Advanced Diploma in Accounting
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Advanced Diploma in Accounting
Purpose:
The purpose of the Advanced Diploma in Accounting is to equip learners with intermediate knowledge, proficiency, and pervasive skills. This will enable them to demonstrate initiative and responsibility and develop practical and operational qualities. The qualification aims to provide learners with the necessary intermediate knowledge, competence, and skills to work in an accountancy environment, understand the world of work, be confident about their value, and have a higher than average chance of being employed.
Rationale:
The qualification builds on the skills and knowledge acquired at the Diploma in Accounting Level 6. It provides advanced accountancy knowledge and skills to ensure competency in performing reporting functions, rendering taxation services, management advisory services, and assurance on a professional accounting level. It further integrates the required skills and knowledge into computerized accounting, taxation, management, and auditing software qualifications.
The qualification is designed to meet the requirements of various professional bodies including the South African Institute of Chartered Accountants (SAICA), the Association of Accounting Technicians (SA), the South African Professional Accountants (SAIPA), the South African Institute of Tax Practitioners (SAIT), the South African Institute of Internal Auditors (SAIIA), the Association of Certified Chartered Accountants (ACCA), and the Chartered Institute of Management Accountants (CIMA). Learners can register with these professional bodies for a professional qualification upon completing the Advanced Diploma.
Furthermore, the qualification aims to equip learners with management accounting skills and knowledge to meet the national demand for public and private sector accounting technicians.
Outcomes
- Demonstrate a solid knowledge base across the core disciplines of accountancy, namely, financial accounting, management accounting, taxation and auditing.
- Acquire knowledge of and demonstrate competence in all areas of Financial Accounting.
- Demonstrate knowledge and competence in all areas of Cost and Management Accounting.
- Acquire an understanding of Information Systems in business.
- Demonstrate a sound understanding of the nature of law and an appreciation of the role of law within which an accountant operates.
- Demonstrate knowledge and understanding of Management Accounting Control systems.
- Demonstrate knowledge and understanding of corporate strategy.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1:
- Understand and demonstrate accounting concepts and techniques within business organizations.
- Apply concepts and techniques in generating Cost and Management Accounting reports.
- Interpret Cost and Management reports for analysis and control.
- Identify and appreciate appropriate Management Accounting techniques for decision-making, planning, and control.
- Apply these techniques in the generation of Management Accounting reports.
Associated Assessment Criteria for Exit Level Outcome 2:
- Illustrate competence in principles, concepts, and conventions underlying Accounting.
- Demonstrate enhanced competence and skills required for a successful career in Bookkeeping and Accounting.
- Demonstrate competence in fundamental and advanced financial accounting practices.
- Show proficiency in the analysis and interpretation of financial statements.
Associated Assessment Criteria for Exit Level Outcome 3:
- Understand and demonstrate Cost and Management Accounting concepts and techniques within business organizations.
- Apply concepts and techniques in generating Cost and Management Accounting reports.
- Interpret Cost and Management reports for analysis and control.
- Identify and appreciate appropriate Management Accounting techniques for decision-making, planning, and control.
- Apply these techniques in the generation of Management Accounting reports.
Associated Assessment Criteria for Exit Level Outcome 4:
- Understand Information Systems in business and how they assist management decision-making.
- Utilize Information Systems to achieve organizational objectives and improve performance.
Associated Assessment Criteria for Exit Level Outcome 5:
- Explain the operation of the Legal System concerning Common Law, Equity, Judicial Precedent, Civil Law, Criminal Law, Statute Law, Case Law, and EC Law.
- Describe the role of courts and other methods of Dispute Resolution in business.
- Identify, describe, and distinguish relevant legislation affecting the Accountant.
Associated Assessment Criteria for Exit Level Outcome 6:
- Display knowledge and understanding of Management Accounting control and decision-making techniques.
- Communicate effectively as an Accountant using these techniques.
Associated Assessment Criteria for Exit Level Outcome 7:
- Understand principal concepts and models in the Strategic Management process.
- Evaluate and apply concepts and models in the Strategic Management process to diagnose and analyze organizational problems.
- Contribute to improving business performance through strategic management.
Integrated Assessment:
- All assessments will comply with the university's assessment policy.
- Formative assessments are internally moderated, while summative assessments are externally moderated.
- Formative assessments include four tests during the year, with equal weighting for three tests and a fourth as a sick, aegrotat, or replacement assessment.
- The three best formative assessments will contribute forty percent of the qualification mark.
- Summative assessment consists of a 180-minute final examination at the end of the academic period and contributes sixty percent of the final assessment mark.
Qualification Details
- Type
- Advanced Diploma
- NQF Level
- 07
- Min. Credits
- 120
- SAQA Source
- More Information
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