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Gain valuable recognition as an accounting professional with this unique designation that will help distinguish you as someone who demonstrates professionalism, ethical conduct and lifelong learning.
A finance or financial administrator provides financial and administrative support to colleagues, clients and stakeholders of a business. They help to manage the finances of an organisation by monitoring its income and spending. They will oversee accounting and processing tasks across income and expenditure (including payment runs), as well as reviewing bank and balance sheet reconciliations. They are also responsible for the maintenance of financial records, ensuring financial data accuracy, the entry of all transactions on the accounting software and often the administration of the payroll. The roles in the finance department can be split between Functional, Administrative, Operational, Management and Strategic levels. The Chartered Financial Administrator (CFAdmin) designation is the one designation for all operational finance roles, and will allow you to progress towards the CFM and CCFO designations helping you move up the finance department hierarchy:
LEVEL >> | ROLE >> | << DESIGNATION | APPLY NOW |
---|---|---|---|
Strategic | Chief financial officer | Chartered Chief Financial Officer (CCFO) | Click here |
Management | Financial manager | Chartered Financial Manager (CFM) | Click here |
Operational | Financial accountant | Chartered Business Accountant - Commerce (CBAC) | Click here |
Administrative | Financial Administrator | Chartered Financial Administrator (CFAdmin) | Click here |
Functional | Bookkeeper | Chartered Bookkeeper (CBK) | Click here |
Practice | Accountant in Practice | Chartered Business Accountant - Practice (CBAP) | Click here |
Our designations have been carefully researched and aligned to industry norms and regulations. Each designation is based on a set of competencies that reflect the expertise required for each level within the finance department.
There are a variety of job descriptions associated with the CFAdmin designation. This short summary explains more about what is expected of a CFAdmin within the finance department.
CFAdmin is an official CIBA designation and it currently not recognized in terms of the National Qualifications Framework Act, 67 of 2008. The entry criteria for the designation as published:
A completed qualification e.g., Matric Certificate, National Diploma or Degree (commerce or non-commerce) obtained from an institute of higher learning registered with the South African Department of Education, or:
The Chartered designation is a mark of excellence in the accounting and finance profession. It demonstrates to employers, clients, and peers that the holder is committed to best practices, ethical conduct, and lifelong learning and maintains high professional standards. As the profession evolves, accountants must go beyond technical expertise to demonstrate ethical leadership, industry awareness, and accountability. The Professional Readiness Programme reinforces and evaluates the skills to navigate a dynamic business environment while upholding public trust. It includes the following areas: Technical Application Skills, Ethical Awareness, Environmental Awareness, and Readiness for Responsibility.
The CIBA ethics CPD and assessment must be completed annualy on cpd.myciba.org
A CFAdmin needs to log 15 hours continuing professional development (CPD) per annum. CPD is required by law from all accountants in South African that has earned a designation. It shows your commitment to lifelong learning, and must be obtained from cpd.myciba.org
Join now and recieve the essential credential for career development