What is Accounting?
Accounting, also known as accountancy, is the processing of information about economic entities, such as businesses and corporations.
Top Paying Accounting Jobs In South Africa
Below are some of the Top Paying Accounting Jobs.
1. Chief Financial Officer (JSE Top 200)
The Chief Financial Officer of a company that is publicly traded on the Johannesburg Stock Exchange is a very important person. He is in charge of the financial aspect of the company, including Taxation, Staff Pay, and most importantly the declared profit and loss, as well as settlement of the company’s investors. Of course, the person who occupies this position is going to be a rather wealthy person; taking home around R2,000,000, with the pay getting as high as R3,200,000 per year making it the highest-paying accounting jobs in South Africa.
2. Finance Director (Large firm)
As the job title explains, the person who fills this position would be in control of the company’s finances. That exalted position puts him in charge of all monies coming in and going out, as well as staff remuneration, and all other things that have to do with cash. It is also his responsibility to audit the accounts of the various departments of the organization.
3. CFO/FD (SME)
The Chief Financial Officer of a Small or Medium Scale Enterprise is the person in charge of the finances of the company. He plays a similar role to the two mentioned above, the major difference being the fact that the organization is smaller than the two highlighted above, and for this reason, the amount of cash he handles is considerably smaller. The CFO would also be a pivotal member of the management team as they strive to bring their company to the top tier of companies, maybe taking it public.
4. Senior Finance Manager
The Senior Finance Manager of a company is one of the highest paying accounting jobs in South Africa, and an important member of the management. He is just a step below the board of directors, and so he oversees the spending of the various departments and also monitors the inflow of cash from the company’s various cash channels while reporting to the Financial Director who notifies the Board. It is his job to plug all roles through which the company may be losing money; he audits the accounts of the various departments.
5. Finance Manager
The Finance Manager could be the head accountant of a branch of a company; he would be responsible for the actual releasing of funds to the various departments and also receiving money made in sales of the company’s products. He would also be in charge of keeping the books and making periodic reports to his superiors within the structure of the company.
What is the highest-paying job in accounting in South Africa?
Included in that list are chief executives and chief financial officers of many companies, two of the highest-paying roles in an organization. As the chief financial officer or finance director of a large company, qualified chartered accountants can earn between R2 million and R3 million per year.
Which sector of accounting makes the most money?
The top-paying industries for accountants include finance and insurance, management of companies and enterprises, tax preparation, and the government.
Is accounting in high demand in South Africa?
High demand: Accounting is a profession that is in high demand in South Africa, with many businesses and organizations requiring the services of qualified accountants to manage their financial affairs. Good earning potential: Accountants in South Africa are among the highest-paid professionals in the country.
Which accounting degree is best in South Africa?
- BCom in Accounting. University of Johannesburg.
- BCom in International Accounting.
- Bachelor of Accounting.
- Bachelor of Commerce in General Accounting.