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Certificate Accounting NQF level 5

About the Course

The NQF Level 5 Certificate in Accounting covers more complex accounting tasks, including drafting financial statements, managing budgets and evaluating financial performance. Students will also have the opportunity to specialise in areas from tax to auditing and credit control. This qualification create the ideal progression pathway after the completion of Levels 3 and 4, or if you are at a more advanced stage in your career The AT(SA) qualification has the benefit of being internationally designed against a global standard and quality assured by the South African Institute of Chartered Accountants (SAICA).

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Program Outline
1. Financial Statements

Principles of drafting financial statements
• Understand the regulatory frame that underpins financial reporting.
• Understand the key features of a published set of accounts.
• Understand the basic principles of consolidation.
• Appreciate the analysis and interpretation of financial statements.
Drafting financial statements
• Draft statutory financial statements for a limited company
• Draft simple consolidated financial statements
• Interpret financial statements using ratio analysis

2. Budgeting

Principles of budgeting
• Demonstrate an understanding of the internal and external business factors in budgets
• Understand why budgets are used
• Understand the skills needed in budget preparation
Drafting budgets
• Prepare forecasts and budgets
• Understand the impact that changes in the economic environment will have one on the budget
• Use budgetary control to ensure organisational targets are met

3. Financial Performance

Principles of managing financial performance
• Demonstrate and accurate understanding of the internal and external factors that affect organisations
• Be aware of the cost accounting techniques needed in monitoring financial performance
• Understand the techniques necessary of measuring performance and managing costs
Measuring financial performance
• Collate information from various sources and prepare routine cost reports
• Make suggestions for improving financial performance by monitoring and analysing information
• Prepare performance reports for management

4. Internal Control and Accounting Systems

Principles of internal control
• Demonstrate an understanding of the role of accounting within the organisation
• Understand the importance and use of internal control systems
• Be able to identify and use the appropriate accounting system to meet specific organisational requirements
Evaluating accounting systems
• Evaluate the accounting system and identify areas of improvement
• Make recommendations to improve the accounting system

5. Credit Management and Control (Elective)

Principals of credit management
• Understand legislation impacts upon credit control
• Understand how to use and prepare information from a variety of sources to manage the organisations granting of credit
• Be aware of a range of techniques and methods of credit control that may be used within an organisation
Control of debt and credit
• Grant credit to customers within organisational deadlines
• Manage the supply of credit

6. Personal Tax (Elective)

Principals of personal tax
• Demonstrate an understanding of legislation and procedures relating to personal tax
• Understand the current taxation principals of income from employment
• Understand the taxation principals of savings, non savings and dividend income for an individual
• Understand the current taxation principals of property income for an individual
• Understand the current taxation principals of basic capital gains taxation for an individual
Calculating personal tax
• Calculate income from all sources accurately
• Calculate accurately the tax payable on income
• Account for capital gains tax correctly
• Prepare accurate computations and complete relevant parts of self-assessment tax returns correctly

Principals of personal tax
• Demonstrate an understanding of legislation and procedures relating to personal tax
• Understand the current taxation principals of income from employment
• Understand the taxation principals of savings, non savings and dividend income for an individual
• Understand the current taxation principals of property income for an individual
• Understand the current taxation principals of basic capital gains taxation for an individual
Calculating personal tax
• Calculate income from all sources accurately
• Calculate accurately the tax payable on income
• Account for capital gains tax correctly
• Prepare accurate computations and complete relevant parts of self-assessment tax returns correctly

7. Business Tax (Elective)

Principals of business tax
• Understand the impact of legislation and legislative changes
• Understand tax law and its implications for unincorporated business
• Understand tax law and its implications for incorporated business
• Understand how to treat capital assets
Calculating business tax
• Prepare the relevant pages of a tax return for an unincorporated business and accurately produce the computations to support this
• Correctly complete corporation tax returns with all supporting computations for incorporated businesses

8. External Auditing (Elective)

Principals of external auditing
• Demonstrate an understanding of the legal and professional standards required for an external auditor
• Understand the organisations external auditing procedure
• Understand a range of auditing techniques and know which to use when planning audits on different aspects of the systems
• Understand a range of audit documentation and recognise the appropriateness
Auditing Financial statements
• Be able to help plan an audit accurately identifying areas to be verified and any associated risks
• Undertake an audit under supervision
• Prepare draft reports for approval

EXIT LEVEL OUTCOMES
The achievement of this qualification can lead to the professional designation Member of the Association of Accounting Technicians. Those awarded the professional designation will be entitled to use the post-nominal title MAAT(SA). Once you’ve achieved this level, you’ll be the proud owner of the highest level of the AT(SA) Accounting Qualification.

With evidence of one year’s relevant work experience which has been attained while you were completing this qualification you will be able to apply to become a Platinum member of AT(SA) and use the letters MAAT(SA) after your name.