AT (SA) Basic Accounting 1 Component

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.

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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

Assessment

This course is assessed through a Computer based test (centrally set and assessed by AT SA)