Accountant in Practice (Occupation Code : 241106)
DescriptionProduces, prepares and analyses financial statements in support of a businesses as a going concern and provides advisory services in this regard.
Keeping full accounts for clients, based on the documents that they provide, making sure the accounts are accurate.
Preparing financial statements and reports and budget forecasts.
Managing cash flow, credit control or payroll for clients' businesses.
Providing consultancy services to clients, advising them on how to improve their companies’ performance and increase profits.
Improving financial systems for companies and helping put them into practice.
Preparing and submitting tax returns on behalf of clients, calculating tax liability, providing tax advice to clients and dealing with the South African Revenue Service on behalf of clients.
Working on company mergers or buyouts, or helping companies in money raising activities.
Conducting financial investigations in such matters as suspected fraud, insolvency and bankruptcy.
Step 1 : Admission requirements
- NSC Bachelor Admission
Admission into a Degree requires the achievement of a National Senior Certificate (NSC) with the minimum requirements for admission into a degree or a National Certificate (Vocational) NC(V). In addition, each education institution has its own unique entry requirements for each of its programmes. It is important to check the entry requirements for this programme with the institution of your choice before you apply.
Step 2 : General Qualification
Step 3 : Learnerships
- Learnership - Professional Accountant in Practice Level 7
This learnership is offered through SAIPA. It is a three-year learnership and it should be completed at an employer that has been approved by SAIPA.
Step 4 : Final assessment
- Certificate in the Theory of Accounting
The Certificate in the Theory of Accounting (CTA) is offered by SAICA-accredited universities.
Step 5 : Designation
- Designation: Chartered Accountant (SA) (CA(SA))
This designation is awarded by SAICA upon completion of the learning pathway as described above. To retain this designation one has to remain a paid-up member and satisfy all the membership requirements of SAICA. A designation is a title that professional persons may use (write behind their name) to indicate that they are fully qualified in a certain professional field and are members of a professional body. It also indicates that the persons subscribe to the code of conduct of that professional body.