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FULL TIME PROGRAMME

The IIE Bachelor of Accounting



Introduction to The IIE Bachelor of Accounting


The Independent Institute of Education (The IIE)

Bachelor of Accounting

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 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’s 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) as a 422-credit qualification on level 7 (SAQA ID: 99284).

The 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 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 BAC 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 BAC 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. BAcc 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. BAcc graduates may apply for subject exemptions from the Fundamentals level of ACCA.

What entry requirements will I need to study this Bachelor’s degree?

  • A NSC with Degree admission- A minimum of 50 % for English AND 50% for Mathematics OR 80% for Mathematical Literacy; OR
  • A NC(V) with Degree admission – A minimum of 60 % in English on either First Additional Language or Home Language level AND Mathematics or Mathematical Literacy AND Life Orientation , with a minimum of 70% in the three compulsory vocational subjects is required; OR
  • A SC (with endorsement) and a minimum of 50 % for English AND 50% for Mathematics on higher grade OR 70% for Mathematics on standard grade; OR
  • A candidate who did not achieve degree entry in the NSC/NC (V) and who has obtained a registered and accredited Advanced Certificate or Higher Certificate in a cognate discipline OR
  • A 240- or 360 credit Diploma in a cognate discipline; OR
  • An Advanced Diploma in a cognate discipline.

Mature Age Exemption:

  • Candidates having attained the age of 23 before or during the first year of registration with a senior certificate or equivalent with a minimum of 50% 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.

Additional Requirements for the Bachelor of Accounting:

  • Students who do not have Accounting as a grade 12 subject or have not obtained 50% for Accounting in grade 12 must complete the Introduction to Accounting course before commencement of the first semester of first year.
  • Students who have obtained a registered and accredited Advanced Certificate or Higher Certificate in a cognate discipline who do not have a minimum of 70% average for Accounting on that qualification or who did not cover sufficient Accounting on that qualification must complete the Introduction to Accounting course before commencement of the first semester of first year.

Recognition of prior learning (RPL)

Candidates can 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).

Please note, requirements for entry to this qualification are correct at the time of printing, however, these may change. At the time of registration, please check that the entry requirements have not changed.

National Benchmarking Tests

All applicants for The IIE undergraduate degree studies, including international students, are required to write the Academic and Quantitative Literacy (AQL) – National Benchmark Test (NBT), unless they:

  • have attained the age of 23 before or during the first year of registration; OR
  • have been admitted on the basis of mature age; OR
  • are accessing a degree with a higher certificate, 240 or 360 credit diploma or advanced certificate; OR
  • have previously been admitted to degree studies elsewhere. OR
  • have enrolled on a distance programme- the writing of the NBT AQL test is recommended, but not compulsory.

A student’s Academic Literacy (AL) score of the AQL – NBT is used for placement in student support programmes and does not replace the admission requirements for a specific degree programme.

Applicants who achieve an AL score lower than 64 are required to register for and successfully complete the two Academic Literacy modules; namely Introduction to Scholarship A (ITSA) and Introduction to Scholarship B (ITSB). Applicants who do not write the AQL - NBT prior to admission will automatically be registered for ITSA and ITSB whether or not these are credit bearing modules in their qualifications. These candidates may, on provision of an AL - AQL - NBT score of 64 or above, be exempted from one or both the modules if and only if these are non-credit bearing modules in their qualifications. For candidates who are completing the modules as a result of the low AL- AQL - NBT score or who did not provide an AL-AQL - NBT score, successful completion of ITSA and ITSB is a prerequisite for registering for any third year modules and thus any student who has not completed ITSA or ITSB in their first year of study will be required to do so in their second year. Students enrolled on a distance programme will have access to these modules, but it would not be a pre-requisite for registering for any third year modules. Where ITSA or ITSB is credit bearing in the qualification concerned, successful completion of one or both (depending on the curriculum structure) is also a graduation requirement.

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.

With what qualification will I graduate?

You will graduate with The IIE Bachelor of Accounting degree.

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 to obtain a postgraduate qualification once I have completed The IIE BAC degree?

The IIE’s 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 at South African universities. The opportunity to apply for a postgraduate certificate/diploma or honours degree at Varsity College or any South African university exists subject to meeting specific programme entrance requirements.

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.

How do I find out more about these further study opportunities?

As a registered student at Varsity College, we will support you to explore the possible postgraduate options that align to your chosen career area. Each year we also provide our students with a postgraduate information pack. It is important to remember that your academic results remain a key factor when applying for further studies.

How is this Bachelor’s degree structured at Varsity College?

The IIE BAC 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.

In addition to attending lectures, you will be expected to spend time conducting your own study plan as well as research and work on assignments. Learning material is of the highest quality and offers students a blended learning experience where the face-to-face teaching sessions are supplemented with specific online learning activities, digital content/study material, relevant current textbooks and assessments.

To gain the most from the blended learning experience and VC’s Wireless classrooms and campuses, students are required to BYOT (Bring Your Own Technology) mobile device – netbook, laptop or tablet – to develop the necessary academic and digital literacies over the three years of this degree.

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

Documents detailing specific module outcomes per core discipline are available from the campus should you require these details.

Click here to download a detailed fact sheet about this programme.
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*SLP: Short Learning Programme



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