Bachelor of Commerce in Accounting

Apply educational knowledge, skills, principles and methods to practice as a general accountant offering accounting and tax services as an Associate General Accountant (AGA) or Commercial and Financial Accountant (CFA).

• Responding to the needs of the community
• Responding to business and industry needs
• In the private sector
• In economic, business and financial environments
• 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 Further Education and Training Certificate Level 4 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 corporate reports in compliance with General Accepted Accounting Practice (GAAP).
2. Demonstrating elementary knowledge of audit profession, audit approach and internal control.
3. Demonstrating knowledge of the Income Tax Act, Estate Duty Act and VAT Act in order to calculate tax liability.
4. Demonstrating knowledge of strategic management, cost methods and to interpret management information and financial statements.

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

1. Prepare financial statements in accordance with certain statements of GAAP and applicable legislation.
2. Prepare group statements by incorporating holding companies, subsidiaries and associates.
3. Analyse internal control on an elementary level and communicate findings.
4. Demonstrate an elementary understanding of the ethical code of accountants and auditors.
5. Apply knowledge to facilitate the audit planning and process on an elementary level.
6. Calculate personal income tax and estate duty.
7. Calculate corporate income tax and secondary tax.
8. Interpret and calculate Value Added Tax.
9. Apply and interpret different cost methods and management techniques.
10. Calculate cost of capital and to analyse investing and financing decisions.
11. Formulate and implement suitable business strategies.

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. Compile an elementary audit programme.
3. Recommendations on improvements on internal control o an elementary level.
4. Calculate tax liability for:

• Personal tax
• Corporate tax
• VAT
• Estate duty
• Donations tax

1. Management Accounts.
2. Cost reports.
3. Cost volume analysis.
4. Budgets.
5. Investment decisions.
6. Finance decisions.
7. Business valuations.
8. Analysis of financial statements.
9. Compile management strategies.

Integrated assessment

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

• Written tests and examinations.
• Assignments.
• Group discussions.

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