Accounting Theory and Practice

Course details

Entrance Criteria

• Successful completion of the previous learning areas (1-8) (have completed the Junior Bookkeeping Qualification and the Senior Bookkeeping Qualification AND have completed the Technical Financial Accountant Qualification, or equivalent qualifications) Or be a qualified Certified Technical Financial Accountant
• Grade 12
• Learners must be at least 16 years of age
• The ability to read and write in English

Course Structure

Accounting Theory and Practice Subjects:

• The framework of accounting
• Presentation of financial statements
• Property, plant and equipment
• Investment property
• Impairment of 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

Accounting Theory and Practice (ATP) is the final learning are in the ICB's Accounting Certification Programme. This learning area follows on from Financial Reporting and Regulatory Frameworks.

ATP is a dissertation/mini-thesis where the prescribed material is the Financial Reporting and Regulatory Frameworks material. The learner is required to do research and submit this research in the form of the mini-thesis.