ADMISSION AT CHARTERED ACCOUNTANT LEVEL

  1. Education:-
    1. Completion of the full professional qualification pursued through the Joint Examination Scheme.
    2. All professional qualifications recognised by IFAC.
       
  2. Relevant Practical Experience
    A minimum of three years relevant work experience, one of which will be post qualification, key competencies as per attached annexure III.
     

PRACTICAL EXPERIENCE  GENERAL ACCOUNTANT


KEY PERFORMANCE
 
UNITELEMENTS
1. Financial Information(a) Preparation of Financial Statements for external purposes.
  1. Appraise and analyse information for preparation of financial statements.
  2. Prepare and present financial statements.
  3. Advise on relevant regulatory obligations and provide support in meeting such.
(b) Preparation of financial statements for management.
  1. Appraise and analyse information required for management information.
  2. Prepare and present management accounts and financial information.
(c) Assist in the development and implementation of accounting systems.
  1. Identify needs and potential changes in the organisations systems.
  2. Assist in the evaluation of changes to accounting systems.
2. Business Analysis and Performance Management.(a) Planning and monitoring business performance.
  1. Assist in the identification of financial objectives and performance measures.
  2. Assist in the introduction of systems to plan and measure financial performance.
  3. Assist in the monitoring and reporting on financial performance.
(b) Identify and analyse costs of products and services.
  1. Identify costs of products and services.
  2. Determine and calculate actual costs of products and services.
  3. Identify potential profitability and advise on reduction of costs.
(c) Expenditure and budgetary control
  1. Prepare and agree budgets for activities, and spending proposals.
  2. Monitor budgets and report through variance analysis.
3. Taxation(a) Compute tax payable/ liabilities
  1. Compute tax payable by clients/organisations.
  2. Negotiate with tax authorities.
(c) Tax Planning
  1. Advise on tax liabilities and payments.
  2. Assist clients/management in tax planning.
4. Statutory Audit(a) Planning and Control for a statutory audit.
  1. Determine the level of audit risk.
  2. Evaluate control risk within an organisation.
  3. Coordinate and manage the delivery of statutory audit evidence.
(b) Collection of evidence and evaluation of risk for a statutory audit.
  1. Evaluation evidence collected for an audit.
  2. Make judgements about the truth and fairness of an organisations financial statements.
  3. Review performance of the audit.
(c) Report on the audit findings.
  1. Advise on the findings and implications of the audit.
  2. Prepare a formal audit report.
5. Internal Review(a) Preparation for, and control of Internal review.
  1. Determine the scope, purpose and objectives of the review.
  2. Co-ordinate the delivery of the review.
(b) Deliver the objectives and report.
  1. Analyse evidence against the objectives of the review.
  2. Evaluate and make judgements against the objectives of the review.
  3. Report on the findings and outcomes of the review.
6. Asset Management(a) Monitor and maintain an organisations working capital requirements.
  1. Assess the organisations working capital requirements.
  2. Coordinate the provision and adequacy of working capital.
(b) Assist/contribute into Credit Control and Monitoring of debt.
  1. Contribute to credit and debt policy specifications and mechanisms.
  2. Monitoring and maintenance of credit control and the level of outstanding debt.
(c) Evaluate investment opportunities.
  1. Determine the risks and benefits with investment opportunities.
  2. Identify optimum investments.
7. Manage Information Systems.(a) Advise on informations systems to meet organisational requirements.
  1. Identify information systems requirements.
  2. Assist in establishing structures to deliver information systems.
(b) Specify information systems to meet identified requirements.
  1. Contribute to design of information systems.
  2. Manage the system specifications.
(c) Install information systems to meet requirements.
  1. Implement information system in accordance with specifications.
  2. Review and evaluate implemented systems for adequacy and effectiveness.
8. Manage people(a) Develop and maintain effective and ethical relationships.
  1. Development of effective and ethical relationships with clients/colleagues.
  2. Identify personnel requirements and role specifications.
  3. Recruit and select teams and individuals.
  4. Develop and train teams and individuals.
(b) Recruit and develop staff. Identify personnel requirements and role specifications.
  1. Recruit and select teams and individuals.
  2. Develop and train teams and individuals.
(c) Lead others to achieve objectives.
  1. Demonstrate commitment to own personal and professional development.
  2. Recognise and understand changes affecting the profession.
  3. Delegate activities to teams and individuals.
  4. Monitor and supervise the work of others.
9. Business Development(a) Contribute to formulation of business strategy and objectives.
  1. Assist in the setting of business targets and objectives.
  2. Develop plans to achieve business targets and objectives.
10. Professional EthicsCompliance with professional requirements.
  1. Applying general principles and procedures for ethical compliance within the accounting profession.
  2. Development, maintaining and applying ethics in employer/employee situations.

The applicant to satisfy 6 of the 10 key performance areas, with a minimum of 16 elements overall. Key area 1,3,5 and 10 mandatory.