This article was prepared with the technical assistance of Nicolaas van Wyk, CEO of the SA Institute of Business Accountants (Saiba).
It is a provable fact that accountants with a professional designation earn more than those without. That’s because employers are willing to pay more for accountants with a professional designation as it demonstrates commitment to professional standards and ethics, and an ongoing quest to improve their knowledge.
The problem with most professional bodies is that you have to slog through years of study and apprenticeship until you are given a designation. At that point, accountants are so worn out from the years of grind and study that they tend to go into idle mode, and can quickly fall behind in what is one of the fastest developing professions in the world.
At the SA Institute of Business Accountants (Saiba), we have found a better way. Saiba is your pathway to earning a professional designation, first by becoming an associate member, even if you are an accounting student at the beginning stages of your career.
We believe you should obtain a professional designation while you are advancing your knowledge of the subject.
Even if you are a student at the beginning stages of your career, you can become an associate member of SAIBA and quickly work your way to obtaining a Business Accountant, or BA (SA) designation.
If you are already trained as an accountant or you are a finance graduate with two years’ work experience, you may immediately qualify for the BA (SA) designation.
Why is a professional designation important?
- Legislation, regulations and accounting standards are always changing. We have the technical team to keep you abreast of the important changes and guide you through what can seem like a regulatory minefield. You don’t have the time to wade through all of the changes – we do, and we sift through these for the important nuggets.
- It is a demonstrated fact that networking advances your career and your business. If you are an accountant in practice, you need to network with others in business or in the profession. This is a proven way to open doors to career and business advancement.
- SAIBA represents your interest at an industry and national level. We fight for your interests, just as we did to ensure that accounting officers are allowed to conduct independent reviews for schools, farms, churches and other bodies.
- We help you keep your professional skills polished through our Continuous Professional Development (CPD) programmes. Every month we have a legislative update, as well as insight into one of more than a dozen different professional licenses that empower you to expand your income opportunities. We offer licenses such as Immigration Specialist, Business Rescue Practitioner,
- We offer a weekly newsletter and a library of technical resources to keep you at the top of your game.
- Perhaps most importantly, by joining SAIBA you commit to our code of ethics and standards of behaviour, providing comfort to your professional associates and clients.
Your pathway to a professional designation
SAIBA is your pathway to earning a professional designation, first by becoming an associate member, even if you are an accounting student at the beginning stages of your career.
If you have a commerce-focused degree or diploma, or Recognition of Prior Learning (RPL) along with two years of accounting experience, you are a short step away from SAIBA’s BAP (SA) or Business Accountant in Practice designation.
Even if you do not have a commerce degree, but can prove that you have at least two years relevant accounting experience, you may qualify for the BAP (SA) designation.
As a BAP (SA) you get to share in a wide range of benefits. You’ll immediately be plugged in to a network of learning and experience that will guide you on your path as an accountant.
Pay R360 membership fee (once off for all designation holders) to activate your membership profile. Apply for a designation within your profile and submit all the relevant documents required to assess your application. One of our consultants will be in contact with you upon receipt of your application to assist where needed.
What are the designations available through SAIBA?
SAIBA will guide you through your professional career advancement, starting with a BA (SA) designation and then work you steadily upwards to
- CFO (SA) or Certified Financial Officer – for those with a Masters level degree in Financial Management, Business Administration or Accounting (or recognised prior learning in unrelated fields)
- CBA (SA) or Certified Business Accountant – for those with Honours in Accounting / CTA from an accredited institute of higher learning with four years accounting-related experience
- BAP (SA) or Business Accountant in Practice – for those with a commerce-based degree or national diploma covering Accounting III, Auditing II, Tax II, Management Accounting II, Corporate Law II and four years relevant experience
- BA (SA) or Business Accountant – for those with a commerce-focused degree or diploma, or Recognition of Prior Learning (RPL) along with two years of accounting experience.
Finance graduates: enhance your professional credibility with a professional designation
With one of the SAIBA designations, you’ll improve your knowledge with personal and professional development seminars and webinars. SAIBA’s events will give you a chance to network and get to know the ins and outs of the industry. You’ll be the first to receive updates on legislative changes which helps you to get ahead of the game.
You can enhance your professional credibility by adding BAP (SA) after your name, with the right to add the SAIBA logo to your stationary.
We have found a better and faster way to accelerate your career. We believe in lifelong learning, for the simple reason that the accounting and finance professions are moving at such a rapid pace. Our members receive their professional designation as their career progresses, rather than after the many years of toil. With the Business Accountant designation, or BAP (SA), you are certified as a finance or accounting professional that meets our exacting international standards.
Our research shows that those with a professional designation earn more than those without one.
Obtain a professional license to practice in one or more of 15 distinct fields
Ok, so you’ve decided to apply for a professional designation through SAIBA.
At SAIBA, we have spent many years studying the direction the profession is moving and it is quite clear there is more and more demand for specialised services. Based on our research, we started to develop specialised licenses to train professional accountants that allows you to earn an income in one or more of 15 distinct fields.
Apart from the opportunity to network with our 7,000-strong member base, you have the opportunity to become licensed – through our highly targeted and relatively short training courses – to practice as an immigration specialist, wealth manager, independent reviewer, tax technician or several other of the Saiba-only licensed specialisations that can vastly improve your income earning potential.
SAIBA is the only professional body offering specialised licenses to broaden you income-earning opportunities. There are several such licenses, including immigration specialist, accountant to religious institutions, independent reviewer or foreign investments accountant.
The future of accounting is here
This is the future of accounting. Earn your designation as your progress along your career path, not at the end.
Contact SAIBA here.