Accounting Made Easy

R6,900.00

This course is designed to make sense of the core concepts of financial accounting, which form the basis for the preparation and presentation of financial statements. Acquire applied competencies necessary to perform basic accounting functions. Gain an understanding of the elements of financial statements, the accounting equation, the accounting cycle, the analysis of financial statements, and value-added tax (VAT).

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As an institution that is responsive to changing student requirements in certain sectors of the market, we have introduced an online option offering shorter courses. These courses provide quick wins for busy professionals and can fast-track careers in a matter of weeks or months. Professionals can stay at the cutting edge of industry-relevant skills development, as they compete in the dynamic 4IR (fourth industrial revolution) job market. Like our distance courses, our online courses allow you to register at any time.  Studying is flexible and can be scheduled according to your needs.

COURSE DURATION:

12 Months

COURSE START DATES:

You can start studying this course at any time of the year as soon as you have completed your registration, you can get started. There are no specific registration dates!

COURSE INFORMATION:

Study Phase 1: Quiz 1

  • Forms of business ownership
  • Elements of financial statements
  • The accounting equation
  • Keeping track of day-to-day business transactions
  • The monthly accounting procedures

Study Phase 2: Quiz 2

  • Understanding financial statements
  • Analysing financial statements
  • Ratio analysis as the preferred financial statement analysis technique

Study Phase 3: Quiz

  • Value Added Tax (Vat)
  • Value Added Tax (Vat) returns
ASSESSMENT:

Work through the workbook. At the end of each Study Phase, there is a quiz to complete. You need to complete and pass each of the quizzes with a minimum of 70% to get a certificate. No restrictions on your attempts.

COURSE EXIT OUTCOMES:

1. Apply fundamental accounting principles to various forms of business ownership, considering their characteristics, advantages, and disadvantages.
2. Calculate and differentiate assets, liabilities, and owner’s equity, employing correct classification methods for each.
3. Prepare financial statements, including income statements and balance sheets, using standard accounting practices.
4. Post to ledgers and journals accurately, demonstrating an understanding of the double-entry bookkeeping system.
5. Draft business financial reports, interpreting financial data to inform business decisions.
6. Analyse different types of companies and trusts, assessing their financial structures and legal implications.
7. Summarise the process of forming a company and the roles and responsibilities of the Companies and Intellectual Property Commission (CIPC).
8. Develop strategies for changing business ownership forms, considering legal and financial implications.
9. Evaluate the advantages and disadvantages of franchising, detailing the duties of parties in a franchise agreement.
10. Construct comparative analyses of different business structures, recommending optimal structures for various business scenarios.

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