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

Changing the perception of risk and how this is managed are the keys to realising real returns in new markets. Innovative fields of expertise are now required to manage the increasingly complex investment decisions expected of boards.

The winners of the 2011 Association of Certified Chartered Accountants South Africa, (ACCA SA) Sustainability Reporting Awards were announced at a special function at Hyatt Regency in Rosebank, Johannesburg. Assessments were based on Sustainability Reports submitted for the 2011 reporting period.

Many employees budget on incentives or bonuses and when downturns occur and they suddenly find themselves with less than expected capital, the situation can lead to illicit actions.

At least ten micro-lenders have been identified in Marikana by the National Credit Regulator. These lenders are engaging in illegal activities such as granting unsecured credit. People are being enticed into taking loans under difficult circumstances and which do not solve their financial problems.

The R84 million investment into the new Walter Sisulu University?s Accounting department will ensure that WSU receives SAICA accreditation and maintain teaching and learning standards that are consistent with the demands of the Chartered Accountancy profession.

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.