Sipho Mlagisi
About Candidate
Location
Education
INTRODUCTION TO FINANCIAL ACCOUNTING N4 Forms of ownership Opening of a commercial enterprise Subsidiary Journals - Cash Receipts Journal - Cash Payments Journal - Analysis Cash Book - Petty Cash Journal - Wages and Salaries Journal Posting to the Ledger Trial Balance Bank Reconciliation Year End Procedure Trading Account, Profit and Loss Account Income Statement, Balance Sheet FINANCIAL ACCOUNTING N4 Cash Receipts Journal Cash Payments Journal Analysis Cash Book Debtors Journal Creditor Journal Allowances Journals Wages and Salaries Journal Asset Disposal Year End Procedure - Adjustments - Provisions - Trading Account - Profit and Loss Cash Flow Statements Control Accounts - Correction of Errors - Recon of Creditors Account and Statements Non – Profit Enterprises Funds Memberships Fees Income and Expenditure Statement Balance Sheet Financial Statement Income Statement Balance Sheet Cash Flow Statements Bank Reconciliation Department Accounts FINANCIAL ACCOUNTING N5 Partnerships - The Accounting Records of a Partnership - Final Accounts - Financial Statement Stock Valuations, Insurance Claims & Profit Mark-Up - Methods of Stock Valuation - Profit Mark-Up - Insurance Claims Branch Accounts - Branch Records Kept by Head Office or Branch Incomplete Records - Calculation of Net Profit through Owner’s Equity - Conversion of Incomplete Records into a Double Entry System - Correction Errors Analysis and Interpretation of Financial Statements - Capital Structure Ratios, Profitability Ratios - Liquidity Ratios, Analysis of Stock, Stock Turnover - Number of Days Sales on Hand - Analysis of Debtors, Analysis of Creditors COST AND MANAGEMENT ACCOUNTING N5 Introduction to Various Cost Elements Difference between Management Accounting and Financial Accounting Management Functions Organisation Chart Cost Elements, Stock Structures, Valuation Stock Methods – FIFO & LIFO, Weighted Average Calculate Order Point, Economic Order Quantity Human Factors that Influence Productivity, Labour Turnover, Cost Direct/Indirect Labour, Remuneration Time, Piece Rate, Overtime and Fringe Benefits Staff Records, Clock Cards/Job Cards, Pay Roll and the Necessary Accounting Entries Manufacturing Overheads – Classification, Budgeting, Applying Overheads Calculating Recovery Rate for Overheads Income Statement and Balance Sheet in a Manufacturing Environment Drawing Up of a Production Cost Statement FINANCIAL ACCOUNTING N6 Companies - Share Issued Procedures - Income Statement and Balance Sheet - Statuary Format - Close Corporations - Procedures to Register a C.C. - Financial Statements - Members Net Investment Statement - Cash Flow Statement - Cash Flow Statement for a Company - Cash Flow Statement for a C.C. Hire Purchase Transactions - Recording of HP Transactions in Books of the Buyer and the Seller - Repossession in Case of Non-Payment - Hire Purchase Trading Statement Internal Auditing - Auditing Procedures, Aims of Internal Auditing - Differences between Internal and External Auditing COST AND MANAGEMENT ACCOUNTING N6 Job Costing - Handling of Material, Labour, Overheads, Finished Goods - Job Costing Statements Contract Costing - Direct and Indirect Contract Costs - General Costs - Certified and Uncertified Work - Retention Money - Completed Contract Method - Percentage of Completion Method Standard Costing - Variation from Standard Costs Cost Control - Direct Cost Accounting - Absorption Cost Accounting - Analysis Budgets - Types of Budgets, Variable Budget - Cash Budget, Capital Budget - Master Budget COMPUTERISED FINANCIAL SYSTEMS N4 The use of computer system Basic Commands Mastering the Keyboard Mastering Word Computerised Accounting a Microcomputer Opening an Accounting System (Service Enterprise) - Opening Parameters - Opening Balances - Cash Receipts - Cash Payments - Petty Cash - Services on Credit Bank Reconciliation Posting to the Ledger Trial Balance Application of Value Added Tax Adjustments – Monthly and Annually Financial Statement Opening an Accounting System (Trading Enterprise) - Opening Parameters Including Stock - Opening Balances - Cash Receipts Including Discount - Cash Payments Including Discount - Credit Sales and Credit Returns - Credit Purchases and Purchases Returns, General Journal - Posting to the Ledger and the Trial Balance COMPUTERISED FINANCIAL SYSTEMS N5 Creation and Opening of Wages/Salaries System using a Computerised Accounting Package Input of Employees Earnings, Fringe benefits, Deductions and Changes in Employees or System Status Production and Interpretation of Payslips and Wages/Salary Statements Purpose and use of a Spreadsheet Basic Applications of Spreadsheet Commands and Formulae Bookkeeping to Trial Balance for a Trading Concern Bank Reconciliation Completion of VAT Return Adjusting and Closing Entries Monthly Statements and Reports Stock Reports, Gross Profit Reports, Cash Flow Statements, Income Statements, Balance Sheets Production Cost Report - Income Statement of a Manufacturer COMPUTERISED FINANCIAL SYSTEMS N6 Financial Statements on an Accounting Package Analysis and Interpretation of Financial Statements To Calculate and Interpret: - Gross and Net Profit Percentage Rate of Profitability on Total Capital Invested - Liquidity Ratios, Stock Turnover Rate - Average Collection period of Debtors - Debtors Turnover Rate - Average period of Pavements by Debtors Prepare Financial Statements to present to Management Advanced Spreadsheet INTRODUCTION TO COMPUTER PRACTICE N4 Word Processing (MS WORD) - Elementary Word Processing Functions - Cursor Movement Keys - Text Editing (Intermediate) - Formatting Functions (Intermediate) - Columns COMPUTER PRACTICE N4 Word Processing (MS WORD) - Elementary Word Processing Functions - Cursor Movement Keys - Text Editing (Intermediate) - Formatting Functions (Intermediate) - Columns Spreadsheets (MS EXCEL) - Creating - Intermediate Spreadsheet Functions Theory - Hardware - Software - Diskettes - Files - Internal Commands (Basic) - External Commands (Basic) - Error Messages COMPUTER PRACTICE N5 Word Processing (MS WORD) - Advanced Formatting of Documents - Footnotes, Endnotes, Headers and Footers - Working with Blocks - Inserting Dates - Organising Files and Directories - Importing Spreadsheets - Merging, Changing Default Settings Theory - Advanced Internal and External Commands - DOS Device Names - Redirect, Piping and Filter Commands - Hard Drives and Tree Structures - Error Messages Spreadsheets (MS EXCEL) - Use of Dates Function - Combining Spreadsheets - Changing Alignment Character - Headers and Footers - Hiding Columns - Macros - Graphs Database (MS ACCESS) - Creating a Database, Editing a Database - Sorting, Extracting Data using Search Criteria - Creating and Printing Reports - Calculations in a Database
Work & Experience
BOOKKEEPING TO TRIAL BALANCE FOUNDATION - Cash Books, Cash Flow Analysis and Banking Issues - Credit Sales, Credit Purchases and Petty Cash - General Ledger, General Journal and Trial Balances - Interim Financial Reports - Debtors and Creditors Ledgers - Vat Reconciliation and Return ACCOUNTING TO TRIAL BALANCE - Cash Budgeting - Debtor and Creditor Management, Adjustments and Control Ratios - The National Credit Act - VAT Returns and VAT Reconciliation - Inventories - Fixed Assets - The Financial Year – End FINANCIAL REPORTING - The Income Statement and Balance Sheet - Profitability Ratios - Financial Manipulation - Introduction to Business Taxation - Cash Flow Statement - Equity Statement - Notes and ancillary components to the Financial Statements - Financial Ratios PASTEL COMPUTERIZED ACCOUNTING - The accounting and computer systems using Windows - The General Ledger and Chart of Accounts - Entering data onto Pastel Accounting Version 10 - Processing of daily accounting tasks i.e. Cash Receipts and Payments, Sales, Purchases - Petty Cash and Extraordinary Transactions - Producing Activity reports – Trial Balances, Debtors and Creditors including ageing - Financial Statements and end of period routines - Files creation and maintenance PAYROLL ADMINISTRATION - Legislation - Employee classification and records - Medical Aid Capping Schedules - Salary and Wage calculations and remuneration - PAYE - Calculation of Skill and Development and UIF levies - Review of Computerized Payroll Systems available
Dirmiek Consulting provides a comprehensive range of services for organisations ranging from Small businesses to Large Organisations. Dirmiek Consulting invites Sipho Mlagisi to pursue Dirmiek Consulting’s services listed below. ACCOUNTING - Bookkeeping for small businesses, close corporations, trusts, sole proprietors and partnerships - Preparation of Accounting Records through to Trial Balance and Financial Statements - Processing Financial Transactions, Bank Reconciliations and Management Accounts - Preparation of Budgets, Cash Flow Reports and Management Reports - Consultation regarding Information System and Accounting Control - Balance Sheet Analysis and Restructuring - Month End and Year End Reports TAXATION - Corporate Tax Assessments - VAT and PAYE Calculations and other Statutory Returns - Preparation of Tax Returns and Submission SARS - Specialised Tax Planning and Returns (For Example: Trusts) - International Tax Planning and Structuring BUSINESS ADMINISTRATION - Business Transactions, Mergers, Acquisitions, MBOs and Exit Planning - Business Valuations, Acquisitions and Disposal - Evaluation of Purchases/Sales Options - Partnership Agreements, Profit Share and Joint Ventures - Profit Extraction and Dividend Policies - Registration of CC’s, (PTY) LTD, Trusts, NGO’s etc - International Transfer Pricing Policies and Financing Options - Cross Border Mergers and Acquisitions PAYROLL - Preparation and Provision of IRP5 Documentation - Electronic Filing of IRP5 Documentation - Salary Administration - Remuneration Restructuring and Advisory Services - Applying for Dispensation - General Employment Law Advice - Pension’s Advice and Implementation of Pension Schemes - Share Options and Incentive Schemes - Liaison with SARS, UIF and WCA - PAYE, UIF and SDL Registration and Calculations - Printing of Payslips AUDITING Dirmeik Consulting is able to assist clients with Internal and External Auditing and Forensic Reporting. ADVISORY Although administrative tasks are a vital proponent of the accounting service we offer, in order for us to provide clients with access to growth and development opportunities however, Dirmeik Consulting provides professional advisory services to clients from more rudimentary to highly specialised requirements. - Examples of these would include: - Corporate Restructuring - Mergers and Acquisitions - Transaction Support - Forensic Services - Internal Audit Governance, Risk and Control Service - Remuneration Structures and Employee Benefits - Wills, Trusts and Estates - Business Legal Structuring
Portfolio
