Financial Accounting Training

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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.


The OECD (Organisation for Economic Co-operation and Development) defines financial literacy as a combination of financial awareness, knowledge, skills. Here's why it's important to be financially literate.


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.


When we think about  professionals in the financial sector, typically chartered accountants or financial advisors come to mind.


Members of the South African Institute of Professional Accountants (SAIPA) need to be aware of the legislation involved when accepting an engagement from a public school.


We all need to be thinking about the future. Our actions today will ripple into the future.


The ACCA-X online learning community kicks into life, with the start of introductory and intermediate courses in Financial and Management Accounting.


The initiative known as the Bonani programme prepares unemployed
accounting graduates for integration into the labour market, and ensures that
they are able to function at successfully in the workplace.


Accounting professionals and entities are well-positioned to contribute to economic success according to ACCA, who recently prepared a paper for a United Nations led conference which outlines the potential of the accounting sector to advance economic growth.


AAT (SA) aims to create a new and exciting benchmark for the accountancy profession and to meet a crucial skill shortage in South Africa. More information on this professional body is available in the form of FAQs.


The Association of Accounting Technicians South Africa (AAT SA) is a professional body dedicated to learning, development, regulation and support for accounting technicians in South Africa.


The Diploma is a two year programme running from February in year one to the end of November in year two. Lectures will be presented after hours (once per week) as per timetable, this amount to a total of 36 contact sessions of 3 hours each. Students will also be required to construct and manage a simulated investment portfolio in year two.


The Certificate in Financial Markets is aimed at persons with a keen interest in financial markets, but who have little or no experience. Upon completion of the Certificate the student will be able to qualify as a Registered Person, in accordance with the requirements of the South African Institute of Financial Markets (SAIFM).


Currently there are 294 debt counselors registered in South Africa, having to cater for over 22 000 individuals who have already sought the help of these debt counselors. This shortage could mean debt counselors will be stretched to their limits to help any added consumers

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