About this Course
This comprehensive course is designed to provide you with the knowledge and skills required to draft accurate and compliant financial statements. The program covers all the fundamental topics required to master the art of compiling annual financial statements that comply with the South African Companies Act, 2008, regulations, and international accounting standards.
The program consists of 16 modules covering the various components of financial statements. You'll also learn to analyze financial statements, interpret financial data, and critically analyse financial statements to advise clients and identify potential errors. Upon successful completion, you will be equipped with the knowledge and skills to compile annual financial statements confidently. You will also be able to interpret and analyze financial statements and confidently advise clients.
Competencies Developed in this Course
Through this course, you will develop the necessary skills and knowledge to compile a complete set of financial statements that comply with current South African laws, regulations, and applicable international accounting standards, including the following competencies:
- Understanding of various accounting frameworks and the ability to select the appropriate one for the organization's needs.
- Knowledge of ISRS 4410 requirements and the ability to conduct a compilation engagement in compliance with the standard.
- Understanding of regulatory requirements, such as the Companies Act, that impact the preparation and presentation of financial statements.
- Ability to gather and organize supporting documents and prepare a trial balance.
- Knowledge of financial statement categories and elements and the ability to accurately link trial balance figures to appropriate categories.
- Ability to draft and troubleshoot financial statements, including the Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements.
- Ability to prepare tax calculations and account for current and deferred taxes in financial statements.
- Knowledge of basic principles of consolidation and the ability to draft consolidated financial statements.
- Ability to interpret financial statements using ratio analysis.
- Competence in creating a cover page, index, management info page, and compilation report while understanding the legal and regulatory requirements for these components.
Course Delivery, Duration, and Effort
This 3-month course is delivered through the SA Accounting Academy online learning campus. The course is divided into 16 modules. In this way you can maintain a work-life balance whilst studying and improving your professional skills. The required effort is 4 to 8 hours per week.
Lecturers
Nestene Botha CA(SA)
Nestene completed her B.com (Hons) at North-West University in 2012. In 2014 she completed her professional articles and her Masters Degree in Chartered Accountancy. She then registered with SAICA as a Chartered Accountant in 2015.
Nestene has lectured on the audit programme at the University of Cape Town. She successfully helped to establish a branch for Real Time Accounting in Tableview where her role was to evaluate, improve & implement a brand building & marketing strategy for the RTA brand. After this stint at RTA, Nestene started her own audit, tax & accounting practice which she has since grown into a reputable firm in the Tableview area with 60 clients and two staff members.
Innocent Shongedza
Innocent has more than 12 years of industry experience in various finance and accounting roles. During the past 10-years Innocent has moved into the training space where he facilitated work-readiness programs for thousands of accounting and finance graduates. He is an assessor and moderator registered with various SETAs where he assesses and moderates accounting and finance qualifications. Innocent also trains QuickBooks Online as well as Sage Pastel.
Admission Requirements
Degree in Accounting or Diploma with three years of relevant experience is recommended.
Curriculum
Module 1 - Accounting frameworks.
Module 2 – Requirements of ISRS 4410.
Module 3 – Companies Act and other regulatory requirements.
Module 4 – Securing supporting documents and finalising the trial balance.
Module 5 – Linking trial balance figures to the correct financial statement categories.
Module 6 – Drafting and troubleshooting the statement of financial position.
Module 7 – Drafting and troubleshooting the statement of comprehensive income.
Module 8 – Drafting and troubleshooting the statement of changes in equity.
Module 9 – Drafting and troubleshooting the statement of cash flows.
Module 10 - Drafting accounting policies.
Module 11 – Drafting notes to the financial statements.
Module 12 – Preparing the tax calculation.
Module 13 – Creating the compilation report for financial statements.
Module 14 – Basic principles of consolidation.
Module 15 – Drafting consolidated financial statements.
Module 16 – Interpreting a set of financial statements using ratio analysis.
For more information on what will be covered in the curriculum please download the prospectus.
About SA Accounting Academy
The SA Accounting Academy is an accredited private SAICA and ICB qualifications provider. We are committed to providing our students with the highest quality training and support, to ensure that your skills and knowledge are up to date and ready to face the challenges of the modern workplace. Qualifications and courses delivered are designed to ensure that you reach your professional goals and advance your career. With our experienced faculty, staff, and resources, you can be confident that you will receive the highest quality of training.
SAAA is a Level 2 B-BBEE contributor, with 125% procurement recognition. Training spend on certain solutions can be allocated against the Skills Development element of the B-BBEE Scorecard through accredited and nonaccredited training or claimed through SETA grants. In addition, 15% of your Skills Expenditure can be claimed on non-accredited training or courses. In addition, 15% of your Skills Expenditure can now be allocated to non-accredited training or courses.
Course Fees
The course fee is R4 700.00 and includes the following:
- Study material: Online course material
- Facilitator support.
Payment Method
Debit / Credit Card or Instant EFT
You can pay directly on our website for an easy, secure, instant transaction. During promotional periods, customers can take advantage of additional savings. This is the fastest and most efficient option, saving time and money.
EFT / Bank Deposit
You can make a payment directly into our bank account using your Online Banking App, Online Banking services, or by visiting your local bank branch.
Your Company / Employer
It may be beneficial for your company to invest in training for its staff members. As there are financial and tax advantages for doing so, please speak with your employer or Training / HR manager about the possibility of paying for this training.
Third-Party
If you have someone willing to pay for your studies, such as a parent or relative, they can either log in and pay on our website or pay via any of the payment options above on your behalf.
Payment Options
Option 1: Once-off payment
- R 4 700.00
Contact us
WhatsApp: Start chatting (+27635026114)
Call: +27 (0)10 593 0466
Email: ticket@accountingacademy.co.za
- Teacher: Nestene Botha