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MANAGEMENT ACCOUNTING

General Information
Students who register for AIN2601 must:
- have at least 90 hours access to a computer
- be allowed to install Pastel Partner educational software on the abovementioned computer and the
- computer must adhere to the Pastel Partner hardware requirements for the operating system loaded on the computer.
- have access to either a virtual or a physical printer. (Cutepdf - free virtual printer software is recommended)
- have access to Microsoft Excel 2003 or Microsoft Excel 2007 or Microsoft Excel 2010 (not Microsoft Excel starter) or Open Office Calc
- have access to either WinZip or 7-Zip (7-Zip - free compression software is recommended)
- have at least 20 hours access to the internet.

Enterprise Strategy - MAC4863
Honours,Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: To strengthen and deepen managers' and aspiring managers' knowledge of enterprise strategies in organisations. The purpose of this module is to equip students with integrated skills across functions, but concentrates on developing the knowledge and skills used in designing and implementing strategy. Develop strategy in a context by gaining an in depth understanding of how the organisation's external environment and stakeholders affect strategy development. Implement strategy by making sound theoretical judgements in choosing the right tools and techniques associated with change management. Apply tools to assist in the evaluation of the performance implications of a given strategy. This module will serve as preparation for writing various papers of the Chartered Institute of Management Accountants (CIMA).
Financial Strategy - MAC4865
Post Graduate Diploma,Masters Degree Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: The purpose of the module is to equip students with the ability to apply financial management principles and techniques in various enterprises. Furthermore, the module will deepen the understanding of learners of the economic environment within which enterprises function. The module will also serve as preparation towards the writing of various papers at the Chartered Institute of Management Accountants (CIMA).
Information Strategy - MAC4866
Post Graduate Diploma,Honours Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: This module will be useful to strengthen and deepen managers' and aspiring managers' knowledge of information systems in organisations. Students will be equipped to define, develop and implement financial information systems, manage information resources, including data and technology, in compliance with technical and operational requirements, to meet user needs. Students will also be empowered to advise management on the development of financial information strategies, to utilise financial information to support the management activities of planning and decision making and to monitor and control financial information systems and services. It will also serve as preparation towards the writing of various papers at the Chartered Institute of Management Accountants (CIMA).
Performance Strategy - MAC4867
Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: Students who successfully complete this module will be equipped to identify, evaluate and manage various risks that could adversely affect the implementation of the organisation's strategy. The module aims to provide the competencies required to analyse, evaluate and apply the techniques, processes and internal control systems required to manage risk. Students will also be equipped to minimise the risk of fraud, apply ethical standards, and understand the requirements of good corporate governance and the role of the board of directors, risk manager and internal audit to manage risks. This insight is used to manage the risks associated with both cash flows and capital investment decisions- two important areas of organisational life for which the finance function is responsible. This module serves as preparation towards the writing of various papers at the Chartered Institute of Management Accountants (CIMA).
Strategic Case Studies - MAC4868
Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Co-requisite: MAC4863, MAC4865, MAC4866 & MAC4867
Purpose: To equip students to integrate skills across functions. This module in the form of case studies will be the practical application of the knowledge acquired from the three strategic level courses of the Chartered Institute of Management Accountants (CIMA). A wide range of knowledge and skills will be tested including analysis, presentation of information, communication skills and ability to integrate similar business cases. Teaching will take the format of simulated business contexts and real-life work situations through which competencies will be tested. This course will be a simulation of the job role of a senior manager communicating to the CFO and the rest of the senior management team. After completing this course, students should be able to demonstrate the required level of proficiency in each of the competency areas covered by the other strategic level courses of CIMA namely E3, F3 and P3.
Accounting Information Systems in a Computer Environment - AIN1501
Under Graduate Degree,Diploma Semester module NQF level: 5 Credits: 12
Module presented in English Module presented online
Purpose: Qualifying students will be able to explain basic information and technology systems including the digital disruption. Students will be able to outline the use of business applications of Microsoft tools, big data and systems to assist businesses to increase their productivity and users to perform specific tasks such as providing information for a detailed annual financial report. Students will also be able to explain the concepts of information technology by focusing on the components of communication networks, network configurations and the internet, intranets and extranets. Finally, students will be able to describe the threats, control, privacy, ethics and governance, cyber security and ethical risks associated with the use of computers in business in a computerised environment and the controls that should be in place to minimise these risks.
Introduction to Management Accounting - MAC1501
Under Graduate Degree,Diploma,Higher Certificate Semester module NQF level: 5 Credits: 12
Module presented in English Module presented online
Purpose: This module will be useful to students who intend to pursue a career in Accounting Sciences. Students credited with this module are able to explain and apply basic cost and management accounting principles relating to: Cost classification and terminology, accounting for purchased inventory, valuation of purchased inventory, labour costs and remuneration systems, manufacturing overheads, cost of goods manufactured and sold, budgeting, working capital management and basic concepts of business strategy.
Practical Accounting Data Processing - AIN2601
Under Graduate Degree,Advanced Diploma,Advanced Certificate Semester module NQF level: 6 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC1601 & (either AIN1501 or INF1505) Co-requisite: FAC1502 & (either AIN1501 or INF1505)
Recommendation: AUE2601 & AUE2602
Purpose: Qualifying students will be able to apply detailed knowledge relevant to data and transaction processing in accounting information systems. Students will be able to execute programming applications in solving problems in unfamiliar contexts, correctly use extensible reporting language, and propose relevant and evidence-based solutions in an applied business context.
Principles of Management Accounting - MAC2601
Advanced Certificate,Under Graduate Degree,Diploma Semester module NQF level: 6 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC1601 & (either BNU1501 or QMI1500 or DSC1630), CAS1501, CBC1501 Co-requisite: FAC1502 & (either BNU1501 or QMI1500 or DSC1630)
Recommendation: IOP1501, ECS1601, MAC2602
Purpose: To equip students with detailed knowledge, understanding and skills in evaluating, selecting and applying methods, procedures or techniques regarding management accounting principles like cost classification, cost behavior, cost-volume-profit analysis, cost estimation, cost objects, and various cost management accounting systems, for example job costing, process costing and joint and by-products; application of planning, budgeting and control techniques; valuation of inventory according to different methods; analysing of financial and other data to identify relevant information and use this information in decision-making.
Principles of Strategy, Risk & Financial Management Techniques - MAC2602
Under Graduate Degree,Diploma,Advanced Certificate Semester module NQF level: 6 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC1601 & (either BNU1501 or QMI1500 or DSC1630) CAS1501, CBC1501 Co-requisite: FAC1502 & (either BNU1501 or QMI1500 or DSC1630)
Recommendation: IOP1501, ECS1601, MAC2601
Purpose: To equip students with knowledge and understanding regarding management accounting principles. Theories, methods, techniques, and skills relevant to financial management are introduced and applied, to foster the ability to identify, analyse and solve problems in unfamiliar contexts as well as having an understanding of the ethical implications of decisions and actions.,
Automation and data analysis - AIN3701
Under Graduate Degree,Advanced Diploma Year module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: AIN2601, FAC1601 & DSC1630
Recommendation: MAC2601, MAC2602, FAC2601, FAC2602, AUE2601
Purpose: The purpose of this module is to prepare accounting students to apply computational thinking by making use of data analytics, visualisation techniques, automation, emerging technologies and address the impact of cyber security on these technologies.
Application of Management Accounting Techniques - MAC3701
Diploma,Advanced Diploma,Under Graduate Degree Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: MAC2601
Purpose: To equip students with specific competencies in decision-making and control enabling them with the ability to evaluate, select and apply various management accounting techniques - displaying integrated knowledge. The module is designed to facilitate students' acquisition of these competencies through knowledge of and engagement in relevant Management Accounting topics at the forefront of the field; an understanding of the theories, methods and techniques relevant to the field; and an understanding of how to apply such knowledge in a particular context. Students learn how information is evaluated and used to control and improve business performance. The course syllabus includes the following main topics: Advanced behavioural aspects of cost; advanced concepts in costing systems; integrated planning and budgeting; standard costing; performance management in decentralised organisations; relevant decision making in various scenarios; price setting for internal and external purposes; advanced aspects of sensitivity analysis
Application of Financial Management Techniques - MAC3702
Under Graduate Degree,Diploma,Advanced Diploma Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: MAC2602
Purpose: This module is primarily intended for candidates who are interested in qualifying as chartered accountants (SAICA) or management accountants (CIMA). It will enable students to develop the necessary competencies required by these respective professional bodies. Students who successfully complete this module will be equipped to: Evaluate financial and non-financial information and identify business in difficulty; determine the optimal capital structure; Appraise long-term investment opportunities; Determine working capital and dividend policies and optimise levels of cash and short-term financing. Apply basic techniques to manage exposure to foreign exchange transactions. Apply information technology (spreadsheet programmes) where suitable.
Selected Accounting & Financial Management Techniques - MAC3703
Under Graduate Degree,Advanced Diploma Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC2601& FAC2602 & MAC2601 & MAC2602
Purpose: This module is primarily intended for candidates who are interested in qualifying as chartered management accountants with the Chartered Institute of Management Accountants (CIMA). This module will enable students to develop some of the necessary competencies required by this professional body. Students who successfully complete this module will be equipped to: Explain, describe and apply certain newer costing and management accounting techniques that are suited to the modern business environment. Discuss various project management principles and apply selected tools and techniques. Apply the International Accounting Standard 33 - Earnings Per Share to different scenarios. Demonstrate awareness of recent developments in financial and non-financial reporting
Management Accounting III - MAC3761
Diploma,Advanced Diploma,Under Graduate Degree Year module NQF level: 7 Credits: 24
Module presented in English Module presented online
Pre-requisite: MAC2601 & MAC2602
Purpose: The purpose of the module is to equip students with specific competencies in financial management; management decision-making and control; and strategy and risk - displaying some integration between these competencies, with pervasive skills, ethics and professional practice, and certain other accounting competencies. The module is designed to facilitate students' acquisition of these competencies through knowledge of and engagement in relevant management accounting topics at the forefront of the field; an understanding of the theories, methods and techniques relevant to the field; and an understanding of how to apply such knowledge in a particular context. The course syllabus includes the following main topics: Cost accounting, planning and control; decision-making; strategy, risk and sources of finance; and managing and investing of funds.
Research Report in Management Accounting - HRMAC83
Honours Year module NQF level: 8 Credits: 36
Module presented in English Module presented online
Co-requisite: HMEMS80
Purpose: To equip students with the competencies required to plan, execute and write an acceptable academic research proposal and report on a selected topic in Management Accounting. Students will be required to demonstrate the ability to gather, analyse, evaluate and apply knowledge on the existing body of literature on their chosen topic and integrate appropriate research methodologies in the field of Management Accounting to the discourse.