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Course Title:   Financial Accounting

ABOUT THE SHORT LEARNING PROGRAMMES

This short learning programme offers bookkeepers with the ability to keep and maintain a set of accounts up to Trial Balance, an opportunity to extend their expertise to the drawing up of the Statement of Comprehensive Income (Income Statement) and Statement of Financial Position (Balance Sheet) and the drafting of the Cash Flow Statement. In addition, the programme provide for an understanding of the key elements of Financial Statements.

The preparation of the Statement of Comprehensive Income and Statement of Financial Position from the Trial Balance is a critical part of the accounting function. It paves the way for sound financial management in any business.

PROGRAMME OUTLINE:

Introduction
·     -  The accounting process (cycle) revisited - from transactions (source documents) to pre-adjustment Trial Balance
·     - Different methods of recording, valuing and reporting inventory.
·      - Value-added tax (VAT)

Preparation of the end of period Final Accounts such as Trading and Profit and Loss Accounts

·       - The transfer of summarized closing balances on income and expense general ledger accounts (nominal accounts) to the trading and profit and loss account
·       - Determination of the net profit or loss for the period under review after taking into account end of period adjustment
·       - Preparation of an Post-closing Trial Balance

Preparation of the Statement of comprehensive Income and Statement of Financial Position and correction of errors

·       - Correction of errors and suspense accounts
·       - Preparation of the Statement of Comprehensive Income (Income Statement) from the final accounts such as trading account and profit and loss accounts
·       - Preparation of a Statement of Financial Position (Balance Sheet) from the post-closing trial balance.

Personal, Company and Close Corporation Tax

 - The concept of value added tax (VAT) (revisited).
-  Determination of personal income tax such as Pay As You Earn (PAYE) and Standard Income Tax on Employees (SITE) as prescribed by the Income Tax Act
 - The methods of payment of tax for companies and close corporations
 - Provisional tax payment

Other Statutory Deductions

 - Unemployment Insurance Fund (UIF).
 - Pension or Provident Funds
 -  Medical Aid Funds
 
Different forms of entities (ownership)

·       - An introduction to Partnership, Non-trading concerns and Close Corporations
·       - Preparation of the Statement of Comprehensive Income and Statement of Financial Position for the above
·       - Introduction to Companies: formation and characteristics
·       - Share capital: Authorised share capital and issued share capital
·       - Share premium

Preparation of Annual Financial Statement (AFS) of Companies

·       - Mandatory disclosure requirements in the preparation of Companies’ Statement of Comprehensive Income, Statement of Financial Position and

Statement of Changes in Equity

·       - Introduction to Cash Flow Statements
Preparation of Cash Flow Statements and the related notes

CERTIFICATION

The Financial Accounting (Advanced Bookkeeping) Diploma is a short learning programme (SLP) that is certified by The Independent Institute of Education and endorsed by the Chartered Institute of Business Management (CIBM).

WHO SHOULD ENROL FOR THE PROGRAMME

 Those already familiar with the rules and procedures of bookkeeping up to Trial balance but who wish to extend their expertise to the Statement of Comprehensive Income and Statement of Financial Position.
 Those who wish to acquire a greater depth of knowledge of the bookkeeping process especially with regard to more unusual transactions
 Those who in their capacity of bookkeeper, may be required to administer or supervise statutory personnel returns (PAYE, UIF, etc)
 Those who wish to carry out or administer the accounting function in their own business.

SHORT LEARNING PROGRAMMES:

All programmes that are available through College Campuss School of Business and Technology are short learning programmes (SLPs) that have been specifically designed for working adults. These SLPs differ from the full qualifications that are also available through College Campus and which are registered on the National Qualifications Framework. Before you register you must ensure that the programme that you select best suits your individual learning and workplace objectives.

DURATION AND COMMENCEMENT DATES OF PROGRAMMES

Classes are held on Saturday mornings over 12 weeks. Next programme start: Please see programme start dates.

PROGRAMME MATERIAL:

The programme fee includes all programme material which becomes the property of the student. This material constitutes a valuable source of on-going reference.

PROGRAMME EVALUATION:

The programme assessment includes a group assignment, test and formal written examination at the end of the programme. Should a student fail to achieve the required mark, he/she may repeat the programme at no additional charge within 18 months of first registration (subject to certain conditions).

Course Title 2 Financial Accounting Classification Business -> Finance Course Requirements Price Notes

Course Information Location Gauteng - Johannesburg Course Type Part Time Day Start Dates 25 June 2011 Length of Course 12 weeks (Saturday mornings) Final Registration Date

Contact Details Name College Campus Parktown Phone 0861253276 Email pkistencollegecampus.co.za