Bachelor of Accounting
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Purpose: This qualification provides learners with a thorough theoretical grounding and knowledge base in the key principles of Accounting, covering a range of areas such as Auditing, Management Accounting, Financial Management, and Taxation. The Bachelor of Accounting is designed for learners who intend to pursue a career in Accounting. Learners will be well-prepared with the insight and skills relevant to further specialized study in support of lifelong learning. The specific skill sets incorporated in the design make graduates highly attractive to prospective employers and add value to the employing organization. The scope of the qualification is aligned with syllabus requirements of professional accounting organizations and related bodies to ensure comprehensive coverage of areas such as Auditing, Management Accounting, Financial Management, and Taxation.
Objectives:
- Cover the core content of the educational component of competency frameworks of professional bodies to meet the theoretical criteria for the award of professional designations.
- Develop independent and critical thinking skills in learners through interactive study material, fostering active participation and establishing principles for lifelong learning.
- Provide a technically focused education to equip learners with knowledge, proficiency, and skills to demonstrate initiative, responsibility, and leadership qualities.
Rationale: The qualification is designed in response to the demand for qualified Accountants to support effective financial management in public entities, municipalities, government departments, and other state entities. Private entities and corporations require sound financial governance for sustainability, leading to a shortage of qualified individuals for these roles. Completion of this qualification, combined with workplace experience, enables learners to apply for Financial Management professional designations from various professional bodies in South Africa, such as the South African Institute of Professional Accountants. Graduates will possess skills to analyze financial information, apply global audit techniques, maintain records, and offer technical advice, paving the way for fulfilling careers in Auditing, Management Accounting, Financial Management, and Taxation in local, national, regional, and global business sectors, as well as the public sector.
Outcomes
- Demonstrate an understanding of the broad South African business and legal environment and the national economy in which businesses operate.
- Demonstrate the ability to provide accurate financial information from the processing of initial transactions to the preparation of financial statements for a complex range of business enterprises and groups in accordance with relevant legislation and the International Standards of Financial Reporting.
- Demonstrate the ability to evaluate and resolve a range of business problems for both long and short-term decision making purposes.
- Complete audits in a range of business environments using International Audit Standards.
- Demonstrate the ability to communicate effectively with all interested stakeholders in business in a professional and responsible manner on a range of business related topics.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1:
- Knowledge in a range of disciplines: Demonstrated understanding of the global business environment, the national economy, general principles of Law, and Information Technology.
- Appropriate business types and registration requirements: Understanding of different business types and their registration requirements.
- Financial management legislation: Application of financial management legislation to various business enterprises.
- Relationships between disciplines: Analysis of the relationships between broad disciplines and core subject areas.
Associated Assessment Criteria for Exit Level Outcome 2:
- Preparation of financial statements: Preparation of financial statements for complex business enterprises and groups in accordance with International Financial Reporting Standards.
- Application of International Financial Reporting Standards: Applying IFRS in financial reporting activities.
- Application of accounting principles: Applying accounting principles to various business enterprises.
- Preparation of income tax returns: Preparation of individual and business income tax returns.
Associated Assessment Criteria for Exit Level Outcome 3:
- Evaluation of organizational performance: Evaluating organizational performance to facilitate informed decision-making for business objectives.
- Use of financial information: Using financial information for organizational decisions.
- Proposal of alternative courses of action: Suggesting appropriate alternative courses of action.
- Provision of technical expertise: Providing technical expertise and advice.
Associated Assessment Criteria for Exit Level Outcome 4:
- Compilation of audit file: Compiling an audit file for a client.
- Application of International Audit Standards: Applying International Audit Standards to various business enterprises.
- Preparation of audit reports: Preparing audit reports for different types of audit engagements.
- Provision of technical advice: Offering technical advice to an audit client.
Associated Assessment Criteria for Exit Level Outcome 5:
- Communication of ideas: Effectively communicating ideas and providing supporting evidence.
- Recognition of communication limitations: Identifying communication limitations and seeking help when necessary.
- Preparation of reports: Creating reports to management to communicate financial information professionally and effectively, including recommendations for improvement.
Integrated Assessment:
- Formative Assessment: Continuous feedback through assignments, real-world briefs, tests, and portfolios based on learning material.
- Summative Assessment: Judgement of learning in relation to Exit Level Outcomes through examinations, projects, reports, and portfolios assessing a representative selection of outcomes.
By aligning the assessment criteria with each exit level outcome, learners can demonstrate their proficiency in various areas of business, finance, and management.
Qualification Details
- Type
- National First Degree
- NQF Level
- 07
- Min. Credits
- 422
- 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.