ICB Public Sector Accounting

PROGRAMME

Foundation Level
National Certificate: Public Sector Accounting

Intermediate Level
Diploma: Public Sector Accounting

Advanced Level
National Certificate: Public Sector Accounting

The entrance criteria for this programme is Grade 11

You can study this accredited programme if you are interested in working with the finances of municipalities or the government. This course is made to address the lack of skills in the public sector and give students the knowledge that will help them improve their skills and make the government successfully allocate resources and properly manage finances.

Colleges where you can study ICB Public Sector Accounting

Skills Academy Matric College TWP Academy

Foundation Level

National Certificate: Public Sector Accounting (NQF L4 – SAQA ID 20352, total credits: 120)

Duration: 12 months

Requiments:

Grade 11, NQF 3 or equivalent.
You must be at least 16 years of age.
No prior accounting knowledge needed.

Subjects:
1. Bookkeeping to Trial Balance (BKTB)
2. Public Accounting Administration (PAAD)
3. Computerised Bookkeeping (CPBK)
4. Business Literacy (BUSL)

What your job title can be
Public Accounts Administrator

What you will be able to do

Administer public accounts. Help improve public sector financial management by adding value, efficiency and productivity to government departments.

Intermediate Level

Diploma: Public Sector Accounting (NQF L5 – SAQA ID 20353, total cumulative credits: 137)

Duration: +12 months

Requiments:

National Certificate: Public Sector Accounting, which consists of the previous 4 learning areas

Subjects:
5. Financial Statements (FNST)
6. Cost and Management Accounting (CMGT)
7. Technical Public Accounting (TPAC)
8. Business Law and Accounting Control (BLAC)

What your job title can be
Technical Public Accountant, Accounting Technician in the public sector

What you will be able to do

Work as a qualified accounting technician in the public sector. Make a positive contribution to the country by improving public finance management; contribute to the optimal use of state resources; demonstrate a shift from cash to accrual accounting.

Advanced Level

National Diploma: Financial Accounting (NQF L6 – SAQA ID 20366, total cumulative credits: 280)

Duration: +12 months

Requiments:

Diploma: Public Sector Accounting, which consists of the previous 8 learning areas.

Subjects:
9. Corporate Strategy (CRPS)
10. Management Accounting and Control Systems (MACS)
11. Financial Reporting and Regulatory Frameworks (FRRF)
12. Research Theory and Practice (by short dissertation; topic: Public Accounting) (RTAP)

What your job title can be
Public Sector Financial Accountant, Financial Accountant. Accounting Officer (via SAIBA, if you meet their criteria).

What you will be able to do

Compile annual financial statements; register with SAIBA as an Accounting Officer (once you meet their requirements); work with Chartered Accountants and Auditors; have a thorough knowledge of accounting theory and practice, strategy, management accounting and regulatory frameworks.

The task of a public sector accountant

Public sector accounting is worth for the Government and so public sector accountants have many tasks like ensuring the effective financial management of public money, preparing and monitoring budgets and accounts, developing and managing financial management systems and policies, controlling expenditure and cash flow, making financial decisions and advising key bodies and individuals, undertaking financial administration, controlling the overall capital and revenue budgets for departments, preparing reports on annual accounts and budget information for the auditor, preparing recommendations on large-scale projects, assessing and advising on estimates for project funding and continuing running costs, conducting internal audits, like working on wage reviews, checking that funding is properly distributed, examining financial records and statements to check for accuracy, checking creditors’ invoices, balancing the costs of specific public services against income, charging customers for services, managing and training staff, when employed at a senior level, keeping up to date with developments in public sector financial and management accounting practices.

This course makes up one of the five sought after ICB courses offered by Skills Academy. Skills academy offers a range of courses, some of which you can Study Without Matric, similar our ICB courses.