R26,818.00

course fees

First Year

3 - 6 Years

Duration

Anytime

Registration

Diploma in Management

Financial Accounting Electives Stream


Top Courses

SAQA ID 62949

NQF 6

Credits 380

Financial Accounting Elective records, summarises, and reports business transactions through financial statements for net income and the future of the business.

  • share to:

R26,818.00

course fees

First Year

3 - 6 Years

Duration

Anytime

Registration

Payment options available to you

Description

Financial Accounting is an elective stream of the Lyceum Diploma in Management. This selection follows the elective of Financial Accounting across the duration of study as a focus area.
The elective stream expands knowledge in key areas of marketing Management duties that include the recording, summarising, and reporting of business transactions through financial statements. These are statements such as Balance sheets, Income Statements, Cash-flow projections, etc.

The recording of business financial events is summarised to report on various business operations over time to indicate the business’ operating performance. Financial Accountants, in contrast to Financial Accountants, work directly for a business and not necessarily for themselves. Fulfilling company Financial Accounting utilises established accounting principles, e.g. Generally Accepted Accounting Principles (GAAP). These are selected based on compliance with regulation and reporting requirements for the context of the business. From this consistent information is generated for dissemination to investors, creditors, regulators, and income and value-added tax authorities.

Financial Statements in Financial Accounting represent five classifications of Financial Data:

  1. Revenue – reported in the income statement for money in-flowing from sales, investments, and interest
  2. Expenses – reported in the income statement for money outflowing to manufacturing, service providers, research and development, and payroll
  3. Assets – reported in the balance sheet as the resources owned and controlled by the business
  4. Liabilities – reported in the balance sheet as the company’s financial obligations, e.g. money owed to suppliers, wages, and loans
  5. Equity – the remaining value of the owner’s interest in the business after liabilities are deducted: Equity = Assets – Liabilities

Financial Accounting results in the determination of net income at the bottom of the income statement. The Balance Sheet reports the future of the business and uses Financial Accounting to reach that view.

Enrolment

Enrolment is the process that follows registration.  Registration performs an eligibility evaluation and collects all the required details and essential documents of proof. Once a candidate has been successfully vetted, payment takes place followed by enrolment on the Online Learning Management System.

Enrolment creates an online profile for the student that is emailed to inform.  Access to the programme is immediate and the student can commence studies.  However, a Student Welcome Call is made by a Student Success Coordinator who explains the environment, the allocation of an Online Academic Tutor, and the issue of a Student Planner to schedule learning, assignments, and examinations.

Accreditation and Schedule

This is a part-time diploma. It is accredited by the Council on Higher Education (CHE) and registered with the Department of Higher Education and Training (DHET) and SAQA. It must be completed between a minimum of three (3) years up to six (6) years.

Career Options

This elective stream, i.e., the Financial Accounting ads the focus area, through this elective, on maintaining internal and external forces acting on the business from the personnel perspective of managing people for better business performance.

With a Diploma in Management, Students can pursue a career as a:

  • Financial Manager
  • Financial Executive
  • Senior Accountant
  • Financial Investment Advisor
  • Actuarial Analyst
  • Business Advisor
  • Human Resources Practitioner
  • Marketing Manager
  • Entrepreneurial and Small Business Owner
  • Public Relations Manager (Private and Public Sector)
  • Media Consultant

Certification

Upon successful completion of your programme, you will receive a certificate depicting a Diploma in Management. An academic transcript accompanies. These documents are issued at the annual graduation ceremony.  These are also couriered to the student’s provided address.

Learner Material

The Diploma in Management is an online programme.

The pedagogy has been adapted for eLearning and utilises modern engagement practices to encourage retention and understanding through gamified quizzes, content presentation,  and assessments.

Materials, due to the online delivery of the programme, are digitally available from the Learning Centre.  Physical copies can be downloaded and printed by the Student.

Any prescribed materials, such as textbooks, can be purchased by the Student from physical or electronic bookstores.

*Textbooks are not covered by the course fees, and must be purchased separately.

Assessment

Assignments

Assessments consist of one assignment (formative assessment) and a final examination (summative assessment) for each subject.  Assignments must be passed, and any failed assignments attract a penalty fee to remark. Assignments are pre-requisites for the exam, that require registration. Assignments run within a prescribed time period.

  • Assignments contribute 60% towards the final mark

Failure to submit compulsory assignments on time results in a penalty fee that applies for a late submission.  Exams cannot be taken if assignments are not submitted.

A student who submitted assignments for a specific subject, and fails that subject, do not have to re-submit further assignments prior to writing the supplementary examination.  The assignment mark is automatically carried over.  However, if the assignment mark is low, and the student wishes to re-do the assignments, they may apply to Lyceum Online for the new assignments (at the prescribed fee) and may then re-submit the assignments on or before the new due date.

Exams

There are two examination opportunities within the contract period, in May and October.

  • Examination contributes 40% towards the final mark.

Basis

All assessments (formative and summative) are set and moderated by Lyceum Online Academics with exit level assessments moderated by external academics as required by the Council of Higher Education (CHE).

To qualify to write an examination, a student must have completed the formative assessments.  In the first year, it is a multiple-choice question assessment and a written assignment.  These are released to the students in the Learning Centre under assessments at the appropriate time in the academic calendar.  The student must use their MS-Office to write the assignment and submit it in PDF format in the Learning Centre.  The Online Academic Tutor (OAT) marks it online and gives student constructive feedback and grades

Fees & Re-writes

No examination fees are applicable for the first time you write any subject within the contract period, therefore if any subject is written for the second time within the same contract period, examination fees apply.

Students can select to write any number of subjects during the first or second examination opportunity. Should the student fail in the first opportunity; the exam can be rewritten upon payment of the prescribed supplementary examination fee. Failure to pass at the second opportunity, the examination can be written during the first chance of the next cycle only, upon payment of the supplementary examination fee.

Failure to pass exhausts all opportunities.  The student must re-register for the subject before a further examination may be attempted.

Progression

The Diploma in Management is an NQF Level 6 qualification that can be progressed onto a degree at NQF level 7.

Admission Requirements

Admission Requirements are as follows:

  • A Grade 12 Certificate with admission to diploma studies
  • An achievement rating of 3 (40% – 49%) in 4 recognised 20 credit-bearing subjects
  • Mathematics or Mathematical Literacy
  • English at grade 12/ NQF level 4 or equivalent
  • Age Exemption (23 years or older)
    • At least five years of post-Secondary School experience in the field in which the student wishes to study students can apply for RPL access.
      • Proof of English language proficiency
      • National Senior Certificate or equivalent
  • Mature age applicants, 45 years and older without a school leaving qualification, may apply for conditional exemption
  • Foreign Students whose first language is not English, may be required to provide proof of proficiency in English prior to admission to the programme.

Subjects

Compulsory

Business Communication
Concepts of Management Computing
Management 1
Financial Accounting 1
Business Law

Electives | Select one as per the chosen stream:

Internal Auditing 1

cash price

R24 0709,00

or per module

cash price

R4 011,00

terms price

R26 818,00

or per module

terms price

R4 469,00

Compulsory

Management 2
Project Management
Economics

Electives | Select two as per the chosen stream:

Corporate Law
Financial Accounting 2
Internal Auditing 2

cash price

R24 913,00

or per module

cash price R4 153,00

terms price

R27 758,00

or per module

terms price

R4 627,00

Compulsory

Management 3
Business Research

Electives | Select two as per the chosen stream:

Financial Accounting 3 (EL)
Taxation

cash price

R17 676,00

or per module

cash price

R4 419,00

terms price

R19 694,00

or per module

terms price

R4 923,00

NEED MORE INFORMATION ABOUT THIS COURSE?

Complete the fields below to receive the course information pack. *Required fields
By providing us with your contact details, you agree to the use of your data as described in our terms and conditions to receive communications. You may opt out of receiving communications at any time.