University of Limpopo

Bachelor of Commerce Honours in Accountancy

Business, Commerce and Management Studies - Finance Economics and Accounting

Purpose and Rationale

Purpose

The qualification addresses the national government regulatory requirements for enhancing the financial competency of provincial and local government financial personnel as outlined below:

  • The Public Finance Management Act, 1999: Competency Framework for Financial Management
  • The Local Government Municipal Finance Management Act (MFMA), 2003: Municipal Regulations on Minimum Competency Levels for accounting officers, senior managers, finance officials, and other officials responsible for supply chain management of municipalities and municipal entities
  • Sections 83, 107 and 119 of the MFMA require officials to meet prescribed competency levels in financial and supply chain management, read with the Municipal Regulations on Minimum Competency Levels
  • The performance management regulations issued under the Municipal Systems Act by the Department of Provincial and Local Government
  • Various other competency requirements for public and municipal finance

Rationale

The rationale for this qualification is as follows:

  • To address the anomaly in the qualification labor market and provide time-bound financial management capacity solutions to the public and municipal finance challenges of the Limpopo Province
  • Labor market signals indicate shortages of Accountancy skills of up to 22,000, despite relatively high levels of unemployment among black graduates in relevant fields
  • There is a mismatch between the skills and experience required by employers and those available in the labor market
  • Potential candidates, especially young graduates from disadvantaged backgrounds, face challenges in gaining work experience and matching with employers
  • The Honours program, specifically its module on work-integrated learning, aims to bridge these gaps and provide practical solutions to the identified issues.

Outcomes

  1. Have specialised knowledge within a particular field of interest.
  2. Research the literature and other available resources to gain a better insight in the topics at hand.
  3. Make decisions on ethical values and practices within their field of specialisation.
  4. Communicate effectively regarding topics with their field of specialisation.
  5. Make an informed decision on the types of methods and techniques available to execute, analyse and report on a research topic within their field of specialisation.
  6. Create competence in analytical thinking through the synthesis of information from relevant sources and applying them to real problems.

Assessment Criteria

Associated Assessment Criteria for Exit Level Outcome 1:

  • Reflect in the correct use of the terminology, concepts, principles, and theories in accountancy, public sector, and municipal finance.
  • Appraise the relationship among concepts and principles of Accountancy, public sector, and municipal finance.
  • Apply knowledge to propose solutions to well-structured and practical problems (both concrete and abstract).
  • Communicate clearly using scholarly discourse and accountancy, public sector, and municipal finance conventions efficiently.

Associated Assessment Criteria for Exit Level Outcome 2:

  • Acquire access to various kinds of information resources, such as the library, Internet, and primary and secondary sources related to the core disciplines.
  • Reflect explicit recognition of the diversity, complexity, and multidimensionality of a context and how that affects the particular work being undertaken.
  • Demonstrate through the provision of relevant information pertaining to the strengths, weaknesses, and opportunities of the context for addressing specific problems.
  • Identify relevant role players and resources that will contribute to the resolution of specific problems.
  • Describe all relevant factors pertaining to the context and people's performances in these contexts and how they affect the particular work being undertaken.
  • Identify critical factors impacting on practical problems to be investigated from the perspective of the discipline.

Associated Assessment Criteria for Exit Level Outcome 3:

  • Know the ethical implications of various kinds of research and be able to act accordingly.

Associated Assessment Criteria for Exit Level Outcome 4:

  • Express own opinions clearly and coherently, justify a position, and present it logically, systematically using properly substantiated arguments.
  • Show an awareness of the audience and capability in using different modes of communication (oral and written) and discipline-specific conventions, and utilization of different techniques and strategies for communicating results.

Associated Assessment Criteria for Exit Level Outcome 5:

  • Apply standard procedures within the specific discipline, such as experimental or computational techniques, or deductive or inductive reasoning.
  • Collect and record appropriate data truthfully and in the appropriate format.
  • Analyze and interpret materials.
  • Argue persuasively about such analyses and interpretations.
  • Draw valid conclusions appropriately.
  • Develop competence in reading and understanding and critically appraising text/literature in the context they are written.
  • Identify the central theme(s) of the essay.
  • Extract and explain the competing arguments.
  • Give a knowledgeable perspective to the debate.
  • Derive a conclusion that fills the gap.

Associated Assessment Criteria for Exit Level Outcome 6:

  • Demonstrate an understanding of the question and indicate the direction of your answer through laying out the subsections of the essay and their linkages with the overall theme.
  • Operationalize the topic by stating clearly the context in which its basic concepts and assumptions are to be evaluated in the essay.
  • Debate the subject matter by developing logically coherent arguments as well as citing and discussing illustrative examples.
  • Draw a conclusion that is consistent with the arguments raised in the essay and suggesting possible outcomes of alternative initiatives at addressing the subject matter.
  • Present the essay according to appropriate and/or recommended word processing and referencing protocol.

Integrated Assessment:

  • The assessment approach is an integrated approach horizontally and vertically to ensure that exit level outcomes have been met.
  • Formative assessment is carried out using:
    • Concept and objective testing.
    • Projects, case studies, assignments & presentations.
    • Formal written tests.
    • Together they contribute 60% towards the final mark.
  • Summative assessment, which consists of a three-hour examination paper, is conducted at the end of each semester, and it contributes 40% towards the final mark.
  • Assessment is in alignment with the University rules and the assessment policy of student learning.

Qualification Details

Type
Honours Degree
NQF Level
08
Min. Credits
120
SAQA Source
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University of Limpopo
Description
The University of Limpopo is a comprehensive university located in the Limpopo province of South Africa. It was established in 2005 through the merger of the University of the North and the Medical University of South Africa. The university offers a wide range of undergraduate and postgraduate programs across various disciplines, including health sciences, natural and agricultural sciences, humanities, management sciences, and education. It is known for its commitment to providing quality education, conducting research that addresses societal challenges, and promoting community engagement. The University of Limpopo strives to produce graduates who are equipped with the knowledge and skills necessary to contribute to the development of the region and the country as a whole.

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.