ICB Financial Accounting
National Diploma NQF Level 6 Financial Accounting
(NQF L6 – SAQA ID 20366)
Are you…
- Keen to gain skills and knowledge that are useful in any business?
- Assisting with the finances of a growing company?
- Thinking of opening your own bookkeeping practice one day?
- Aiming to be employed in a finance department?
- Known to have a good head for numbers?
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.
Click on each of the levels below to find out more about them:
National Certificate: Bookkeeping
(NQF L3 – SAQA ID 58375)
Entry requirements:
- Grade 10 (Std 8) or equivalent
- No prior accounting knowledge needed
- You must be at least 16 years of age.
Subjects:
1. Bookkeeping to Trial Balance
2. Payroll and Monthly SARS Returns
3. Computerised Bookkeeping
4. Business Literacy
Jobs you’ll be able to apply for:
Junior Bookkeeper, Accounts Clerk, Reconciliation Clerk, Payroll Clerk, Accounts Payable/Receivable Clerk
What you’ll be able to do:
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.
Further Education and Training Certificate: Bookkeeping
(NQF L4 – SAQA ID 58376)
Entry requirements:
- Successful completion of the previous learning areas (1-4) – i.e. hold the National Certificate: Bookkeeping.
Subjects:
5. Financial Statements
6. Cost and Management Accounting
Jobs you’ll be able to apply for:
Senior Bookkeeper, Junior Accountant, Assistant Accountant, Financial Services Officer, Credit Controller, Business Analyst.
What you’ll be able to do:
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.
National Diploma: Technical Financial Accounting
(NQF L5 – SAQA ID 36213)
Entry requirements:
- Successful completion of the previous learning areas (1-6) – i.e. hold the Further Education and Training Certificate: Bookkeeping.
Subjects:
7. Income Tax Returns
8. Business Law and Accounting Control
Jobs you’ll be able to apply for:
Technical Financial Accountant, Financial Manager, Financial Services Manager, Accounting Technician, Tax Technician
What you’ll be able to do:
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.
National Diploma: Financial Accounting
(NQF L6 – SAQA ID 20366)
Entry requirements:
- Successful completion of the previous learning areas (1-8) – i.e. hold the National Diploma: Technical Financial Accounting NQF L5, or equivalent.
Subjects:
9. Corporate Strategy
10. Management Accounting Control Systems
11. Financial Reporting and Regulatory Frameworks
12. Accounting Theory and Practice (by short dissertation; topic: Financial Accounting)
Jobs you’ll be able to apply for:
Financial Accountant, Accounting Officer (via SAIBA, if you meet their criteria), Tax Practitioner, Tax Consultant, Management Accountant, Assistant Manager.
What you’ll be able to do:
Compile annual financial statements; register with SAIBA as an Accounting Officer (once you meet their requirements); work with Chartered Accountants and Auditors; have a thorough knowledge of accounting theory and practice, corporate strategy and International Financial Reporting Standards.
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