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Professional Certificate in Accountancy

Professional Certificate in Accountancy 2019

A Bridging Programme into the 2020 Postgraduate Diploma in Accounting at MSA

What is the Professional Certificate in Accountancy?

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.

Programme Outline

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.

Tax (ZUG3064)
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.

Mode of Delivery

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).

Assessments

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.

Site of Delivery

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.

Local Entry Requirements

Applicants holding a degree (or who have completed a bridging programme) in Accounting:

  • Applicants who have successfully completed their SAICA-accredited undergraduate degree in Accounting but do not qualify to enter the Postgraduate Diploma in Accounting at MSA as yet, will be granted entry into the PCA.
  • Applicants who have successfully completed their bridging programme in Accounting at a SAICA-accredited University but do not qualify to enter the Postgraduate Diploma in Accounting at MSA as yet, will be granted entry into the PCA.
  • Applicants who have unsuccessfully attempted their SAICA-accredited postgraduate degree in Accounting and do not qualify to enter the Postgraduate Diploma in Accounting at MSA based on its entry requirements, will be granted entry into the PCA at MSA.

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.

International Entry Requirements

The Professional Certificate in Accountancy is open to all students wishing to enter the South African Chartered Accountancy pathway.

Award

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).

What is a Professional Certificate in Accountancy

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.

What is the duration of the programme?

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.

What are the subjects offered as part of the Professional Certificate in Accountancy?

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.

Intakes

February 2019

Application Closing Dates

Friday, 1 February 2019

Attendances

Online (approximately 90%) and on-campus at MSA (approximately 10%).

Course code

3697

Fees for 2019

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.

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

Telephone: +27 11 950 4009
Email: inquiries@monash.ac.za

PCA Course Coordinator - for course-related queries: 
Anton van Wyk M.Com CA (SA)

Telephone: +27 11 950 4091
Email: anton.vanwyk@monash.edu

PCA Course Administrator - for administrative queries: 
Corne Howard

Telephone: +27 11 950 4043
Email: corne.howard@monash.edu

Contact us

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

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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.

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.

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