School of Commerce

National Diploma: Financial Accounting

This course will equip you with knowledge and practical skills in bookkeeping, financial accounting, income tax, financial management, reporting standards, corporate strategy, management accounting and research.

Start your learning journey

Apply now

NQF Level

6

SAQA

20366

Min credits

N/A

DESCRIPTION

This programme is right for you if you have one or more of the following training or career needs:

  1. I would like to make bookkeeping my career, and would like to work in the finance department of a company.
  2. I would like to open my own bookkeeping practice one day.
  3. I am running a small business and need to know more about the bookkeeping function.
  4. I am considering starting a business, but I am not that good at bookkeeping.
  5. I would like to become a certified tax technician (CTT), which will allow me to complete monthly and annual SARS tax returns on behalf of a client.

PROGRAMME PURPOSE

The purpose of the National Diploma in Financial Accounting is to provide you with a nationally accredited, internationally recognised bookkeeping qualification that will allow you to become employable as a financial accountant, accounting officer (via SAIBA), tax practitioner, tax consultant, management accountant, or assistant manager. Alternatively, if you are already running your own business, this programme will ensure that you will be able to perform certain bookkeeping functions for your business.

PROGRAMME OUTCOMES

After you have successfully completed this programme, you should 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
  • Monthly bookkeeping
  • Asset disposal
  • Year-end adjustments
  • International Financial Reporting Standards for SMEs
  • Branch accounts
  • Incomplete records
  • Analysis of financial statements
  • Understand cash flow
  • Basic cost and management accounts
  • Prepare manufacturing accounts
  • Costing and budgeting
  • Complete a full set of accounts for a financial year
  • Support management in finance and accounting
  • Become a SAIT tax practitioner (once you meet the requirements)
  • Know the ins and outs of accounting
  • Taxation (individuals and companies)
  • Auditing and business law
  • Compile annual financial statements
  • Register with SAIBA as an Accounting Officer (once you meet the requirements)
  • Work with chartered accountants and auditors
  • Have a thorough knowledge of accounting theory and practice
  • Corporate strategy
  • International Financial Reporting Standards.

PROGRAMME STRUCTURE

The National Diploma in Financial Accounting consists of the following 12 modules:

Module name
Bookkeeping to Trial Balance
Payroll and Monthly SARS Returns
Computerised Bookkeeping – you will need access to a PC or a laptop for this subject
Business Literacy
Cost and Management Accounting
Income Tax Returns
Business Law and Accounting Control
Corporate Strategy
Management Accounting Control Systems
Financial Reporting and Regulatory Frameworks
Research Theory and Practice (by short dissertation, topic: Financial Accounting)

 

ADMISSION REQUIREMENTS

Successful completion of the previous learning areas (1–8); i.e. hold the National Diploma:
Technical Financial Accounting, NQF Level 5, SAQA 36213. 

LANGUAGE REQUIREMENTS

A knowledge, comprehension and application of the English language at NQF Level 4 (Grade 12 or equivalent level) is required.

Open registration throughout the year.