Kirsten Ronaasen kicks F7’s butt!

ACCA_StudentProfiles_KRonaasen.blogWell done to Kirsten who achieved a top score in the recent exams. What drives Kirsten? Read below to find out what motivates Kirsten:

What do you believe being an ACCA member will do for your career?

ACCA is a globally recognised and respected qualification and I believe that along with assuring future employers of our abilities, it will open doors to many opportunities, whether in SA or abroad.

How do you find the time to study effectively while working full time?

I find it challenging to leave work at work. It is something I constantly have to improve on so that I can focus on my studies and my family, whose time is also sacrificed to reach my goals.

I try to manage my time as effectively as possible, giving my utmost to every task. Sometimes I simply run out of “day” and have to prioritise on what is really important.

How do you stay motivated?

As I still have many exams to go, perhaps I should answer that at the end!

Although I keep the end target in sight, I focus on each exam as its own goal and each one passed as its own success. Celebrate the successes and don’t get bogged down by the failures.

Words of encouragement:  

A quote from Dr. Seuss:

“You have brains in your head. You have feet in your shoes.

You can steer yourself in any direction you choose.

You’re on your own. And you know what you know.

And YOU are the one who’ll decide where to go.”

Xolile Khumalo rocks P7 in the March 2017 exams

ACCA_StudentProfiles.XolileKhumalo2Well done to Xolile on his achievement for the March 2017 exam. We are proud of Xolile’s exam result.

We sat down with Xolile to gain further insight into his secrets of success:

What do you believe being an ACCA member will do for your career?

I believe membership to ACCA will give me access to a reputable professional body and access to credible material for CPD to keep my knowledge up to date in the competitive world of finance.

How do you find the time to study effectively while working full time (if applicable)

I prefer waking up early in the morning and putting in 1 to 1.5 hours of study before going to work, because it’s much tougher to study in the evenings after work.

How do you stay motivated?

I don’t believe in motivation as such, my philosophy is if you want something you get up and do it. Currently I stay motivated knowing that I have the opportunity to make it to membership in 2017.

What words of encouragement do you have for other students?

I would say focus more on questions and augment the areas where you lack theoretical knowledge by going back to your study text. Questions give you a platform to test your knowledge levels and to time yourself as well.

Who is Hanyana Eric Mkhawane?

Mkhawane is Cmkhawane-photo-imagehief Executive Officer of the Tax Ombudsman and carries over 2 years of experience in the post. A Law Graduate from the University of Witwatersrand, Mkhawane has explicit experience in the handling of tax, tax auditing and tax disputes.

Mkhawane will be presenting at the ACCA hosted “a guide for Business Success for Entrepreneurs” event. Mkhawane participation in the event will focus on the understanding of tax and the benefits this will hold for your business.

RSVP your space at the event by e-mailing eventsza@accaglobal.com. The event will be hosted on Wednesday 19th October 2016 at the Radisson Blu, JSE Room 2.

Click here to view the event programme.

ACCA and GCRA Partner to Education 250 Learners

ACCA joins hands with the Gauteng City Regional Academy in the bid to challenge some pertinent issues that face the SA environment. The partnership seeks to make the best use of the online learning tool that has been developed by ACCA, commonly known as ACCA-X, for the transformation of the lives of youth that have matriculated but find themselves excluded from further education and training or employment for various reasons.

250 learners from the 5 corridors of Gauteng will be taken through the programme for a year commencing in April. The ACCA-X programme is the ideal starting point for future business leaders, accountants and entrepreneurs. It consists of four online learning modules designed to develop knowledge and skills, at foundation level, in financial and management accounting.

Upon completion of the four modules (Introductory and Intermediate Certificates in Financial and Management Accounting), learners will be equipped to perform a range of accounting administration roles within an accounting department of a larger organization or financial shared service center.

This programme comes just in time to deal with the shortage of accountants in the country and also to support the promotion of entrepreneurship in youth.  Details of the launch date are as follows:

Date: 31 March

Venue: University of Johannesburg (Auditorium room number to be confirmed)

Time: 9am -12pm

Event details: 100 of the 250 learners and their parents will be present, as well as the Gauteng MEC for Education and the ACCA Sub Saharan Markets director, Mr Jamil Ampomah.

Reflecting on SDG’s in Relation to the WEF Resolutions

 

ACCA Blog WEF

World Economic Forum (WEF’s) theme for the year of “Mastering the 4th Industrial Revolution” presented some of the challenges that developing countries face, although opportunities of creating new markets, re-engineering on the existing business strategies seemed to be the focus. A shift in mind set and capacity building to support national plans stemmed up as an engine for building towards a positive socio – economic activity in the near future. The core of the conversations aligned directly and indirectly to the Paris agreement and the Sustainable Development Goals (SDG’s) of supporting responsible business practises, narrowing the gap between the developed and developing countries and “making the world a better place”.

Progress Review

As an emerging market, South Africa (SA) is currently not yielding the expected growth prospects. Progress has been uneven in whether it is in ensuring access to internet connection or in being innovative in the prevention of illnesses instead of treating diseases. Limitations to internet connectivity impede transfer of knowledge, business expansion and creation of small businesses – while the latter tends to decrease the rate of production and adversely having a ripple effect in the economic activity of the country. Entrepreneurship has been cited as the driver of change for the African economies. However, gender imparity, quality education, access to finance, data sharing, sound governance structures, bridging human capital and infrastructure gaps are the keys to unlocking the full realisation of a transformative, inclusive and sustainable economic growth path. SA has taken great strides in addressing gender equality and women empowerment in both corporate and public enterprises, but there is still some rhetoric that needs to be transformed into action. Authentic support thereof for entrepreneurship through industrialisation still needs to be re-invented.

With climate change revolutionising the way business is done, SA and Africa at large have an opportunity to turn the renewables market into a massive growth area. According to the World Bank “one investor characterized the renewable programme as the most successful public-private partnership in Africa in the last 20 years. Important lessons can be learned for both South Africa and other emerging markets contemplating investments in renewables and other critical infrastructure investments”. The role of regional infrastructure development is critical in building a continuing socio and economic development.

Like many of the developing countries SA has the world’s youngest population to train and develop in building agile and robust sustainable business and government strategies in the future.  With climate change threatening food security and exacerbating slow economic growth. The emergence of new technology, as in biotechnology can be further developed in building a resilient and sustainable agriculture. Each country has to consider the ethical issues that this new wave of technology also brings forth as it develops its policies and regulations.

Whilst the prime responsibility to deliver rests with the government, according to PwC 87% of SA businesses are aware and understand that company responsibility lies beyond profit and that its performance is interlinked to the triple bottom line. The accountancy profession has a critical role to play in supporting the building blocks of a