Certificate: Accounting NQF5

The advanced level Certificate: Accounting Qualification consists of four units, plus two specialist units from a choice of five, with a total of six assessments. The qualification covers higher-level accounting tasks, including drafting financial statements, managing budgets and evaluating financial performance.

Course code:

CAT-005

Accreditation status:

Registered with AT(SA) and accredited by FASSET.

  • SAQA ID: 80189
  • NQF level: 5
  • Credits: 120

Course duration:

12 – 18 Months

Entry requirements:

  • Competency in:
    • English Language literacy
    • Computer literacy
    • Mathematical literacy
  • The learner holds an AT(SA) FET Certificate: Accounting Technician Qualification.
    OR
    The learner undertakes an initial assessment to determine whether the Certificate: Accounting NQF5 is the correct stage at which they should start. This involves examining their previous learning and current skills in accounting.
    OR
    A learner with similar qualification and/or experience can apply for recognition of prior learning (RPL). In this case, proof of qualifications and work experience will be required.

Please contact our office should you wish to do the online skills/check. There is no cost involved but you need to have access to a computer with internet capabilities.

Assessment and award:

Competency-based assessment
AT(SA) Certificates are competency-based qualifications. This means that the learner must display competency in each task according to minimum standards. There are no percentages. A learner is found to be either Competent or Not Yet Competent in the module. A learner has access to various opportunities to become Competent, but based on the cost of an assessment we advise that the learner only do the final assessment once they are competent in the practice assessment and confident that they understand all the aspects in the module. There is a practice assessment for each module that the learner can do online; the learner needs to schedule a practice assessment with us, as it is a live assessment through the internet. There is no cost involved in taking the practice assessment.

Computer Based Assessments
The assessments of the AT(SA) Certificates are done through Computer Based Assessments (CBAs). The timetable for CBAs will be set according to the learner’s training schedule. Credo Business College will arrange the assessments at a computer centre as close to the learner as possible. The travelling and accommodation (if needed) will be for the learner’s own account.

Award
Upon completion of this course, students will be awarded a Certificate: Accounting NQF Level 5 from SAICA.

Additional information

AT(SA) is an associate of SAICA, the foremost accountancy body in South Africa. To find out more about AT(SA), please visit: www.accountingtechniciansouthafrica.co.za.

AT(SA) Membership
After completing this course and gaining one year of relevant work experience at a supervisory level, learners will be able to apply for Platinum Membership with AT(SA).

Career Path

    Jobs you’ll be qualified for at a Certificate: Accounting Qualification NQF Level 5 include:

  • Assistant Finance Manager
  • Finance Team Leader
  • Accounts Manager
  • Financial Controller
  • Qualified Accounting Technician
    Holders of the Certificate: Accounting NQF5 qualification:

  • Are eligible to apply to become full members of the AT(SA).
  • Gain direct entry into the second stage of the Chartered Institute of Management Accountants (CIMA) Professional Qualification. They are exempted from the Certificate in Business Accounting.
  • Gain direct entry into the second stage of the Association of Chartered Certified Accounts (ACCA) Professional Scheme. They are exempted from Part 1.

Contact details

For more information, contact Credo Business College on +27 (0) 12 3483888
or email info@credobusinesscollege.co.za

OR

Contact AT(SA) on +27 (0) 11 621 6600
or email info@accountingtechnicianssouthafrica.co.za
or visit www.accountingtechniciansouthafrica.co.za

Course fee:

R 34 439.60 (Full Qualification including VAT)

The course fee covers:

  • AT(SA) registration and membership for one year
  • A textbook for each unit
  • Online assignments
  • Practice examinations
  • Study programme
  • Access to a facilitator via an electronic platform
  • One assessment opportunity per learning/assessment area
  • A certificate upon successful completion of the course

Learning areas covered:

Financial statements

  • Understanding the regulatory framework underpinning financial reporting
  • Understanding key features of published financial statements
  • Drafting a limited company’s statutory financial statements
  • Drafting consolidated financial statements
  • Interpreting financial statements using ratio analysis

Budgeting

  • Preparing budgets and income and expenditure forecasts
  • Assessing budgetary impact of internal and external factors
  • Using budgetary control to improve organisational performance

Financial performance

  • Collating and analysing cost information from various sources
  • Measuring performance and managing costs appropriately
  • Making suggestions for improving financial performance by monitoring and analysing information
  • Preparing performance reports for management

Internal control and accounting systems

  • Understanding importance and use of internal control systems
  • Evaluating the accounting system and identifying areas for improvement
  • Conducting ethical and sustainability evaluations of accounting systems
  • Making recommendations to improve the accounting system

Two optional units from the following four
Business tax

  • Completing corporation tax returns and supporting computations for incorporated businesses
  • Understanding impact of legislation and legislative changes
  • Understanding tax law and its implications for incorporated / unincorporated businesses
  • Understanding capital assets

Personal tax

  • Calculating income from all sources and identifying taxable and non-taxable items
  • Applying current legislation to calculate tax payable on income
  • Accounting for capital gains tax according to current legislation
  • Preparing accurate computations and completing relevant parts of self-assessment tax returns

External auditing

  • Planning an audit identifying areas for verification and associated risks
  • Conducting a supervised audit
  • Preparing draft reports for approval
  • Understanding auditing principles and legal and professional standards required for an external auditor

Credit control

  • Understanding relevant legislation and impact on credit management
  • Using information from various sources to grant customers credit within organisational guidelines
  • Using a range of techniques for debt collection
  • Monitoring and controlling credit supply

Training methodology and learner support:

  • Learners can choose to study via:
    Distance learning
    OR
    Blended learning with three contact sessions per learning area (with contact sessions available to learners at Credo Business College’s premises, or at the premises of the employer)
  • Coaching support is provided by a dedicated facilitator via an online learning platform.
  • Learners have access to atmyconnect, which is an essential e-learning study support platform for all AT(SA) learners.
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