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Postgraduate Diploma in Accounting

Postgraduate Diploma in Accounting for 2018

Why study for a Postgraduate Diploma in Accounting

The Postgraduate Diploma in Accounting (PGDip(Accounting)) is a one-year SAICA-accredited qualification designed for students who have completed their SAICA-accredited undergraduate accounting degree and who now wish to study further at a postgraduate level with the goal of ultimately qualifying as a Chartered Accountant (CA(SA)).

The PGDip(Accounting) is designed to cover, at a minimum, all aspects of the syllabus for SAICA’s Initial Test of Competence (ITC) (also referred to as the ‘Board Exam’), focusing on areas which have not been covered at an undergraduate level and revising those that have.

Programme Configuration

The PGDip (Accounting) is offered as follows at the MSA campus in Ruimsig:

  • Day time
    • The day time programme includes contact sessions (lectures and tutorials) that run during business hours (detailed timetables will be provided on enrolment).
  • After hours
    • The after-hours programme is open to all students, but particularly those who are employed and who wish to study on a part time basis.
    • The after-hours programme includes 3-hour contact sessions that are scheduled in the evenings, usually for two evenings per week (detailed timetables will be provided on enrolment).

All lectures are also recorded and are accessible to day time and after-hours students.

The day time and after-hours offerings differ in terms of the following:

  • after-hours students do not attend formal lectures (the lectures are recorded and are available on-line); and
  • the tutorial sessions take place in the evenings, instead of during the daytime.

In all other respects, the day time and after-hours offerings are the same: the same qualification is obtained, the programmes run over the same period of time, require the same number of overall study hours, include the same assessments, have the same cost and allow successful students to write SAICA’s ITC.

Programme Outline

The PGDip(Accounting) comprises four compulsory full-year units and no elective units. Successful completion of the PGDip(Accounting) requires a pass mark of 50% or more for each unit. In order to qualify to write SAICA’s ITC, a pass mark for all four units must be achieved in the same year.

  • Financial Reporting (ZPG4016 – 30 credits)
    This unit focuses on the application of International Financial Reporting Standards (IFRS) at an advanced level.
  • Tax (ZPG4017 – 30 credits)
    This unit focuses on the taxes and duties levied in terms of the Income Tax Act, the Estate Duty Act, and the Value-Added Tax Act.
  • Management Accounting & Finance (ZPG4018 – 30 credits)
    This unit aims to provide tools that support analytical reasoning that contributes to effective management and decision-making in the context of real world scenarios. The unit draws on a broad understanding of the economy, strategy and risk management.
  • Corporate Governance & Auditing (ZPG 4019 – 30 credits)
    This unit aims to provide a thorough knowledge and understanding of the external audit process, corporate governance and company-related legislation. The curriculum focuses on the audit process, computer auditing, the Code of Professional Conduct, the Auditing Professions Act, the Companies Act, corporate governance and sustainable businesses.

Students must obtain 120 credits to complete the programme.

Duration

1 year

Intakes
One annual intake only (January).
Fees for 2017

Total Fees: 2017 fees: R 63 200 per year (full time and after hours)

Students are responsible for the payment and arrangement of their own transport and accommodation, as well as for text books and off-campus computers or other devices to be able to access and use the internet. On campus, students are able to use Monash South Africa IT equipment and internet facilities.

Banking Details

Beneficiary: Monash South Africa Limited
Bank: First National Bank (FNB)
Branch: Cresta (254905)
Account number: 62062732485
Reference: Student number_ Surname

Payment Methods

Tuition and accommodation fees are payable upfront, per semester via the following payment methods:

Direct deposit / Telegraphic transfer (please forward all direct deposit / Telegraphic transfer / swift message proof of payment to Student Fees at: musa-fees@monash.edu).

Credit / Debit card facilities are available at Monash South Africa, Student Services Centre

A bank draft made out to Monash South Africa (please write the student number at the back)

NO CASH is accepted at Monash South Africa

Find out more

Email:
PGDip(Accounting) application enquiries:
Michell Moodley -
musa-pgda@monash.edu

PGDip(Accounting) course information:
Stéfani Coetzee -
stefani.coetzee@monash.edu

Telephone:
+27 11 950 4009

Attendances

On-campus at South Africa : full time and after hours

Course code

3662

Contact us

011 950 4009 inquiries@monash.ac.za
From outside South Africa
+27 11 950 4009

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Programme Co-ordinator and important dates

Programme coordinator

Stéfani Coetzee
011 950 4078
stefani.coetzee@monash.edu

Programme dates

Classes commence: 24 January 2018
Classes end :   05 October 2018
Exam commences : 22 October 2018
Results released :  15 November 2018
Supplementary exams: 22 November to 3 December 2018

The above dates are subject to change.

Further information

Time requirements

Each PGDip(Accounting) unit includes weekly preparation, lectures and tutorials. Contact sessions, including both lectures and tutorials, run for 20 – 25 hours per week (for all four units combined) and preparation time outside of class (for all four units combined) requires an additional 20 – 25 hours per week.

Assessment Design

Formative assessments are conducted over the year in the form of three continuous assessments, three major formative assessments and a final summative examination in October.

Professional and national accreditation

This programme has been accredited by the South African Institute of Chartered Accountants (SAICA) and successful completion qualifies students to write the Initial Test of Competence (ITC), the first of SAICA’s board exams. The programme is also accredited by the Higher Education Quality Committee (HEQC) of the Council on Higher Education (CHE).

Entry requirements

Places in the PGDip(Accounting) are offered as follows:

  • Considered for acceptance – the majority of applicants fall into this category and are considered for the PGDip(Accounting) subject to the criteria in part 1 below.
  • Automatic offers – places are offered automatically to applicants who meet the requirements in part 2 below.
 

Part 1: Considered for acceptance

The majority of applicants fall into this category and are considered but are not guaranteed a place in the PGDip(Accounting).

1.1 Applicants who have not previously attempted the MSA PGDip(Accounting)

These are applicants who have completed a SAICA-accredited undergraduate degree but who have not achieved the requirement for an automatic offer detailed in part 2.1. These applicants are considered by the Department of Accountancy according to the following criteria:

  • The PGDip(Accounting)’s capacity.
  • Whether the applicant has attempted or completed a CTA / PGDip(Accounting) before.
  • Whether the applicant completed the undergraduate degree in the prescribed time.
  • Prior marks.
  • Time gaps since the applicant last studied.

1.2 Applicants who have previously attempted the MSA PGDip(Accounting)

These applicants need to re-apply and are considered by the Department of Accountancy according to their performance in the MSA PGDip(Accounting), subject to the PGDip(Accounting)’s capacity.

Even if an applicant has passed one or more of the PGDip(Accounting) units previously, they will have to register and pass all four subjects in the same year in order to qualify to write SAICA’s ITC.

Part 2: Automatic offers

  • 2.1 Applicants who have not previously attempted the MSA PGDip(Accounting)
    Applicants who have successfully completed their SAICA-accredited undergraduate degree with an average mark of 55% or more in all four major third year subjects in the year immediately preceding the year in which they begin the Monash SA PGDip(Accounting) are automatically offered a place in the MSA PGDip(Accounting).
  • 2.2 Applicants who have previously attempted the MSA PGDip(Accounting)

    Applicants who have passed two or more MSA PGDip(Accounting) units in the year preceding the repeating year are automatically offered a place in the MSA PGDip(Accounting). (These applicants do however need to re-apply.)

    Even if an applicant has passed one or more of the PGDip(Accounting) units previously, they will have to register and pass all four subjects in the same year in order to qualify to write SAICA’s ITC.

International students

The PGDip(Accounting) is open to all students wishing to qualify as South African Chartered Accountants.

Textbooks

A complete list of the required text books for the four subjects will be provided to successful applicants when they are informed that their applications were successful.

Award

Postgraduate Diplomas are awarded by Monash South Africa as a registered private higher education institution in South Africa.

The PGDip(Accounting) is registered on NQF level 8.

Apply

Applications are now open. Apply online via the Monash Online Admission system. You may also find the online application step by step guide (pdf, 2290Kb), which will guide you through the initial application process, useful. In order to avoid delays in processing applications, it is crucial to include academic transcripts from all the years of study, including those that were not successful. Having attempted CTA previously is generally an advantage, even if the attempt was unsuccessful, as there has been exposure to the syllabus.

Closing Date for Applications: The closing date for applications is Monday, 15 January 2018. Students awaiting final results or writing supplementary exams who want to enrol for the 2018 PGDip (Accounting), should submit their applications by the closing date mentioned above. Final results can then be submitted as soon they are received.

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