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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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

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Articles on Financial Accounting in South Africa

Government's focus on making graduates more competitive in South Africa?s economy was the impetus behind SAICA's accreditation of the Bachelor of Commerce degree at the newly launched Walter Sisulu University.

The Financial Services Laws General Amendment Bill was this week tabled in Parliament. The Bill addresses urgent issues in eleven financial sector laws including legislative gaps that were highlighted after the 2008 financial crisis and to align these laws with the new Companies Act.

The Walter Sisulu University's Bcom programme will be re-credited so as to further skills development and employment opportunities. The project will also address the country?s human capital needs, given the dire shortage of CAs(SA) in South Africa.

South Africa must ensure that more people can access affordable and easy-to-understand banking and financial services. SA made several moves to improve financial services to the unbanked which include the Financial Sector Charter which set certain targets to for loans to housing and small businesses.

Africa has shown dramatic growth and resilience in recent years, both economically and in terms of the accounting profession. Professional accountants undoubtedly have a significant role to play in capacity building in Africa, including the development of capital markets.

The changes in the market economy over recent years has necessitated an equally revolutionary change in the manner in which internal audit as a discipline is approached.

Are you buried under a mountain of invoices? Many accounts payable managers experience stress and frustration because of inefficient processes and ineffective practices. Here are some tips to improve the performance of financial departments.

Graduates in the accounting sector received expert advice on how to build their careers in the finance industry when ACCA SA recently held its annual graduation evening for new members.

Despite the fact that the actuarial profession is central to the financial wellbeing of millions of South Africans, a recent research report concluded that female black actuaries were poorly represented across the sector.

Globally and in South Africa, there is a growing demand for finance professionals to act as strategic business partners and help drive long-term sustainable success.As a result, finance professionals have never had a better opportunity to progress their careers and make a real mark on their organisation.

The award is presented to the student who possesses both outstanding presentation skills and the ability to convince the judges of their business standpoint. South African student, Sizwe Nxumalo beat over 14,000 students to attain the accolade.

There is a general consensus that good tax governance is one of the corner stones in a modern, democratic country. Major advances in the areas of tax policy and tax administration are required to improve tax revenues and to enhance domestic and international trade and investment.

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.

Selwyn Gardine recently won the ACCA award for his outstanding performance in Financial Accounting. He talks about his road to success, while urging young South Africans to make the best of every opportunity.

ACCA South Africa recently hosted its third Annual General Meeting (AGM). The meeting was well-supported with more than forty ACCA members in attendance.
"The year under review has been a very good year for ACCA globally.

Many small business owners and budding entrepreneurs are unaware of the tax dispensations available to small businesses. Gareth Cotton offers a description of each dispensation and the criteria that businesses must meet in order to access these allowances.

Commonly referred to as "keeping the books', the basics of bookkeeping can be sidelined in a business when the main concern is making that sale or delivering those goods. From collating receipts piled in a shoebox to managing a payment system that uses a cash register, bookkeeping is something every business needs.

The winners of the CIMA Global Business Challenge 2012 , which aims to highlight young business talent and give undergraduates experience in developing business recommendations, has finally been announced and the Wits team have brought home the prize.

CIMA is developing 27 CBA testing centres in eight provinces.This is a distinct advantage for those CIMA students in smaller urban and outlying cities as exam centres will now be present in 19 different city areas.

31 students from the University of Fort Hare received their Honours degrees in Financial Markets, demonstrating Nedbank?s ongoing commitment to education as its R5 million investment into the university bears fruit.

The Chartered Institute of Management Accountants (CIMA) is delighted to announce its Global Business Challenge finalists for the South African finals of this prestige global business competition.

With the current debate around ethical practices in the accounting sector gaining momentum, CIMA's latest online animation tool is set to further challenge members and students about their professional conduct.

The Association of Certified Chartered Accountants offers South Africans a cost effective and manageable way to attain an accounting qualification. What makes ACCA different? Ioannis Eliades explains.

The global business challenge is designed to identify the business leaders of tomorrow. Participants gain valuable skills for the future and an opportunity to gain global exposure through this international business competition.

Murray and Roberts recently enrolled 14 candidates onto ACCA SA?s Foundations of Accountancy Programme. Addressing candidates at the launch, Head of ACCA SA, Nadine Kater said "education is the most powerful weapon that Murray and Roberts can use to change their world'.