Accounting Course

Course Description

The  UCT Accounting course will ensure the student is well equipped with the tools and the practical knowledge to fulfil a supporting role in the accounts department of any company .  The successful student will be able to draft financial statement, budgets and complete and submit all company taxes.

Module/Course list

The fundamentals of accounting – part 1
The fundamentals of accounting – part 2
Drafting financials – Part 1
Drafting financials – Part 2
Drafting budgets
Measuring and evaluating financial performance
Internal control and accounting systems
Business tax
Credit management and control

Course Outcome

• Knowledge of income, expenses and profit and loss, and an general idee of general inventory systems
• Knowledge of drafting financial statements, general journal adjustments for trial balance, and closing entries
• The drafting of cash flow statements
• The skills to  calculate financial ratios which include profitability ratios, liquidity ratios, debt/solvency ratio and security market ratios
• The knowledge of all business taxes and penalties and interest, capital gains tax and the self-assessment system of taxation
• The understanding of the importance and impact of legislation on credit control function, all legal aspects of collecting debt