SAICA allows training offices to provide trainees exposure to certain residual competencies through simulations.
Simulation of experience is an acceptable method of providing trainees with the opportunity to become competent in instances where practical exposure is not readily available in the training office.
According to the SAICA Training Regulations, trainees must gain a BASIC understanding of the concepts and techniques, and must be able to apply these concepts and techniques in simple, uncomplicated situations or environments.
The course focus on capital budgeting techniques - in order to aid management in the making of finance and investment decisions.
The following competencies will be assessed:
FM(R) 1: Evaluates the entity's financial situation
FM(R) 4: Evaluates capital investment decisions
After attending the course, delegates will have gained a basic understanding on the competencies mentioned below, and must be able to apply the concepts and techniques in simple, uncomplicated situations or environments.
Our ultimate goal is to provide the trainees the necessary training and practical exposure to proof a level 4 competency skill at a basic level for residual skills. This involves pre-course work, in-class discussions and exercises as well as evaluation and feedback.
Based on SAICA's latest CA Training Programme, a level four (4) sign-off is required at a basic level for all Residual Skills.
After submission of the PoE file an accredited SAICA Assessor will evaluate the contents of the submission against the SAICA CA Training programs competency skills requirements (level 4 sign-off at a basic level). Feedback will be given on an individual basis, also involving response by the training officer and trainee and recommendations where necessary.
This course consists of three parts:
On scheduled course date:
1: Presentation of theory relating to the competency at hand – including demonstration of related techniques and principles via examples and case studies
2: Online assessment completed via our new online platform – www.myskillsportal.co.za.
3: Post-course integrated assignment (prepared on Excel and submitted electronically within 6 weeks after attending the training)
The presentation is available in two formats:
Option 1: A “live on-line presentation” – using our virtual training platform. No recording available after the session is completed.
Option 2: Online e-learning modules (Pre-recorded online modules with the ability re-watch sessions)
After submission of the PoE file an accredited SAICA Assessor will evaluate the contents of the submission against the SAICA CA Training programs competency skills requirements (level 4 sign-off at a basic level). Feedback will be given on an individual basis, also involving response by the training officer and trainee and recommendations where necessary.
Trainees (delegates) who have a basic understanding of the elements of financial statements and financial analysis and who need to understand the application of the theory to analyse the financial strength of a business.
Delegates must have the following available on the day of the course:
Own computers (PC or laptop) with Excel loaded onto the machine
Internet Connection (Wi-Fi or 3G) with sufficient data for the day
Minimum connection speed required (use online page to test eg: https://www.speedtest.net/)
• Upload speed: at least 3 Mbps
• Download speed: at least 5 Mbps
Please note: We will be watching short YOUTUBE videos during the session to enhance the learning experience - therefore it is advised that you obtain permission from your IT department to gain access for the day.
USB headset (microphone, speakers) for each delegate is optional - however if an open office is used this is requirement
Webcam (external or built-in) for each delegate is not required as we do not use video functionality
For the engagement activities and online tools, other devices such as the iPad and iPhone are not recommended.
Please ensure that the pre-course work has been completed prior to attending the course.
Please ensure that you are logged in 30 minutes prior to the start of the session in order to download relevant material and sort out any technical challenges that you might have with the aid of your IT department.
