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Commonly Asked Questions about Accounting

A successful career in accounting requires a strong foundation in auditing, mathematics, taxation, business and economics, financial accounting, managerial accounting and other core subjects of accounting and informational technology.
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarising, analysing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.
A-levels. Some universities will want you to have studied maths or business studies at A-level, but others have no specific subject requirements. Top universities will ask that you have at least an A or B in maths. General studies or critical thinking are often not accepted towards your points total.
The Business Accountant (SA) designation is aimed at those wanting to carry out entry-level finance roles. Admission requirements: Academic: Any national diploma or degree from an accredited institute (NQF level 6 or higher) Practical: 2 years relevant finance department experience or as a trainee in practice.
Preferred A-Level subjects Please use the list below to check our preferred subjects for BSc (Hons) Accounting: Accounting, Business Studies, Economics, English Language/Literature, Geography, Government and Politics, Law, Mathematics/Further Mathematics, Politics, Quantitative Methods and Statistics.
While it may not be universally acknowledged as the hardest business major, accounting is often considered more challenging than many other business degrees.
What are the basics of accounting? Basic accounting concepts used in the business world encompass revenues, expenses, assets, and liabilities. Accountants track and record these elements in documents like balance sheets, income statements, and cash flow statements.