ICB National Diploma: Technical Financial Accounting

What is Technical Financial Accounting?

A Technical Financial Accountant is primarily responsible for, amongst other functions:

• Ability to operate with management in an accounting environment.
• Comprehensive knowledge of bookkeeping, financial accounting, management accounting, cost accounting, personal and business taxation, business law and accounting control.
• Thorough knowledge of personal and business taxation and of the Income Tax Act.
• The calculation of taxable income for both individuals and businesses.
• The skills for the completion of income tax returns.
• The ability to provide advice to clients and to be current on South African income tax calculation and collection.
• Working knowledge of business law and accounting control (the audit function).
• Contract Law, Insurance Law, Insolvency Law.
• Internal and Computer Auditing.
• Completing monthly and annual SARS returns on behalf of a client.

Entrance Requirements

Grade 12 (or equivalent), AND
Successful completion of the FET Certificate in Bookkeeping (Certified Senior Bookkeeper)
OR Be a qualified Certified Senior Bookkeeper

Programme Duration

Recommended 36 – 48 months of study

Programme Outcomes

In order to complete the National Diploma in Technical Accounting, students must complete all of the following Subjects:

Bookkeeping to Trail Balance
Payroll and Monthly SARS Returns
Computerised Bookkeeping
Business Literacy

AND

The subjects from this qualification, the FET Certificate in Bookkeeping (Certified Senior Bookkeeper):

Financial Statements
Cost and Management Accounting

AND

The subjects from this qualification, the National Diploma in Technical Financial Accounting:

Income Tax Returns
Business Law and Accounting Control

For a DETAILED COURSE STRUCTURE, please click here.

Assessment and Award

Assessment is based on the submission of a Portfolio of Evidence (PoE) which will comprise of 3 formative activities, 2 formative evaluations and one summative assessment. PoE assessment comprises formative / interim assessment of activities (assignments) and evaluations (tests) that count 30% towards the total mark. A Summative Assessment (final exam) contributes to the remaining 70% of your marks. The PoE is basically a file containing all the evidence necessary for a learner to be declared competent against the relevant outcomes.

Accreditation

Please note that this programme is accredited by FASSET.