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.

Financial Accounting Courses by Region

Financial Accounting Courses South Africa
Financial Accounting Courses Eastern Cape
Financial Accounting Courses Free State
Financial Accounting Courses Gauteng
Financial Accounting Courses KZN
Financial Accounting Courses Limpopo
Financial Accounting Courses Mpumalanga
Financial Accounting Courses Northern Cape
Financial Accounting Courses North West Province
Financial Accounting Courses Western Cape

Financial Accounting Training Courses by Method

Online Financial Accounting Courses
In Class Financial Accounting Courses
Distance Learning Financial Accounting Courses
On Demand Financial Accounting Courses
Presented Financial Accounting Courses

Financial Accounting Training Companies

Articles on Financial Accounting in South Africa

Professionals entering the insurance sector are battling to keep abreast of new
regulations and policies. This situation is having a negative impact on attracting talent
to the industry.

No single organisation is able to solve the shortage of finance and accounting skills
within the public sector. Therefore ACCA has launched the public sector forum which
brings together professional bodies to address this challenge.

The world of investment can be daunting. Faced with unfamiliar concepts and
the thought of potentially losing hard-earned cash, many would prefer to hide their
money under the proverbial mattress.

Technological advances have made the accounts payable process more efficient.
What does this mean for accounting professionals? According to Carel Spies there is a
greater focus on interpretation and problem solving in the finance department.

South African companies, with a good understanding of the impact of non-financial
issues on their business, should provide the benchmark for less mature companies
says Head of ACCA SA, Nadine Kater.

According to new findings from the Global Economic Conditions Survey, with global
economic recovery in sight, Africa has once again become the most business-
confident region in the world.

Many newly qualified chartered accountants confidently enter the job market
buoyed by reports that there is an urgent need for their skills, only to find that the
reality is vastly different.

There is growing demand for well-rounded financial professionals. CFO's now expect
recruits to bring a much broader range of finance skills to the table including the
ability to support businesses, manage risk and develop effective strategies for growth,
among others.

The South African youth have been called to "make something of their lives" through
the learnership opportunities offered by the BankSeta. These programmes offer skills
training and learner support to elected particpants.

The more agile your response to changing financial conditions the more money you
will save. Financial agility during times of economic instability and stress is critical for
organisations and improves the survival rate of businesses.

With the aim of promoting accounting research in Africa the Chartered Institute of
Management Accounting has launched the a centre of excellence. Output of this
innovative research centre will include accounting research papers and local and
regional case study material.

With the aim of providing a framework that will ensure that tax practitioners are
appropriately qualified the Chartered Institute of Management Accountants (CIMA)
has been recognized as a controlling body by SARS.

Are you up-to-date with compliance-related issues in the financial sector? Keeping
abreast of financial policy is no easy task and can often be confusing. Carel Spies
talks about adhering to national legislation.

In an effort to become the brand of choice ACCA has been partnering with an ever-
increasing number of organisations and firms in South Africa, including employers in
corporates, in practice and in the public sector.

Despite the shortage of matriculants with Pure Maths, Fasset has
signed over 50 000 learners onto Fasset learnerships over the past 13 years. Fasset
has shown the Seta has the appetite and expertise to rise to this challenge.

Designed to address the severe skills shortage in the financial sector an initiative
known as the Phadisa Programme has been launched and supported by a number of
training and finance industry role-players.

A new report from AICPA and CIMA reveals how finance professionals at Coca-Cola,
Royal Dutch Shell and other global innovation leaders help to drive new

The role of the Chief Financial Officer has changed and these professionals are
to cope with the new pressures. High staff turnover, keeping up to date with new
technologies and compliance issues were listed as some of the challenges facing
CFO's in
various industries.

As part of their corporate responsibility ACCA SA and Fasset (the Seta for Finance
and Accounting) have adopted Refalletse Primary School in Orange Farm. Together
they have assisted the school with funding and donations.

There has been a slight improvement in the pass rate of those studying to become
registered auditors (RA) or chartered accountants, however there is still a severe
shortage of black auditors, who have a central role to play in achieving inclusive
growth of the South African economy.

85% of SA businesses hold leases, but more than half are unaware of major lease
accounting changes expected by 2014 according to Grant Thornton?s latest
International Business Report findings for 2013.

Confidence and trust in the services provided by public servants has diminished over
the years and the need to set high professional standards in the public sector is
being addressed across the globe.

The Global Reporting Initiative will officially launch its Focal Point South Africa at the Johannesburg Stock Exchange next week, with a mission to make sustainability reporting standard practice for companies and organizations in South Africa and the wider region.

In order to tackle South Africa?s key job creation and youth unemployment challenges,
as outlined in the 2013 State of Nation Address, prominent insurance providers need
to assist with skills development in the country?s fast-growing short-term insurance

Next year personal financial management will move into an entirely new phase of development. Service providers within this competitive space say the continuous focus on research and development and rollout of offerings has helped lay the foundation for growth and the market looks set to attract more operators.