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Specialist in not-for-profit

Specialise in the accounting and financial reporting of NPOs, NPC, Schools and NGOs.

R 2500
Category Licence
Accredited SAIBA
CPD Hours 25
Effort 2 month's study, 6 hours per week
Duration 60 hours
Format Self-study
Level NQF Level 6
Assessment Yes
Supervised No
Pre-Entry Yes
Tuition Optional
Study Material Yes

What you will learn

The objective of this licence is to equip Business Accountants with the designations BAP(SA) to:

  • Develop their skills in charity and non-profit organisation accounting, financial management, and financial reporting.
  • Develop a specialist knowledge of the Non-Profit Organisations Act, 71 of 1997 and Income Tax Act provisions regarding Public Benefit Organisations.
  • Recognise the financial statement presentation and disclosure requirements that apply to not-for-profit entities.
  • Identify Department of Social Development and SARS filing requirements of an exempt organisation, recognise the core components of the annual information return, and identify when an NPO may be subject to unrelated business income tax.
  • Recognise best practices in NPO board governance, risk assessment and internal controls.
  • Identify steps involved in planning a successful audit, review or accounting officer engagement and identify key considerations and client communications.

To obtain the licence you need to provide evidence of competence in the specialist area. This evidence is presented by passing an exam. The exam is set by an independent industry expert and accredited by SAIBA.

Study Units

Identify the unique aspects of NPEs.
Understand the differences between for-profit entities and NPEs.
Recognise the various types of NPEs.
Identify NPE-specific terminology.
Identify the basic financial statement presentation differences between for-profit entities and NPEs.
Identify examples of the differences in the organisational structures of for-profit entities and NPEs.
Understand the provisions relevant legislation affecting NPEs including the Non-Profit Organisations Act, 71 of 1997, Companies Act, 71 of 2008 (NPC), and Income Tax Act provisions regarding Public Benefit Organisations.
GAAP for NPEs
Financial Statement Presentation
Assets
Investments
Programmatic Investments
Split-interest Agreements and Endowments
Liabilities
Fair Value Issues Specific to NPEs
Net Assets
Revenue from Contributions
Exchange and Agency Transactions
Expenses
Meaning of exempt purpose
Related vs. unrelated activities
Definition of unrelated business income
Consequences of excessive unrelated business income
Exempt vs. non-exempt income
Statutory exemptions and exclusions
SARS Filing Requirements
Best Practices in Board Governance
Risk Assessment and Internal Controls
Fraud Overview and Prevention
Auditing, Review, Accounting officer, Compilation considerations
Planning the professional engagement
Financial Oversight, Budget and Strategy

Requirements

The entry requirements for the licence is a BAP(SA) or an equivalent designation at NQF level 7, together with a minimum of 8 years of relevant experience.

Description

As specialist in performing Non-Profit Engagements your will stand out from the crowd, be able to attract more clients, and earn higher fees.

As an accountant that specialises in NPOs, Schools, PBOs, Fund-raising, Lotto applications, and NPCs you will be able to set yourself apart with this license that covers the essentials of not-for-profit financial management, including accounting and financial reporting, tax compliance, governance and assurance.

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