Financial accounting is the field of accounting concerned with the summary, analysis, and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use.
| Qualification stream: | School subject combination: Financial Accounting |
| Qualification code: | 90104 – FAC |
| NQF level: | 7 |
| Total credits: | 480 |
| SAQA ID: | 103108 |
| APS/AS: | 23 |
| Maximum time to complete this qualification: | 10 years |
Qualification admission requirements
Your admission to Unisa is dependent on you meeting the specific admission requirements for your chosen qualification.
A National Senior Certificate (NSC) (Degree endorsement) with at least 50% in the language of teaching and learning and at least 40% in Mathematics OR 50% Mathematical Literacy
or
a Senior Certificate (SC) with matriculation exemption or qualify for the exemption from the Matriculation Board with at least a D symbol on HG or a C symbol on SG in the language of teaching and learning and at least 40% Mathematics (HG) or 50% Mathematics (SG
or
a National Certificate Vocational (NCV) level 4 with at least 60% in three fundamental subjects including the language of teaching and learning; 70% in four vocational subjects chosen from the NCV level 4 subjects. Subjects under the following categories are approved as eligible for a BEd degree: All official languages at First Additional Language level, Agriculture and Nature Conservation, Business, Commerce and Management Sciences Services, Education, Training and Development.
Applicants who do not comply with the above requirements should consider applying for a Higher Certificate in Education if they meet the statutory and additional requirements.
PLEASE NOTE: ONLY a Higher Certificate in Education articulates into this program.
Student fees and funding your studies
Application fee
Pay the application fee once you’ve received your student number:
R120 for online applications
Use the student number you receive from Unisa AND the application fee reference number (ie STUDENT NUMBER 5370810030)
Send the proof of payment to susdepid@unisa.ac.za
Visit www.unisa.ac.za/paymentinfo for banking details and payment information.
Please note that this application fee is non-refundable even if you decide not to study through Unisa, do not qualify for admission to Unisa or cannot be offered a space due to limited spaces available.
Student fees
Click here to find out more about Unisa’s student fees, and the bursaries and loans for Unisa students.
Apply for admission
Applications for admission to Unisa’s undergraduate qualifications (higher certificates, advanced certificates, diplomas, advanced diplomas & degrees) will be open from 11 August to 15 October 2022.
Please take note of the following:
All applications for admission must be submitted online. No self-help stations will be available for applications.
Admission to a qualification is not automatic. It will depend on whether you comply with the admission requirements and if space is available.
Additional support for this qualification via TVET colleges
Unisa has an agreement with various Technical Vocational Education and Training (TVET) colleges to offer classes in a selected number of qualifications. These classes have proved to generally improve the throughput rate of students who enroll for them.
Take note of the following:
Make sure that your TVET college of choice offers support in your qualification.
Apply for admission during Unisa’s application period via your TVET college or via Unisa.
Registration
Unisa will send the necessary information about registration dates and the registration process to all successful applicants who have confirmed their acceptance of Unisa’s offer. Visit www.Unisa.ac.za/register for registration information.
What are the types of financial accounting?
There are two types of financial accounting: cash and accrual accounting.
Both methods use double-entry accounting to accurately record financial transactions. While very small businesses frequently use cash accounting, all larger businesses, as well as publicly traded businesses, are required to use accrual accounting.