Cape Peninsula University of Technology

Advanced Diploma in Accountancy

Business, Commerce and Management Studies - Finance Economics and Accounting

Purpose and Rationale

Purpose:

The purpose of the Advanced Diploma in Accountancy is to provide entry-level professional preparation by offering an intensive, focused and applied disciplinary knowledge within accountancy and some of its sub-disciplines, namely Cost and Management Accounting, Financial Accounting, Taxation and Public Sector Accountability via articulation pathways. The qualification is also designed to prepare learners for further postgraduate studies through the deepening of their knowledge and understanding of theories, methodologies and practices in accounting and some of its sub-disciplines, as well as the development of the ability to formulate, undertake and solve complex theoretical and practice related problems through the selection and use of appropriate methods and techniques. The qualification will also equip learners with the knowledge, skills, attributes and ethical consciousness to function optimally and become a competent practitioner, in line with the professional and ethical standards set out by the South African Institute of Tax Professionals (SAIT), Chartered Institute of Management Accountants (CIMA) and South African Institute of Professional Accountants (SAIPA). The qualification will thus bridge the gap in knowledge of aspiring accountants/bookkeepers/debtors clerks/stock clerks/creditors clerks/tax practitioners to gain professional certification. The qualification will equip learners not only in Accountancy but also with expertise in all areas of the business such as Management and Strategic Management, thereby addressing and informing all functions of the organisation at different levels of management.

Rationale:

The justification for educating accountants at various levels in South Africa is recognised by the Department of Home Affairs who has designated accountants and financial managers as a scarce skill in the Government Gazette, 37716 (2014). A general lack of trainee accountants/auditors/article clerks was reported by employers in their Work Skills Programme (WSP) submissions in the 2014/2015 financial year as well as most recent grant applications and the 2016/17 Sector Survey. (Financial Services Sector Education and Training Authority (FASSET) Workplace Skills Plan, 2015/6, FASSET Sector Skills Plan, 2018/2019:35-36). The qualification offers a career path for learners leading to professional certification in their respective fields of specialisation. The consequently increased employability is evidenced by the number of requests for placements by the industry for this type/calibre of learners which will alleviate the primary shortage of designated accountants and financial managers (FASSET Workplace Skills Plan, 2015/2016). The FASSET Scarce Skills Guide published in November 2015, highlights the reality that too few learners from previously disadvantaged groups were moving up to the higher professional qualification levels. It confirmed the dire need for professionalised accountants in support roles (FASSET Scarce Skills Guide, 2015/2016). Upon completion of the qualification, learners can apply for membership of the professional bodies and start with their workplace requirements as stated by the specific professional body. Ultimately, upon achieving full professional body membership, graduates may elect to establish their private practices rendering Accounting, Taxation, consulting and company secretarial services. Learners can be linked to different professional bodies as follows: By electing Taxation they may become eligible for membership with SAIPA and SAIT. By electing Management Accounting they may become eligible for credits from CIMA. Accountancy is on the scarce skills list as defined by the National Skills Development Strategy III and scarce skills areas of some Sector Education and Training Authorities (SETAs), and is a priority area for national and provincial strategic plans. The qualification is intended to provide an articulation route for Diploma learners to gain professional certification of their knowledge and experience. The qualification provides an opportunity for further education and applies specialisation after which the learners will have developed increased capacity to meet the high level of theoretical and intellectual independence as required by the HEQSF and so allow learners a pathway to progress to postgraduate study.

Outcomes

  1. Accurately prepare financial statements and reports, taking cognisance of the relevant IFRS and other relevant legislative and industry requirements and incorporating best practice.
  2. Evaluate systems of internal control, risk management and governance.
  3. Effectively perform independent reviews and prepare for audits.
  4. Comply with the highest ethical standards of the Accounting, Taxation and Public Sector professions.
  5. Render effective value-adding advisory services encompassing: strategic planning, systems optimisation/implementation and tax consultations to achieve strategic viability.

Assessment Criteria

Associated Assessment Criteria for Exit Level Outcome 1

  • Select appropriate accounting software package/s
  • Customise entity setup processes
  • Perform various accounting tasks accurately
  • Apply knowledge of accounting/taxation/legal procedures
  • Prepare reports in familiar and unfamiliar contexts

Associated Assessment Criteria for Exit Level Outcome 2

  • Assess governance, risk management, and internal controls
  • Communicate areas for improvement with recommendations
  • Identify weaknesses in internal control and/or risk management
  • Evaluate governance

Associated Assessment Criteria for Exit Level Outcome 3

  • Conduct an independent review
  • Present comprehensive audit reports
  • Detail areas for improvement with suggestions
  • Follow auditing conventions

Associated Assessment Criteria for Exit Level Outcome 4

  • Demonstrate compliance with ethical guidelines
  • Apply ethical practices in accounting contexts

Associated Assessment Criteria for Exit Level Outcome 5

  • Analyse financial and non-financial indicators
  • Demonstrate knowledge of accounting information systems
  • Set up and plan accounting systems
  • Evaluate accounting systems
  • Resolve complex client tax problems
  • Communicate effectively with stakeholders

Integrated Assessment

  • Continuous assessment
  • Formative and summative methods
  • Constructive alignment of curriculum outcomes, learning activities, and assessment
  • Feedback to enhance learner engagement
  • Formative assessment for student learning improvement
  • Summative assessment for assessing student attainment
  • Variety of assessment tasks including assignments, projects, case studies, and tests

Qualification Details

Type
Advanced Diploma
NQF Level
07
Min. Credits
120
SAQA Source
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Cape Peninsula University of Technology
Description
Cape Peninsula University of Technology (CPUT) is a public university located in Cape Town, South Africa. It was established in 2005 through the merger of three separate institutions. CPUT offers a wide range of undergraduate and postgraduate programs in various fields including engineering, business, health sciences, applied sciences, and design and informatics. The university is known for its focus on applied research and innovation, and it has strong partnerships with industry and community organizations. CPUT is committed to providing quality education and preparing students for successful careers in their chosen fields.

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