Home Community Financial Manager the one thing holding you back: Professional Certification

Financial Manager the one thing holding you back: Professional Certification


by By Nicolaas van Wyk, CEO of SA Institute of Business Accountants

Chantelle has an honours degree in accounting and always had dreams of one day becoming a Chief Financial Officer (CFO). Her initial route to CFO was to complete Part 1 and Part 2 of the CA exam. But things didn’t quite pan out that way. 

Four years ago she joined a mid-sized corporation in the accounts department, and worked her way from debtors clerk to manager, having improved the debtors collection period by 25%. She’s a hero in the accounts department, but the recognition and accolades never went any further than that.
Chantelle’s career hit a glass ceiling. And that glass ceiling is her lack of professional recognition. The pressures of work and raising a family meant she never got the opportunity to complete the CA exams.
She may be a hero in the accounts department, but she feels she is routinely passed up for promotion. Her CA colleagues have sailed right past her. Chantelle has in-depth knowledge of the company and its financials, yet she is not part of the executive finance committee. She feels she could make valuable contributions to the strategic direction of the company, but she has been by-passed by CAs with less practical experience. 
Chantelle is in the same position of thousands of other talented accountants around the country whose careers have stalled because they do not have a recognised professional designation.
The South African Institute of Business Accountants (SAIBA) recognised this problem  and introduced a graduated scale of professional designations that validate the academic and work-related experience of accountants in the corporate world.

 When Chantelle found out about this, she applied for – and obtained – the Certified Business Accountant (SA), or CBA(SA) designation. Her employer recognised her new designation and all that came with it – being part of a network of accounting professionals at the leading edge of professional skills development, and her CBA(SA) designation is her gateway to international recognition. Suddenly, her career took off and with that, a 35% increase in remuneration in just two years. She is now on her way to the prestigious, internationally recognised designation for CFOs, the Certified Financial Officer (SA), or CFO(SA).

Reach for Your CFO Dream

Are you a financial manager or do you hold a management role within your company’s accounting department?

Do you face challenges in many different areas, including technical skills, as well as soft skills like communication and leadership in your interactions with clients, or within your own department?

SAIBA’s CBA (SA) designation is officially registered with the South African Qualifications Authority at NQF level 8 and will give you the tools and knowledge you need to face your challenges head on.

Obtaining a CBA (SA) with SAIBA will open up a world of professional opportunities that extend beyond the average accounting job.

The CBA(SA) designation is a vital milestone on your pathway to the CFO(SA) status.If you are an accounting manager whose career has stalled, the CBA(SA) designation is what you need to get it moving again. You will enjoy international recognition, access to SAIBA’s Continuous Professional Development (CPD) programme, and a network of like-minded professionals all embarked on a career journey similar to your own.

Mentoring and Career Guidance

Research by the SA Institute of Business Accountants shows that accounting managers’ careers often dead-end because they not only lack a professional designation, but they receive no career guidance or mentoring.

This is where the CBA (SA) designation will re-ignite your career. You gain status as a finance executive which takes you a step closer to becoming a CFO (SA).

You will also be way ahead of the pack when it comes to technological developments as they affect the accounting profession – this is an area in which SAIBA has taken a leading role in the profession.Part of the reason your career may seem stalled is that you are simply out of the loop when it comes to the latest developments. We plan to change that and set your career on an entirely new trajectory.

Requirements for the CBA (SA) Certification

Ok, so you’re beginning to realise that your lack of a professional designation has hampered your career growth, and one way to remove this boulder from the road is to apply for the CBA (SA) designation with SAIBA.

So what are the requirements?

You will need to have obtained a Commerce degree at honours level or higher, e.g. Honours in Accounting / CTA from an accredited institute of higher learning. In addition to this you must have four years accounting-related experience and finally you will be required to complete an examination by experience. This consists of self-assessment, an employer verification and an experience evaluation by a committee.

You will be held to SAIBA’s exacting ethical and technical standards – standards that are put there to protect you and your professional colleagues.

Like you, we are sick of hearing about accounting scandals and corruption. We have a zero tolerance approach to this and will act quickly to discipline or withdraw membership from those who violate our standards.We pride ourselves on our strict adherence to the very highest ethical and professional standards. And you will find your career will benefit too by signing up for a CBA (SA) designation.

Grooming you for Leadership

The CBA (SA) professional designation is your pathway to an accelerated career in accounting. We are grooming you for a leadership role. Your next step after the CBA (SA) is the CFO (SA) designation.

How exactly do we groom you for leadership?

The first and most immediate benefit is membership of a professional body with international recognition through its association with International Association of Financial Executives Institutes (IAFEI). Founded in 1969, IAFEI currently has 22 Member Institutes in the Americas, Asia, Europe, the Middle East and Africa, with a total membership of over 20,000 financial executives.

As a CBA (SA) you get to share in a wide range of benefits. You gain status as an accounting or financial manager which takes you a step closer to becoming a CFO (SA). You’ll improve your knowledge with personal and professional development seminars and webinars. You get a chance to network at SAIBA’s events and will receive exclusive invitations to the CFO Talks events. And you’ll be the first to receive updates on legislative changes, and will be kept up-to-speed on how technology is reshaping the accounting and finance profession.You will, in short, become a thought leader in your chosen profession.

The little known advantage of the CBA (SA) professional designation

There’s another crucial benefit to becoming a Certified Business Accountant, or CBA (SA). Based on your honours degree and experience you should get the same status as a CA. 

Don’t settle for a general accountant status at NQF level 7. You are the 8 ball and deserve NQF level 8. 

You may have had dreams of becoming a CA, but life happens. We are here to give you what you deserve. 

The CBA (SA) is a superior designation to general accountant in terms of its NQF points ranking, and does not carry the stigma of a “failed CA”.

The CBA (SA) designation is for professional accountants mapping an upward trajectory in their careers, and on their way to becoming a CFO (SA), which is the highest ranking accounting designation on the NQF, level 9. 

We at the SA Institute of Business Accountants (SAIBA) understand the professional needs of accountants. We see our members as part of an entrepreneurial class of accountants who belong in the boardroom, as key members of the executive team. Our members do not belong in the backroom, or in some dingy accounts office. They are decision-makers who must shape the future direction of the businesses in which they operate.

You may feel that all your years of work as an accounting manager have gone unrecognised. 

That’s about to change.

To find out more, contact us here