Similarities

Differences

Bookkeeping and accounting are essential for the successful running of any business.

Accounting and bookkeeping are both financial tools used for the recording of business transactions.

In the smaller companies, one person can perform both the accounting and bookkeeping function.

In large companies and corporations they need a whole department of people to perform the accounting and bookkeeping tasks.

There are slight differences between accounting and bookkeeping and they are mainly technical.

Some say you should think of accounting as a giant sifter and of bookkeeping as the process of pouring the stuff into the sifter.

In other words, before you can become an accountant, you first need to master bookkeeping.

Bookkeeping

Accounting

Knowledge:

· Knowledge of general bookkeeping principles, techniques and procedures

· Knowledge of typing and coding purchase orders

· Knowledge of maintaining account balances and reporting on their status

· Knowledge of proper preparation of tabular materials, charts and statistical data

Knowledge:

· Knowledge of accepted accounting practices and principles

· Knowledge of economic principles

· Knowledge of auditing practices and principles

· Knowledge of applicable laws, codes and regulations

Skills:

· Coordinating skills to organise and maintain financial records

· Administrative skills to monitor financial data and interpret financial policies and procedures

· Computer skills

· Attention to detail and accuracy

Skills:

· Attention to detail and accuracy

· Planning and organising

· Strong communication skills

· Information and task monitoring

· Problem analysis

· Judgment and problem solving

· Supervisory skills

· Stress tolerance

· Computer skills

Full Programmes in Bookkeeping and Accounting

Short Courses in Bookkeeping and Accounting

· National Certificate: ICB Junior Bookkeeper, NQF 3

· National Certificate: ICB Senior Bookkeeper, NQF 3 + 4

· National Diploma: ICB Technical Financial Accounting, NQF 3+4+5

· National Diploma: ICB Certified Financial Accounting, NQF 3+4+5+6

· National Certificate: Small Business Financial Manager, NQF 4

· Certified Accounting Technician Qualification (CAT)

· Chartered Certified Accountant Qualification (ACCA)

· Pastel

· ACCA: Introductory Certificate in Financial Management Accounting

· ACCA: Intermediate Certificate in Financial Management Accounting

· ACCA: Diploma in Accounting and Business

· CIMA Certificate in Business Accounting

· CIMA Professional Qualification: Managerial Level

· CIMA Professional Qualification: Strategic Level

· CIMA Professional Qualification: TOPCIMA

· ICB: Computerised Bookkeeping

· ICB: Business Literacy

· ICB: Payroll and Monthly SARS Returns

· ICB: Bookkeeping to Trial Balance

· ICB: Cost and Management Accounting

· ICB: Financial Statements

· ICB: Business Law and Accounting Control

· ICB: Income Tax Returns

· ICB: Corporate Strategy

· ICB: Financial Reporting and Regulatory Frameworks

· ICB: Accounting Theory and Practice

· Management and Accounting Control Systems