SAQA 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 Honours in Financial Management 
SAQA QUAL ID QUALIFICATION TITLE
19962  Bachelor of Commerce Honours in Financial Management 
ORIGINATOR
University of Cape Town 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
Honours 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  120  Level 7  NQF Level 08  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
2028-06-30   2031-06-30  

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 
The broad aim of the qualification is the preparation of participants for executive positions in financial management. The approach is interdisciplinary with the emphasis on the development of conceptual knowledge and problem-solving ability in issues regarding Financial Management within the context of strategic management planning.

The objectives of the qualification are as follows:
  • Focus on the underlying concepts in financial management and management control within the context of strategic management, through the study of appropriate textual and journal material.
  • Create the structure which allows the participants to develop a rational approach to financial management in a relatively unstructured academic environment.
  • Provide opportunities for participants to receive instruction and to discuss financial planning, management and control issues in depth.

    Develop the ability, given a particular financial situation within a business environment to:
  • Identify key issues.
  • Focus on relevant information.
  • Rank issues in order of importance.
  • Process required computations.
  • Suggest and debate alternative courses of action.
  • Select the most appropriate course of action.
  • Develop the ability to present a motivated solution to a complex financial issue, given the possibility of alternative solutions, to small and large groups of participants.
  • Develop the participant's oral and written communication skills. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Recognition of Prior Learning (RPL):
    The institution conducts RPL in terms of the policy and guidelines of the institution to recognise other forms of formal, informal and non-formal learning and experience.
    In cases where learners do not comply with the formal admission requirements, the institution applies its RPL policy.

    Entry requirements:
    The minimum entry requirement for this qualification is:
  • Bachelor of Commerce in Economics or Accounting, NQF Level 7.
  • Advanced Diploma in the field of Economics or Accounting, NQF Level 7. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    EXIT LEVEL OUTCOMES 
    1. Understand and manipulate quantitative information provided in tables, graphs and sets of equations.
    2. Critically understand written texts of descriptive, prescriptive and argumentative characters.
    3. Produce written texts of descriptive, prescriptive and argumentative characters to accepted international standards.
    4. Find information of professional relevance efficiently and independently.
    5. Use and organise such information to conduct systematic research aimed at providing answers to questions whose resolutions are not antecedently known, or to verifying answers that are assumed based on 'accepted wisdom.
    6. Evaluate a given particular financial situation and identify key issues, rank issues, suggest and debate alternative courses of action and select the most appropriate course of action.
    7. Present a written motivated solution to a complex financial problem.
    8. Present the motivated solution orally to both small and large groups of stakeholders.
    9. Use information-technology efficiently and independently.
    10. Use the internet to find and access information.
    11. Understand when and how to acknowledge the limitations of his or her expertise and elicit the more appropriate expertise of others.
    12. Appreciate the importance of life-long learning and the importance of self-initiative in pursuing it.
    13. Understand and initialised as a personal value the importance of conducting financial activity within the scope of the law. 

    ASSOCIATED ASSESSMENT CRITERIA 
    The following associated assessment criteria apply across all Exit Level Outcomes:
  • Produce solutions to both familiar and novel business problems as these arise in the course of financial management.
  • Communicate his or her understanding of business problems and solutions to others in ways that are clear but not arrogant or presumptive.
  • Critically receive and understand the descriptions and suggestions of business colleagues and clients.
  • Understand the difference between personal and social (often corporate, sometimes public) goals.
  • Understand the importance of commitment to the latter even when they diverge with his or her personal interests.
  • Appreciate the contexts in which specific technical competencies identified below can best be integrated with the general competencies just identified.

    Integrated Assessment:
    Integrated assessment is designed to collect evidence from the learner to demonstrate that the purpose(s) of the qualification as a whole has been achieved, that the exit level outcomes have been attained. It is often used to assess, at the exit point from qualification, the integration and application of knowledge, skills (and values/attitudes) learnt from all aspects of the requirement.

    Inevitably, integrated assessment demands a variety of assessment methods such as group presentations, discussion papers, individual assignments, group assignments and a research report. The combination of these methods provides evidence that the learner has achieved the applied competence at the exit point of a qualification that the qualification claims as its purpose.

    The learner will be assessed specifically on competencies in critical literacy, critical reasoning, numeric, computer-literacy, practical research and report writing. Such competence will be assessed through a mix of formal written examinations, individual and group projects, individual and group presentations, team problem-solving workshops and simulations. In all such assignments, a learner's performance will be assessed based on his or her:

    i) Demonstration of ability to organise ideas and facts in a logical, coherent way.
    ii) Demonstration of ability to anticipate the responses and objections of an imagined reader.
    iii) Ability to integrate numerical data into prose descriptions and arguments.
    iv) Demonstrated understanding of the need to cite references fairly and accurately.
    v) Demonstrated ability to represent and consider views and perspectives alternative to his or her own.

    The BCom. (Honours) in Financial Management learner will be assessed specifically on practical competencies in ability to identify and research, assess and formulate and solve convergent and divergent problems related to financial information, read critically, understand and integrate financial data and reports, make basic judgements on the value of an item of financially related information, prepare financially-related reports with objectivity, conciseness and clarity.

    Such competence will be assessed through assigned individual projects and classroom debate, written examinations and the research report of approximately 10 000 words. The research report must demonstrate competence in the following areas, all of which are examined in the examination of the research report.
  • Research problem formulation.
  • Integration of literature.
  • Use of appropriate methodology.
  • Integration of findings.

    The research report is subject to external examination. 
    		•

    INTERNATIONAL COMPARABILITY 
    This qualification is comparable to similar qualifications from around the world with regard to outcomes and assessment criteria, the level of depth and complexity involved in the study process, a range of competence in the learning content and with due regard to notional learning time. 

    ARTICULATION OPTIONS 
    This qualification offers both possibilities of horizontal and vertical articulation.

    Horizontal Articulation:
  • Postgraduate Diploma in Commerce, NQF Level 8.
  • Bachelor of Accounting Science, NQF Level 8.

    Vertical Articulation:
  • Master of Commerce in Financial Management, NQF Level 9.
  • Master of Commerce in Accounting, NQF Level 9. 
    		•

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2006; 2009; 2012; 2015. 

    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.
     
    1. University of Cape Town 


    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.