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The Major Highlights

The Institute of Chartered Accountants (Ghana) (ICAG), the body in charge of regulating the accountancy profession in Ghana has finally launched its much-awaited revised syllabus. The syllabus was launched at the auditorium of the Department of Economics, University of Ghana on Thursday 26th July 2018. The revised syllabus is expected to take effect from the NOVEMBER 2019 Professional Exams.

The revision is in line with changing trends in the global economy and professional education space.
The following are some of the key highlights of the revised syllabus:

1. What is the purpose of the revision?
To produce a professional accountant as a well-rounded advisor who:
a. Contributes real value in management of all types of organisations
b. Acts in the public interest as well as that of their employer or client
c. Delivers competencies that include sound knowledge and higher value technical skills expected of accounting and finance professionals
d. Delivers their technical knowledge and skills in a practical and relevant way.
e. Delivers skills in the private and public sectors through a deep understanding of their issues and environments.

2. What is the structure of the revised syllabus?
LEVEL 1
a. Financial Accounting
b. Business Management and Information Systems
c. Business and Corporate Law
d. Introduction to Management Accounting

LEVEL 2
a. Financial Reporting
b. Management Accounting
c. Audit and Assurance
d. Financial Management
e. Public Sector Accounting and Finance
f. Principles of Taxation

LEVEL 3
a. Corporate Reporting
b. Advanced Audit and Assurance
c. Advanced Taxation
d. Strategic Case Study

4. What is the rationale for this new structure?
A. Create a clear link between syllabus content and learning materials
B. Clearly identify how students' progress from one level to the other in terms of skills and competencies
C. Adhere to
C. Adhere to IES 1 2 3 4 5 and 6
D. Position students for lifelong professional development
E. Ensure that it is sufficiently benchmarked with international qualifications
F. Provide detail which is sufficiently localised to ensure that its members' skills are relevant to the Ghanaian economy and environment.

5. What are the key features?
a. Learning outcomes and assessment criteria

  • Syllabus establish a clear link between learning,achievement and examinations.

b. Strategic Case study

  • a 3 hour paper consisting of two case studies
  • Students will be provided with background details (advance information)
  • Students will be expected to familiarise themselves with the information provided about the organisation and industry
  • Questions will be crafted based on the syllabus weighting grid

6. When will the new syllabus be examined?

  • The revised syllabus will be examined beginning the NOVEMBER 2019 Examinations.

7. What are the entry requirements?
A. Holders of SSSCE /WASSCE /GBCE
B. Holders of Diploma and Degree from Tertiary Institutions, including ATSWA, Diploma/HND/Degree/Masters and any qualification acceptable by the Institute

8. What are the exemptions policy?

  • Exemptions are granted to Institutions accredited by NAB and recognised by the Institute
  • Holders of Diploma in accounting awarded by a tertiary institution are exempted from all Level 1 papers
  • Holders of HND Accountancy option are exempted from all Level 1 papers and Audit and Assurance in Level 2
  • Holders of ATSWA are exempted from all Level 1 papers and 2 papers (Audit and Assurance and Principles of Taxation) in Level 2
  • Holders of university bachelor's degree in accounting are exempted from all Level 1 papers and 2 papers (Audit and assurance and Principles of Taxation) in Level 2
  • Holders of Masters degree in Accounting would be granted exemption from all Level 1 papers and Level 2 papers,except Public Sector Accounting and Finance. This applies to postgraduate students who hold first degree in accounting.
  • Holders of university bachelor's degrees (other than those specified above) would be granted exemption on subject by subject basis as indicated on the academic transcript
  • Holders of other professional qualifications recognised by the Institute would be granted exemption on subject by subject basis as indicated in the result slip.
  • Exemptions would NOT be extended to any paper in Level 3.

9. I have a challenge or concern, who can I talk to?

  • Contact the Institute on 0544 336701/2 ; 0277 801422-4 (This email address is being protected from spambots. You need JavaScript enabled to view it.)
  • Student Services Department (Head Office, Accra) on 0249011990 / 0288700102 (This email address is being protected from spambots. You need JavaScript enabled to view it.)
  • Kumasi office (Nyarkoa Plaza, Ahodwo roundabout, same building with IPMC and ADB bank) on 0243967134 / 0246162555
  • Cape Coast office (CCTU Campus, Old Administration Block) on 0264423849 / 0205253035
  • Tamale office (Yamusah storey building, Water Works - Gumbihini) on 0245156988 / 0249060694

BE A CA, BE A BUSINESS LEADER!!!
Compiled by Alhassan Yusif Trawule (Partners in Learning Unit, ICAG)

  • Student Services Department (Head Office, Accra) on 0249011990 / 0288700102 (This email address is being protected from spambots. You need JavaScript enabled to view it.)
  • Kumasi office (Nyarkoa Plaza, Ahodwo roundabout, same building with IPMC and ADB bank) on 0243967134 / 0246162555
  • Cape Coast office (CCTU Campus, Old Administration Block) on 0264423849 / 0205253035
  • Tamale office (Yamusah storey building, Water Works - Gumbihini) on 0245156988 / 0249060694

BE A CA, BE A BUSINESS LEADER!!!
Compiled by Alhassan Yusif Trawule (Partners in Learning Unit, ICAG)

Click To view PDF of the following important documents:

 

REGISTRATION

To register as a student and apply for exemptions, applicants must obtain registration and exemption forms from ICAG Secretariat or the website. Completed forms should be returned to the Secretariat together with registration fee of GH¢120 .00 and subscription of GH¢120.00. Applicants who qualify for admissions and exemptions would be required to pay the applicable registration and exemption fees. An applicant must be at least 16 years and possess any of the following:

SSSCE/GBCE/DBS holders – six (6) passes (A-D) including English and Mathematics. WASSCE holders six (6) credits including and English and Mathematics, any other qualification acceptable to the Institute.

 STUDENTS REGISTRATION REQUIREMENTS

(a) Submission of Application in Person

  • Photocopy of any birth identity (passport, national ID, birth certificate, NHIS ID, etc.)
  • 3 passport size photographs
  • Original transcript for graduates
  • Original and photocopy of educational certificate(s)

(b)  Submission of Application by Post

  • Photocopy of any birth identity (passport, national ID, birth certificate, NHIS ID, etc.)
  • 3 passport size photographs
  • Original transcript for graduates
  • Photocopy of educational certificate(s) must be CERTIFIED

 EXAMINATION SCHEME

The examination is in three (3) levels. Level 1 must be completed before moving on to Levels 2 and 3 in that order. Students are required to write a minimum of two (2) papers in any order in Levels 1 and 2. At Level 3, students are required to write all the four (4) papers.

 

LEVEL 1

1.1 Financial Accounting

1.2 Business Management & Information Systems

1.3 Business & Corporate Law

1.4 Quantitative Tools in Business

LEVEL 2

2.1 Financial Reporting

2.2 Management Accounting

2.3 Audit & Assurance

2.4 Financial Management

2.5 Public Sector Accounting & Finance

2.6 Corporate Strategy, Ethics & Governance

LEVEL 3

3.1 Corporate Reporting

3.2 Advanced Aduit & Assurance

3.3 Advanced Financial Management

3.4 Taxation & Fiscal Policy

 

 

EXEMPTION POLICY

The exemption policy stands as follows: BSc Adm. B.Ed. (Accounting option) B.Com. Exemption from Level 1 and 2 papers in Level 2 (2. 3 Audit & Assurance and 2.4 Financial Management) Holders of HND Accountancy and ATSWA/GAT Exemption from Level 1 and a paper in Level 2 (2.3 Audit & Assurance)

Other qualifications: - subject for subject exemptions up to Level 2 where applicable except Public Sector Accounting and Finance

 

EXAMINATION CENTRES

The examination centres include Accra, Takoradi, Koforidua, Ho, Kumasi, Sunyani, Wa, Bolgatanga, Tamale, Cape Coast, London, Liberia and New York.

 

EXAMINATION PERIOD

Examinations are held in MAY and NOVEMBER every year. Candidates are required to apply to sit for examinations at least two (2) months to date of the examination. Exams registration opens in February for May diet and August for November diet.

For further enquiries contact: Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or Mobile No. 0288700102, 0249011990

 

PAYMENTS AND REQUIREMENTS FOR REGISTRATION AS A CA STUDENT

1. Payments can be made into any of the following banks:

  • Barclays Bank Account No. 0000002149286 High Street Branch: Sort Code 030148, Swift Code BARCGHAC/030100
  • GCB Bank Account No. 1011130022905 High Street Branch: Sort Code 040101, Swift Code GHCBGHAC
  • Ecobank Ghana Account No. 0710134481289101:Sort Code 130149, Swift Code ECOCGHAC
  • Pay via Mobile Money to ‘The Institute of Chartered Accountants (Ghana)’ Mobile Money Number 0557964560

 

The form should be accompanied with a pay-in-slip as evidence of payment. Registration fee GH¢120.00 and Annual subscription GH¢120.00. Account name: The Institute of Chartered Accountants – Ghana. 

 2. Bank payment instructions

Please provide the following information to the bank when making payment to The Institute of Chartered Accountants – Ghana (ICAG):

  • Name in full
  • Student Registration Number (SRN)
  • Purpose of payment should be stated on the pay-in-slip

 

 LIST OF ICAG CONTACT PERSONS IN THE REGIONS

 1. MR KWADWO K. AMANFI 

CENTRE - YAMUSAH BUILDING 

TAMALE

0245156988/0249060694 020-9373508

NORTHERN REGION

 2. MR. ABDUL-RAZAK

CENTRE - WA TECHNICAL UNIVERSITY

WA

020-9373508

UPPER WEST REGION

3. MS. ELIZABETH OBENG

CENTRE - TAKORADI TECHNICAL UNIVERSITY

TAKORADI

020-8153746

WESTERN REGION

4. MR. JAMES K. BAYENTEYEA

CENTRE - KOFORIDUA TECHNICAL UNIVERSITY

KOFORIDUA

0244-716996

EASTERN REGION

5. MR. MOSES KPORDZO

CENTRE - HO TECHNICAL UNIVERSITY

HO

0244 -752782

VOLTA                       

6. MR. DAVID AMOAH

CENTRE - BOLGATANGA TECHNICAL UNIVERSITY

BOLGA

0244 - 989764

UPPER EAST REGION

 

7. MR. SOLOMON ABINA

CENTRE - SUNYANI TECHNICAL UNIVERSITY

SUNYANI

 020 - 0380570

 BRONG AHAFO REGION

8. MS. SANDRA ASAFO-ADJEI

I. C. A. OFFICE KUMASI

KUMASI

AHODWO ROUNDABOUT – NYARKO PLAZA

0243 – 967134/0246 - 162555

KUMASI ASHANTI REGION

 

 

9. MR. THOMAS OSEI

CENTRE – CAPE COAST TECHNICAL UNIVERSITY

 (OLD ADMINISTRATION BLOCK)

CAPE COAST

0264423849/0307002749/0205253035

CAPE COAST CENTRAL REGION

 

 10.  LIBERIA - CENTRE

   

 

Photocopy of any birth identity (passport, national ID, birth certificate, NHIS ID, etc.)   3 passport size photographs   Original transcript for graduates   Original and photocopy of educational certificate(s)

Click Here to Download Registration Form & Timetable:

Registation  Form- 2018 Chartered Diploma 

Time Table - Forensic Audit 2018 

Time Table - Treasury & Financial Risk 2018

 

INTRODUCTION


The ICAG Chartered Diploma Programme is a professional diploma with specialization in various fields of study in business. The course content focuses on the ability of graduates to perform assigned duties in their chosen areas of specialization.


It is expected that the tremendous insight to be gained by participants will improve their competencies on the job. ICAG expects to attract very ambitious participants from different backgrounds.


This package contains a comprehensive range of advanced diploma programmes in the fields specified to target the population within the sub-region.


PROGRAMMES


Two programmes have been targeted for the third and fourth quarters of 2018, namely:
• Chartered Diploma in Forensic Audit
• Chartered Diploma in Treasury and Financial Risk Management

 

1. CHARTERED DIPLOMA IN FORENSIC AUDIT

Overview

The past decade has witnessed significant white-colour crimes with repercussions that transcend national boundaries. These seem to have been caused by factors which are usually regarded as inherent in the modern business transactions. The versatility of personal computers coupled with the internet is being used to rob individuals, businesses and sometimes state institutions. The globalization of business operations is to blame. Forensic Auditing has emerged as a detection and preventive measure.


What it is about

The ICAG Chartered Diploma in Forensic Auditing seeks to combine accounting and auditing principles to criminology and investigation to build a unique skill for the local market and beyond. This is in response to the growing global need for professionals to assist with services not treated in conventional accountancy training. The course therefore seeks to sharpen participants’ ability to investigate fraud and other white-color crimes, quantify such fraudulent activities and provide expert advice on such matters.

 

Programme Objectives

The course seeks to develop participants’ ability to prevent, investigate and fight fraud in a professional capacity. Upon completion of the course, participants would be able to:
• Understand the impact of fraud in the private and public sectors;
• Implement anti-fraud policies to prevent frauds;
• Use appropriate investigative techniques to investigate fraud with the view to providing evidence in the court of law; and
• Quantity losses suffered as a result of fraud and crimes

 

PROGRAMME CONTENT

Modules
i. Financial Fraud;

ii. Criminology and Law;

iii. Forensic Audit;

iv. Cyber Crime.

 

2. CHARTERED DIPLOMA IN TREASURY AND FINANCIAL RISK MANAGEMENT

Overview

Business risks faced by corporate bodies have kept pace with the business expansion and industrialization. Closely associated with this, is the problem of inadequate management of treasury functions in businesses. It is believed that sound treasury and financial risk management increases the financial performance of the organization. Regrettably however, the training of manpower for such purposes is in its infancy in Ghana.

What it is about

ICAG Chartered Diploma in Treasury and Financial Risk Management is an innovative way of proactively handling potential challenges to be faced by the booming corporate activities in Ghana before they become insurmountable. Very advanced and critical topics in treasury and financial risk management shall therefore be discussed in the course.

Programme Objectives

Upon completion of the programme, participants shall be able to:
• Establish treasury and financial risk management functions to support business operations
• Collect relevant data, analyze it and provide professional advice about business risk and the cost and benefits to an organization
• Handle treasury function in institutions.
• Operate efficient working capital management in their respective organisations.
• Apply efficient modelling in managing risk and resource allocation.

PROGRAMME CONTENT

Modules
i. Corporate Treasury;

ii. Working Capital Management;

iii. Strategic Financial Risk Management;

iv. Financial Modelling.

 

Target participants

1. The course would be suitable for the following category of qualified professional accountants, CA, ACCA, CIMA, CPA, and Masters’ Degree holders.

2. Treasury and Financial Risk Management will benefit: Treasury Managers, Bankers, Risk Managers, Finance persons in religious organizations and all persons responsible for cash and liquidity management. The minimum entry requirement is a Masters’ Degree.


Duration: 10 Weekends (Saturdays only)

Venue Accra, ICAG Head Office, Accountancy House, East Legon

Date: 4th August – 6th October, 2018

Cost: GH¢3,500.00 per programme

Time: 8:00 am – 5:00 pm

Application forms can be obtained at the following locations:

  • Accra, ICAG Head Office, Accountancy House, East Legon
  • ICAG website: www.icagh.com

The deadline for registration is Friday, 27th July, 2018.

 

Payment Details:


BANK ACCOUNT NUMBER BRANCH

• Barclays Bank 0000002149286 High Street
• GCB Bank 1011130022905 High Street
• Ecobank 0134481289101 Okponglo

  Application forms can be obtained at the following locations:

  • Accra, ICAG Head Office, Accountancy House, East Legon
  • Cape Coast, ICAG Office, Cape Coast Technical University
  • Kumasi, ICAG Office, Nyarko Plaza, Ahodwo Roundabout, Ahodwo
  • ICAG website: www.icagh.com

For further enquiries, please contact:

Mr. John Hansen | Cell: 0208920373 |This email address is being protected from spambots. You need JavaScript enabled to view it.; This email address is being protected from spambots. You need JavaScript enabled to view it. |
Nana Akua Fabin | Cell: 0243551788 | This email address is being protected from spambots. You need JavaScript enabled to view it. |

The Chief Executive Officer

The Institute of Chartered Accountants-Ghana

P. O. Box GP 4268, Accra.

Tel: 054-4336701-2/027-7801422-4

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.     Website: www.icagh.com

 

Click Here to Download Registration Form & Timetable:

Registation  Form- 2018 Chartered Diploma 

Time Table - Forensic Audit 2018 

Time Table - Treasury & Financial Risk 2018