Bachelor of Commerce in Accountancy
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Bachelor of Commerce in Accountancy
Purpose: The Bachelor of Commerce in Accountancy aims to equip learners with strong mastery of financial accounting, management accounting and finance, auditing and taxation in a manner that prepares them to be responsible social citizens to contribute toward managerial, accounting and finance positions in the Republic. Furthermore, this qualification prepares the learners for national and international professional qualification in accounting and to Postgraduate research qualifications.
Rationale: The rationale for this qualification is to produce learners with competence in theoretical and practical knowledge of accountancy - with critical and analytical thinking to prepare and interpret financial records relevant to the competency framework of the South African Institute of Chartered Accountants (SAICA), the South African Institute of Public Accountants (SAIPA), the Chartered Institute of Management Accountants (CIMA) and the Association of Certified Chartered Accountant (ACCA) and the need of national and international labour market. The National Development Plan 2030 seeks to provide an economy that provides more jobs, as well as providing initiatives to prevent and fight corruption. In order to advance the economy and accelerate development, South Africa requires knowledgeable, ethical and skilled accountants, financiers, auditors and taxation professionals to lead the country. The cadre of skilled professionals in accountancy and business practices are required to adequately equip the public sector such as municipalities, to ensure financial wellness in service delivery. Competent accountants and auditors will also be required in the private sector the small, micro and medium enterprise sector as well as in the corporate and global environment. Qualifying learners of the qualification will find employment in a variety of sectors such as those mentioned above, in managerial positions, as well as being able to contribute to society by setting up their own businesses and through entrepreneurial initiatives. The qualification will produce qualifying learners with competence in theoretical and practical knowledge of accountancy - with critical and analytical thinking to prepare and interpret financial records relevant to the competency framework of the South African Institute of Chartered Accountants (SAICA), the South African Institute of Public Accountants (SAIPA), the Chartered Institute of Management Accountants (CIMA) and the Association of Certified Chartered Accountant (ACCA) and the need of national and international labour market.
Outcomes
- Integrated knowledge of accounting principles is used in a commerce environment, to function competently in management, operational or finance positions in the government, public or private sector.
- Appropriate accounting methodologies and techniques are used to prepare reports and offer an opinion on practice.
- New developments in accounting are kept abreast of and integrated into their accounting practice.
- Analytical skills are applied in solving existing business problems.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1:
- Describe core principles and theories in commerce field with correct terminologies.
- Discuss functioning of management, financial, and operational entities.
- Integrate accounting principles, theories, and methodologies in financial reporting, auditing, taxation, and strategic business management.
- Offer advice and assist in decision making using appropriate methodology.
- Work independently to give opinions on accounting principles in various business contexts.
- Understand teamwork in ensuring business success.
- Apply ethics and sound business practices in business contexts.
Associated Assessment Criteria for Exit Level Outcome 2:
- Use appropriate and ethical methods to gather data and information in accounting practices.
- Select suitable methodologies and techniques to process, analyze, and evaluate data.
- Discuss computer technologies and programs used in accounting for business solutions.
- Prepare reports adhering to accounting principles and international reporting standards.
- Analyze reports and information for informed decision-making in accounting practices.
- Apply evidence-based solutions in problem-solving contexts.
- Communicate confidently using appropriate discourse in accounting practices.
Associated Assessment Criteria for Exit Level Outcome 3:
- Demonstrate understanding of the need for life-long learning in evolving business and accounting practices.
- Source new information from various resources like newspapers, journals, and e-resources.
- Critique new developments in accounting situations and advise on their application in practices.
- Apply new developments in accounting practices.
Associated Assessment Criteria for Exit Level Outcome 4:
- Use basic modes of inquiry in Accountancy to assess contextual problems in accounting practices.
- Assess problems holistically as complex systems, not in isolation.
- Suggest practical solutions with appropriate arguments.
- Propose strategies to solve accounting practice problems.
- Suggest monitoring actions for solution implementation.
- Outline management strategies to mitigate future risks in accounting.
Integrated Assessment:
- Continuous formative assessment to provide feedback on progress.
- Assignments designed to integrate Exit-Level Outcomes.
- Evaluation of learner performance for applied competence.
- Criterion-referenced assessment explained clearly to learners.
- Summative assessment judging learning in relation to Exit Level Outcomes.
- Integrated assessment evaluating ability to integrate knowledge, competencies, and attitudes for qualification achievement.
Qualification Details
- Type
- National First Degree
- NQF Level
- 07
- Min. Credits
- 360
- SAQA Source
- More Information
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