ACCOUNTING PRACTICE MANAGEMENT DEVELOPMENT PROGRAMME
The programme is designed to achieve the following objective over the next 24 months
• To run a programme that will produce 23 quality accounting practice managers / partners who are well equipped with a relevant set of skill to start and run successful accounting practices
• To provide opportunity to explore possibilities of working together as partners in 12 of our branches nationally
• To test the market potential in 22 new branch locations through feasibility study while in the process of learning
• To identify and nurture entrepreneurial talent residing dormant within 23 trainee managers /partners through practical learning and exposure to the real business world
• To create an enabling environment for IBEC Group to have a national footprint within 2 years
2. IBEC GROUP Membership Benefits
• Access to larger projects which will be identified and implemented by group members as a collective
• Access to diverse set of skills, experience and expertise
• Running a business as part of a group of highly disciplined and professional experts provide structural security
• Hold a license to operate under a well-established and known IBEC Brand put your business in a well off position to beat smaller brands
• Group membership will give access to a wide range of services and product offered by the Group Subsidiary Companies which will in turn expand your offering basket to your clients. This means that you will be able to sell more than just accounting services but everything that is available within the Group.
• As a large business structure, the Group will have more bargaining powers in the market including government, suppliers, competition, clients, Financial Institutions & Investors, Provident & Pension Funds, and Medical Aids Providers etc.
• As a formal business, the Group will provide guidelines for succession planning
• Central Human Resource & Payroll Administration will give you and your employees to a wide range of fringe benefits which you would hardly afford as a smaller standalone business
• You will benefit from the guidance provided by the highly qualified and experienced professionals within the Group Executives and Senior Managers
• Access to the accounting practice management systems that have been tried and tested over 12 years and proven to be effective rather than developing and trying you own theories.
3. Practice Management Development Programme Topics
The programme will run over 12 months which will be broken into two phases namely; phase one will entail a series of online webinars on accounting, tax, payroll and office management modules taking place every Tuesday evenings between 6pm and 8pm for a period of six months. Participants will write an assessment at the end of this phase and successful candidates will move to phase 2 which is mentorship on practical implementation of the theory whereby they will be guided through setting up their branches and building their client base. The programme will cover but not limited to the following Modules;
3.1. Starting and running a successful accounting practice
3.2. Financial Statements
3.3. Income Tax Returns Preparation
3.4. Payroll Administration & Employees Tax Returns Preparation
3.5. VAT Registration & Administration
3.6. Estate Duty
3.7. Customs & Excise Duties
3.8. Tax Planning for High Net Individuals
3.9. Capital Gains Taxes
3.10. Tax Incentive Programme
3.11. Sage One Accounting Practical Application
3.12. Sage One Payroll Practical application
3.13. Draftworx Practical Application
3.14. Workflow Management System
3.15. Clients Relations Management
3.16. Office Administration
3.17. Performance Management
3.18. Office Policies & Procedures
3.19. Labour Law, Workman Compensation & UIF
3.20. General Compliance Issues for Small Businesses
4. Prospective Participants’ Recruitment Process
• The positions will be published on LinkedIn on Monday 21st of January 2019
• The participants will be divided into 3 geographical groups namely; Group A ( Eastern Cape, Western Cape & Gauteng), Group B (Kwa-Zulu Natal, Free State & Mpumalanga), & Group C ( Northern Cape, North West & Limpopo)
• The closing Date for applications and programme unrolling dates are as follows;
Sequence: GROUP Advert Publishing Date, Application Closing Date, Programme Commencement date, Programme End Date
A: EC, WC & GP 21 January 2019, 10 February 2019, 5 March 2019, 27 August 2019
B: KZN, FS, MP 15 April 2019, 30 May 2019, 3 September 2019, 25 February 2020
C: NC, NW & L 15 July 2019, 31 August 2019, 3 March 2020, 25 August 2020
4.2. Application Process
• Interested candidates must send their CVs and business proposals as to why they should be considered for the programme by the closing date
• Pre-Shortlisted Candidates will write an a pre-assessment which is a pre-requisite for final shortlisting
• Shortlisted candidates will invited to do a business proposal presentation on how they plan to approach the market in the manner that the branch will start up successfully and grow.
• Successful candidates will then be selected
4.3. Attendance & Implementation
• Lectured will be delivered online every Tuesday from 6:00 pm to 8:00 pm for a period of 6 months
• Participants may be given tests, assignments and practical during the process.
• All candidates will write a final assessment at the end of the programme
• Successful candidates will become eligible for appointment as Branch Managers and deployed in their preferred branches as indicated on the application.
• They will be provided with guidance and mentorship on setting up their new branches and building client base. The mentorship programme will extend over 6 months and thereafter the Branch Managers will be expected to be able to run the branch independently with minimum supervision.
• Participants may be required to attend physically at least once a month to present on their assignments and network with others. This will be done for team building purposes and strengthening the relationships.
4.4. Programme Cost
The following table illustrates what will be the responsibilities of each party between the company and the trainee Manager/Partner
Trainee Manager/Partner Company
Trainee Manager Responsibilities
1 • Own reliable computer and internet to attend online classes every Tuesday night
2 • Perform practical assignments at own cost
3 • Travel, accommodation and meals to attend or deliver presentation and networking with others
4 • Contribute their time •
5 • Identify and approach prospective clients at own cost as part of learning process •
- Provide Training Material
- Presentation and Networking Venue
- Provide Meals at the Presentation & Networking Venue
- Facilitate Learning Process
- Provide Mentorship & Guidance on Office Set Up & Clientele Recruitment
5. Expected Role Of The Programme Graduates
- Checking up annual financial statements and screening of income tax including but not limited to IT/IRP/EMP and VAT returns prior to submission to SARS. Hold the CEO’s power of attorney for the authorisation, approval and signing off important documents.
- Report to the CEO or to whom as directed by him
- Induct and train new employees.
- Responsible for maximization of the profitability of the office. Responsible for the overall office financial management including expense control.
- Manage, motivate, develop and drive the team towards meeting their individual and office target/budget.
- Ensure maximum utilization of office resources to meet business objectives. Ensure that all operational procedures are followed and policies are adhered to at all times.
- Responsible for timely application of administration procedures including ensuring that files are in order and reports are generated and submitted to the CEO timorously.
- ensure that effective marketing activities are carried out to maximize sales opportunities and also ensure brand awareness in their respective areas of jurisdiction.