This is the second level of the AAT(SA) Accounting Qualification. It introduces you to more complex accounting tasks, such as maintaining cost accounting records and the preparation of reports and returns
The purpose of this qualification is to provide the learner with the skills, competence, knowledge and understanding to effectively fulfil an accounts clerk type role in local government. The qualification follows on from and builds upon the registered Local Government Accounting Certificate at NQF Level 3.
Upon successful completion of the programme, the student should be able to:
- Demonstrate competence in the processing of sales and receipts.
- Process purchases and payments correctly.
- Be able to process petty cash, reconcile accounts and prepare an initial trial balance.
- Present financial data for internal and external use.
- Be able to operate a computerised accounting system.
- Maintain accurate records relating to capital acquisition and disposal.
- Collect and collate information for the preparation of final accounts.
- Prepare the final accounts of sole traders and partnerships.
- Record and analyse information relating to direct costs and revenues.
- Record and analyse information relating to the allocation, apportionment and absorption of overhead costs.
- Prepare and evaluate estimates of costs and revenues.
- Monitor and control cash receipts and payments.
Manage cash balances effectively.
- Be able to assess risk of debtor accounts.
- Monitor and control the collection of debts.
- Apply general principles and procedures for ethical compliance expected within the accounting sector.