Short Description

Obtain a CIBA Certificate of Completion in Commercial Law II for part completion of the designation.

About the module

The module forms part of the core knowledge categories of an accountant in practice, and upskilling requirements to apply as a Business-Accountant-in-Practice (SA) via CIBA’s Route 3. Read more here.

Module purpose

To provide students with knowledge on various topics of the South African law. The topics include an introduction to the South African legal system, law of contracts, law of agency, contract
of sale, contract of lease, credit agreements, law of insurance, alternative dispute resolutions, law of security, bills of exchange, business enterprises, insolvency law, labour law and consumer protection law.

Module Outcomes

• Introduction to the South African legal system
• Law of contract
• Law of agency and representation
• Purchase and sale agreements
• Letting and hiring agreements
• Credit agreements
• Insurance law
• Alternative dispute resolution
• Law of security
• Bills of Exchange
• Partnerships
• Companies
• Close Corporations
• Insolvency Law
• Labour Law
• Consumer protection

Module Assessment Criteria

The above outcomes required in this module will be presented and assessed in the following format:

• Prescribed electronic textbooks with assessments

Requirements

• BCom degree or Higher Diploma in Accounting.
• Approval from CIBA membership department to enroll (terms and conditions apply). Simply send an email to membership@myciba.org requesting to enroll in the Qualify courses providing the following documentation:
  • CV
  • Identity document
  • Academic Qualification
  • Academic Record
  • Completion of Articles or RPL Form (request from membership@myciba.org)

Accreditation

The Southern African Institute for Business Accountants NPC is a professional body accredited by South African Qualifications Authority (SAQA) – Professional Body ID 874.

On successful completion of the final exam you will receive a certificate of completion issued by CIBA that serves as evidence of competency in the analysis, preparation and reporting of financial statements in accordance with International Standards and Local Regulations for legal entities, related and consolidated groups. The certificate is issued in terms of the National Policy for the Implementation of the Recognition of Prior Learning as authorized by SAQA and is regarded by CIBA as meeting the competency criteria approved by SAQA for admission as a BAP(SA).