Financial Accounting Training
There are two basic categories of accounting: financial accounting and managerial accounting. Financial accounting is comprised of information that companies make available to the general public: stockholders, creditors, customers, suppliers, and regulatory commissions. Managerial accounting deals with information that is not made public. Information such as salary costs, Cost of goods produced, profit targets, and material control information. The knowledge supplied by managerial accounting is for the use of department heads, division managers, and supervisors to help them make better decisions about the day-to-day operations of the business.
So why do we need accounting? Asking that question of an accountant is like asking a farmer why we need rain. We need accounting because it’s the only way for business to grow and flourish. Accounting is the backbone of the business financial world. After all, accounting was created in response to the development of trade and commerce during the medieval times.
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Articles on Financial Accounting in South Africa
With high salaries and excellent career prospects, a job in finance has always been attractive to graduates. However, there are still a few helpful things that finance graduates should know before entering into a career in finance.
The automotive industry has many divisions. Perhaps one of the lesser known areas is the Finance and Insurance (F&I) sector.
Ask Dr Tim London what is one of the most frequently discussed topics in management today and he will tell you it is how to “manage up”. Here's how to future proof a career in finance.
It’s one thing to study accountancy at university, even with practical exercises. It’s quite another to practice as a professional accountant every day in the real world of business.
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As business operations evolve, so have accounting positions. You’ll be surprised at how accounting has changed from being the more traditional, managerial or financial accounting that is purely math-based to a more digitised approach that includes human involvement.
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Your credit is just like your health. If you do not manage it wisely, you will have to deal with some serious issues later
When we think about professionals in the financial sector, typically chartered accountants or financial advisors come to mind.
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The arrival of robo-advisors on the financial services scene in South Africa is expected to have a significant impact on how South Africans invest their money and plan for their retirement
We all need to be thinking about the future. Our actions today will ripple into the future.
Contrary to popular belief the finance sector is open to anyone who is willing to work hard. Some experts talk about what it takes to pursue a career in finance.
When searching for the best financial accounting software, look for solutions that are affordable and easy to use and time-saving features such as automated entries, invoicing, bill payments, expense reports, financial reports and reconciliations.
Financial accounts are part of the company’s accounting system. Companies often use accounting as a way to keep score.
The South African Institute of Chartered Accountants (SAICA), is inviting all outstanding and extraordinary young businessmen and women to enter this year’s Top-35-under-35 competition.
The ACCA-X online learning community kicks into life, with the start of introductory and intermediate courses in Financial and Management Accounting.
Financial practitioners are missing a golden career advancement opportunity
Setas and FET Colleges have repeatedly been instructed to work together to
further government's post-school agenda, but this is proving to be a
challenge in many sectors.
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