Bachelor of Commerce Honours in Financial Management
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Qualification Overview
Purpose:
The main purpose of this qualification is to prepare the learners for postgraduate research and to deepen their knowledge of the discipline of financial management. This qualification also provides learners with the necessary knowledge to undertake highly-skilled professional work in the disciplines of management accounting and finance. It is comprised of a broad-based curriculum to prepare the postgraduate learners for a wide range of finance-related specialities. The qualification emphasises application, analysis and evaluation within each topic area as well as the application of integrity and ethics in a professional environment. Mastering of the curriculum will provide students with the skills to synthesise complex management, financial, performance and risk principles in order to drive and add value to the entities that employ them.
Rationale:
The qualifying learner will gain an overall financial and business perspective which will provide them with a competitive advantage for employment. In addition, the learner will be prepared for further studies in the field by developing research and reporting skills through the completion of a supervised research project in the field of financial management. The qualifications title remains as is as the qualification is focused on Financial Management in South Africa and internationally to ensure our learners learn and apply industry relevant concepts. The curriculum of the Chartered Institute of Management Accountants, which is an international professional body for Management Accountants, has been used to align the qualification to industry relevant material.
Outcomes
- Implement and advise on financial strategies in a local and international context to ensure wealth creation implement and advise on financial strategies in a local and international context to ensure wealth creation.
- Evaluate and assess internal control systems.
- Advise on the management of financial risks and the development of information systems.
- Understand the place of different functional roles/departments such as Human Resources(HR), Marketing and Information Technology(IT) within the organisation and its relationship with the finance function.
- Compile and evaluate financial information to support strategic decision making and strategic control.
- Understand the complex relationships an organisation has with its stakeholders, industry, the local and global environments.
- Apply traditional and contemporary approaches to cost and management accounting.
- Perform basic scientific research in the field of finance.
Assessment Criteria
Associated Assessment Criteria:
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Problem Solving Skills:
- Demonstrate the ability to identify and solve problems in financial management correctly by applying relevant theoretical principles and reflecting on the application.
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Learning Strategies:
- Explore different learning strategies to acquire multidisciplinary capabilities of a financial manager.
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Research Skills:
- Plan and conduct research in financial management by gathering, analyzing, synthesizing, and interpreting information correctly, utilizing relevant theoretical research principles, and reflecting on the research undertaken.
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Communication Skills:
- Communicate effectively with different role players in financial management field, orally or in writing, applying communication principles and reflecting on the application.
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Technology Utilization:
- Utilize appropriate technology effectively in the financial management environment (e.g. computer, e-mail, fax).
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Employment Seeking Skills:
- Demonstrate acceptable employment seeking skills by applying theoretical principles of employment skills and reflecting on the application thereof.
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Vision Development:
- Develop theoretical and practical macro vision for financial management internationally, nationally, regionally, and locally.
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Resource Organization:
- Organize and coordinate resources and opportunities in the financial management field effectively and responsibly by applying relevant theoretical principles and reflecting on the application made.
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Social Sensitivity:
- Practice acceptable social sensitivity in relationships with others and work effectively in a multidisciplinary team or organization by implementing relevant theory and reflecting on the implementation.
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Responsible Citizenship:
- Promote responsible citizenship through a holistic approach to the application of professional values in the financial management field.
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Cultural Sensitivity:
- Practice social, cultural, and aesthetic sensitivity towards people of different financial management communities and role players in the financial management environment by applying appropriate theoretical principles and reflecting on the application.
Integrated Assessment:
- The qualification ensures alignment where teaching, learning, and assessment activities are linked to module and qualification outcomes.
- Assessment methods include summative and formative assessments to enhance applied competence and facilitate authentic assessment and learning.
- Assessment is not only for determining outcome achievement but also for grading and providing feedback to improve the curriculum.
- Assessment methods include investigative projects/assignments, problem solutions, group and individual assignments, multidisciplinary projects, case studies, report writing, planning, oral presentations, semester tests, and final examinations.
Qualification Details
- Type
- Honours Degree
- NQF Level
- 08
- Min. Credits
- 120
- SAQA Source
- More Information
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This page includes information from the South African Qualifications Authority (SAQA) . Builtneat Pty Ltd trading as Study Start, has modified all or some of this information. SAQA has not approved, endorsed, or tested these modifications.