This is the first subject in the AT SA Accounting Technician NQF Level 3 Certificate Programme. Basic Accounting 1 teaches the student principles of recording and processing financial transactions, preparing and recording financial documentation and processing ledger transactions and extracting a trial balance.
Description
This is the first subject in the AT SA Accounting Technician NQF Level 3 Certificate Programme. Basic Accounting 1 teaches the student principles of recording and processing financial transactions, preparing and recording financial documentation and processing ledger transactions and extracting a trial balance.
Accreditation
Accounting Technicians of South Africa as a Quality Assurance Partner of FASSET.
Qualification
SACOB Certificate of Completion.
This subject forms part of a national qualification. On completion of this subject and the remainder of the subjects in this level you will receive a national certificate.
Requirements
There are no formal entry requirements in terms of qualifications, but learners must have a good level of literacy and numeracy and must be able to complete assessments in English. No prior accounting knowledge needed.
Duration
This subject can be completed in 3 months.
Subjects
Understand the role of the books of prime entry
Understand the principles of coding
Understand the double entry book-keeping system
Understand the various types of discount
Understand the use of the Journal
Understand control accounts
Prepare the financial documents to be sent to credit customers
Enter sales invoices and credit notes into the appropriate books of prime entry
Process payments from customers
Process suppliers? invoices and credit notes
Packages
This course is available via the Online Premium package. This package includes the following:
Online Premium:
- Textbooks
- Introduction Video
- Exam Info
- Q & A Platform
- Concept Videos
- Forums
- Exam Timetable
- Study Schedule
- Multiple Mock Exams & Solutions
- LIVE Webinars via Zoom
- Recording of the LIVE Webinars
- Quizzes
- Exam Walkthrough (Pre-recorded)
Assessment
This course is assessed through a Computer based test (centrally set and assessed by AT SA)
What's next
You can continue your studies with SACOB and AT(SA) and complete more subjects that make up this qualification.
Related products
-
ICB Financial Accounting Advanced Level: Subject – Corporate Strategy
This course forms part of the Advanced Level of both the ICB Financial Accounting and the ICB Public Sector Accounting Programmes. It aims to redefine corporate strategy to rely less on objectives and competition but rather seeing an organisations big picture that is customer focused, sustainable and successful in the long-term. This course is an in-depth study of strategic management. It shows the impact of corporate strategy on a company's ability to accelerate its sales, gain market leadership, and power up its revenue growth.... more
Bookkeeping / Accounting 
Institute of Certified Bookkeepers (ICB)ICB Financial Accounting Advanced Level: Subject – Corporate Strategy
-
ICB Office Administration, Financial Accounting and Business Management Foundation Level: Subject – Bookkeeping to Trial Balance
This course forms the foundation of your accounting knowledge and can be found in every ICB Programme, no matter what stream you are studying. It assumes no knowledge of bookkeeping and teaches the student to prepare the books of account from source documents to the subsidiary journals to the general and subsidiary ledgers, trial balance, and the bank and creditors reconciliations. ... more
Bookkeeping / Accounting Institute of Certified Bookkeepers (ICB)ICB Office Administration, Financial Accounting and Business Management Foundation Level: Subject – Bookkeeping to Trial Balance
-
ICB Office Administration Foundation Level: Subject – Business and Office Administration 1
This subject forms part of the in the ICB Office Administration Programme. It covers various functions of the secretary and receptionist including telephone, mail, correspondence, records and security competencies. The Administrator is central to the effective functioning of any office. This role can sometimes be specialised depending on the type of office environment, but despite this specialisation there are general administrative functions common to all offices.... more
Administration
Institute of Certified Bookkeepers (ICB)ICB Office Administration Foundation Level: Subject – Business and Office Administration 1