Courses and Requirements – Management
FACULTY OF MANAGEMENT SCIENCES
DEPARTMENT OF ACCOUNTANCY
COURSES OFFERED:
- Cost and Management Accounting (Diploma, Advanced Diploma, Postgraduate Diploma, Masters of Management in Management Accounting, PhD: Business Administration)
- Financial Information Systems (Diploma ONLY)
- Internal Auditing (Diploma, Advanced Diploma & Postgraduate Diploma ONLY)
Diploma Courses (Cost and Management Accounting, Financial Information Systems & Internal Auditing)
Entry Requirements:
- National Senior Certificate/ National Certificate Vocational
Subjects | Financial Info. Systems | Cost & Man. Accounting | Internal Auditing | Age exemption:
Applicants of mature age (23 with grade 12 or 45 with incomplete schooling) who do not meet the entry requirements must submit a certificate of completion or conditional exemption from the DoHET. |
NSC Endorsement | Eligibility for Diploma | |||
Compulsory Subjects | Level | |||
English
Accounting Mathematics OR Mathematics Literacy |
4
4 3 or 5 |
4
4 3 or 5 |
4
4 3 or 6 |
|
Remaining 3 Subjects (min. 3 per subject) | 11 | 11 | 11 |
- NCV (4)
Not accepted as it does not include Accounting.
- Senior Certificate
A minimum rating of E (40-49%) for HG and D (50-59%) for SG subjects. English and Accounting are compulsory. Accounting must have a minimum rating of C on SG and D on HG. A total of 25 on the Swedish scale is required for the Diplomas in Cost and Management Accounting and Internal Auditing and 26 for the Diploma in Financial Information Systems.
- N3-N6
A completed N6 in an Accounting related field. Exemption may be awarded for some equivalent diploma subjects. The course must include Financial Accounting. Applied Accounting is not accepted.
- NASCA
Not accepted as it does not include Accounting.
- International qualifications
All international qualifications will be evaluated by the International Office based on the Swedish scale.
- Transfers
Applications from students to transfer from other institutions will be dealt with in terms of the Recognition of Prior Learning and Continuation of Studies policies of VUT.
Diploma: Cost and Management Accounting (CMA) NQF 6
Six semesters / three years full-time of class attendance at the University.
What are the Functions of a Cost and Management Accountant Graduate?
Management accounting is concerned with the provisions and use of accounting information to managers within organisations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions. A management accountant needs to set up cash flow forecasts and budgets, do standard costing and analyse variances, evaluate and use various costing systems, do break-even-analysis and investment appraisals.
Career Opportunities
A career in Cost & Management Accounting offers challenging and exciting opportunities in both the private and public sectors. There is a continuous demand for trained Management Accountants.
Entry level : Costing /Accounting Clerk
Middle level : Cost Analyst / Assistant Accountant
Top level : Accountant /Chartered Management Accountant /
Financial Manager
Research opportunities available at both industry and research institutions.
Curriculum
Semester 1 | Semester 2 |
· Financial Accounting 1
· Commercial Law for Accountants 1 (Module 1) · Economics (Module 1) · Applied Communication 1 (Module 1) · ICT Skills 1 |
· Cost and Management Accounting 1
· Commercial Law for Accountants 1 (Module 2) · Economics (Module 2) · Applied Communication Skills 1 (Module 2) · Auditing 1 |
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Semester 3 | Semester 4 |
· Financial Accounting 2 (Module 1)
· Cost & Management Accounting 2 (Module 1) · Auditing 2 (Module 1) · Commercial Law for Accountants 2 (Module 1) · Taxation 1 · Applied Communication Skills 2 (Module 1) · Accounting Technology 1 |
· Financial Accounting 2 (Module 2)
· Cost & Management Accounting 2 (Module 2) · Auditing 2 (Module 2) · Commercial Law for Accountants 2 (Module 2) · Applied Communication Skills 2 (Module 2) |
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Semester 5 | Semester 6 |
· Financial Accounting 3 (Module 1)
· Cost & Management Accounting 3 (Module 1) · Taxation 2 (Module 1) · Statistics 1 (Module 1) · Business Ethics |
· Financial Accounting 3 (Module 2)
· Cost & Management Accounting 3 (Module 2) · Taxation 2 (Module 2) · Statistics 1 (Module 2) · Entrepreneurial Skills 1 · Accounting Technology 2 (WIL) |
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Assessment
Assessment takes the form of tests, assignments, practical, tutorials and final examinations.
Advanced Diploma: CMA (NQF 7)
Entry Requirements:
A completed 360 credits NQF level 6 relevant qualification (Diploma in Cost & Management Accounting/Financial Information Systems), with an average of 60% on all the core (major) third year subjects/modules. Duration: This is a one-year full-time course. No part time classes offered.
Curriculum for Advanced Diploma: CMA
Semester 1 | Semester 2 |
· Advanced Cost & Management Accounting (Module 1)
· Advanced Financial Accounting (Module 1) · Systems & Project Management (Module 1) · Financial Management |
· Advanced Cost & Management Accounting (Module 2)
· Advanced Financial Accounting (Module 2) · Systems & Project Management (Module 2) · Research Methodology |
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Postgraduate Diploma: CMA (NQF 8)
(Available from 2021)
Entry Requirements:
A completed NQF level 7 relevant qualification (Advanced Diploma in Cost and Management Accounting or equivalent) with an average of 60% for all the core subjects.
Curriculum for Postgraduate Diploma: CMA
-
Semester 1 Semester 2 · Research Project in CMA · Cost and Management Accounting (Module 1)
· Financial Reporting (Module 1)
· Business Strategy (Module 1)
· Strategic Financial Management (Module 1)
· Research Project in CMA · Cost and Management Accounting (Module 2)
· Financial Reporting (Module 2)
· Business Strategy (Module 2)
· Strategic Financial Management (Module 2)
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Master of Management: CMA (NQF 9)
Entry Requirements:
65% average for a completed PGD or equivalent qualification in Cost and Management Accounting or related discipline. 65% average for Research Methodology and Management Accounting. Successful achievement of the Faculty selection criteria.
Curriculum
Research by Dissertation. Minimum period of 1 year and maximum 4 years.
PhD in Business Administration (NQF 10)
A relevant master’s degree on NQF 9 approved by SAQA in a related discipline. Research Methodology course completed. Successful achievement of the Faculty selection criteria.
Curriculum
Research by Thesis. Minimum period of 2 years and maximum 6 years.
Diploma: Financial Information Systems (FIS) – NQF 6
Six semesters / three years full-time of class attendance at the University
What are the Functions of a FIS Graduate?
Financial Information Systems is a profession and activity involved in helping organisations achieve their objectives. It entails collecting and organising financial and operational data to enable you to advice the various levels of management as to where they stand in relation to short, medium and long-term plans. The graduate must also be able to advice the trends of inadequate profits and where opportunities exist that may be exploited in the dynamic and competitive business environment. The graduate plays a key role in day-to-day decision-making as well as in the long-term capital investment decisions. With this programming knowledge, the graduate is a vital link.
Career Opportunities
A career in Financial Information Systems offers challenging and exciting opportunities in both the private and public sectors. There is a continuous demand for Financial Systems Programmers. Qualified candidates could easily be promoted from Clerk to Accountant to Management. People in possession of this qualification are in demand in commerce, industry and the public sector. They could also head the Electronic Data Processing Department using their management skills and programming knowledge.
Curriculum
Semester 1 | Semester 2 |
· Financial Accounting 1
· Commercial Law for Accountants 1 (Module 1) · Applied Communication 1 (Module 1) · ICT Skills 1 |
· Cost & Management Accounting 1
· Commercial Law for Accountants 1 (Module 2) · Applied Communication Skills 1 (Module 2) · Auditing 1 · Financial Information Systems 1 |
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Semester 3 | Semester 4 |
· Financial Information Systems 2 (Module 1)
· Financial Accounting 2 (Module I) · Cost & Management Accounting 2 (Module I) · Auditing 2 (Module 1) · Applied Communication Skills 2 (Module 1) · Taxation 1 · Accounting Technology 1 |
· Financial Information Systems 2 (Module 2)
· Financial Accounting 2 (Module 2) · Cost & Management Accounting 2 (Module 2) · Auditing 2 (Module 2) · Applied Communication Skills 2 (Module 2) · Entrepreneurial Skills |
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-
· Financial Information Systems 3 (Module 1) · Financial Accounting 3 (Module 1)
· Cost & Management Accounting 3 (Module 1)
· Taxation 2 (Module 1)
· Statistics 1 {Module 1)
· Business Ethics 1
· Financial Information Systems 3 (Module 2) · Financial Accounting 3 (Module 2)
· Cost & Management Accounting 3 (Module 2)
· Taxation 2 (Module 2)
· Accounting Technology 2 (WIL)
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Assessment
Assessment takes the form of tests, assignments, practicals, tutorials and final examinations.
Articulation Options
Advance Diploma: Cost & Management Accounting
After completing the Diploma: Financial Information Systems, students can articulate to the Advanced Diploma: Cost and Management Accounting.
Diploma: Internal Auditing (NQF 6)
Six semesters / three years full-time of class attendance at the University
What are the Functions of an Internal Auditing Graduate?
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation’s operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. In doing this the internal auditor will analyse the efficiency of operations, the reliability of financial reporting, detecting and investigating fraud, safeguarding assets and compliance with laws and regulations.
Career Opportunities
A career in Internal Auditing offers challenging and exciting opportunities in both the private and public sectors. There is a continuous demand for certified internal auditors. Through this course the student will be able to follow the Institute of Internal Auditors (IIA) Certified Internal Auditor (CIA) qualification route.
Entry level : Internal Audit Trainee
Middle level : Junior Internal Auditor
Top level : Chief Audit Executive
Curriculum
Semester 1 | Semester 2 |
· Financial Accounting 1
· Commercial Law for Accountants 1 (Module 1) · Economics (Module 1) · Applied Communication 1 (Module 1) · ICT Skills 1 |
· Cost & Management Accounting 1
· Commercial Law for Accountants 1 (Module 2) · Economics (Module 2) · Applied Communication Skills 1 (Module 2) · Internal Auditing 1 |
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Semester 3 | Semester 4 |
· Financial Accounting 2 (Module 1)
· Cost & Management Accounting 2 (Module I) · Internal Auditing 2 (Module 1) · Statistics 1 (Module 1) · Applied Communication Skills 2 (Module 1) · Taxation 1 (Module 1) |
· Financial Accounting 2 (Module 2)
· Cost & Management Accounting 2 (Module 2) · Internal Auditing 2 (Module 2) · Statistics 1 (Module 2) · Applied Communication Skills 2 (Module 2) |
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Semester 5 | Semester 6 |
· Financial Accounting 3 (Module 1)
· Cost & Management Accounting 3 (Module 1) · Internal Auditing 3 (Module 1) · Taxation 1 · Business Ethics 1 · Commercial Law for Accountants 2 |
· Financial Accounting 3 (Module 2)
· Cost & Management Accounting 3 (Module 2) · Internal Auditing 3 (Module 2) · Information Systems Auditing 1 · Entrepreneurial Skills 1 · Accounting Technology 2 (WIL) |
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Assessment
Assessment takes the form of tests, assignments, practical’s, tutorials and final examinations.
Advanced Diploma: Internal Auditing (NQF 7)
Entry Requirements:
A completed 360 credits NQF level 6 relevant qualification (Diploma in Internal Auditing), with an average of 60% on all the core (major) subjects/modules. Duration: This is a one-year full-time course. No part time classes offered.
Curriculum for Advanced Diploma: Internal Auditing
Semester 1 | Semester 2 |
· Advanced Internal Auditing (Module 1)
· Advanced Cost & Management Accounting (Module 1) · Advanced Financial Accounting (Module 1) · Research Methodology |
· Advanced Internal Auditing (Module 2)
· Advanced Management Accounting (Module 2) · Advanced Financial Accounting (Module 2) · Advanced Information Systems Auditing · Advanced Business Communication for Internal Auditing |
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Articulation Options
Master of Management: CMA (NQF 9)
After completing the Postgraduate Diploma: Internal auditing, students can articulate to the Master of Management: Cost and Management Accounting.
Curriculum
Research by Dissertation. Minimum period of 1 year and maximum 4 years.
Phd: Business Administration (NQF 10)
Entry Requirements:
Relevant Master’s degree or an equivalent qualification (NQF 9) approved by SAQA. Research Methodology course completed. Proof of previous research experience. Successful completion of the Faculty selection criteria.
Curriculum
Research by Thesis. Minimum period of 2 years and maximum 6 years.
Enquiries:
Enquiries may be addressed to:
HoD: Department of Accountancy Tel : +27 16 950 9267
Faculty of Management Sciences Fax : +27 16 950 9576
Vaal University of Technology E-Mail : queenm@vut.ac.za
Private Bag X021 Website : www.vut.ac.za
VANDERBIJLPARK, 1900