Advanced Certificate: Local Government Accounting (NQF4)

The purpose of this qualification is to provide the learner with the skills, competence, knowledge and understanding to effectively fulfil an accounts clerk type role in local government. The qualification follows on from and builds upon the registered Local Government Accounting Certificate at NQF Level 3.  This enables learners to develop work relevant competence, as an aid to employment and career progression.  The qualification also allows learners access to lifelong professional development and support, through the opportunity to take up full membership of the AAT, the largest professional body for accounting technicians.  The qualification benefits employers in local government as the qualification is tailored specifically to their needs and they can have confidence in the ability of trained staff and can recruit or promote accounting technicians, knowing that they have proved ability to do the required work.

Those holding the qualification can work in all sectors of the economy in a number of positions, including accounts clerk, wages clerk, accounts assistant, sales ledger clerk, bookkeeper. Many progress to become more senior in the accounts field and move on to hold positions such as Financial Controller and Accounts Manager.

This qualification develops skills in these areas:

  • Present Financial Data for Internal and External Use
    • Recognise cost centres and elements of costs and extract and code income and expenditure from orders and invoices
    • Consolidate and reconcile data from different parts of an organisation into a given format, adjusting for internal recoveries / transfers as necessary
    • Provide, in the given format, comparisons of data as requested, to include ratios and performance indicators
    • Adjust data to allow for changing price levels (inflation)
    • Prepare internal reports which identify problems and discrepancies and present to appropriate staff whilst observing confidentiality requirements
    • Prepare external reports in the given format observing confidentiality requirements
    • Identify VAT inputs and outputs and complete a VAT return
  • Computerised Accounting Software
    • Enter accounting transactions into computerised records
    • Operate a computerised accounting system including output
    • Identify the possible impact of relevant legislation and regulations
  • Maintaining financial records
    • Maintaining records relating to capital acquisition and disposal
    • Collecting and collating information for the preparation of final accounts
    • Preparing the final accounts municipalities
  • Recording and evaluating costs and revenues
    • Record and analyse information relating to direct costs and revenues
    • Record and analyse information relating to the allocation, apportionment and absorption of overhead costs
    • Prepare and evaluate estimates of costs and revenues
  • Operating a cash management and credit control system
    • Monitor and control cash receipts and payments
    • Manage cash balances
    • Assess credit risk of debtor accounts
    • Monitor and control the collection of debts

The terminology and context used within each of the above skills areas are tailored so that they are specific to the work of municipalities.