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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION: 

Bachelor of Commerce in Management Accountancy 
SAQA QUAL ID QUALIFICATION TITLE
116727  Bachelor of Commerce in Management Accountancy 
ORIGINATOR
North West University 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
-   HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
National First Degree  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  360  Not Applicable  NQF Level 07  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Registered-data under construction  EXCO 0324/24  2024-07-01  2027-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2027-06-30   2029-06-30  

Registered-data under construction

The qualification content is currently being updated for the qualifications with the status “Registered-data under construction” or showing “DETAILS UNDER CONSTRUCTION” to ensure compliance with SAQA’S Policy and Criteria for the registration of qualifications and part-qualifications on the National Qualifications Framework (NQF) (As amended, 2022). These qualifications are re-registered until 30 June 2027 and can legitimately be offered by the institutions to which they are registered.

 

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.  

PURPOSE AND RATIONALE OF THE QUALIFICATION 
Purpose:
The primary purpose of the professional Bachelor of Commerce in Management Accountancy is to provide a well-rounded, broad education that equips graduates with the knowledge base, theory, methodology in conjunction with procedural knowledge of management accountancy, and to enable them to demonstrate initiative and responsibility in a professional context.

Qualifying learners can function as management and financial accountants and those who completed the traineeship can qualify to register as a Chartered Management Accountant with the Chartered Institute for Management Accountants (CIMA,) after completing the external exams of CIMA.

Rationale:
The Bachelor of Commerce in Management Accountancy is a qualification that is in line with the requirements of the Chartered Institute for Management Accountants (CIMA) and will provide South Africa with skilled and well qualified management accountants. Other professional bodies recognising the qualification are the Association of International Certified Professional Accountants (The Association) and the Association of Chartered Certified Accountants (ACCA).
Qualifying learners can also apply for certain exemptions from CIMA.

The qualification prepares learners for professional training and post-graduate studies. Career opportunities include project managers, management consultants, finance directors, chief executives, and entrepreneurs. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Recognition of Prior Learning (RPL):
RPL refers to the principles and processes through which the prior knowledge and skills of a person are made visible, mediated, and rigorously assessed and moderated for the purposes of alternative access and admission, recognition, or further learning and development.
  • RPL must be conducted in a valid, reliable, and equitable way.
  • RPL may be used to grant access to a qualification or advanced standing/exemption from modules of a particular academic programme.
  • A learner who, based on RPL, is granted exemption from doing some modules in the qualification may complete the qualification with a total number of credits that is less than the normally required number of credits for the qualification in question.
  • Not more than 10% of a cohort of learners can be admitted through an RPL process.
  • The faculty must ensure that quality assurance processes that address the specificities of the RPL process (including applications, assessment, and reporting and management systems) are implemented; and that administrative and support systems, both prior and after RPL assessment, are in place.

    Entry Requirements:
    The minimum entry requirement for this qualification is:
  • National Senior Certificate, NQF Level 4, granting access to Bachelor's degree studies.
    Or
  • National Certificate Vocational, NQF Level 4, granting access to Bachelor's degree studies. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    This qualification consists of the following compulsory modules at National Qualifications Framework Level 5, 6 and 7 totalling 414 Credits.

    Compulsory Modules, Level 5,128 Credits:
  • Accounting: An introduction to the financial reporting cycle and financial reporting frameworks, 32 Credits.
  • Basic Micro-and macro- economics, 24 Credits.
  • Introduction to Accounting Information Systems, Corporate Governance and Internal controls, 12 Credits.
  • Mathematical Techniques, 12 Credits.
  • Academic Literacy Development, 12 Credits.
  • Introductory Statistics, 12 Credits
  • Introduction to Business Science, 24 Credits.

    Compulsory Modules, Level 6,146 Credits:
  • Worldviews and Ethics for Accountants, 12 Credits.
  • Financial Accounting, 32 Credits.
  • Introduction to Taxation, Corporate Taxation, 24 Credits.
  • An Introduction to Corporate Governance, Auditing Environment and Professional Ethics, 18 Credits.
  • Introduction to Management Decision-making and Control, 18 Credits.
  • Introduction to Financial Management, 18 Credits.>Intermediate Business Science, 24 Credits.

    Compulsory Modules, Level 7,140 Credits:
  • Financial Accounting: Advanced Financial Reporting, 32 Credits.
  • Corporate Governance, Standards, Ethics and Statutory Requirements, 24 Credits.
  • Financial Management, 18 Credits.
  • Management decision-making and control,18 Credits.
  • Taxation: Advanced Aspects of Direct and Indirect Taxation and Tax Administration, 24 Credits.
  • Advanced Business Science, 24 Credits. 
    		•

    EXIT LEVEL OUTCOMES 
    1. Apply a foundation of knowledge, skills and professional values and ethics that enables learners to continue to learn and adapt to change throughout their professional lives.
    2. Evaluate and apply professional competency and management accountancy knowledge to resolve challenges in accounting and finance; organisational and information technology practice.
    3. Examine and apply professional values, ethics and attitudes and distinctive characteristics of professional behaviour. 

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:
  • Apply key terms, concepts, facts, principles, rules, theories of management accounting, techniques and methodologies used in the field.
  • Apply acquired intellectual, technical, and functional, personal, interpersonal and communication skills and organisational and business management.
  • Appreciate that the different areas of management and accounting are interrelated and the impact thereof on applications of theory and practice.
  • Understand the context and role of management accountancy in the commercial and public sectors.

    Associated Assessment Criteria for Exit Level Outcome 2:
  • Provide accurate financial information to drive successful business.
  • Manage and communicate financial goals and policies with management.
  • Select and apply the appropriate techniques to:
  • Prepare financing requests.
  • Forecast and manage income and expenses.
  • Create business strategies
  • Provide solutions for identified problems/challenges within the organisation.

    Associated Assessment Criteria for Exit Level Outcome 3:
  • An understanding of the ethical and social implications of management and accounting actions and decisions on the organisation, community, and society at large.
  • The ability to work independently and as part of a team, taking responsibility for own learning and identifying and solving accounting problems. 
    		•

    INTERNATIONAL COMPARABILITY 
    This qualification is based on the CIMA (Chartered Institute of Management Accountants, in London) certificate in business accounting and students completing the degree will receive exemptions from CIMA from the certificate in business accounting.

    Two CIMA affiliated universities with comparable qualifications:
  • The Queen Mary University of London in the UK offers the 3-year undergraduate Bachelor of Science Honours in Accounting and Management
  • The Indian School of Commerce in India offers the Bachelor of Arts Honours in International Business & Finance, a 3-year undergraduate qualification. The qualification covers the full range of finance & international business subjects from financial & management accounting, ethics & corporate governance, supply chain management & international marketing, project & relationship management to financial management, taxation, auditing & ancillary areas to ensure that the student acquires the necessary specialist & generic transferable skills relevant to International Business and Finance. 
    		•

    ARTICULATION OPTIONS 
    This qualification allows possibilities for both vertical and horizontal articulation.
    Horizontal Articulation:
  • Bachelor of Accounting Sciences in Financial Accounting, NQF Level 7.
  • Advanced Diploma in Accounting, NQF Level 7.

    Vertical Articulation:
  • Bachelor of Commerce Honours in Management Accountancy, NQF Level 8.
  • Postgraduate Diploma in Accountancy, NQF Level 8.
  • Bachelor of Commerce Honours in Management Accounting, NQF Level 8.
  • Postgraduate Diploma in Management Accounting, NQF Level 8. 
    		•

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

    NOTES 
    N/A 

    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
     
    NONE 


    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.
     
    NONE 


    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.