Purpose and Rationale

Qualification Purpose

The primary purpose of this qualification is to provide qualifying learners with applied competencies in the mastering, analysis, interpretation, and application of accounting, business, financial management, and taxation principles. The aim is to prepare learners for a career in the accounting, financial management, and taxation fields, as well as to establish a foundation for further learning.

Upon completion of this qualification, learners should be equipped to reflect on their accounting, business, financial management, information management, and taxation decisions. They should be able to assess the impact of these decisions in the broader context of financial management practices.

Outcomes

Demonstrate their ability at applying the theoretical principles of the problem identification and solving in the field of financial management correctly at a pre-graduate level correctly and reflect on the application made. (Problem solving skills)

Explore different learning strategies to acquire the multidisciplinary capabilities of a financial manager? (Explore learning strategies)

Plan and conduct research in the field of financial management, including the gathering, analysing, synthesizing and interpretation of information on issues pertaining to the field of financial management correctly by utilising the relevant theoretical research principles and reflect on the research undertaken. (Research skills)

Communicate effectively orally or in writing with the different role players in the field of financial management by applying the theoretical principles of communication and reflect on the application made? (Communication skills)

Utilise appropriate technology (example computer, e-mail, fax) effectively in the financial management environment. (Technological and environmental literacy)

Acquire acceptable employment seeking skills that will give them the edge to enter the different levels of the financial management profession by utilising the theoretical principles and reflecting on the application thereof. (Employments seeking skills)

Gain insight into the inter-relatedness of the law and economic and business science to develop theoretical and practical macro vision of the management and organisation of the financial management environment internationally, nationally, regionally and locally. (Development of micro vision)

Effectively and responsibly organise and co-ordinate resources and opportunities in the financial management field by applying the relevant theoretical principles and reflect on the application (including entrepreneurship, where relevant) as well as accept the responsibility for their own activities in the financial management environment. (Entrepreneurship/responsibility skills)

Practice acceptable social sensitivity in the relationship with others and work effectively in a multidisciplinary team or organisation by implementing the relevant theory and reflect on the implementation made? (Team ship)

Demonstrate responsible citizenship through their holistic approach to the application of professional values in the financial management (Promoting citizenship)

Practice acceptable social, cultural and aesthetic sensitivity towards the people of different financial management communities and the role players in the financial management industry by applying the appropriate theoretical principles and reflecting on the application made. (Cultural and aesthetic sensitivity)

Assessment Criteria

Formative Assessment:

Problem solving skills: The learners will demonstrate their ability to apply theoretical principles of problem identification and solving in financial management at a pre-graduate level. They will reflect on their application.
Explore learning strategies: Learners will explore different learning strategies to acquire multidisciplinary capabilities of a financial manager.
Research skills: Learners will plan and conduct research in financial management, including gathering, analyzing, synthesizing, and interpreting information. They will utilize relevant theoretical research principles and reflect on the research undertaken.
Communication skills: Learners will communicate effectively orally or in writing with different role players in the financial management field. They will apply theoretical principles of communication and reflect on their application.
Technological and environmental literacy: Learners will utilize appropriate technology effectively in the financial management environment.
Employment seeking skills: Learners will demonstrate acceptable employment seeking skills applying theoretical principles and reflect on their application.
Development of macro vision: Learners will gain insight into the inter-relatedness of law, economics, and business science to develop a theoretical and practical macro vision of financial management internationally, nationally, regionally, and locally.
Entrepreneurship/responsibility skills: Learners will effectively organize and coordinate resources and opportunities in the financial management field. They will apply relevant theoretical principles, including entrepreneurship where relevant, and reflect on their application.
Teamship: Learners will practice social sensitivity in relationships with others and work effectively in multidisciplinary teams or organizations. They will implement relevant theory and reflect on their implementation.
Promoting citizenship: Learners will demonstrate responsible citizenship through a holistic approach to the application of professional values in the financial management field.
Cultural and aesthetic sensitivity: Learners will practice social, cultural, and aesthetic sensitivity towards different financial management communities and role players in the financial management environment. They will apply appropriate theoretical principles and reflect on their application.

Summative Assessment:

Integrated assessment will focus on achieving exit-level outcomes through summative assessment in conjunction with formative assessment.
Summative assessment will be done through a three-hour written examination at the end of each semester course covering all modules.
Learners are expected to progressively deepen and broaden their understanding of accounting, auditing, financial management, taxation, and business sciences.
Prior knowledge acquired in preceding years is a prerequisite for understanding material in subsequent years.
Assessment will evaluate the application and integration of previously acquired knowledge into the subject matter.

Qualification Details

Type

National First Degree

NQF Level

Min. Credits

432

SAQA Source

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Bachelor of Commerce in Finance