Home > Programmes > Postgraduate Programmes > MCom Financial Reporting, Analysis & Governance 
MCom Financial Reporting, Analysis & Governance 
Home > Programmes > Postgraduate Programmes > MCom Financial Reporting, Analysis & Governance 

Master of Commerce specialising in Financial Reporting, Analysis & Governance [CM031ACC13]

Who should do this MCom?

If you are aspiring to be a Chief Financial Officer, Audit Partner, Board Member, Regulator or Academic, this qualification will equip you with the skills that will both help prepare you for those roles and set you apart from others. This qualification focuses on real-world applications and enhances the skills required to achieve leadership in accounting, corporate financial analysis, and corporate governance decision making.

All course content also explores different philosophical and methodological approaches to research with a view to helping you understand the logic and rationale of different research perspectives. This enables you to undertake demanding investigations, collect, organise and analyse data, and effectively progress in the writing of your research dissertation. These are value-adding skills in all areas of business.

For an interactive overview of the programme please check out this brochure. 

MASTER OF COMMERCE

 

Entrance requirements

A HEQSF level 8 qualification in Accounting/Finance or relevant work experience in Accounting/Finance or a CA(SA). Applicants may be required to present themselves for an interview. You can apply now by emailing applyonline@uct.ac.za.

Applications close on 31 October 2020 for the new intake in 2021. For enquiries, contact the programme administrator at olivia.europa@uct.ac.za.

Programme outline

The programme is part-time through coursework and a minor dissertation. There are three compulsory coursework modules that are presented over a one-week period each. The fourth compulsory course is presented in conjunction with each of the three courses as listed below.

  • Week 1 - Corporate financial analysis 

    Students will be enabled to analyse a company effectively within its respective industry, market and macroeconomic environment. Key insights into monetary policy, financial analysis and both technical and fundamental analysis will be employed. Concurrently, an evaluation of the role of manager and investor sentiment on perceived company performance and financial statement presentation will be discussed.

  • Week 2 - Financial and external reporting

    Understanding how external reporting meets the needs of the public interest and contributes towards the reporting entity’s value creation process is the aim of this course. Students will be exposed to different types of reports and will be required to develop an understanding of the basis on which they are prepared, including critical analysis of their content.

  • Week 3 - Corporate governance and risk management 

    This course equips students to identify and exploit opportunities while reducing risks (strategic, operational, financial, marketing, legal, environment, etc.) in pursuit of an entity’s overall objectives. Students will analyse the leadership process of the board or other governing body, analyse the role of the audit committee and review the role of the internal audit function.

  • Weeks 1 to 3 - Research methodology

    The aim of this course is to equip students with a range of skills to prepare them for writing their dissertations. During the course, students will write their research proposal, under the guidance of a supervisor, and present it to a panel of academics and students. In doing so, they will develop the skills to conceive a research idea and acknowledge earlier research in the field. The course will offer you guidance on how to undertake intricate investigations as well as enable you with the ability to collect, organise and analyse data. The research methodology seminars run concurrently with the coursework modules in weeks 1 to 3. However, you will be required to present their research proposal at one additional session and attend one other research proposal session


Duration

Students will register for and complete all compulsory coursework in year 1. The preferred option is to register concurrently for the research dissertation in year 1. As an exception, students may elect to register for the dissertation in year 2.

Prescribed curriculum structure

The minimum number of credits required is 180.

Year 1 | Course code and name NQF Credits HEQSF Level
ACC5023H Financial and External Reporting 30 9
ACC5020H Corporate Financial Analysis 30 9
ACC5025H Corporate Governance and Risk Management 30 9
ACC5022H FRAG Research Methodology 10 9

 

Year 2 | Course code and name NQF Credits HEQSF Level
OPTION 1 :    
ACC5001H Topics in Accounting and Governance           30 9
ACC5051W Minor dissertation (60 credits) 30 9
OR OPTION 2 :    
ACC5050W Minor dissertation Accounting (90 credits) 90 9

Course Overviews :

  • ACC5023H FINANCIAL AND EXTERNAL REPORTING

    Course convener: TBA

    Course outline:

    The aim of this course is to enable students to; develop insights into the way in which financial reporting standards are developed and the current status of International Financial Reporting Standards, develop and implement accounting policies where the standards are silent, and critically discuss the financial reporting requirements of various entities. Furthermore, by the end of this course, students should be able to prepare and critically evaluate integrated report as well as other external reports that a Chief Finance Officer may be required to produce.

  • ACC5020H CORPORATE FINANCIAL ANALYSIS

    Course convener: TBA

    Course outline:

    The aim of the course is to enable students to develop key insights into strategy, financial analysis, forecasting, financial modeling, valuations, and credit analysis. The focus is on decision making in the real world and students are placed in business situations, which require a decision. Students will be required to analyse South African, USA, UK and Australian companies.  Students will be required to employ financial analysis to evaluate mergers and acquisitions as well undertake financial analysis of selected industry sectors.  Students will also be introduced to value investing strategies, investor sentiment and financial metrics.

  • ACC5025H CORPORATE GOVERNANCE AND RISK MANAGEMENT

    Course convener: Goolam Modack

    Course outline:

    This course will enable students to design and implement the entity’s governance structure through critical analysis of effective leadership, the role of the company secretary, directors’ remuneration, taxation, responsible investment and the management of risk.

  • ACC5051W and ACC5050W MINOR DISSERTATION

    Course convener: Gizelle Willows

    Course outline:

    Students are required to attend a research methodology course that runs parallel to the first year coursework modules (i.e. ACC5020H, ACC5023H and ACC5025H). During this time the research proposal will be written, under the guidance of a supervisor, and presented to various faculty members. The aim of this course is to equip students with a range of skills to prepare them for writing their dissertation.

    The dissertation will focus on one of the broad topics of accounting and finance. The research should be well-conceived and acknowledge earlier research in the field. It should show the ability to undertake informed investigation, and demonstrate the ability to collect, organise and analyse data. The dissertation proposal will require course convener and supervisor approval. A student will register for this course at the beginning of the second year, and will not be permitted to submit the dissertation until such time that the coursework component is completed.

  • ACC5001H TOPICS IN ACCOUNTING AND GOVERNANCE

    Course convener: Shaun Parsons

    Course outline:

    To obtain credit for this course students must complete or have completed and passed UCT’s Assessment of Professional Competence (APC) Professional Programme or equivalent.

    The College’s APC Professional Programme prepares candidates for sitting the SAICA’s APC, which is the final professional examination that must be written in order to qualify as a CA(SA). The programme includes weekly online learning, the facilitation of regular group work, and periodic classroom lectures. It focuses on the integration of university content into real-world contexts, case study preparation, and multiple case study writing opportunities. The programme culminates in a final case study assessment, the successful completion of which entitles candidates to sit the SAICA APC.

    This course can be exchanged for any UCT 4000/5000 level course approved by the Programme Convenor and subject to meeting relevant course pre-requisites and approval from the Course Convenor.

 

Assessment

Assessment will include individual and group work assignments (submissions and presentations). There are no separate written examinations.

Fees and funding

The approximate tuition fee for all compulsory courses and the dissertation component is R60 000. You can find the latest fee information (including fees for international students) in the UCT Student Fees Handbook. For funding information, you can contact the postgraduate centre and funding office: by emailing pgfunding@uct.ac.za

For more information on the courses, please refer to P56 and P57 of the 2020 Commerce Postgraduate Handbook

TOP