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Back to Corporate Training Modules Accounting
Corporate Training Modules:
Accounting Module Outcomes
ACC401
PURPOSE OF THE MODULE
Students of this module are generally found within the accounting technician field. On successful completion the learner will be able to:
- record and analyse information relating to direct costs, allocation,
- apportionment and absorption of overhead costs, and
- prepare and present standard cost reports,
- be able to code and extract information, and
- provide comparisons on costs and income within an accounting environment,
- produce forecasts of income and expenditure,
- produce budget proposals and monitor performance against budgets,
- and in so doing contribute to the planning and allocation of resources from an accounting perspective,
- be able to take responsibility for the management of cash and credit through monitoring,
- controlling and managing cash,
- credit and debts,
- collect and analyse information to assist in highlighting trends in costs and
- making suggestions for the reduction of costs and adding value.
It is intended for people who are employed at a supervisory level in an office environment. It introduces the learner to the supplies necessary for the effective function of an office and provides the learner with the opportunity to apply their knowledge of budgeting.
The learner will be able to:
- Develop and monitor an office supply budget.
- Implement a plan to control the distribution of office supplies.
- Implement control measures with individuals.
ACC402
PURPOSE OF THE MODULE
Learners credited with this module are generally found within the accounting technician field. On successful completion of the module, people will be able to:
- calculate, record and pay wages,
- calculate VAT and prepare VAT returns,
- process documents relating to goods and services received,
- prepare authorised payments,
- make and record payments to balance bank transactions,
- prepare ledger balance and control accounts, and
- draft an initial trial balance.
This module is for learners who are responsible for controlling the finances of a small business or who are responsible for the bookkeeping aspect of financial management in larger organisations.
By the end of this unit, learners will be able to:
- Calculate gross wages from either time records or a productivity scheme.
- Make and record the correct deductions.
- Complete a payslip and other forms to show both Income Tax and deductions.
- Complete IRP 5 forms.
- Enter records in an analysed cash book for both cash and bank entries.
- Check invoices received against orders.
- Produce quotations and invoices.
- Record debtors and creditors.
- Reconcile supplier's statements.
- Prepare a bank reconciliation statement.
ACC403
PURPOSE OF THE MODULE
A learner credited with this module are generally found within the accounting technician or taxation field. On successful completion of the module, the learner will be able to:
- prepare tax computations and returns for business,
- submit tax returns, provisional tax returns and Secondary Tax on Companies (STC) returns,
- as well as provide advice to the client,
- prepare tax computations and returns for individuals,
- submit tax returns and provisional tax returns, as well as provide advice to the client,
- establish what is gross income,
- determine which income is exempt from tax and calculate deductions and allowances in order to determine the portion of taxable income to interpret and apply laws relating to the duty which is levied on the estates of deceased persons,
- provide advice to clients on the aforesaid,
- interpret and apply laws relating to taxes levied in terms of the income Tax Act, and
- provide advice to clients on the aforesaid.
ACC404
PURPOSE OF THE MODULE
A learner credited with this module is generally found within the general accounting field. On successful completion of the module, a learner will be able to:
- interpret statutes and the basic structures of the South African legal system within the context of the accounting profession,
- contribute to the planning and conducting of an audit assignment, as well as preparing related draft reports within a supervised environment,
- interpret and apply the laws and procedures relating to the administration of deceased persons within the context of financial management,
- interpret and apply the laws and procedures relating to the winding up of an insolvent estate and the liquidation of a company within the context of financial management,
- co-ordinate work activities within the accounting environment with a focus on responsibility for the planning and monitoring of work activities, as well as dealing with contingencies and any problems or queries.
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