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:

Bachelor of Commerce in Management

SAQA QUAL ID	QUALIFICATION TITLE
80286	Bachelor of Commerce in Management
ORIGINATOR
Lyceum College (Pty) Ltd
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 First Degree	Field 03 - Business, Commerce and Management Studies		Generic Management
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
Passed the End Date - Status was "Reregistered"		SAQA 1141/23	2021-07-01	2024-06-30
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2025-06-30		2030-06-30

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 primary purpose of this qualification is to provide learners with applied competencies in the mastery, analysis, interpretation and application of business management. There is an emphasis on financial management and accounting principles in preparation for a career in the business management and accounting fields. It also provides a basis for further learning.

This Bachelor of Commerce in Management is designed to provide opportunities for the qualifying learner to access positions in:

Middle, senior and executive management.

Various departments including: Finance and Cost and Management Accounting.

It will also be of benefit to learners that deal with the public sector, i.e., quasi public institutions.

The learner will acquire a comprehensive and inter-related understanding of current and relevant management theories and practices prevalent in the public sector.

Rationale:

The Bachelor of Commerce in Management has been developed to meet specific national skills needs that exist in South Africa's unique and diverse labour market. Distance education provides an ideal opportunity to managers in the public sector i.e. on all three tiers of government, to upgrade their knowledge and level of professionalism without having to attend full-time (face-to-face) tuition. This programme is directed primarily at persons with some foundational management knowledge and work experience, who would like to expand their management competencies in key areas of business management and related disciplines, such as financial management and cost and management accounting.

It will also be of benefit to individuals who intend starting a career in business management with a strong focus on finance and who understand that a range of management, coupled with financial skills, form an integral part of any successful and responsive public sector. This qualification will allow the practitioner to register as an accounting officer with the appropriate professional bodies.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Mathematics at NQF Level 4.

Communications at NQF Level 4.

It is strongly recommended that the learner is proficient in end-user computing skills at NQF Level 3.

Recognition of Prior Learning:

Learning that has been acquired through formal, informal and non-formal means, is recognised for the fulfilment of the requirements of this qualification or part of the qualification. To be accorded Recognition of Prior Learning, the learner is required to demonstrate competence in the knowledge, skills, values and attitudes implicit in the Assessment Criteria of this qualification. Recognition of Prior Learning is performed by means of integrated assessment carried out by an experienced academic appointed by the providing institution, in agreement the relevant Education and Training Quality Assurance body.

Access to the Qualification:

Admission is open to all learners in possession of a Senior Certificate or equivalent NQF Level 4 qualification, subject to the additional requirements laid down by the providing institution and/or relevant ETQA.

RECOGNISE PREVIOUS LEARNING?

QUALIFICATION RULES

The qualification consists of the following compulsory modules totalling 432 credits:

4 modules at NQF Level 5 totalling 72 Credits.

6 modules at NQF Level 6 totalling 192 Credits.

5 modules at NQF Level 7 totalling 168 Credits.

EXIT LEVEL OUTCOMES

1. Understand the principles of business management as a science and how to incorporate them into the wide range of challenges in the South African Business environment in a multi-cultural context.
2. Apply the key terms, concepts, facts, principles, rules and theories of business management to an organisation.
3. Apply the key fundamentals and concepts of accounting principles and techniques to a business environment.
4. Evaluate the available tools and techniques and select and apply the most ones to solve business financial problems in familiar and unfamiliar contexts.
5. Discuss the inter-relatedness of the different areas involved in the business management environment, specifically pertaining to human resource management, information management, financial management and commercial law.

Critical Cross-Field Outcomes:

Identifying and solving problems are demonstrated during the application of business principles where creative thinking skills are used in developing and running a successful business.

Working effectively with others is demonstrated in the successful application of management, human resources and accounting practices in the management of a business.

Organising and managing self is demonstrated in the successful management of groups of people in various disciplines.

Collecting, analysing, organising and critically evaluating information is indicated in the successful running and performance of a business.

Communicating effectively, both verbally and in writing, is demonstrated through the successful engagement of all categories of people to maintain a successful business.

Utilising science and technology effectively and critically is clearly indicated in the successful production of reports and the successful performing of the business.

Demonstrating an understanding the world as a set of related systems is indicated the range of activities of the successful business manager and how this manager locates her/himself within the broader business system.

ASSOCIATED ASSESSMENT CRITERIA

The following Associated Assessment Criteria are applied in an integrated manner to determine competence against the Exit Level Outcomes:

1. Apply basic principles commonly used in the field of Statistics to a business.
2. Utilise the fundamental concepts of finance, and understand where each of these concepts fits into the financial management function.
3. Analyse and interpret the fundamental concepts of accounting.
4. Apply the developed intellectual competencies and practical skills of management principles in the functional management areas of operational management, purchasing management, logistics management, the entrepreneurial process and business ethics.
5. Apply the factors relating to consumer behaviour, developments in marketing, market segmentation and the principles affecting marketing strategy, such as product, price, place and packaging in making decisions regarding marketing communication especially in regard to services marketing and relationship marketing.
6. Apply the concepts of human resource management as a function of the organisation.
7. Apply the basic components of the law of contract and its requirements for validity.
8. Apply the principles relating to the law of partnership, company law, close corporations law and business trust law to the business environment.
9. Apply the International Financial Reporting Standards (IFRS), and the application thereof to the elements of financial statements, their measurement, recognition, presentation and disclosure.
10. Apply the basic aspects of a company's own shareholders' interest and investments, with specific emphasis on simple investments, to various financial instruments and investments.
11. Explain advanced general management concepts with the emphasis on the interpretation of additional management tasks and general management aspects, including decision-making, worker motivation, organisational communication, managing change, culture, innovation, diversity as well as planning techniques and modern organising practices.
12. Utilise the knowledge of small business management and its unique characteristics in the South African and broader business environment.
13. Analyse, apply and manage information in order to establish effective processes, to maintain quality and to apply technology maximally.
14. Apply the concepts of cost accounting.
15. Implement the methodology of project management into the business environment.
16. Analyse, interpret and apply knowledge relating to intermediate macro-economic topics, concepts and issues.
17. Apply economic indicators and the analysis of economic data to own buisness.
18. Prepare, present and disclose comprehensive financial statements in compliance with the requirements of the International Financial Reporting Standards (IFRS) and in accordance with the Fourth Schedule of the Companies' Act no. 61 of 1973.
19. Report on non-financial issues, such as the interaction between a company and the natural environment and society.
20. Implement the concepts of stock control, planning and stock management, budgeting standard costing, performance measurement, and transfer pricing.
21. Evaluate and select long-term investment options and make decisions regarding the financing of an enterprise and its long-term assets.
22. Utilise the underlying concepts of cost accounting.
23. Value business operations using different valuation methods and financial analysis techniques.
25. Apply the theories of international economies (with an emphasis on international trade, but also international investment and international migration) to an African context with the aid of economic models and well-structured arguments.
26. Demonstrate a coherent critical understanding of the role of money in the economy and what the role of money in the economy means for monetary policy in South Africa.

Integrated Assessment:

Formative assessment methods include:

Self assessment activities in the learning materials.

Case studies.

Knowledge tests.

Report writing and other generic management formats.

Basic research and project based assignments.

The student is required to put together a portfolio of evidence, which will act as proof that learning has taken place. Although this method of formative assessment is required, it will not be measured or monitored by the assessors due to the mode of distance learning. Compilation of the portfolio is designed to assist students toward the compilation of tutor-marked assignments, which are formally assessed.

Formative assessment is designed to ensure that:

It supports the teaching and learning process.

Provides constructive feedback to the student on his/her progress.

It helps to make decisions on the readiness of students to complete their summative assessment.

Is developmental in nature.

Does not award credits/certification.

Summative assessment includes:

Formal written examinations (where applicable oral assessment).

Summative assessment is making a judgment about achievement. Student-readiness determines whether the student will qualify for the respective examinations. It is required that the assignments are submitted in order to write an examination in each module.

Summative assessment occurs:

At the end of each study cycle of learning.

Is used to determine whether the student is competent in the required knowledge and skills.

Summative assessments will be conducted on a continuous basis throughout the learning experience. Summative assessments are moderated per module of learning, in order for all students to be fairly assessed against the planned outcomes.

INTERNATIONAL COMPARABILITY

A general comparison with similar programmes internationally revealed that the range of competencies is well articulated worldwide. The programme compares favourably with these programmes and should articulate well into programmes at Honours and Masters levels. The programme also relates well to any of the similar programmes offered at institutions of higher learning within SADC countries. The field of Business Management (with a strong focus on finance) is a well established field of study and a large degree of synergy in the different programmes is noted.

A direct comparison of the title, specific outcomes, assessment criteria and embedded knowledge was undertaken with each and the best practice points were highlighted and incorporated.

Conclusion:

This Qualification compares favourably with best practice in all countries where business management qualifications are offered at Bachelor degree level.

ARTICULATION OPTIONS

The qualification should articulate vertically to a variety of degrees offered at Public or Private Institutions, for example:

Honours Degree in Business Management (Finance/Cost and Management Accounting).

The qualification should articulate horizontally with other specialist areas offered at Degree level, for example:

Bachelor's Degree in Business Management (Economics).

Bachelor's Degree in Business Management (Econometrics).

Bachelor's Degree in Business Management (Accounting).

Bachelor's Degree in Business Management (Monetary and Financial Economics).

Bachelor's Degree in Business Management (International Trade and Finance).

Bachelor's Degree in Business Management (Financial Planning).

Bachelor's Degree in Business Management (Financial Management).

Bachelor's Degree in Business Management (Investment Management).

Bachelor's Degree in Business Management (Public Economics and Development).

Bachelor's Degree in Business Management (Trade and Development).

MODERATION OPTIONS

Lyceum College's academic staff unit is responsible for the setting of formative and summative assessment tools. The marking of assignments, projects and examinations must be carried out in accordance with the per-determined assessment criteria. Assessment marks will be moderated and verified by sampling done by an external moderator.

REREGISTRATION HISTORY

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

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.	Lyceum College (Pty) Ltd