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An AGA (SA) is a highly skilled accountant who has completed both a SAICA-accredited BCom degree and SAICA accredited training programme. AGAs operate in a broad range of varied work activities, most of which are complex and non-routine. Core areas include: Financial accounting and reporting; Managerial accounting and financial management; Taxation
The accounting equation is a statement of equality between the debits and the credits. The rules of debit and credit depend on the nature of an account. For the purpose of the accounting equation approach, all the accounts are classified into the following five types: assets, capital, liabilities, revenues/incomes, or expenses/losses.
Maher, Lanen and Rahan, Fundamentals of Cost Accounting, 1st Edition (McGraw-Hill 2005). Horngren, Datar and Foster, Cost Accounting - A Managerial Emphasis, 11th edition (Prentice Hall 2003). Kaplan, Robert S. and Bruns, W. Accounting and Management: A Field Study Perspective (Harvard Business School Press, 1987) ISBN 0-87584-186-4
The accounting equation (Assets = Liabilities + Owners' Equity) and financial statements are the main topics of financial accounting. The trial balance , which is usually prepared using the double-entry accounting system , forms the basis for preparing the financial statements.
A Bachelor of Commerce (BCom or B Com) is an undergraduate degree in commerce, accounting, mathematics, economics, and management-related subjects. Structure [ edit ]
Consolidated financial statements are defined as "Financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent (company) and its subsidiaries are presented as those of a single economic entity", according to International Accounting Standard 27 "Consolidated and separate financial ...
In accounting terms, the bank creates ("opens") an account in the name of the depositor or a name directed by the depositor in which the amount received is recorded as a transaction. The deposit account is a liability of the bank and an asset of the depositor (the account holder).
The Graduate Diploma in Professional Accounting [57] is a 12-week summer program that deepens the' knowledge of accounting while satisfying four modules of the CPA Professional Education Program (CPA PEP). The program prepares students for the Common Final Examination (CFE) and allows them to advance straight to the Capstone 1 module in the CPA ...