Study Chartered Accounting at Rhodes University, South Africa
The Rhodes University Department of Accounting is one of 13 universities in South Africa that has been accredited by the South African Institute of Chartered Accountants to train students for their qualifying examinations for admission as chartered accountants.
Rhodes University’s accounting degrees offer international best practice standards
In 2001 the European Commission adopted the International Financial Reporting Standards (IFRS) as the basis of financial reporting for all listed companied. Through the IFRS, numerous disparate national systems have since been discarded in preference for two global-scale systems of financial reporting – IFRS and Generlly Accepted Accounting Principles (GAAP) – allowing investors to make investment decisions on a global scale based on internationally comparable financial reports.
Placing themselves at the forefront of the movement for the adoption of the IFRS, South African trained chartered accountants are well-versed in the IFRS and are highly regarded world-wide, with approximately 25 percent of them currently employed in the United Kingdom, Canada, Australia and United States.
Any discussion document, exposure draft, or IRFS approved for use in South Africa carries the official seal of the International Accounting Standards Board in the English language, which is also the medium of instruction at Rhodes University.
Rhodes students excel in Chartered Accounting qualifying examinations
Rhodes University students have consistently achieved outstanding success in the two national qualifying examinations. In 2007 Rhodes students taking the Part 1 examination for the first time came first in the Management Accounting and Finance component. Rhodes students also came third in the overall Part 2 examination written in 2007.
To write the first qualifying examination, four years of study is required at an accredited university such as Rhodes University’s Department of Accounting.
These accredited courses also grant exemption for most of the intermediate-level modules of the Chartered Institute of Management Accountants (CIMA).
Further accounting studies at Rhodes
In addition to the Postgraduate Diploma in Accountancy (equivalent of the Certificate in the Theory of Accountancy), the Rhodes Department of Accounting also offers a Postgraduate Diploma in Taxation. This program has become a popular choice among students who do not wish to qualify as chartered accountants.
The department also offers a Masters degree in Taxation. This degree is done by coursework and thesis on a part-time basis and is increasingly being recognised by the profession.
The department contributes to research in the field of accountancy through regular conference presentations, contributions to text books and publications in journals.
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Why choose Rhodes University?
Situated on a picturesque campus in a small university-oriented town, Rhodes University offers many advantages to foreign students wishing to further their studies. A well-structured traditional residence system accommodates some 2700 students in a nurturing campus environment. The Rhodes Campus is small enough to allow students to easily reach all academic and social venues on foot, thus relieving the expense of running a car. For those who live in private student accommodation, many of the Grahamstown residential areas are also within walking distance of the University campus.
A staff to student ratio of one lecturer to 15 students places students in unusually close contact with their lecturers. Arising out of a learning environment that fosters such fellowship between lecturers and students, Rhodes University has the highest undergraduate pass rate of any university in South Africa. Per capita, it also has the highest research output in the country and produces more Rhodes Scholars than any other South African institution.
Rhodes University has thus earned a world-wide reputation for the high quality of its education and all Rhodes degrees are internationally recognised.
Rhodes University Deparment of Accounting entry requirements for foreign students
Foreign students with degrees might qualify for exemption from writing certain subjects depending on the credits they obtained at undergraduate level. However, at least two years of study at Rhodes University would ordinarily be required in order to write the national qualifying exam for Chartered Accountants.
Tuition fees for each of the four years of study are approximately R26 000 ($3300) per annum plus a premium charge due to the fact that foreign students are not subsidised by the South African Government. See the Rhodes website http://www.ru.ac.za/fees for up to date information on student fees.
Entry requirements for the Rhodes University BCom (Accounting) and the Postgraduate Diploma in Accountancy (PDipAcc)
The following entry requirements apply for studies commencing in 2009.
This is the specialised three-year undergraduate degree for candidates who wish to qualify as chartered accountants. This degree is followed by a one-year Postgraduate Diploma in Accountancy (CTA equivalent).
For admission to the BCom (Accounting), prospective learners must comply with the following minimum requirements:
• English (as a home language or additional language), and another language both at rating 4 or above.
• Either Mathematics at rating 4 or above or Mathematical Literacy at rating 5 or above. Mathematics is strongly recommended as opposed to Mathematical Literacy.
• Three other subjects, one of which must be from the designated list at rating 4 or above.
• Life Orientation must be at least at rating 3.
• Admission Points System (APS) total must be 30 or above. Applicants with 30-35 points will be admitted at the discretion of the Dean. Applicants with more than 35 points will obtain automatic acceptance.
Postgraduate Diploma in Accountancy (PDipAcc)
This is the specialised postgraduate diploma for candidates who wish to qualify as chartered accountants.
For admission, learners are required to achieve at least the following results at the third year level of the undergraduate degree.
Financial Accounting 3: 60%
Management Accounting and Finance 1: 55%
Taxation 1: 55%
Auditing 1: 55%
A degree of flexibility may be observed in the application of the abovementioned criteria.
The department reserves the right to, as a result of capacity constraints, limit the number of candidates admitted to the Postgraduate Diploma in Accountancy.