This module has been constructed in a manner that will empower you in accounting. If you had Grade 12 accounting, you will discover many new concepts that you never knew about. You will learn how to deal with Value Added Tax (VAT), and how the books of account are likely to reflect on a computerised accounting system.    

The module commences with an overview of the history and development of accounting principles over time. You will be presented with the latest thinking on GAAP principles as well as International Financial Reporting Standards (IFRS). Although the first learning unit is primarily theoretical in nature, it will lay the foundation for you in understanding why certain processes and entries are done the way they are in the rest of the course. 

  • Students who wish to learn how to demonstrate knowledge and understanding of the development, role and functions of bookkeeping as a business information system.
  • Individuals who want to learn how to apply bookkeeping principles, processes and systems in a business environment. 


  • Be proficient in English.
  • Must be able to prepare for lectures and engage in self-directed study outside the classroom and be prepared for dynamic discussion in the classroom. 


Lectures are conducted on a Saturday or weekday for three hours over 12 weeks.


The modules consist of three formatives (two tests and an ICE task) and one examination.


The SLP aims to provide students with the foundational knowledge and practical skills required to perform the basic accounting and bookkeeping procedures required in a business environment.


  • An introduction to business, bookkeeping, and accounting
  • The Accounting Equation and Double Entry System
  • Value Added Tax (VAT)
  • Recording cash transactions
  • Recording credit and sundry transactions
  • Inventory (stock) systems 

At the IIE's Varsity College we are proud of and passionate about our shift away from the 'traditional lecturing' methodology to our blended-learning strategy – the VCBlend. This blended-learning strategy extends learning beyond the confines of the classroom and creates opportunities for our students to work collaboratively, with peers and their educators, to construct their understanding of concepts. Student engagement is supported by the use of online learning materials and activities that have been developed to underpin our teaching strategy, and where possible lecturers will make use of Web 2.0 tools to action the activities.      

This student-focused approach compels our students to be accountable for their learning while developing the critical skills they will need to thrive in the rapidly changing 21st century work environment.      

As such, academic life for our students is dynamic, challenging and relevant.


The Bookkeeping programme is an SLP certified by The Independent Institute of Education (The IIE). Students enrolled for this SLP can submit an application for academic credit upon completion, to be exempt from the equivalent full qualification module when registering for any other IE programmes.   

  • Higher Certificate in Bookkeeping (exempt from Bookkeeping 1A) * 


What students past and current are saying.

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"I've completed 2 courses with The IIE's Business School at Varsity College Cape Town. My experience with this institution has been overwhelming. The staff and lectures are very helpful and excellent in the roles they play. Their schedules and time frames for each of the courses I've finished thus far have been 100% correct."

Stanley Roman

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"The course was so practical, I feel like I have the ability to go out and manage a project. It's not all theory that I have no clue how to apply. It was a privilege to learn from Bobby Keller at The IIE's Business School at Varsity College Pretoria. He has a lifetime of experience to share."

Lida van Eden

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"The IIE's Business School at Varsity College Cape Town gave me a chance to experience tertiary education the way it should be. I am able to go into the working world with some of their academic teachings and life advice."

Thabiseng Chiwashira

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