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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Financial Accounting Training Companies

Articles on Financial Accounting in South Africa

ACCA comended SARS for its contribution to transformation in the accounting profession through various training programmes and intitatives at the ABASA Gala dinner, which recognised organsations and individuals that had contributed to the finacial sector.

Today large corporate companies who have been spending millions of dollars and rands in premiums for insurance have taken a different approach in trying to fund and reduce premiums spent on the risks they are faced with on a day to day basis. As a result we have now seen the emergence of captive Insurance.

Organisations that have included risk management as part of the daily activities have a higher record of overcoming the challenges that have defeated many during the economic recession. Hillary Magede talks about the barriers and benefits of implementing a sound risk management system.

Gone are the days when becoming a financial advisor was something to do in your gap year to earn a few quick commission bucks while figuring out what you want to do with the rest of your life, Jaco Coetzee dispels some common myths associated with a career in financial advice.

The Financial Services Sector Act has redefined the landscape of training and learning within the finance industry and training expert Esther Venter speaks about the legislative requirements that companies must meet in order to render financial services in future.

With the investment and wealth management industries falling under increasing scrutiny during this high risk, post recessionary period, the need for key qualifications is essential but Jack Hammers' Debbie Goodman-Bhyat speaks about the poor supply of accredited financial advisory firms.

South African CIMA students are feeling confident about their future job security, according to the latest global CIMA (Chartered Institute of Management Accountants) Student Salary Survey revealed today.

Accounting and financial skills shortages are currently estimated at around 22 000 and according to the new Head of ACCA SA Nadine Kater these statistics are likely to impact negatively on business in general as 'all projects need strong financial management skills.'

Hillary Magede highlights achievements in the risk management field in SA by relating them to international standards, while raising pertinent questions about this system, on the heels of an economic nightmare that has left many doubting the effectiveness of local risk management practices.

Words such as accretive, accruals and accumulated depreciation can strike fear in the hearts of even the toughest executives, but can non-financial managers combat their accounting fears? According to Mark Samowitz the principles of Accounting Comes Alive "make accounting accessible and understandable to anyone.?

The National Treasury's requirement that people working in finance must possess certain minimal qualifications by the end of December 2012 spurred Metrobus into partnering with Certified Chartered Accountants SA (ACCA SA) to bridge the skills gap of its finance and accounting support staff.

An ACCA survey shows that businesses are becoming increasingly unable to respond to the inflationary challenge through cost-cutting while decreasing investor confidence, high inflation and low investment combined with other negative trends could lead to further economic instability in the near future.

The CIMA Global Business Challenge, which featured representatives from 17 countries, (GBC) 'is designed to bring out the best in potential young business leaders and give them a global platform from which to showcase their talent.'

Deloitte launched its Future Leaders Development Programme for the third consecutive year in a bid to encourage corporate South Africa to develop previously disadvantaged young people as future leaders. Students are recruited exclusively from the Thusannai Work Readiness Programme.

Professor Ben Marx from the University of Johannesburg, was awarded the Outstanding Contribution to Accounting Research Award at the recent Southern African Accounting Association (SAAA) international conference in Fancourt.

The population is underinsured for death and disability to the tune of R18.4-trillion highlighting the urgent need for more financial advisors to address the savings crisis and help consumers with their financial planning.

SME accounting practitioners are playing an important role in terms of developing a pipeline of accounting talent in SA. Benson and Son Managing Director, Nic Benson, believes learners are exposed to a far broader spectrum of business in a small practice than they are in a big practice or corporate.

Emeritus Business College announces the start of a strategic partnership with ExP Group, during the ACCA open day. Members along with ACCA training institutions gathered to exchange valuable information on how to achieve life and business success.

The revised Draft Financial Services Charter (FSC), gazetted by Department of Trade and Industry Minister Rob Davies, has been welcomed by Keith Levenstein, CEO of EconoBEE. The public have 60 days to comment - from the date of publication, which was 10 December 2010

South Africa's financial sector has the potential to be among the best in the world, provided it can attract more accounting technicians to the profession.

The Association of Chartered Certified Accountants has recognised Emeritus Business College as an ACCA Gold Approved Learning Partner for Student Tuition - only the seventh tuition provider in SA to achieve this status.

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.

Competent accounting staff who understand not only what they should be doing, but why - and the consequences of error - are critical to all successful businesses.