/ 10 June 2016

Chartered Accounting

Chartered Accounting

What do accountants do?

•   Keep records of companies’ income and expenditure

•   Handle money, cheques and other payments

•   Manage assets

•   Plan what to do with money

•   Ensure all legal requirements are met

•   Manage businesses

•   Compile budgets

•   Control expenses

•   Manage purchases

•   Teach children

•   Lecture at tertiary level

What skills do I need?

•   Excellent maths and analytical skills

•   Interest in banking systems

•   Attention to detail

•   Determination and commitment

•   Excellent language skills

•   Ability to deal with people

•   Presentation skills

What qualifications are there?

•   Advanced diploma

•   Certificate

•   Diploma

•   National certificate

•   Bachelor of commerce in accounting (BComAcc)

•   Bachelor of accounting science (BAccSc)

•   Bachelor of economic science (BEconSc)

•   Bachelor of business science (BBusSc) finance

What subjects do I need?

MUST HAVE


• English


• Mathematics

• Mathematical literacy (for some programmes)

USEFUL


• Accounting

• Computer Science 

• Economics


• Business Studies

What are my career options?

– Accounts clerk

– Administrator

– Asset manager

– Auditor 


– Banker


– Bookkeeper


– Business manager


– Chartered accountant


– Commercial lawyer


– Company secretary


– Compliance officer


– Financial consultant


– Financial planner


– Financial manager


– Financial secretary


– Foreign exchange officer

– Insurance consultant


– Internal auditor


– Investment manager


– Lecturer


– Management accountant

– Office administrator


– Property manager


– Property valuator


– Supply chain manager


– Tax consultant


– Teacher


– Teller

What do I need to become a chartered accountant (CA)?

There are a lot of different jobs in accounting, but becoming a CA means you must be registered, and this involves a few steps:

1.     Get an accredited university qualification (three years)

2.     Get a certificate in the theory of accounting (CTA) (one year)

3.     Do a training contract or learnership (three years)

4.     Pass the Initial Test of Competence (ITC) exam

5.     Pass the Assessment of Professional Competence (APC) exam

6.     Register with Saica as a CA(SA)

Professional bodies

– The South African Institute of Chartered Accountants (Saica)

PO Box 59875, Kengray 2100

Tel: 011 621 6600

www.saica.co.za

– The Independent Regulatory Board of Auditors (IRBA)

PO Box 8237, Greenstone 1616

Tel: 087 940 8800

Email: [email protected] 


www.irba.co.za

– Chartered Secretaries Southern Africa

Tel: 011 551 4000

Email: [email protected]

www.chartsec.co.za

– The Association of Chartered Certified Accountants


Tel: 011 217 2288

PO Box 924, Saxonwold 2132

www.acca.org.za

Useful contacts

– BANKSETA — Banking Sector Education and Training Authority

Tel: 011 805 9661/086 102 0002

www.bankseta.org.za

– Fasset — Financial and Accounting Services Sector Education and Training Authority 


Tel: 086 101 0001

www.fasset.org.za