The Professional Certificate in Accountancy is effectively a bridging programme into the Monash South Africa (MSA) Chartered Accountancy pathway. The programme is designed for students who have, for example, completed a non-SAICA-accredited degree or Advanced Diploma, or do not meet the requirements to gain direct entry into the MSA Postgraduate Diploma in Accounting (PGDip (Accounting)) programme. The course also focuses, to a large extent, on readiness preparation for the PGDip (Accounting) programme at MSA, to increase the successful student’s chances of passing the MSA PGDip (Accounting) in as short a time possible.
The Professional Certificate in Accountancy is also offered to Accountants in practice (and business/corporate) for purposes of Continuing Professional Development (or CPD). The PCA covers advanced aspects within Financial Reporting (e.g. Deferred Tax, Financial Instruments, Revenue Recognition, Lease Agreements, etc.), Taxation (latest tax legislation and updates to legislation), Corporate Governance and Auditing (including King Code IV and latest regulatory aspects regarding the Audit function) and lastly Management Accounting & Finance (focusing on important aspects of Financial Management as well as the underlying principles of costing). The fact that the PCA is offered mostly online, further enhances its attractiveness to Accountants in business.
The Professional Certificate in Accountancy (PCA) comprises four compulsory full-year units and no elective units. Successful completion of the Professional Certificate in Accountancy requires a pass mark of 50% for each of the four units. In order to qualify for entry into the MSA Postgraduate Diploma in Accounting (subject to the entry requirements of the Postgraduate Diploma in Accounting), a pass mark for all four units must be achieved in the same examination period. The four compulsory units are:
Financial Reporting (ZUG3063)
This unit focuses on the application of International Financial Reporting Standards (IFRS) at an advanced level.
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 (ZUG3065)
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 (ZUG3066)
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.
This programme makes use of a blended learning approach, with online teaching resources, such as online lessons incorporating Moodle, Kahoot, etc. (constituting approximately 90% of the course), as well as face-to-face lectures and tutorials, presentations and discussion sessions (constituting approximately 10% of the course).
Formal assessment by means of three year tests and a final examination in each of the four units will be conducted. Various group and individual assignments, presentations, projects, quizzes and homework will also be used for assessment purposes.
The Professional Certificate in Accountancy is offered mostly online (approximately 90%) as well as at the Monash South Africa campus in Ruimsig, Johannesburg (for face-to-face boot camp revision sessions, tests and examinations). The course is presented on a flexible basis.
Applicants holding a degree (or who have completed a bridging programme) in Accounting:
Applicants holding a degree in a non-Accounting-related field of study
Applicants who have successfully completed a non-SAICA-accredited undergraduate qualification in a non-Accounting field of study (e.g. financial management, investment management, etc.), will be granted provisional entry into the PCA, subject to the approval of the Course Coordinator.
The Professional Certificate in Accountancy is open to all students wishing to enter the South African Chartered Accountancy pathway.
On successful completion of the Professional Certificate in Accountancy, a certificate of competence will be issued which will be considered for admission into the PGDip(Accounting).
The Professional Certificate in Accountancy is a bridging programme into the Monash South Africa (MSA) Chartered Accountancy pathway. Successful completion of the course will provide entry into the MSA Postgraduate Diploma in Accounting, subject to the entry requirements of the Postgraduate Diploma in Accounting.
The programme’s duration is 12 months. The course is presented on a flexible basis, of which approximately 90% is online and 10% is face-to-face.
The Professional Certificate in Accountancy comprises four compulsory full-year units and no elective units. Successful completion of the Professional Certificate in Accountancy requires a pass mark of 50% for each unit. In order to qualify for entry into the Postgraduate Diploma in Accounting at MSA (subject to the entry requirements of the MSA Postgraduate Diploma in Accounting), that pass mark for all four units must be achieved in the same examination period.
Friday, 1 February 2019
Online (approximately 90%) and on-campus at MSA (approximately 10%).
Total Fees: 2019 fees: R25,000 per year
* Note that fees are subject to an annual change.
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.
Domestic/South African students are advise to pay 30% of their semester fee before enrolment and the balance by the published payment due date. Alternative payment arrangement can be applied for to pay each unit in full before the commencement date of the unit.
Payment dates are earlier if you are a commencing international student. This is to allow 6-8 weeks for your study visa applications to be processed prior to enrolment. To avoid delays obtaining a study visa, commencing international students must pay a 30% deposit before enrolling to allow 6-8 weeks for study visa applications and 50% balance on or before enrolment.
For more information regarding fees please visit the Fee structure
Beneficiary: Monash South Africa Limited
Bank: First National Bank (FNB)
Branch: Cresta (254905)
Account number: 62062732485
Reference: Student number_ Surname
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: firstname.lastname@example.org).
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
Telephone: +27 11 950 4009
PCA Course Coordinator - for course-related queries:
Anton van Wyk M.Com CA (SA)
PCA Course Administrator - for administrative queries:
Please note: The Professional Certificate in Accountancy (PCA) does not lead to a qualification on the NQF and is not accredited by the South African Institute of Chartered Accountants (SAICA) or the CHE of the DHET.
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.