Accounting Officer (Occupation Code : 242209)

Scarce Skill
Description

Determines whether the annual financial statements of a company or close corporation are in agreement with the accounting records of the company or corporation; reviews the appropriateness of the accounting policies represented to the accounting officer a

Tasks

Preparing, examining, or analysing accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.

Developing, implementing, modifying, and documenting recordkeeping and accounting systems, making use of current computer technology.

Reporting to management regarding the finances of the organisation.

Analysing business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.



Occupation Regulation

Accounting officers who work for organisations are not regulated through legislation.  However, private practitioners who act as Accounting Officers of Closed Corporations (CCs) perform a statutory function (in terms of the Closed Corporations Act) and they have to be members of professional bodies such as SAICA, SAIPA, ACCA or SAIBA.



Learning Pathway Description

The professional pathways leading to the designations CA(SA), PA(SA) or FCCA are described under the occupation Accountant in Practice.  All these pathways will enable a person to become an Accounting Officer for CCs.  Accounting Officers for other organisations can follow the pathways for General Accountant and Management Accountant. Please refer to these occupations for more information.

Pathways that are specifically aimed at the Accounting Officer occupation include a learnership that is offered through the Institute for Accounting and Commerce (IAC).  The first pathway allows for entry through a NSC Diploma Entry and a National or Higher Diploma in Accounting.  The second pathway also requires a NSC Degree Entry followed by a Bachelor of Accounting degree.  The major subjects that are required are Financial Accounting III, Income Tax III, Auditing or Internal Auditing II and Corporate Law.  These qualifications serve as the theoretical component of the learnership.  The practical component must be done at an IAC approved employer.  At the end of the learning pathway the candidate has to pass the IAC oral examination.



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