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 THAT HAS PASSED THE END DATE:

National Diploma: Cost and Management Accounting

SAQA QUAL ID	QUALIFICATION TITLE
72289	National Diploma: Cost and Management Accounting
ORIGINATOR
Mangosuthu University of Technology
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY			NQF SUB-FRAMEWORK
CHE - Council on Higher Education			HEQSF - Higher Education Qualifications Sub-framework
QUALIFICATION TYPE	FIELD		SUBFIELD
National Diploma	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	Level 6	NQF Level 06	Regular-Provider-ELOAC
REGISTRATION STATUS		SAQA DECISION NUMBER	REGISTRATION START DATE	REGISTRATION END DATE
Passed the End Date - Status was "Reregistered"		SAQA 0695/12	2012-07-01	2014-12-31
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2015-12-31		2023-12-31

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 replaces:

Qual ID	Qualification Title	Pre-2009 NQF Level	NQF Level	Min Credits	Replacement Status
1061	National Diploma: Cost and Management Accounting	Level 6	Level TBA: Pre-2009 was L6	360	Complete

This qualification is replaced by:

Qual ID	Qualification Title	Pre-2009 NQF Level	NQF Level	Min Credits	Replacement Status
96853	Diploma in Cost and Management Accounting	Not Applicable	NQF Level 06	360	Complete

PURPOSE AND RATIONALE OF THE QUALIFICATION

The purpose of this qualification is for the graduate to analyse and manage accounting information in order to provide independent accounting services, to supervise an accounting department and to act as accounting officer in commerce and industry.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Diploma in Cost and Managment Accounting or equivalent (level 5)

RECOGNISE PREVIOUS LEARNING?

EXIT LEVEL OUTCOMES

The qualifying learner should be able to:

1. Determine and apply various techniques whereby timeous and accurate information could be made available for decision-making and control
2. Prepare and interpret financial statements of companies and groups of companies in accordance with GAAP including the valuation of interests represented by these statements
3. Record the accounting implications of changes within a company structure and investments
4. Determine the tax liability of individuals, assist with the tax liability of other legal entities and prepare submissions to the South African
5. Identify the economic environment within which South African commercial organisations apply their trade
6. Develop an administration system together with the business plan for a small retail business

SPECIFIED OUTCOMES:
1.
Prepare any budget needed for planning of future activities of a business (C 6 credits)
Calculate and interpret any variance from a set standard in a budget (C 8 credits)
Analyse and develop ways of controlling marketing expenses (C 6 credits)
Calculate and apply quantitative techniques for management decisions (C 10 credits)

2.
Prepare financial statements for companies disclosing all the information required by GAAP (C 5 credits)
Prepare consolidated financial statements for a group (Max 2 subsidiaries) (C 4 credits)
Illustrate disclosure requirements in respect of changes in accounting policy, leases, instalment sales and earnings per share (C 4 credits)
Determine, compare and interpret ratios of profitability, liquidity, financial structure and financial cover (C 4 credits)
Determine the value of business interests by way of at least 3 valuation methods (C 5 credits)

3.
Prepare the accounting entries and draft the balance sheet reflecting the effect of liquidations, amalgamations and reconstructions (C 4 credits)
Record investment transactions and clearly distinguishing capital from income (C 4 credits)

4.
Identify taxable income and tax-deductible expenses (F 12 credits)
Prepare annual tax returns for individuals and other bodies (F 6 credits)
Prepare provisional tax returns (F 6 credits)
Explain the tax liability of the employer (F 6 credits)

5.
Describe the interaction between supply and demand within the market place (E level 5) (6 credits)
Identify the various market forms (E Level 5) (6 credits)
Discuss monetary policy (E Level 5 - 6 credits)
Discuss fiscal policy (E Level 5) (6 credits)
Appreciate international trade and finance (E Level 5) (6 credits)

6. Compile an effective internal mail and communication system for the business (E Level 5) (2 credits)
Compile an effective external communication system (mail, fax, e-mail, internet, etc.) for the business (E Level 5) (2 credits)
Compile effective documentation systems for the activities of the business (E Level 5) (2 credits)
Select an effective computer software system for the administration of a retail business (E Level 5) (3 credits)
Identify and determine the viability of a business opportunity (E Level 5) (5 credits)
Compile a workable business plan (E Level 5) (16 credits)

CRITICAL LEVEL:
The qualification is designed and should be presented and assessed in such a way that the following skills of the learner are promoted and developed:
The ability to:
1. Take decisions and accept responsibility
2. Identify and solve basic problems
3. Communicate effectively by way of mathematical and written presentations
4. Work with others as a member of a team
5. Collect, analyse and evaluate information
6. Demonstrate an understanding of the world to identify entrepreneurial opportunities

ASSOCIATED ASSESSMENT CRITERIA

1.
Budgets are correctly prepared
Variances are correctly calculated and interpreted
Marketing expenses are analysed and ways described whereby it could be controlled
Quantitative techniques are correctly calculated and applied for management decisions

2.
Financial statements and consolidated
Financial statements, illustrating disclosure
Requirements in respect of accounting policy, leases, instalments and earnings per share, are prepared
Ratios are calculated, compared and interpreted
The values of business interests are determined

3.
Accounting entries and balance sheets reflecting the effect of liquidations, amalgamations and reconstructions are prepared
Investment transactions are correctly recorded

4.
The tax liabilities of different legal entities are determined
Annual tax returns are prepared
Provisional tax returns are prepared
The tax liability of the employer is determined

5.
The interaction between supply and demand is explained to ensure that the learner will understand the basic principles of a market economy
Markets forms are identified
Monetary and fiscal policies are discussed
Practical economic scenarios, covering national and international situations, are discussed and interpreted
International trade and finance are appreciated

6.
An effective internal mail and communication system for the business is correctly compiled
An effective external communication system for the business is correctly compiled
Effective documentation systems for the activities of the business are correctly compiled
An effective computer software system for the administration of a retail business is correctly selected
The viability of a business opportunity is correctly identified and determined
A workable plan with sub-sections, covering clearly the functions of marketing, finances, administration, personnel, assets, logistics, production, public relations and housekeeping for a retail business that will ensure the successful starting of such business, is correctly compiled.

Integrated assessment:

Competency is formatively assessed by way of tests and projects, and summatively by way of written and practical examinations.

ARTICULATION OPTIONS

B.Tech: Cost and Management Accounting

MODERATION OPTIONS

As required by SERTEC

CRITERIA FOR THE REGISTRATION OF ASSESSORS

As required by SERTEC

REREGISTRATION HISTORY

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

LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION:

When qualifications are replaced, some (but not all) of their learning programmes are moved to the replacement qualifications. If a learning programme appears to be missing from here, please check the replaced 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.	Mangosuthu University of Technology