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ICAS ACCOUNTING EDUCATION Anton Colella Chief Executive

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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

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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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