Financial Management Honours Brochure 2022 Final - zp202971
Financial Management Honours Brochure 2022 Final - zp202971
CONTENTS............................................................................................................................. 1
1 INTRODUCTION ................................................................................................. 2
1.1 Summary Guidance on Postgraduate Selection for the BComHons in Financial Management
Sciences ........................................................................................................... 2
1.2 The BComHons Financial Management Sciences ....................................................... 3
2 REQUIREMENTS FOR ADMISSION TO HONOURS STUDY ........................................ 3
2.1 Faculty Admission Requirements ............................................................................ 3
2.2 Degree Specific Admission Requirements ................................................................. 4
2.2 Requirements Specific to International Applicants ....................................................... 5
3 APPLICATION PROCESS AND CLOSING DATES ..................................................... 5
3.1 General ............................................................................................................. 5
3.2 Timeline and Closing Dates ................................................................................... 6
3.3 Applications Enquiries .......................................................................................... 6
3.4 Entrance examination ........................................................................................... 6
4 FINANCIAL SUPPORT TO POSTGRADUATE STUDENTS .......................................... 7
5 GENERAL ENQUIRIES ........................................................................................ 7
6 REGISTRATION FOR HONOURS STUDIES ............................................................. 7
7 COURSE COMPILATION ...................................................................................... 7
8 LECTURE TIMES AND DATES .............................................................................. 7
9 FULL TIME VERSUS PART TIME STUDENTS .......................................................... 8
10 LANGUAGE MEDIUM .......................................................................................... 8
11 SUBJECT CONTENT ........................................................................................... 8
11.1 Research Report (FIN 704) .................................................................................... 8
11.2 Advanced Corporate Finance (FIN 701) .................................................................... 8
11.3 Strategic Management Accounting (FIN 702) ............................................................. 9
11.4 Corporate Performance and Risk Management (FIN 703) ............................................. 9
12 PROFESSIONAL TRAINING .................................................................................. 9
12.1 CIMA – Chartered Institute of Management Accountants Is all this information still relevant?
Can anything be changed or excluded to make it shorter? ............................................. 9
APPENDIX A ......................................................................................................................... 11
APPENDIX B ......................................................................................................................... 14
APPENDIX C ......................................................................................................................... 15
APPENDIX D ......................................................................................................................... 15
APPENDIX E ......................................................................................................................... 16
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1 INTRODUCTION
1.1 Summary Guidance on Postgraduate Selection for the BComHons in Financial Management
Sciences
The detail selection guidance set out below, should be read in conjunction with the Postgraduate Selection
Regulation contained in the postgraduate yearbook of the Faculty of Economic and Management Sciences.
Should you not have access to this document, please click here before proceeding or go to
http://www.up.ac.za/new-students-undergraduate/article/268887/jaarboek-inligting. In essence, the minimum
selection requirements of the BComHons in Financial Management are the following:
Final year students from Completed Bachelor of Commerce in Financial Management degree
the University of Pretoria before commencement of the Honours degree; and
A weighted average of 65% for the following modules at 300 level:
- Financial Management (FBS); and
- Financial Accounting (FRK) or Business Accounting (BAC).
All other applicants Completed relevant Bachelor of Commerce degree before
commencement of the Honours degree; and
A weighted average of 65% for the following modules at NQF new level
7 (final year at most institutions):
- Financial Management; and
- Financial Accounting; and
Write the Financial Management Exemption Evaluation and achieve a
mark of at least 65%.
b. SELECTION PROCESS
The selection requirements set out in the introductory paragraph are applied to the two categories
stipulated in that section.
Applicants that meet the admission requirements (final year BCom Financial Management UP students
plus all other applicants) are collectively ranked based on the admission requirements. In the event that
more than 50 applicants meet all the minimum admission requirements, the top 50 applicants, based on
the average mark for Financial Management and Financial Accounting in the third year or marks obtained
in the evaluation exam, will be selected.
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1.2 The BComHons Financial Management Sciences
Obtaining the degree BComHons Financial Management Sciences is the first important step on the postgraduate
study ladder. The career opportunities in the financial discipline are numerous. The majority of decisions taken by
the management of all business concerns have a financial implication. Therefore a strong foundation of the financial
discipline is required for people to approach and solve business decisions on a scientific basis. Postgraduate study
could make a significant contribution to this with graduates who:
have the underlying scientific knowledge of the financial discipline;
are willing to identify and accept opportunities and challenges in the financial world; and
are willing to work hard and obtain the required experience.
No university can claim to produce ready-made financial managers. This is also not the purpose of the postgraduate
training in Financial Management Sciences at the University of Pretoria. A large part of that which the student must
ultimately know and be to qualify as successful manager, can only be instilled by practical experience and personal
development. The main requirement, however, is that the student must have the potential ability to eventually fill a
management position. The student therefore needs to be prepared for this goal. He or she needs to get a broad
perspective of the many variables he will have to deal with as a financial manager.
An applicant must meet the following criteria to be eligible for the BComHons Financial Management Sciences:
Faculty admission requirements;
Degree-specific admission requirements; and
Requirements specific to international applicants.
The following admission requirements are applicable to all applicants who wish to be considered for a
BComHons degree at the University of Pretoria, Faculty of Economic and Management Sciences:
Mathematics at Grade 12 level or another qualification in Mathematics, Statistics or Mathematical
statistics deemed adequate by the head of department.
A pass mark in the following modules (or equivalent as deemed by faculty administration):
• Financial Accounting 1;
• Economics 1;
• Statistics 1; and
• One of the following:
Business management 1; or
Marketing management 1; or
Public administration 1; or
Industrial and organisational psychology or equivalent modules passed at another
institution as approved by the Departmental Postgraduate Selection Committee in
consultation with the Dean.
The Departmental Postgraduate Selection Committee concerned, reserves the right to set additional
admission requirements.
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2.2 Degree Specific Admission Requirements
The following section describes the application process. It includes relevant closing dates, an application
checklist and contact information should you have any specific queries. Should an applicant not submit all
the required supporting documents by the admission deadline, the application will be deemed
“Incomplete”. Only complete applications will be evaluated by the Department of Financial Management.
3.1 General
See Appendix E for the steps to Apply Online. For current student see Appenix C.
Applicants must complete an application for every degree they wish to be considered for. Should an applicant,
for example, wish to apply for BComHons Financial Management Sciences and BComHons Investment
Management, an application for each of the degree programs is required. International applicants must meet
additional application requirements. Please refer to the section “Requirements specific to international applicants”.
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3.2 Timeline and Closing Dates
Date Event
31 August 2021 Closing date for international applications
For information regarding the structure and content of the entrance examination see Appendix B.
Please note that only applicants that meet the degree-specific admission requirements as mentioned in Section 2.2
may be invited to write the entrance examination.
Important: Applicants can only write the entrance examintaion on the UP campus on the date and time specified.
It is the applicant’s responsibility to ensure availability. No special arrangements regarding different times or locations
can be accommodated.
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4 FINANCIAL SUPPORT TO POSTGRADUATE STUDENTS
5 GENERAL ENQUIRIES
Registration can take place online or in person. Please refer to faculty communication. Note especially the times
when candidates must submit their completed registration forms after payment of the applicable deposits. For
online registration and contract enquiries, please contact: Ms Khomotso Matabane
[email protected] / 012 420 3064.
7 COURSE COMPILATION
Modules Credits
FIN 704 Research Report 704 30
FIN 701 Advanced Corporate Finance 701 30
FIN 702 Strategic Management Accounting 702 30
FIN 703 Corporate Performance and Risk Management 703 30
Total 120
Note: All modules are compulory
The University of Pretoria is a residential university and not a distance learning institution. Attendance of lectures
and assessments are compulsory and students will be required to report to campus when COVID-19 restrictions
allow it. Students will not be able to complete the programme BComHons Financial Management Sciences online
or via distance learning.
The honours lecture timetable as well as the test timetable will be made available at the beginning of the 2022
academic year.
Complusory lectures are scheduled for Monday-Thursday at 15:30-17:30 in the afternoons. Students will be
required to be available for other meetings and activities during business hours on an ad hoc basis.
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9 FULL TIME VERSUS PART TIME STUDENTS
A full-time student is a student that intends to complete the BComHons degree over one year while a part-time
student does so over two consecutive years. However, due to the strenuous nature of the programme, it is not
recommended that students work full-time while studying towards this degree. It is recommended that a student with
full-time work commitments complete the program part-time (i.e. over two consecutive years).
A student who registers as a full-time student in the first academic year may, due to whatever reason (i.e. work
opportunity, etc.), decide to deregister certain subjects and continue part-time, therefore completing the degree over
two years. Do note that this may result in fees still being due for deregistered subjects in the applicable academic
year.
A student for an honours degree must however complete his or her study within two years. A student must also
pass at least two modules in the first year to be allowed to continue to the second year. Attendance of lectures
and assessments are compulsory, part-time students will not be able to complete the modules via distance
learning.
If you decide to study part-time, we recommend that the following subjects are taken in the first year of
study:
FIN 702
FIN 703
10 LANGUAGE MEDIUM
The honours programmes in the Department of Financial Management are presented in English.
11 SUBJECT CONTENT
12 PROFESSIONAL TRAINING
12.1 CIMA – Chartered Institute of Management Accountants Is all this information still relevant? Can
anything be changed or excluded to make it shorter?
Acquiring the degree BComHons Financial Management Sciences is the first step in the international
professional world of the Chartered Management Accountant. The Chartered Institute of Management
Accountants (CIMA) is the professional body of the Chartered Management Accountant with its headquarters in
the United Kingdom.
The CIMA qualification will equip you with the skills and strategy you need to operate in today’s dynamic financial
environment. It will also give you the ability and knowledge required by modern organisations, which need to be
both strategic and reactive in ever changing markets.
CIMA members are attractive to business because they have a wide and varied skills set. CIMA students come
from a diverse range of academic disciplines, not necessarily related to business or numeracy.
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Undoubtedly, CIMA is for those looking to gain more than traditional accounting skills, clearly differentiating it
from other accountancy bodies. Completing the qualification will enable you to interpret data and convert it into
meaningful information needed to drive organisations into the future. You will understand the dynamics of how
economics work and grow, how the mechanisms of the market system work and how organisations can exploit
an ever more turbulent business environment. By gaining this knowledge means that your career potential goes
far beyond pure finance. You could be involved in strategic planning, business analysis or consulting.
Year after year, the world’s most prestigious employers put CIMA at the top of their list of preferred finance
qualifications. CIMA could be your passport to career success in any field you choose: commerce, financial
services, consultancy, government, the public sector or manufacturing.
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APPENDIX A
Subject Comparison
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UNIVERSITY OF PRETORIA DEGREE YOUR DEGREE
Subject(s) Name corresponding with UP subjects
SUBJECT (Summary of Curriculum)
(Add copy of your Curriculum)
Financial Accounting III
(FRK 311) Financial Accounting 311 (4 l.p.w.) (14 weeks)
(20 credits)
Preparation and presentation of company annual financial
statements in compliance with the requirements of Statements
of Generally Accepted Accounting Practice relating to the
following: income taxes; property, plant and equipment;
impairment; non-current assets held for sale; intangible assets;
investment property; borrowing costs; leases; accounting
policies, changes in accounting estimates and errors; segment
reporting; certain aspects of financial instruments.
(FRK 321) Financial Accounting 321 (4 l.p.w.) (14 weeks)
(20 credits) Preparation and presentation of company annual
financial statements in compliance with the requirements of
Statements of Generally Accepted Accounting Practice relating
to the following: the effects of changes in foreign exchange
rates; earnings per share; related party disclosure; associates.
Complex consolidation issues, including intra-group -
transactions; dividends; preference shares; revaluations;
horizontal, vertical and mixed groups; insolvent subsidiaries;
change of interest; consolidated cash flow statement
Financial Management II
(FBS 210) Financial Management 210 (3 l.p.w.) (14 weeks)
(16 credits) Framework and purpose of financial management;
understanding financial statements, analysis of financial
statements for decision making; time value of money; risk and
return relationships; business valuation; short-term planning;
current asset management; long- term financing decisions.
(FBS 220) Financial Management 220 (3 I.p.w.) (14 weeks)
(16 credits)
The purpose and functioning of management accounting, cost
classification; the determination of product costs including raw
material costs, labor costs, overheads and its allocation
according to traditional and activity-based costing methods,
inventory management, the accumulation of costs according to
job and process costing systems, the treatment of joint and by-
products and the determination of costs according to a direct
and absorption costing approach; decision-making with
reference to cost-volume profit ratios, relevant costs, risk and
uncertainty.
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UNIVERSITY OF PRETORIA DEGREE YOUR DEGREE
Subject(s) Name corresponding with UP subjects
SUBJECT (Summary of Curriculum)
(Add copy of your Curriculum)
Financial Management III
(FBS 310) Financial Management 310(3 l.p.w.) (14 weeks)
(20 credits)
Standard costing with reference to application and evaluation;
preparation and evaluation of plans, budgets and forecasts;
techniques for allocating and managing resources; costing and
accounting systems evaluation; techniques used in
management decision making; new developments in business
and management accounting; case study perspective.
(FBS 320) Financial Management 320 (3 l.p.w.) (14 weeks)
(20 credits)
Cost of capital; determination of capital requirements and the
financing of a business to maintain the optimal capital structure;
the investment decision and the study of financial selection
criteria in the evaluation of capital investment projects; impact
of inflation and risk on capital investment decisions; evaluation
of leasing decisions; dividend decisions; international financial
management.
(FBS 321) Financial Management 321 (3 l.p.w.) (14 weeks)
(20 credits)
Incentive schemes. Activity-based costing and service
departments. Budgeting: Zero- based budgeting, activity-based
budgets and IT, behavioural issues, rolling budgets, time series
analysis. Cost systems: Throughout accounting, resource
planning and MRP and ERP systems, back-flush accounting.
Standard costing: Mix, yield, planning and operational, sales
price and sales revenue variances, standards and variances in
service industries, benchmarking, behavioural implications.
Capita selecta.
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APPENDIX B
UNIVERSITY OF PRETORIA
DEPARTMENT OF FINANCIAL MANAGEMENT
The purpose of the evaluation of prospective students is to ensure that candidates have the necessary
insight in the subject matter. This implies that it is not a test that you need to study for per se. A simple
review of your undergraduate studies is sufficient. The purpose of the test is to evaluate the inherent
knowledge that is expected from a student studying for an honours degree in Financial Management
Sciences.
Alternative books you may have used for Corporate Financial Management and Management
Accounting studies in your second and third year should be sufficient.
2.2 Topics
3. DECISION
APPENDIX C
ONLINE APPLICATION:
The following steps applies to current, final year students at the University of Pretoria:
To ensure that your application was sent of successfully, return to the Student Services Center and scoll down
to Admission Status. The course (s) for which you applied will appear there.
Students from other universities or that are not currently studying at the University of Pretoria, Do an
online application on www.up.ac.za/apply and pay the application fee.
APPENDIX D
APPLICATION STATUS:
To view whether your honours application has been accepted or declined, kindly follow these steps:
2. Click on "MyTUKSLogin"
3. Enter your username which is normally a "u" or a "p" and then your student number. If you are a new user
and do not have a password yet, click on new user and follow the prompts.
4. Once you have logged into the UP Portal, click on "Student Online Services" (SOS)
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APPENDIX E
Go to www.up.ac.za
Click on Study
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