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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)

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