Modified Cash Standard (MCS) Training

Learning Outcomes

• Apply the principles and recognition criteria of the Modified Cash Standard to financial transactions
• Analyze the differences between cash basis and modified cash basis accounting
• Evaluate the impact of MCS on financial reporting and budgeting in the public sector
• Design financial statements in accordance with MCS requirements
• Implement internal controls to ensure compliance with MCS
• Demonstrate the ability to reconcile cash and accrual information under MCS

Target Audience

This course is designed for finance officers, accountants, and managers working in the South African public sector who need to understand and implement the Modified Cash Standard.

Prerequisites

None — open enrollment

Course Outline

Practicals

Overview

Practical sessions allow learners to apply MCS principles in simulated and real-world scenarios. Learners will record transactions, prepare reconciliations, and draft financial statements using MCS, reinforcing theoretical knowledge through hands-on practice.

Practical Activities

• Transaction Recording Exercise — Learners are given a set of business transactions and record them using MCS, including journal entries and ledger postings. (3h)
• Cash Reconciliation and Adjustments — Learners reconcile cash records with accrual adjustments, preparing reconciliation statements and adjusting entries. (3h)
• Financial Statement Preparation — Using a case study, learners prepare a complete set of financial statements under MCS, including notes and disclosures. (4h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total

Component	Out of	Weight
Practical Assignments (rubric-scored)	100%	30%
Daily Average (multiple choice)	100%	20%
Final Test (multi-answer multiple choice)	100%	50%
Final Total	—	100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

How it works

• Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
• Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
• You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
• If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.

Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates	Discount
5	3% off
10	6% off
15	9% off
20	12% off
25	15% off
30	18% off
50	30% off
75	35% off
100	40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.