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

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Articles on Financial Accounting in South Africa

The South African Institute of Chartered Accountants (SAICA) revealed the results of its qualifying examination. The report highlighted growth in the number of first time candidates writing the exam and an increase in the overall number of African candidate passes.

Full-time undergraduate students with a passion for business and finance are invited to register for the Business Challenge 2012 by 30 March 2012. Students across the country will gain global exposure and learn valuable skills through this international business competition.

ACCA recently voiced the desire to collaborate with the department of Public enterprises and other accounting firms in order to fast track transformation within the accounting profession.

A survey into the relevance of corporate reports revealed mixed views as to whether reporting in its current format provides a balanced view of performance. The research revealed that there are gaps in the way in which companies currently report.

A survey of 2 000 members in the area of risk management revealed that small businesses were amongst those, which obtained some of the highest scores for good practices. Based on the survey findings ACCA has developed an online risk health check for businesses.

Over the past decade the number of graduating black chartered accountants has grown steadily but it is clear that much more needs to be done to swell the ranks of black professionals. SAICA is committed to promoting this transformation.

Money transfers via Facebook has been made possible through the latest technological advancement called ZunguZ. Developed by South African entrepreneurs ZunguZ provides a free, secure online money exchange platform for social networking users.

The South African chartered accountancy profession has seen a steady increase in the number of aspiring black chartered accountants passing their Financial Management examinations.

While the end of the tax year is nearly upon us it's not too late to improve your tax situation. Here are some last minute tax-saving tips that could make a big difference to both businesses and individuals.

A review of the salaries for skilled employees and senior positions in the financial sector for 2012, has revealed that Gauteng pays the best, followed by the Western Cape and KwaZulu-Natal. This is according to the latest findings from the CareerJunction Index.

With the realisation that the world of work is changing and becoming increasingly online, and that ACCA needs to develop and support the eProfessional, going forward, ACCA commissioned research into e-learning and e-assessment.

Investing in a foreign country is an ideal way to diversify and tap new markets but only if it is done the right way. Dr. Khater Massaad talks about the opportunities and pitfalls of business expansions.

CIMA SA reported an 18% increase in student registration for 2011. The positive growth is expected to continue in 2012 as a result of the worldwide growing awareness of the value a CIMA-qualified management accountant.

A worldwide research study analysing female perspectives on the global crisis has shown that women accountants are more critical of responses to the global economic crisis and are also likely to be more negative and less trusting of the financial crisis than their male counterparts.

The global economic crisis has emphasised the interdependency of financial markets and businesses across the world, and more finance professionals are seeing the importance of developing global accounting standards.

Savvy business students across the world have the opportunity to gain global exposure and learn valuable skills for the future courtesy of the CIMA (Chartered Institute of Management Accountants) Global Business Challenge.

There are some basic principles of risk management that both financial and non-financial managers should know and understand. Defining and measuring financial risks are the first steps in the process, read more to find out how to manage risky business decisions.

The risks involved in sustaining a profitable business under the current volatile economic conditions is forcing business leaders to embrace an enterprise-wide approach to risk management to cover daily operations and attain long term goals.

The distance learning student of the year award was given to Mario Moto for demonstrating commitment, motivation and discipline through the self-learning programme offered by the Chartered Institute of Management Accountants.

The outcry from financial advisors over the FAIS Act’s requirement that all advisors pass the Financial Services Board’s (FSB) Regulatory Exams resulted in only 11% of financial advisors having written the exams by June 2011.

Financial management is a key tool in controlling and directing the resources of any business or organisation and as a result all employees should be able to analyse the financial information that is essential to decision making in business says Liza van Wyk.

The ongoing monetary investment into the University of Limpopo, which is to take place over a three year period, will ensure sustainability of the SAICA accreditation for the University’s accounting programmes.

The role of the accountant is changing, in future accountants will need to translate what they do with numbers into data patterns. This is according to Graeme Codrington who addresed ACCA members at a recent gala dinner .

The country needs to double the number of accounting professionals it produces and the recent accreditation obtained by the University of Limpopo to develop accounting skills has signalled a breakthrough in the financial sector and accelerated the national drive to develop skills.

ACCA's Annual Sustainability Reporting Awards ceremony brought to light the need to find ways of intentionally recognizing, recording and reporting on what businesses are doing to sustain the environment in order to promoted green practices.