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The Core Component
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The Core Component
The core component is structured around the ACCA curriculum (Model 1), the CIMA curriculum (Model 2) or CA(SA) curriculum (Model 3). Every entrant is guided to pick one at the time of admission.
MODEL 1 (ACCA Core Component)
The primary purpose of the ACCA qualification is to prepare learners to practice as professional accountants within any sector of the economy in South Africa or globally. The structure of the syllabus comprises foundational level, skills and professional levels designed to assist learning and understanding and to ensure that learners develop an appreciation of the development and interdependence of levels and subjects.
Together, the examination syllabus, ethics module and practical experience requirements focus on the learner's ability to satisfy the technical, managerial, interpersonal and ethical requirements of a professional accountant and require the learner to adopt an analytical and critical approach.
To complete the ACCA qualification for the purpose of the FYLA Programme, and be able to use the Chartered Certified Accountant (CCA) designation, students need to complete:
- minimum of 14 exams
- experience - record 36 months' experience in a relevant role which can be gained before, during or after your studies.
- ethics - the Professional Ethics module.
On your way to ACCA membership, there are lots of qualifications you can achieve along the way. This is a great way to show your knowledge and skills to employers and helps keep you on track and motivated. You can achieve:
- Certificate in Accounting and Business
- Diploma in Accounting and Business
- Advanced Diploma in Accounting and Business
- BSc (Hons) degree in Applied Accounting awarded by Oxford Brookes University
For more details about the ACCA qualification download:
- ACCA Qualification Structure
- ACCA modules, learning outcomes and syllabus
- Articles/practical experience requirements
- ACCA qualification on SAQA website
MODEL 2 (CIMA Core Component)
The primary purpose of the CIMA qualification is to prepare learners to practice as professional management accountants in all sectors in South Africa and globally. It equips learners to advise managers about the financial implications of projects; explain the financial consequences of business decisions; formulate business strategy; monitor spending and financial control; conduct internal business audits; explain the impact of the competitive landscape and bring a high level of professionalism and integrity to business.
The CIMA qualification comprises 3 pillars of domain knowledge divided into three levels of achievement. The pillars are enterprise, performance and finance. The levels are certificate, operational, management and strategic. When combined with the required practical experience, the CIMA qualification ensures that members are business ready.
To complete the CIMA qualification, and be able to use the Chartered Global Management Accountant (CGMA) designation, students need to:
- minimum of 14 object test exams & 3 case study exams
- complete 3 years of relevant practical experience, which can also be gained before, during and/or after studies.
On your way to CIMA membership also, there are lots of qualifications you can achieve along the way. This is a great way to show your knowledge and skills to employers and helps keep you on track and motivated. You can achieve:
- Certificate in Business Accounting
- Diploma in Management Accounting
- Advanced Diploma in Management Accounting
For more details about the CIMA qualification download:
- CIMA Qualification Structure
- CIMA modules, learning outcomes and syllabus
- Articles/practical experience requirements
- CIMA qualification on SAQA website
MODEL 3 (CA(SA) Core Component)
Becoming a Chartered Accountant is your gateway to a stimulating and exciting career. The CA (SA) designation provides not only excellent career opportunities, but also great earning potential and international mobility.
The journey towards a CA (SA) professional qualification includes three major steps. These are: (1) obtaining the necessary university qualifications, (2) completing a learnership programme, and (3) completion of two final professional examinations administered by SAICA. Our FYLA program allows you to obtain the necessary SAICA-endorsed university qualification through Unisa’s College of Accounting Sciences. The necessary SAICA-endorsed qualifications are:
- Bachelor of Accounting Sciences in Financial Accounting (98302); followed by
- Postgraduate Diploma in Applied Accounting Sciences (98255) (direct entry to students qualifying for the one-year CTA programme - All five modules linked to this qualification must be completed in one academic year to thereby meet the admission requirements of SAICA’s first professional examination as described below.)
A 3-year learnership programme should be completed with a registered training office. The final two steps on your pathway to becoming a CA(SA) are to pass two Qualifying Examinations, namely the Initial Test of Competence (ITC) and the Assessment of Professional Competence (APC). To qualify for entry to the ITC, a candidate must have completed a CTA. To qualify for entry to the APC, a candidate must have passed the ITC, completed a minimum of 20 months of a registered training contract, and successfully completed a professional programme with a registered provider.