Bachelor of Commerce in Management
Business, Commerce and Management Studies - Generic Management
Purpose and Rationale
Bachelor of Commerce in Management
Purpose:
The primary purpose of this qualification is to provide learners with applied competencies in the mastery, analysis, interpretation, and application of business management. There is an emphasis on financial management and accounting principles in preparation for a career in the business management and accounting fields. It also serves as a basis for further learning.
This Bachelor of Commerce in Management is designed to provide opportunities for qualifying learners to access positions in middle, senior, and executive management in various departments, including finance and cost and management accounting. It will also be beneficial for learners dealing with the public sector, such as quasi-public institutions.
Learners will acquire a comprehensive and interrelated understanding of current and relevant management theories and practices prevalent in the public sector.
Rationale:
The Bachelor of Commerce in Management has been developed to meet specific national skills needs existing in South Africa's unique and diverse labor market. Distance education offers an ideal opportunity for managers in the public sector, across all three tiers of government, to upgrade their knowledge and professionalism without needing to attend full-time face-to-face tuition.
This program is primarily directed at individuals with foundational management knowledge and work experience who wish to enhance their management competencies in key areas of business management, with a focus on financial management, cost, and management accounting. It will also benefit those looking to start a career in business management with a strong financial focus, understanding that a mix of management and financial skills are essential for success in the public sector.
Successful completion of this qualification will enable practitioners to register as accounting officers with the relevant professional bodies.
Outcomes
- Understand the principles of business management as a science and how to incorporate them into the wide range of challenges in the South African Business environment in a multi-cultural context.
- Apply the key terms, concepts, facts, principles, rules and theories of business management to an organisation.
- Apply the key fundamentals and concepts of accounting principles and techniques to a business environment.
- Evaluate the available tools and techniques and select and apply the most ones to solve business financial problems in familiar and unfamiliar contexts.
- Discuss the inter-relatedness of the different areas involved in the business management environment, specifically pertaining to human resource management, information management, financial management and commercial law. Critical Cross-Field Outcomes: Identifying and solving problems are demonstrated during the application of business principles where creative thinking skills are used in developing and running a successful business. Working effectively with others is demonstrated in the successful application of management, human resources and accounting practices in the management of a business. Organising and managing self is demonstrated in the successful management of groups of people in various disciplines. Collecting, analysing, organising and critically evaluating information is indicated in the successful running and performance of a business. Communicating effectively, both verbally and in writing, is demonstrated through the successful engagement of all categories of people to maintain a successful business. Utilising science and technology effectively and critically is clearly indicated in the successful production of reports and the successful performing of the business. Demonstrating an understanding the world as a set of related systems is indicated the range of activities of the successful business manager and how this manager locates her/himself within the broader business system.
Assessment Criteria
Integrated Assessment Criteria
The following Associated Assessment Criteria are applied in an integrated manner to determine competence against the Exit Level Outcomes:
- Apply basic principles commonly used in the field of Statistics to a business.
- Utilise the fundamental concepts of finance, and understand where each of these concepts fits into the financial management function.
- Analyse and interpret the fundamental concepts of accounting.
- Apply the developed intellectual competencies and practical skills of management principles in the functional management areas of operational management, purchasing management, logistics management, the entrepreneurial process and business ethics.
- Apply the factors relating to consumer behaviour, developments in marketing, market segmentation and the principles affecting marketing strategy, such as product, price, place and packaging in making decisions regarding marketing communication especially in regard to services marketing and relationship marketing.
- Apply the concepts of human resource management as a function of the organisation.
- Apply the basic components of the law of contract and its requirements for validity.
- Apply the principles relating to the law of partnership, company law, close corporations law and business trust law to the business environment.
- Apply the International Financial Reporting Standards (IFRS), and the application thereof to the elements of financial statements, their measurement, recognition, presentation and disclosure.
- Apply the basic aspects of a company's own shareholders' interest and investments, with specific emphasis on simple investments, to various financial instruments and investments.
- Explain advanced general management concepts with the emphasis on the interpretation of additional management tasks and general management aspects, including decision-making, worker motivation, organisational communication, managing change, culture, innovation, diversity as well as planning techniques and modern organising practices.
- Utilise the knowledge of small business management and its unique characteristics in the South African and broader business environment.
- Analyse, apply and manage information in order to establish effective processes, to maintain quality and to apply technology maximally.
- Apply the concepts of cost accounting.
- Implement the methodology of project management into the business environment.
- Analyse, interpret and apply knowledge relating to intermediate macro-economic topics, concepts and issues.
- Apply economic indicators and the analysis of economic data to own business.
- Prepare, present and disclose comprehensive financial statements in compliance with the requirements of the International Financial Reporting Standards (IFRS) and in accordance with the Fourth Schedule of the Companies' Act no. 61 of 1973.
- Report on non-financial issues, such as the interaction between a company and the natural environment and society.
- Implement the concepts of stock control, planning and stock management, budgeting standard costing, performance measurement, and transfer pricing.
- Evaluate and select long-term investment options and make decisions regarding the financing of an enterprise and its long-term assets.
- Utilise the underlying concepts of cost accounting.
- Value business operations using different valuation methods and financial analysis techniques.
- Apply the theories of international economies (with an emphasis on international trade, but also international investment and international migration) to an African context with the aid of economic models and well-structured arguments.
- Demonstrate a coherent critical understanding of the role of money in the economy and what the role of money in the economy means for monetary policy in South Africa.
Integrated Assessment
Formative Assessment
Formative assessment methods include:
- Self-assessment activities in the learning materials.
- Case studies.
- Knowledge tests.
- Report writing and other generic management formats.
- Basic research and project-based assignments.
Summative Assessment
Summative assessment includes:
- Formal written examinations (where applicable oral assessment).
- Student readiness determines qualification for examinations.
- Assignments submission is required to write examinations in each module.
- Conducted continuously throughout the learning experience.
- Moderated per module to ensure fair assessment against planned outcomes.
Qualification Details
- Type
- National First Degree
- NQF Level
- 07
- Min. Credits
- 360
- SAQA Source
- More Information
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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.