Accounts Department

Courses


ACCA has a global reputation for producing professionally qualified accountants of the highest caliber. It offers certification for those who wish to become accountants, auditors and financial managers. At Oshwal College you will develop a range of skills and knowledge which will enable you to work in any aspect of finance, creating a world of opportunities for your future.

Student Registration is open to candidates who have any of the following qualifications:

  • A level (at least 2 principal passes)
  • Kenya Certificate of Secondary Education (KCSE) – mean grade of C+ as well as a C in both English and Mathematics
  • CPA Part 1 holders
  • Accounting Technician Course (ATC) Intermediate and Final
  • Degree from a recognised university
  • ACCA Foundation in Accounting (FIA) course certificate
  • IGCSE 6 credits including English and Mathematics and GCE 3 B’s

Exemptions

Students holding University Degrees are eligible for exemptions

  • Relevant Degrees: e.g. Bachelor of Commerce (Accounting Option)
  • EXEMPTION: Knowledge papers
  • Non-relevant Degrees: e.g. Bachelor of Science or Arts & ATC final
  • EXEMPTION: Two papers in Foundation Stage

ACCA exemptions are subject to confirmation by ACCA.

The course is divided into three parts:

Fundamentals Level

It consists of two modules:

Knowledge module:

The Knowledge module has three subjects that introduce students to the core areas of financial and management accounting. It provides the platform from which other technical accountancy areas are studied in greater detail in the Skills module.

  • F1 Accountant in Business
  • F2 Management Accounting
  • F3 Financial Accounting

Skills module:

The Skills module contains six subjects which comprehensively cover the main technical areas that accountants, regardless of their future career aspirations, are expected to master. These comprise law, performance management, taxation, financial reporting, auditing, and financial management.

Skills

(Optional BSc)

  • F4 Corporate and
  • Business Law
  • F5 Performance
  • Management
  • F6 Taxation
  • F7 Financial Reporting
  • F8 Audit and Assurance
  • F9 Financial Management

Professional Level

The focus at this level is to build upon the technical skills already acquired and explore more advanced professional skills, techniques, and values that are required and used by the expert accountant in an advisory or consultancy role at senior level.

It consists of two modules:

Essentials module:

The Essentials module has three papers that are compulsory.

Professional

(Optional MSc)

  • P1 Governance, Risk and Ethics
  • P2 Corporate Reporting
  • P3 Business Analysis

Options module:

The Options module contains four papers which are directly underpinned and supported by their equivalent within the Skills module. Students select two out of four according to their chosen or anticipated field of work.

 Options (Pick Two)

  • P4 Advanced Financial Management
  • P5 Advanced Performance Management
  • P6 Advanced Taxation
  • P7 Advanced Audit and Assurance

Oxford Brookes University of U.K., founded in 1865 has an international reputation for quality. It awards B.Sc. in Applied Accounting degree to ACCA finalists upon completion of a project. The ACCA student is awarded this degree while studying ACCA in his/her own country.

Mode of Study

Full-time courses

  • 1st semester – early January to early May
  • 2nd semester – early July to early November

Evening Courses

  • 1st semester – early January to early May
  • 2nd semester – early July to early November

Registration Deadline Dates

June examinations:

  • 8th March early exam entry
  • 8th April standard exam entry
  • 8th May late exam entry

December examinations:

  • 8th September early exam entry
  • 8th October standard exam entry
  • 8th November late exam entry

http://www.accaglobal.com/students/acca/info/

Note: ALL Enrolled students are given Study Text Books and Revision Kits from ACCA’s recommended   publishers.

Foundations in Accountancy are a suite of accountancy awards from ACCA for those wanting to start a career in accounting and finance. If you are a recent school leaver, have no accounting experience or do not have the required academic standard to begin ACCA you should start on the FIA route.

Entry requirements:
None for students registered for Foundations in Accountancy.

Work experience:
None for those registered for Foundations in Accountancy.

It consists of 3 papers:

  • Foundations in Accountant in Business. (FAB)
  • Foundations in Management Accounting. (FMA)
  • Foundations in Financial Accounting. (FFA)

Mode of Study

  • 1st Semester – January to June intake
  • 1st Semester – March to June intake
  • 2nd Semester – July to November
  • 2nd Semester- September to November intake

If you are finance professional who is not already knowledgeable about the details of International Financial Reporting Standards (IFRS), this qualification has a fast and efficient solution to meet your needs. If you need to develop a working knowledge of the area, the DipIFR can help prepare you.

The course is designed to develop your knowledge and understanding of International Financial Reporting Standards. You will also learn how to apply them, as well as the concepts and principles which underpin them.

http://www.accaglobal.com/gb/en/qualifications/glance.html

Entry requirements

Professional accountants and auditors working in practice and industry and qualified in national accounting standards are eligible to take the qualification.

Practitioners not yet qualified, but who can verify the following, are also eligible:

  • Two years’ relevant accounting experience and a relevant degree (attracting at least ACCA qualification exemptions F1-F4)
  • Two years‘ relevant accounting experience and an ACCA Certificate in International Financial Reporting
  • Three years’ relevant accounting experience
  • ACCA affiliate status

Work experience: None involved in qualifying, but the qualification is designed to accompany relevant work.

On completion of the Diploma candidates should be able to:

  • understand, explain and apply the IASB’s Conceptual Framework for Financial Reporting
  • apply relevant financial reporting standards to key elements of financial reports
  • identify and apply disclosure requirements for companies in financial reports and notes
  • Prepare group financial statements (excluding group cash-flow statements) including subsidiaries, associates and joint arrangements.

Number of exams:

One written exam 

How long does it take?

Three to six months.

New intakes:

New intakes in the months of January and July every year

The Certified Public Accountant (CPA) examination is intended for those students who wish to qualify and work as professional accountants, auditors, finance managers, tax specialists and financial consultants.

Holders of final CPA certificate are eligible for admission to pursue Masters and other higher degrees in reputable universities all over the world.

At Oshwal College you will develop a range of skills and knowledge which will enable you to work in any aspect of finance, creating a world of opportunities for your future.

The CPA Examination is held twice yearly in June and December. The examination is divided into three parts each comprising two sections, making a total of six sections in all. A student may attempt two sections of a part together or separately in the ascending order but before proceeding to the next part, a candidate must pass the lower part.

  • KCSE mean grade C+ with a minimum grade C+ in both English and Mathematics.
  • Advanced education (A level) certificate with 2 principal passes and credits in Mathematics and English at secondary education level.
  • KASNEB technician or professional examination certificate.
  • A degree from a recognised university.
  • Such other certificates or diplomas as may be approved by KASNEB.

CPA PART I

Section 1

  • Financial Accounting
  • Commercial Law
  • Entrepreneurship and Communication

Section 2

  • Economics
  • Management Accounting
  • Public Finance and Taxation

CPA PART II

Section 3

  • Company Law
  • Financial Management
  • Financial Reporting

Section 4

  • Auditing and Assurance
  • Management Information Systems
  • Quantitative Analysis

CPA PART III

Section 5

  • Strategy, Governance and Ethics
  • Advanced Management Accounting
  • Advanced Financial Management

Section 6

  • Advanced Public Finance and Taxation
  • Advanced Auditing and Assurance
  • Advanced Financial Reporting

Initial student registration deadlines

  • 15th August for December exams.
  • 15th February for June exams.

Note: Late registration may be accepted up to one month after the normal closing date on payment of late registration fee, which is an additional 50% of the normal registration fee.

New intakes:

New intakes in the months of January and July every year

Initial student registration deadlines

  • 15th August for December exams.
  • 15th February for June exams.

Note: Late registration may be accepted up to one month after the normal closing date on payment of late registration fee, which is an additional 50% of the normal registration fee.

ACA Training In Kenya

The ICPAK on September 9, 2011 joined hands with the Institute of Chartered Accountants of England and Wales (“ICAEW”) in signing a Memorandum of Understanding that will facilitate recognition of CPA brand within the United Kingdom and the wider network already created by ICAEW.

The ACA is valued and recognised throughout the world in practice, business and government. Holding both the CPA and ACA qualifications is a guarantee of your professional competence and financial intelligence, and gives you the work experience and skills the business world demands. Once you are qualified as an ICAEW Chartered Accountant, you are entitled to use the prestigious letters, ACA, after your name. The ACA from ICAEW is your passport to a successful career anywhere in the world.

Oshwal College is accredited as a tuition provider for the Associate Chartered Accountant (ACA) qualification administered by The Institute of Chartered Accountants in England and Wales (ICAEW).

Who can study the ACA- ICAEW PROGRAMME?

  • Members of the Institute of Certified Public Accountants of Kenya (ICPAK) who have obtained ICPAK membership
  • Study for the ACA under a training agreement with an organization that is an ICAEW authorized training employer

Register with ICAEW

  • ICPAK member, automatically awarded credit –(exemptions) from 12 of the 15 ACA exam modules
  • ICPAK Practicing Certificate you will be awarded credit for one year work experience (including 150 days technical work experience)

How is the ACA structured?

The ACA is a combination of exams, practical work experience, professional development and ethics training.

Members of the Institute of Certified Public Accountants of Kenya (ICPAK) qualify for credits for prior learning for the first 12 of the ACA’s 15 exam modules.

This means to qualify as an ICAEW Chartered Accountant, ICPAK members need to:

  1. pass the ACA’s three Advanced Level examinations;
  2. complete three years practical work experiencewith an ICAEW authorised training employer (two years if you hold an ICPAK Practising Certificate);
  3. complete ICAEW’s professional developmentrequirements; and
  4. Complete ICAEW’s online ethics 

Why ACA for ICPAK members?

  • Exemptions from 12 papers (From 15 papers)
  • Premium quality recognition
  • Respected as the qualification for business leaders

The ACA Programme – For ICPAK MEMBER

Advanced Level only

  • Corporate Reporting
  • Strategic Business Management
  • Case Study

New intakes:

New intakes in the months of January and July every year

 Credit for prior learning

Currently ICPAK members are exempt from paying credit for prior learning (CPL) fees. This offer is available for a limited period of time.

Exams and Exam applications

Exams are held in Nairobi. For Advanced Level exams you will book via your online training file. Admission details for your exam will be listed immediately after booking in the application summary page of your online training file.

  • ACA student must apply online for each of the exams.
  • The ACA exams you need to sit and pass are held in July and November each year

The CFA Institute is best known for developing and administering The Chartered Financial Analyst (CFA) ® curriculum and exams and issuing the CFA charter. Established in 1962, the program sets the global standard for investment knowledge, standards and ethics.

One is eligible to earn the credential after passing a series of three sequential, six hour exams over at least two years, working as an investment professional for a minimum of 3 to 4 years and committing to abide by the CFA Institute Code of Ethics and Standards of Professional Conduct. The CFA Institute of USA., established in 1962 has an international reputation for setting the highest standards of ethics and professional excellence.

The program’s professional conduct requirements demand that both CFA candidates and charter holders adhere to the highest standards of ethical responsibility. Upholding ethical standards are as much part of holding the CFA designation as passing the examinations.

A student must have:

  • A bachelor’s degree or be in their final undergraduate year at the time of registration.
  • At least 4 years of qualified professional work experience.

To register for the course at Oshwal College, all interested students should bring the following:

  • 2 passport size photographs,
  • Original and photocopies of relevant academic and professional certificates
  • A copy of National ID and a passport.

CFA Examination Registration

  • Register for CFA exam either online or print and fill the necessary forms. Sign and complete; the Professional Conduct Inquiry & the terms of the Candidate Responsibility Statement. Pay the required fees.
  • Sequentially pass the three Level’s exams.
  • Join CFA institute as a member. Provide current completed sponsor forms. Sign and complete the Professional Conduct Statement. Exhibit a high degree of ethical and professional conduct. Apply for membership with a CFA Institute member society

The CFA programs curriculum reflects a body of knowledge that is grounded in practice and maintains current relevance through a regular, extensive survey of practicing CFA charter holders. This Candidate Body of Knowledge consists of 10 general topic areas that provide a framework for making investment decisions.

Topic areas for CFA examinations

  • Ethical and Professional Standards (total)
  • Quantitative Methods
  • Economics
  • Financial Statement Analysis
  • Corporate Finance
  • Investment Tools (total)
  • Analysis of Equity Investments
  • Analysis of Fixed Income Investments
  • Analysis of Derivatives
  • Analysis of Alternative Investments
  • Asset Valuation (total)
  • Portfolio Management (total)

Total of 10 topic areas are grouped into 4 functional areas:

  • Ethical and Professional Standards,
  • Investment Tools,
  • Asset Valuation and
  • Portfolio Management.

The CFA examinations have always focused on testing investment tools at Level 1, asset valuation (security analysis) at Level II, and portfolio management at Level III. This structure is the logical progression of the investment progress: A practitioner needs to master investment tools to apply those tools to security valuation, and securities need to be valued and then analyzed in a risk-return port-folio context. Because integrity must be exercised throughout the investment process, CFA Institute has emphasized ethical and professional standards at each level.

New intakes:

New intakes in the months of January and July every year