Professional Certificate in Accounting Function [PcAF] Self Paced

The Professional Certificate in Accounting Function (PcAF) program is designed to provide a comprehensive understanding of fundamental accounting principles and practices. This course equips participants with the essential skills and knowledge required to effectively perform accounting tasks in various business environments. From the preparation of financial statements to managing ledgers, handling accruals and prepayments, and conducting bank reconciliations, this course covers all critical aspects of accounting functions. Whether you're an aspiring accountant, business owner, or professional looking to enhance your financial management skills, the PcAF certification will provide you with the expertise needed to manage accounting functions with confidence and accuracy. This course focuses on practical application, ensuring that participants are well-prepared to meet the demands of modern accounting roles.

- Provide a strong foundational understanding of accounting principles and their application in business.
- Equip participants with the skills to maintain and manage books of prime entry.
- Develop knowledge of ledger systems and the preparation of trial balances for accurate financial reporting.
- Enable participants to prepare financial statements in compliance with accounting standards.
- Provide an understanding of accruals and prepayments, including their impact on financial reporting.
- Equip participants with techniques for managing bad and doubtful debts to maintain accurate financial records.
- Explain the process and methods of depreciation and its effect on financial reporting.
- Introduce participants to the bank reconciliation process to ensure accurate and up-to-date financial records.
- Strengthen participants' understanding of how to reconcile discrepancies between financial records and bank statements.
- Foster the ability to prepare accurate financial reports and analyze financial data for decision-making.

Accrual and Prepayments

Bad and Doubtful Debts

Bank Reconiliations

Books of Prime Entry

Depriciation

Introduction to Accounting

Ledgers and Trial Balance

Preparation of Financial Statements

Pre-Course Assignment

8 Practical Focus Module
Post Completion:
- Electronic Certificate
- Digital Badge via Credly.com

- Accounting Fundamentals
  - This competency involves a deep understanding of accounting principles, including double-entry bookkeeping, the accounting cycle, and financial regulations. It ensures participants are capable of handling basic to advanced accounting functions.
- Transaction Recording
  - Focuses on the ability to accurately record transactions in the books of prime entry, including journals, cash books, and petty cash. This competency ensures precision in capturing financial transactions that form the basis of financial reporting.
- Ledger Management
  - Involves managing and maintaining various ledgers, such as general ledgers and subsidiary ledgers, and ensuring that they are accurate and up to date. It includes the preparation of trial balances and understanding the process of closing entries.
- Financial Reporting
  - This competency involves preparing comprehensive financial statements, including balance sheets, income statements, and cash flow statements, in compliance with accounting standards and regulations.
- Asset Management and Depreciation
  - Focuses on the management of tangible and intangible assets, including understanding depreciation methods (e.g., straight-line and reducing balance) and their impact on financial statements.
- Accrual and Prepayment Accounting
  - This competency involves understanding the principles of accruals and prepayments and how to apply them in financial statements to match revenue and expenses accurately within a given accounting period.
- Debt Management
  - Emphasizes the management and accounting for bad and doubtful debts, ensuring proper provisions are made and financial records are adjusted accordingly.
- Bank Reconciliation
  - Involves reconciling company records with bank statements to identify discrepancies and ensure accurate financial reporting. It also includes ensuring that cash balances are accurate and reliable.

Understand the core concepts and principles of accounting and their application in business.
Accurately maintain books of prime entry and ensure proper recording of transactions.
Prepare and manage ledgers, ensuring the creation of accurate trial balances.
Develop the ability to prepare financial statements, including balance sheets and profit and loss accounts.
Understand the role of accruals and prepayments in financial reporting and how to account for them correctly.
Manage bad and doubtful debts and apply appropriate accounting treatments to maintain accurate records.
Calculate and apply depreciation methods to reflect the depreciation of assets in financial statements.
Perform bank reconciliations to identify and resolve discrepancies between company records and bank statements.
Use accounting software or manual methods to record financial transactions and prepare accurate financial documents.
Analyze and interpret financial statements to make informed decisions based on the financial position of the business.

Features:

Features:
Duration: 3 Months
Short Video Materials: Yes
Mode of Learning: Self-Paced

Assignment:

Total Assignments: 02
1 Pre-Course Assignment (Learning Purpose)
1 Capstone Projects
- Marks: 100
- Pass Mark: 50%

Name: Adebayo Olorunfemi
Designation: Finance Manager, Oando Plc,
Country: Nigeria
"The Professional Certificate in Accounting Function (PcAF) course provided a deep dive into financial accounting principles, and I found it highly relevant to my role as Finance Manager at Oando Plc. The course covered key topics such as financial reporting, budgeting, and internal controls, which have enhanced my ability to manage the company's financial processes more effectively. The practical approach, combined with real-world case studies, allowed me to immediately implement the concepts in my work. This certification has undoubtedly strengthened my expertise in accounting and finance."

Name: Reem El-Sayed
Designation: Senior Accountant, Orascom Construction
Country: Egypt:
"As a Senior Accountant at Orascom Construction, I was looking for a course that would deepen my understanding of financial operations and improve my accounting skills. The PcAF course was exactly what I needed. It covered everything from accounting principles to advanced financial analysis techniques, providing a comprehensive understanding of the accounting function. The course materials were clear and well-organized, and I appreciate the practical exercises that allowed me to apply what I learned. I’m now more confident in managing complex financial tasks and reporting for the company."

Name: Thabo Nkosi
Designation: Chief Accountant, Standard Bank Group
Country: South Africa:
"The Professional Certificate in Accounting Function (PcAF) is an outstanding program that helped me improve my accounting and financial management skills. As Chief Accountant at Standard Bank Group, I found the detailed lessons on financial statements, tax compliance, and auditing particularly useful. The course provided both the theoretical knowledge and practical tools I needed to enhance our accounting processes and ensure financial integrity within the company. I highly recommend this course to accounting professionals looking to further their expertise in financial operations."

Name: Nadia Toure
Designation: Financial Controller, MTN Group
Country: Côte d'Ivoire:
"Enrolling in the PcAF course was one of the best decisions I made for my career as Financial Controller at MTN Group. The course content was both detailed and practical, covering key accounting topics such as financial reporting, consolidation, and cost accounting. The best part was the ability to apply the lessons directly to my daily work, making the learning process more impactful. I now feel more equipped to handle complex financial scenarios and contribute to better decision-making at MTN. This course is invaluable for anyone looking to advance in accounting and finance."

Name: Chike Okafor
Designation: Finance Officer, Nigerian Breweries
Country: Nigeria
"I found the Professional Certificate in Accounting Function (PcAF) course to be highly beneficial in my role as Finance Officer at Nigerian Breweries. The course provided an in-depth understanding of key accounting functions, such as managing financial records, preparing budgets, and conducting financial analysis. The clear structure and detailed explanations made complex accounting concepts easy to understand. Since completing the course, I’ve been able to manage financial processes more efficiently, improve reporting accuracy, and contribute more effectively to our budgeting efforts. I would highly recommend this course to anyone seeking to enhance their accounting skills."

FAQ

Q. Is this course Fully Online?
A. Yes, this course is fully online.

Q. Is there any video tutorial?
A. Yes, there is video tutorial for each module.

Q. Can we download material?
A. Yes, you can download pdf material. However, video tutorial is not downloadable.

Q. Can I attend exam online?
A. Yes, you can attend exam online.

Q. How can I get certificate?
A. Once you complete all requirements like passing exam, passing assignments etc., then you can download certificate from your dashboard.

Q. Can we contact instructor or administrator?
A. Yes, you can contact instructor or administrator through your dashboard. Also you can contact administrator through WhatsApp.

Q. Is this course internationally recognized?
A. Yes, the course is endorsed by International Professional Accreditation Council (IPAC)-Singapore.

Q. What is the Payment Mode?
A. The available options are as follows:
- We accept Online Payment by VISA Card & MasterCard.
- We also accept Western Union/MoneyGram.
- Bank Transfer - Euro/USD payment
- PayPal payment

Q. Is any other fee required for exam or certificate?
A. No other fee is required for exam or certificate. Material, exam, certificate- all costs are included in the fee declared.

Q. Can I enroll in more than one course at a time?
A. Yes, you can enroll in as many as you want simultaneously.

Q. What will happen if I fail in the exam?
A. You will get a second chance to take the exam without any other fee. However, for the third chance on-ward, you need to pay exam fee 10 USD per attempt. You can attempt as many as you require.

Email us your question: support@worldacademyuk.com

Exam Guideline

Exam Method:

Number of Exams: 01
Number of Questions: 30 MCQ Questions
Duration: 30 Minutes
Total Marks: 60
Pass Mark: 50%

Professional Certificate in Accounting Function [PcAF] Self Paced