i. Technician qualification recognised by the Institute.
ii. A Bachelors Degree in Accounting with course content including:
Financial Accounting
Cost and Management Accounting
Auditing
Taxation
Business Law
b. 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
