National Diploma: Financial Accounting NQF6


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This qualification will equip you with knowledge and practical skills in bookkeeping, financial accounting, income tax, financial management, reporting standards, corporate strategy, management accounting and research. There are 4 levels in this study programme. You'll complete the ICB Financial Accounting: Foundation Level (and get the National Certificate: Bookkeeping) after successfully passing just 4 subjects. Keep studying and you'll progress through the Intermediate Levels to the final Advanced Level to achive your diploma.

 

* IMPORTANT NOTE: You can exit after completing any of the levels on NQF3, 4, 5, & 6. To achive your diploma, you have to complete all four levels.


Part 1: Foundation Level, National Certificate for Bookkeeping


The Foundational Level will give you the skills to keep records of financial affairs of a business.

Subjects

  • Bookkeeping to Trial Balance
  • Payroll & Monthly SARS Returns
  • Computerised Bookkeeping
  • Business Literacy

Qualification Upon Exit

  • National Certificate: Bookkeeping (SAQA ID: 58375, NQF L3)

Admission Requirements

  • Grade 10 (Std 8) or equivalent
  • No prior accounting knowledge needed
  • You must be at least 16 years of age
 

Part 2: Intermediate Level, FET Certificate for Bookkeeping


The Intermediate Level will give you the skills to keep records of financial affairs of the business on a Senior level and also the knowledge to be a Junior or Assistant Accountant.

Subjects

  • Financial Statements
  • Cost and Management Accounting

Qualification Upon Exit

  • Further Education and Training Certificate: Bookkeeping (NQF L4 - SAQA ID 58376)

Admission Requirements

  • National Certificate: Bookkeeping (SAQA ID: 58375, NQF 3)
 

Part 3: Upper Intermediate Level, National Diploma: Technical Financial Accounting


The Upper Intermediate Level will give you the skills to keep records of financial affairs of the business on a Senior level and also the knowledge to be a Junior or Assistant Accountant.

Subjects

  • Income Tax Returns
  • Business Law and Accounting Control

Qualification Upon Exit

  • National Diploma: Technical Financial Accounting (NQF L5 - SAQA ID 36213)

Admission Requirements

  • Further Education and Training Certificate: Bookkeeping (NQF L4 - SAQA ID 58376)
 

Part 4: Advanced Level, National Diploma: Financial Accounting


The Advanced Level will give you the skills to keep records of financial affairs of the business on a Senior level and also the knowledge to be a Junior or Assistant Accountant.

Subjects

  • Corporate Strategy
  • Management Accounting Control Systems
  • Financial Reporting and Regulatory Frameworks
  • Accounting Theory and Practice

Qualification Upon Exit

  • National Diploma: Financial Accounting (NQF L6 - SAQA ID 20366)

Admission Requirements

  • National Diploma: Technical Financial Accounting (NQF L5 - SAQA ID 36213)
 

Price:

Full Time:  R3 800-00 excl. vat per subject 
Part Time :  R3 600-00 excl. vat per subject 
Correspondence:  R2 900-00 excl. vat per subject 

  • Included in Fees: All hardcopy manuals, access to student portal and resources.
  • Exclusive in Fees: National Examination which is R620.00 per subject and ICB membership fee of R330.00

We provide flexible and affordable payment options to ensure the course is always within your reach. To read more about our finance options, CLICK HERE

 
 

Duration:

Full Time (LEARN MORE >)

  • 1 Trimester (4 Months) per Level, diploma can be completed within 12 months.

Correspondence & Part Time (LEARN MORE >)

  • 1 Semester (6 Months) per Level, diploma can be completed within 18 months.

Qualifications:

Part 1: Foundation Level, National Certificate for Bookkeeping


Qualification Upon Exit

  • National Certificate: Bookkeeping (SAQA ID: 58375, NQF L3)

 

Part 2: Intermediate Level, FET Certificate for Bookkeeping


Qualification Upon Exit

  • Further Education and Training Certificate: Bookkeeping (NQF L4 - SAQA ID 58376)

 

Part 3: Upper Intermediate Level, National Diploma: Technical Financial Accounting


Qualification Upon Exit

  • National Diploma: Technical Financial Accounting (NQF L5 - SAQA ID 36213)

 

Part 4: Advanced Level, National Diploma: Financial Accounting


Qualification Upon Exit

  • National Diploma: Financial Accounting (NQF L6 - SAQA ID 20366)

 
 

Outcomes:

Part 1: Foundation Level, National Certificate for Bookkeeping


Once you have completed this qualification, you will be able to do the following:

  • Monthly bookkeeping to trial balance (manual and computerised) 
  • Disclose profit and financial position; reconcile suppliers 
  • Inventory and bank statements
  • Calculate PAYE/UIF/SDL; payroll tax and other deductions; EMP201, EMP501, IRP5, IRP6 and IT3a documents and VAT returns
 

Part 2: Intermediate Level, FET Certificate for Bookkeeping


Once you have completed this qualification, you will be able to do the following:

  • Monthly bookkeeping
  • Asset disposal
  • Year-end adjustments
  • International Financial Reporting Standards for SMMEs
  • Branch accounts; incomplete records
  • Analysis of financial statements
  • Understand cash flow
  • Basic cost and management accounts
  • Prepare manufacturing accounts
  • Costing and budgeting
 

Part 3: Upper Intermediate Level, National Diploma: Technical Financial Accounting


Once you have completed this qualification, you will be able to do the following:

  • Complete a full set of accounts for a financial year
  • Support management in finance and accounting
  • Become a SAIT tax practitioner (once you meet their requirements)
  • Know the ins and outs of accounting
  • Taxation (individuals and companies)
  • Auditing and business law
 

Part 4: Advanced Level, National Diploma: Financial Accounting


Once you have completed this qualification, you will be able to do the following:

  • Compile annual financial statements
  • Register with SAIBA as an Accounting Officer
  • Work with Chartered Accountants and Auditors
  • Have a thorough knowledge of accounting theory and practice
  • corporate strategy and International Financial Reporting Standards

 

Learning Methods & Delivery:

Although the course content is the same throughout, there are three different types of learning delivery methods used: Full Time, Part Time and Assisted Distance Learning.

Full Time
Students will attend class from Monday to Thursday, 08:30 until 15:30 and then on a Friday from 08:30 until 12:30.  This will ensure that students spend more time on studies and in return complete the qualification sooner in order to get into the jobs market as soon as possible to gain that working experience.


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Part Time
Students will attend evening classes twice a week from 18:00 until 21:00.  This model is specifically designed for students who are currently employed and for those who are situated close to Midrand.  This will ensure that students will get dedicated class time and interaction with a lecturer and other students.  It will assist students to keep up with their studies and not get distracted with daily activities which may result in one falling behind.


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Correspondence
We have re-defined studying via correspondence or online with our Assisted Distance Learning method by ensuring that the student never gets left alone to do only self-study. We have combined Distance Learning with online Virtual Classrooms, at home activities with solutions and pre-recorded videos per topic to ensure that students will have constant interaction with his lecturer and other students.. Virtual Classrooms are hosted weekly online and it will consist of questions and answers which the qualified instructor will answer and explain accordingly. 


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Possible Careers:

Part 1: Foundation Level, National Certificate for Bookkeeping


Job Opportunities:

  • Junior bookkeeper
  • Account clerk
  • Reconciliation clerk
  • Payroll clerk
  • Accounts payable/receivable clerk
 

Part 2: Intermediate Level, FET Certificate for Bookkeeping


Job Opportunities:

  • Senior bookkeeper
  • Junior accountant
  • Assistant accountant
  • Financial services officer
  • Credit controller
  • Business analyst
 

Part 3: Upper Intermediate Level, National Diploma: Technical Financial Accounting


Job Opportunities:

  • Technical Financial Accountant
  • Financial Manager
  • Accounting Technician
  • Financial Services Manager
  • Tax Technician
 

Part 4: Advanced Level, National Diploma: Financial Accounting


Job Opportunities:

  • Financial Accountant
  • Accounting Officer
  • Tax Practitioner 
  • Tax Consultant
  • Management Accountant
  • Assistant Manager

 

 

Part 1: Foundation Level, National Certificate for Bookkeeping


This qualification will cover:

  • Bookkeeping to Trial Balance
    • An introduction to business, bookkeeping and accounting
    • Value Added Tax and source documents
    • Recording cash transactions
    • Recording credit and sundry transactions
    • Inventory systems
    • Individual accounts for debtors and creditors, and supplier and general ledger reconciliations
    • The bank reconciliation process
    • Drafting financial statements
  • Payroll & Monthly SARS Returns
    • Basic bookkeeping and VAT
    • Plan, organise, implement, monitor and work within the payroll environment
    • Record and validate input variations on employee records
    • Basic conditions of employment
    • Statutory registrations Complete PAYE documents
    • Accounting for payroll
    • Computerised payroll
    • Monthly SARS returns and eFiling
    • Ethics and the registered Tax Practitioner
  • Computerised Bookkeeping
    • Introduction to computing
    • The Windows Operating System
    • Working with Internet and Email
    • Working with Microsoft Word 2010
    • Working with Microsoft Excel 2010
    • Working with Microsoft PowerPoint 2010
  • Business Literacy
    • The key principles of effective business communication
    • Spoken communication
    • Written communication
    • Work readiness
    • Working with numbers: an introduction
    • Working with fractions and decimal numbers
    • Percentages, ratios, proportions and equations
    • Using interest rates in business
    • Measure, analyse and communicate workplace data
    • Business communication – Putting it all together
    • Business numeracy – Putting it all together

       

Part 2: Intermediate Level, FET Certificate for Bookkeeping


This qualification will cover:

  • Financial Statements
    • Recording business financial transactions
    • Depreciable assets
    • Finalisation and interpretation of accounts
    • Financial statements of the sole proprietorship
    • Internal reporting for corporate entities
    • An Introduction to IFRS for SMMEs
    • Statement of cash flows
  • Cost and Management Accounting
    • An introduction to managerial accounting
    • Controlling inventory and overhead costs
    • Accounting for a manufacturing enterprise
    • Job costing
    • Budgeting and standard costing
    • Contract accounting
    • Process costing
    • Financial management
  • Time Management (additional short course added)
 

 

Part 3: Upper Intermediate Level, National Diploma: Technical Financial Accounting


This qualification will cover:

  • Income Tax Returns
    • Introduction to income tax
    • Gross income
    • Exempt income
    • Allowable deductions
    • Fringe benefits and allowances
    • Employees’ tax and provisional tax
    • Taxation of non-residents
    • Taxation of business entities
    • Turnover tax
    • Completing tax returns
    • Capital gains tax
    • Donations tax
    • Estate duty
    • SARS and the Tax Practitioner
  • Business Law and Accounting Control
    • The unspoken laws of business
    • The written laws of business
    • Managing your personal finances
    • Accounting systems – Internal control concepts
    • Managing accounting systems
    • Accounting systems – Stock control
    • Accounting systems – Analytical review
    • Liquidation and executors’ accounts
 

 

Part 4: Advanced Level, National Diploma: Financial Accounting


This qualification will cover:

  • Corporate Strategy
    • Introduction to strategic management
    • Formulating a strategic direction
    • The context of strategic selection
    • The formulation of corporate goals and objectives
    • Strategy identification and formulation
    • Strategy evaluation and selection
    • Strategy implementation
    • Continuous improvement through strategic control and evaluation
    • Strategic management and non-profit organisations
  • Management Accounting Control Systems
    • Activity-based costing
    • Cost classification, estimation and behaviour
    • Cost-volume-profit analysis
    • Linear programming
    • Standard costing
    • Relevant costs
    • Expected value theory and decision trees
    • Pricing policy and transfer pricing
    • Divisional performance evaluation
  • Financial Reporting and Regulatory Frameworks
    • Introduction to International Financial Reporting Standards (IFRS) and the Conceptual Framework
    • IAS 1 – Presentation of financial statements
    • IAS 16 – Property, plant and equipment
    • IAS 40 – Investment property
    • IAS 36 – Impairment of assets
    • IAS 38 – Intangible assets
    • IAS 2 – Inventories
    • IAS 37 – Provisions, contingent liabilities and contingent assets
    • IAS 17 – Leases
    • Financial instruments
    • IAS10 – Events after the reporting period
    • IAS18 – Revenue
    • IAS19 – Employee benefits
    • IAS21 – The effects of changes in foreign exchange rates
    • IAS33 – Earnings per share
    • IAS12 – Income taxes
    • IAS8 – Accounting policies, changes in accounting estimates and errors
    • IAS7 – Statement of cash flows
    • Consolidated financial statements
    • Financial reporting requirements of the Companies Act 2008
  • Accounting Theory and Practice
  • Sage One Pastel (additional course added)

 

Campus
Type
Start Date
Registration Close Date

Distance Learning
Correspondence
29 January 2018
22 January 2018

Campus
Type
Start Date
Registration Close Date

Midrand, Johannesburg
Full Time
29 January 2018
24 January 2018

Midrand, Johannesburg
Part Time
29 January 2018
24 January 2018








     Number of Attendees:  

 Full-Time    Part-Time    Correspondence