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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION: 

Diploma in Cost and Management Accounting 
SAQA QUAL ID QUALIFICATION TITLE
101164  Diploma in Cost and Management Accounting 
ORIGINATOR
Vaal 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
2027-06-30   2029-06-30  

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 intended purpose of this Qualification is to give the successful learner a professional, vocational and sound understanding of the general theoretical principles and their applications in the field of Cost and Management Accounting.

Rationale:
The qualification intend to empower 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 
Recognition of Prior Learning (RPL):
The Institutional Recognition of Prior Learning (RPL) policy and procedures are followed. Learners who do not meet entry requirements can apply for access to the qualification through RPL against a module, or part/full qualification for learning obtained through formal, informal and non-formal learning. Learners need to submit a Portfolio of Evidence which will be internally assessed. Credits may be awarded based on the assessment results and learners have the opportunity to appeal against the assessment result where credits were not awarded.

Entry Requirements.
The minimum requirement is:
  • National Senior Certificate National Qualifications Framework (NQF) Level 4. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    This qualification comprises of compulsory modules at Level 5 and 6 totalling at 370 Credits.

    Compulsory Modules, Level 5, 124 Credits:
  • Commercial Law for Accountants 1.2, 10 Credits.
  • Accounting 1.1, 12 Credits.
  • Accounting 1.2, 12 Credits.
  • Economics 1.1, 12 Credits.
  • Information and Communications Technology (ICT) Skills 1, 10 Credits.
  • Auditing Aspects 1, 12 Credits.
  • Economics 1.2, 12 Credits.
  • Applied Communication Skills 1.1, 8 Credits.
  • Commercial Law for Accountants 1.1, 10 Credits.
  • Applied Communication Skills 1.2, 8 Credits.
  • Accounting Technology 1, 8 Credits.
  • Entrepreneurship 1, 10 Credits.

    Compulsory Modules, Level 246, Credits:
  • Applied Communication Skills 2.1, 8 Credits.
  • Commercial Law for Accountants 2.1, 12 Credits.
  • Cost and Management Accounting 1.1, 12 Credits.
  • Applied Communication Skills 2.2, 8 Credits.
  • Commercial Law for Accountants 2.2, 12 Credits.
  • Cost and Management Accounting 1.2, 12 Credits.
  • Auditing 1.2, 12 Credits.
  • Taxation 1, 12 Credits.
  • Financial Accounting 1.1, 12 Credits.
  • Auditing 1.1, 12 Credits.
  • Financial Accounting 1.2, 12 Credits.
  • Cost and Management Accounting 2.1, 15 Credits.
  • Accounting Technology 2, 8 Credits.
  • Financial Accounting 2.2, 15 Credits.
  • Financial Accounting 2.1, 15 Credits.
  • Cost and Management Accounting 2.2, 15 Credits.
  • Business Ethics 1, 10 Credits.
  • Statistics 1.2, 10 Credits.
  • Taxation 2.1, 12 Credits.
  • Taxation 2.2, 12 Credits.
  • Statistics 1.1, 10 Credits. 
    		•

    EXIT LEVEL OUTCOMES 
    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 Revenue Service.
    5.Identify the economic environment within which South African commercial organizations apply their trade.
    6.Develop an administration system together with the business plan for a small retail business. 

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:
  • Prepare budgets correctly.
  • Calculate and interpret variances.
  • Analyse and describe ways whereby marketing expenses can be controlled.
  • Calculate and apply quantitative techniques for management decisions.

    Associated Assessment Criteria for Exit Level Outcome 2:
  • Prepare financial statements and consolidated financial statements.
  • Illustrate disclosure requirements in respect of accounting policy, leases, instalments and earnings per share.
  • Calculate, compare and interpret ratios.
  • Determine the values of business interests.

    Associated Assessment Criteria for Exit Level Outcome 3:
  • Prepare accounting entries and balance sheets reflecting the effect of liquidations, amalgamations and reconstructions.
  • Record investment transactions.

    Associated Assessment Criteria for Exit Level Outcome 4:
  • Determine the tax liabilities of different legal entities.
  • Prepare annual tax returns.
  • Prepare provisional tax returns.
  • Determine the tax liability of the employer.

    Associated Assessment Criteria for Exit Level Outcome 5:
  • Explain the interaction between supply and demand showing understanding of the basic principles of a market economy.
  • Identify Markets forms.
  • Discuss monetary and fiscal policies.
  • Discuss and interpret practical economic scenarios, covering national and international situations.
  • Appreciate International trade and finance.

    Associated Assessment Criteria for Exit Level Outcome 6:
  • Compile an effective internal mail and communication system for the business.
  • Compile an effective external communication system for the business.
  • Compile effective documentation systems for the activities of the business.
  • Select an effective computer software system for the administration of a retail business.
  • Identify and determine the viability of a business opportunity.
  • Compile 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.

    Integrated Assessment.
    Both formative and summative assessments are integral components of all modules within the qualification and have application to both traditional summative and continuous assessment, ensuring overall applied competence. All teaching and learning activities in the qualification are aligned to the assessment approach of the individual modules indicating a constructive alignment approach in the design of the qualification. The assessment activities form an integral part of the teaching and learning process and are systematically and purposefully used to generate data for grading. Timely feedback to learners forms part of the assessment strategy of the institution and is used to inform teaching and learning and to improve the curriculum. Learning outcomes in all modules give an indication as to what will be assessed in the module and thus ensures constructive alignment of the modules within the qualification. 
    		•

    INTERNATIONAL COMPARABILITY 
    There are similar international qualifications, but individual institutions have unique offerings which may/may not articulate with this qualification entirely. There is undoubtedly synergy in courses with variations ranging from slight to extreme synergy-depending on the institution. 

    ARTICULATION OPTIONS 
    This qualification allows articulation:
    Vertical Articulation:
  • Advanced Diploma in Cost and Management Accounting, Level 7.
  • Advanced Diploma in Accounting, Level 7.

    Horizontal Articulation:
  • Diploma in Accounting, Level 6. 
    		•

    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. Vaal 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.