Professional Certificate in Drafting Financial Statements

Start Date: 7 May 2024

Payment option : Once-off payment

Full course fee: R11 963.00

Payment option : Debit order

Application fee: R2,990.75

Monthly fee: R2 990.75 per month, three instalments.

Lecturer: Innocent Shongedza
Lecturer: Nestene Botha CA(SA)

Delve into the realm of financial statement compilation with our Professional Certificate course. Master IFRS for SMEs, ISRS 4410, and the IESBA Code. Enhance your proficiency with hands-on Draftworx tutorials and comprehensive modules. Join SA Accounting Academy for unparalleled expertise.

Elevate Your Accounting Career: Drafting Financial Statements

Dive into the world of professional financial statement drafting with our tailored course, designed specifically for experienced accountants seeking to refine their expertise. This unique program offers an unparalleled blend of practical skill enhancement and in-depth knowledge across key areas, including ethical considerations, legislative requirements, and the latest accounting frameworks. Ideal for those looking to elevate their service offerings and confidence in compilation engagements, our course promises to be a transformative step in your professional development journey.

About this Course

The Professional Certificate in Drafting Financial Statements is a comprehensive, specialised course designed for qualified accountants looking to upskill their expertise in the area of financial statement compilation. The course provides an in-depth exploration of the subject, ensuring that participants walk away with not just theoretical knowledge, but also a wealth of practical skills and tips they can immediately apply in their work / practice.

The curriculum spans eleven modules, each honing in on a specific aspect of financial statement compilation. The course begins by ensuring practitioners understand the breadth and limitations of their responsibilities across different entities, from sole proprietorships to public sector entities. The subsequent modules delve into the nuances of compilation engagements, covering everything from the appropriateness of these engagements for various entities to ethical considerations and legislative requirements.

Participants will also gain a comprehensive understanding of the International Financial Reporting Standards for Small and Medium-sized Enterprises (IFRS for SMEs), the International Standard on Related Services (ISRS) 4410, and the International Ethics Standards Board for Accountants (IESBA) Code. These modules offer a complete guide to the frameworks and regulations that govern financial statement compilation.

The course also emphasizes the use of the online software, providing step-by-step instructions and video demonstrations on how to set up, adjust entries, and finalize financial statements. The penultimate module offers a thorough review process for completed financial statements, while the final module gives practical advice on effectively communicating the results to clients, including strategies for providing value-adds and securing referrals and feedback.

In essence, this professional education course is an invaluable resource for qualified accountants seeking to provide top-tier compilation engagement services confidently and competently. By the end of the course, participants will be prepared to approach practical compilation engagements with a heightened level of proficiency, increasing their value and contribution in their respective roles

Looking for a foundational course in drafting Financial Statements? Click here to find out more about our Short Course in Drafting Financial Statements.

Competencies Developed in this Course

  • Understanding Compilation Eligibility: Gain a comprehensive understanding of who is eligible to compile financial statements for various types of entities, from sole proprietorships to public sector entities.
  • Appropriateness of Compilation Engagement: Develop the ability to discern when a compilation engagement is appropriate for various entity types and how it compares to audits, reviews, and agreed-upon procedures.
  • Framework Selection: Learn how to select the right accounting framework for different entity types, with a specific focus on the International Financial Reporting Standards for Small and Medium-sized Enterprises (IFRS for SMEs).
  • Ethical Considerations: Understand the ethical considerations during a compilation engagement, with the IESBA code serving as the basis and guidance on consulting respective professional bodies' codes.
  • Compilation Engagement Execution: Acquire the skills to perform a compilation engagement under the International Standard on Related Services (ISRS) 4410, including working paper requirements and strategies for planning and managing the engagement.
  • Understanding Legislative Requirements: Become familiar with various legislative requirements when compiling financial statements, emphasizing the practitioner's responsibility to ensure legal compliance.
  • Finalizing Financial Statements: Learn the process of finalizing financial statements using Draftworx, including hands-on experience with video demonstrations.
  • Review of Financial Statements: Develop the skill to review a completed set of financial statements, using an IFRS for SMEs review checklist, and tips for reviewing each Financial Statement page.
  • Client Communication: Learn effective strategies for discussing compilation results with clients, including how to provide value-adds, secure referrals and feedback, and communicate effectively.

Course Delivery, Duration, and Effort

This 3-month course is delivered through the SA Accounting Academy online learning campus. The course is divided into 11 modules. In this way you can maintain a work-life balance whilst studying and improving your professional skills. The required effort is 4 to 8 hours per week.


Nestene Botha CA(SA)

Nestene is a Chartered Accountant with a Masters Degree in Auditing Education. She has 7 years experience lecturing, training and building courses for various tertiary institutions. Her areas of expertise include entrepreneurship, auditing, corporate governance, integrated reporting and course building.

She is passionate about creating learning journeys that transfers practical skills to accountants and makes theoretical knowledge come to life. She excels at creating meaningful learning experiences for practicing accountants. In this course she works with experienced practicing accountants to teach them everything they ever needed to know about “Drafting Financial Statements.”

Innocent Shongedza

Innocent has more than 12 years industry experience in various finance and accounting roles. During the past 10 years Innocent has moved into the training space where he facilitated on work-readiness programs for thousands of accounting and finance graduates. He is an assessor and moderator registered with various SETAs where he assesses and moderates accounting and finance qualifications. Innocent also trains QuickBooks Online as well as Sage Pastel.

Admission Requirements

Bachelor degree in Accounting or Diploma with three years relevant experience is recommended.


This professional education course is a non-credit bearing short learning programme. The course is aligned to the International Federation of Accountants (IFAC) International Education Standard (IES) 7 and is recognised for CPD / CPE by accounting professional bodies.


This course includes formative assessments to test your knowledge throughout the modules. Learners must achieve all competencies of the course.

Assessment and Certification

On successful completion (i.e. competence in all modules and assessments) of this course the learners will be awarded:

  • Professional Certificate of Competence from SA Accounting Academy.



  • Module 1: Who is allowed to compile which types of financial statements?
  • Module 2: Deciding whether a compilation engagement is appropriate or not.
  • Module 3: Which accounting framework applies under what circumstances?
  • Module 4: Ethical considerations during a compilation engagement.
  • Module 5: Steps involved in performing a compilation engagement.
  • Module 6: An overview of legislative requirements to look out for when compiling financial statements
  • Module 7: Draftworx: Setting up the compilation file.
  • Module 8: Draftworx: Adjusting Entries & completing the compilation file.
  • Module 9: Draftworx: Finalising the Financial Statements.
  • Module 10: Reviewing the compiled Financial Statements.
  • Module 11: Discussing the compilation results with your client.

For more information on what will be covered in the curriculum please download the prospectus.

About SA Accounting Academy

The SA Accounting Academy is an accredited private QCTO, SAICA - AT(SA), ICB and BANKSETA qualifications provider. We are committed to providing our students with the highest quality training and support, to ensure that your skills and knowledge are up to date and ready to face the challenges of the modern workplace. Qualifications and courses delivered are designed to ensure that you reach your professional goals and advance your career. With our experienced faculty, staff, and resources, you can be confident that you will receive the highest quality of training.

SAAA is a Level 2 B-BBEE contributor, with 125% procurement recognition. Training spend on certain solutions can be allocated against the Skills Development element of the B-BBEE Scorecard through accredited and nonaccredited training or claimed through SETA grants. In addition, 25% of your Skills Expenditure can be claimed on non-accredited training or courses.

Course Fees

Invest in your future with our comprehensive course. Our fee is an all-inclusive investment in your future.

The course fee is R 11 963.00 and consists of:

Educational Resources

  • Online Materials: Access a wealth of online resources, from e-books to webinars, enhancing your learning experience.

Learning Support

  • Facilitation: Benefit from expert-led facilitation sessions that offer personalized guidance, addressing individual queries and ensuring a thorough understanding of the subject matter.
  • Formative Assessments: Reinforce your understanding with assessments on different topics.
  • Learner Forum: Engage in meaningful peer-to-peer interactions through our dedicated learner forum. Share insights, ask questions, and collaborate on projects to enhance your learning experience.
  • Continuous Support: Our dedicated team is always on standby to assist with any academic or administrative queries, ensuring a smooth learning process.

Flexibility and Convenience

  • Study Online: Complete your course and take your assessments online, giving you the freedom to learn from anywhere.

Payment Methods

Debit / Credit Card or Instant EFT

You can pay directly on our website for an easy, secure, and instant transaction. During promotional periods, customers can take advantage of additional savings. This is the fastest and most efficient option, saving both time and money.

EFT / Bank Deposit

You can make a payment directly into our bank account using your Online Banking App, Online Banking services, or by visiting your local bank branch.

Your Company / Employer

It may be beneficial for your company to invest in training for its staff members. As there are financial and tax advantages for doing so, please speak with your employer or Training / HR manager about the possibility of paying for this training.

Third Party

If you have someone who is willing to pay for your studies, such as a parent or relative, they can either log in and pay on our website or they can pay via any of the payment options above on your behalf.

Payment Options

Option 1: Once off payment

  • R 11 963.00

Option 2: Monthly Debit Order

  • R 2990.75 (First Payment on Approval)
  • R 2990.75 (Monthly Debit Order for 4 Months (*)

* The total cost for option 2: Monthly Debit Order including the First Payment on Approval will be R 11 963.00.

Payment Terms


  • Minimum payments must be made via direct EFT or credit card before a course starts.
  • Full payment is required before the start date.
  • For debit order plans, the first payment is due on the start date.
  • Access to content will be denied if payment terms are not followed.


  • Written notice is required for cancellations.
  • Cancellation fees vary based on the timing of the cancellation relative to the course start date:
    • No fee if cancelled more than 10 working days prior.
    • 100% fee if cancelled less than 10 working days prior.
  • Non-refundable items include course application fees and accessed modules.

General Terms

  • The application fee, if any, is non-refundable.
  • Continuous access to the content is dependent upon adherence to the payment terms and conditions.

Corporate Training Solutions

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.

Contact Us

Ready to elevate your expertise in financial statement compilation? Enroll now and embark on a transformative learning journey with SA Accounting Academy.

Have any questions or need any assistance? Contact us today!

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