| DESCRIPTION: |
| Typical job titles associated with a Chartered Bookkeeper include Bookkeeper, Assistant Accountant. Bookkeeping is the process of a company keeping track of money coming into and out of a business. It is a discipline that ensures that transactional records are correct, up to date and comprehensive and that the financial records provide accurate information from which accounts can be prepared. A bookkeeper is responsible for recording the day-to-day financial transactions of a company. They employ double entry accounting to ensure that debits and credits match up ('making the books balance'). Bookkeepers keep track of transactions such as expenditure receipts, bills and sales invoices; this information is entered onto ledgers, commonly in dedicated accounting systems or spreadsheets. They also produce financial statements (profit and loss, balance sheets and cashflow) and other management reports. |
| AWARDING CRITERIA |
| For the Professional Designation to be awarded, professionals must comply with the following minimum requirements: |
| Underlying Registered Qualification or Part Qualification: |
The underlying qualifications for the Chartered Bookkeeper designation is a Further Education and
Training Certificate or National Senior Certificate (or equivalent) NQF level 4 will be accepted as minimum entry requirements. |
| Experiential Learning or Experience |
| A candidate does not need to be employed as a bookkeeper but should be able to demonstrate the required competencies within the two roles of the bookkeeper, namely, capturing and reporting. |
| Competency Assessment |
Assessments are conducted in two parts. SAIBA evaluators verify the information presented by the candidate
and an external assessor is appointed to perform a verbal assessment if the experience was gained outside of a SAIBA Approved Training Centre (ATC).
SAIBA may decide to use any of the following optional assessment methods:
written exam marked by an examiner,
verbal assessment performed by an assessor,
essay reviewed by an assessor,
portfolio of evidence reviewed by an assessor,
time sheets reviewed by an assessor |
| Designation RPL Statement |
| This Designation may be awarded through Recognition of Prior Learning. |
| RETAINING CRITERIA |
| In order to ensure the currency of professional knowledge and to retain the Professional Designation, the professional must comply with the following minimum requirements: |
| Code of Conduct |
| Members must adhere to the Professional Body Codes of Conduct and Ethics. |
| Continuing Professional Development (CPD) |
A Chartered Bookkeeper / Chartered BK / CBK needs to log 10 hours continuing professional development
(CPD) per annum. At least 60% of the 10 hours must be verifiable. |
| Fees |
| Ensure that the annual membership fee is paid. |
