CAREER GUIDE MANUAL - Inseta

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28b) Undergraduate and postgraduate programmesStudents have to complete a recognised undergraduate accountingdegree to gain entry into an accredited CTA programme. Thefollowing are recognised undergraduate and accreditedpostgraduate CTA qualifications offered by South African Universities.SAICA-RECOGNISEDUNDERGRADUATEQUALIFICATIONBCom (Chartered Accountancy)SAICA-ACCREDITEDPOSTGRADUATEQUALIFICATIONBCom Hons (CharteredAccountancy)INSTITUTIONNorth-West UniversityBCom (Acc) BCom (Acc) Hons University of JohannesburgBCom (Acc)BAccBCom AccountingBBus SciPostgraduate Diploma inAccountancy (PGDA)Postgraduate Diploma inAccounting (PGDA)Rhodes UniversityUniversity of Cape TownBCom (Acc) BCom Hons (Acc) University of KwaZulu-NatalBCom (Acc)BCom Hons (Acc)Nelson Mandela MetropolitanUniversityBCom BCom Hons University of PretoriaBComptBAccBAccBCom (Accounting)BCom (Management Accounting)BCom (Acc)BAccBCom (Acc)BComptSource: www.saica.co.zaHons BComptBAcc HonsPostgraduate Diploma inAccounting (PGDA)BAcc HonsBCom Hons (Accounting)BCom Hons (Acc) PostgraduateDiploma in Accounting (PGDA)BCom Hons (Acc)HDipAccUniversity of South Africa(UNISA)Stellenbosch UniversityUniversity of the Free StateUniversity of the Western CapeUniversity of the WitwatersrandUniversity of Fort HareUniversity of Limpopoc) Professional qualificationsThe CTA or Honours degree in Accounting is a prerequisite forcandidates who intend to write the qualifying examinations forchartered accountants. Before entering into a three-year trainingcontract, students choose whether to specialise in auditing or financial
29Part 1 of the Professional Examination assessesmanagement.candidates' aptitude for and knowledge of management accounting,financial accounting, auditing, business information systems, taxationand estates while Part 2 tests either auditing or financial managementskills. SAICA confers the designation of Chartered Accountant(CA(SA)) to persons who successfully pass the qualifyingexaminations. Continuous registration with SAICA is a prerequisitefor retention of the designation.5.4.4 Professional registrationChartered accountants who enter public practice are required to register withthe Independent Registration Board for Auditors (IRBA), the statutory regulatorfor the public audit function.5.4.5 EmploymentAs highly trained professionals, chartered accountants are in great demand.Employment opportunities in the labour market usually exceed the supply ofchartered accountants, and chartered accountants consequently enjoyexcellent employment prospects. Although chartered accountants are widelyemployed in the insurance industry, many work in specialised auditing,accounting and financial services firms that offer consultancy services, whileothers are self-employed or work in senior and top management positionsacross all economic sectors.4.6 UNDERWRITER 76.4.1 Nature of workAn insurance underwriter identifies and calculates the risk of loss underinsurance policies and enables an insurance company to charge anappropriate premium to cover those risks. Since insurance companies are inbusiness to make profits, underwriters use their analytical, statistical, technicaland insurance industry knowledge to assess the likelihood of claims beingmade by policyholders and prospective clients. Once the risks aredetermined, underwriters help insurance companies to set appropriatepremium rates, write policies that cover the risks or exclude parts of the risks7The information relating to the career of an underwriter was sourced from www.bls.gov; www.kiwicareers.gov.nz;www.prospects.ac.uk; www.collegegrad.com.
Page 1: CAREER GUIDEMANUAL
Page 5 and 6: C O N T E N T S1 ABOUT THE INSURANC
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Page 11 and 12: 5What am I interested in?What activ
Page 14 and 15: 38CAREERS IN INSURANCEThe insurance
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Page 21: 15natural disasters, fire and theft
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Page 48 and 49: 42Software engineering or computer
Page 50: 44encourage software developers to
Page 54 and 55: 485.3 WHAT IS EXPECTED OF AN EMPLOY
Page 56 and 57: 50Long Term Claims AssessorNational
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CAREER GUIDE MANUAL - Inseta

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