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Senior Bookkeeping: Financial Statements
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College: College SA
Course: Financial Statements
School: Bookkeeping and Accounting Studies
Programme Type: Short Course
Partner Institute: ICB - The Institute of Certified Bookkeepers
Award Type: Short Course Certificate
Award Issued by: ICB - The Institute of Certified Bookkeepers
Accredited by: FASSET
SAQA ID: N/A
NQF Level: N/A
Course Duration: 7 - 9 months
Entrance Criteria: You should be competent in:

  • Grade 10 level Communication
  • Grade 10 level Mathematical Literacy
  • You should have a good understanding of bookkeeping


WHAT IS FINANCIAL STATEMENTS?

This learning area provides skills for the Senior Bookkeeper. It incorporates depreciable asset disposal, year-end adjustments, preparation and analysis of financial statements for sole proprietorships, partnerships, close corporations and companies. It includes a comprehensive study of cash flow statements.

COURSE STRUCTURE SUMMARY

In order to successfully complete Financial Statements, all of the following Learning Modules must be completed:

•    Learning Module 1: Finalisation and interpretation of accounts
•    Learning Module 2: Depreciable assests
•    Learning Module 3: Financial statements of the sole trader
•    Learning Module 4: Partnerships
•    Learning Module 5: Close corporations
•    Learning Module 6: Companies
•    Learning Module 7: Statement of cash flows

PROGRAMME OUTCOMES

•    Tactics for Winning
•    Complete a comprehensive monthly bookkeeping cycle
•    Run a year-end via the trading- and profit and loss accounts
•    Basic financial statements through a series of ratios
•    Calculate and record depreciations
•    Prepare income statements and balance sheet
•    Prepare cash flow statements
•    Difference between cash and profits

ASSESSMENT AND AWARD

Once you have successfully completed the necessary assignments prescribed by College SA, you may apply to complete the examinations with the ICB. Upon successful completion of your one exam, 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.

WHY SHOULD I STUDY FINANCIAL STATEMENTS?

Every business must send out financial statements at some point.  It would be of great value to you as the employee and to your employer if you are able to finalise financial statements and if you know all there is to know about financial statements.  You will become indispensable.

IS THE FINANCIAL STATEMENTS THE RIGHT COURSE FOR YOU?

If you answer YES to these questions, then this course is the course for you!  Get right in there and register for this course!

1.    Do you wish to register for a course that is endorsed by a Professional Institute?
2.    Do you wish to register for a course that will give you skills in Bookkeeping?
3.    Are you thinking about becoming one of the following: a Senior Bookkeeper, an Accounts Clerk, a Debtors Clerk, a Creditors Clerk, or a Payroll Clerk?
4.    Would you like to increase your knowledge and skills of Bookkeeping without having to attend any classes or seminars?
5.    Do you want to work in a business?
6.    Do you want to work with financial statements specifically?

OTHER COURSES YOU MAY BE INTERESTED IN:

•    Computerised Bookkeeping
•    Business Literacy
•    Payroll and Monthly SARS Returns
•    Bookkeeping to Trial Balance
•    Cost and Management Accounting
•    Business Law and Accounting Control
•    Income Tax Returns
•    Corporate Strategy
•    Management Accounting Control Systems
•    Financial Reporting and Regulatory Frameworks
•    Accounting Theory and Practice


Call the College on 0800 21 23 22 to find out how you can register for one of these courses.



WHAT WILL I GET WITH MY COURSE?

•    A Welcome Pack with Tactics for Winning
•    Excellent study material approved by the ICB
•    Your personal tutor to help you with your studies
•    Regular contact from the College to keep you on track
•    A regular newsletter with important College information and news about other students!


THE INSTITUTE OF CERTIFIED BOOKKEEPERS

The Institute of Certified Bookkeepers (ICB) was established in 1931 with the objective of promoting quality training and qualifications for Junior Bookkeepers, Senior Bookkeepers and Accounting Technicians in Southern Africa, as well as providing qualifications in the areas of Office Administration and Business Financial Management.


IMPORTANT EXAM INFORMATION

It is very important that you register as a Student Member of the ICB, and that you register for your Exams, before the exam registration closing date. Note that if you are not a Student Member of the ICB, your registration for the exam will not be accepted.

Please note that the ICB Exam fees are not included in your programme fees.


“ALL-INCLUSIVE” OPTION

If you want your Tuition fee with the college to include all your exam fees and your membership fees, you can choose our “all inclusive” package. This is a little more expensive, but then we take care of all membership and exam fees, and 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 in-advance payment, or in monthly payments. This means that you do not have to worry about being able to afford future exam fees and membership fees, since the college will take care of it on your behalf.

Note that the All-Inclusive option gives you membership and subscription for one year. And that the college will pay for one exam per subject. If you fail an exam, you will have to make additional payments to re-write the exam.


INTERESTED? WANT TO FIND OUT MORE?

If you would like to find out more about Financial Statements, 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. One you have paid for the course, you are entitled to recieve 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.