Bachelor of Accounting Honours

Apply educational knowledge, skills, principles and methods to practice as a general accountant with a specialized knowledge of financial accounting, taxation, business finance, management accounting, auditing and enrolling for the qualifying examination for Chartered Accountancy.

• Responding to the needs of the community
• Responding to business and industry needs
• In life-long learning and the appreciation of the value of education and society

Qualifiers will demonstrate knowledge, skills and applied competence in the field of study that provide opportunities for continued personal growth, gainful economic activity and rewarding contributions to society.

- Learners who register for this qualification can

• Learn from predominantly written material
• Communicate what they have learnt comprehensively in the medium of instruction
• Learn and take responsibility for their own progress
• Recognition of prior learning

The qualification recognizes formal and non-formal prior learning (incorporating experiential learning) at a Higher Education and Training Certificate Level 6 or a functional equivalent.

The planned combination of learning outcomes are integrated with critical cross-field outcomes for this Qualification

Practical Competency

The demonstrated ability/skill to achieve the major Skills/Applied Competency of the qualification.

Foundational Competency

The demonstrated understanding, by the Learner, of the embedded knowledge that underpins the end result/outcome.

Reflective Competency

The demonstrated ability/skill to integrate or connect our performances and to reflect on, evaluate and adopt the above competencies.

To successfully complete the qualification the learner will have to demonstrate his/her learning via module specific learning outcomes as well as critical cross-field learning outcomes.

Module specific outcomes will include capabilities relating to module knowledge and the understanding thereof within a management leadership context and capabilities relating to integrated knowledge and skills from a variety of disciplines within the management leadership field.

Critical cross-field outcomes will include those specified in the learning outcomes for approved modules in the certificate and as appropriate to the learner's field of practice.

1. Preparing detailed corporate reports in compliance with General Accepted Accounting Practice (GAAP).
2. Demonstrating and applying theoretical and practical knowledge of auditing.
3. Demonstrating knowledge of the Income Tax Act, Estate Duty Act and VAT Act in order to calculate tax liability.
4. Demonstrating knowledge of cost methods and corporate financial management and to interpret cost and management information.

The learner will be able to analyse and apply the basic principles relevant to the following

1. Prepare financial statements in accordance with GAAP and applicable legislation.
2. Prepare group statements by incorporating holding companies, subsidiaries, associates and joint ventures.
3. Interpret General Accepted Auditing Practice.
4. Demonstrate knowledge of corporate law and ethical code of accountants and auditors.
5. Apply knowledge to facilitate the audit process including the audit of EDP systems.
6. Calculate personal income tax and estate duty.
7. Calculate corporate income tax and secondary tax.
8. Interpret and calculate Value Added Tax.
9. Interpretation of tax laws and court cases.
10. Apply and interpret different cost methods and management techniques.
11. Calculate cost of capital and to analyse investing and financing decisions.
12. Analyse financial statements and determine business valuations including amalgamations, take-overs and reconstructions.
13. Communicate financial and control information.

A learner should provide evidence of learning competency (knowledge, skills and attitude) by means of the following

1. Financial statements drawn up according to set standards
2. An audit programme compiled for statutory audits
3. Management report on improvements on internal control
4. The audit report
5. Risk analysis
6. Calculation of the tax liability in respect of:

• Personal tax
• Corporate tax
• VAT
• Estate duty
• Donations tax
• Other taxes, e.g. Stamp duty

1. Estate planning
2. Tax planning
3. Management Accounts
4. Cost reports
5. Cost volume analysis
6. Budgets
7. Investment decisions
8. Finance decisions
9. Business valuations
10. Analysis of financial statements

Integrated assessment

Competence is achieved, through continuous assessment by demonstrating the ability to achieve the outcomes of the Qualification

• Fully integrated tests and examinations.
• Discussion group.
• Written assignments.

This will be supported by a module credit system, followed by a final exam on the modules for which credit was not obtained

Assessment documents are moderated to ensure that

• They conform to the scope and context of the competency as stipulated in the qualification
• They are constructed in such a way that the Assessor assesses the critical outcomes applied, during the Learners activity performances, towards achieving an outcome.

Assessments are

• To include confirmation of the Embedded Knowledge component to ensure that the Foundational Competency is achieved
• To be verified by Internal Verifiers to ensure valid, credible, true and fair results