University of the Free State

Bachelor of Accounting

Business, Commerce and Management Studies - Finance Economics and Accounting

Purpose and Rationale

Purpose:

This qualification is the first qualification in the learning and career pathway for individuals aspiring to become Chartered Accountants (South Africa) (CASA). The qualification leads to an Honours Degree in Accounting, enabling learners to apply for practical workplace learning (articles) and eventually write the Board Examination. Successful completion of these steps leads to the awarding of the Chartered Accountant (South Africa) designation by the South African Institute of Chartered Accountants (SAICA).

Rationale:

Due to a shortage of Accountants in South Africa, this qualification aims to develop highly skilled Accountants who can effectively meet the needs of businesses and communities. Learners will acquire a solid foundation in the knowledge, theory, principles, and skills of Accounting, Taxation, Managerial Finance, and Auditing. This will equip them to apply this knowledge in a professional accountancy and business context effectively.

Outcomes

  1. Prepare financial reports based on International Financial Reporting Standards.
  2. Consolidate financial statements for group companies.
  3. Evaluate financial data.
  4. Apply costing methods in various scenarios.
  5. Interpret management decision-making information.
  6. Conduct a review of internal controls in different business cycles.
  7. Perform the necessary audit procedures for assurance testing.
  8. Interpret the Companies Act, Close Corporations Act and the Audit Profession Act and King III (Corporate Governance). 9.Demonstrate knowledge of personal and Corporate Income Tax, Value Added Tax, Capital Gains Tax end Estate and other Duties.
  9. Communicate effectively in a business and accountancy environment.
  10. Act ethically in a business and accountancy environment.

Assessment Criteria

Associated Assessment Criteria:

  1. Demonstrate basic foundational skills and knowledge in accounting and related fields.
  2. Demonstrate detailed skills and knowledge, as well as the application of knowledge in accounting and related fields.
  3. Demonstrate the right attitudes to clients and ethical and professional behaviour in the business world.
  4. Integrate and apply knowledge and practical competencies in business contexts.

Integrated Assessment:

  • The assessment strategy includes both formative and summative assessments, with a balance between them ranging between 40% and 60% depending on module requirements.
  • This approach allows learners to track their progress regularly and address any issues promptly.
  • Some modules may incorporate continuous assessment methods like portfolios, reports, or assignments to better assess specific module nature.
  • Applied competence will be measured at exit, focusing on the integration of concepts, ideas, and actions in real-life business and accounting scenarios.

Qualification Details

Type
National First Degree
NQF Level
07
Min. Credits
360
SAQA Source
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University of the Free State
Description
The University of the Free State (UFS) is a public research university located in Bloemfontein, South Africa. It was established in 1904 and is one of the oldest institutions of higher education in the country. The university offers a wide range of undergraduate and postgraduate programs across various disciplines, including humanities, natural and agricultural sciences, law, health sciences, education, and economic and management sciences. UFS is known for its commitment to inclusivity and diversity, and it strives to provide quality education and promote social justice. The university has a strong research focus and collaborates with national and international partners to address societal challenges and contribute to knowledge creation. UFS also has a vibrant campus life with numerous student organizations, sports facilities, and cultural activities.

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.