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
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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

The South African Institute of Chartered Accountants (SAICA) launched a far-reaching project to help South Africa?s children. "Books without borders' aims to put books in the hands of pupils to help encourage vital reading and literacy skills.

ACCA has announced a partnership with the Walter Sisulu University that will enable learners, including those from remote rural areas in the Eastern Cape, with an opportunity to access a world-class, internationally recognised professional accounting qualification. Students who complete the ACCA qualification will walk away at the end of their course with "papers?

A new training course aims to give non-financial personnel the financial literacy to make better business decisions. "The reality today, as South Africa battles its way out of a recession, is that these non-financial personnel are challenged to be more careful with money. Gaining basic financial literacy will be vital to their ability to do so,' explains Professor Colin Firer.

Financially stressed workers are less focused, use more sick leave and are often absent from work. PEandR are offing a basic financial education programme for employees which is an essential investment for every business and must form part of every Employee Wellness Programme.

The Association of Accounting Technicians South Africa (AAT SA) is a professional body dedicated to learning, development, regulation and support for accounting technicians in South Africa.

According to an annual FinScope survey, which tracks the use of financial services products in South Africa, a whopping 62% of South Africans simply don't save. If you are among this majority of the population, the first thing to remember is not to panic.

The Association for the Advancement of Black Chartered Accountants (ABASA) in partnership with the Association of Chartered Certified Accountants (ACCA) South Africa recently hosted its first ever ABASA Women’s luncheon at the Saxon Boutique Hotel in Sandton, Johannesburg.

The credit crunch has put a severe strain on many consumers as they find themselves battling to pay back their debts at higher interest rates. But there are ways to protect your rights should you run into financial trouble.

Whether its your first time at writing an exam or the first time after a long gap, preparing for an examination is vital to achieving the results you desire. Toni Valis, ACCA's Head of Education in South Africa, shares some great advice on planning for exam success.

Skills development should not end with giving individuals the necessary training to enter the workforce. Instead, it should extend to ensuring that employees are competent and valuable in their new roles and are able to progress along a defined career path, according to AAT(SA).

An industry that has significantly evolved the way it does business is the Accounting and Finance Industry. According to Lesley Holm at Professional Career Services, technology has impacted this industry, changing the role of the Accountant to more than a balancing-of-numbers person.

Octogen, personal financial wellbeing and debt counsellor specialists, have over the years observed that many consumers are experiencing difficulty in sticking to budgeting techniques that would enable them to manage their funds effectively.

If finance, economy and share trading spark your interest, the JSE/Liberty Investment Challenge is your game. Learn more about the world of the stock market and try your hand at investing on the Johannesburg Stock Exchange (JSE) without running the risk of losing money.

Got a head for figures? Are you the person who always works out who owes what on the bill? Then the courses offered by the Institute of Certified Bookkeepers (ICB) could be your ticket to a successful career in accounting.

The certificate is a one year programme running from February until the end of November. Lectures will be presented on specified Monday evenings and/or Saturday mornings. In total there are 20 contact sessions during the year, being 5 per subject- duration of a session will be two-and-a-half hours

In modern business, finance is implicitly included in virtually every aspect of decision making. The University of Johannesburg (UJ) recognises this fact and has developed a broad approach to assisting individuals in maximizing their potential and achieving success for their business. In this light finance for non financial experts aims to expose individuals to aspects of finance typically encountered in the every day business environment

The Diploma is a two year programme running from February in year one to the end of November in year two. Lectures will be presented after hours (once per week) as per timetable, this amount to a total of 36 contact sessions of 3 hours each. Students will also be required to construct and manage a simulated investment portfolio in year two.

The Certificate in Financial Markets is aimed at persons with a keen interest in financial markets, but who have little or no experience. Upon completion of the Certificate the student will be able to qualify as a Registered Person, in accordance with the requirements of the South African Institute of Financial Markets (SAIFM).

The demand for qualified finance professionals has never been higher, and their work more varied. And whatever your education or career history, you could join the profession today, writes Tonia Valis.

While the Department of Labour is in the final stages of establishing the QCTO framework, Milpark Business School, in partnership with the IOB, has been appointed by the Bankseta to pilot the first official QCTO qualification in the Banking Sector.

Milpark Business School is offering Certificates in Financial Planning at its campuses in Durban, Johannesburg and Cape Town. The purpose of the courses is to equip students with the knowledge and skills they need to work as financial advisers.

When it comes to business, one of the hallmarks of sustainable enterprise and development is a strong finance function. Organisations, whether in public or private sectors, benefit strongly from the discipline of financial management, and especially when it is central to the business function, where it is part of its very culture, writes Quinton Simpson.

It is very clear that there are problems in the arena of financial management and this is reflected in the very poor audit reports received by municipalities over the last five years, writes Natalie Zimmelman. A key cause of this problem is that there is a critical shortage of accounting and financial skills available in the municipalities. This is not surprising. Of the 283 municipalities in South Africa, only 10 received a clean audit report for 2007.

A global body of accountants has called for a balanced approach to the next G20 Summit decisions, warning that optimisim about the economic situation could actually reignite the crisis.

"By improving the skills levels of the people who are in effect the foot soldiers of the accounting sector, the quality of local government accounting can be dramatically improved. Skilled people, coupled with formal processes, also means less opportunity for error and is a step towards eliminating dishonest or corrupt practices,' says Chantyl Mulder.