Milpark Education

Bachelor of Commerce

Business, Commerce and Management Studies - Finance Economics and Accounting

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Purpose and Rationale

Programme Details:

  • Purpose: The programme is designed to equip students with the knowledge and skills needed to enter the job market in the general field of commerce or to pursue further studies at either Postgraduate Diploma or Honours level. Additionally, two alternative streams allow students to specialize in either financial planning or banking.

    • Financial Planning Stream: Equips students for a career as a financial planner, covering all aspects relating to personal and corporate financial planning and investments.
    • Banking Stream: Equips students with knowledge and skills required for a career in banking, covering all aspects relating to credit, banking products, and finance.

  • Rationale:

    • A Bachelor of Commerce Degree with a major in the financial planning stream aligns with the Financial Services Board requirements for registration, enabling a career path into a Postgraduate Diploma: Financial Planning, a requirement for registration as a certified financial planner.
    • Offering a major in banking and a more generic route provides flexibility for students to select their areas of interest.
    • The two areas of specialization cater to the focus on relevant and specific qualifications for the financial services industry, mandated by legislation like the Financial Advisory and Intermediary Services Act.
    • Professional designations in the field often require Postgraduate studies, and a Bachelor of Commerce Degree with optional majors in these areas serves as a foundational basis for further studies in these fields.

Outcomes

  1. Demonstrate awareness of the management and leadership competences necessary to operate in the local or international business environment in the fields of Banking, Financial Planning or General Commerce.
  2. Demonstrate awareness of the essential components of an effective operations strategy in the field of Banking, Financial Planning or general commerce.
  3. Demonstrate awareness of essential economic theory and its managerial and business implications for Banking, Financial Planning or general commerce.
  4. Conduct business research with appropriate supervision in the fields of Banking, Financial Planning or General Commerce. Critical Cross-Field Outcomes: Qualifying learners will be required to demonstrate competence in the following Critical Cross Field Outcomes: Identify, systematically examine, critically evaluate and solve problems in which responses display that responsible decisions have been made, using critical and creative thinking. Organise and manage oneself and one's activities responsibly and effectively. Collect, analyse, organises and critically evaluate information. Demonstrate an understanding of the world as a set of related systems by recognising that problem solving contexts do not exist in isolation. Self manage skills development from the range of experiences and learning opportunities available. Transfer skills and continuous learning to organisational setting.

Assessment Criteria

Associated Assessment Criteria for Exit Level Outcome 1:

  1. Engagement with Essential Management Competences:
    • Demonstrate critical engagement with planning, organisational design, decision-making, teamwork, leadership, and communication.
  2. Factors Driving Globalisation and MNEs:
    • Identify and explain the factors leading to globalisation and the emergence of Multi National Enterprises.
  3. Cultural Dimensions of Major Trading Partners:
    • Understand the cultural dimensions of South Africa's major trading partners and their management implications.
  4. Application of Tools for Risk Analysis:
    • Select and apply tools for organisational, industrial, political, and country risk analysis in various contexts.

Associated Assessment Criteria for Exit Level Outcome 2:

  1. Relationship between Organisational Resources and Customer Needs:
    • Explain the connection between organisational resources and meeting customer needs in different contexts.
  2. Quality Management and Regulatory Compliance:
    • Discuss dimensions and approaches to quality management and regulatory compliance.
  3. Operations Strategy Analysis:
    • Apply tools for operations strategy analysis in diverse situations.
  4. Integration of Knowledge for Entrepreneurial Process:
    • Integrate knowledge from finance, economics, and marketing to develop and evaluate an entrepreneurial process.

Associated Assessment Criteria for Exit Level Outcome 3:

  1. Analysis of Microeconomic and Macroeconomic Data:
    • Represent, analyse, and interpret various microeconomic and macroeconomic data.
  2. Consumer and Producer Equilibrium:
    • Analyse conditions of consumer and producer equilibrium.
  3. Relationships in the South African Economy:
    • Understand the relationships between sectors of the South African Economy and its macroeconomic objectives.
  4. Tools for International Trade and Finance Analysis:
    • Apply commonly used tools for analysing international trade and finance in different contexts.

Associated Assessment Criteria for Exit Level Outcome 4:

  1. Business Research Problem Definition:
    • Define a business research problem and formulate relevant research questions.
  2. Business Research Proposal Development:
    • Develop a credible business research proposal.
  3. Data Collection and Analysis:
    • Collect and analyse data using appropriate research methods.
  4. Research Report Compilation:
    • Compile a comprehensive and logical research report with suitable business and academic language.
  5. Presentation of Research Findings:
    • Present key findings of the research process using appropriate language and technologies.

Integrated Assessment:

  • Case Studies:
    • Self and formative assessment through case studies and assignments.
  • Summative Assessments:
    • Integrated into learning at the end of each module.
  • Use of Proposals and Financial Plans:
    • Integral components for assessment.

Qualification Details

Type
National First Degree
NQF Level
07
Min. Credits
370
SAQA Source
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Milpark Education
Milpark Education
Description
Milpark Education is a private higher education institution based in South Africa. It offers a range of undergraduate and postgraduate qualifications in the fields of business, commerce, and management. Milpark Education aims to provide students with practical and relevant education that prepares them for the workplace. The institution offers both contact and distance learning options, allowing students to study at their own pace and convenience. Milpark Education also has partnerships with various international institutions, providing students with opportunities for global exposure and networking.
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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.