Bachelor of Commerce in Accounting
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Purpose
The purpose of the Bachelor of Commerce in Accounting is to provide learners with the knowledge and equip them with accounting-related skills. A qualified learner will be able to:
- Identify weaknesses in a business control environment and perform audit functions.
- Prepare financial information within a business entity for management decision-making.
- Assist companies in achieving their goals and objectives by preparing financial statements and tax compliance.
Rationale
The objective of the qualification is to equip graduates with the skills necessary to engage and participate in the field of accounting. The development of the qualification is in line with the Vision, Mission, and Strategic Goals of the institution. The institution's mission is to provide globally competitive qualifying learners relevant for the human capital needs of the country. By upholding high standards of research and academic excellence, the curriculum ensures international standards concerning Financial Reporting and Auditing.
The qualification addresses the skills shortage in the accounting field in South Africa and other African countries, meeting the demand for accounting experts and practitioners. It aims to provide learners with competencies needed in various fields of accounting in the private and public sectors. Both SAICA and SAIPA have indicated a need for Accountants in the country. The Bachelor of Commerce in Accounting aims to produce graduates who can further their studies and become Chartered Accountants or Professional Accountants, addressing the lack of diversity in these professions.
In conclusion, the qualification enables learners to pursue careers in accounting, providing opportunities for employment as entry-level bookkeepers or in various accounting and administration roles in both commercial private and public sectors.
Outcomes
- Prepare computations of the income tax liability for individuals, companies and other entities.
- Display the values of intellectual honesty and ethical behaviour, perform assignments or activities with the highest standards of integrity, as per the profession's ethical standards.
- Prepare and present financial information according to the required accounting frameworks or regulations, Johannesburg Stock Exchange regulation, Companies Act and any applicable structure or regulation.
- Prepare financial reports using financial management and management accounting tools and techniques so that management can be able to make informed and sound business decisions.
- Assess the control environment of an entity and participate in the assurance activities that are performed by different auditors such as external auditors, internal auditors and forensic auditors.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1:
- Compute the income Tax/VAT liability or asset for an individual or company with simple business operations.
Associated Assessment Criteria for Exit Level Outcome 2:
- Display ethical values and professional practice in the acquisition, dissemination and application of knowledge in Accounting.
- Demonstrate an understanding of the impact and consequences of decisions from a moral standpoint.
Associated Assessment Criteria for Exit Level Outcome 3:
- Prepare annual financial statement in terms of the applicable accounting standards and relevant regulatory frameworks.
- Prepare an integrated annual report.
Associated Assessment Criteria for Exit Level Outcome 4:
- Prepare management reports that will be useful to Management when making business decisions.
- Apply management accounting and financial management tools and techniques that are relevant in a business case.
Associated Assessment Criteria for Exit Level Outcome 5:
- Identify control system weaknesses.
- Develop control procedures that will enhance the performance of the entity and ensure that the body complies with all applicable legal frameworks or legislation.
- Perform Assurance activities are performed, applying the relevant assurance standards, e.g. International Auditing Standards.
Integrated Assessment:
- The Department utilises an integrated continuous assessment model incorporating, formative and summative assessment.
- A range of assessment instruments, including but not limited to, objective tests, essays, reports, presentations, group work, projects, term tests and examinations, will contribute to each disciplines final mark.
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.