Learning areas covered:

Accounts Preparation I

• Understanding accepted principles of accounting and double-entry bookkeeping
• Understanding accounting methods of recording non-current assets
• Accounting for purchase of non-current assets
• Accounting for depreciation and adjustments
• Accounting for disposal of non-current assets
• Preparing and extending the trial balance

Accounts Preparation II

• Understanding the process involved in preparing final accounts
• Preparing accounting records from incomplete information
• Producing final accounts for sole traders
• Understanding partnerships’ legislative and accounting requirements
• Preparing a statement of profit or loss appropriation account
• Preparing a financial position statement relating to a partnership

Costs and Revenues

• Understanding an organisation’s costing systems
• Recording and analysing cost information
• Apportioning costs to organisational requirements
• Analysing budget deviations and reporting these to management
• Using information gathered from costing systems to assist decision making

Cash Management

• Using statistical techniques and financial information to prepare income and expenditure forecasts
• Preparing cash flow statements to monitor an organisation’s cash flow
• Managing cash balances effectively
• Investing surplus funds, observing organisational policies

Indirect Tax

• Understanding VAT regulations
• Completing VAT returns accurately and on time
• Understanding VAT penalties and adjusting for previous errors
• Communicating VAT information

Spreadsheet Software

• Using a spreadsheet to enter, edit and organise numerical and other data
• Selecting and using appropriate formulae and data analysis tools and techniques

Professional Ethics

• Understanding principles of ethical working
• Understanding ethical behaviour when working with internal and external customers
• Understanding when and how to take appropriate action following suspected ethical codes breaches
• Understanding the ethical responsibility of finance professionals in promoting sustainability

Training methodology and learner support:

Credo Business College offers 3 different types of training options, which you can choose from. Credo delivers high quality courses and depending on which course you study, the training option depends on the programme and the clients’ or learners’ needs. 

Training options available:

• Full-time contact classes
• Blended learning: combination of contact classes and distance learning
• Full-time distance learning

Training option 1: full-time contact classes

Full-time study means that learners attend classes on a daily basis during the day. This usually implies that our full-time learners are not employed and, as they are either recent matriculants or school leavers, they are able to attend daily classes on a full-time basis for the number of years required to complete the qualifications. 

Training option 2: blended learning – combination of contact classes and distance learning

This course is presented through a combination of contact sessions (face-to-face learning) and distance learning. Learners can attend a number of classes per module. The first class is an introductory class at the start of each module. This class gives you an overview of the most important aspects of the module and gives you an idea of what to expect in the module. After each introductory class, you complete the relevant module via distance learning. Learners may have 1 to 2 additional contact classes after the introductory class. The second class is usually held two weeks prior to a learner writing a practice assessment and the third class is held prior the formal assessment. Class 2 and 3 are purely based on revision.

Training option 3: full-time distance learning

With distance learning learners can study in their own time from home or work instead of attending classes. Learners have more flexibility as they will have full-time access to credo’s online learning platform. Learners will receive study guidance in terms of unit/module notes, study plan, assignments, assignment feedback and guidance on revision.