Knowledge Empowers


FTI is an approved residual skill training provider from SAICA (South African Institute of Chartered Accountants.

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FTI has develop simulations to address the training needs of trainees in line with SAICA's residual competency requirements in the following fields:



The simulation is based on an actual business and includes:
• Walk through video clips of the business;
• Background and financial information on the business; and
• A set of business problems to solve.
All material is supplied on CD to each trainee.
The approximate time needed to complete the simulation is 24 to 40 hours. The amount of time will depend on the amount of reading the learner will do for revision in order to attempt the simulation.

The simulation is designed to be offered via distance learning, although facilitation can be sourced should a firm require it. The simulation will provide the trainee with sufficient background and a reading reference for preparation. Learners will also be able to ask questions or sent e-mail requests to the “Client”.
This will allow for study in a flexible manner and time.
The trainee submit the answers to FTI for assessment after which FTI issues a detailed certificate on the level of competence.

The simulation addresses the following residual skills:


FM(R)1 Analyses the entity's financial situation
FM(R)1.1 Analyses and documents the entity’s/business unit’s/engagement client’s financial position (for example, using financial analysis, ratio analysis, trend analysis and/or cash flow analysis)
FM(R)2 Monitors cash flow
FM(R)2.1 Prepares or reviews a cash flow forecast for an entity/business unit/engagement client
FM(R)2.2 Identifies when there may be a cash shortfall or excess funds and documents, for review and input by others, possible action plans
FM(R)3 Analyses the entity's working capital
FM(R)3.1 Analyses and documents the entity's/business unit’s current working capital position or components of it (for example, inventory, accounts receivable or payable management) and documents recommendations for improvement
FM(R)4 Appraises capital investment decisions
FM(R)4.1 Documents the financial implications of an investment decision using the appropriate capital budgeting techniques
FM(R)5 Estimates the value of the businessFM(R)5.1 Calculates a reasonable range of values for a business, using a combination of valuation techniques


MD(R)1 Identifies the entity’s/business unit’s key performance indicators
MD(R)1.1 Identifies and documents financial and nonfinancial performance indicators that are key to the entity/business unit/audit engagement, including any industry-specific benchmarks
MD(R)1.2 Critically evaluates and documents the applicability of the performance  measurement system to measure the key performance indicators.
MD(R)2 Prepares, analyses and monitors budgets
MD(R)2.1 Prepares a budget for a entity/business unit/audit engagement, with clearly documented assumptions
MD(R)2.2 Performs sensitivity analysis on prepared budgets, varying key assumptions to document a range of possible outcomes
MD(R)3 Analyses and interprets budget variances
MD(R)3.1 Analyses the actual performance against budget, and documents the findings
MD(R)3.2 Investigates and documents reasons for variances
MD(R)3.3 Develops, for input and review by others, a plan to address variances

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