Diploma in Industrial Engineering

Graduates obtaining this qualification will be competent in applying operations management techniques and strategies resulting in effectiveness and productivity in industry. The qualified person will be able to register with ECSA.

Recognition of Prior Learning (RPL)

Access may be granted, through the Recognition of Prior Learning (RPL), to learners who do not meet the minimum entry requirements.

Entry Requirements

• A qualification at Level 5 in Interior Design.
• National Senior Certificate, Level 4 granting access to Diploma studies with Mathematics, Science and English Second Language.
• Senior Certificate, Level 4 with Matriculation exemption with Mathematics, Science and English Second Language.
• National Certificate Vocation, Level 4 with a relevant specialisation, granting access to Diploma studies with Mathematics, Science and English Second Language.

The qualifying learner should be able to

1. Audit manual and computerised business cycles.
2. Prepare and interpret financial statements of companies and groups of companies in accordance with GAAP, including the valuation of interests represented by these statements.
3. Record the accounting implications of changes within a company structure and investments.
4. Determine the tax liability of individuals, assist with the tax liability of other legal entities and prepare submissions to the South African Revenue Services.
5. Identify the economic environment within which South African commercial organisations apply their trade.
6. Develop an administration system together with the business plan for a small retail business.

Specified Outcomes

1.1 Draw up an audit program in accordance with current practice.

1.2 Perform manual and computerised compliance and substantive financial audit tests on various fields within the organisation.

1.3 Perform manual and computerised operational audit tests on various fields within the organisation.

1.4 Apply statistical sampling in selecting data for audit tests.

2.1 Prepare financial statements for companies disclosing all information required by GAAP.

2.2 Prepare consolidated financial statements for a group. (Max 2 subsidiaries).

2.3 Illustrate disclosure requirements in respect of changes in accounting policy, leases, instalment sales and earnings per share.

2.4 Determine, compare and interpret ratios of profitability, liquidity, financial structure and financial cover.

2.5 Determine the value of business interests by way of at least 3 valuation methods.

3.1 Prepare the accounting entries and draft the balance sheet reflecting the effect of liquidations, amalgamations and reconstructions.

3.2 Record investment transactions and clearly distinguish capital from income.

4.1 Identify taxable income and tax-deductible expenses.

4.2 Prepare annual tax returns for individuals and other bodies.

4.3 Prepare provisional tax returns.

4.4 Explain the tax liability of the employer.

5.1 Describe the interaction between supply and demand within the market place.

5.2 Identify the various market forms.

5.3 Discuss monetary policy.

5.4 Discuss fiscal policy.

5.5 An understanding of international trade and finance.

6.1 Compile an effective Internet mail and communication system for the business.

6.2 Compile an effective external communication system (mail, fax, e-mail, internet, etc.) for the business.

6.3 Compile effective documentation systems for the activities of the business.

6.4 Select an effective computer software system for the administration of a retail business.

6.5 Identify and determine the viability of a business opportunity.

6.6 Compile a workable business plan, with subsections covering clearly the functions of marketing, finance, administration, personnel, assets, logistics, production, public relations and housekeeping, for a retail business that will ensure the successful starting of such business.

1. Evaluation of effective resource application demonstrated correctly.
2. Design of information systems demonstrated correctly.
3. Quantitative techniques in application of resources demonstrated correctly.
4. Quality assurance techniques and procedures demonstrated correctly.
5. Knowledge and comprehension of management planning, organising and coordinating procedures and principles demonstrated correctly.
6. Knowledge and comprehension of communication and motivational principles and procedures demonstrated correctly.
7. Cost control principles and procedures demonstrated correctly.
8. Financial analyses principles and procedures demonstrated correctly.

Integrated Assessment

A range of formative and summative assessment methods and techniques in the form of written tests, practical exercises and case studies, final examinations (internally and externally moderated) and experiential training projects are applied.