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Professional Certificate in Accountancy

The Independent Institute of Education (The IIE)

The IIE Professional Certificate in Accountancy is effectively a bridging programme into the Chartered Accountancy
pathway both offered at The IIE MSA. 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
Postgraduate Diploma in Accounting (PGDip (Accounting)) programme. The programme also focuses, to a large extent, on
readiness preparation for the PGDip (Accounting) programme offered at The IIE MSA, to increase the successful
student’s chances of passing the PGDip (Accounting), also offered at The IIE MSA, in as short a time possible.

The Professional Certificate in Accountancy (PCA) comprises four compulsory full-year modules and no elective
modules. Successful completion of the Professional Certificate in Accountancy requires a pass mark of 50% for each of
the four modules. In order to qualify for entry into the Postgraduate Diploma in Accounting (subject to the entry
requirements of the Postgraduate Diploma in Accounting), a pass mark for all four modules must be achieved in the same
examination period. The four compulsory modules are:

Financial Reporting

This module focuses on the application of International Financial Reporting Standards (IFRS) at an advanced level.

Tax

This module 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

This module aims to provide tools that support analytical reasoning that contributes to effective management and
decision-making in the context of real world scenarios. The module draws on a broad understanding of the economy,
strategy and risk management.

Corporate Governance & Auditing  

This module 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.

What is this Certificate’s accreditation status?

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.

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 entry requirements will I need to study this Professional Certificate in Accountancy?

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 The IIE MSA as yet, will be granted entry into the
    Professional Certificate in Accountancy (PCA).
  • Applicants who have successfully completed their bridging programme in Accounting at a SAICA-accredited
    institution but do not qualify to enter the Postgraduate Diploma in Accounting offered at The IIE 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 offered at The IIE MSA based on its entry requirements, will
    be granted entry into the PCA.

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-Accountancy
field of study (e.g. financial management, investment management, etc.), or applicants who have completed and
Accounting degree that is not accredited by SAICA, will be granted provisional entry into the PCA, subject to the
approval of the Programme Coordinator.

Please note, requirements for entry to this qualification are correct at the time of printing, however, these may
change.

How is this Professional Certificate in Accountancy structured at The IIE MSA?

The IIE Professional Certificate in Accountancy is a one-year certificate. The academic year runs from February to
November. The modules are delivered on a part-time basis (with lectures and tutorials being scheduled online during
the evening from Monday to Thursday).   

Please note that in line with academic practice, The IIE’s curriculum is reviewed annually and thus changes may
occur in module structure and sequence in order to ensure that the qualification remains relevant. Registered students
receive an updated programme curriculum on an annual basis.

What about timetables?

The IIE Professional Certificate in Accountancy can be completed in 1 year, and modules are delivered on a part-time
basis. The academic year runs from February to November.

As far as possible timetabling is designed to accommodate student needs, but timetables remain subject to change
throughout the year. Unfortunately, there is no guarantee that timetable structures will remain the same during the
course of your studies. Class attendance is compulsory.

What must I pass in order to successfully complete this certificate?

In order to be awarded this certificate, you must have achieved a minimum final year mark of fifty percent (50%) for
each of the four core modules of the programme.

How long do I have to complete this programme? 

Students have a maximum of 1 year to complete this qualification. Students may, in exceptional circumstances, be
allowed to re-register for the full programme.

With what qualification will I graduate?

You will graduate with The IIE Professional Certificate in Accountancy.

Career opportunities: what career areas can I pursue once I have completed this certificate?

This professional certificate will open up an attractive range of career options. The Professional Certificate in
Accountancy is a perfect steppingstone to a diverse and exciting range of career opportunities, such as:

  • Professional accountancy;
  • Consulting in Taxation, Management Accounting, IFRS, Auditing, etc.;
  • Finance functions, such as Financial Manager (FM);
  • Academia (teaching and learning, research and community-based involvement).
  • Many more.

Would it be possible to study further and obtain another postgraduate qualification once I have completed The IIE
Professional Certificate in Accountancy?

The opportunity to apply for The IIE Postgraduate Diploma in Accountancy exists subject to meeting the specific
programme entrance criteria.

It is important to remember that your academic results remain a key factor when applying for further studies.

Call the IIE MSA campus to discuss your career options with one of our Student Advisors.
Tel: +27 11 950 4009 or email enquiries@iiemsa.co.za    

Disclaimer:  Please note that this fact sheet is accurate at the time of publication.  The Independent
Institute of Education (The IIE) reserves the right to alter any of the content prior to commencement of registration
due to changes in regulation, policy, market requirements or any other valid reason.