Department of Accounting and Auditing

Taxation II is one of the major courses in your progress towards becoming a Chartered Accountant in South Africa (CA (SA)). 

The  objective  of  Taxation  within  that qualification  process  is  to  ensure  that  students  display  competencies  related  to  problem-solving  within  the  tax legislation – income tax, value-added tax (VAT) and estate duty.

 In addition inasmuch as competencies relating to taxation are important, students are also required to demonstrate pervasive skills such as professionalism, ethics, professional skills and personal attributes. 

COURSE DESCRIPTION

Financial Reporting 4 builds on your knowledge acquired in previous accounting courses and covers more advanced accounting topics. In this course you will become well acquainted with IFRS. By the end of the course you will be able to understand and apply those principles introduced during the course.

AIM AND OBJECTIVES OF THIS COURSE

The aim of the course is to provide candidates with the knowledge and skills in Financial Reporting which, together with the experience obtained under a traineeship contract, will equip candidates to practice, at the entry level, as a professional accountant.

The main aims of the course are as follows:

·         To ensure that candidates understand and can apply and explain the relevance of the objective and underlying concepts of financial reporting.

·         To establish a framework of objectives for financial reporting and to understand the relationship between International Financial Reporting Standards (IFRS), legal requirements for Financial Reporting and the process of standard setting.

·         To enable the candidates to prepare and analyse external financial reports for different types of business entities.