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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 THAT HAS PASSED THE END DATE: |
Post-graduate Diploma: Professional Accountant in Practice |
SAQA QUAL ID | QUALIFICATION TITLE | |||
20391 | Post-graduate Diploma: Professional Accountant in Practice | |||
ORIGINATOR | ||||
South African Institute of Professional Accountants | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | NQF SUB-FRAMEWORK | |||
FASSET - Financial and Accounting Services SETA | OQSF - Occupational Qualifications Sub-framework | |||
QUALIFICATION TYPE | FIELD | SUBFIELD | ||
Postgraduate Diploma | Field 03 - Business, Commerce and Management Studies | Finance, Economics and Accounting | ||
ABET BAND | MINIMUM CREDITS | PRE-2009 NQF LEVEL | NQF LEVEL | QUAL CLASS |
Undefined | 240 | Level 7 | NQF Level 08 | Regular-Provider-ELOAC |
REGISTRATION STATUS | SAQA DECISION NUMBER | REGISTRATION START DATE | REGISTRATION END DATE | |
Passed the End Date - Status was "Reregistered" |
SAQA 9999/99 | 2018-07-01 | 2023-06-30 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2026-06-30 | 2029-06-30 |
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 does not replace any other qualification and is not replaced by any other qualification. |
PURPOSE AND RATIONALE OF THE QUALIFICATION |
Purpose:
Learners attaining this qualification will be in private practice. The learner will qualify as a professional accountant and accounting officer at NQF 7 and will gain membership of the South African Institute of Professional Accountants if they meet membership requirements. Rationale: The Institute has recognised the need for qualified accountants with a broad base of knowledge in the field of accountancy. Furthermore, once completed, learners will have the necessary financial skills to engage in self-employment of an entrepreneurial nature, thereby contributing to job creation and ultimately contributing to the reduction of unemployment in South Africa. This Qualification will provide the country with well-qualified citizens whose competence will be internationally recognised and who will be able to perform a variety of occupations within the economically active sectors of South Africa. Examples of positions, which successful learners may hold include: |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
Learners will be required to be in possession of Further Education and Training Certificate at an NQF Level 4 and meet with University entrance requirements. In addition, the following requirements need to be met at NQF Level 4:
Recognition of Prior Learning The Qualification recognises prior learning of workplace based experience. Learners who gained the prior learning at an Approved Training Centre (ATC's) will be assessed by a Committee based on the motivation letters submitted by employers on the width and depth of the work experience gained. Assessors may be appointed to assess Learners who did not attain the prior experience at an ATC. |
RECOGNISE PREVIOUS LEARNING? |
Y |
QUALIFICATION RULES |
The qualification is based on an accredited academic program(such as a B Com degree), with specified subject requirements, from an accredited tertiary institution as well as three years of supervised workplace based training at an Approved Training Centre(ATC). |
EXIT LEVEL OUTCOMES |
The qualifying learner:
1. Has acquired knowledge of, and demonstrates competence in all areas of Financial Accounting in accordance with International Accounting Standards as applicable to the engagement. 2. Demonstrates a thorough understanding of Internal and External Auditing processes as accordance with a recognised framework. 3. Has acquired knowledge of and demonstrates competence in all areas of taxation, including personal and business tax, in accordance with the relevant tax legislation and regulation. 4. Demonstrates a sound understanding of commercial law and an appreciation of the role of law within which an accountant operates. 5. Demonstrates knowledge of, and competence in all areas of Management Accounting. 6. Has acquired knowledge of, and demonstrates competence in all areas of Practice Management. Critical Cross-Field Outcomes Learners will be able to: 1. Collect, analyse and critically evaluate and solve problems in which responses to issues relating to more than one subject area. 2. Work effectively with others as a member of a team, group, organisation or community. 3. Organise and manage oneself and one's activities responsibly and effectively. 4. Communicate effectively using visual and written presentation media. 5. Use technology effectively in the performance of their daily task. 6. Utilise opportunities in the workplace in order to maximise experiences and learning opportunities available. 7. Transfer skills and continuous learning in a structure that is conducive to coaching and mentoring. |
ASSOCIATED ASSESSMENT CRITERIA |
1. In the field of Financial Accounting, the qualifying learner will be able to in accordance with International Accounting Standards or an appropriate framework:
2. In the field of Auditing, the qualifying learner will be able to: 3. In the field of Taxation the qualifying learner will be able to: 4. In the field of Commercial Law, the qualifying learner will be able to: 5. In the field of Management Accounting, the qualifying learner will be able to: 6. In the field of Practice Management, the qualifying learner will be able to: Integrated assessment Integrated assessment is performed on a continuous basis, using various assessment tools such as: |
INTERNATIONAL COMPARABILITY |
The Institute is a full member of the International Federation of Accountants (IFAC) as well as of the Eastern Central and Southern African Federation of Accountants.
The Institute has reciprocal agreements with Accounting Professional Bodies in Australia and Russia which lend international credibility to the qualification. |
ARTICULATION OPTIONS |
Articulation possibilities include the fact that learners who are studying towards a degree (BCom) and have completed registered outcomes in Financial Accounting 3, Taxation, Commercial law, Management Accounting and Auditing will be able to enter this qualification.
Learners who complete the qualification will be offered the opportunity to become Accounting Technicians of the Institute. Learners who are successful in the professional assessment of the Institute will be able to become full members of the Institute which allows them to use the Institutes professional designation. All members of the Institute are required to participate in Continuing Professional Development, which is a requirement of all IFAC member bodies. |
MODERATION OPTIONS |
All Approved Training Centres (ATC's) are visited on a 3 year rotational basis for the purpose of conducting a monitoring visit. At this visit the quality of training as well as the portfolios of evidence of Learners is moderated.
Moderation may include both internal and external moderation of assessments at exit points of the qualification, unless ETQA policies specify otherwise. |
CRITERIA FOR THE REGISTRATION OF ASSESSORS |
All Assessors must meet the following requirements before they may be registered as assessors for this qualification:
|
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2006; 2009; 2012; 2015. |
NOTES |
As per the SAQA decision to re-register all provider-based qualifications on the National Qualifications Framework that meet the criteria for re-registration, this qualification has been re-registered from 1 July 2018. 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. |
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. |