Bachelor of Commerce in Financial Accountancy
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Purpose: The primary purpose of the Bachelor of Commerce in Financial Accountancy is to provide a well-rounded, broad education that equips qualifying learners with the knowledge base, theory, and methodology in conjunction with procedural knowledge of financial accountancy, and to enable them to demonstrate initiative and responsibility in a professional context. The qualification prepares learners for professional training and post-graduate studies. Qualifying learners can function as financial accountants and internal auditors. Qualifying learners of the qualification will find employment in a variety of sectors such as those mentioned above, in managerial positions, as well as being able to contribute to society by setting up their own businesses and through entrepreneurial initiatives.
Rationale: The Bachelor of Commerce in Financial Accountancy is a qualification that is in line with the requirements of the South African Institute for Professional Accountants (SAIPA) and will provide South Africa with skilled and well qualified financial accountants and internal auditors. Qualifying learners who complete the traineeship can qualify to register as Financial Accountants with the SAIPA.
Outcomes
- Demonstrate and apply a foundation of knowledge, skills and professional values and ethics that enables learners to continue to learn and adapt to change throughout their professional lives.
- Demonstrate professional competency and specialist knowledge of the financial accountancy field that encompasses accounting and finance### organisational and business knowledge### information technology knowledge and competencies.
- Develop and apply professional knowledge and skills gained such as intellectual, technical, and functional, personal, interpersonal and communication skills and organisational and business management to resolve complex problems in the accounting practice.
- Take decisions and act ethically and professionally, and be able to justify those decisions and actions drawing on appropriate ethical values and approaches within a supported environment.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1:
- Analyse, evaluate and apply a systematic and integrated knowledge and understanding of fundamental accounting terms, concepts, facts, principles, rules, and theories.
- Develop appropriate levels of knowledge and skills in financial accounting, financial management, management accounting, taxation, auditing, and information technology.
Associated Assessment Criteria for Exit Level Outcome 2:
- Illustrate an understanding of the interrelatedness of different areas of management and accounting and how actions, ideas, or developments impact applications of theory and practice.
- Apply basic techniques for the identification and control of costs and cost management.
- Explore financial accounting in commercial and public sector bodies and its wider role in society, and the role of the management accountant within organizations.
- Apply tools and techniques to outline the mathematics associated with managing business operations.
Associated Assessment Criteria for Exit Level Outcome 3:
- Experiment with and apply knowledge and understanding of accounting information systems.
- Apply knowledge of accounting information systems in the business environment.
- Participate and interact on a practical level in a business environment.
- Make use of and ensure that the tools and techniques that generate needed information are evaluated and controlled and presented and projected.
- Apply appropriate tools and techniques for identifying the key types of a competitive environment.
Associated Assessment Criteria for Exit Level Outcome 4:
- Work independently and as part of a team, taking responsibility for identifying and dealing with situations.
- Model an understanding of the ethical and social implications of management and accounting actions on the organization, community, and society at large is demonstrated by analyzing existing societal structures.
- Motivate solutions for identified complications within the business.
Qualification Details
- Type
- National First Degree
- NQF Level
- 07
- Min. Credits
- 360
- SAQA Source
- More Information
Education Cost Calculator
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.