CAREER GUIDE MANUAL - Inseta

27viability of the business to be acquired. When a company faces insolvency,chartered accountants assess the chances of recovery and advise on whetherthe company should be sold as a going concern, placed under judicialmanagement to continue operations, restructured in order to survive orliquidated to pay creditors.5.4.2 Personal requirementsChartered accountants shouldpossess integrity, self-discipline and resolve;be proficient in mathematics and English;be conscientious and diligent;have strong analytical capabilities to compare and interpret facts andfigures quickly and accurately;have sound judgement and good decision-making skills;be able to communicate clearly in speech and writing;be able to work accurately and in detail;be able to work well with other people in a team.5.4.3 Education and trainingChartered accountants have to undergo rigorous training. The minimum studyperiod to qualify as a chartered accountant is seven years. The South AfricanInstitute of Chartered Accountants (SAICA) sets, monitors and maintainsqualification and practice standards for the profession. To enter theprofession, students have to complete a three-year undergraduate course inaccounting, obtain a postgraduate Certificate in the Theory of Accounting(CTA) or an equivalent BCom Honours Degree in Accounting, complete threeyears on a workplace-based learnership or training contract with anaccredited provider and pass Parts 1 and 2 of the Qualifying Examinations.a) Entry requirementsThe entry requirements for undergraduate programmes in accountingare set by each of the different universities. As a rule, aspirantstudents require a Senior Certificate with matriculation exemption andEnglish and mathematics, preferably at the higher grade. Accountingat Grade 12 level is recommended.