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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION: 

Diploma in Cost and Management Accounting 
SAQA QUAL ID QUALIFICATION TITLE
96853  Diploma in 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
Diploma (Min 360)  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 06  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 this qualification is to ensure competence in performing reporting functions, rendering taxation services and management advisory services, but the activities are not necessarily at an advanced, complex and non-routine level.

The successful learner/graduate will be able to analyse and manage accounting information in order to provide independent accounting services and act as an accounting officer.

Rationale:
The rationale for this qualification is to provide learners with the necessary knowledge, competence and skills to work in an environment and understand the world of work, be confident about their value and have a higher than average chance of being employed.

The qualification also seeks to equip learners with management accounting skills and knowledge thereby satisfying the national demand for public and private sector accounting technicians. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Recognition of Prior Learning (RPL):
Candidates that are able to demonstrate high levels of competencies, through summative assessment processes attached to this qualification, will receive Recognition of Prior Learning.
  • It is recognised that candidates may have been competently performing the competencies contained in this qualification in a workplace setting for many years without having gained any formal qualification. The aim of the summative assessment through the RPL process will be to enable such candidates to obtain qualification in whole or in part.
  • The application for RPL will be required to prepare the Portfolio of Evidence (PoE); and the latter assessed and moderated using tools and techniques used for assessment of the qualification and through applicable unit standards.

    Entry Requirements:
    National Senior Certificate:
  • English Additional Language: 5
    Or
  • English Home Language: 4
  • Mathematics: 4
    Or
  • Mathematical Literacy: 6
  • Any three additional subjects, excluding Life Orientation, at achievement level 3 per subject.


    Senior Certificate:
  • English Higher Grade: E.
    Or
  • English Standard Grade: D.
  • Mathematics Higher Grade: E.
    Or
  • Mathematics Standard Grade: D.
  • Accounting Higher Grade: D.
    Or
  • Accounting Standard Grade: A.

    Senior Certificate Vocational (NCV):Level 4:
    Achieve passes in each of the following fundamental subjects:
  • English (First Additional Language) 50%.
  • Mathematics 50% or Mathematical Literacy 60%.
  • Life Orientation 50%.

    And

    Achieve 60% pass in each of the following three compulsory vocational subjects:
  • Applied Accounting.
  • Financial Management.
  • Economic Environment. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    NQF Level 5:
  • Business Calculations & Statistics, 24 Credits.
  • Commercial Law for Accountants I, 24 Credits.
  • English Communication Skills, 24 Credits.
  • Business Info. Systems I, 24 Credits.
  • Economics I, 24 Credits.
  • Financial Accounting I, 24 Credits.
    Total Credits:144.

    NQF Level 6:
  • Enterprise Management, 24 Credits.
  • Commercial Law for Acc. II, 24 Credits.
  • Cost Accounting II, 24 Credits
  • Financial Accounting II, 24 Credits.
  • Taxation I, 24 Credits.
    Total Credits: 120.

    NQF Level 6:
  • Financial Accounting III, 32 Credits.
  • Management Accounting III, 32 Credits.
  • Taxation II, 32 Credits
  • Financial Management, 32 Credits.
  • Practical Accounting Integrated, 32 Credits.
    Total Credits:160.

    14 annual subjects plus 4 semester subjects:424 
    		•

    EXIT LEVEL OUTCOMES 
    1. Classify, record, implement and maintain basic accounting systems in compliance with the basic principles and have understanding of audit principles.
    2. Apply, implement and maintain the basic principles in cost and management accounting systems.
    3. Acquire and apply basic legal principles within the accountancy and/or corporate environment.
    4. Use basic computer software.
    5. Analyse, design, implement and apply cost and management accounting techniques for decision-making purposes.
    6. Analyse and manage accounting systems and preparation and interpretation of financial statements in compliance with statutory requirements to facilitate decision-making.
    7. Discuss the law applicable to the various forms of enterprise.
    8. Minimising tax liability through effective tax planning and assess individuals, companies and farming operations.
    9. Practical Accounting. 

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:
  • Source documents are correctly prepared for data capturing.
  • Sorted documents are correctly recorded in the relevant books of prime-entry.
  • Financial statements are analysed and interpreted at a basic level.
  • Basic auditing principles are correctly applied.

    Associated Assessment Criteria for Exit Level Outcome 2:
  • Inventory systems are correctly administered.
  • Costs of manufactured products are correctly determined.
  • Basic costing systems are correctly operated.
  • Joint and by-products are correctly accounted for.

    Associated Assessment Criteria for Exit Level Outcome 3:
  • Basic legal principles are correctly applied.
  • Legal principles are correctly applied in the right context.
  • Agreement are correctly identified and interpreted.
  • Principles of negotiable instruments are correctly applied.

    Associated Assessment Criteria for Exit Level Outcome 4:
  • Data printouts are correctly prepared.
  • Basic spreadsheets are correctly produced.

    Associated Assessment Criteria for Exit Level Outcome 5:
  • Operating, financial, and master budgets are accurately compiled.
  • Standard costing systems are correctly implemented and operated.
  • Management of resources techniques correctly calculated and interpreted.
  • Qualitative techniques are correctly applied for investment appraisal.

    Associated Assessment Criteria for Exit Level Outcome 6:
  • Financial statements are prepared according to statutory requirements. Basic consolidated financial statements for companies can be compiled correctly.
  • Business interest can be analysed and correctly valuated.
  • Financial statements can be accurately analysed and interpreted.
  • Statutory and accounting requirements in respect of liquidations, amalgamations and the reconstruction of companies can be performed.

    Associated Assessment Criteria for Exit Level Outcome 7:
  • Different forms of enterprise are compared and differences are compared.
  • Legal principles pertaining to companies and close corporations are interpreted and applied to practical case studies.
  • Legal ways on how to start your own business are analysed, discussed and evaluated.

    Associated Assessment Criteria for Exit Level Outcome 8:
  • Taxation of individuals, companies and provision relating to trading stock and the general provisions can be correctly applied.
  • Taxation of farming operations can be correctly applied.
  • Value added taxation can be correctly applied.
  • Capital Gains taxation can be correctly applied.

    Associated Assessment Criteria for Exit Level Outcome 9:
  • Students should be able to apply written accounting scenarios using the accounting packages to process financial, taxation, payroll and management accounting data and information.
  • Able to use auditing software to perform assurance and related activities.
  • Students are expected to demonstrate the ability to proficiently use the accounting and payroll software to setup, edit, record, journalise and print correctly formatted financial statements and financial and payroll reports.

    Integrated Assessment:
    3 Formative assessments constitute the learners' competence to determine entrance into the examination which constitutes the summative assessment. The final mark comprises 40% of the year mark and 60% of the examination mark. 
    		•

    INTERNATIONAL COMPARABILITY 
    The programme was nationally recurriculated and the Chartered Institute of Management Accountants (CIMA) made input into the new offering. CIMA is a senior member of IFAC (International Federation of Accountants). IFAC is an organisation of national professional accountancy organisations that has 153 member bodies in 113 countries. 

    ARTICULATION OPTIONS 
    Advanced Diploma in Cost and Management Accounting. 

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

    NOTES 
    N/A 

    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 


    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.