How To Become An Accountant In Namibia

How To Become An Accountant In Namibia

Who is an accountant?

An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations’ certification exams are certified to use titles such as Chartered Accountant, Chartered Certified Accountant or Certified Public Accountant, or Registered Public Accountant. Such professionals are granted certain responsibilities by statute, such as the ability to certify an organization’s financial statements, and may be held liable for professional misconduct. Non-qualified accountants may be employed by a qualified accountant, or may work independently without statutory privileges and obligations.

These are some of the steps to become an accountant in Namibia

  • Obtain a bachelor’s degree.
  • Choose a specialty.
  • Get an internship or entry-level position.
  • Determine whether you will be an accountant or CPA.
  • Pass all required exams.
  • Consider pursuing continuing education.

An Honours degree, Certificate in Theory of Accountancy (CTA), Articles of clerkship, final exams and applying for a Chartered Accountant membership are all part of the journey to being able to write CA (SA) or similar.

Frequently Asked Questions

How much does an accountant get paid in Namibia?

Average salary for Chartered Accountant / Namibia is 690,215 NAD per year. The most typical earning is 610,681 NAD. All data are based on 8 salary surveys.

Where can I study accounting in Namibia?

  • Bachelor. Accounting. University of Namibia. Windhoek, Namibia.
  • Bachelor. Chartered Accountancy. University of Namibia. Windhoek, Namibia.
  • B.Sc. Accounting. Namibia University of Science and Technology. Windhoek, Namibia.

What qualifications do you need to be an accountant in Namibia?

Although you don’t need any A Levels or a degree to become an accountant, a competency in English and Maths is essential, and a good head for numbers is all you need to get started. There are many qualifications covering the basics of accounting which do not require any previous experience or qualifications.

How long does it take to become a chartered accountant in Namibia?

The duration of the programme extends over three years of full-time study. The maximum duration is 5 years. The Faculty has the right to amend the curriculum for academic and professional reasons any time during the period of study.

How many chartered accountants are there in Namibia?

As of 1 April 2019, the Institute has 2,91,698 members out of which 1,92,857 are associates and 98,841 are fellows.

Which subjects are required for an accountant in Namibia?

  • Financial Accounting 3.
  • Taxation.
  • Auditing 1 OR Internal Auditing.
  • Commercial Law.
  • Finance OR Management Accounting 3.

Is accounting difficult in Namibia?

Accounting can be a very challenging major and takes four years of serious commitment to complete. With difficult classes, intense curriculums, and very little free time, many international students find that accounting may not be right for them and decide to leave the field.

Which course is best for accountant in Namibia?

  • Bachelor of Commerce (B.Com) in Accounting and Finance.
  • Masters of Commerce (M.Com) in Accountancy and Finance.
  • Chartered Accountant (CA)
  • Association of Chartered Certified Accountants (ACCA)
  • US Certified Public Accounting (CPA)
  • Diploma in Accounting.

Is accounting a lot of math in Namibia?

Accounting isn’t hard-core math. It’s basic addition, subtraction, multiplication, and division. Possibly some light, entry-level algebra, but that’s it. You don’t have to understand calculus.

Is finance harder than accounting in Namibia?

Accounting is a more difficult subject to master than finance. Accounting is more involved, with strict sets of arithmetic rules governing it. Finance requires an understanding of economics as well as some accounting.

Do accountants need maths in Namibia?

What accountants do need is familiarity and a degree of comfort with working with numbers, especially in the form of percentages, fractions, and decimals. If you aspire to become a certified public accountant (CPA) or attain another accounting certification, then you will need to perform enough math to pass your exams.

What math do accountants use in Namibia?

Most accounting programs will have a good, basic math class to bring you up to speed. A comfort level with whole numbers, fractions, decimals, percentages, ratios, order of operations, exponents and some general algebra is what you will most often need to draw on in accounting work.

What accountants do all day in Namibia?

Accountants spend the majority of the work day analyzing, collecting, compiling, and evaluating financial data. Accountants also prepare a variety of reports and financial statements, from daily cash flow statements for small companies to annual financial reports for large organizations.

How many years does it take to be an accountant in Namibia?

For most accounting jobs, you’ll need a bachelor’s degree, which usually takes four years to complete. Once you’re out of school, you can take on an entry-level position like staff accountant, tax staff, or junior internal auditor.

Are accountants considered smart in Namibia?

It takes smarts to be an accountant and even more to be a great accountant, who works with you as an advisor and thought partner to help your savings and business grow, year after year.