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Certificate: Accounting NQF Level 5


The advanced level Certificate: Accounting Qualification consists of six modules. The qualification covers higher-level accounting tasks, including drafting financial statements, managing budgets, and evaluating financial performance.

Course code:
AQ-005

Accreditation status:
Accredited by SAICA for Accounting Technician qualifications:
• SAQA ID: 80189
• NQF level: 5
• Credits: 120

Course duration:
18 – 24 Months

Entry requirements:
To study this course, learners need to be competent in:
• English Language literacy
• Computer literacy
• Mathematical literacy

AND
OR

• A learner has completed and been awarded the Certificate: FET Accounting Technician NQF Level 4 qualification.

OR
• The learner undertakes an initial assessment to determine whether the Certificate: Accounting NQF5 is the correct stage at which they should start. This involves examining their previous learning and current skills in accounting.

OR
• A learner with similar qualification and/or experience can apply for recognition of prior learning (RPL). In this case, proof of qualifications and work experience will be required.

Course Structure:
The qualification consists of 6 modules:
1. Financial Statements;
2. Budgeting;
3. Financial Performance;
4. Internal Control and Accounting Systems;
5. Business Tax;
6. Personal Tax.

Competency-Based and Computer-Based Assessments:
All assessments will be completed online, and competence must be achieved in each module. To achieve the qualification certificate, you must be competent in all the modules. AT (SA) Qualifications are competency-based. This means that the learner must display competency in each task according to minimum standards. There are no percentages. A learner is found to be either Competent or Not Yet Competent in the module.

Career Path:
Career path a learner can follow:
• Assistant Finance Manager
• Finance Team Leader
• Accounts Manager
• Financial Controller
• Qualified Accounting Technician

Award:
Upon completion of the qualification, learners will be awarded a Certificate: Accounting NQF Level 5 from SAICA/AT (SA).

Additional information
Holders of the Certificate: Accounting NQF Level 5 qualification benefits:
• Are eligible to apply to become full members of the AT (SA).
• Gain direct entry into the second stage of the Chartered Institute of Management Accountants (CIMA) Professional Qualification. They are exempted from the Certificate in Business Accounting.
• Gain direct entry into the second stage of the Association of Chartered Certified Accounts (ACCA) Professional Scheme. They are exempted from Part 1.
AT (SA) is an associate of SAICA, the foremost accountancy body in South Africa. To find out more about AT (SA), please visit: www.accountingtechniciansouthafrica.co.za.

AT (SA) Membership
After completing this course and gaining one year of relevant work experience at a supervisory level, learners will be able to apply for Platinum Membership with AT( SA).

Contact details
For more information, contact Kufuzu School of Accounting on +27 844575096, +27795342061. Email: tnyagope@gmail.com, mphesa@gmail.com

Learning areas covered: Financial Statements
• Understanding the regulatory framework underpinning financial reporting
• Understanding key features of published financial statements
• Drafting a limited company’s statutory financial statements
• Drafting consolidated financial statements
• Interpreting financial statements using ratio analysis

Budgeting
• Preparing budgets and income and expenditure forecasts
• Assessing budgetary impact of internal and external factors
• Using budgetary control to improve organisational performance

Financial Performance
• Collating and analysing cost information from various sources
• Measuring performance and managing costs appropriately
• Making suggestions for improving financial performance by monitoring and analysing information
• Preparing performance reports for management

Internal Control and Accounting Systems
• Understanding importance and use of internal control systems
• Evaluating the accounting system and identifying areas for improvement
• Conducting ethical and sustainability evaluations of accounting systems
• Making recommendations to improve the accounting system

Business Tax
• Completing corporation tax returns and supporting computations for incorporated businesses
• Understanding impact of legislation and legislative changes
• Understanding tax law and its implications for incorporated / unincorporated businesses
• Understanding capital assets

Personal Tax
• Calculating income from all sources and identifying taxable and non-taxable items
• Applying current legislation to calculate tax payable on income
• Accounting for capital gains tax according to current legislation
• Preparing accurate computations and completing relevant parts of self-assessment tax returns

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No 2 Jan Smurt Greenfields East London 5201