Skip to main content

The Institute of Chartered Accountants (Ghana) (ICAG) Launches Revised Syllabus




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.

download new icag syllabus 

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 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 localized 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. A new Strategic Case study:  it is a 3 hour paper consisting of two case studies
Students will be provided with background details (advance information)
Students will be expected to familiarize themselves with the information provided about the organization 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.

download new icag syllabus

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 recognized 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 (info@icagh.com)
  • ·         Student Services Department (Head Office, Accra) on 0249011990 / 0288700102 (studentservices@icagh.com)
  • ·         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

Compiled by Alhassan Yusif Trawule (Partners in Learning Unit, ICAG)

Comments

Post a Comment

Popular posts from this blog

Ghana- Contract of UT Bank and Capital bank workers terminated

Pricewaterhouse Coopers (PwC) has commenced issuing letters to staff of former UT and Capital Banks. PwC is undertaking this exercise in its capacity as the receiver of the purchase and assumption agreement between GCB Bank and the two defunct banks. Information available to Citi Business News indicates that the letters are being served to all employees of the two affected banks. This is expected to affect about one thousand workers both of former UT and Capital banks. According to PwC, any claim of the workers in terms of salary arrears, wages, leave, severance pay and other entitlement will be dealt with in accordance with the provisions of the Labour Act, 2003 (Act 651) and the Banks and Specialized Deposit Taking Institutions Act, 2016 (Act 930). “Your contract of employment with UT has been terminated as a result of the receivership effective 14 August 2017. Any claim you have against UT such as arrears of salaries, wages, leave, severance pay and other entit...
Post a Comment
Read more

Free download, Best accounting book for beginners

Free download  Frank Wood's business accounting book pdf 1 and 2 from the link below   I have used several accounting books in my short journey of studying accounting for my professional exams and one of the books which helped me in getting the fundamentals of the subject is the Frank Wood's business accounting series written by Frank Wood & Alan Sangster . The book is self explanatory and good for those who want to study accounting on their own or doing an online study.  The tenth edition of Frank Wood's business accounting 1 and 2 can be downloaded from the link below Frank Wood's Business Accounting 2- 10th Edition   Frank Wood's Business Accounting 1-10th edition  
Post a Comment
Read more

Ghana-Northern Region Trade Fair 2017 launched

The Northern Region Office of Ministry of Trade and Industry (MoTI) is to organize the Northern Trade Fair 2017 to showcase emerging opportunities in the region for business to take advantage of. The event, scheduled for October 10 to October 14, 2017 is expected to bring together over 500 entrepreneurs, craftsmen, manufacturers, producers, service providers amongst other stakeholders to market their wares. It is being organized by MoTI in partnership with Universal Marketing Consultancy Limited and Dansyn Ghana Limited on the theme: “Harnessing the Emerging Business Opportunities in the North for Economic Development through Trade and Commerce.” Alhaji Alhassan Issahaku, Northern Regional Coordinating Director, who launched the event in Tamale on Wednesday, said “the region has a lot of potentials which businesses can exploit and we are positioning the private sector to take advantage and grow their business.” He said the fair formed part of efforts to repositi...
Post a Comment
Read more