Bachelor of Commerce Honours in Financial Management
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Qualification Aim
The broad aim of the qualification is the preparation of participants for executive positions in financial management. The approach is interdisciplinary with an emphasis on developing conceptual knowledge and problem-solving abilities in financial management issues within the context of strategic management planning.
Objectives of the Qualification
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Focus on the underlying concepts in financial management and management control within the context of strategic management, by studying appropriate textual and journal materials.
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Create a structure that enables participants to develop a rational approach to financial management in a relatively unstructured academic environment.
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Provide opportunities for participants to receive instruction and engage in discussions on financial planning, management, and control issues in depth.
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Develop the ability, within a specific financial situation in a business environment, to:
- Identify key issues.
- Focus on relevant information.
- Rank issues in order of importance.
- Process required computations.
- Suggest and debate alternative courses of action.
- Select the most appropriate course of action.
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Develop the ability to present a motivated solution to a complex financial issue, given the possibility of alternative solutions, to small and large groups of participants.
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Enhance participants' oral and written communication skills.
Outcomes
- Understand and manipulate quantitative information provided in tables, graphs and sets of equations.
- Critically understand written texts of descriptive, prescriptive and argumentative characters.
- Produce written texts of descriptive, prescriptive and argumentative characters to accepted international standards.
- Find information of professional relevance efficiently and independently.
- Use and organise such information to conduct systematic research aimed at providing answers to questions whose resolutions are not antecedently known, or to verifying answers that are assumed based on 'accepted wisdom.
- Evaluate a given particular financial situation and identify key issues, rank issues, suggest and debate alternative courses of action and select the most appropriate course of action.
- Present a written motivated solution to a complex financial problem.
- Present the motivated solution orally to both small and large groups of stakeholders.
- Use information-technology efficiently and independently.
- Use the internet to find and access information.
- Understand when and how to acknowledge the limitations of his or her expertise and elicit the more appropriate expertise of others.
- Appreciate the importance of life-long learning and the importance of self-initiative in pursuing it.
- Understand and initialised as a personal value the importance of conducting financial activity within the scope of the law.
Assessment Criteria
Exit Level Outcomes Assessment Criteria:
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Produce solutions to both familiar and novel business problems: Learners must demonstrate the ability to solve business problems effectively, whether they are familiar or novel in nature.
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Communicate understanding of business problems and solutions: Learners should be able to articulate their understanding of business problems and solutions clearly and effectively, without coming across as arrogant or presumptive.
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Receive and understand descriptions and suggestions from colleagues and clients: Learners must show the ability to critically receive and understand feedback and suggestions from business colleagues and clients.
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Differentiate between personal and social goals: Learners need to understand the difference between personal goals and social (corporate or public) goals, and the importance of prioritizing the latter even when they conflict with personal interests.
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Integrate technical competencies with general competencies: Learners should appreciate how specific technical competencies can be integrated with general competencies to address business challenges effectively.
Integrated Assessment Methods:
- Group presentations
- Discussion papers
- Individual assignments
- Group assignments
- Research report
Assessment Criteria for Integrated Assessment:
- Critical literacy
- Critical reasoning
- Numeric skills
- Computer literacy
- Practical research
- Report writing
Assessment of Learner Performance:
- Organisation of ideas and facts
- Anticipation of reader responses and objections
- Integration of numerical data
- Proper citation of references
- Consideration of alternative views and perspectives
Assessment of Competencies in Financial Management:
- Identifying and researching financial problems
- Assessing and formulating solutions for financial issues
- Reading, understanding, and integrating financial data
- Making basic judgments on financially-related information
- Preparing financial reports objectively, concisely, and clearly
Assessment Methods for Financial Management Competencies:
- Individual projects
- Classroom debates
- Written examinations
- Research report (approximately 10,000 words)
Research Report Examination Areas:
- Research problem formulation
- Integration of literature
- Appropriate methodology
- Integration of findings
External Examination:
- The research report will be subject to external examination to ensure quality and competence.
Qualification Details
- Type
- Honours Degree
- NQF Level
- 08
- Min. Credits
- 120
- SAQA Source
- More Information
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