Associated Assessment Criteria for Exit Level Outcome 1:
The role of business in society, considering the needs and resources of the community, the main economic systems and the nature of Business Management are explained.
The internal and external business environment and the interaction between an organisation and its environment are identified and explained.
The entrepreneurial process, the characteristics of an entrepreneur, the difference between an entrepreneurial venture and a small business and the phases of growth in a business are defined and explained.
The origin of management theory and modern business management approaches are identified and explained.
Skills, roles and characteristics of managers as important role players in establishing effective and efficient business practice are analysed.
All the relevant aspects, processes, characteristics, theories, models and techniques relevant to the four primary management functions (i.e. planning, organising, leading and controlling) are identified and explained.
Associated Assessment Criteria for Exit Level Outcome 2:
Prepare, analyse and interpret financial statements of sole traders, partnerships and close corporations.
Demonstrate an understanding of the use of scarce resources.
Understand the production and distribution choices available, how the price system works, broad concepts such as inflation, unemployment, economic growth, imports, exports balance of payment, the role of government in the economy and the monetary policy.
Describe and analyse numerical data, understand probability distribution concepts, hypothesis testing as a technique for decision making.
Understand how organized society operates within a legal framework, how members of society relate and deal with each other and how business organisations are regulated by commercial laws.
Understand the marketing concepts, such as segmentation, targeting and positioning.
Associated Assessment Criteria for Exit Level Outcome 3:
Apply principles and practices learnt in the classroom setting to their work setting in an efficient and effective manner.
Develop techniques and measures to monitor and control forecasts.
Understand the management process strategy, capacity planning, layout strategies, location strategies, inventory management and scheduling.
Gain an understanding challenges stemming from the movement of goods, human resources, technology, finance and ownership across national boundaries.
Appreciate the multicultural and socio-economic aspects of the environments in which the international firms operate.
Have an understanding of the theoretical framework of diversity and be able to work with people from diverse backgrounds.
Explain the role and functions of leadership in formulating policies that pertain to setting vision, mission, goals and objectives in both public and private sectors.
Be acquainted with the concepts of entrepreneurship and be able to apply these concepts in the development of business plan.
Understand how to think strategically about an organization's present position, its long term direction, resources, competitive capabilities and the calibre of its present strategy and its opportunities for gaining sustainable competitive advantage.
Understand how to conduct strategic analysis of an organization which faces competitive challenges in a global market environment.
Develop the skill of drafting a business strategy for competitive advantage.
Recognise ethical issues and their influence on social responsibility and management decision making.
Identify types of financial markets and major participants in those markets.
Describe the role of investment bankers and brokers.
Determine the expected return and risk of portfolios and be able to construct efficient portfolios.
Formulate futures market strategies for hedging or speculative purposes.
Understand the nature, objectives, theoretical and legal requirements of auditing.
Understand the role of the external auditor, the perspective from the internal auditor's point of view and the relationship with the internal accountants.
Develop the skill of audit reporting on annual financial statements and group financial statements and other engagements and reporting issues.
Understand the legal and practical steps involved in taking account of the financial circumstances of a business, and be able to accurately and reliably calculate its tax liability for the year of assessment.
Have a better grasp of the application of theoretical accountancy of a more advanced and complex nature, and be thus enabled to compile Financial Statements for lower Management.
Associated Assessment Criteria for Exit Level Outcome 4:
Demonstrate analytical thinking through solving cases that pertain to behaviour of people in the workplace.
Apply the theories in group projects or research and diagnose problems organizations face and present some solutions.
Formulate human resources management policies with specific emphasis on recruitment, selection, training and development in order to improve employee productivity.
Understand employer/employee relations, labour law such as Employment Equity Act, Skills Development Act and Basic Conditions of Employment Act.
Associated Assessment Criteria for Exit Level Outcome 5:
Understand the need for both a management accounting and a financial accounting system.
Demonstrate how cost management systems provide support for quality initiatives.
Demonstrate the ability to prepare a budget and understand its effect on strategic and tactical planning.
Understand the relationship between financial institutions and markets and their role in the money and capital markets.
Understand the meaning of risk and return and risk preferences.
Differentiate between debt and equity capital.
Understand the integrated marketing communication mix.
Associated Assessment Criteria for Exit Level Outcome 6:
Understand matters relating to taxation of businesses, including Provisional Taxation, provisions for tax, and employee's tax in order to prepare analyses and documents for the Financial Accountant when completing the company's annual Tax Returns.
Understand the basic principles relating to consolidated Financial Statements of a holding company and its subsidiaries, which will enable them to assist the Financial Accountant in the preparation of these financial statements.
Demonstrate an understanding and appreciation of the taxation of individuals and its various applications in society, business and employment.
Accurately and reliably calculate the taxation liability of an individual from details of his/her total income and related circumstances for a given year of assessment.
Integrated Assessment:
In the assessment strategy as a whole, evidence must be demonstrated through a variety of options: case studies, problem solving assignments, portfolios of learning materials, written examinations, and presentations.
Guidelines for assessing integrated and applied competence related to each Exit Level Outcome are provided.
In the assessment strategy as a whole, evidence must be demonstrated through a variety of options: case studies, problem-solving assignments, portfolios of learning materials, projects, written oral examinations and internship (experiential learning). Some of these options are more suited to the assessment of foundational competence, rather that practical and reflexive competence.
The final integrated assessment needs to have the following characteristics:
It should assess the extent to which the learner will be able to operate efficiently within the business professional environment.
It should assess the extent to which the learner will be able to operate efficiently within communication professional environment.
It should measure the extent to which the learner has integrated the roles and the knowledge and the skills delivered through the different courses that make up the degree programme.
It should be designed in such a way that the various components are assessed through specialisation.
It should measure the ability to perform important practical functions competently such as effective presentations, managing a PR campaign, etc., (a practical competence), understand the theoretical basis for these actions (foundational competence), and reflect on and make changes to teaching and learning practices (reflexive competence).
The assessment criteria and evidence requirements are as follows:
In practical in vivo and in situ work setting, a learning setting, a simulated setting, or a situation that combines the practical, the simulated and the written, the learner will:
Generate, explore and consider options for appropriate action.
Identify the most appropriate course of action in relation to the particular context, topic and resources available.
Explain the reasons for that particular selection as well as what was taken into account in making the selection.
Perform the identified action, while continuously monitoring and adapting performance as required.
Explain the reasons for the performance.
Evaluate the reasons for the performance.
Reflect on the learning and performance.
Develop a plan or strategy for future action which reflects an integration of what has been learnt through reflection. |
