Bachelor of Accounting Science
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Purpose
This Bachelor of Accounting Science prepares learners to enter a range of professional careers in accounting, which will achieve related purposes:
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Provide learners with professional knowledge, specific skills, and applied competence for personal intellectual growth, gainful economic activity, and valuable contributions to society in accounting, auditing, financial management, and tax fields.
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Enable learners to analyze, interpret, and apply accounting, auditing, financial management, and taxation knowledge in various financial fields.
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Provide a base for further specialization towards a professional career in accounting, auditing, and related fields.
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Include general modules like business management, economics, computer skills, and business communication to adapt to the dynamic and competitive business environment.
Rationale
The rationale for this qualification includes:
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Meeting the demand for managers with financial management skills in the business and public sectors, as well as learners with specialized competencies in accounting, auditing, and taxation.
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Preparing learners for professional careers in accounting and finance, aligning with the National Development Plan and National Scarce Skills List.
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Focusing on financial accounting, auditing, taxation, management accounting, and finance for learners aiming to become Chartered Accountants (CA).
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Requiring completion of a Certificate in Theory of Accounting (CTA) or a Higher Diploma in Accountancy (HDipAcc) after the Bachelor's degree.
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Eligibility for a three-year learnership with a registered training office (for auditing specialization) or an approved training organization (for financial management specialization).
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Offering a career path as an Associate General Accountant (AGA) without needing postgraduate qualifications or board examinations.
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Qualifying as an Associate General Accountant (SA) typically takes 6 years (3-year qualification + three years of internship).
Outcomes
- Apply key principles and specialised knowledge to operate in a complex and variable business environment for both the public and private sector.
- Use range of methods and technology to critically assess complex business problems and propose solutions, and to independently evaluate and address opportunities and control risks.
- Apply integrated knowledge to prepare and interrogate accounting and audit reports according to local and international standards.
- Behave and communicate objectively, responsibly, professionally and ethically, and act in the public interest.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1:
- Demonstrate an understanding of micro and macroeconomics.
- Demonstrate an understanding of various management principles and practices and the organizational environment.
Associated Assessment Criteria for Exit Level Outcome 2:
- Solve problems in various financial fields using necessary mathematical skills.
- Understand and perform financial functions in a computerized environment.
- Explore different quantitative techniques that can assist an accountant with important decision-making.
- Demonstrate an understanding of costing concepts and their application.
- Demonstrate sound knowledge of advanced cost and management concepts.
- Demonstrate a sound understanding of financial and risk management.
Associated Assessment Criteria for Exit Level Outcome 3:
- Use the current accepted technical language of accounting practices and prepare annual financial statements and reports of groups of companies and public sector entities.
- Demonstrate a sound understanding of aspects relating to the field of financial accounting.
- Demonstrate a sound understanding of advanced aspects relating to financial accounting.
- Demonstrate a sound understanding of aspects relating to the field of auditing.
- Demonstrate a sound understanding of advanced aspects relating to auditing.
- Demonstrate an understanding of the principles and practices of taxation.
Associated Assessment Criteria for Exit Level Outcome 4:
- Demonstrate computer skills.
- Understand effective communication skills in the workplace.
- Demonstrate an understanding of business ethics.
- Understand the implications of commercial law in the business environment.
- Comply with legal aspects of the accounting profession.
- Demonstrate an understanding of ethics and corporate governance.
Integrated Assessment:
- Formative assessments are integrated into the learning materials and consist of informal and formal activities.
- Formative assessments cover a limited range of Exit Level Outcomes and provide development feedback to learners.
- Summative assessment is usually conducted through examinations, weighted at 40% of the final mark for each module.
- Summative assessment covers a range of Exit Level Outcomes and tests a learner's ability to manage and integrate knowledge to achieve outcomes.
Qualification Details
- Type
- National First Degree
- NQF Level
- 07
- Min. Credits
- 360
- SAQA Source
- More Information
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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.