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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: 

Diploma in Accounting 
SAQA QUAL ID QUALIFICATION TITLE
97079  Diploma in Accounting 
ORIGINATOR
Nelson Mandela University 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  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
Registered-data under construction  EXCO 0324/24  2024-07-01  2027-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2028-06-30   2033-06-30  

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 
Purpose:
To apply, evaluate, conclude and report on all the fields of accounting order to comply with the powers, duties and/or requirements of the law at the Registered General Accountant level. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Recognition of Prior Learning:
The qualification shall also be awarded through a combination of technikon learning and the recognition of relevant experience.

Entry Requirements:
  • Diploma: Accounting; Level 5 or equivalent.
  • Level 5 language proficiency in English. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    The qualification shall be awarded to a learner who has completed the required credits either through formal education at the Technikon, or through a combination of Technikon learning and the recognition of relevant experience and/or other learning at appropriate levels which comply with the capabilities defined for this qualification. 

    EXIT LEVEL OUTCOMES 
    1. Examine the implications of the provisions of the Income Tax Act on companies, individuals and partnerships.
    2. Apply advanced Financial Accounting principles to companies and other business entities.
    3. Understand and apply relevant rules and procedures of corporate law.

    Specified Level 1:
  • Examine the practical implications of the Income Tax Act on companies.
  • Examine the practical implications of the Income Tax Act on individual and partnerships.
  • Examine the practical implications of the Income Tax Act on taxpayers.

    Specified Level 2:
  • Prepare, analyse and interpret financial statements for groups of companies and other business entities.

    Specified Level 3:
  • Examine the applications of the general principles of law and procedure of meetings.
  • Examine the application of close corporation law.
  • Examine the application of general procedures of company.

    Critical Level:
  • Communicate effectively by means of oral, written and mathematical persuasions.
  • Work effectively with others in a team.
  • Identifying and solving of basic problems.
  • Demonstrating and understanding of the dynamics between the micro-and intermediate environments as a set of related systems by recognising that basic problem solving does not exist in isolation.
  • Collecting, analysing, organising and critical evaluation of information.
  • Using science and technology effectively.
  • Contribute to the personal development of the learner and the social and economic development of society. 
    		•

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:
    The following knowledge and skills relating to the application of the Income Tax Act on companies will be demonstrated:
  • Calculation of taxable income or assessed loss for normal taxation as well as for the undistributed profit tax liability.
  • Detail knowledge of special allowances, exemptions from tax and deductions.

    The following knowledge and skills relating to the application of the Income Tax Act on individuals and partnerships will be demonstrated:
  • Calculation of taxable income or assessed loss for normal calculation.
  • Detail knowledge of allowances, exemptions from tax, deductions and rebates.

    The following knowledge and skills relating to the application of the Income Tax Act on taxpayers will be demonstrated:
  • General sales tax.
  • Non-residence tax on dividends, royalties, interest, etc.
  • Using "tax formula" for lump sums received.
  • Provisions of the Act relating to tax avoidance and objection procedures.
  • Payment of tax, Pay-As-You-Earn (PAYE) and provisional tax.

    Associated Assessment Criteria for Exit Level Outcome 2:
    The learner will demonstrate knowledge and skills in the application of advanced financial accounting principles:
  • Advanced accounting principles.
  • Group statements.
  • Valuation of business and other securities.
  • Investment accounts.
  • Containers and coupons.
  • Liquidation, amalgamation and reconstructions.
  • Management information.
  • Lease accounts in the books of the lessee and lesser.
  • Instalment sales in the books of the buyer and seller.

    Associated Assessment Criteria for Exit Level Outcome 3:
    The learner will demonstrate the application of the following knowledge and skills:
  • General principles of law and the procedure of meetings such as the distinction between public and private meetings; the various types of company meetings including board and board committee meetings; the meetings of a close corporation; the rights and restrictions with regard to the holding of meetings; maintenance of order at meetings, essential of a valid meeting; the appointment, duties and powers of the chairman; procedural rules governing adjournment, postponement, agenda, notice, minutes and reports; rules of debates, motions, resolutions, points of order, amendments, voting, proxies, formal motions and resolutions in writing; the law of defamation relating to meetings.

    The learner will demonstrate the application of the following knowledge and skills:
  • Formation of a close corporation, name, membership, association agreement, conversion and deregistration.
  • Loans, payments to members and liability of members.
  • Internal and external relationships and report to members.
  • Responsibilities, duties and powers of the accounting officer.
  • Accounting and disclosure requirements.
  • Documents and records.
  • Changes to matters refereed to in a founding statement.
  • Use and changes of a corporation's name.
  • Legal proceedings.
  • Annual duty and other duties.

    The learner will demonstrate the application of the following knowledge and skills:
  • Duties, powers and responsibilities of the company secretary.
  • The formation of a secretary.
  • The main classes of share capital/sources and methods of raising capital, alteration of share capital.
  • Changes to memorandum and articles of association.
  • New share issue procedures, application and allotments.
  • Share registration and transfer procedures, renunciations, transmissions, rights 'offers' options, capitalization issues.
  • Payment of dividends and interest.
  • Borrowing powers, loans, securities for loans and debentures, powers of trustees, redemption's.
  • Directors, executive and non-executive, qualifications, appointment, tenure and vacation of office, retirement, legal position, duties, responsibilities, disclosure of interests, the secretarial work relative to directors.
  • Secretarial work relating to auditors and the audit.
  • Stock exchange.
  • Liquidation and winding up and judicial management.

    Integrated Assessment:
  • A range of formative and summative methods and techniques in the form of written tests, practical exercises and case studies, projects and written examinations.
  • Official registration for articles at the professional bodies. The professional bodies will control and manage the process as they have done in the past. This includes the assessment of prior formal, informal and non-formal learning that may contribute to the achievement of the qualification. 
    		•

    ARTICULATION OPTIONS 
    Progess to:
    A qualification at Level 7 in the field of Accountancy. 

    MODERATION OPTIONS 
    SERTEC:
    Advisory Committee:
  • SAICA (South African Institute of Chartered Accountants).
  • ICFA (Institute of Commercial and Financial Accountants).
  • SAIBA (South African Institute of Business Accountants). 
    		•

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    Experience:
  • Related working experience at a management level and/or relevant academic experience in Accountancy.

    Qualifications:
  • At least on level higher (e.g. B Tech). 
    		•

    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.
     
    1. Nelson Mandela University 


    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.