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|SOUTH AFRICAN QUALIFICATIONS AUTHORITY
|REGISTERED QUALIFICATION THAT HAS PASSED THE END DATE:
|National Certificate: Accounting
|SAQA QUAL ID
|National Certificate: Accounting
|PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
|QCTO - Quality Council for Trades and Occupations
|OQSF - Occupational Qualifications Sub-framework
|Field 03 - Business, Commerce and Management Studies
|Finance, Economics and Accounting
|PRE-2009 NQF LEVEL
|Level TBA: Pre-2009 was L4
|SAQA DECISION NUMBER
|REGISTRATION START DATE
|REGISTRATION END DATE
Passed the End Date -
Status was "Reregistered"
|LAST DATE FOR ENROLMENT
|LAST DATE FOR ACHIEVEMENT
|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
|To provide learners with an understanding of financial accounting, communication and business principles with which to aid them in making financial or business management decisions.
|LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING
|NQF level 4 - with proficiency in English and numeracy.
Recognise Prior Learning:
This qualification may be achieved in whole or in part through the recognition of prior learning.
|RECOGNISE PREVIOUS LEARNING?
|This qualification may be achieved in whole or in part through the recognition of prior learning.
|EXIT LEVEL OUTCOMES
|Critical Cross-field Outcomes:
1. Understand and apply the accounting equation.
2. Understand and apply the double entry concept.
3. Identify and post entries to the correct books of 1st entry.
4. Extract a trial balance.
5. Complete the bank reconciliation.
6. Post entries to the debtors/creditors control accounts and the extract the summaries to be posted to the year end financial statements.
7. Understand the management of assets and investments.
8. Analyse and interpret financial statements.
9. Understand corporate financial statements.
10. Understand and apply consumer demand and supply.
11. Understand and apply the concepts of market demand, costs & production, supply, market forms, perfect competition and monopoly.
12. Understand the definition imperfectly competitive markets.
13. Describe the purpose of factor pricing and income distribution.
14. National income determination is understood and applied, macro economic policy is understood and applied and general economic policies are identified, understood and applied.
15. Understand the purpose of the various forms of written communication and compile an example of each type.
16. Communicate effectively - orally, graphically and in writing to various cultural groups.
17.1 Understand the principles and history of law in SA.
17.2 Understand and identify the sources of law and the interpretation of the administration of law.
18.1 Understand and apply the law of sale and lease.
18.2 Assess the validity of a contract, draw up a basic contract and use negotiable instruments correctly.
19. Use an agent/agency correctly to carry out credit agreements according to the proper legal requirements.
20. Understand and apply the law of trusts, instruments of payment and the law of administration of estates.
21. Understand and apply the basic principles of business management with respect to an organisation.
|ASSOCIATED ASSESSMENT CRITERIA
|Assessment Criteria for Critical Cross-field Outcomes:
Associated Assessment Criteria for Specific Outcomes:
1. The accounting equation is understood and correctly applied.
2. The system of double entry is correctly stated.
3. Entries are correctly posted to the appropriate journals.
4. The balances from the books of 1st entry are correctly posted to the trial balance and it balances.
5. Bank reconciliation is correctly completed.
6. Year end financial statements correctly reflect the correct closing balances from the debtors and creditors control accounts.
7. The management of assets and investments is understood and correctly stated.
8. From the example supplied, the correct key ratios are extracted and their relationship in the understanding of an organisations financial performance are correctly explained.
9.1 Financial reporting for companies and Close Corporations are stated and correctly understood.
9.2 Cash flow statements in companies and Close Corporations are understood, analysed and correctly stated.
9.3 Advanced manufacturing accounts are understood and analysed.
10. The consumer demand and supply concept is understood and correctly applied.
11. Specific questions relating to each concept are identified according to each category and the appropriate definitions correctly tabulated.
12. Imperfect competitive markets are correctly defined and identified.
13. The purpose of factor pricing and income distribution are correctly described.
14.1 Consumption and investment is accurately determined and understood.
14.2 The interaction between the multiplier and accelerator is demonstrated correctly.
14.3 Fiscal policy, banking and international trade principles are correctly stated and understood.
14.4 Economic growth, the role of the public sector and the measurement of economic activity is demonstrated correctly and understood.
14.5 Management and small open economics are clearly stated and understood.
15. Each form of written communication is correctly stated and an example of each type is given.
16. Oral communication is properly prepared and presented; graphic communication methods are appropriately identified and applied with specific reference to listed cultural groups.
17.1 The history and principles of law in SA are correctly stated.
17.2 The interpretation, sources and administration of SA law is correctly identified and understood.
18.1 The law of sale and lease are clearly understood and correctly applied.
18.2 A valid basic contract is drawn using negotiable instruments correctly.
19. A credit agreement using an agency/agent is correctly drafted using the proper legal requirements.
20.1 Negotiable instruments, signatories, bills of exchange, estate duty and state planning are correctly identified, understood and applied.
20.2 The creation of the laws of trust, the role of the trustee and the administration of a trust is understood and applied.
20.3 The principles of beneficiaries, revocation, variation and termination are understood, demonstrated and applied.
20.4 The role of the master and executor, the rights duties and powers of an executor and the removal or discharge of an executor are understood and applied.
21.1 Goals, organisational planning, strategic planning and managerial decision making is demonstrated and understood.
21.2 The organisational process, structures and organisational change is understood and applied.
21.3 The principles of leadership and motivation are understood and applied.
|This diploma is credit rated as an equivalent level one qualification in the UK system.
|A system of second examiners within Damelin Education Group will be used, as well as third examiners from Oxford Brookes University and the Independent Examining Authority of the United Kingdom.
|CRITERIA FOR THE REGISTRATION OF ASSESSORS
|Our own staff will be used as assessors in the manner accommodated within the quality management of our institution.
|As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2006; 2009; 2012; 2015.
|Although the qualification TYPE, as requested by the provider, is retained in the interim, it does not qualfy for higher education level 5 Diploma level as indicated by the provider in its submission for registration. This qualification only offers 120 credits following NQF level 4, whereas a higher education diploma requires a minimum of 240 credits.
|LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION:
|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.