ICAS ACCOUNTING EDUCATION
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ICAS ACCOUNTING EDUCATION Anton Colella Chief Executive. Vision The CA demonstrates the highest standards in business and society Mission ICAS will enhance the global standing of the CA by: “Excellence in education and professional development” Core objective

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Icas accounting education anton colella chief executive

ICAS ACCOUNTING EDUCATION

Anton Colella

Chief Executive


Icas accounting education anton colella chief executive

  • Vision

  • The CA demonstrates the highest standards in business and society

  • Mission

  • ICAS will enhance the global standing of the CA by:

  • “Excellence in education and professional development”

  • Core objective

  • Develop the business leaders of tomorrow


Approach to ca education

Approach to CA Education

  • Maintain Standards

  • Quality controls

  • Change and Innovation

  • Influence in policy development


Five pillars of the ca

Five pillars of the CA

  • Employers authorisation

  • Universities authorisation

  • CA Education

  • Work Experience

  • Examination quality

  • All carried out by ICAS


1 employers authorisation

1. Employers Authorisation

  • Training standards

  • 4 yearly review

  • Peer review

  • Committee review

  • Consistent system


2 university authorisation

2. University Authorisation

  • Education standards

  • Government reviews relied upon

  • 4 yearly review

  • Joint ICAS and peer review

  • Committee review


3 chartered accountant education

Test of Competence (TC)

Test of Professional Skills (TPS)

Test of Professional Expertise (TPE)

Financial

Reporting

Assurance

and

Business Systems

Advanced

Finance

Taxation

Work Experience

Multi-discipline

Case Study

Financial

Accounting

Principles of

Auditing &

Reporting

Business

Management

Finance

Business

Law

Core Competencies

Specialist Fields

3. Chartered Accountant Education

Education & Exam Programme


Education delivery

Education Delivery

  • Material creation

  • Consistent approach to education

  • Annual review and change

  • 12 cities throughout United Kingdom

  • ICAS staff are involved in all aspects with a full-time team of lecturers.


4 work experience

4. Work Experience

  • “Achievement Logs” provide a record of workplace experience

  • Need to achieve a number of competencies prior to qualifying as a CA

  • Must obtain required number of days relevant work experience over training contract


5 examination quality

5. Examination Quality

  • Semi independent panels and committees

  • Multiple sittings of examinations

  • Setting and marking processes

  • Results issue


Examinations test of competence part 1

Examinations – Test of Competence (Part 1)

  • 5 subjects –Financial Accounting, Auditing, Law, Finance, Business Management

  • Paper length -Two Hours

  • Marking and results issue – Four weeks

  • Writing - ICAS employees

  • Marking -Members and academics

  • Control -Members and employees


Examinations test of professional skills part 2

Examinations – Test of Professional Skills (Part 2)

  • 4 subjects -Taxation, Financial Reporting, Advanced Finance, Assurance & Business Systems

  • Paper length -Five Hours

  • Exams -June, September, December

  • Marking and results issue – Four weeks

  • Writing -Members

  • Marking -Members in a marking school

  • Control -Members and employees


Examinations test of professional expertise part 3

Examinations – Test of Professional Expertise (Part 3)

  • One paper -A multidiscipline case study

  • Paper length -5.5 hours

  • Exams -May and November

  • Marking and results issue – Five weeks

  • Writing -A team of members

  • Marking -Members in a marking school

  • Control -Members


Icas approach to ethics

ICAS Approach to Ethics

  • Professional ethics taught in subjects eg: Auditing, Finance

  • Final exam case study always contains ethical issues

  • Identify need for separate programme (2005)

  • Business ethics course launched

  • Two full taught days with cases

  • Final assessment in ethics. Must PASS


Business ethics 1

Business Ethics 1

  • Explain the nature of ethics and its significance in the business environment

  • Appreciate the need to approach decision making in business using an ethical framework

  • Develop arguments and understand the perspective of others in considering ethical issues


Business ethics 2

Business Ethics 2

  • Organisational responses

  • Corporate citizenship

  • Whistle blowing

  • Social and environmental reporting

  • Students application to their work


Standards

Standards

  • Consistency of the standard across time

  • Public expectation

  • Demands of the market

  • Achieve this by quality of staff and by feedback and review processes


Quality controls

Quality Controls

  • Member oversight

  • Public members

  • United Kingdom Government Review (Audit)

  • Benchmark projects

  • IFAC Education Standards

  • European Union rules


Benchmark project examples

Benchmark Project Examples

  • Canada, South Africa, Australia, New Zealand, Hong Kong, Ireland and England (CAGE)

  • ICAS reviewed Hong Kong, New Zealand and South Africa in 2007.

  • South Africa reviewed ICAS in 2007

  • European Common Content with Germany, France and Italy


Ifac international education standards

IFAC International Education Standards

  • IES 1-8 (Mark Allison one of authors)

  • Meet, and develop from, IES

  • World Congress

  • Japan conference

  • International work


Change and innovation

Change and Innovation

  • Flexible delivery through modules

  • Work experience achievement log

  • Level 3 (TPE) Case Study on computer

  • Business ethics programme

  • Partnerships with similar organisations


About icas students

About ICAS students

  • Over 3,900 students

  • 64% of students train outside Scotland

  • ICAS trains students from all ‘Big 4’ firms in UK


Why become a ca

Why Become a CA?

  • The qualification is:

  • Widely recognised as one of the best accounting qualifications in the world

  • Highly regarded and versatile offering the best technical knowledge

  • In tune with the changing demands of today’s business environment

  • Portable worldwide


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