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|SOUTH AFRICAN QUALIFICATIONS AUTHORITY|
|National Certificate: Business Accounting|
|SAQA QUAL ID||QUALIFICATION TITLE|
|24418||National Certificate: Business Accounting|
|SGB HET Accountancy and Financial Management|
|PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY||NQF SUB-FRAMEWORK|
|FASSET - Financial and Accounting Services SETA||OQSF - Occupational Qualifications Sub-framework|
|National Certificate||Field 03 - Business, Commerce and Management Studies||Finance, Economics and Accounting|
|ABET BAND||MINIMUM CREDITS||PRE-2009 NQF LEVEL||NQF LEVEL||QUAL CLASS|
|Undefined||120||Level 5||Level TBA: Pre-2009 was L5||Regular-ELOAC|
|REGISTRATION STATUS||SAQA DECISION NUMBER||REGISTRATION START DATE||REGISTRATION END DATE|
|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|
The National Certificate in Business Accounting provides learners with a post school Qualification in Accounting. The National Certificate in Business Accounting gives learners access to the Accounting profession at the first level, as well as access to all sectors and organisations that require an Accounting function to be performed. It is a Qualification, which is suitable for people filling the following positions in the commercial world: Assistant Cost Accountant, Assistant Accountant, Assistant Management Accountant and Deputy Financial Manager. The Qualification is not restricted to learners occupying positions in the Accounting profession, but is applicable to people in other related financial positions such as Accounts Clerks and Bookkeepers.
Successful completion of this National Certificate enables learners to enrol for the Diploma in Management Accounting.
The Certificate serves to increase skills in the Accounting sector. Learners who have completed the National Certificate in Business Accounting will have the necessary financial skills to be self-employed in the Business Accounting field, contributing to job creation by possibly employing others in their small businesses and thereby ultimately contributing to the reduction of unemployment in South Africa.
Organisations in all economic sectors require competent, highly skilled and knowledgeable employees to perform Accounting and related functions to ensure the financial viability of the organisation and its compliance with related financial legislation. The National Certificate in Business Accounting will help provide a pool of well-qualified employees, who possess a Qualification that is internationally recognised and who will be able to perform the functions required of them . The Qualification is such that it provides practical experience for the learner through its learning content and its assessment procedures. Holders of this Qualification should require less initial on-the-job training on entering employment, as they would have mastered the competencies required whilst completing the Qualification. This will reduce the amount of non-productive time associated with new entrants to the Accounting profession.
|LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING|
|Learners accessing this Qualification are assumed to be competent in:
Recognition of prior learning
The Qualification may be achieved in part, through the recognition of prior learning.
|RECOGNISE PREVIOUS LEARNING?|
|EXIT LEVEL OUTCOMES|
1. Explain the conceptual and regulatory framework of Accounting.
2. Explain the nature of Accounting systems and understand the control of such systems.
3. Prepare accounts for a single entity.
4. Explain the basic concepts and processes used to determine product and service costs; including standard costing, absorption cost, marginal cost, opportunity cost, notional cost and relevant cost concepts.
5. Apply a range of costing and Accounting systems.
6. Apply C-V-P analysis and interpret the results.
7. Explain the role of budgets and standard costing within organisations.
8. Prepare and interpret budgets, standard costs and variance statements.
9. dentify how a market economy functions, including the role of government and explain the economic environment within which businesses operate.
10. Identify the economic factors, which influence the behaviour and performance of firms and industries, and prepare the economic analysis that informs and guides the advice given to business decision-makers.
11. Explain and demonstrate the use of basic Mathematics, including formulae and ratios;
12. Identify and apply techniques for summarising and analysing data
13. Explain and demonstrate the use of probability where risk and uncertainty exist.
14. Explain and apply financial Mathematical techniques.
15. Explain and demonstrate techniques used for forecasting.
16. Identify and explain the fundamental aspects of the organisation and operation of the legal system.
17. Identify and explain the essential elements of a business contract; what the law regards as adequate performance of the contract, and the remedies available to the innocent party in the event of a breach under the applicable legal system.
18. Identify and explain the main obligations placed upon employers to provide a safe system of work, the main rights of employees in respect of the employment contract, and the rules dealing with discrimination and dismissal.
19. Identify and explain the essential differences between the various forms of business organizations, with particular reference to companies.
20. Explain the ways in which companies are administered, financed and managed.
Critical cross field
1. Identify, systematically examine, critically evaluate and solve problems in which responses display that responsible decisions have been made, using critical and creative thinking.
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. Collect, analyse, organise and critically evaluate information.
5. Communicate effectively using visual, mathematical and language skills in the mode of written presentation.
6. Use science and technology effectively and critically, showing responsibility towards the environment and health of others.
7. Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation.
8. Self manage skills development from the range of experiences and learning opportunities available.
9. Transfer skills and continuous learning to organisational setting.
|ASSOCIATED ASSESSMENT CRITERIA|
|1. > Identify the various user groups which need Accounting information and the characteristics of such information necessary to meet their objectives.
2. > Explain the purpose of Accounting records and their role in the Accounting system.
3. > Prepare accounts using accruals and prepayments.
4. > Explain why organisations use costing systems.
5. > Compare and contrast job, batch, contract and process costing systems.
6. > Identify relevant costs and revenues.
7. > Explain why organisations prepare budgets.
8. > Prepare functional budgets, profit and loss account, balance sheet and a simple cash budget.
9. > Explain the principal issues related to economic welfare and its growth.
10. > Explain the economic factors which affect the structure, behaviour and performance of individual businesses and industries.
11. > Demonstrate the order of operations in formulae, including the use of brackets, negative numbers, powers and roots.
12. > Explain the difference between data and information.
13. > Calculate a simple probability.
14. > Calculate future values of an investment, using both simple and compound interest.
15. > Calculate the correlation coefficient between two variables and explain the value.
16. > Identify and explain the sources of law.
17. > Identify the essential elements of a business contract and situations where the law requires the contract to be in a particular form.
18. > Distinguish between employees and independent contractors, and explain the importance of this distinction.
19. > Explain the essential characteristics of the different types of business organisations.
20. > Explain the use and procedure of board meetings and general meetings of shareholders.
1. Solves problems by methodically examining the issues, researching and critically evaluating circumstances and/or situations.
2. > Integrates well within a team, group, organisation or community.
3. > Plans and carries out tasks/activities in a methodical and well ordered manner.
4. > Searches for appropriate and relevant data/information and assembles in a structured manner.
5. > Communicates in writing, an understanding of theoretical knowledge and concepts, appropriate to level, using a variety of methods.
6. > Applies appropriate scientific principles to analyse data and provide information to support decision making.
7. > Applies knowledge of alternative cultures, environment, systems and methods of working in other countries/continents to support problem solving.
8. > Uses learning opportunities to learn with and from others.
9. > Demonstrates the application of previously acquired knowledge, understanding and skills, to new activities, areas of work or contexts.
Assessment of competence will be done through a combination of formative and summative assessment tools, techniques and procedures, which do not discriminate against learners in an unjust or invalid way. Formative assessment will integrate theory with practice, with much of it being done in real or simulated work situations.
A final summative assessment combining theory and practical competencies will be done through learners writing a series of Examinations covering all learning areas.
|The Qualification is comparable in every respect with the CIMA Certificate in Business Accounting, which is offered in more than 130 countries worldwide. The Qualification will grant learners entrance into the Management Accounting profession as well as to the Accounting profession in general globally.|
|Horizontal/parallel articulation with other Qualifications include:
The Qualification articulates vertically with the following Qualifications:
The Qualification grants qualifying learners membership of professional institutions such as the Institute of Administration and Commerce.
Formative assessment will be conducted internally by the provider with moderation being done by the relevant ETQA.
|CRITERIA FOR THE REGISTRATION OF ASSESSORS|
|As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2012; 2015.|
|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.