Zambia Institute of Chartered Accountants
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Type | Professional association |
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Purpose | Encourage professionalism in accountancy in Zambia |
Official language | English |
Website | http://www.zica.co.zm/ |
The Zambia Institute of Chartered Accountants (ZICA) is the only professional
Structure
Current ZICA Council members
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Established under the Accountants Act of 1982 (CAP) 390, ZICA is managed by a Council consisting of 12 members of which 10 are elected by members at the AGM and 2 are nominated by the Minister of Finance and National Planning.
Accountancy Programme
The ZICA Accountancy Programme was introduced in 2007 and has since received international acceptability with the endorsement of the
Knowledge: Comprises six subjects that prepare one for clerical accounting work, usually carried out by Accounts Assistants. 1.1– Financial Accounting 1.2 – Business Statistic. 1.3 – Business Economics 1.4 - Commercial & Company Law 1.5 – Management theories and Practice 1.6 – Business Communication
Application Level: The intermediate stage covers five subjects. It prepares the student for general accounting work carried out by middle management accounting officers. 2.1 – Financial Reporting 2.2 – Management Accounting 2.3 – Auditing 2.4 - Taxation 2.5 - Financial Management.
Advisory Level: The final stage that covers five subjects and prepares the student for high level advisory accounting work usually carried out by Chief financial officers. Holders of an accounting professional qualification may enter this level directly.[3] P3.1 – Advanced Financial Reporting 3.2 - Advanced Audit & Assurance 3.3 - Strategic Business Analysis 3.4 - Advanced Taxation 3.5 – Advanced Management Accounting 3.6 – Advanced Financial Management 3.7 - Public Sector Audits and Assurance 3.8 - Public Sector Financial Management
The Advisory has three compulsory papers that is; 3.1, 3.2 and 3.3. The other subjects are divided into three routes namely; Business route comprising 3.5 & 3.6 Public Practice route comprising 3.4 & 3.7 Public Sector route comprising 3.7 & 3.8 The CA status is designated after successful completion of examinations and compulsory three-year practical training under the mentorship of a Chartered Accountant either at Associate or Fellowship Status. The examination does not consist of Continuous Assessment.
References
- ^ "Zambia Institute of Chartered Accountants". ICAN. Retrieved 30 June 2011.
- ^ "NBAA BECOMES A MEMBER OF THE PAN AFRICAN FEDERATION OF ACCOUNTANTS (PAFA)" (PDF). NBAA. Retrieved 11 June 2011.