ICB Diploma: Public Sector Accounting

Public sector accounting is an accounting method used by central and local governments and other non-profit public sector organisations. In the ICB Diploma: Public Sector Accounting course, you will gain all of the knowledge and skills needed to become a professional in your field. 

 

Course Information:

Course ICB Diploma: Public Sector Accounting
 Programme Type Partner Programme
 Award Type Diploma and a Programme Completion Certificate
 Award Issued By FASSET  will issue your National Qualification, and, the ICB will issue you a Programme Completion Certificate.
 Accredited By QCTO
 Course Duration  36 Months
NQF Level

Level 5

 Entrance Criteria

National Certificate: Public Sector Accounting

 

What is Included in your Course Fee?

 

All your study material, textbooks and study notes

All the study notes and textbooks you need to pass your course is included in your course fees. There is no list of books to buy at a bookstore. No extra hidden costs for textbooks. The price we give you includes everything you will need to complete your course.
When there are external costs like institute membership or exam fees, we will warn you about that before you register. So you are able to budget your monthly study costs.
 

Courier Fees

The courier fees are included in your course fees. No waiting on the Post Office. You don’t spend weeks waiting on your next package with study materials. On average we deliver in a week or less.

 

All your Tutorial Services

We have a dedicated team of tutors and administrators to help you with each and every query you might have on your course.

 

Online Study Group with Together We Pass

Skills Academy students get free access to the Together We Pass (TWP) online study groups. The study groups are facilitated by your own Skills Academy lecturers and tutors. This is where you get the best help with your studies! And when YOU have the answer, you can even help your classmates!

 

Limitless access to your Lecturers and Tutors (in Office Hours)

Together We Pass, in association with Skills Academy, offers free online study groups for all of their students.  That means that within two days of signing up you will be registered in your online study group and you can start engaging with your classmates and your lecturers.

This is key to the Skills Academy strategy of high contact, supported learning so all students are encouraged to use the study groups as much as possible.

Students should also remember that these study groups are facilitated by their own Skills Academy lecturers, which means they can answer any question you might have.  We hope you find the study groups useful in your studies!

 

What is NOT Included in your Course Fee?

  • Writing materials
  • Envelopes to send assignments to us

In fact, you can upload your assignments here through our Learner Portal, and cut out the price of envelopes out as well!

 

How Will My Study Material Look?

Once you have successfully enrolled with us, we will send you a package within the first 1-2 working days. In this package, you will receive a Skills Academy Welcome Pack as well as the first set of study material for the ICB Diploma in Public Sector Accounting Course. Look at the image below to see what you can expect from us.

Child Day Care Certificate

 

Our Tutors Will Make Sure You Pass!

Here at Skills Academy, we want to make sure you pass on your first try. That’s why we have a team of smart and helpful tutors that will assist you every step of the way. You can call them during the day for any assistance or Whatsapp them in a group if you need a quick answer to a tough question.

 


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Subjects

 

1. Introduction to Business English

2. Bookkeeping to Trial Balance

3. Public Accounting Administration

4. Computerised Bookkeeping

5. Business Literacy

6. Financial Statements

7. Cost and Management Accounting

8. Technical Public Accounting

9. Business Law and Accounting Control

10 Corporate Strategy

11. Management Accounting Control Systems

12. Financial Reporting and regulatory frameworks

13. Research theory and practice

 

These Subjects Cover The Following Topics:

 

1. Introduction To Business English

  • Introduction to communication

  • Non-verbal communication

  • Business writing

  • Speaking, listening and reading skills

  • Meetings

  • Presentations

  • Work readiness

 

2. Bookkeeping To Trial Balance

  • An Introduction To Business, Bookkeeping And Accounting
  • Value Added Tax And Source Document
  • Recording Cash Transactions
  • Recording Credit And Sundry Transactions
  • Inventory Systems
  • Individual Accounts For Debtors And Creditors
  • The Bank Reconciliation Process
  • Reconciling Supplier Statements

 

3. Public Accounting Administration

• Introduction to income tax
• Payroll administration
• Employees’ tax
• Accounting for payroll
• Completing tax returns
• The structure of the South African public sector
• The role of the financial management system in the public sector
• Revenue as a key aspect of public financial management
• Expenditure as a key aspect of public financial management
• The legislative framework governing financial management in the public sector
• Ethics in the South African public sector
• Introduction to supply chain management
• Introduction to cash management
• Introduction to credit management

4. Computerised Bookkeeping

  • Basic PC concepts 
  • Working with MS Windows and MS Windows Vista 
  • Working with the Internet and Microsoft Internet Explorer and Microsoft Outlook 
  • Working with Microsoft Word 
  • Working with Microsoft Excel 
  • Working with Microsoft PowerPoint 
  • Installation and registration
  • Pastel language 
  • Creating and setting up a company
  • Create and maintain general ledger accounts
  • Create and maintain supplier accounts 
  • Create and maintain customer accounts 
  • Create and maintain inventory items 
  • Take on balances and journals 
  • Supplier processing 
  • Customer processing 
  • Cash book, petty cash and journal 
  • Month-end procedures 
  • Year-end procedures

 

5. Business Literacy

• The key principles of effective business communication 
• Spoken communication 
• Written communication 
• Work readiness 
• Working with numbers: an introduction 
• Working with fractions and decimal numbers 
• Percentages, ratios, proportions and equations 
• Using interest rates in business 
• Measure, analyse and communicate workplace data 
• Business communication – Putting it all together &
• Business numeracy – Putting it all together

 

6. Financial Statements

• Finalisation and interpretation of accounts 
• Depreciable assets 
• Financial statements of the sole trader 
• Partnerships 
• Close corporations 
• Companies 
• Statement of cash flows

 

7. Cost And Management Accounting

• An introduction to Managerial Accounting 
• Controlling inventory and overhead costs 
• Accounting for a manufacturing enterprise 
• Budgeting and standard costing 
• Financial management 
• Organisational ethics & revision

 

8. Technical Public Accounting

  • Basic economic principles
  • Management information systems
  • Public sector financial statements
  • Risk management in the public sector
  • Performance management in the public sector
  • Project management in the public sector

 

9. Business Law And Accounting Control

  • The unspoken laws of business 
  • The written laws of business 
  • Managing your personal finances
  • Accounting systems – Internal control concepts
  • Managing accounting systems 
  • Accounting systems – Stock control 
  • Accounting systems – Analytical review
  • Liquidation and executors’ accounts

 

10. Corporate Strategy

  • Introduction to strategic management 
  • Strategic management methodologies 
  • Context of strategic decisions 
  • Corporate strategy selection 
  • Strategy Implementation 
  • Continuous improvement through strategic control and evaluation

 

11. Management Accounting Control Systems

  • Activity-based costing 
  • Cost classification, estimation and behaviour 
  • Cost-Volume-Profit analysis 
  • Linear programming 
  • Standard costing 
  • Relevant costs 
  • Expected value theory and decision trees 
  • Pricing policy and transfer pricing 
  • Budgeting 
  • Divisional performance evaluation

 

12. Financial Reporting And Regulatory Frameworks

  • The framework of accounting
  • Presentation of financial statements
  • Property, plant and equipment
  • Investment property
  • Impairment of assets
  • Intangible assets
  • Inventories
  • Financial instruments
  • Leases
  • Provisions, contingent liabilities and contingent assets
  • Events after the reporting period
  • Revenue
  • Employee benefits
  • The effects of changes in foreign exchange rates
  • Accounting policies, changes in accounting estimates, and errors
  • Earnings per share
  • Income taxes
  • Statement of cash flows
  • Companies Act

 

Group Statements Volume 1

  • A group of entities and its financial statements: theory and background
  • IFRS 3 (AC 140) Business combinations
  • Consolidation at acquisition date
  • Consolidation after acquisition date
  • Intragroup transactions
  • Adjustments and sundry aspects of group statements
  • Consolidation of complex group
  • Interim acquisition of an interest in a subsidiary

 

Group Statements Volume 2

  • Sample questions 3, 10 and 11

AND/OR

  • Consolidated statement of cash flows

 

Assessments

Assessment is based on the submission of a Portfolio of Evidence (PoE) which will comprise of formative activities and evaluations, as well as one summative assessment (final exam). PoE assessment comprises formative/interim assessment of activities (assignments) and evaluations (tests) that count 30% towards the total mark.

A Summative Assessment (final exam) contributes to the remaining 70% of your marks. The PoE is basically a file containing all the evidence necessary for a learner to be declared competent against the relevant outcomes.

Accreditation

You will be awarded a Public Sector Accounting Diploma from FASSET. You will be awarded a Programme Completion Certificate from the ICB. As Skills Academy values education and cares about our students, your completion award will be sent to you via courier so that you receive it as soon as possible and without any delays. Below is an example of what your ICB certificate will look like.
 

 

Certificate

 

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Choose Your ICB Study Materials

You get two options of study material to choose from which includes: Standard and PRO.

 

Standard Material

The Standard Study Material pack has been developed by Skills Academy around the Textbook from the official ICB publishers.

This study pack includes:

  • ICB Textbooks
  • Skills Academy Study and workbook guide
  • Skills Academy Solution guide
  • Assessment guide
  • Exam trial paper

 

PRO Material

If you need more help with your studies, try the PRO study material pack. It has more study materials to assist you. All the study materials and videos in the PRO option are directly from the Official ICB publishers.

The PRO study materials include:

  • ICB Textbooks
  • ICB study guide
  • Skills Academy assessment guide
  • USB with *videos to boost studying
  • Two trial exam papers on the USB

*The videos on the USB is another way to help you with your studies. Before you write your exam, use the videos to test your knowledge. The video assumes that you have already studied the material.

 

When Can You Start?

You can start right now! Fill in the form below and a friendly Student Consultant will
contact you to ensure this is the right course for you.

 

Last Updated: September 5, 2018

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