A National Diploma in Financial Accounting is a Course that is at NQF Level 6. This course helps students become part of the world of Finance. If you are looking for a career that includes:
- Recording finances
- Managing a finance team
- Assisting Accountants
- Planning and distributing financial resources
Then you should consider completing a National Diploma in Financial Accounting. Here are the top three ICB Financial Accounting National Diplomas:
What Is The Technical Financial Accounting: ICB National Diploma?
The National Diploma in Technical Financial Accounting is the third course in the ICB Financial Accounting Programme. This course will give you the opportunity to work in a Financial working environment. You have to complete the previous courses:
If you enjoy:
- Working with numbers
- Working in an office environment
- If you are good at Math
- Had Mathematics or Mathematical Literacy in High School and passed well
Then you should consider completing the National Diploma in Technical Financial Accounting.
How Do I Become A Technical Financial Accountant?
By completing the Technical Financial Accountant: ICB National Diploma Course, you can become a Technical Financial Accountant. Here is what you need to apply for this course:
- Have completed and passed the previous courses:
- Read, write and understand English
- Study ICB through distance learning
Can You Become An Accountant With A Diploma In Accounting?
No, you cannot become an Accountant with a Diploma in Accounting. You have to complete a Degree in Accounting to become an Accountant. To become an Accountant, you need to look at the following requirements:
NOTE:
Always do your research before you apply at a university. Different universities have different entry requirements.
If you do not meet the entry requirements, you can apply for our Matric Upgrade Course. This course allows our students to change their subjects or improve their subjects to ones that meet the entry requirements of the university.
Can I Be An Accountant Without A Degree?
No, you cannot become an Accountant without a Degree. The minimum requirement to become an Accountant is a Degree course.
What Do You Study In Financial Accounting?
This depends on the type of Financial Accounting Course you are completing. Here are the three Financial Accounting Diplomas that we offer, with the subjects for each.
- Financial Accounting – Business Management: ICB National Diploma
- Office and Legal Practice
- Business Management 2
- Marketing Management and Public Relations
- Financial Statements
- Human Resources Management and Labour Relations
- Technical Financial Accounting: ICB National Diploma
- Income Tax Returns
- Business Law and Accounting Control
- Certified Financial Accounting: ICB National Diploma
- Corporate Strategy
- Management Accounting Control Systems
- Financial Reporting and Regulatory Frameworks
- Research Theory and Practice
The diagram below shows that all of our ICB Courses build on each other. Remember to complete the first two or three courses before you can get to the National Diploma in Finance.
If I Have A Diploma In Accounting And Finance - What Can I Do?
Here is what you can do with a Diploma in Accounting and Finance:
- Find an entry-level job
There are many job opportunities after you have completed your Diploma in Accounting or Finance. Here are some of the careers you can pursue:
- Accounts Assistant
- Administrative Clerk
- Creditors Clerk
- Finance Administrator
- Payroll Clerk
- Further your studies with our other ICB Courses
We have the following ICB Programmes you can complete:
How Long Does It Take To Complete A Financial Accounting Course?
The time it takes to complete a Financial Accounting Course is between 9 – 36 months. Here are the factors that contribute to the time it takes to complete a Financial Accounting Course:
- The time you have to complete a course. If you are taking time off to complete the course or if you are working and studying.
- What you can afford. If you can only complete one course at a time, it can take longer.
- Your dedication as a student. Are you dedicated to completing the course? Then you are able to complete the course on time or even quicker.
Which Diploma Is Best For Accounting?
The best Diploma for Accounting is a Diploma that is accredited and recognised. We offer three ICB Financial Accounting National Diplomas:
Are There Any Difference Between Accounting And Technical Accounting?
| Accounting | Technical Accounting | |
| Duties | Accountants focus more on administrative duties such as audits and recording financial information. | Technical Accountants focus on both accounting software and administrative duties. |
| Educational background | You must complete a Degree course to become an Accountant. | You can complete our Technical Financial Accounting: ICB National Diploma and become a Technical Accountant. |
| Salary | R 20 087 per month | R 73 750 per month |
NOTE:
The salary you receive depends on these three factors:
- Your level of work experience
- The position you apply for
- The company you are working for
Which Is Harder Accounting Or Finance?
This depends on what you like more, whether it be accounting or finance. Both fields include the following:
- Working with numbers
- Recording financial information
- Calculations
- Advising businesses and individuals on their finances
Are Accountants Paid Well?
Yes, Accountants are paid well. Here is the average salary of an Accountant in South Africa:
The average salary for an Accountant is R 20 087 per month in South Africa.
What Is The Salary Of A Junior Accountant In South Africa?
The salary of a Junior Accountant in South Africa is:
The average salary for a junior accountant is R 15 000 per month in South Africa.
Are Accountants In Demand?
Yes, Accountants are in demand. Here is why Accountants are in demand:
- Accounting is a scarce skill. Employers need people with these skills.
- You can use your skills in any industry. Accountants are needed in every industry.
What Is The Easiest Job In Accounting?
There are no easy jobs in Accounting. As an alternative to an Accounting course, you can complete a Bookkeeping course. We offer two Bookkeeping courses:
What Are The 3 Major Areas Of Accounting?
The three major areas of Accounting are:
- Cost Accounting
This includes recording the costs incurred in a business. This provides information to the staff that can help them reduce and control the costs of the business.
- Financial Accounting
This is the process of analysing, recording, summarising and providing important information to the business.
- Management Accounting
This includes managing not only the distribution of finances but also managing how the work is distributed amongst staff.
If you want to pursue a career in finance, you should consider completing a National Diploma in Financial Accounting. Students who are already working in finance and want to stay current on new trends can also take this course.
Author: Jesmé Africa
Editor: Amy Venter
Date Published: April 12, 2022