Business, Commerce and Management Studies - Finance Economics and Accounting
The purpose of this qualification is to offer an intensive, focused, and applied specialization which meets the requirements of a senior financial official specific to the public sector, public entities, and in any relevant institutions in the labor market. The learner will have knowledge of an in-depth and systematic understanding of current thinking, practice, theory, and methodology in public finance law, auditing, public finance management, professional standards and ethics, research, and office practice, and interpersonal relations. The modules in the program form part of the theoretical knowledge and skills needed by a learner to meet the minimum requirements identified by Government.
The public-sector finance environment of today differs from the private accounting environment because it requires more than only technical skills. As a result, there is an increased need for skilled people in senior financial positions in the three different spheres of government. These changes have brought new challenges to higher education. The development of this qualification is in line with the government policies to provide the necessary professional career paths for the learners in the Public-Sector Finance domain. Qualified and competent financial managers in the public sector have a direct influence on the effective and efficient delivery of public services to the citizens of a country, through the efficient management and accounting for public financial resources. The typical learner that will enroll for this qualification includes learners interested in the academic fields of accounting, financial management, and auditing that seek to contribute to their communities through efficient and effective government services or employees that work in the Public Sector Finance sphere. The qualifying learner will be able to function independently in a modern economy and apply competencies acquired during their learning experience. The qualifying learners will be presented with the opportunity to proceed vertically towards a Postgraduate Diploma, Master's and Doctoral or apply for entrance to a professional Degree. Learners holding the qualification can work in any of the financial areas in the three different spheres of government (National, Provincial, and Local Government). The financial areas include all functionalities available (junior as well as senior levels) in the financial directorates of government. This qualification will be competency-based and will focus on theory and practical skills. The skills obtained in the different levels will correspond with the skills required by Government as indicated in National Treasury Competency framework and the Professional body: Chartered Institute of Government Finance, Audit and Risk Officers (CIGFARO), previously known as Institute for Municipal Financial Officers (IMFO).
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