National Diploma: Technical Financial Accounting NQF5 – SAQA ID 36213 (ICB Designation – Technical Financial Accountant)
- Technical Financial Accountant
- Accounting Technician
- Tax Technician
- Grade 10 (Std 8) or equivalent.
- No prior accounting knowledge needed.
- You must be at least 16 years of age.
- Recommended 24 months of study
- This programme is accredited by FASSET SETA
- Business Literacy
- Bookkeeping to Trail Balance
- Payroll and Monthly SARS Return
- Computerised Bookkeeping
- Financial Statements
- Cost and Management Accounting
- Income Tax Returns
- Business Law and Accounting Control
- Ability to operate with management in an accounting environment
- Comprehensive knowledge of bookkeeping, financial accounting, management accounting, cost accounting, personal and business taxation, business law and accounting control.
- Thorough knowledge of personal and business taxation and of the Income Tax Act, the calculation of taxable income for both individuals and businesses, the skills for the completion of Income Tax returns as well as the ability to provide advice to clients and be current on South African Income Tax calculation and collection.
- Working knowledge of business law and accounting control (the audit function), including basic contract and insurance law, insolvency law, internal and computer auditing.
- Certified Tax Technician (CTT) status as a member of the South African Institute of Tax Practitioners with a tax practitioner’s number allowing him/her to complete monthly and annual SARS returns on behalf of a client.
What you will be able to do once you complete this level?
- 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.
Important Exam Information:
Assessment is based on the submission of a Portfolio of Evidence (PoE) which will comprise formative activities and evaluations, as well as one summative assessment (final exam). PoE assessment comprises formative/interim assessment of activities (assignments) and evaluations (test) that count 30% towards the total mark. A Summative Assessment (final exam) contributes to the remaining 70% of your marks. The PoE is basically a file containing all the evidence necessary for a learner to be declared competent against the relevant outcomes.
- You will be awarded with the National Certificate: Bookkeeping by FASSET upon successful completion of your PoE and your exams.
- You will also receive a Programme Completion Certificate from the ICB
- Assessment takes place in February, May, August and November.
- Please note that the ICB exam fees and annual memberships are not included in your programme fees. Please visit the ICB website at www.icb.org.za to familiarise yourself with the exam registration dates, the actual exam dates and the fees.