Bachelor of Commerce Honours in Management Accounting
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Qualification Overview
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Purpose: The primary purpose of the qualification is to provide learners with the opportunity to specialise in the field of Management Accounting and prepare them for senior management accounting positions within commerce and industry. Additionally, learners completing the qualification qualify for exemptions from some examinations required for qualifying as a Chartered Management Accountant (ACMA) with the Chartered Institute of Management Accountants (CIMA).
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Rationale: There is currently a shortage of Management Accountants in South Africa. The qualification aims to address this shortage by producing learners equipped for the financial, commercial, and industrial sectors, to meet the challenges of South Africa's growing economy. The goal is to provide learners with academic knowledge necessary for working in these sectors, enabling them to apply this knowledge effectively in practical situations.
Outcomes
- Evaluate performance using budgets and discuss the broader managerial issues arising from the use of budgets in control.
- Discuss the use of responsibility centres in devising management control structures and discuss information suitable for decision making in responsibility centres.
- Evaluate control systems for organisational activities and resources.
- Analyse short term product and pricing decisions and discuss pricing strategies and their consequences.
- Evaluate and apply techniques for managing and controlling costs for competitive advantage.
- Prepare full consolidated financial statements for a company and a group.
- Produce a ratio analysis from financial information and evaluate performance and position.
- Discuss contemporary developments in financial and non-financial reporting, and potential strategic financial strategy and the constraints thereon.
- Evaluate financial strategies of an organisation and the extent of their attainment, the financing requirements of an organisation and the strategies for meeting them, and evaluate investment opportunities and opportunities for merger and acquisitions.
- Discuss developments in business strategy and the key external characteristics of different competitive environments.
- Evaluate key external factors affecting a business strategy, the process of strategy development, key tools and techniques used in strategy development, and the tools and processes of strategy implementation.
- Advise on important elements of the change process, evaluate tools and methods for effectively implementing and managing change and recommend change management processes in support of strategy implementation.
- Discuss concepts associated with the effective operation of an organisation and identify and implement effective people management techniques.
- Discuss tools and techniques applied in project management, and relate the relationship of the project manager to the external environment.
- Evaluate types of risks facing an organisation and the risk management strategies and internal controls of the organisation.
- Evaluate the governance and ethical issues facing the organisation.
- Evaluate the financial risk facing the organisation and the risk management tools available to the organisation.
- Evaluate performance using budgets and discuss the broader managerial issues arising from the use of budgets in control.
- Discuss the use of responsibility centres in devising management control structures and discuss information suitable for decision making in responsibility centres.
- Evaluate control systems for organisational activities and resources.
- Analyse short term product and pricing decisions and discuss pricing strategies and their consequences.
- Evaluate and apply techniques for managing and controlling costs for competitive advantage prepare full consolidated financial statements for a company and a group. In addition, they should be able to explain the principles of accounting for capital schemes and foreign exchange rates, and accounting principles and their relevance to contemporary accounting issues.
- Produce a ratio analysis from financial information and evaluate performance and position.
- Discuss contemporary developments in financial and non-financial reporting, and potential strategic financial strategy and the constraints thereon evaluate financial strategies of an organisation and the extent of their attainment, the financing requirements of an organisation and the strategies for meeting them, and evaluate investment opportunities and opportunities for merger and acquisitions.
Assessment Criteria
Associated Assessment Criteria:
- Identify and solve problems in the field of Managerial Accounting, using critical and creative thinking.
- Collect, analyse, organise, and critically evaluate information of a managerial accounting nature.
- Communicate information relating to the field of Management Accounting effectively, in both oral and written forms.
Integrated Assessment Techniques:
- Formative and summative techniques using a case-based approach, integrating theory and practice.
- Tests and Examinations simulate real-world problems, focusing on a particular area while drawing on knowledge from related modules.
- Weekly observations of learners' tutorial presentations and written submissions, along with review of prescribed integrated homework problems.
- Research Project assessing learners' competencies in problem-solving with scientific thinking supported by trusted data sources and statistical techniques.
Qualification Details
- Type
- Honours Degree
- NQF Level
- 08
- Min. Credits
- 120
- SAQA Source
- More Information
Education Cost Calculator
University of KwaZulu-Natal
Applications are open
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.