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
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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

There is currently a strong emphasis on increasing the number of women holding corporate board directorships across the world. Focus too needs to be placed in SA where women are accelerated to executive positions.

ACCA has announced its support in ensuring students are supported financially as the educational system has had varying success in terms of how well candidates study and how motivated they are. ACCA has identified the role financial stability plays in student success.

The services and responsibilities of accountants and auditors are often intertwined,
yet both fields are unique and distinct from one another. If you are considering a
profession in the auditing field, here are some things you should know.

Businesses would in the future need to start considering the effect it has on natural resources. The current usage of this is not sustainable and could lead to a shortage of resources. This has implications for long-term business performance

The idea of seeing employees as the greatest asset has become a popular concept in
the 21st century, but what about the actual physical assets of the business? Is
physical asset maintenance no longer important?

New research shows that in the 2011 to 2012 period the insurance sector has
continued to grow despite a large number of resignations and dismissals largely
attributable to issues surrounding the new legislation.

The Chartered Institute of Management Accountants has recently signed an endorsement agreement with The Independent Institute of Education which endorses various subjects in accounting through it's colleges. The endorsement of learning programmes would ensure the programmes are of a high quality.

Developing learners who are ready for the world of work and ensuring graduate
employability has become a priority amongst leaders in the skills development sector.
The Fasset-funded Ithemba programme has been designed for this very purpose.

The World Economic Forum recently rated the quality of South Africa's maths and science education last-amongst 62 countries, a clear indication of the poor level of financial education and one of the major hindrances to financial inclusion.

South African students in universities and colleges across the country have the opportunity to gain global exposure and learn valuable skills for the future, through the CIMA Global Business Challenge 2013.

Reserve Bank Governor Gill Marcus became the first person to use the country?s new bank notes bearing the face of former President Nelson Mandela. The new notes contain various security features and for the visually impaired, the notes feature a different flash for each denomination.

Investment on the African continent should be evenly distributed to benefit all levels of society given the high levels of inequity. Several principles should be considered when focusing on financial development.

The South African National Council for the Blind has commended the new Mandela banknotes that came into circulation. The organisation was also consulted by the Reserve Bank in the process for creating the new notes to ensure that the notes were made to be accessible to visually impaired users.

To prevent individuals being engulfd in debt representatives of major retail banks, the Banking Association of South Africa and the National Treasury have signed an agreement aimed at improving responsible lending.

The lack of employment equity compliance in the financial services sector is due to businesses having no commercial motivation to transform. Government therefore needs to lead the charge by only considering companies with favourable employment equity scorecards says Adam Samie.