ADMISSION AT TECHNICIAN ACCOUNTANT LEVEL

  1. Education:-

    1. Technician qualification recognised by the Institute.
       

    2. A Bachelors Degree in Accounting with course content including:

      • Financial Accounting

      • Cost and Management Accounting

      • Auditing

      • Taxation

      • Business Law

  2. Relevant Practical Experience

    One year post qualifying relevant practical experience, key competence as per attached annexure I, based on the occupational standards for Technicians in the ECSAFA region. Key performance areas 1  7 + 16 are mandatory plus any two from 8  15.

PRACTICAL EXPERIENCE TECHNICIAN ACCOUNTANT

  1. Recording Income and Receipt.
    Documents relating to goods and services supplied
    Processing of receipts
     

  2. Making and Recording Payments.
    Documents relating to goods and services received
    Processing of payments
     

  3. Preparing Ledger Balances and an Initial Trail Balance.
    Balancing bank transactions together with bank reconciliation statements
    Preparing Ledger Balances and control accounts
    Draft an initial trial balance
     

  4. Supplying information for Management Control.
    Coding and extracting information
    Providing comparisons on costs and income
     

  5. Maintaining Financial Records and Preparing Accounts.
    Maintaining records relating to capital acquisition and disposal
    Collecting and collating information for preparation of final accounts
    Preparing the final accounts of sole traders and Partnerships
     

  6. Recording and Evaluating Costs and Revenues.
    Recording and analysing information relating to direct costs and Revenues
    Recording and analysing information relating to allocation, apportionment and absorption of overheads.
    Preparing and evaluating estimates of costs and revenues
     

  7. Preparing Reports and Returns.
    Preparing and Presenting periodic performance reports
    Preparing reports and returns for external agencies
    Preparing VAT returns
     

  8. Contributing to the Management of Performance and enhancement of value.
    Collecting, analysing and disseminating information about costs
    Monitoring performance and making recommendations to enhance value
     

  9. Contributing to the Planning and Control of Resources.
    Preparing forecasts of income and expenditure
    Preparing draft budgets proposals
    Monitoring the performance of responsibility centres against budgets
     

  10. Managing Systems and People in the Accounting Environment.
    Managing people within the accounting environment
    Identifying opportunities for improving effectiveness of an accounting system
     

  11. Drafting Financial Statements.
    Drafting limited company financial statements
    Interpreting limited company financial statements
     

  12. Operating a Cash Management and Credit Control System.
    Monitoring and controlling cash receipts and payments
    Managing cash balances
    Granting credit
    Monitoring and controlling collection of debts
     

  13. Preparing Business Taxation Computations.
    Preparing capital allowance computations
    Computing assessable business income
    Preparing Company/Corporation Tax Computations
     

  14. Preparing Personal Taxation Computations.
    Calculating income from employment
    Calculating property and investment income
    Preparing Income Tax Computations
     

  15. Working with Computers.
    Using computer systems and software
    Maintaining the security of data
     

  16. Professional Ethics.
    Applying general principles and procedures for ethical, compliance within the accounting sector
    Developing, maintaining and applying ethics in employer/employee situations
     

  17. Implementing Audit Procedures
    Contribute to the planning of an audit assignment:- gathering relevant background information, assessing risks and identifying control weaknesses
    Contribute to the conduct of an audit assignment:-audit testing
    Prepare related audit reports:-providing conclusions and evidence supporting draft reports