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Financial Accounting Courses In South Africa
Financial accounting involves preparing the financial statements and financial reports to be used by the external stakeholders of an organisation. For financial accounting purposes, financial statements are prepared in accordance with prescribed accounting standards, such as the generally accepted accounting principles (GAAP).
What Is The Purpose Of Financial Accounting?
Financial accounting information can be used to determine the financial position of an organisation at a specific point in time, as well as the financial performance of an organisation over a certain period of time.
What Will I Learn When I Study Financial Accounting?
When you study a financial accounting course in South Africa, you will learn how to:
- Record financial transactions using the double-entry system.
- Draw up financial statements (income statements, balance sheets and cash flow statements) in accordance with the generally accepted accounting principles (GAAP).
- Compile financial reports.
- Perform financial calculations.
- Communicate financial information to the relevant stakeholders.
Where Can I Study Financial Accounting In South Africa?
You can study with Oxbridge Academy. With Oxbridge Academy, you can choose to study any of the following courses from home via distance learning:
Short Learning Programmes
- Oxbridge Academy Skills Certificate: Payroll and Monthly SARS
- Oxbridge Academy Skills Certificate: Bookkeeping
National Qualifications (N4-N6)
- National Certificate: N4 Financial Management (SAQA ID 66874)
- National Certificate: N5 Financial Management (SAQA ID 66954)
- National Certificate: N6 Financial Management (SAQA ID 66998)
Please note that these courses, on their own, will not qualify you as a financial accountant. They are designed to introduce you to financial accounting, and to prepare you for further study in this field.
While Oxbridge Academy is based in South Africa, we are a distance learning college, which means that you can study our courses from anywhere in the world.
What Does A Financial Accountant Do?
Financial accountants are responsible for drawing up financial statements and providing financial information that can be used by external stakeholders (such as investors and creditors). The financial information that they provide must be credible, easy to understand, and comparable to that of other organisations.
In addition, financial accountants are often required to:
- Give financial advice and make recommendations in relation to financial matters.
- Respond to financial enquiries from various stakeholders.
- Prepare and submit tax returns.
- Develop, implement and review financial recordkeeping systems.
- Supervise bookkeepers and assistant accountants.
Financial accountants can also choose to specialise in certain fields, such as tax accounting, forensic accounting, or internal auditing.