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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: |
| Diploma in Management Accounting |
| SAQA QUAL ID | QUALIFICATION TITLE | |||
| 111845 | Diploma in Management Accounting | |||
| ORIGINATOR | ||||
| Durban University of Technology | ||||
| PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | NQF SUB-FRAMEWORK | |||
| - | 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 | |
| Reregistered | EXCO 0821/24 | 2019-09-18 | 2027-06-30 | |
| LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
| 2028-06-30 | 2033-06-30 | |||
| 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 replaces: |
| Qual ID | Qualification Title | Pre-2009 NQF Level | NQF Level | Min Credits | Replacement Status |
| 72220 | National Diploma: Cost and Management Accounting | Level 6 | Level N/A: Pre-2009 was L6 | 360 | Complete |
| PURPOSE AND RATIONALE OF THE QUALIFICATION |
| Purpose:
The purpose of this qualification is for the learner to analyse and manage Management Accounting and Financial Accounting information in order to provide independent accounting services, to supervise an accounting department, to manage and control inventory and to act as an Accounting Officer in commerce and industry. The qualification has been developed to enrich learners with an extensive knowledge in the fields of accounting with a specialisation in Management Accounting. There is a focus on the soft skills to provide learners with a competitive advantage. Existing themes on costing, cost management and risk management will be strengthened. Another significant addition is the inclusion of general education modules that provides skills necessary for the workplace. The delivery and assessment of the qualification are in line with the developments in the use of technology in education and industry. Rationale: High unemployment rates in South Africa is of great concern. The Occupations in High Demand (OIHD) list has consistently identified Cost and Management Accounting careers as being in high demand in business and industry. The qualification aims at equipping learners with the necessary skills and knowledge base to create employment as well as specialise in a field of choice. This qualification is the starting point for the development of a career in Management Accounting. Typical jobs in the field of management accounting are Management Accountant, Cost and Management Accountant, Accountant, Cost Accountant, Financial Manager, Manager, Budget Analyst, Financial Analyst and Chief Financial Officer. The qualification also provides a focus on entrepreneurial development, and allows learners to contribute to filling employment needs of South Africa through entrepreneurial initiatives. Qualifying learners with two years' experience in a manufacturing environment may be employed as a junior costing clerk. The qualification is consistent with similar offerings at other Universities of Technology within the country. The qualification has been curriculated in a manner that reflects the latest work place needs of industry. Industry experts, academic practitioners both internal and external as well and members of the departments advisory boards contributed towards the content and objectives of the qualification. This qualification replaces the existing non HEQSF aligned National Diploma in Cost and Management Accounting. The qualification incorporates the latest developments researched by the Certified Institute of Management Accountants (CIMA). |
| LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
| Recognition of Prior Learning (RPL):
Recognition of Prior Learning as detailed in the University policy document. Entry Requirements: The minimum entry requirement for this qualification is: Or Or |
| RECOGNISE PREVIOUS LEARNING? |
| Y |
| QUALIFICATION RULES |
| This qualification consists of compulsory modules at National Qualifications Framework Levels 5, 6, and 7 totalling 384 Credits.
Compulsory Modules: Level 5, 152 Credits: Compulsory Modules: Level 6, 148 Credits: Compulsory Modules: Level 7, 84 Credits: |
| EXIT LEVEL OUTCOMES |
| 1. Prepare and interpret financial statements of companies and groups of companies in accordance with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) including the valuation of interests represented by these statements.
2. Determine and apply various techniques whereby timeous and accurate information can be made available for decision making and control. 3. Determine the tax liability of individuals, assist with the tax liability of other legal entities and prepare submissions to South African Revenue Service (SARS). 4. Demonstrate and understanding of the economic environment within which the South African Commercial organisations apply their trade and Develop an Administration system together with the business plan for a small retail business. 5. Demonstrate an understanding an application of the various costing techniques used in business environment. 6. Demonstrate the application of the following knowledge and skills of General principles of law and Corporate procedures. 7. Record the accounting implications of changes within a company structure and investments. 8. Demonstrate an understanding of professional standards and ethics within the accounting environment. 9. Demonstrate the ability to work effectively in a team, group, community and accurately identify and address his/her task-specific learning needs, awareness of professional bodies and industry. |
| 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: Associated Assessment Criteria for Exit Level Outcome 6: Associated Assessment Criteria for Exit Level Outcome 7: Associated Assessment Criteria for Exit Level Outcome 8: Associated Assessment Criteria for Exit Level Outcome 9: Integrated Assessment: Assessors will assess and give credit for the evidence of learning that has already been acquired. This is to ensure that the purpose of the qualification is achieved. Assessment practices will be open, transparent, fair, valid, and reliable and ensure that no learner will be disadvantaged in any way whatsoever, so that an integrated approach to assessment is incorporated into the qualification. Learning, teaching and assessment are inextricably interwoven. Whenever possible, the assessment of knowledge, skills, attitudes and values shown in the qualification will be integrated. Assessment of fundamental should be integrated as far as possible with other aspects and will use practical contexts wherever possible. A variety of methods will be used in assessment and tools and activities will be appropriate to the context in which the learner is working or will work. Where it is not possible to assess the learner in the workplace or on-the-job, simulations, case studies, role-plays and other similar techniques will be used to provide a context appropriate to the assessment. The term `Integrated Assessment` implies that theoretical and practical components will be assessed together. During integrated assessments, the assessor will make use of a range of formative and summative assessment tools methods and assess combinations of practical, applied, foundational and reflective competencies. A range of formative and summative methods and techniques in the form of written tests, practical exercises, and case studies, projects and written examinations will be used. |
| INTERNATIONAL COMPARABILITY |
| This qualification is comparable in terms of the outcome, notional hours and level of difficulty with the following international qualifications.
Country: Australia: Institution: Pacific College of Technology, Sydney. Qualification Title: Diploma in Accounting. The qualification is intended for learners who are working or wish to work in the professional accounting job roles in financial services and other industries. The qualification aims to provide learners with the knowledge, skills and attitude in accounting accompanied by a broad range of relevant generic business and financial skills. Country: United Kingdom. Institution: University of London. Qualification Title: Diploma in Accounting. This qualification is suitable for learners who wish to secure a stand-alone qualification in accounting. It aims to provide a thorough grounding in the principles of accounting. The following modules are included: principles of accounting, financial management, corporate finance, financial reporting, auditing and assurance and management accounting. In conclusion, there are similarities between the qualifications with regard to the learning content. This implies that this qualification is internationally comparable. The difference is that this qualification will consist of a 30 % General Education component and the in-depth application of Accounting using IT resources. This qualification compares very well with the international qualifications. There is a common correlation between the modules been offered, such as Management Accounting, Financial Accounting and Quantitative Techniques. |
| ARTICULATION OPTIONS |
| This qualification allows for both horizontal and vertical articulation possibilities.
Horizontal Articulation: Vertical Articulation: |
| 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. |
| NONE |
| 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. |