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South African Company Registration and Governance Study Guide

This guide provides a comprehensive overview of company registration and governance in South Africa, focusing on the Companies Act 71 of 2008. It details the registration process through the CIPC, the distinct roles and responsibilities of shareholders and directors, and the principles of corporate governance. The guide also touches upon financial reporting standards like IFRS and IFRS for SMEs, and the process of business rescue for financially distressed companies. Understanding these elements

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Forms of Business Ownership and the Companies Act

Forms of Business Ownership and Companies Act

This module explores business ownership structures, the relevance of the Companies Act, and the distinctions between public, private, and non-profit companies.

  • Forms of business ownership
  • Companies Act of 2008
  • Public companies
  • Private companies
  • Non-profit companies
  • State-owned companies
  • Personal liability companies
  • Equity shareholding
  • Private sector

South African Company Registration and Governance

An overview of the Companies Act 71 of 2008, registration through the CIPC, and the roles of shareholders and directors.

  • Companies Act 71 of 2008
  • CIPC registration
  • Separate legal entity
  • Small to medium-sized business
  • Shareholders
  • Directors
  • Memorandum of Incorporation (MOI)
  • Corporate governance
  • Business rescue
  • IFRS and IFRS for SMEs

Financial Reporting Assignment and Competence Assessment

Financial Reporting Formative Assessment Assignment

This assignment tests competence and mastery of module outcomes through scenarios involving business ownership, asset classification, inventory systems, and financial calculations.

  • business ownership
  • separate legal entity
  • limited liability
  • property, plant and equipment
  • inventory
  • expense
  • periodic inventory system
  • perpetual inventory system
  • cash dividend
  • share capital
  • retained earnings
  • depreciation
  • straight-line method
  • carrying amount
  • cost of sales
  • gross profit
  • solvency test
  • liquidity test

Investing 101: Basics of Company Ownership

Basics of Investing in Companies

An introduction to long-term investing, share ownership, capital appreciation, dividend income, and the relationship between risk and return.

  • Capital appreciation
  • Dividend income
  • High risk, high return
  • Diversification
  • Risk tolerance
  • Public companies
  • Share trading platforms

Investing in Private Companies

An overview of the mechanisms, restrictions, and motivations regarding investment in private companies compared to public companies.

  • private companies
  • public companies
  • shareholders
  • Companies Act
  • right of first refusal
  • equity funding
  • private equity
  • long-term returns

Accounting for Share Capital and Dividends

Accounting for Dividends and Share Capital

This topic explores the distinction between sole proprietor drawings and company dividend distributions, including the legal requirements of the Companies Act.

  • Authorised share capital
  • Issued share capital
  • Dividends
  • Drawings
  • Liquidity and solvency test
  • Dividends withholding tax (DWT)
  • Retained earnings
  • Interim and final dividends

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