and variable inputs
The relationship between the various cost concepts is explained
The law of diminishing returns is explained
The total, average and marginal product curves are drawn
The average and marginal cost curves are drawn
The relationship between production and cost in the short run is explained
The distinction between the total (or accounting), normal and economic profit

Textbook
prescribed:
Fig 8-1, 8-2, 8-3, 8-4, 8-5,
8-6, 8-7, 8-8, 8-9, 8-11, 812
Chapter 9
The following sections are
not prescribed:
Section 9.2 except for
Income elasticity of demand
Section 9.3
The following figures are
prescribed:
Fig 9-1, 9-2, 9-3, 9-4, 9-5

Chapter 11
The following figures are
prescribed:
Fig 11-1, 11-2, 11-3, 11-4,
11-5, 11-6

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcome
Explain perfect competition

Distinguish between monopoly, monopolistic


competition, and oligopoly, and compare
them to perfect competition

Understand and explain the features of the


labour market, particularly the demand and
supply of labour and the wage rate

Associated Assessment Criteria


Perfect competition is defined
The conditions necessary for perfect competition to exist are listed
Reasons why perfect competition is studies if it is only approximated in a small percentage of
markets are provided
The demand curve under perfect competition is explained
The demand curve for the product of a firm under perfect competition is drawn
The marginal and average cost curves of a firm is drawn
The three different short-run equilibrium positions of the firm under perfect competition
An explanation is provided of why profits are only maximised on the rising part of the marginal
cost curve
Using a graphical illustration a determination is made of whether a firm is making an
economic profit, a normal profit or an economic loss
The supply curve and the market supply curve are explained
The equilibrium of the industry under perfect competition is described
The most important differences and similarities between the different market structures: perfect
competition, monopolistic competition, oligopoly and monopoly are identified
The criteria/ characteristics of the different market structures are named and explained
An explanation of the difference between a price maker and price taker
The equilibrium position of the monopolist is explained
Explanation why firms under perfect competition and monopolist can only earn long-run profits
The equilibrium position of the monopolistically competitive firm is analysed
The key features of oligopoly are discussed (concept of product differentiation)

CSSA Programme 1 v2.2015

The most important differences between the labour market and the goods market are identified
The difference between wage, wage rate, earnings, nominal wages and real wages is explained
The requirements for a perfectly competitive labour market are listed
With the aid of a diagram, an explanation is provided of equilibrium in a perfectly competitive
labour market
An explanation is provided of what can cause the market supply curve of labour to shift
The demand for labour is explained
An explanation is provided of why the firm maximises profits (is in equilibrium) when it
employs workers up to the point where MRP equals the wage rate
An explanation is provided of what can cause the market demand curve of labour to shift
The changes in the market equilibrium are graphically illustrated
Reasons why labour markets can be imperfect are provided
A distinction is made between two categories of trade unions

Textbook
Chapter 12
Section 12.6 is not
prescribed
The following figures are
prescribed:
Fig 12-1, 12-2, 12-3, 12-4,
12-5, 12-6, 12-7, 12-8, 1210

Chapter 13
The following sections and
figures are not prescribed:
Section 13.5 and 13.6
The following figures are
prescribed:
Table 13-1, 13-3
Fig 13,1, 13-2, 13-3, 13-5
Chapter 14
Section 14.4 and 14.5 are
not prescribed
The following figures are
prescribed:
Fig 14-1, 14,3, 14-4, 14-5,
14-7, 14-8, 14-10

10

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcome

Explain the criteria, concepts, and techniques


used to assess the performance of the
economy.
Explain the elements of the monetary sector
and define monetary policy and its
instruments.

Describe the workings of fiscal policy

Explain the interaction between the foreign


sector and the domestic economy

CSSA Programme 1 v2.2015

Associated Assessment Criteria


With the aid of diagrams, an explanation is provided of the three ways in which a trade union
can try to increase the wage rate
With the aid of a diagram, an explanation is provided of the impact of the imposition of a
minimum wage (i.e. government intervention in the labour market) in a perfectly competitive
labour market
The standard macroeconomic objectives are explained
The various criteria, concepts and techniques, which are used to assess the performance of the
economy are explained
An explanation is provided of what money is versus income and wealth
The functions of money are described
Money (M1, M2 and M3) is defined
The main functions of the SARB are discussed
Monetary policy is defined
Market-orientated and non-market orientated monetary policy instruments are listed
The repo rate is defined
With the aid of a diagram, an explanation is provided of the interaction between the interest rate
and the demand for money
The basic instruments of monetary policy are explained
The role of government in terms of tax and spending are explained and discussed
An explanation is provided of why government is involved in economic activity/affairs
Fiscal policy is defined
An explanation is provided of how government spending can be financed
The criteria for a good tax are discussed
The various types of taxes (direct, indirect, progressive, proportional and regressive) are
discussed
An explanation is provided of what has happened to the tax burden in South Africa
An explanation is provided of what is meant by the term tax incidence
The impact of an excise tax is explained (legal versus effective incidence)
Fiscal policy is defined and explained
The concepts of absolute and comparative advantage are defined and explained
The distinction is made between specific and an ad valorem tax
An explanation is provided of why international trade occurs
The impact of an import tariff is analysed
The arguments for and against the use of trade barriers are evaluated
A distinction is made between the current account and the financial account of the balance of
payments

Textbook

Chapter 4

Chapter 15
The following figures are
prescribed:
Fig 15-1, 15-2,

Chapter 16
The following figures are
prescribed:
Fig 16-3

Chapter 17
The following figures are
prescribed:
Fig 17-1, 17-3, 17-4

11

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcome

Demonstrate an understanding of the


relationship between the three central
macroeconomic flows

Explain the impact of the introduction of


government spending on an economy

Associated Assessment Criteria


The meaning and significance of SAs gold and other foreign reserves are explained
The exchange rate between the US dollar and the SA rand is explained, as well as any changes
that might occur
The appreciation or depreciation of the rand against the dollar (and vice versa) is explained
The basic assumptions of the Keynesian macroeconomic model are listed
The three important characteristics of the consumption function are explained
The relationship between consumption and saving is explained
The determinants of investment are indicated
With the aid of a diagram, the equilibrium level of income in the economy is explained and
determined
The multiplier concept is defined, described and explanation is given of how it works

The impact of the introduction of government spending on aggregate spending, the multiplier
and the equilibrium level of income is explained
The difference between income and disposable income is explained
The impact of the introduction of a proportional income tax on private consumption
expenditure, autonomous spending, the multiplier and the equilibrium level of income is
explained
Using a diagram, an explanation is provided of the impact of a change in government spending
or a change in the tax rate on the equilibrium level of income
An explanation is provided, using a simple Keynesian model, to analyse the effects of fiscal
policy
The impact of changes in exports and imports on the equilibrium level of income is explained
The concepts the AD curve, AS curve, stagflation, a supply shock, demand management,
contractionary fiscal/monetary policy, expansionary fiscal/monetary policy and trade-off
principle are defined
The AD and AS curves are used to analyse monetary and fiscal policies and supply shocks
The monetary transmission mechanism is explained
The four lags associated with fiscal policy and monetary policy are explained

The term, inflation, is defined


CPI is defined
CPI data are used to calculate inflation rates
The core inflation rate and CPIX are explained
The production price index (PPI) is defined

Demonstrate an understanding of the impact


of macro-economic decisions on the economy
and a business environment

CSSA Programme 1 v2.2015

Textbook

Chapter 18
Section 18.6 is not
prescribed
The following figures are
prescribed:
Fig 18-1, 18-2, 18-3, 18-4,
18-5, 18-6, 18-7, 18-8, 18-,
18-10
Chapter 19
The following figures are
prescribed:
Fig 19-1, 19-2, 19, 3, 19-4,
19-5, 19-6, 19-7, 19-8, 19-9

Chapter 20
Section 20.4 is not
prescribed
The following figures are
prescribed:
Fig 20-1, 20-2, 20-3, 20-4,
20-5, 20-6, 20-7,
Chapter 21
The implicit GDP deflator
is not prescribed
The following figures are
12

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcome

Associated Assessment Criteria


Differences between the CPI and PPI are discussed
The different measures of inflation are compared
An explanation is provided of why inflation is regarded as a problem by policy makers
A distinction is made between the 4 approaches to explaining the causes of inflation
Demand pull and cost push inflation are defined and explained
The different policies that can be used to combat inflation are briefly discussed
The rate of unemployment is defined
The costs of unemployment are defined
A distinction is made between the different types of unemployment
The policies that can be used to tackle the unemployment problem are discussed
Economic growth is defined
An explanation is provided of how economic growth is measured
Sources of economic growth are identified

Textbook
prescribed:
Fig 21-1, 21-2

Chapter 22
Section 22.2 is not
prescribed
Chapter 23
The only sections
prescribed 23.1 and 23.3

4. GENERAL PRINCIPLES OF COMMERCIAL LAW (33 credits)


4.1 Prescribed Text Book
General Principles of Commercial Law. Latest Edition (Also prescribed for Advanced Commercial Law)
Authors: Havenga P, Havenga M (general editor), Hurter E, Kelbrick R, Manamela E, Manamela T, Schulze H & Stroop P.
Publisher: Juta Academic
ISBN: 9780702185144
4.2 Syllabus outline
Exit Level Outcome: Demonstrate an in-depth understanding of the law relating to a range of contracts:
Specific Outcome
Assessment Criteria
A detailed understanding of legal terms is
demonstrated
Range: law, right, subjective right.
Demonstrate a knowledge of the nature, sources and
An understanding of the difference between legal
classification of the law which affect business
subjects and objects is demonstrated
relationships together with the means by which law is
A detailed understanding of the general principles of
enforced through the judicial system.
law is demonstrated
Range: law of persons, family law, law of personality,
the law of property, methods of acquiring ownership,
possession
CSSA Programme 1 v2.2015

Details
The South African legal system
Introduction to the theory of law
Sole trader
Partnership
Close corporation
Company and other incorporated
bodies

Textbook
This will form 20% of
the paper
Chapters 1 and 2
Chapter 21

13

Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcome

Demonstrate a detailed understanding of the law of


contract.
Range statement: Contracts for purchase and sale,
letting and hiring, lease and suretyship, transfer and
acquisition of ownership, restraint of trade, Credit
Agreements Act.
Demonstrate a working knowledge of other applicable
commercial law.
Range statement: Law of partnership, law of delict, law
of insurance, law of insolvency excepting the
provisions of the Companies Act regarding business
rescue.

CSSA Programme 1 v2.2015

Assessment Criteria
A broad understanding of the law of delict is
demonstrated
An understanding of the contract as a source of
obligations is demonstrated
A detailed understanding of the basic requirements for
the formation of a contract is demonstrated
A basic understanding of the constituting elements of a
contract is demonstrated
A detailed understanding of the factors influencing the
capacity to perform juristic acts is demonstrated
A detailed understanding of the requirements regarding
possibility as an essential for the formation of a
contract, is demonstrated
Range: the requirement of possibility in regards to
illegal contracts, contracts contra bonos mores,
contracts contrary to public policy and the
consequences of illegality.
An understanding of the formalities required for the
formation of a contract is demonstrated
An understanding of the terms of a contract, specific
clauses and the effects thereof is demonstrated
An understanding of the principles of the interpretation
of contracts is demonstrated
An understanding of the effects of the parol evidence
rule and the circumstances under which a contract can
be rectified is demonstrated
An understanding of the different forms of breach of
and the consequences thereof is demonstrated
An understanding of the remedies for breach of
contract and the requirements of those remedies is
demonstrated.
An understanding of the types and calculation of
damages is demonstrated.
An understanding of the transfer and termination of
personal rights is demonstrated
An understanding of the termination of obligations is
demonstrated

Details

Textbook

Chapters 3 16

Introduction to the law of contract


The formation of a contract
Principles and rules
concerning valid and binding
contracts
Breach of contract; remedies
on the ground of breach of
contract
The transfer and termination
of obligations
Capacity to contract: minors;
marriage contracts.
Contract of purchase and sale
The principles relating to
latent defects
The liability of manufacturers
and expert dealers
Passing of risk.
Contract of lease
Duties of parties,
Agency
Lessor & lessees rights
Landlords hypothec, lien, sublease.
Occupation.
Landlords duty to maintain
property
Insurance contracts
formation of contract;
non-disclosure;
misrepresentation;
warranties and conditions;
insurable interest;

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Chartered Secretaries Southern Africa


CIS International Qualifying Scheme Module outline and Syllabus
Specific Outcome

Demonstrate a basic understanding of relevant


governance issues.

CSSA Programme 1 v2.2015

Assessment Criteria
An understanding of specific requirements for a
contract of sale is demonstrated
Range: the rights and duties of the parties, when and
how ownership is passed and the common law and
legislative protection of purchasers
An understanding of the essentialia of a contract of
lease is demonstrated
Range: the formation and termination of a contract of
lease; the common law and statutory protection of
lessees.
A basic understanding of a contract of insurance is
demonstrated
Range: the nature, parties to and the essentials of
A basic understanding of the legal requirements for
credit agreements is demonstrated
An explanation of the concept of governance is
provided.
The relevance of the concept of ethics as related to
business entities is explained.
An understanding of the concept of sustainable
business and administration practice is demonstrated.

Details
construction of policy;
the risk;
premium;
indemnity;
assignment and transfer.
(Note: marine contracts excluded)
Credit agreements

Ethics
Risk management

Textbook

20% of the paper.


A supplementary
document is available
for download from the
Institute by registered
students

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