BACHELOR OF COMMERCE (ACCOUNTING) – 4 Years NQF Level 7
The programme prepares students for the rapidly changing business environment by giving them a broad-based education. This includes a broad background of the free-enterprise system, developed through several disciplines of commerce, concentrating on accounting and management. Core modules include financial accounting, auditing, taxation, business finance, and cost and management accounting. Sufficient theory is covered to prepare students for postgraduate studies. The degree provides a foundation for further studies in accounting and finance. In addition, students are provided with the basic business skills required for initial job placement. The programme also makes provision for a 10-week work-based learning component in their third year which provides the student with exposure to practical business situations and gives them ‘hands-on’ experience. Furthermore, it equips the student with an opportunity to apply theoretical knowledge to real work situations.
DEPARTMENTAL MISSION STATEMENT
The mission of the Accounting Department is to produce professionally competent accounting graduates who are equipped with the appropriate academic knowledge, professional standards, and ethical values. The programme prepares students for the practice of accounting with the knowledge and skills needed to remain effective in a global world that is characterized by rapid change and technological advancement.
Upon successful completion of the BCom Accounting programme graduates can expect the following:
- Demonstrate the ability to process accounting transactions and produce, analyse and interpret financial statements within the context of international financial reporting standards.
- Possess the ability to calculate tax returns in compliance with relevant tax laws.
- Gain the knowledge required to identify and evaluate sources of finance for a business and recommend investment opportunities.
- Understand the role and process of audit in strengthening corporate governance and credibility of financial statements.
- Understand the procedure of costing and pricing products, services and operations through the use of cost accounting techniques.
- Understand good principles of management and the impact of organizational culture on a business.
- Inculcate the values of integrity, objectivity, confidentiality, professional competence, and courtesy.
- Demonstrate the ability to function responsibly within the working environment.
- The acquisition of subject knowledge at NQF Level 7 in the areas of Financial Accounting, International Financial Reporting Standards (IFRS), Cost and Management Accounting, Finance, Auditing, Commercial and Corporate law, Taxation, Organisational functioning, Information systems design and development, Economics, and Quantitative methods.
- Possessing cognitive skills particularly in report writing, computer literacy, and the ability to identify, find, evaluate, organize, and manage information and evidence; analyse, reason logically and conceptualise issues; solve problems and construct arguments; interpret data and report, engage in ethical reasoning; think and act critically; adapt and respond positively to challenges; receive, evaluate and react to new ideas; appreciate the ethical dimensions of situations and appreciate processes of professional adaptation and behaviour.
- The ability to be flexible in new/different situations, act strategically; think and act independently; tolerate ambiguity; think creatively; present, discuss and defend views; transfer and receive knowledge; negotiate with people from different backgrounds and different value systems; understand group dynamics.
- An ability to collaborate with colleagues, enhance the lifelong learning opportunities for responsible citizenship and personal satisfaction where accounting and business dimensions are critical ingredients.
- Empowered to develop a spirit of service and commitment with integrity in their profession, and enriched to contribute to society with good citizenship.
The BCom Accounting programme may articulate into the pursuit of further studies in accounting and finance. Depending on the admission requirements of institutions applied to, graduates who in due course wish to qualify as Chartered Accountants may have to complete an additional programme at post graduate level, that is, in some cases graduates may have to complete a Postgraduate Diploma in Accounting, while others may be required to complete certain additional pre-requisite modules. It is emphasized that admission to any post-graduate degree programme is the prerogative of the specific institution applied to.
With this qualification, a successful graduate may be employed as an accountant, finance officer, finance manager, internal auditor, tax advisor, treasurer, or general manager.
For more information about BCom Accounting, please see page 127 to 131 of our Prospectus.