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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 Financial Management |
SAQA QUAL ID | QUALIFICATION TITLE | |||
94677 | Bachelor of Commerce in Financial Management | |||
ORIGINATOR | ||||
MANCOSA 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 | 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 | |||
2028-06-30 | 2033-06-30 |
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 purpose of the qualification is to provide learners with graduate-level knowledge, specific skills and applied competence in a number of fields in Financial Management and Accounting. This will provide opportunities for continued personal intellectual growth, enhanced marketability and enhanced employability whilst opening up new access routes to additional education and training opportunities. The Bachelor of Commerce in Financial Management will provide access to higher education to persons wanting to make careers in the field of commerce and will complement the existing accredited qualifications. The purpose of the qualification is to respond to the needs of the community, industry, private sector and financial sector in the provision of a degree in financial management. The qualification will enable learners to: Rationale: While South Africa possesses an 88% basic literacy level, financial literacy is still a concern. The latest data from the annual study of South African financial habits and attitudes shows a high percentage of misunderstanding or no knowledge of key financial management concepts and functions (FinScope). To address this challenge and in keeping with its mission of offering affordable, accessible and accredited management qualifications relevant to the South African market. The access to higher education could have a significant positive influence on the ability of young businessmen and women to become leaders in their fields and to make positive contributions to the economies of their countries. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
Recognition of Prior Learning (RPL):
This qualification may be obtained in whole or in part through the recognition of prior learning. In the cases where prior learning is to be recognised for purposes of access to the qualification: Where appropriate, interviews will also be conducted to assess the learners. Some of the key criteria that will be used in evaluating learners include: Where prior learning is recognised for advanced standing, credit will be given for prior certificated learning in accordance with established practice at South African higher education institutions. The amount of 'specific' credit granted is dependent on the match between prior learning and award towards which the intended qualification leads. Credits may only be accumulated for modules, which are prescribed within the structure of a named award. Entry Requirements: Learners are required to have the following in place in order to be considered for admission: Or Or |
RECOGNISE PREVIOUS LEARNING? |
Y |
QUALIFICATION RULES |
The qualification consists of 24 modules at NQF Levels 5, 6 and 7 totalling 360 Credits.
NQF Level 5 modules (4 modules totalling 60 Credits): Total number credits at NQF Level 5 is 60. NQF Level 6 modules (4 modules totalling 60 Credits): Total number credits at NQF Level 6 is 60. NQF Level 7 modules (16 modules totalling 240 Credits): Total number of credits at NQF Level 7 is 240. |
EXIT LEVEL OUTCOMES |
1. Obtain and assimilate knowledge appropriate to the practice of financial management in any organisation.
2. Evaluate financial and accounting concepts and principles and their application in solutions to practical financial problems. 3. Prepare financial statements of entities, including groups of companies, using relevant financial information, accounting techniques and standards; and to analyse and interpret such financial statements. 4. Apply financial management techniques to issues affecting investment, financing, and dividend policy decisions of an organisation. 5. Understand the general legal framework, and apply specific legal principles relating to business, including taxation legislation as applicable to individuals, single companies and groups of companies. |
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: Integrated Assessment: Assessment centres on: Assessment methods measure the extent to which the learner has achieved competence in the different areas of study delivered through course modules. These assessment methods include: |
INTERNATIONAL COMPARABILITY |
University of Southern Queensland (USQ) in Australia offers the Bachelor of Commerce majoring in finance. This qualification is a career-oriented degree designed to equip learners with the skills and knowledge for a career in finance. They will start their specialisation (major) in your first year and have numerous opportunities to put your learning into practice. They also have the option to choose a second major from a range of business, commerce and arts courses to shape the career they want and strengthen their position. For example, a double major in accounting and finance is one of the most popular combinations.
With this specialisation, they will learn about the financial side of running a business, namely managing money and investments. They will cover the fundamentals of financial environments and modern analytical techniques and apply their study to various areas of the finance spectrum, learning the ins and outs of business finance, stockbroking, investment management, international financial management and financial economics. The University of Ottawa in Canada offers the Bachelor of Commerce in Finance: The finance option is designed to equip learners with the necessary tools for a career in corporate finance or in the field of investments. Financial management theory and practice as well as financial instruments issued by corporations and modern valuation techniques are covered in depth. Learners can expand their financial knowledge by focusing on derivative markets and specialised topics in corporate and international finance. This qualification is designed to equip learners with the necessary tools in finance for a career in either the corporate area or the field of investments. The theory and practice of financial management are combined with a comprehensive presentation of the financial instruments issued by corporations and modern valuation techniques. Learners can extend their financial knowledge by focusing on derivative markets, and specialized topics in corporate and international finance. Conclusion: From the above information gathered, it is clear that this qualification compares favourably with the international qualifications in terms of the purpose of the qualifications. |
ARTICULATION OPTIONS |
This qualification is designed to articulate within and across the NQF sub-frameworks in the spirit of life-long learning. It articulates horizontally with NQF Level 7 registered qualifications with Financial Management as a major subject such as Advanced Diploma in Management of Finance. Vertically it gives access to other related Degrees at NQF Level 8 and Bachelor of Commerce Honours Degrees of other SA universities such as Bachelor of Commerce Honours in Financial Management. |
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 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. | MANCOSA Pty (Ltd) |
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. |