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SAQA 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: 

Master of Commerce in Financial Management 
SAQA QUAL ID QUALIFICATION TITLE
73975  Master of Commerce in Financial Management 
ORIGINATOR
University of Johannesburg 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
Master's Degree  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  180  Level 8 and above  NQF Level 09  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
2028-06-30   2031-06-30  

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 
The primary purpose of this qualification is to provide qualifying learners with applied specialised competencies in the mastering interpretation, understanding, analysis and application of management accounting principles in the financial management field. A qualifying learner should show evidence of independent and original scientific work.

The learner should be able to take strategic decisions in the context of the financial sector, and to analyse and assess policy, and other decisions impacting this sector. The learner should also be able to reflect on managerial decisions and applications and to analyse and assess the effect thereof in the holistic context of management accounting, corporate governance, financial management and regulation. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Learners accessing this qualification should demonstrate their ability to read, analyse and reflect on study material and relevant literature on a honours level (NQF 7). Learners should be able to communicate effectively using Afrikaans/English in written and oral form. Learners must be able to manage their own study programme and time effectively. Learners must have acquired applied competence in the financial management field and be able to reflect on financial management decisions and applications.

Learner access will be provided to the learner who is in possession of university-based honours degree in Accounting or Financial Management on NQF level 7. The Dean of the Faculty of Economic and Management Sciences may refuse a learner admission to the Master's degree if of the opinion that the learner's academic background is insufficient.

Recognition of prior learning

Recognition of prior learning in case of learners not complying with the formal entry requirements will be conducted in accordance with the policy and guidelines of the University concerning the recognition of other forms of formal, informal and non-formal learning experience. Recognition takes place only where prior learning corresponds with the required NQF level, and in terms of applied competencies relevant to the content and outcomes of the qualification. Through recognition of prior learning learners may gain access, or advanced placement, or recognition of status, on condition that they continue their studies at this University. 

RECOGNISE PREVIOUS LEARNING? 
Y 

EXIT LEVEL OUTCOMES 
The learner should be able to:

1. Analyse, evaluate and apply financial management concepts and principles in highly specialised and unpredictable contexts; identifying and analysing complex issues and problems relating to generally Accepted Management Accounting Practice and policies, and proposing, implementing, monitoring and evaluating alternative courses of action and solutions;

2. Work in a team with, and adding value to, a variety of role players, including political role players, professional and administrative members of the financial management profession, as well as people on the grassroots level in the profession;

3. Act responsibility with respect to, and accept responsibility for, activities undertaken in the course of his/her specialised evaluation and application of Generally Accepted Management Accounting Practice and accounting concepts and principles.

4. Plan and undertake, through independent study and teamwork, research in the financial management field, including gathering, analysing, integrating and interpreting related and complex and highly advanced information;

5. Communicate effectively, orally and in writing, with different role players in the financial management profession, applying principles of communication and reflecting on the communication skills applied;

6. Optimally utilise the appropriate technology appropriate to the professional financial management environment;

7. Analyse the importance and role of the financial management profession, and the regulation thereof on a macro-and micro- level;

8. Explore and analyse different learning strategies to acquire and improve the various skills and capabilities required of a professional financial manager;

9. Make a contribution to the level of professionalism and expertise in, and effectiveness and efficiency of, the financial management profession; thus positively impacting on the economy and contributing to the redress of poverty and improvement of living standards in the country;

10. Demonstrate a positive approach to different communities and sensitivity for the social, economic and cultural differences and needs, particularly with respect to the financial management discipline within these communities;

11. Seek employment and entry into the financial management profession, effectively, as a highly specialised and advanced, technical or research, expert, and thus establish for himself/herself a specialised and advanced career in the financial management field;

12. Organise and co-ordinate, effectively and responsibly, resources and opportunities, including own activities, and taking into consideration the financial implications thereof. 

ASSOCIATED ASSESSMENT CRITERIA 
Can the learner:

1. Identify, analyse and solve complex issues and problems, demonstrating critical and creative thinking about management accounting concepts and principles, in highly specialised and unpredictable contexts? Evaluate and, where relevant, correctly apply complex and advanced concepts and approaches to Generally Accepted Management Accounting Practice and policies; thus proposing and implementing, monitoring and evaluate alternative courses of action and solutions? Reflect on the application made and assess the success, or otherwise, thereof?

2. Display team ship and show his/her ability to add specialised value to a team? Demonstrate an acceptable level of social sensitivity in his/her relationships with others and work effectively in a management team by implementing the relevant theory and reflecting on the implementation made? Display a thorough, specialised knowledge and understanding of the various role players involved in, or affected by, the financial management profession?

3. Act responsibly and honestly in interactions with other role players in the financial management field? Accept responsibilities for any activities required of him/her in his/her specialised evaluation and application of Generally Accepted Management Accounting Practice and principles, particularly in highly specialised and unpredictable contexts?

4. Plan and execute research in the field of Financial Management, including the correct gathering, analysing, integrating and interpretation of information on management accounting issues, by utilising relevant theoretical and highly specialised and advanced research principles and reflect on the research undertaken? Plan and undertake complex research through independent study and teamwork, both across the management accounting discipline and on an interdisciplinary basis?

5. Communicate effectively and professionally, in an academic and practical - oral and/or written manner (including the usage of visual/graphic aids) - with the different role players in the financial management fields by applying the theoretical principles of communication and reflecting on the application made.

6. Operate necessary appropriate technology, in particular specified computer hardware and software including internet and databases? Use a computer skilfully and optimally as well as management accounting related bases? Show that his/her command of the management technology is competent to support advanced research in complex and unpredictable contexts?

7. Analyse and explain the importance and role of the financial management profession, and the regulation thereof internationally, regionally, nationally, provincially and locally? Analyse and explain the roles of management accounting at these various macro- and micro-levels?

8. Identify, analyse and continue to develop the different and specialised skills and competencies necessary in the execution of the activities and responsibilities of a professional financial manager?

9. Analyse and explain the link between the number of financial management professionals and level of professionalism in the financial management field, and the effectiveness and the efficiency of financial management profession and therefore of the economy? Evaluate the role which a more effective and efficient financial management profession will have in the economy and the impact which this will in turn have on the living standards of the population of the country (e.g. the redress of poverty, improved mobility, and improvement of living standards)?

10. Demonstrate a positive and specialised approach towards various different communities and a sensitivity for the social, economic and cultural differences within these communities? Analyse the particular financial management disciplinary need of different communities, taking into consideration their various social, economic and cultural differences and therefore their differing needs and requirements with respect to the financial management sector? Apply Generally Accepted Management Accounting Practice, to make proposals, within complex and unpredictable contexts, that will improve the circumstances of these communities?

11. Demonstrate acceptable employment seeking skills for entry into the financial management profession by applying theoretical principles of employment seeking and career-pathing and reflect on the application thereof? Undertake academic leadership, advanced research, research-based, professional practice, and/or senior managerial occupations? Demonstrate that he/she has acquired specialised and advanced competencies in his/her chosen professional financial management career?

12. Plan, resource, organise, coordinate and optimise the resources, opportunities and progress engaged in, particularly in the filed of accounting, by applying relevant theoretical aspects and reflecting on the application made? Demonstrate an advanced level of responsibility and organisational ability with respect of his/her own activities? Demonstrate a detailed knowledge of the financial implications of all activities undertaken?

Formative assessment practices that will be implemented

Course work:
Learners are continuously assessed via practical group and class assignments, essays, presentations, informal class tests, and formal modular tests in a written mode. They also do independent research that leads to scientific assignments. In addition, learners will assess themselves as well as the work of each other and reflect on the dynamics of this process.

Dissertation:
The learner must attend compulsory discussions with his/her promoter according to a prescribed programme. If the learner is not making satisfactory progress and not meeting the requirements of the Department of Accounting, his/her registration shall be cancelled by the Dean of the Faculty of Economic and Management Sciences on recommendation by the Departmental Chairperson.

Summative assessment practices that will be implemented

Course work:
Integrated assessment, focusing on the achievement of the exit-level outcomes, will be done by means of submitting 8 research essays, which under normal circumstances, a maximum of 10 pages in one and a half spacing on a A4 page will suffice.
Each Master's student will have at least one internal promoter/examiner for each essay. There must be at least one external examiner who is regarded as a specialist in the study field.
A learner's knowledge and competence with regard to the supervised advanced compulsory modular study programme, is examined and evaluated by way of three written four hour examinations, one per module towards the end of the module.

Dissertation:
Integrated assessment, focusing on the achievement of the exit-level outcomes, will be done by means of the submission of a dissertation and an article ready for publication to the promoter. The dissertation must furnish proof that the learner is capable of scientific research and the application thereof. Under normal circumstances, 100 pages for a dissertation in one and a half spacing on an A4 will suffice. The Department may institute other requirements for dissertation. 

ARTICULATION OPTIONS 
1. Access to qualifications on a lower level:
Learners who wish to gain access to certificates, diplomas or degrees on NQF level 5 to 7 may be allowed, subject to approval by the Dean and panel of participating departments. Credit will be retained for modules passed previously.

2. Access to qualifications on the same level:
The learner who wishes to exit the RAU M. Com (Financial Management) on NQF level 8 in mid-stream, i.e. change to another similar degree at RAU or another higher education institution may do so, with the permission and motivation of his/her new promoter.
Alternatively, a learner who has registered for the same or another related degree at another recognised higher education institution, or a related degree at RAU can enter this qualification in mid-stream, with the permission and motivation of his/her promoter.

3. Access to qualifications on a higher level:
The learner who has successfully completed the M.Com (Financial Management) qualification on NQF level 8 will have the opportunity for further study, at RAU or another higher education institution through a doctoral study in Financial Management on NQF level 8. 

MODERATION OPTIONS 
Both internal and external examiners are appointed by the Dean of the Faculty of Economic and Management Sciences upon recommendation by the RAU Department of Accounting. The internal and external examiners must assess the essays of the learner, and submit a report regarding the essays, clearly indicating whether the essays are accepted unamended or after movements have been made, whether it is referred back for revisions and re-submission for examination, or whether it is rejected.

There must be at least one internal promoter/examiner for a master's degree learner and there must be at least one external examiner who is regarded as specialists in the chosen field of study. 

CRITERIA FOR THE REGISTRATION OF ASSESSORS 
Qualified assessors for assessing the learner undertaking this qualification, in terms of the foundational, practical and reflexive outcomes, will be appointed by the Faculty of Economic and Management Sciences of this institution, upon recommendation of the Department, and based on the following criteria:
Assessors for the learner undertaking this qualification should be qualified in the area of financial management and should be in possession of a relevant M. Com degree on NQF level 8.
Assessors for the learner undertaking this qualification should have job and/or learning experience in the areas of financial management.
Assessors for the learner undertaking this qualification should have experience in the field of education and training, particularly with respect to the subject of financial management and management accounting. Assessors should also be well informed of what is required of them in connection to the assessment of the learner. 

REREGISTRATION HISTORY 
As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2006; 2009; 2012. 

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. University of Johannesburg 


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.