Department of Financial Accounting

The College of Accounting Sciences (CAS) was formed due to the high need and demand for qualified professionals in any business (small or large) environment. The importance of the role of professional accountants in business in ensuring the quality of financial reporting cannot be overly emphasized.

The purpose of financial accounting is to provide the information that is needed for sound economic decision-making. The main purpose of financial accounting is to prepare financial reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities.

Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report (Statement of profit or loss and other comprehensive income) or financial statement (Statement of Financial Position).

The Department of Financial Accounting supports the University of South Africa in the execution of its community based tasks of tuition, research and community service.

Contact us

Tel: 012 429 4211

Last modified: 2018/07/20