Registrations for January 2019 Intake is NOW OPEN

Interested in a career in specialised modern business studies on an international and national level? Apply for our 2019 intake #WhereFuturesAreMade

Home > National Diploma: Financial Accounting Nqf6

National Diploma: Financial Accounting NQF6

Overview

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)

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)

Course 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

Price

Full Time: R4 200-00 per subject
Part Time : R3 900-00 per subject
Correspondence: R3 200-00 per subject

Included in Fees: All hardcopy manuals, access to student portal and resources.
Exclusive in Fees: National Examination which is R650.00 per subject and ICB membership fee of R340.00

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.

Our Learning Methods

At The Business Academy we understand that that each person prefers different learning styles and techniques influenced by circumstances, location, field of study and learning preference. We have therefore developed our myWay learning methodology to suit all learners and ensure everyone has all the opportunity to achieve learning success. We deliver our qualifications via three modern and flexible delivery methods.

Full Time

Reach your full potential through our myWay Instructor-led or Mentorship based classes combined with interactive lessons, practical assignments and in-field experience. Our full time offering consist of learning sessions that make up a full day or selective days within a week.

Part Time

Designed for the working professional, our part time program covers the same amount of information as our full time offering. Combined with our myWay Blended Learning, at home exercises/assignments and in-class lectures, this will have you ready for exams in no time. Sessions depend on what qualification you do.

Correspondence

We have redefined distance learning studies. Our myWay Distance Learning ensures that the student never gets left alone to do only self-study by taking a blended learning approach, combining online Virtual Classrooms and at home exercises and assignments, all managed by our myAcademy Student Portal.

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)