TWP Academy now offers a range of fully accredited bookkeeping, financial management as well as entrepreneurial qualifications that will allow you to jumpstart your career in apositive way.
TWP Academy caters for students that want to study high quality, accredited bookkeeping and accounting qualifications, but who may not meet the entry requirements of UNISA and other institutions of higher learning. Many of the ICB qualifications only take a grade 10 to apply, and thus this gives access to education to students who may otherwise be excluded.
We also believe they are suitable for students that were accepted by UNISA, but are not able to pass the degree level subjects in Accounting. Approximately 95% of UNISA students fail the first year accounting exams, so we believe there is a real need for an alternative for these students.
As with any home study courses our qualifications are ideal for people that are working and want to keen earning and gaining experience as they study towards their qualifications. This makes it affordable, especially with the monthly payment structures offered by TWP Academy.
TWP Academy Accreditation
TWP Academy is accredited by the Institute of Certified Bookkeepers (ICB) as a Quality Assurance Partner (QAP of FASSET (Fasset is the Finance and Accounting Services Sector Education and Training Authority) and QCTO (Quality Council for Trades and Occupation). This means that the ICB receive your accreditation application and do the site visit.
When a training institution is inspected for its accreditation, the accrediting body looks at the ability of the training institution to successfully offer the course for which they are being accredited. This means they look at the structures, venues, study materials, financial health, tax status and BEE status as part of the accrediting process.
Once they have established that you do have everything you need in place to offer this qualification successfully they submit your details to QCTO to issue the accreditation.
When you choose to start studying a course, it is important to know that you are signed up with a reputable college. You will need to be registered with a college that has been through the accreditation process so that your potential employers will recognise your qualification and know that you can bring something to the table when you join their team.
TWP Academy has passed these and all the other accreditation requirements in full.
FASSET Accreditation number
Accreditation Number – A58500025
(25 May 2016 – 24 May 2021)
Qualifications offered by TWP Academy
We need that home study students need more than to receive their books, and then be left to your own devices to struggle through alone. At TWP Academy we are dedicated to providing students with high quality distance learning education, with lots of extra information and contact from us to ensure that you keep focused, understand the course content and are ready for your final exams.
We focus on improving access to education, and it is our goal to make sure that each of our students is given the academic support that he or she needs to succeed.
TWP Academy offers various accredited qualifications in the bookkeeping and accounting field. The most popular qualification that we offer is the financial accounting program. We will discuss this at length, and then list our other qualifications briefly thereafter.
ICB Financial Accounting Programme
Every company needs someone in the organisation to look after the books.
If a company fails to keep good financial records it is not only putting itself at risk of failing due to bad financial management. They also put themselves at risk of breaking the laws that voern business. Thus it is very important that every company has an excellent finance team that has financial accounting training.
Financial accounting is a very important part of the organisation that keeps tabs on a company’s financial transactions. These transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet using standardized guidelines.
If you want to become an accountant one day, this is the right stream for you. You will learn how to do bookkeeping, financial accounting, income tax, financial management, reporting standards, corporate strategy, management accounting and research.
Remember this course takes you up to national diploma level. You will be to switch over to study with ACCA or CIMA if wish you take your studies further and become a registered accountant.
ICB Financial Accounting Foundation Level
This qualification will take you 10 months, and you can be a Junior Bookkeeper, Accounts Clerk, Reconciliation Clerk, Payroll Clerk, Accounts Payable/Receivable Clerk once you have completed all your exams.
The ICB Financial Accounting foundation level has four subjects, and you qualify for the National Certificate in Bookkeeping once you have passed the exams. That means you get your first qualification after studying just 4 subjects.
You need to be 16, and how a grade 10 or equivilent to study this program, and you don’t need in prior accounting knowledge. That means this is written assuming you know nothing about accounting so there is no need to be intimidated.
- Bookkeeping to Trial Balance (BKTB)
- Payroll and Monthly SARS Returns (PMSR)
- Computerised Bookkeeping (CPBK)
- Business Literacy (BUSL)
You will be able to do monthly bookkeeping to trial balance (manual and computerised); disclose profit and financial position; reconcile suppliers, inventory and bank statements; calculate PAYE/UIF/SDL; payroll tax and other deductions; EMP201, EMP501, IRP5, IRP6 and IT3a documents and VAT returns once you have completed this course.
ICB Financial Accounting Intermediate Level
You can only do this course if you have completed the foundation level course, or are exempted from it by the ICB. At the Intermediate Level, you will hold the FET Certificate in Bookkeeping once you qualify. This will take you about 6 months to complete.
You will be able to work as a senior bookkeeper, junior accountant, assistant accountant, financial services officer, credit controller or business analyst.
The subjects you will complete at this level are:
- Financial Statements (FNST)
- Cost and Management Accounting (CMGT)
After completing these subjects you will be able to do monthly bookkeeping, asset disposal, year-end adjustments, International Financial Reporting Standards for SMMEs, branch accounts, incomplete records, analysis of financial statements, understand cash flow, basic cost and management accounts, prepare manufacturing accounts, costing and budgeting.
ICB Financial Accounting Upper Intermediate Level
This level should take another 6 months to complete, and there are two further subjects. Entry requirements are are that you have successfully passed the exams for subjects 1 to 6 listed above.
Once you have your further Education and Training (FET) Certificate: Bookkeeping you will be able to work as a Technical Financial Accountant, Financial Manager, Financial Services Manager, Accounting Technician or a Tax Technician.
The subjects you would need to complete are:
- Income Tax Returns (ITRT)
- Business Law and Accounting Control (BLAC)
You will be able to complete a full set of accounts for a financial year, support management in finance and accounting, become a SAIT tax practitioner (once you meet their requirements), know the ins and outs of accounting, taxation (individuals and companies), auditing and business law.
ICB Financial Accounting Advanced Level
This last level takes a further year to complete and you need to hold all 8 of the first modules in order to qualify to take this qualification, or equivalent. Once you have passed the final 4 subjects you will hold a National Diploma in Financial Accounting, which is on NQF level 6.
You will now be able to hold any one of the following job titles: Financial Accountant, Accounting Officer (via SAIBA, if you meet their criteria), Tax Practitioner, Tax Consultant, Management Accountant or Assistant Manager.
You will need to complete the following subjects:
- Corporate Strategy (CRPS)
- Management Accounting Control Systems (MACS)
- Financial Reporting and REgulatory Frameworks (FRRF)
- Research Theory and Practice (by short dissertation; topic Financial Accounting) (RTAP)
You will now be able to Compile annual financial statements; register with SAIBA as an Accounting Officer (once you meet their requirements); work with Chartered Accountants and Auditors; have a thorough knowledge of accounting theory and practice, corporate strategy and International Financial Reporting Standards.
We also offer the following programs:
ICB Entrepreneurship Programme
This is an ideal programme for the financially-minded individual who has dreams to start, manage or develop a small/medium sized business, or want to help grow an established local company to a global enterprise. The ICB Entrepreneurship Programme has three levels:
Foundation Level. At this level, one qualifies for the National Certificate in Small Business Financial Management. With this certificate on can start your own business or join a startup company.
Intermediate Level. At this level, one qualifies for the Higher Certificate in Office Administration. With this certificate you can start your own business or join a startup business as their financial person.
Advanced Level. At this level, one qualifies for the National Diploma in Financial Accounting. With this qualification you can be a Financial Accountant, Chief Financial Officer in an entrepreneurial environment, Business Consultant, Business Advisor or an Accounting Officer (via SAIBA, if you meet their criteria).
ICB Public Sector Accounting Programme
Public Sector Accounting is an accounting method used in central and local governments and other non-profit public sector entities. TWP Academy offers the following ICB accredited public sector accountant courses:
Foundation Level. At this level, one qualifies for the National Certificate in Public Sector Accounting. With this certificate, one can be a Public Accounts Administrator
Intermediate Level. At this level, one qualifies for the Diploma in Public Sector Accounting. With this Diploma, one can be a Technical Public Accountant or an Accounting Technician in the public sector.
Advanced Level. At this level, one qualifies for the National Diploma in Financial Accounting. With this Diploma, one can be a Public Sector Financial Accountant, Financial Accountant or an Accounting Officer (via SAIBA, if you meet their criteria)
ICB Business Management Programme
Business management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively. The ICB Business Management Programme has three levels:
Foundation Level. At this level, one qualifies for the National Certificate in Small Business Financial Management. With this certificate, one can be a Assistant or administrator in human resources, office management, legal, administration, public relations, marketing, sales, customer relations. Junior Researcher, Junior Analyst, or Sales Assistant.
Intermediate Level. At this level, one can qualify for the Higher Certificate in Office Administration. With this qualification, one can be a Senior Office Administrator, Secretary, General Office Manager, Human Resources Manager, Labour Relations Manager, Field/Floor/Store/Department Supervisor or a Customer Service Manager.
Advanced Level. At this level, one qualifies for the National Diploma in Financial Accounting. With this diploma, one can be a Financial Accountant, Accounting Officer (via SAIBA if you meet their criteria). Field/Floor/Store/Department Manager, Key Account Manager, Business Manager, Business Consultant, Business Advisor, Service or Sales Manager.
ICB Office Administration Programme
This stream is for people who aspire to become business administrators or office managers. These are people mainly responsible for making sure that everything goes as planned and that problems get attended to in a business. The business administrator or office manager also oversees the tasks of all other office staff and keeps them motivated to ensure a positive office environment.The ICB Office Administration Programme has three levels.
Foundation Level. At this level, one qualifies for a Certificate in Office Administration. With this qualification, one can be a Junior Office Administrator, Receptionist, Office Assistant, Public Relations Officer or a Marketing Administrator.
Intermediate Level. At this level, one can qualify for the Higher Certificate in Office Administration. With this certificate, you can be a Senior Office Administrator, Secretary, General Office Manager, Human Resources Administrator or a Labour Relations Administrator.
Advanced Level. At this level, one qualifies for a Diploma in Office Administration. With this qualification, one can work as a Office Manager, Public Relations Manager, Administrative Manager