|All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.|
|SOUTH AFRICAN QUALIFICATIONS AUTHORITY|
|Occupational Certificate: Management Accountant|
|SAQA QUAL ID||QUALIFICATION TITLE|
|112809||Occupational Certificate: Management Accountant|
|Development Quality Partner - CIMA|
|PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY||NQF SUB-FRAMEWORK|
|-||OQSF - Occupational Qualifications Sub-framework|
|Occupational Certificate||Field 03 - Business, Commerce and Management Studies||Finance, Economics and Accounting|
|ABET BAND||MINIMUM CREDITS||PRE-2009 NQF LEVEL||NQF LEVEL||QUAL CLASS|
|Undefined||180||Not Applicable||NQF Level 08||Regular-ELOAC|
|REGISTRATION STATUS||SAQA DECISION NUMBER||REGISTRATION START DATE||REGISTRATION END DATE|
|LAST DATE FOR ENROLMENT||LAST DATE FOR ACHIEVEMENT|
|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.
|PURPOSE AND RATIONALE OF THE QUALIFICATION|
The purpose of this qualification is to prepare a learner to operate as a Management Accountant. Management Accountants are business strategists who link the objectives of organisation's boards to the rest of the organisations. They guide critical business decisions, help to create sustainable business success and help their organisations to grow. Management accountants provide the analysis which managers need to understand the economics of a business's operations, and they play a key role in the management of organisational performance and risk. Qualifying learners will be able to perform a variety of financial management tasks for organisations in all sectors of the economy.
The level of responsibility varies depending on the level of the position and the size of the organisation. Qualifying learners will be able to apply theoretical and technical skills in a range of situations and to display initiative and judgement in planning activities.
A qualified learner will be able to:
Management Accountant is currently one of the occupations in high demand in South Africa. The qualification is against international management accounting standards and contributes to the alignment of South African business practices to international norms. The alignment will assist in South Africa's international competitiveness and will enhance its standing in the global economy. The implementation of the qualification can make a significant impact on the South African business environment and economy. This qualification prepares learners to become professional management accountants.
Management accountants fulfil leadership roles in the financial divisions of organisations. Management accountants focus on future planning, financial strategy formulation, financing of operations. The strategic roles that management accountants fulfil in organisations contribute to business success, which in turn plays an important role in economic growth and job creation. The Chartered Institute of Management Accountants (CIMA) and their stakeholders assisted in the development of this qualification.
Learners will be well-prepared with the insight and skills that are relevant to further specialised study in support of the principles of life-long learning. The specific skill sets incorporated in the design of the qualification present a combination that is highly attractive to prospective employers and adds value to the organisations that employ them.
The qualification provides a learning pathway to become a qualified management accountant. Learners may complete supportive qualifications to perform specific functions in the financial divisions of organisations. This qualification provides professional status where the learner can apply for professional body designations. The qualification also provides an opportunity for employed people to develop financial as well as business skills that will equip them for more senior positions and career progression.
|LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING|
|Recognition of Prior Learning (RPL):
RPL for access to the external integrated summative assessment:
Accredited providers and approved workplaces must apply the internal assessment criteria specified in the related curriculum document to establish and confirm prior learning. Accredited providers and workplaces must confirm prior learning by issuing a statement of results or by certifying a work experience record.
RPL for access to the qualification:
Accredited providers and approved workplaces may recognise prior learning against the relevant access requirements.
Occupational Certificate Management Accounting Practitioner, Level 7.
|RECOGNISE PREVIOUS LEARNING?|
|This qualification consists of the following compulsory Knowledge, Practical Skill and Work Experience Modules.
The total number of credits for Knowledge Modules: 108.
Practical Skill Modules:
The total number of credits for Practical Skills Modules: 36.
Work Experience Modules:
The total number of credits for Work Experience Modules: 36.
|EXIT LEVEL OUTCOMES|
|1. Provide information on areas of economic activity relevant to an organisation's decisions and apply within this context the numerical techniques to support such decisions.
2. Provide direction on the efficient management and interaction of organisational structure and operational functions to achieve the organisational strategy.
3. Manage implementation of organisational strategy through people, processes and relationships.
4. Create and articulate the vision and direction for the growth and long-term sustainable success of the organisation, including successfully managing and leading change within the process of strategy formulation and implementation.
5. Identify and classify costs and cost behaviour and apply budgetary control measures.
6. Prepare organisational budgets and provide advice regarding products and services, taking into consideration production costs, drivers of costs, sales volumes and prices as well as the short-term risks associated with all of these.
7. Analyse, plan and manage costs to support the implementation of the organisation's strategy and assess investment decisions and their associated risks.
8. Identify, evaluate and manage various risks that could adversely affect the implementation of the organisation's strategy.
9. Prepare financial statements within a conceptual and regulatory framework.
10. Manage working capital and analyse financial statements which have been prepared using appropriate international financial reporting standards to facilitate business decision making.
11. Use consolidated financial statements to analyse performance and position and source the long-term finance required to fund the operations of organisations, particularly their capital investments.
12. Formulate and implement a financial strategy to support the objectives of the organisation.
13. Apply ethical values in the context of corporate governance and company administration.
|ASSOCIATED ASSESSMENT CRITERIA|
|Associated Assessment Criteria for Exit Level Outcome 1:
Associated Assessment Criteria for Exit Level Outcome 2:
Associated Assessment Criteria for Exit Level Outcome 3:
Associated Assessment Criteria for Exit Level Outcome 4:
Associated Assessment Criteria for Exit Level Outcome 5:
Associated Assessment Criteria for Exit Level Outcome 6:
Associated Assessment Criteria for Exit Level Outcome 7:
Associated Assessment Criteria for Exit Level Outcome 8:
Associated Assessment Criteria for Exit Level Outcome 9:
Associated Assessment Criteria for Exit Level Outcome 10:
Associated Assessment Criteria for Exit Level Outcome 11:
Associated Assessment Criteria for Exit Level Outcome 12:
Associated Assessment Criteria for Exit Level Outcome 13:
Integrated Formative Assessment:
The skills development providers will use the curriculum to guide them on the stipulated internal assessment criteria and weighting. They will also apply the scope of practical skills and applied knowledge as stipulated by the internal assessment criteria. Formative assessments lead to entrance into the integrated external summative assessment.
Integrated Summative Assessment:
An external integrated summative assessment, conducted through the relevant QCTO Assessment Quality Partner, is required to issue this qualification. The external integrated summative assessment will focus on the Exit Level Outcomes and Associated Assessment Criteria.
|The Occupational Certificate: Management Accountant, which is a professional qualification, has been compared with management accountant qualifications in the United Kingdom (UK) and New Zealand.
The Department of Accountancy and Finance at the Birmingham City University offers a 1-year fulltime Postgraduate Diploma in Accountancy and Finance. The qualification focuses on the critical understanding of the strategic financial management decisions of national and multinational companies and explores complex group structures and the application of existing and proposed accounting standards against a background of rapid development and change.
The Auckland University of Technology in New Zealand offers a Postgraduate Diploma in Professional Accounting. The qualification comprises the following modules:
The South African Occupational Qualification: Management Accountant compares favourably with the qualifications above in terms of content and level of complexity. However, the international qualifications start at a Postgraduate level, while the South African qualification with its parts provides a learning pathway from entry to expert level. While the international qualifications integrate theory and practical skills, the Occupational Certificate distinguishes between theoretical or knowledge content and applied practical skills. The international qualifications do not require proof of work experience before students reach the final exit level, i.e. the professional qualification. The Occupational Certificate requires proof of work experience for each of the part-qualifications.
This qualification articulates horizontally with:
This qualification articulates vertically with:
|CRITERIA FOR THE REGISTRATION OF ASSESSORS|
|Qualifying for External Assessment:
To qualify for an external assessment, learners must provide proof of completion of all required modules using statements of results and work experience.
Additional legal or physical entry requirements:
Criteria for the accreditation of providers:
Accreditation of providers will be done against the criteria as reflected in the relevant curriculum on the QCTO website.
The curriculum title and code is Management Accountant: 241102000.
This qualification encompasses the following trades as recorded on the NLRD:
|LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION:|
|PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION:|
|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.