Bachelor of Commerce in Accounting

Business, Commerce and Management Studies - Finance Economics and Accounting

Purpose and Rationale

Qualification Description:

The qualification aims to equip learners with the academic knowledge necessary for working in the finance and accounting sectors of the economy. It enables learners to apply their academic knowledge in practical situations.

Rationale:

There is currently a shortage of Chartered Accountants in South Africa. The qualification provides learners with the opportunity to gain entry into the Postgraduate Diploma in Accounting. Subsequently, upon completion of their studies, learners will meet the entry requirements for the chartered accountants board examinations. Additionally, learners who do not meet the entry requirements for the Board Examinations are equipped for employment in leadership positions in finance and management in commerce and industry.

Outcomes

Evaluate and develop an entity's ability to make decisions that result in maximising its performance, in particular with respect to governance and resources.
Record, recognise, measure and present, to a limited Degree, both financial and non-financial information to external users in manner that ensures compliance with International Financial Reporting Standards (IFRS) (or alternative standards and principles where necessary).
Ensure enhanced reliability of information through validation, testing and the provision of assurance services, at an introductory level. These include statutory and regulatory audit/ assurance requirements, documentation and evaluation of controls.
Manage an entity's financial assets and assess an entity's value.
Use decision-making tools in achieving the entity's strategies.
Engage in taxation planning, and ensure taxation compliance and reporting for various forms of entities, at an introductory level.
Carry out assignments with the highest standards of integrity, in accordance with the profession's ethical standards.
Display personal qualities including self-management, leadership and initiative, innovation, change management, life-long learning, team work and time management.
Display professional skills including the ability to obtain, interpret and critically evaluate information, solve problems and make decisions, communicate effectively, manage and supervise.

Assessment Criteria

The following Associated Assessment Criteria will be used in an integrated manner across the Exit Level Outcomes:

Apply and evaluate key International Financial Reporting Standards' concepts, terms, and principles, with a specific focus on the Accounting Framework and the Qualitative characteristics of financial information.
Analyse a mini case study and recommend a course of action while identifying problems embedded in a scenario.
Interpret and manipulate information to produce relevant calculations in support of an appropriate solution and present recommendations supported by well-reasoned arguments.
Provide oral evidence to unseen case studies during tutorials and demonstrate the ability to communicate ideas and opinions on inter-disciplinary issues related to professional ethics, auditing, and Accounting during written tests and examinations.
Submit a written assessment of a Johannesburg Stock Exchange (JSE) Listed entity and present findings to a panel of academics and professionals from commerce and industry.

Integrated Assessment:

Formative assessment during weekly tutorial classes, where learners engage in discussion groups of mini case studies on simulated accounting scenarios, concept tests, quizzes, and moderation of their allocated weekly problem-solving homework assignments.
Summative assessments in the form of written tests and examinations, focusing on problem case studies (mechanical) and advisory type scenarios that emphasize Accounting Theory and the qualitative aspects of the Accounting framework.
Observation of learners providing oral evidence to unseen case studies during tutorials and demonstrating their ability to communicate ideas and opinions on inter-disciplinary issues pertaining to professional ethics, auditing, and Accounting during written tests and examinations.
The method of assessment focuses on tests and examinations, as well as an integrated project.

Qualification Details

Type: National First Degree
NQF Level: 07
Min. Credits: 360
SAQA Source: More Information

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University of KwaZulu-Natal

The University of KwaZulu-Natal (UKZN) is a public research university located in the province of KwaZulu-Natal, South Africa. It was formed in 2004 through the merger of the University of Natal and the University of Durban-Westville. UKZN is one of the top-ranked universities in South Africa and is known for its excellence in teaching, research, and community engagement. It offers a wide range of undergraduate and postgraduate programs across various disciplines, including humanities, social sciences, natural sciences, engineering, health sciences, and business. The university has multiple campuses spread across the province, including Durban, Pietermaritzburg, and Westville. Each campus has its own unique character and facilities, providing students with a diverse and vibrant learning environment. UKZN is committed to producing graduates who are academically competent, socially responsible, and globally competitive. It strives to promote innovation, critical thinking, and problem-solving skills among its students. The university also actively engages with local communities through various outreach programs and initiatives. Overall, the University of KwaZulu-Natal is a prestigious institution that offers high-quality education and research opportunities to students, contributing to the development and advancement of South Africa and the African continent as a whole.

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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.