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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: 

Postgraduate Diploma in Accountancy 
SAQA QUAL ID QUALIFICATION TITLE
98917  Postgraduate Diploma in Accountancy 
ORIGINATOR
University of Limpopo 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  HEQSF - Higher Education 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  128  Not Applicable  NQF Level 08  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 
Purpose:
The purpose of this qualification is to provide learners with advanced knowledge and skills in Accounting. A qualified learner will be able to:
  • Identify, classify, record, recognise, measure and present both financial and non-financial information to external users in a manner that ensures compliance with International Financial Reporting Standards (IFRS).
  • Enhance the reliability of information and the validation, testing and provision of assurance services, including statutory and regulatory audit/assurance requirements, documentation and the evaluation of controls.
  • Illustrate how relevant information is developed for decision-making in the changing environment, as well as to demonstrate how information is analysed and reported to facilitate decision making.
  • Interpret and apply the laws and procedures relating to taxes levied in terms of the Income Tax Act and Value Added Tax Act.

    Rationale:
    The Postgraduate Diploma in Accountancy is designed to provide learners with knowledge and skills in accounting. This qualification provides training accredited by the South African Institute of Chartered Accountants (SAICA). It aims to provide technical accountancy and pervasive competencies to learners as prescribed by the SAICA competency framework and examinable pronouncement and increase the number of candidates in the pipeline of prospective Chartered Accountants. The aim of this qualification is to provide learners with critical financial skills for the public and private sector. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Recognition of Prior Learning (RPL):
    Applicants who fall outside of the normal admissions process and who can demonstrate to the satisfaction of the institution that they have a qualification or experiential or work-based learning which will enable them to be successful with this qualification may be considered for admission through the recognition of prior applicants who after such assessment, are deemed to have sufficient potential but are in need of further academic development, may be require to broaden their curriculum to include preliminary programmes prior to admission or parallel programmes after admission.

    RPL may also be used to grant Credits towards the qualification to those students who have completed relevant formal and/or informal learning.

    Entry Requirements:
    The minimum entry requirement to this qualification is a three (3) year Bachelors' Degree or equivalent with a financial management focus. 

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    This qualification comprises four compulsory modules at NQF Level 8 totalling 128 Credits.

    Modules:
  • Advanced Management Accounting and Finance Practice, 32 Credits.
  • Advance Taxation Practice, 32 Credits.
  • Advanced Auditing Practice, 32 Credits.
  • Advanced Financial Accounting Practice, 32 Credits. 
    		•

    EXIT LEVEL OUTCOMES 
    1. Identify, classify, record, recognise, measure and present both financial and non-financial information to external users in a manner that ensures compliance with International Financial Reporting Standards (IFRS).
    2. Enhance the reliability of information and the validation, testing and provision of assurance services, including statutory and regulatory audit/assurance requirements, documentation and the evaluation of controls.
    3. Illustrate how relevant information is developed for decision-making in the changing environment, as well as to demonstrate how information is analysed and reported to facilitate decision making.
    4. Interpret and apply the laws and procedures relating to taxes levied in terms of the Income Tax Act and Value Added Tax Act. 

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:
  • Appropriate international financial reporting standards and statutory requirements in the presentation of financial information are identified and applied.
  • The principles and theory of financial accounting, which are the bases for transforming financial data into financial information, are understood.
  • Financial reviews, interpretation and evaluation are performed to guide decision making and critical evaluation of existing reporting practises is carried out and improvements are recommended.

    Associated Assessment Criteria for Exit Level Outcome 2:
  • Auditing standards in planning are applied, and different audits are executed.
  • Audits are carried out in a computerised environment using relevant auditing standards and Computer Applications Technology (CATs).
  • Audit reports reflecting audit findings and recommendations are prepared to improve financial management and reporting.
  • Response strategies are formulated to audit risks identified and assessed within an audit.
  • Appropriate procedures to plan, execute and conclude an audit in a group context are designed.
  • Audit concluding procedures are designed and implemented as required by the law and auditing standards.
  • Relevant linkages between auditing and financial reporting standards are identified.

    Associated Assessment Criteria for Exit Level Outcome 3:
  • Investment decisions, incorporating strategic and operational risks are evaluated.
  • Recommendations assessing various financing options are prepared.
  • Risks are evaluated and managed.
  • The link between corporate finance and financial reporting is demonstrated.
  • Management accounting principles and tools are used to constructively drive and support process improvement in order to reduce cost, reduce time, improve quality, and support innovation are explained.
  • Relevant management accounting information is identified, evaluated and utilised to guide operational, investment, and pricing decisions.
  • The impact of management control systems on organisational behaviour is recognised and knowledge in designing performance measurement systems and incentive packages that result in the achievement of organisational goals is applied.

    Associated Assessment Criteria for Exit Level Outcome 4:
  • The taxpayer's tax profile and documents tax implication issues are reviewed.
  • Tax calculations are presented to support advice on tax matters in accordance with legal requirements.
  • Effective tax administration is practised and further knowledge and understanding of the South Africa tax system is applied for the resolution of business problems.
  • The impact of relevant taxes on different strategic decisions, including the interaction of taxes is identified and evaluated.
  • Recommendations advising clients on minimising and/or deferring tax liabilities are made by the use of standard tax planning measure.

    Integrated Assessment:
    The different modes of delivery of the programme have appropriate policies and procedures for internal assessment; internal and external moderation; monitoring of student progress; explicitness, validity and reliability of assessment practices; recording of assessment results; settling of disputes; the rigour and security of the assessment system; Recognition of Prior Learning (RPL) and for the development of staff competence in assessment.

    Formative Assessment:
    Formative assessments are conducted over the qualification of the year in the form of two day full day tests for all four modules similar to the South African Institute of Chartered Accountants (SAICA) Information and Communication Technologies (ICT's) examination. The learner should be equally prepared to write any of the four modules at a given time. Learners will write in during a three hour morning and afternoon sessions. There will be four formative assessments each with weightings of 15% for March, April, June and August. The final formative assessment will be written in September with weight of 40% formative assessment mark written over three full days the first two days will follow a similar structure as April to August assessment whilst the third day will be devoted to an integrated paper. Continuous assessment also takes place via self-assessment tutorial questions and concept tests administered during tutorials. All formative assessment will carry a final weight of 50%.

    Summative Assessment:
    Summative assessment will be conducted during normal examination period but managed by the school as conditions will be a reminiscent of the South African Institute of Chartered Accountants (SAICA) Information and Communication Technologies (ICT's) examination in October. The Summative examination will be written within a three day period with the same structure of the September formative assessment. There will be no assessment time table. Learners will be equally prepared to write any of the four papers in either the morning or afternoon sessions over two days with an integrated paper on the third day of assessment. The summative assessment will carry a weight of 50% of the final mark. The formative assessment shall count 50% of total performance; however learners will qualify to sit for the summative assessment if they obtain a minimum of 40% in the formative basement of the relevant module. A summative assessment shall be written at the end of each module and will count 50% of the total mark. The pass mark for each module shall be 50% on condition that the candidate scores a minimum of 40% in the summative assessment as per University of Limpopo general rules.

    Assessment is integrated with most modules and learners complete a series of assignments as they progress to build a portfolio. Assignments and tasks are marked and feedback given to learners. The feedback will direct and support their learning, achievement of outcomes, and prepare them for examinations. Tasks included in portfolios may include, projects, case studies, essays, simulations, experiments, assignments, online activities interactions, and presentations. Portfolios are assessed to determine a module year/semester mark. 
    		•

    INTERNATIONAL COMPARABILITY 
    This qualification has been compared with a number of similar qualifications offered internationally for accounting technicians and to business financial managers by professional bodies and higher education institutions. These qualifications are:

    Chartered Institute of Management Accountants Diploma :
    The Chartered Institute of Management Accountants (CIMA) is a global institute responsible for professionalisation of accounting practice and the CIMA curriculum includes the following, Financial Reporting and Taxation, Advanced Management Accounting, Organisational Management, Advanced Financial Reporting, Financial Strategy, Strategic Management, and Risk Management.

    The Association of Certified Accountants ACCA:
    ACCA is a professional body recognised internationally. Its professional qualification is recognised for audit purposes under the United Kingdom (UK) Companies Act and the European Union's Mutual Recognition Directive. ACCA is a member of the Consultative Committee of Accountancy Bodies in the UK, which consists of the six major UK professional accountancy bodies as well as being a member of the International Federation of Accountants.

    ACCA is also recognised in legislation in countries in the African continent including Botswana, Ghana, Kenya, Malawi, Uganda, Zambia and Zimbabwe. Internationally, ACCA operates Joint Examination Schemes for the Accounting Technician qualification with the Institute of Chartered Accountants of Jamaica (ICAJ), the Certified Accounting Technicians (Singapore) Ltd and the Institute of Chartered Accountants of Trinidad and Tobago (ICATT).

    This Postgraduate Diploma in Accountancy compares well with the Accounting Technician qualification offered by ACCA in terms of content which is mended to comply with local legislation and regulations and practical workplace learning required.

    The Chinese University Of Hong Kong (Business Faculty) offers a Postgraduate Diploma in Professional Accountancy for non-accounting graduates and executives with a foundation in accounting theory and practices, and prepares them to become professional accountants.

    Modules include:
  • Cost and Management Accounting.
  • Business and Company Law.
  • Financial Accounting and External Reporting.
  • Financial Management for Professional Accountants.
  • Auditing and Professional Practice.
  • Taxation and Tax Planning.

    Massey University, New Zealand offers a Postgraduate Diploma in Accountancy. The qualification comprises any four modules of 30 Credits each, which may be selected from a given list of ten, viz.:
  • Contemporary Issues in Financial Accounting.
  • Advanced Accounting Theory.
  • Social and Environmental Accounting.
  • Research Methods in Accounting.
  • International Accounting.
  • Contemporary Issues in Management Accounting.
  • Contemporary Issues in Auditing.
  • Contemporary Issues in Taxation.
  • Contemporary Issues in Taxation Policy.
  • International Issues in Taxation.

    Conclusion:
    This qualification is in line with the learning content and purpose of the international qualifications given above. The learning content of the Postgraduate Diploma in Accountancy is necessarily geared towards South African legislative requirements. 
    		•

    ARTICULATION OPTIONS 
    This qualification offers horizontal articulation opportunities with the following qualification offered at the University of Limpopo:
  • Bachelor of Accountancy, Level 8, (ID 97031).

    The qualification offers systemic horizontal and vertical articulation into qualifications offered by other higher education institutions, provided the student meets the minimum entry requirements, such as:

    Horizontal Articulation:
  • Bachelor of Accounting Honours, at NQF Level 8.
  • Bachelor of Commerce Honours in Accounting, at NQF Level 8.
  • Bachelor of Commerce Honours in Management Accounting, at NQF Level 8.

    Vertical Articulation:
  • Master of Business Science in Accounting in Research, at NQF Level 9.
  • Master of Commerce in Accounting, at NQF Level 9. 
    		•

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

    NOTES 
    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.
     
    1. University of Limpopo 


    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.