Certificate: Accounting NQF Level 5

The advanced level Certificate: Accounting Qualification consists of six modules. The qualification covers higher-level accounting tasks, including drafting financial statements, managing budgets, and evaluating financial performance.

Course code:

CAT-005

Accreditation status:

Accredited by SAICA for Accounting Technician qualifications:

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

    Course duration:

    18 – 24 Months

    Entry requirements:

    To study this course, learners need to be competent in:

    • English Language literacy
    • Computer literacy
    • Mathematical literacy

    AND

    OR

    • A learner has completed and been awarded the Certificate: FET Accounting Technician NQF Level 4 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.

    Course Structure:

    The qualification consists of 6 modules:

    1. Financial Statements;
    2. Budgeting;
    3. Financial Performance;
    4. Internal Control and Accounting Systems;
    5. Business Tax;
    6. Personal Tax.

     To view more information on the course content – Please click on the Course Content Tab.

    Competency-Based and Computer-Based Assessments:

    All assessments will be completed online, and competence must be achieved in each module. To achieve the qualification certificate, you must be competent in all the modules. AT(SA) Qualifications are competency-based. 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.

    Career Path:

    Career path a learner can follow:

    • Assistant Finance Manager
    • Finance Team Leader
    • Accounts Manager
    • Financial Controller
    • Qualified Accounting Technician

    Award:

    Upon completion of the qualification, learners will be awarded a Certificate: Accounting NQF Level 5 from SAICA/AT(SA). 

    Additional information

    Holders of the Certificate: Accounting NQF Level 5 qualification benefits:

    • 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.

    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).

    Contact details

    For more information, contact Credo Business College on +27 (0) 12 348 3888
    OR email:
    pmupambi@credobusinesscollege.co.za      – General Enquiries
    avdmerwe@credobusinesscollege.co.za      – Programme Manager: Operations – Accounting and Management Enquiries
    rmoatshe@credobusinesscollege.co.za        – Programme Manager: Academic – Accounting and Management 

    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

    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

      Training methodology and learner support:

      Credo Business College offers 3 different types of training options, which you can choose from. Credo delivers high quality courses and depending on which course you study, the training option depends on the programme and the clients’ or learners’ needs.

      Training options available:

      • Full-time contact classes
      • Blended learning: combination of contact classes and distance learning
      • Full-time distance learning

      Training option 1: full-time contact classes

       Full-time study means that learners attend classes on a daily basis during the day. This usually implies that our full-time learners are not employed and, as they are either recent matriculants or school leavers, they are able to attend daily classes on a full-time basis for the number of years required to complete the qualifications.

      Training option 2: blended learning – combination of contact classes and distance learning

      This course is presented through a combination of contact sessions (face-to-face learning) and distance learning. Learners can attend a number of classes per module. The first class is an introductory class at the start of each module. This class gives you an overview of the most important aspects of the module and gives you an idea of what to expect in the module. After each introductory class, you complete the relevant module via distance learning. Learners may have 1 to 2 additional contact classes after the introductory class. The second class is usually held two weeks prior to a learner writing a practice assessment and the third class is held prior the formal assessment. Class 2 and 3 are purely based on revision.

      Training option 3: full-time distance learning

      With distance learning learners can study in their own time from home or work instead of attending classes. Learners have more flexibility as they will have full-time access to credo’s online learning platform. Learners will receive study guidance in terms of unit/module notes, study plan, assignments, assignment feedback and guidance on revision.

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