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National Diploma: Management Accounting 
67694  National Diploma: Management Accounting 
SGB HET Accountancy and Financial Management 
The individual Primary or Delegated Quality Assurance Functionary for each Learning Programme recorded against this qualification is shown in the table at the end of this report.  OQSF - Occupational Qualifications Sub-framework 
Unknown  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
Undefined  240  Level 6  NQF Level 06  Regular-ELOAC 
Reregistered  SAQA 06120/18  2018-07-01  2023-06-30 
2024-06-30   2028-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This qualification does not replace any other qualification and is not replaced by any other qualification. 

  • Provide the learner with the knowledge, understanding, skills and experience to become a Management Accountant. This will aid both individual development for the learner along a path of life-long learning and social transformation through the formal acknowledgement of competencies, skills and knowledge through the attainment of a registered Qualification thereby enhancing the employment prospects of learners.
  • Prepare the learner to work in the Management Accounting field and develop a specialist Accounting and management career, either within South Africa or in other countries around the world.
  • Provide the learner with a developmental experience which promotes independence and self reliance and encourages the adoption of a critical, questioning approach, analysing and challenging the truth and value of received wisdom.
  • Provide employers and others with an adequate basis for assuring that those learners gaining the Qualification, are competent to act as Junior Management Accountants for companies and other organisations, whether in manufacturing, commercial or service organisations, in either the public or private sectors of the South African economy.
  • Provide companies and other organisations, with skilled Management Accounting staff, who are able to make a positive contribution to the development of business and society, adding value and assisting in the creation of sustainable economic growth, both for their employers and the economy of South Africa.
  • Provide the learner with the necessary, knowledge, skills and insights to operate at a second or third level in Management Accounting in a large organisation or assume full responsibility for the function in a smaller organisation.


    The Diploma in Management Accounting: NQF Level 6 will allow learners access to the Accounting profession and all economic sectors that require an Accounting function, and will serve to increase skills in these sectors. Furthermore, once completed, learners will have the necessary financial skills to engage in self-employment of an entrepreneurial nature, thereby contributing to job creation and ultimately contributing to the reduction of unemployment in South Africa.

    This Qualification will provide all economic sectors with a pool of well-qualified people whose competence will be internationally recognised and who will be able to perform a number of functions within the economically active sectors of South Africa. Qualifying learners because of the nature of the Qualification and the integrated work-place assessment requirements will have gained practical experience in the application of the constituent competencies and this will reduce the amount of non-productive time traditionally associated with workplace training when learners enter the world of work in the Accounting field.

    Examples of positions, which successful learners may hold include:
    Cost Accountant
    Management Accountant
    Financial Manager
    Deputy Financial Director

    Learners are not limited to the Accounting profession. They may enter other financial services positions including:
    Business Analyst
    Risk Analyst

    The Diploma in Management Accounting is distinct from other Qualifications in the Accounting profession as its main focus is Management Accounting. Thus, successful learners will not receive a generic Accounting Qualification, but a specialist Qualification, which will enable them to perform not only generic Accounting functions, but specialist Management Accounting functions as well. 

    It is assumed that learners accessing this Qualification are competent in:
  • Communication at NQF Level 4
  • Mathematics at NQF Level 4
  • Accounting at NQF Level 4

    Recognition of prior learning

    The Qualification may be achieved in part or in whole through the recognition of prior learning. The manner of assessment of prior learning will be determined jointly by learner and assessor, and moderated by the relevant ETQA. The emphasis should be on integrated assessment of exit-level outcomes, particularly on their application to real or simulated situations. 



    Learners will be able to:
    1. Explain the role and purpose of Financial Management.
    2. Identify and evaluate sources of finance and calculate the cost of capital.
    3. Analyse the overall management of working capital and evaluate debtor and creditor management policies.
    4. Identify the rules imposed upon employers in relation to employees taxation.
    5. Explain and apply the system of corporation tax assessment, capital gains and VAT.
    6. Identify and assess the impact of international aspects on a company`s taxation.
    7. Identify and evaluate the impact of different tax planning scenarios.
    8. Explain and evaluate the regulatory framework governing the preparation of financial statements and corporate reports.
    9. Prepare financial statements for non-group enterprises and groups of undertakings, for publication in accordance with International Accounting Standards.
    10. Identify and apply the correct treatment for transactions in accordance with International Accounting Standards (IASs).
    11. Analyse the position and performance disclosed by the financial statements of a non-group enterprise.
    12. Evaluate Accounting practice with particular reference to capital maintenance theory, asset valuation and disclosure and the expression of economic substance over legal form.
    13. Evaluate recent developments under discussion to improve the regulation of financial reporting.
    14. Analyse and interpret financial statements in an international context.
    15. Apply and evaluate standard costing.
    16. Prepare and evaluate plans, budgets and forecasts.
    17. Apply and evaluate the use of costing systems for planning and decision making.
    18. Prepare and evaluate plans, budgets and forecasts for a wide range of sectors.
    19. Evaluate costing and Accounting systems for a wide range of sectors.
    20. Apply and evaluate techniques used in management decision making for a wide range of sectors.
    21. Apply and evaluate alternative methods of investment appraisal.
    22. Participare in the management of projects.
    23. Evaluate an organisation`s Information Systems and recommend appropriate solutions.
    24. Evaluate and recommend improvements to the control of organisational activities, resources and the management of quality.
    25. Advise management on the audit of systems and activities.
    26. Evaluate alternative structures for organisations and recommend improvements to the management of organisations in an international context.
    27. Apply Human Resource Management techniques in the management of a finance department.
    28. Advise on the management of working relationships and the management of change.

    Critical Cross-Field Outcomes

    Learners will be able to:
    1. Identify, systematically examine, critically evaluate and solve problems in which responses display that responsible decisions have been made, using critical and creative thinking.
    2. Work effectively with others as a member of a team, group, organisation or community.
    3. Organise and manage oneself and one`s activities responsibly and effectively.
    4. Collect, analyse, organise and critically evaluate information.
    5. Communicate effectively using visual, mathematical and language skills in the mode of written presentation.
    6. Use science and technology effectively and critically, showing responsibility towards the environment and health of others.
    7. Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation.
    8. Self manage skills development from the range of experiences and learning opportunities available.
    9. Transfer skills and continuous learning to organisational setting. 

  • Understands and explains the interrelationships between decisions concerning investment, financing and dividends.
  • Understands and explains the operation of the securities market.
  • Understands and explains the role and management of the treasury function.
  • Compares and contrasts the services provided by financial institutions and recommends appropriate providers in different scenarios.

  • Recommends the sources of capital most appropriate for an organisation.
  • Evaluates the most appropriate method of funding an asset.
  • Calculates investor ratios and demonstrates the impact of changing capital structures on these ratios.
  • Calculates the cost of capital and demonstrates the impact of changing capital structures.
  • Explains the impact of interest rate changes on the cost of capital.
  • Identifies alternatives for investment of short-term cash surpluses.
  • Identifies sources of short term funding.
  • Calculates and explains rates of interest.
  • Explains the yield curve and its practical use.
  • Analyses an organisation`s credit-worthiness from a lender`s viewpoint.
  • Identifies appropriate methods of finance for trading internationally.

  • Calculates and interprets working capital ratios for business sectors.
  • Prepares and analyses cash flow forecasts over a 12 month period.
  • Identifies measures to improve a cash forecast situation.
  • Compares and contrasts the use and limitations of cash management models and identifies when each model is most appropriate.
  • Describes and illustrates the main issues in group cash flow management.
  • Identifies appropriate bank services to assist in cash management.
  • Identifies debtor management policies and procedures for an organisation.
  • Interprets the creditworthiness of a customer.? Analyses trade debtor information.
  • Evaluates debtor and creditor policies.
  • Evaluates appropriate methods of stock management.

  • Identifies the compliance requirements imposed on employers in relation to employee taxation.
  • Explains the Inland Revenues` powers of enquiry.
  • Identifies the minimum recordkeeping requirements.
  • Applies knowledge of the Fringe Benefits (FB) system for employees.
  • Identifies the rules for different types of employees.
  • Calculates the total assessable benefits of an employee and explains the effect on the taxable income of the employer.
  • Evaluates the relative tax efficiency of different methods of rewarding employees.

  • Explains the system of Corporation Tax Assessment (CTA) and identifies the key dates for submission of returns.
  • Explains the Inland Revenues` powers of enquiry and identifies the various penalties and interest charges in CTA.
  • Identifies the minimum record-keeping requirements.
  • Calculates the taxable income of a company for CT purposes, showing knowledge of case law and statue.
  • Calculate the capital allowances entitlement of a company.
  • Calculate s the CT liability of a company (including that of Close Corporations and small companies).
  • Prepares a schedule of CT payments of a large company covering a two year period under the provisional tax payment system.
  • Identifies the effect of all forms of loss relief on a company`s, group`s or a consortium`s CT liability.
  • Explains the operation of Secondary Tax on Companies (STC).
  • Identifies relevant assets for Capital Gains Tax (CGT).
  • Applies rollover and holdover reliefs for business assets.
  • Identifies the CGT reliefs available in a group situation and the anti-avoidance rules relating to pre-entry assets.
  • Calculates the gain arising on the disposal of quoted securities using the pooling system.? Identifies the VAT registration /de-registration requirements and the rules and penalties in relation to VAT returns.
  • Identifies the significance of Standard rate, Zero rate and exempt supplies and those supplies out with the scope of VAT.
  • Identifies the correct tax point of a supply and understand its significance.
  • Identifies the significance of neighbouring and non-neighbouring countries when dealing with VAT.
  • Identifies the problems and opportunities inherent in a VAT group registration.

  • Evaluates the taxation implications of alternative methods of running an overseas operation and makes appropriate recommendations.
  • Evaluates the taxation implications of alternative methods of running an overseas operation.
  • Identifies the significance of company residences for tax purposes.
  • Calculates the CT liability of a South African company which has overseas income, using the rules of double tax relief (but excluding knowledge of Treaties).
  • Identifies transfer pricing problems, calculating any adjustment required and states how this will be reported in its Corporate Tax Assessment return.
  • Identifies a controlled foreign entity (CFE).
  • Calculates the CT liability arising as a result of the presence of a CFE.

  • Calculates the form of loss relief which will minimise the CT liability in either a single company or in a group or consortium.
  • Evaluates the tax efficiency of alternative methods of acquiring other businesses.
  • Identifies methods of minimising Employees Taxation.
  • Appraises the tax implications of financing a company by debt or equity.
  • Identifies the planning aspects of minimising Secondary Tax on Companies.
  • Identifies the most efficient method of disposing of assets to third parties by a group of companies.
  • Identifies the most efficient method of arranging VAT registrations for groups of companies.

  • Explains the elements of the regulatory framework within which published financial statements are produced.
  • Explains the role and structure of the IASB and its relationship to the International Organisation of Securities Commissions (IOSCO) and local regulatory bodies.
  • Explains the process leading to the promulgation of a standard practice.
  • Evaluates the relationship of the Framework for the Preparation and Presentation of Financial Statements to the standard setting process.
  • Explains the role of the external auditor.
  • Explains the elements of an audit report and the "Qualifications" of that report.

  • Analyses and explains the relevant regulatory requirements.
  • Prepares financial statements in a form suitable for publication, with appropriate notes.
  • Prepares accurate cash flow statements in a form suitable for publication, with appropriate notes.
  • Correctly applies the relevant rules for reporting performance.
  • Correctly applies the rules for the disclosure of related parties to a business.
  • Correctly applies the rules governing share capital transactions.
  • Explains the conditions required for an undertaking to be a subsidiary or an associate of a group.
  • Explains and applies the rules for the exclusion of subsidiaries from consolidation.
  • Prepares a consolidated income statement and a consolidated balance sheet for a group of undertakings.
  • Prepares a group cash flow statement with appropriate notes.
  • Explains and applies the concept of fair value at the point of acquisition.
  • Prepares financial statements when a subsidiary is acquired or disposed of part way through an Accounting period; to include the effective date of acquisition and dividends out of pre acquisition profits.
  • Prepares consolidated financial statements where the shareholdings, or control, are acquired in stages.
  • Explains the concept of an associate and a joint venture.
  • Prepares consolidated financial statements for an associate or a joint venture within the group.
  • Explains the pooling of interests method of consolidation.
  • Prepares consolidated financial statements under the pooling of interests method.
  • Compares and contrasts pooling of interests, acquisition and equity methods of Accounting.
  • Prepares accounts for a capital reconstruction scheme or a de-merger.
  • Explains and applies foreign currency translation principles.
  • Explains the difference between the closing rate/net investment method and the historical rate method.
  • Explains the correct treatment for foreign loans financing foreign equity investments.

  • Explains the Accounting rules contained in IASs which provide guidance as to the appropriate treatment of certain transactions.
  • Identifies, applies and evaluates the Accounting treatment of significant transactions.

  • Calculates the full range of Accounting ratios.
  • Analyses financial statements to comment on the performance and position.
  • Explains the limitations of Accounting ratio analysis.

  • Explains the problems of profit measurement and alternative approaches to asset valuations.
  • Explains measures to reduce distortion in financial statements when price levels change.
  • Discusses and applies the principles used to determine the substance and economic reality of a range of transactions.
  • Explains the difference between liabilities and shareholders` funds, and allocates finance costs appropriately.
  • Explains the recognition and valuation issues concerned with pension schemes and the treatment of actuarial deficits and surpluses.

  • Explains how financial information concerning the interaction of a business with the natural environment can be communicated in the published financial statements.
  • Identifies those environmental issues which should be disclosed.
  • Explains the process of measuring, recording and disclosing the effect of exchanges between a business and society - human resource Accounting.
  • Identifies the influences on financial reporting of cultural differences across the world.
  • Identifies major differences between IASs, UK GAAP and US GAAP.
  • Discusses emerging developments in financial reporting evidenced by discussion and exposure drafts issued by regulatory bodies.

  • Evaluates financial statements and prepares a concise report on the results of the analysis.
  • Identifies the limitations of analysis based on published financial statements.
  • Explains the weaknesses of the financial report which can reduce effectiveness in communicating meaningful information to users.
  • Prepares and interprets segmental analysis, inter-firm and international comparison.

  • Explains why costing systems and standard costs must be reviewed on a regular basis.
  • Calculates and interprets material, labour, variable overhead, fixed overhead and sales variances.
  • Prepares and discusses a report which reconciles budget and actual profit using absorption and/or marginal costing principles.
  • Prepares reports using a range of internal and external benchmarks and interprets the results.
  • Discusses the behavioural implications of setting standard costs.

  • Explains why organisations prepare plans.
  • Calculates future sales and costs using forecasting techniques and evaluates the results.
  • Explains and interprets the effect of amendments to budget/plan assumptions.
  • Explains why it is necessary to identify controllable and uncontrollable costs.
  • Evaluates performance using fixed and flexible budget reports.
  • Discusses alternative approaches to budgeting.
  • Evaluates the balanced scorecard.
  • Discusses the behavioural implications of planning and budgeting.

  • Compares and contrasts value analysis and functional cost analysis.
  • Applies and evaluates the use of activity-based, absorption, marginal and process costing and throughput Accounting in the context of planning and decision making.
  • Explains total quality management.
  • Prepares and discusses cost of quality reports.
  • Calculates and interprets the break even point, profit target, margin of safety and contribution/sales ratio for multiple products.
  • Prepares break even charts and profit/volume charts for multiple products.
  • Discusses multiple product CVP analysis.
  • Calculates and interprets the profit-maximising sales mix for a company with a single resource constraint and limited freedom of action.
  • Applies and evaluates relevant costs and revenues.
  • Solves a two-plus constraint/limitation problem for two products using the graphical method and explain the results.

  • Demonstrates an understanding of the need for organisations to prepare plans.
  • Calculates future sales and costs using appropriate forecasting techniques and evaluates the results.
  • Explains and correctly interprets the effect of amendments to budget/plan assumptions.
  • Understands why it is necessary to identify controllable and uncontrollable costs and effectively communicates reasons to others.
  • Correctly evaluates performance using fixed and flexible budget reports.
  • Understands alternative approaches to budgeting and makes appropriate reasoned recommendations.
  • Evaluates the use of the balanced scorecard.
  • Understands and explains the behavioural implications of planning and budgeting.
  • Compares and contrasts cost and profit centres.

  • Critically evaluates and correctly applies alternative costing and Accounting systems.
  • Correctly applies direct product profitability.
  • Calculates and explains planning and operational variances.
  • Discusses the behavioural implications of standard costing.
  • Correctly applies and evaluates target costing.
  • Correctly applies and evaluates life cycle costing.
  • Calculates the standard cost for a products which exhibits the learning effect.
  • Explains and evaluates why it is necessary to take account of the experience and learning curve effect.

  • Identifies and discusses relevant costs, benefits and qualitative factors.
  • Evaluates external pricing strategies using sales variance analysis.
  • Compares and contrasts cost and profit centres.
  • Explains and demonstrates the application of transfer pricing in an international context.
  • Correctly applies and evaluates profit maximisation.
  • Prepares formulae for a two-plus constraint/limitation problem for two-plus products using the Simplex method and interprets the results.
  • Discusses the linear programming model.
  • Prepares and correctly interprets reports using Pareto analysis.
  • Applies the experience and learning curve.
  • Identifies and discusses risk and uncertainty.
  • Correctly applies decision trees.
  • Evaluates the value of information.

  • Explains the capital budgeting process.
  • Evaluates projects using investment appraisal techniques.
  • Evaluates alternative investment appraisal techniques.
  • Discusses the relevance of qualitative factors.
  • Prepares project cash flows that take account of taxation and inflation.
  • Evaluates mutually exclusive projects with unequal lives.
  • Applies sensitivity analysis to cash flows.
  • Calculates abandonment values.
  • Discusses post-completion appraisal.
  • Discusses investment centres.
  • Calculates and evaluates return on investment and residual income.
  • Discusses the behavioural implications of return on investment and residual income.

  • Explains the skills required of a project manager and evaluates the project management process.
  • Produces a management plan for a simple project.
  • Applies project management tools.
  • Analyses the issues relating to the selection and management of an effective project team.
  • Evaluates the relationships between the project manager, the project team and organisational project sponsors.
  • Identifies problems with the interpersonal relationships of project staff and recommends solutions to those problems.
  • Explains why meetings are commonly used in organisations.
  • Evaluates the planning and conduct of a meeting and the roles of the various participants in a typical meeting.
  • Identifies the main problems associated with meetings and recommend how those problems might be avoided or solved.
  • Recommends changes to the management and conduct of a meeting in order to avoid or solve problems identified. > Explain the process of post-completion audit and its importance in the project management process.

  • Explains the features and operation of commonly-used Information Technology hardware and software.
  • Evaluates the use and relative merits of different hardware and applications architectures.
  • Identifies opportunities for the use of Information Technology in organisations, particularly in the implementation and running of the Information System.
  • Applies General Systems Theory to the design of Information Systems in organisations.
  • Recommends how the value of information can be increased by careful design of an organisation`s data and information architecture.
  • Explains the importance of effective communication and the consequences of failure in the communication process. > Analyses communication problems in a range of organisational situations.
  • Recommends changes or actions to avoid or correct communication problems.
  • Evaluates the operation of the various parts of the Information System of an organisation and the relationships between them.
  • Explains the issues involved in planning and managing an Information Systems project and produce a management plan for such a project.
  • Applies the main tools and techniques used in the gathering, recording and analysis of information relating to an existing Information System.
  • Explains the processes of system design and development and analyse the issues arising at those stages.
  • Identifies and evaluates the main issues relating to the development of an Information Systems solution, and the risks involved in implementation.
  • Explains the nature and purpose of systems maintenance and performance evaluation.

  • Critically evaluates and recommends appropriate control systems for the management of organisations.
  • Evaluates the control of activities and resources within the organisation.
  • Recommends ways in which the problems associated with control systems could be avoided or solved.
  • Critically evaluates and recommends improvements to the control of Information Systems including those using Information Technology.
  • Analyses problems with the management of quality in an organisation and makes appropriate recommendations for improvement.
  • Critically evaluates the features, benefits and drawbacks of contemporary approaches to the management of quality. > Prepares and communicates appropriate plans for the implementation of a quality improvement programme.

  • Explains the process of internal audit.
  • Prepares a plan for the audit of various organisational activities including management, Accounting and information systems.
  • Analyses problems associated with the audit of activities and systems, and recommends action to avoid or solve those problems.
  • Recommends action to improve the efficiency, effectiveness and control of activities.
  • Evaluates specific problems associated with the audit of systems which use information technology.

  • Explains the concept of strategy and its possible effect on the structure and management of business organisations.
  • Identifies the stakeholders of an organisation, explains their influence on its management and structure and recommends appropriate organisational goals.
  • Analyses and categorises the culture of an organisation, and recommends changes to improve organisational effectiveness.
  • Explains the importance of organisational and professional ethics and recommends ways in which ethical behaviour can be encouraged in organisations.
  • Discusses ways in which the conflict between centralised control and individual creativity can be managed.
  • Explains the usefulness of both classical and contemporary theories of management in practical situations.
  • Explains trends in the general management and structure of organisations.
  • Evaluates the management of an organisation and recommends improvements.
  • Explains the relative merits of a range of different organisation structures.
  • Explains the relationship necessary between the functional areas in order for an organisation to achieve its objectives.
  • Analyses a range of organisations, identifying their component parts, the relationships between those parts and any problems with those relationships.
  • Recommends and evaluates changes to the structure of organisations.
  • Explains the general characteristics and operation of the main functional areas of an organisation.
  • Explains the relationship between the work of the Management Accountant and the functional areas of an organisation.
  • Explains the workings of the marketing function of an organisation and the major tools and techniques used by marketing specialists.
  • Analyses the information needs of managers in each of the main functional areas of an organisation.

  • Explains the process of human resource planning and its relationship to other types of business plan.
  • Prepares and explains a human resource plan for an organisation.
  • Prepares a plan for the recruitment, selection and induction of finance department staff.
  • Prepares a plan for the induction of new staff into the finance department of an organisation.
  • Explains the importance of human resource development planning.
  • Evaluates the tools that can be used to influence the behaviour of staff within a business, particularly within the finance department.
  • Explains the process of succession and career planning.
  • Prepares a training and development plan for the staff of a finance department and analyses the major problems associated with the design and implementation of such a plan.
  • Prepares and explains the planning and delivery of a training course on a finance related topic.
  • Evaluates a typical appraisal process.
  • Analyses the issues involved in managing the dismissal, retirement and redundancy of individual staff.

  • Explains the concepts of authority, power, responsibility and delegation.
  • Analyses the relationships between managers and subordinates.
  • Analyses situations where problems have been caused by the adoption of an ineffective or inappropriate management style and recommends remedial action.
  • Understands the problems of maintaining discipline and evaluates the tools available to help a manager achieve it.
  • Understands the responsibilities of the organisation, its managers and staff in relation to health and safety and advises as to how a manager can promote the health and safety of subordinates.
  • Identifies and evaluates the determinants of change in organisations and the different levels at which change must be managed.
  • Recommends ways in which appropriate planned change can be implemented at the organisational and departmental levels.
  • Identifies opportunities to improve the management of change and communicates recommendations to appropriate managers.

    Assessment Criteria associated with Critical Cross-Field Outcomes:

  • Solves problems by methodically examining the issues, researching and critically evaluating circumstances and/or situations.
  • Solves problems by developing a range of creative alternative solutions that achieve acceptable reasoned outcomes.

  • Integrates well within a team, group, organisation or community.
  • Demonstrates a variety of personal skills in dealing with others, including listening, communication, negotiation, co-operation, diplomacy and leadership.
  • Works effectively with others to achieve planned outcomes.

  • Plans and carries out tasks/activities in a methodical and well ordered manner.
  • Achieves task/activity objectives within the planned time-scale and using the allocated resources.

  • Searches for appropriate and relevant data/information and assembles in a structured manner.
  • Analyses data/information and identifies key elements or facts.
  • Critically evaluates data/information to draw conclusions and make recommendations.

  • Communicates in writing, an understanding of theoretical knowledge and concepts, appropriate to level, using a variety of methods.
  • Communicates in writing, thoughts, ideas and opinions in an easily understood and effective manner.

  • Applies appropriate scientific principles to analyse data and provide information to support decision making.
  • Uses information technology to analyse and/or compute data.
  • Uses information technology to communicate with others in a safe and effective manner.

  • Applies knowledge of alternative cultures, environment, systems and methods of working in other countries/continents to support problem solving.

  • Uses learning opportunities to learn with and from others.
  • Uses task/activity/work experiences to improve existing skills or develop new skills.

  • Demonstrates the application of previously acquired knowledge, understanding and skills, to new activities, areas of work or contexts.

    Integrated assessment

    Assessment of competence will be done through a combination of formative and summative assessment tools, techniques and procedures, which do not discriminate against learners in an unjust or invalid way. Formative assessment will integrate theory with practice, with much of it being done in real or simulated work situations.

    A final summative assessment combining theory and practical competencies will be done through learners writing a series of Examinations covering all learning areas. 

    The Qualification is directly comparable with the CIMA Diploma in Management Accounting which is accessed by learners in more than 130 countries.

    The Qualification allows learners entrance into the Management Accounting profession globally. 

    This Qualification has international standing in over 130 countries and has been available to learners for many years through professional bodies such as CIMA. As a result successful learners are granted admission to South African universities to complete such qualifications as:

    Bachelor degrees with Accounting as their focus, National Certificates and National Diplomas in any Financial Service Field/Sub-Field, National Certificates and National Diplomas in Management, Bachelor of Technology Degrees in Commerce, Accounting and Cost and Management Accounting.

    The points of entry at which learners access such Qualifications depend upon the structure of the relevant Qualification to which access is sought, and the specific competence attained by the learner.

    The Qualification articulates vertically with the following Qualifications:
  • Final level examinations of the Chartered Institute of Management Accountants in order to study and work towards a Qualification as a Chartered Management Accountant
  • Final Level examinations of other professional institutions such as the Association of Chartered Certified Accountants.

    The Qualification grants qualifying learners Membership of professional institutions such as The Institute of Chartered Secretaries and Administrators and The Institute of Administration and Commerce. 

  • Anyone assessing a learner or moderating the assessment of a learner against this Qualification must be registered as an assessor with a relevant ETQA or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable the achievement of this Qualification must be accredited as a provider with the relevant ETQA.
  • Assessment and moderation of assessment will be overseen by the relevant ETQA or by an ETQA that has a Memorandum of Understanding with a relevant ETQA, according to the ETQAs policies and guidelines for assessment and moderation; in terms of agreements reached around assessment and moderation between ETQAs (including professional bodies); and in terms of the moderation guideline detailed immediately below.
  • Moderation must include both internal and external moderation of assessments at exit points of the qualification, unless ETQA policies specify otherwise.
  • The relevant NSB and SGB may be notified of any feedback related to this qualification.
  • Anyone wishing to be assessed against this Qualification may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA or an ETQA that has a Memorandum of Understanding with the relevant ETQA.

    Formative assessment will be conducted internally by the provider with moderation being done by the relevant ETQA. 


    As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2012; 2015. 


    LP ID Learning Programme Title Originator Pre-2009
    NQF Level
    NQF Level Min Credits Learning Prog End Date Quality
    NQF Sub-Framework
    67709  Diploma: Cost and Management Accounting  Institute of Administration and Commerce (The)  Level 6  NQF Level 06  420  2015-06-30  FASSET  OQSF 
    67710  Diploma: Financial Accounting  Institute of Administration and Commerce (The)  Level 6  NQF Level 06  420  2023-06-30  FASSET  OQSF 
    24406  National Diploma: Management Accounting  Generic Provider - Field 03  Level 6  Level N/A: Pre-2009 was L6  240  2023-06-30  FASSET  OQSF 

    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
    LP ID Learning Programme Title Accredited Provider
    67710  Diploma: Financial Accounting  Self-study - FASSET  
    24406  National Diploma: Management Accounting  1. CA College SA (Pty) Ltd
    2. Institute of Management Accounting and Strategy (Pty) Ltd
    3. Johannesburg Polytechnic
    4. Spectrium Graduate School of Business (PTY) LTD  

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