***Financial Accounting - National Diploma 2024***

Pre-requirements:
National Diploma: Technical Financial Accounting (previous 8 modules)
English proficiency
Grade 12 or equivalent

Description:

A financial accountant is able to compile annual financial statements, sign off for close corporations, work closely with a chartered accountant and registered auditor and will have a thorough knowledge of accounting theory and practice, corporate strategy and regulatory frameworks.

Modules:

FACS – Corporate Strategy

• Introduction to strategic management
• Strategic management methodologies
• Context of strategic decisions
• Corporate strategy selection
• Strategy implementation
• Continuous improvement through strategic control and implementation

FAMC – Management Accounting Control Systems

• Activity based costing
• Cost-classification, estimation and behaviour
• Cost-volume-profit analysis
• Linear programming
• Standard costing
• Relevant costs
• Expected value theory and decision trees
• Transfer policy and transfer pricing
• Budgeting
• Divisional performance evaluation

FRRF – Financial Reporting and Regulatory Frameworks

• Introduction to international financial reporting standards and the IASB
• IAS – Presentation of financial Statements
• IAS 16 – Property, plant and equipment
• IAS 40 – Investment property
• IAS 36 – Impairment of assets
• IAS 38 – Intangible assets
• IAS 2 - Inventories
• Provisions, contingent liabilities and contingent assets
• IAS 17 – Leases IAS 37
• Financial instruments
• IAS 10 – Events after the reporting period
• IAS 18 – Revenue
• IAS 19 – Employee benefits
• IAS 21 – The effects of changes in foreign exchange rates
• IAS 33 – Earnings per share
• IAS 12 – Income taxes
• IAS 8 – Accounting policies, changes in accounting estimates and errors
• IAS 7 – Statement of cash flows
• Consolidated financial statements
• Financial reporting requirements of the companies Act 2008

RTAP – Research Theory and Practice (By Dissertation)

• How to conduct research in accounting
• How to reference information sources
• Compiling your short dissertation
• Editing and proofreading your dissertation