How To Become An Accountant In South Africa

An accountant is a professional who is responsible for keeping and interpreting financial records.

Below is How To Become An Accountant In South Africa

Exit School With The Correct Subjects And Levels

Get The Right University Qualification

Part-Time Study

Get The Right Training

Pass SAICA’s Professional Examinations

The Initial Test Of Competence (ITC)

Below are requirement To Become An Accountant In South Africa

Academic requirements

Successfully completed a Bachelor of Commerce degree, or equivalent, with the following required core subjects from a SAIPA-accredited tertiary institution:

Financial Accounting 3

Taxation 1

Auditing 1 / Internal Auditing 2 / Internal Control and Code of Ethics

Corporate Law 1 / Commercial Law 2

Management Accounting

Practical requirements

Three year learnership at a SAIPA Accredited Training Centre (ATC) ; or

six years of verifiable experience; or

a completed training programme from another accredited professional accounting body

What qualifications do you need to be an accountant?

The AAT qualification is the minimal level of qualification required for most kinds of accountancy. You can then choose to take higher level qualifications like the ACA, ACCA or CIMA, which will allow you to become a chartered accountant.

How much is an accountant paid in South Africa?

Salary Recap

The average pay for an Accountant is ZAR 390,053 a year and ZAR 188 an hour in South Africa. The average salary range for an Accountant is between ZAR 281,358 and ZAR 485,872. On average, a Bachelor’s Degree is the highest level of education for an Accountant.

How long does it take to study accounting in South Africa?

Depending on the degree course you choose, it will take you four to five years to complete your degree at a university. You will then need to do three years internship training (articles) with an accredited accounting firm.

Is there a demand for accountants in South Africa?

“8% of our respondents report difficulty in recruiting skills in the accountancy and finance fields,” she said. Asked why there are not enough local accountants, Jacobs says the problem is relative: “There are definitely many qualified accountants in the country but demand outpaces supply.”

How hard is it to be an accountant?

Accounting can be a very challenging major and takes four years of serious commitment to complete. With difficult classes, intense curriculums, and very little free time, many international students find that accounting may not be right for them and decide to leave the field.

Can I be an accountant without a degree?

It is absolutely fine to get the training to be an accountant without a degree related to accounting, finance, business or numbers in general. From my experience, accounting is a set of rules that is best to learn on-the-job.

Are accountants rich?

Accountants can be very highly paid. If you’re a senior in a private practice or a Finance Controller in industry then you’ll be on good money, but not retire at 40 money. Really the answer to this is the same as every industry, if you really want to get “rich” then you need to own or have a stake in the company.