Modified Cash Standard (MCS) Training

Learning Outcomes

• Apply the principles of the Modified Cash Standard to record financial transactions.
• Analyze the recognition criteria for revenue and expenditure under MCS.
• Prepare financial statements in accordance with MCS requirements.
• Evaluate the impact of MCS on financial reporting and decision-making.
• Implement internal controls to ensure compliance with MCS.
• Demonstrate the ability to reconcile cash-based records with MCS reports.

Target Audience

This course is designed for finance professionals, bookkeepers, and accountants working in small to medium-sized entities or public sector organisations that apply the Modified Cash Standard. It is also suitable for individuals seeking to enhance their understanding of non-accrual accounting frameworks.

Prerequisites

None — open enrollment.

Course Outline

Practicals

Overview

The practicals component provides hands-on experience in applying the Modified Cash Standard through case studies, journal entries, ledger postings, and preparation of financial statements. Learners work on real-world scenarios to reinforce recognition, measurement, and reporting concepts.

Practical Activities

• Practical 1: Journal Entries and Ledger Postings — Learners record transactions under MCS, including receipts, payments, grants, and asset acquisitions, and post them to ledgers. (2h)
• Practical 2: Preparation of Statement of Receipts and Payments — Using a trial balance, learners prepare a statement of receipts and payments, including classification of items. (2h)
• Practical 3: Financial Statements and Notes — Learners complete a full set of MCS financial statements, including notes, from a given scenario. (2h)
• Practical 4: Integrated Case Study — Learners work on a comprehensive case study covering all MCS aspects, from transactions to final reports. (2h)

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.