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What is Finance and Accounting

Within every organisation, there is a need for competent professionals that specialise in finance and accounting. These individuals are needed to assist with the internal decision-making and control of a company. Within every organisation, there is a need for competent professionals that specialise in finance and accounting. These individuals are needed to assist with the internal decision-making and control of a company’s finances to ensure a healthy and robust bottom-line. Financial accounting specialists are also required externally for financial reporting purposes too.

Both locally and globally, specialists in this field are hard to find. It has been widely publicised as a skills shortage around the world, making it a much sought-after career opportunity. Choosing a profession in financial and managerial accounting, if you have the skills and interest in the field, is a smart move in terms of future opportunities both in South African and abroad.

At IIE MSA, we offer the IIE Postgraduate Diploma in Finance and Accounting, designed as a value-add for young graduates at the beginning of their careers in finance, as well as for finance professionals already working in the industry or in government departments.

What is the difference between finance and accounting?

Simply put, the difference between finance and accounting is that the accounting focuses on the daily financial functions of a business or organisation – like money going in and out – whereas finance is a much broader term relating the management of a company or organisation’s finances including assets and liabilities. Both play a key role in the financial health and wealth of a business both currently and for the future.

Within the IIE Postgraduate Diploma in Finance and Accounting , the student will get a detailed understanding of how to render a professional service in both of these areas of specialisation which includes being able to work for private and public companies, consulting firms, governmental organisations and NGO’s.

Why should I specialise in finance and accounting?

Do you have a keen interest in how the financial and accounting functions of businesses work? Or are you interested in strengthening and deepening your knowledge of the finance profession with a strong focus on management accounting?

If so, then it would be wise to consider enrolling for IIE Postgraduate Diploma in Finance and Accounting with IIE MSA today. The IIE Postgraduate Diploma in Finance and Accounting will open up an attractive range of career opportunities including;

  • Risk Manager
  • Management Accountant
  • Financial Manager
  • Strategic Consultant
  • Financial Manager or Director
  • CFO
  • Financial Controller
  • Internal Auditor

Keen to know what career opportunities are available once you’ve completed this executive diploma? Find out more here.

What are the entry requirements for the IIE Postgraduate Diploma in  Finance and Accounting offered at IIE MSA?

A Bachelor’s Degree in finance or accounting is essential for entry onto this program or an appropriate or equivalent HEQSF level 7 qualification. Recognition of Prior Learning (RPL) admission requirements will also be considered for this course.

If you are interested in applying for the IIE Postgraduate Diploma in  Finance and Accounting, more information can be found here.

Why is accounting and finance important within organisations?

The function of a Finance Accountant or Management Accountant is a critical one within all organisations. Professionals in this area are able to offer businesses an innovative skill set which includes management accountancy, financial strategic and risk management skills, as well as business report writing skills.

The IIE Postgraduate Diploma is offered as a one-year full-time course which is accredited by CHE. The course will teach students a host of critical skills needed to render professional management accounting services, by compiling meaningful reports in response to an accounting or business problem. The IIE graduates will be able to solve complex problems by effective teamwork. Ethical issues in given scenarios will be identified and students will understand and be able to debate the need for ongoing education.

The programme outline consists of 8 areas of specialisation, including;

  • Internal planning and control
  • Management accounting
  • Project relationship management
  • Financial reporting
  • Business writing
  • Business strategy
  • Risk management
  • Financial strategy

For more information about studying with IIE MSA, get in touch with us today.

IIE MSA offers mixed mode learning

We have created an innovative system of hybrid learning which incorporates contact sessions, online resources and a combination of assessment methods. We aim to ensure that our students not only achieve competency but are exposed to a world-view of problem solving and critical thinking.

Based in Johannesburg, South Africa, offering IIE quality programmes that offer both foundational learning courses and Masters level programmes. When you choose to study at IIE MSA, you’ll be choosing to learn through both a global and local lens.

Choose to study with IIE MSA and you’ll be able to choose from a wide range of courses including:

For smaller classes, personalised tuition and excellence in education, choose IIE MSA today.

British Accreditation Council

The IIE is not only accredited in South Africa but its dedication to providing quality education also led to it being accredited by the British Accreditation Council (BAC) in 2014. The British Accreditation Council is an independent authority in the United Kingdom that accredits private providers globally, including Greece, Switzerland, Singapore, India, Mauritius and the United Arab Emirates. In 2017 The IIE had its accreditation status confirmed by the BAC as an Independent Higher Education Institution confirming our confidence in the international comparability of our standards.

South African students need to know, when they select a private higher education institution, that the standards offered are equivalent to those of a public University. Our students get this from our extensive local accreditation and registration. The students also benefit from knowing that we meet international standards too. The IIE is accredited as an Independent Higher Education Institution by the British Accreditation Council. Locally and internationally we have demonstrated the quality of what we offer,” said Dr Coughlan, Director, The Independent Institute of Education. IIE MSA students can be confident that their IIE learning experience meets international best practice standards.