Financial Accountant in Commerce:

• A person who has completed a degree or diploma in accounting with a minimum SAQA rating of NQF level 6 (Old level).

• The applicant needs to have a minimum of 2 years practical accounting experience, which must include the preparation of financial statements (i.e. balance sheet, income statement, cash flow and notes).

• A Financial Accountant in Commerce should be allowed to write up books of prime entry for all types of business entities but will not be allowed to act as an Accounting Officer in terms of section 60 of the Close Corporation Act or as a reviewer as defined in section 26 (1) (d) of the Regulations to the Companies Act No 71 of 2008.

• Financial Accountant in Commerce may apply to be registered as an Accounting Officer but would have to meet the entry requirements prevailing at the time.