CIMA Business Accounting Course
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Course Description
The relationship between knowledge of accounting and the success or failure of small businesses is astounding.
Knowledge of accounting enables a business owner to understand how much profit he/she is making, what costs are being incurred and understanding how much money they are owed at any one time. This may sound like very obvious information and what every small business owner knows at the drop of a hat, but this is not ther case.
A Certificate in Business Accounting will teach you the importance of and give you a fundamental understanding of management accounting, business economics and financial accounting. You will learn through practical examples and experiences, how the different areas of accounting relate to one another in the business environment, how to prepare financial reports, perform forecasts and how to analyse and make decisions based on these relationships.
At the end of this course, you will have a solid fundamental knowledge of business accounting, will be able to set up accounts and reporting for your own small business or even apply for business accountant positions.
Module/Course list
Business Economics Fundamentals
Financial markets play an important role in business. Learn how Government policy, Financial markets and the financial system in general impacts on businesses and their performance. Understanding these fundamentals will give you a better understanding of what affects the business.
Management Accounting
Management accounting provides an essential overview of where a business is at a moment in time, where the business needs to be to meets it’s projections and the forecast sales required to get it there. Planning and costing are emphasised in this module.
Financial Accounting
Learn what financial accounting is, and what the process of preparing financial statements involves. By the end of this module, you will be able to prepare financial statements on your own. Topics covered in this module include accounting principles, concepts and regulations, recording accounting transactions, preparation of accounts for single entities and analysis of financial statements.
Financial Accounting Fundamentals
Ethics, Corporate Governance and Business Law are the over-riding themes of this module. These principles have become arguably the most important areas for business to get right in order to thrive. Business ethics and ethical conflict, corporate governance, controls and corporate social responsibility, general principles of the legal system, contract and employment law and company administration.
Course Outcome
Status: Accredited course
Type & reward: CIMA Professional Qualification – NQF Level 5 (SAQA ID: 24418)
Provided by: CIMA
Minimum credits: 120
College SA is an accredited provider of the CIMA Certificate in Business Accounting.