Diploma in Financial Accounting

Diploma in Financial Accounting

Financial Accounting is a fundamental aspect of business operations. It involves working with financial data, ensuring accuracy and compliance with accounting standards, as well as formulating a clear picture of a company’s financial health. It is a field that plays a critical role in business.

This qualification equips you with essential knowledge, skills, and competencies in finance and accounting. It emphasises the principles of financial accounting and their application to local and global economic realities in commerce.

On completion, you will be well-prepared for professional practice in various careers within civil society and the public or private sectors. You may also consider pursuing a Boston Degree or Advanced Diploma for further specialisation.

Dip (Financial Accounting)

Time to Complete:

3 (minimum) - 9 (maximum) Years

Study Options:

Full-time or Part-time



NQF Level:




Entry Requirements

National Senior Certificate (NSC), with English passed with endorsement for admission to Diploma study; or National Certificate (Vocational) (NC(V)), with English passed with endorsement for admission to Diploma study; or prior to 2009, Senior Certificate with English as one of the modules passed.

A number of post school qualifications may be used for admission and/or advanced placement into the diploma programme with due regard for the 50% credit transfer rule and guidelines of progression and articulation. For example, a Higher Certificate, NQF (HEQSF)Level 5, minimum Credits 120; or a Certificate, NQF (OQSF) Level 5, minimum Credits 120.

This programme is offered by Boston City Campus in the distance mode of education with support provided at Learner Support Centres. Apply to register at any Boston City Campus Learner Support Centre nationwide.

All modules are compulsory and must be passed.

This qualification is recognized by the Financial Sector Conduct Authority (FSCA), formerly the Financial Services Board (FSB), as Generic under all Categories and Sub-Categories for occupational/professional purposes.

Possible employment opportunities include, but are not limited to:

  • Financial Accountant, Financial Manager
  • Assistant Accountant, Accountant, Bookkeeper
  • Reconciliation Clerk, Creditors Clerk, Debtors Clerk
  • Management Accountant or Assistant Management Accountant
  • Financial Services Officer/Manager
  • Internal Auditor
  • Credit Controller

Did you know that Boston does not work on a points system

Although your subjects may be considered, Boston does not use a point system for entry.
Your endorsement says it all.
Semester ASemester B
  • Computer Literacy
  • Academic Literacy
  • Accounting Principles
  • Commercial Law 1
  • Business Mathematics
  • Computer Literacy Advanced
  • Financial Accounting Principles, Concepts and Procedures
  • Business Management 1
  • Introduction to Socioeconomics
Semester ASemester B
  • Financial Accounting Reporting
  • Public Accounting Administration
  • Commercial Law 2
  • Taxation 1
  • Cost and Management Accounting
  • Financial Accounting for Companies
  • Taxation 2
  • Computerised Accounting
Semester ASemester B
  • Financial Management Techniques
  • Internal and IT Auditing
  • Financial Accounting 3A: IFRS
  • Applied Research Methods
  • Management Accounting Control Systems (HMAC300-1)
  • Business Leadership & Ethics for Accountants (HBLE300-1)
  • Financial Accounting 3B – Groups
  • Work Integrated Learning (HWDFA300-1)

Various Assessment Strategies (ASC, ASW, AS1 to AS5) are used throughout the modules in
the programme. For example, AS3 is predominately applied in this programme and consists of a 

Formative Assessment (FA1), also known as an assignment or test, which count forty percent (40%) towards the overall mark.

Summative Assessments in the form of a final exam or capstone project (SA1), count fifty percent (50%), and a research or reflective essay (SA2) count ten percent (10%) towards the overall mark.

No supplementary assessment is provided for FA1. A maximum of one (1) additional supplementary assessment opportunity is provided for SA1 and SA2 respectively, which will be charged for. Please consult the Fact Sheet and Student Rulebook for additional, detailed programme information.

On completion of the programme graduates will have the necessary knowledge and practical skills required to:

  • Operate effectively in the workplace using a number of Windows-based end-user applications
  • Apply accounting functions and general business principles to real life situations and interpret economic realities of local and global communities. 
  • Develop knowledge and an understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of accounting techniques. 
  • Demonstrate knowledge of the general legal framework, and of specific legal areas relating to business including the South African tax system as applicable to companies. 
  • Manage computerised accounting and technology resources in organisations. 
  • Identify the socio-economic needs of society and display cultural sensitivity within organisations. 


On successful completion the Learner will be issued a Diploma in Financial Accounting SAQA ID 93597, NQF 6, minimum 374 credits from Boston City Campus.