Bachelor of Accounting - Varsity College
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Bachelor of Accounting The Independent Institute of Education (The IIE) The IIE Bachelor of Accounting (BAC) degree will provide candidates with a thorough theoretical grounding and knowledge in the key principles of Financial Accounting, Management Accounting and Finance, Auditing and Taxation. Thus, the Bachelor of Accounting (BAC) degree is for students who intend to pursue a professional career in Accounting. What is this Degree’s accreditation status? The IIE’s Bachelor of Accounting degree is accredited by the Council on Higher Education (CHE) and is registered by the South African Qualifications Authority (SAQA) on the National Qualifications Framework (NQF) as a 422-credit qualification on level 7 (SAQA ID: 99284). The Bachelor of Accounting degree is also accredited by the South African Institute of Chartered Accountants (SAICA) as an undergraduate degree to prepare students for the Chartered Accountant qualification.
Who is this Degree aimed at?
If you enjoy working with numbers in the accounting context and like the thought of applying this in
the business world, then consider studying this Degree. This is the Degree to study should you wish to
become a Chartered Accountant or Professional Accountant.
The objective of the BAC degree is to qualify students in the field of accountancy and provide a stepping
stone to a range of professional accounting qualifications. The degree is structured in accordance with
the new HEQSF guidelines and will provide students with the knowledge, skills and applied
competencies identified by professional Accounting bodies.
What professional qualifications can the Bachelor of Accounting articulate into?
The BAC degree was specifically designed to cover the core content of the educational component of
the professional accounting frameworks. The design is intended to offer students the opportunity to
gain access to further professional accounting qualifications through:
• The South African Institute of Chartered Accountants (SAICA): To qualify as a Chartered
Accountant (CA(SA)), a student must complete a SAICA accredited Accounting degree followed
by a Certificate in the Theory of Accounting (CTA). On completion of this formal education a
three-year training contract is served, and two additional exams set by SAICA are written, the
Initial Test of Competence (ITC) and the Assessment of Professional Competence (APC).
• The South African Institute of Professional Accountants: To qualify as a Professional Accountant
(SA) a student must complete a SAIPA accredited Accounting degree, obtain three years practical
experience and pass the SAIPA Professional Evaluation examination.
• The Chartered Institute of Management Accountants (CIMA): To qualify as a Certified
Management Accountant, students must complete the CIMA professional qualification. BAC
graduates may apply for exemptions from the Operational and Managerial levels of CIMA.
• The Association of Chartered Certified Accountants (ACCA): To qualify as a Chartered Certified
Accountant, students must complete the ACCA professional qualification. BAC graduates may
apply for subject exemptions from the Fundamentals level of ACCA.What entry requirements will I need to study this Bachelor’s degree?
Maths/ Math Life
English Notes
HG Lit/SG Orientation
with 50% for two Candidates who have obtained a
NSC: Bachelor other recognised registered and accredited Advanced
50% 50% or 80%
pass with 20-credit NSC Certificate or Higher Certificate in a
subjects (excl. LO) cognate discipline who do not have a
with a min of 70% minimum of 70% average for
NC(V): in the four Accounting on that qualification or
60% 50%or 60% 60%
Bachelor pass vocational who did not cover sufficient
subjects Accounting on that qualification must
SC: complete the Introduction to
Minimum Admission Endorsement 50% 50% 70% Accounting course before
Requirements: with commencement of the first semester
SC(a): of first year.
Bachelor pass 50% 50% 80%
with
An USAf Exemption Certificate to
degree studies with Mathematics and
International
English at 50% or equivalent is
required
Higher Certificate, an Advanced Certificate, 240 or 360 credit Diploma in a cognate field may satisfy the minimum admission
requirements to degree studies.
Other
If discipline not cognate at least 20% of credits must be academic literacy or numeracy related.
Qualifications
"Alternate Notes
Admission:
(Should additional
entrance
requirements not be
met at NSC Grade 12, Students who do not have Accounting as a grade 12 subject or have not obtained 50% for Accounting in
then, in some Accounting
grade 12 must complete the Introduction to Accounting course during the first semester of first year.
instances, entrance
may be granted
based on Grade 11
marks)"
Candidates having attained the age of 23 before or during the first year of registration with a Senior
Certificate with a minimum of 40% in at least four higher or standard grade subjects, at least three of which
Mature Age shall have been passed simultaneously and one of which shall be a recognised higher grade subject; OR
Exemption Candidates must have attained the age of 45 before or during the first year of registration.
An USAf Exemption Certificate is required
Recognition
Candidates must demonstrate suitability for admission in terms of Senate’s resolution 6.6 of 20 October
of Prior
2005 which allows for Senate’s discretionary conditional admission (if applicable).
Learning (RPL)
Senate Discretionary Candidates who have successfully completed an SOT qualification may be conditionally admitted directly
Admissions into the 1st year of the degree, provided that they have:
a) submitted their SOT certificate along with a statement of results and have achieved at least 50 % in 4
School of
recognised 20-credit NSC subjects with 50% in English and 50% for Maths - using the SOT “National
Tomorrow
Conversion” table;
(SOT)
b) achieved the following for the National Benchmark Tests (NBT)- AQL:
(last date of
- Academic Literacy (AL) score of at least 51 AND an Quantitative Literacy (QL) score of at least 38
achievement
30 June 2019)
An USAf Exemption Certificate is required - the Office of the Registrar will facilitate, on behalf of the
student, an application for a degree exemption certificate to USAf, once the student has provided proof of
payment to USAf.What must I pass in order to graduate with this Bachelor’s degree? In order to be awarded this qualification, you must have achieved a minimum final year mark of fifty percent (50%) for each module of the programme. With what qualification will I graduate? You will graduate with The IIE Bachelor of Accounting degree conferred by The Independent Institute of Education (The IIE). Career opportunities: what career areas can I pursue once I have completed this Bachelor’s degree? This degree will open up an attractive range of career options; this degree is an ideal stepping stone to a diverse and exciting range of business related career opportunities. These opportunities include, but are not limited to becoming a – • Chartered Accountant (CA(SA)) • Professional Accountant • Certified Management Accountant • Chartered Certified Accountant Would it be possible to study further to obtain a postgraduate qualification once I have completed The IIE BAC degree? The IIE’s Bachelor of Accounting degree is accredited by the Council on Higher Education (CHE) and is registered with the South African Qualifications Authority (SAQA) on the National Qualifications Framework (NQF) at level 7 - the same level as other equivalent undergraduate degrees at South African universities. The opportunity to apply for a postgraduate certificate/diploma or honours degree at Varsity College or any South African university exists subject to meeting specific programme entrance requirements. After my degree, how can I study further? If you intend pursuing a career as a Chartered Accountant, you may apply for the postgraduate CTA programme at a SAICA accredited university, subject to their admission requirements. Successful completion of the CTA programme will enable you to write the Initial Test of Competence set by SAICA. If you intend pursuing a career as a Professional Accountant, you may apply to SAIPA to register for their professional examinations. How do I find out more about these further study opportunities? As a registered student at Varsity College, we will support you to explore the possible postgraduate options that align to your chosen career area. Each year we also provide our students with a postgraduate information pack. It is important to remember that your academic results remain a key factor when applying for further studies.
What is The Teaching and Learning Strategy of the IIE’s Varsity College, and how will it help prepare me for the 21st century working world? At The IIE’s Varsity College we are proud of and passionate about our shift away from the ‘traditional lecturing’ methodology to our blended-learning strategy – the VCBlend. This blended-learning strategy extends learning beyond the confines of the classroom and creates opportunities for our students to work collaboratively, with peers and their educators, to construct their understanding of concepts. Student engagement is supported by the use of a learning management system (LMS) and the online learning materials that have been developed to underpin our teaching strategy. This student-focused approach compels our students to be accountable for their learning while developing the critical skills they will need to thrive in the rapidly changing 21st century work environment. As such, academic life for our students is dynamic, challenging and relevant. How is this Bachelor’s degree structured at Varsity College? The IIE BAC degree is a three-year degree. The academic year runs from February to November. The modules are delivered on a full-time basis with lectures and tutorials being scheduled during the day from Monday to Friday. Due to the VCBlend approach, you will be expected to spend time conducting your own research, study for assessments and work on assignments. To gain the most from the blended learning experience, VC’s Wireless classrooms and campuses, students are required to BYOT (Bring Your Own Technology) such as mobile devices, netbooks, laptops or tablets, etc. so as to develop the necessary academic and digital literacies over the three years of this degree. The curriculum below is correct at the time of print. Please note that in line with academic practice, The IIE’s curriculum is annually reviewed thus changes may occur in module structure and sequence in order to ensure that the qualification remains relevant. The exit level outcomes of the programme do not change. Registered students receive an updated programme curriculum on an annual basis.
Bachelor of Accounting
YEAR 1:
Semester 1 NQF Credit Semester 2 NQF Credit
Level value level value
APCT5111-Applied 5 9 BUSL6212-Business Law 6 18
Communication Techniques
BMNG5111-Business 5 12 BMNG5112-Business 5 12
Management 1A Management 1B
PMIC6111-Economics 1A 6 12 PMAC6112-Economics 1B 6 12
FIAC5111-Financial Accounting 5 18 FIAC5112-Financial 5 18
1A Accounting 1B
INPCf110-Introduction to 5 5 QUAT6211-Quantitative 6 9
Personal Computing Techniques B
QUAT5112-Quantitative 5 9
Techniques A
YEAR 2:
AUDI6211-Auditing 2A 6 12 ASBU6211-Accounting 6 12
Systems in Business
DIGC5110-Digital Citizenship 5 8 BUET6212-Business 6 12
Ethics
LAES5111-Law of Enterprise 5 12 TAXA6212-Taxation 2A 6 12
Structures
FIAC6211-Financial Accounting 6 18 FIAC6212-Financial 6 18
2A Accounting 2B
MFAC6211-Management 6 18 MFAC6212-Management 6 18
Accounting and Finance 2A Accounting and Finance
2B
YEAR 3:
AUDI7311-Auditing 3A 7 18 AUDI7312-Auditing 3B 7 18
FIAC7311-Financial Accounting 7 22 FIAC7312-Financial 7 18
3A Accounting 3B
MFAC7311-Management 7 18 MFAC7312-Management 7 18
Accounting and Finance 3A Accounting and Finance
3B
TAXA7311-Taxation 3A 7 18 TAXA7312-Taxation 3B 7 18Prerequisites/ co-requisites:
There are prerequisites for this programme that must be met in order to progress through the
qualification.
Prerequisites
Module Prerequisite
Auditing 3A Auditing 2A
Auditing 3B Auditing 2A
Financial Accounting 1B Financial Accounting 1A
Financial Accounting 2A Financial Accounting 1B
Financial Accounting 2B Financial Accounting 1B
Financial Accounting 3A Financial Accounting 2A
Financial Accounting 2A and Financial Accounting
Financial Accounting 3B
2B
Management Accounting and Finance 2A Financial Accounting 1B
Financial Accounting 1B and Quantitative
Management Accounting and Finance 2B
Techniques B
Management Accounting and Finance 3A Management Accounting and Finance 2A
Management Accounting and Finance 3B Management Accounting and Finance 2B
Quantitative Techniques B Quantitative Techniques A
Taxation 2A Financial Accounting 1B
Taxation 3A Taxation 2A
Taxation 3B Taxation 2ACompetency Test At The IIE’s Varsity College, we recognise that students have developed the core skills to succeed in basic computer skills, either through schooling activities, or personal experience. The module Introduction to Personal Computing (INPCf110) is a 5-credit module and is offered across many of The IIE’s academic programmes. We provide students with an opportunity to write a competency test for the Introduction to Personal Computing (INPCf110) module for 2019 which, if passed, will exempt the student from having to attend class and the mark obtained in the competency assessment will become the student’s mark for the module. The competency test will take place prior to the commencement of the module. Students must register for the module in order to access the competency assessment. The test is completed online and will take place in a computer lab on campus. The assessment covers basic Microsoft Windows 10 functionality and Microsoft Office 2016 applications (Word, Excel, PowerPoint and Outlook). Your results will be available immediately. If you do not pass the competency test you will be required to attend class and complete the module. Timetables Our full-time programmes are aimed at students wishing to dedicate themselves to full-time face-to-face studies for the duration of their qualification. This means that students are expected to be available throughout the day for class in the academic year depending on how the timetable is structured. Students may also be required to write assessments or submit coursework or assignments outside of normal class-time. Students must understand that timetables remain subject to change throughout the year. Unfortunately, we cannot guarantee that timetable structures will remain the same during each year of your studies with us. In addition, where students are repeating modules, these modules may be offered in the evenings or on weekends. Students are required to attend classes in order to remain up to date with the academic programme. Students who would like to pursue part time employment opportunities outside of the academic programme must prioritise their studies and avoid committing to work schedules until after they have received their timetables and academic calendar from the institution. Call your nearest IIE’s Varsity College campus to discuss your career options with one of our Student Advisors. BAC 2019 V1 2018.08.23 Disclaimer: Please note that this fact sheet is accurate at the time of publication. The Independent Institute of Education (The IIE) reserves the right to alter any of the content prior to commencement of registration due to changes in regulation, policy, market requirements or any other valid reason.
British Accreditation Council The IIE is not only accredited in South Africa but its dedication to providing quality education also led to it being accredited by the British Accreditation Council (BAC) in 2014. The British Accreditation Council is an independent authority in the United Kingdom that accredits private providers globally, including Greece, Switzerland, Singapore, India, Mauritius and the United Arab Emirates. In 2017 The IIE had its accreditation status confirmed by the BAC as an International Higher Education Institution confirming our confidence in the international comparability of our standards. “South African students need to know, when they select a private higher education institution, that the standards offered are equivalent to those of a public University. Our students get this from our extensive local accreditation and registration. The students also benefit from knowing that we meet international standards too. The IIE is accredited as an International Higher Education Institution by the British Accreditation Council. Locally and internationally we have demonstrated the quality of what we offer,” said Dr Coughlan, Director, The Independent Institute of Education. The IIE’s Varsity College students can be confident that their IIE learning experience meets international best practice standards.
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