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 |
REGISTERED QUALIFICATION: |
Bachelor of Commerce in Accounting |
SAQA QUAL ID | QUALIFICATION TITLE | |||
118404 | Bachelor of Commerce in Accounting | |||
ORIGINATOR | ||||
Sol Plaatje 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 | |
Reregistered | EXCO 0821/24 | 2021-11-18 | 2027-06-30 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2028-06-30 | 2033-06-30 |
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. |
PURPOSE AND RATIONALE OF THE QUALIFICATION |
Purpose:
The Bachelor of Commerce in Accounting presents learners with a carefully designed curriculum that will develop learners' analytical and practical skills critical for accounting, tax, auditing, financial management and management control systems. Learners will also be equipped with applied competencies and communication skills through modern digital technologies relevant to the economic, legal and governance paradigms that impact the accounting field. While there is an emphasis on application and developing practical quantitative and financial skills, the qualification will address the capacity constraints within the accounting field that hinders sustainable economic growth by contributing towards dealing with issues that directly affect the drivers of economic development, domestic and foreign investment. These issues include fraud and corruption, poor public sector governance and financial management, poor accounting and auditing practices. Based on national and international benchmarking, and the national demand for specific accounting competencies, the qualification is designed to cover the five specialised areas of: Learners will develop analytical and practical skills in accounting and management control systems within these subject areas. The qualification will also cover content on corporate governance, corporate law, professional ethics, information technology, statistics and economics within these various modules. The emphasis throughout is on the application and developing practical quantitative and financial skills and application within the legal and ethical frameworks. The profession's capacity to address constraints to sustainable growth, such as fraud and corruption, poor public sector governance and financial management, poor accounting, and auditing practices, is as important as these directly affect the drivers of economic development, including domestic and foreign investment. These competencies will be built through ensuring graduates have a firm grasp of the relevant practices and guidelines and frameworks such as understanding of International Financial Reporting Standards (IFRS), International Auditing Standards, Companies Act, Tax Laws, the governance codes such as the KING IV Code of Corporate Governance. On completion of the qualification learners will be equipped with the following competencies: Rationale: The South African economy is characterised by both high levels of unemployment, and severe shortages of certain skills critical for economic development. The National Development Plan identifies accountants among other key professions as in short supply. The accountants' level of demand is designated as "Highest" in the Department of Higher Education and Technology (DHET)'s National List of Occupations in High Demand (DHET, 2018). Previous research conducted by the South African Institute of Accountants in 2008 revealed that South Africa has a shortage of up to 22 000 accounting practitioners. This number includes all levels from junior to senior accounting positions. The Manpower Group's 13th annual Talent Shortage Survey of 2019, places accounting and finance fourth on the list of South Africa's top skills shortage, while globally, accounting and finance are placed seventh on the list. The World Bank's South Africa Report on the Observance of Standards and Codes - Accounting and Auditing (ROSC A&A) observed that many accountants in South Africa are not professionally qualified and are not members of any controlling professional body and therefore are not regulated or controlled by any professional body, a situation the World Bank describes as not good for investment and economic development. The ROSC A & A Report 2013 attributed this shortage to very few entrants into the Professional Accounting Organisations (PAOs). The South African government has also identified these shortages as one of the binding constraints to achieving higher and shared economic growth in the country. This qualification will contribute towards increasing the number of accounting graduates who choose to pursue the Chartered Accountant (CA) route with an option to seek professional memberships with other major professional accounting bodies such as the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA) and the South African Institute of Professional Accountants (SAIPA). The qualification has been designed to address the skills shortages and capacitate graduates to take up employment or engage in gainful entrepreneurial activities as well as create employment. It allows learners to obtain knowledge and competencies which will further support specialised employment opportunities in the accounting, auditing, taxation, and financial management job market. Upon completion of the qualification qualifying learners will be able to work in all sectors of the economy as: Learners will be able to assume lower-level management, middle management and senior management roles within the various organisations in both private, public sector and non-governmental organisations, running operations and providing advice and strategic direction. The qualification allows learners to study towards professional qualifications and designation awards from major professional bodies. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
Recognition of Prior Learning (RPL):
This qualification may be achieved in part through the Recognition of Prior Learning, which includes informal, formal learning and work experience. The learner must demonstrate competence in the knowledge, skills, values, and attitudes indicated in the qualification to obtain credits/credit exemptions. RPL will be applied for the following purposes: RPL will allow a learner to gain access, or advanced placement, or recognition of status. The learner needs to apply formally for RPL. RPL for access: RPL for credits: Entry Requirements: The minimum entry requirement for this qualification is: or or Or |
RECOGNISE PREVIOUS LEARNING? |
Y |
QUALIFICATION RULES |
This qualification consists of the following compulsory and/or elective modules at National Qualifications Framework Level 7 totalling 384 Credits.
Compulsory Modules, Level 5,136 Credits: Compulsory Modules, Level 6,120 Credits: Compulsory Modules, Level 7,128 Credits: |
EXIT LEVEL OUTCOMES |
1. Apply and evaluate the key terms, concepts, facts, principles, rules and theories of that field, discipline or practice; and detailed knowledge of an area or areas of specialisation and how that knowledge relates to other fields, disciplines or practices.
2. Ability to access, process and communicate information appropriately and effectively. 3. Analyse and interpret the financial information of accounting entities for use by users of financial information, and formulate appropriate responses to resolve both concrete and abstract economic problems. 4. Demonstrate the ability to prepare and present accurate financial information for management decision-making and various stakeholder needs. 5. Critically evaluate accounting related problems and apply various techniques to propose solutions to management for decision-making. 6. Demonstrate the ability to practice and adhere to ethical considerations that relate to the accounting profession. |
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: |
INTERNATIONAL COMPARABILITY |
The qualification has been compared to the similar qualifications offered by the following international institutions. The focus of comparison was on exit level outcomes, assessment criteria, degree of complexity, duration, the NQF Levels and credits. qualifications
Country: Australia Institution: University of Tasmania Qualification Title: Bachelor of Business-Accounting Duration: three years NQF Level: AQF level: 7 Qualification structure: The qualification shares the following similar compulsory and elective modules with the South African qualification: Compulsory modules: Elective Modules: This qualification compares best with these international qualifications in that the exit level outcomes are similar in the following aspects: Country: Australia Institution: Deakin University Qualification Title: Bachelor of Commerce (Accounting Major). NQF Level: Australian Qualification Framework (AQF) Level: 7 Duration: Minimum three years Entry requirements: Applicants who have recently completed senior secondary studies, which is equivalent to Grade 12. Qualification structure: The qualification comprises of the following modules which are similar to the new question. First-year compulsory Modules Second-year compulsory and elective modules: Third-year compulsory and elective modules: Total Modules: 24 (16 Core and 8 Elective modules) The new qualification compares best with the international qualification in that the exit level outcomes are similar in the following aspects: This qualification uses the following assessment methods similar to the new qualification: Learners will be assessed by formative and summative assessments which include: Country: New Zealand Institution: Victoria University of Wellington Qualification Title: Bachelor of Commerce majoring in accounting. Qualification structure The qualification has 360 credits, same as the new qualification with the following rules of combination: First-year: Learners are required to complete seven compulsory modules at 100 level. or or or Second-year six compulsory modules at 200 level: The third-year three compulsory modules at 300 level: In conclusion, the core modules of the qualifications, the exit level outcomes, the assessment methods, the entry requirements, the national qualifications framework level and the three-year duration of study make the three qualifications (Australian and New Zealand) comparable to our Bachelor of Commerce in Accounting. In addition, the Victoria University of Wellington in New Zealand qualification also clearly states the minimum 360 credits for a Bachelor of Commerce degree. Regionally, some African countries such as Zimbabwe have a different model and offer qualifications at an honours level similar to the United Kingdom system. The University of Namibia offers a Bachelor of Accounting, and this was found to be very comparable to our Bachelor of Commerce in Accounting. Country: Republic of Namibia Institution: University of Namibia (UNAM) Qualification Title: Bachelor of Accounting Level: Level 7 Credits: 412 Credits Duration: 3 years Entry requirements: Qualification structure: Similar to the South African qualification, this qualification offers the following compulsory modules: First-year modules: Second-year modules: Third-year modules: This qualification compares best with the international qualification in that the exit level outcomes are similar in the following aspects: This qualification uses the following assessment methods similar to the new qualification: Learners will be assessed by formative and summative assessments which include: The learner is admitted to the examination in a module if the required continuous assessment mark of 40% has been obtained. A learner passes a module if a final mark of 50% is obtained. The final mark consists of the continuous assessment mark and the examination mark in a ratio of 50:50. A sub minimum of 40% must be obtained in the continuous assessment as well as examination. In Conclusion, the qualification was found to be very comparable to the proposed qualification. Regionally some African countries such as Zimbabwe have a different model and offer qualifications at the Honours level similar to the United Kingdom system. Comparison: Internationally this qualification can be compared to qualifications offered by the universities in Australia and New Zealand. The Australian education system is very similar to the South African system. Both systems have a three-year degree structure and an additional one-year for honours, unlike most European universities with a four-year structure with honours. The closest was the universities in Australia which have a similar three-year Bachelor of Commerce degree. Among other universities, four Australian universities offering some Bachelor of Commerce in Accounting degrees were chosen for international benchmarking purposes. The proposed qualification compares very well with the Bachelor of Commerce degrees in accounting offered by the Curtin University (Perth, Western Australia), Deakin University, University of Tasmania, and the University of Queensland in terms of structure, content and exit level outcomes. The University of Tasmania offers a Bachelor of Business in Accounting and offers a good comparison. Other institutions in India offer a common syllabus for the Bachelor of Commerce Honours in Accounting, which also presents a good comparison in terms of exit levels outcomes. the Bachelor of Accounting offered by the University of Namibia is comparable to our Bachelor of Commerce in Accounting in terms of exit level outcomes, alignment to the National Qualification as Level 7 of Namibia which is comparable to the South African NQF level. The grade 12 entry requirements are similar, the programme is offered over three years and the exit level modules are similar and cover similar exit level outcomes. Conclusion: The Bachelor of Commerce in Accounting, therefore, has been widely compared with the leading international institutions and it compares well with similar qualifications in terms of structure, content and exit level outcomes. It will therefore offer comparability for articulation either horizontally or vertically for postgraduate studies as well as mobility for graduates seeking employment and other opportunities abroad. |
ARTICULATION OPTIONS |
This qualification allows possibilities for both vertical and horizontal articulation.
Horizontal Articulation: Vertical Articulation: |
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. |