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Accounting Courses In South Africa:

What Is Accounting?

Accounting provides information relevant to the financial position of an organisation. It can be compared to a specialised language that allows you to communicate and understand the financial operations of any and all types of organisations. To become fluent in this language you need suitable qualifications, such as those provided by our accounting courses.

Accounting can be defined as the systematic recording, reporting, and analysis of a business's financial transactions. It allows companies to analyse their financial performance and look at statistics, such as net profit. It is also the process of identifying, measuring, and communicating economic information to permit informed judgements and decisions. The industry is governed by various rules and regulations, such as the Generally Accepted Accounting Principles.

What you will learn in our Accounting Courses

What is Bookkeeping

Our accounting course includes an introduction to basic bookkeeping, which is the systematic recording of what a business owns, what it owes, its expenses, its income, and the results in monetary terms of all its activities. The records need to show:

• Changes from day to day.
• Totals per period of time (such as total annual sales or yearly profit).

Records are necessary to ensure that enough money is available to meet the business's needs, as well as plan for the future. To this end, records must be meaningful, accurate and reliable.

The Accounting Equation

Every transaction has two effects. For each transaction you HAVE to make two entries. One shows an increase, the other a decrease.

Introduction to Financial Management

In today's business environment managers need a wide base of knowledge and skills. They also need a good understanding of the business environment and of their organisation's key resources.

Although the primary task of financial managers is to manage finance, they are still part of a management team. Their contribution must enhance the total management effort, which requires co-ordination with other functional activities.

The primary role of an organisation's finance function is to secure financial resources at a minimum cost and ensure they are used effectively.

Sources and uses of Money

The three types of finance used by organisations are equity capital, long-term loans and short-term loans.

Accounting Rules and Regulations

Before the introduction of uniform accounting standards, accountants had considerable flexibility in how financial information could be recorded and presented. Nowadays, stricter provisions are required and companies must comply with various regulatory bodies. Our accounting courses are accredited with national regulating bodies, ensuring that modules are up to date with all the changing rules and regulations in South Africa. Rules and regulations are designed to cover:

Costs and Costing: The cost accounting role involves:

• Gathering and classifying costs.
• Preparing budgets.
• Establishing standard and actual costs of products, processes and departments.
• Analysing actual results compared to targets.

Management accounting has a broader approach and considers:

• Overall company objectives.
• Actions to meet objectives.
• Collecting relevant data.
• Selecting short and long-term courses of action.
• Implementing decisions.
• Comparing performance and taking any necessary corrective actions.

Who will benefit from our Accounting Courses?

Our accounting courses will benefit people currently working in the accounting industry and who are aiming for a promotion, as well as students who can't afford to go to university but want to acquire the knowledge and understanding the industry requires. Our courses provide a good base for any career in accounting, from bookkeeping to financial and management.

What award will I have after I have completed my Accounting Course?

Oxbridge Academy Accounting Courses are career-orientated skills programmes that are provider developed and assessed. Diplomas are issued by Oxbridge Academy and endorsed by the South African Institute of Management (SAIM). After completion of the course students will show competence in the area of Accounting.

We also offer the following Professional Qualifications:

FET certificate: BOOKKEEPING
National Certificate: BOOKKEEPING

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