Business, Commerce and Management Studies - Finance Economics and Accounting
This qualification aims to equip graduates with strong mastery of financial accounting, management accounting and finance, auditing and taxation in a manner that prepares them to be responsible social citizens to contribute toward managerial, accounting and finance positions in the Republic. Furthermore, this qualification prepares the learners for national and international professional qualification in accounting and to postgraduate research programs.
The rationale for this qualification is to produce graduates with competence in theoretical and practical knowledge of accountancy - with critical and analytical thinking to prepare and interpret financial records relevant to the competency framework of the South African Institute of Chartered Accountants (SAICA) and the need of the national and international labor market.
Preparation of Financial Statements: Learners should be able to demonstrate competence in preparing relevant financial statements using available source data or by analyzing and interpreting prepared financial statements.
Business Judgment: Learners should be able to apply good business judgment through theoretical and practical skills to solve complex business problems.
Capital Investment Analysis: Learners should be able to determine the effect of tax, risks, and inflation in capital investment options using two common capital investment analyses.
Financial Information System: Learners should be able to identify inadequacies in a corporate financial information system and suggest improvements.
Audit Planning: Learners should be able to describe a sample audit planning and associated program for a firm's operation.
Legal and Professional Responsibility of an Auditor: Learners should be able to explain the suitable legal and professional responsibility of an auditor.
Cost Management: Learners should be able to determine an effective cost management system for a given firm, calculate and prepare such information for strategic cost decisions of management.
Tax Position Analysis: Learners should be able to analyze and advise a tax entity regarding its tax position.
Interrelatedness of Accounting, Economics, and Law: Learners should have mastered the interrelatedness existing between accounting, economics, law, and their impact on economic stability and development.
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