Accounting Theory and Practice

College: College SA
Course: Certified Financial Accountant: Accounting Theory and Practice
School: Bookkeeping and Accounting Studies
Programme Type: Institute Programme: Institute of Certified Bookkeepers Single Module
Partner Institute: ICB - The Institute of Certified Bookkeepers
Award Type:

Statement of Competenence

Award Issued by:


Accredited by: Your Unit Standard Certificates will be accredited by FASSET
SAQA ID: Not Applicable
NQF Level: Not Applicable
Membership: ICB
Course Duration: 5 - 10 months
Entrance Criteria:
  • Successful completion of the previous learning areas (1-8) [have completed the Junior Bookkeeping Qualification AND

  • The Senior Bookkeeping Qualification AND have completed the Technical Financial Accountant Qualification, or equivalent qualifications] OR be a qualified Certified Technical Financial Accountant AND

  • Grade 12 AND Learners must be at least 16 years of age AND

  • The ability to read and write in English




What does Accounting Theory and Practice involve?

 This course focuses on research and your ability to critically evaluate accounting standards, especially with IFRS (International Financial Reporting Standards).



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Why should I study the Accounting Theory and Practice course?

 No matter what kind of job you want in business, this course will benefit you. Knowing how accounting works is a great step forward in understanding why you must do what you do in accounting. This course will help you in any accounting discipline.


Typical career opportunities for someone who has done a course in Bookkeeping and Accounting:



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Course Structure

Accounting Theory and Practice (ATP) is the final learning area in the ICB’s Accounting Certification Programme. This learning area follows on from Financial Reporting and Regulatory Frameworks.


ATP is a dissertation/ mini-thesis where the prescribed material is the Financial Reporting and Regulatory Frameworks material. The learner is required to do research and submit this research in the form of the mini-thesis.


In order to complete the Accounting Theory and Practice course, students will have to complete all the following subjects:


    • The framework of accounting

    • Presentation of financial statements

    • Property, plant and equipment

    • Investment property

    • Impairment of assets

    • Intangible assets

    • Inventories

    • Financial instruments

    • Leases

    • Provisions, contingent liabilities and contingent assets

    • Events after the reporting period

    • Revenue

    • Employee benefits

    • The effects of changes in foreign exchange rates

    • Accounting policies, changes in accounting estimates, and errors

    • Earnings per share

    • Income taxes

    • Statement of cash flows

    • Companies Act


Assessment and Award

You must apply to write a mini-thesis with the ICB. Upon successful completion of your mini-thesis, ICB will certify you with a statement of competence.


In order to write the dissertation for the ICB you will have to:


Apply to the ICB and register with them to write their mini-dissertation.


College SA will help you every step of the way with this. Upon successful completion of your mini-dissertation, the ICB will certify you with a Statement of Competence showing the respective Unit Standards which you have completed and FASSET will award you with a Unit Standard Certificate for any Unit Standards that you successfully complete.


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"All-Inclusive" Package

If you want your Tuition fee with the College to include all your Membership and Exam fees, you can choose our "All-Inclusive" Package. This is a little more expensive, but then we take care of all your Membership and Exam fees, and we'll alert you to fill in the Membership and Exam forms.


If you choose this option, you can pay all your study costs in a single advance payment, or in monthly payments. This means that you do not have to worry about being able to afford future Membership and Exam fees since the College will take care of it on your behalf.


Please note that the "All-Inclusive" Package gives you Membership and Subscription for the full duration of your studies. The College will also pay for one Exam per subject. If you fail an Exam, you will have to make additional payments to re-write the Exam.


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Interested? Want to find out more?

If you would like to find out more about the College SA – ICB Certified Financial Accountant: Accounting Theory and Practice course, fill in this short form and then one of our friendly Student Registrars will respond to your questions and provide you with all the information you need.

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Frequently Asked Questions

Where are the Classes?


College SA is a home study college. This means that you do not have to go to class. You study at home, on the train, at work, after hours, on your lunch break, or over weekends! This means that you save a lot of costs that classroom students have to pay. Things like travel costs and accommodation are expensive for classroom students. Obviously it is also safer to study in your own home. It also means that you can work while you study, so you can earn a salary and get your qualification at the same time.


Do I get study material from the College?


College SA includes all your books, course items and study material with your course. So unlike other colleges, we shall not give you a list of books to buy. Once you have paid, you are entitled to receive all the study material you need from us. In some cases there might be recommended reading materials which the college does not provide. But this will only be materials that are not essentials to passing your course.


What is the cost of the study material?


Your study material is included in your course fees, so the college does not charge you for study material.


Do you have a question of your own? Please feel free to ask us.


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