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 IIE 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 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 IIE 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 Bachelor’s 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 IIE Bachelor of Accounting 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 IIE Bachelor of Accounting 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?

Minimum Admission Requirements:

English Maths / HG

Math Lit / SG

Notes

NSC: Bachelor pass with

50% 50% or 80% 1.Candidates who have obtained a registered and accredited Advanced Certificate or Higher Certificate in Accounting or similar, with Accounting as a core module for a full year, who do not have a 70% average for Accounting on that qualification must attend all 12 sessions of Introduction to Accounting (SINAC019) in the first semester of first year. Non-attendance of any of the 12 sessions without a valid reason, will result in the cancellation of your registration on the Bachelor of Accounting degree. 2.Candidates who do not have Accounting as a grade 12 subject or have not obtained 50% for Accounting in grade 12 must attend all 12 sessions of Introduction to Accounting (SINAC019) in the first semester of first year. Non-attendance of any of the 12 sessions without a valid reason will result in the cancellation of your registration on the Bachelor of Accounting degree .

NC(V): Bachelor pass with

50% 50% or 80%

SC: Endorsement with

50% 50% or 80%

SC(a): Bachelor pass with

50% 50% or 80%

International An USAf Exemption Certificate to degree studies and meeting the relevant Maths and English requirements.

Higher Certificate, an Advanced Certificate, 240 or 360 credit Diploma in a cognate field may satisfy the minimum admission requirements to degree studies.

If discipline not cognate at least 20% of credits must be academic literacy or numeracy related.

Senate Discretionary Admissions: Mature Age Exemption

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 shall have been passed simultaneously and one of which shall be a recognised higher grade subject; OR Candidates must have attained the age of 45 before or during the first year of registration. An USAf Exemption Certificate is required

Recognition of Prior Learning (RPL)

Candidates must demonstrate suitability for admission in terms of Senate’s resolution 6.6 of 20 October 2005 which allows for Senate’s discretionary conditional admission (if applicable).

USAf approved cognate foundation programme

Candidates who have completed an USAf approved cognate foundation programme from a registered and accredited provider may be admitted. The additional English and Maths criteria fall away. An USAf Exemption Certificate is required - the Office of the Registrar will facilitate, on behalf of the student, an application for degree admission to USAf, once the student has provided proof of payment to USAf.

Transfer students

Candidates who have successfully completed at least 120 credits on the first year of a cognate degree may be admitted on condition that the candidate obtained a minimum of 70% for a full year of Accounting module(s) (IIE codes - ACBP5111 AND ACBP5112) or similar. However, if a student completed less than 120 credits, the admission criteria on the NSC or equivalent apply.

General Education Development (GED) - An USA qualification developed by the American Council on Education (ACE)

Candidates with a GED qualification may be admitted if they have an USAf Foreign Conditional Exemption Certificate as well as NBT: AQL results and have obtained a score of at least 51 for Academic Literacy (AL) and a score of at least 40 for Quantitative Literacy (QL).

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. 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. 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 The IIE’s Varsity College? The IIE Bachelor of Accounting 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.

The curriculum below is correct at the time of print. Please note that in line with academic practice, The IIE’s curriculum is reviewed annually 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.

The IIE Bachelor of Accounting

YEAR 1: Semester 1 NQF

Level Credit value

Semester 2 NQF level

Credit value

APCT5111-Applied Communication Techniques

5 9 BUSL6212-Business Law 6 18

BMNG5111-Business Management 1A

5 12 BMNG5112-Business Management 1B

5 12

PMIC6111-Economics 1A 6 12 PMAC6112-Economics 1B 6 12 FIAC5111-Financial Accounting 1A

5 18 FIAC5112-Financial Accounting 1B

5 18

INPCf110-Introduction to Personal Computing

5 5 QUAT6211-Quantitative Techniques B

6 9

QUAT5112-Quantitative Techniques A

5 9

YEAR 2: AUDI6211-Auditing 2A 6 12 ASBU6211-Accounting

Systems in Business 6 12

DIGC5110-Digital Citizenship 5 8 BUET6212-Business Ethics

6 12

LAES5111-Law of Enterprise Structures

5 12 TAXA6212-Taxation 2A 6 12

FIAC6211-Financial Accounting 2A

6 18 FIAC6212-Financial Accounting 2B

6 18

MFAC6211-Management Accounting and Finance 2A

6 18 MFAC6212-Management Accounting and Finance 2B

6 18

YEAR 3: AUDI7311-Auditing 3A 7 18 AUDI7312-Auditing 3B 7 18 FIAC7311-Financial Accounting 3A

7 22 FIAC7312-Financial Accounting 3B

7 18

MFAC7311-Management Accounting and Finance 3A

7 18 MFAC7312-Management Accounting and Finance 3B

7 18

TAXA7311-Taxation 3A 7 18 TAXA7312-Taxation 3B 7 18

Prerequisites/ 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 3B Financial Accounting 2A and Financial Accounting 2B

Management Accounting and Finance 2A Financial Accounting 1B

Management Accounting and Finance 2B Financial Accounting 1B and Quantitative 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 2A INPCf110 Competency Test At The IIE’s Varsity College, we recognise that some 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 2020 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.

What about 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. 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. How long do I have to complete this qualification? Students have a maximum of 6 years to complete this qualification. 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 and obtain a postgraduate qualification once I have completed The IIE Bachelor of Accounting degree? The IIE 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 offered at other South African higher education institutions. As a result, the opportunity to apply for a postgraduate certificate/diploma or honours degree at The IIE or any other South African higher education institution does exist. However, different institutions sometimes have different requirements for admission to the programmes they offer. These requirements also change from time to time within institutions. For this reason, acceptance into various programmes are based on meeting all the institution-specific entrance requirements, the availability of space, as well as the applicants’ academic results. Speak to your Student Advisor regarding these further study options. 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. Call your nearest IIE’s Varsity College campus to discuss your career options with one of our Student Advisors. BAC 2020 V1 20 MAY 2019 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 Independent 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 Independent 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.