High quality training tailored to meet the needs of the economy based on the world's leading brands in professional education

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1 High quality training tailored to meet the needs of the economy based on the world's leading brands in professional education

2 Training graduates for: Internationally recognised professional qualifications

3 Business Education Language Excellence Centre ACCA CIMA GARP IFRS (CertIFR DipIFR) BEC ICFE ILEC CGES IELTS

4 Approved Learning Partner of ACCA since 2002 Recognised First group Training of risk provider managers since 2009 qualified 2011

5 Step up to your future in finance and accounting Association of Chartered Certified Accountants (ACCA, UK)

6 About ACCA ACCA Association of Chartered Certified Accountants founded in 1904 worldwide acceptance as a professional fastest tgrowing / largest tinternational professional accountancy body 370,000 members and students in 170 countries over 200 examination centers worldwide

7 ACCA A Global Organization with a Local Presence Los Angeles Toronto Port of Spain Glasgow Moscow Dublin London Paris *Prague IAB Centre Sliema Yerevan Beijing Nicosia Shanghai Lahore Guangzhou Karachi Delhi Hong Kong Accra Colombo Kuala Lumpur Kampala Nairobi Singapore Lusaka Gaborone Harare Port Louis Johannesburg Sydney 2/28/2012 4:54 PM ACCA presentation Slide 7

8 ACCA QualificationSyllabus FUNDAMENTAL LEVEL KNOWLEDGE F1 Accountant in Business F2 Management Accounting F3 Financial Accounting PROFESSIONAL LEVEL ESSENTIALS All 3 papers must be completed P1 Professional Accountant P2 Corporate Reporting P3 Business Analysis SKILLS F4Corporate and Business Law F5 Performance Management F6 Taxation F7 Financial Reporting F8 Audit and Assurance F9 Financial Management OPTIONS Any 2 of 4 papers P4 Advanced Financial Management P5 Advanced Performance Management P6 Advanced Taxation P7 Advanced Audit and Assurance

9 ACCA structure MEMBERSHIP of ACCA This is the goal EXAMS ETHICS PRACTICAL EXPERIENCE Knowledge Module Computer-based(CBE) Paper-based(PBE) exams Skills Module Professional Level Paper-based exams (PBE) Online module 3 years of relevant experience

10 AWARD STRUCTURE FOLLOWING DECEMBER 2011 EXAM DIET Chartered Certified Accountant AFFILIATE OR FULL MEMBER OF ACCA PER requirements Pass P1, P2 and P3 Pass 2 out of 4 Options papers ADVANCED DIPLOMA IN ACCOUNTING AND FINANCE Pass F4 TO F9 Complete online Ethics Module DIPLOMA IN ACCOUNTING AND BUSINESS Pass F1, F2 and F3 Complete online Foundations in Professionalism Entry level For example, University degree BSc Applied Accounting Of Oxford dbrookes University, UK Requires: Proof of English (e.g. F4) Research and Analysis paper There are alternative entry levels for school leavers

11 ACCA Benefits for Students Membership of the world s largest, fastest-growing internationally recognized professional accountancy body Lifelong learning opportunities Improved career prospect Worldwide acceptance as a professional Global mobility It s not just about the letters after your name, but about what they stand for in the wider world of business. Sarah-Jane Andersen, ACCA Accountant, Selfridges

12 ACCA Benefits for Employers Adds value to your business Ensures professionalism International ti perspective Prepares staff for the future Our investment t in quality finance training, i in partnership with ACCA, ensures that our employees keep us competitive. James Magill, HR, Accenture Slide 12

13 Chartered Institute of Management Accountants (CIMA, UK)

14 Chartered Institute of Management Accountants (CIMA) Established in London in Largest global professional institute for Management Accountants. 171,000 members and students in 165 countries Professional qualification with a syllabus and examinations that focus on the education and training of management accountants in business. CIMA graduates are educated in a wide range of business disciplines, including areas not usually associated with accounting such as marketing and human resource management.

15 CIMA compared to academic qualifications CIMA MBA (with major in finance) One global lstandard d Recognition depends on recognised world wide reputation of the university Recognised globally in 165 countries

16 Qualification process overview TOP MA Final qualification process 3 to 4 years Professional examinations 9 subjects Paper based exams Two exit levels Entry Level Certificate in Business Accounting Five subjects (computer based exams)

17 Entry level Pass or exempt from: Certificate in Business Accounting (CBA) C01 Fundamentals of Management Accounting C02 Fundamentals of Financial Accounting C03 Fundamentals of Business Mathematics C04 Fundamentals of Business Economics C05 Fundamentals of Ethics, Corporate Governance and Law CBA examinations must be taken at a recognised Computer Based Assessment centre IAB Centre

18 Member of the Chartered Institute of Management Accountants TOPCIMA Part A Practical Experience Part B Case Study Exam Strategic Level Paper E3 Enterprise Strategy Paper P3 Performance Strategy Paper F3 Financial Strategy CIMA Advanced Diploma in Management Accounting Manage ement Leve el Paper E2 Enterprise Management Paper P2 Performance Management Paper F2 Financial Management CIMA Diploma in Management Accounting O p erational Level Paper E1 Enterprise Operations Paper P1 Performance Operations Paper F1 Financial Operations Enterprise Pillar Performance Pillar Financial Pillar The new professional exam structure

19 Global Association of Risk Professionals Global Association of Risk Professionals (GARP, USA)

20 Founded in 1996 Is the only globally recognized membership association for risk managers Over 150,000 members, from 195 countries and territories. Members are employed by commercial banks, central banks, investment banks, asset management firms, corporations, government agencies, and academic institutions Certification and education programs are developed and kept current by practitioner oversight committees.

21 how banks operate how they're governed how they're regulated Risk Certification Program how international regulation, including the Basel Accords, affect the management of these risks: Credit risks Market risks Operational risks Professionals in non-risk groups: Accounting, Audit, Compliance, IT, Legal, Operations, Portfolio Management, Research, Sales, Trading Student pursuing a career in the financial markets Anyone interested in a Banking Risk

22 International Certificate in Banking Risk and Regulation (ICBRR) Delivers a deep, qualitative understanding of risk management methodologies, governance structures for the management of risk in banks, and the regulatory principles outlined by the Basel Committee on Banking Supervision. i Market risk management Credit risk management Integrated risk management Operational risk management

23 International Certificate in Banking Risk and Regulation (ICBRR) Professionals in banking, financial i services, banking regulatory agencies, consulting firms, government organizations and agencies, central banks and academic institutions Professionals in non-risk groups: accounting, audit, compliance, IT, legal, l operations, portfolio management, research, sales and trading Bankers, traders, portfolio managers, risk managers

24 ACCA Qualifications in International Financial Reporting Standards (IFRS) Global importance of IFRS Adopted in more than 100 countries Mandatory in many jurisdictions Available in 45 languages, including: Chinese, Japanese, Arabic, Russian and Greek US GAAP to be phased out in favour of IFRS by the end of 2014 ACCA s single subject qualifications include: Certificate in International Financial Reporting (CertIFR) Diploma in International ti lfinancial i Reporting (DipIFR)

25 ACCA Qualifications in International Financial Reporting Standards (IFRS) CertIFR No previous qualifications required Broad introduction to IFRS One hour houronlineonline exam (mainly knowledge based) at anytime ACCA fee for assessment = 125 (allows three attempts at exam) Pass mark = 50% Recommended study hours = 20 DipIFR Eligibility criteria includes holding the CertIFR Registration fee 177, allows one attempt at exam Students need to develop application and analysis skills Assessment (in June and December) 3 hour written exam paper Pass mark 50% Recommended study hours = 30

26 Why IAB Centre? Approved ACCA, CIMA, GARP Learning Partner Exam success rates exceed worldwide averages Highly professional training team Interactive teaching method User-friendly training materials Licensed ACCA, CIMA CBE Centre

27 Association of Chartered Certified Accountants (ACCA) IAB students performance is monitored by ACCA Anarticle publishedinacca s in News Europe October 2008 The International Accountancy and Business Centre (IAB Centre, Armenia), ACCA s Gold Approved Learning Partner, has achieved the Platinum pass rate targets for the first time at the June 2008 session.

28 Proposal for ACCA studies Tajikistan Jun Aug 2012 Intensive English language training 120 hours in total block release basis Sep Dec 2012 F1 Accountant in Business F2 Management Accounting F3 Financial Accounting (INT) Block release 30 hours each paper over 5 days 12 hours revision per paper Online module Foundations in Professionalism ACCA Diploma in Accounting and Business

29 Proposal for ACCA studies Tajikistan Skills Module All course on a block release basis. 36 hours per paper over 6 days 12 hours revision per paper prior to the examination Mar Jun 2013 Sep Dec 2013 Mar Jun 2014 F7 Financial Reporting (INT) F6 Taxation (UK) F5 Performance Management F9 Financial Management F4 Corporate and Business Law (GLO) F8 Audit and Assurance (INT) Online Professional Ethics Module ACCA Advanced Diploma in Accounting and Business

30 Thank you From IAB Centre