Bachelor of Commerce Honours in Accountancy

Exit Level Outcome 1:

• Identify and/or describe a practical problem in existing accountancy practice:

  • Example: Identify the challenges faced by small and medium-sized enterprises in implementing International Financial Reporting Standards (IFRS).

• Formulate an appropriate research question or questions to address the identified problem:

  • Example: How do small and medium-sized enterprises overcome the challenges in implementing IFRS?

• Describe and execute a process and utilize an appropriate research method or methods that is/are suitable to answer the research question(s):

  • Example: Conduct interviews with SME owners and financial managers to gather data on their experiences with IFRS implementation.

• Present a synthesized and organized review of recent and relevant literature, information, standards and other resources available in the accountancy field:

  • Example: Review recent studies on IFRS implementation in SMEs and relevant accounting standards.

• Critically evaluate the knowledge in the context of the research problem:

  • Example: Analyze the effectiveness of current support mechanisms for SMEs in adopting IFRS.

• Offer solutions to the identified research problems:

  • Example: Propose tailored training programs and guidance for SMEs to facilitate successful IFRS implementation.

Exit Level Outcome 2:

• Integrate and apply the accounting pronouncements and techniques relevant to external financial reporting practice:

  • Example: Apply IFRS standards to prepare financial statements for a complex business transaction.

• Identify, analyze and solve complex, abstract and/or integrated technical external financial reporting problems or uncertainties, by drawing systematically from the relevant accounting pronouncements:

  • Example: Resolve issues related to revenue recognition under IFRS 15 for a multinational corporation.

• Present contextualized external financial reporting opinions supported by defendable arguments on unfamiliar and complex problems by selecting and applying the relevant accounting pronouncements:

  • Example: Justify the treatment of a unique financial instrument in the financial statements based on IFRS requirements.

• Argue any ethical concerns brought about by dubious accounting practices:

  • Example: Critically discuss the ethical implications of aggressive revenue recognition policies.

• Act, lead, work and communicate in a manner that resembles a professional accountant and use information technology to enhance financial reporting or demonstrate an understanding of its use:

  • Example: Utilize accounting software to streamline financial reporting processes and ensure accuracy.

Exit Level Outcome 3:

• Describe the appropriate steps or procedures in performing any phase of an assurance engagement or evaluate and criticize manual or computerized internal control and governance systems:

  • Example: Evaluate the effectiveness of internal control systems in preventing fraud within a company.

• Identify, analyze and solve complex, abstract and/or integrated assurance problems or uncertainties, by drawing systematically from the relevant auditing pronouncements and legislation:

  • Example: Address issues related to material misstatements in financial statements during an audit engagement.

• Present contextualized assurance reports or opinions supported by defendable arguments and through the application of professional judgment:

  • Example: Provide recommendations to improve internal controls based on audit findings.

• Identify, argue and respond to any ethical concerns arising from chartered accountancy practice, including assurance practice, as well as from corporate governance practices:

  • Example: Discuss the ethical considerations of auditor independence in the context of providing non-audit services to audit clients.

• Act, lead, work and communicate in a manner that resembles a professional Auditor:

  • Example: Demonstrate leadership in managing audit teams and effectively communicating audit findings to stakeholders.

Exit Level Outcome 4:

• Perform and/or criticize advanced tax calculations or extracts thereof, through the retrieval and critical analysis of information:

  • Example: Analyze the tax implications of a corporate restructuring to optimize tax efficiency.

• Identify, analyze and solve complex, abstract and/or integrated technical tax problems, by drawing systematically from the taxation pronouncements, legislation and case law relevant to tax practice:

  • Example: Resolve transfer pricing issues in compliance with tax laws and regulations.

• Present contextualized taxation opinions supported by defendable arguments based on the relevant authority:

  • Example: Justify a tax planning strategy based on current tax laws and regulations.

• Argue any ethical concerns brought about by dubious tax practices:

  • Example: Critically evaluate the ethical implications of aggressive tax avoidance schemes.

• Act, lead, work and communicate in a manner that resembles a professional Tax Specialist:

  • Example: Provide guidance to clients on tax compliance and planning strategies while upholding professional ethics.

Exit Level Outcome 5:

• Explain the theories available in the management accounting and finance field, as well as their relevance to the financial problem or decision at hand:

  • Example: Apply cost-volume-profit analysis to assist in pricing decisions for a new product.

• Review, analyze and appropriately interpret financial and non-financial information of the business, industry and general economic environment:

  • Example: Analyze financial statements and industry trends to make strategic investment recommendations.

• Present contextualized management accounting and finance opinions supported by defendable arguments:

  • Example: Recommend a capital budgeting strategy based on a thorough analysis of investment opportunities and risks.

• Recommend appropriate solutions or actions in response to unfamiliar, complex or uncertain management accounting and finance problems or decisions within the context of the company as well as the context of the environment:

  • Example: Develop a performance measurement system to align with the company's strategic goals.

• Recommend creative responses with regards to the responsible financial management of a company and its assets within its strategic aims:

  • Example: Propose sustainable cost management initiatives to enhance long-term profitability.

• Act, lead, work and communicate in a manner that resembles a professional Management Accountant or Financial Manager:

  • Example: Lead cross-functional teams in budgeting and forecasting processes to support strategic decision-making.