INNOVATION IN TEACHING & LEARNING OVERVIEW PURPOSE ADVOCACY OBJECTIVES ACCREDITATION STANDARDS. Application for International Accreditation

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2 OVERVIEW CIAA USA is one of the best institutes and centres of excellence in accounting, auditing and financial in the world. CIAA exists to lead and serve the Accounting, Finance and Auditing profession and is a highly influential and respected association in the global marketplace. PURPOSE The primary purpose of professional accreditation of higher education accounting programs is to assure the quality of educational programs, their providers and to promote improvements in accounting, finance and auditing education quality. CIAA USA and AIAL UAE share a common overall vision for accreditation, as explained in this section of the guidelines. This section is written jointly by CIAA USA to explain the overall philosophy, objectives, expectations and pre-requisite knowledge requirements for accreditation of accounting, finance and auditing degrees. OBJECTIVES There are four objectives of CIAA USA that aim to achieve via the professional accreditation of higher education accounting programs:. Ensure the technical content of each program provides essential disciplinary depth for graduates to enter the respective professional programs offered by the Professional Bodies respectively.. Ensure the existence of a quality assurance framework for higher education providers who develop and deliver higher education accounting programs.. Encourage innovation in teaching and learning with particular focus on integrating the development of critical thinking, ethical judgment and communication skills of graduates.. Advocacy aimed at ensuring the sustainability of accounting education and its response to evolving needs of the profession. INNOVATION IN TEACHING & LEARNING In the interests of meeting the evolving needs of the accounting profession, the CIAA USA continues to encourage this type of innovation. Non-technical skills such as critical thinking, ethical judgement and communication skills are highlighted by the profession as being essential accounting graduate attributes. CIAA USA will assist wherever possible in providing resource links between academia and the profession in terms of program development and delivery to achieve desired graduate attributes. ADVOCACY Whilst not a formal part of the program accreditation process, the CIAA USA will use information gained via the process to continue to lobby government to: recognise the importance of education services increase real spending on higher education Provide incentives to attract and retain appropriately qualified people into accounting education. ACCREDITATION STANDARDS The CIAA USA has jointly developed the accreditation standards against which the quality of higher education accounting programs and their providers will be assessed. Professional accreditation of a program signifies that the program and provider have been assessed as meeting the standards and that the program provides the graduate students with the knowledge, skills and professional attributes necessary to practice the accounting, finance and auditing profession. A School of Accounting seeking professional accreditation of their accounting courses must demonstrate that it satisfies, or is capable of satisfying, all of the accreditation standards. Where it does not satisfy a standard, it must set out its plans to meet the standard. This may apply particularly to new and evolving schools.

3 SECTION I: Institute Information Institute Name (as per license): Address: PO BOX: City: Telephone: Activities: Street: Country: Fax: Website (if any): SECTION II: Main Contact Contact Person: Designation: Telephone: Mobile: Fax: SECTION III: Training Resources A. Certified Accountants and Auditors Employed by the Firm: Please give the number of Certified Accountants and Auditors employed by the firm in the following broad categories: Partner or Executive Director Manager/Accountant /Auditor Total Financial Accounting Financial Management Management Accounting Auditing Taxation Other Total SECTION IV: Training Organization Structure A. What are the reporting relationships of those who will be involved in training student accountants? B. Are the premises and working environment conducive to the development of professional attitudes by student accountants? Please give reasons for your conclusion.

4 SECTION V: Assessment of your Firm s Ability to Meeting Training Requirements In this section you are required to complete a self-assessment of your firm's ability to offer training in core topics. Levels of experience Please give your estimate of the highest level of experience a student accountant/auditor will obtain in each topic if he is trained in your office for the full duration of his training contract. 0 = No experience. = Occasional elementary practical experience, or attendance at a formal training course. = Advanced but still limited practical experience, or elementary practical experience frequently repeated. = Advanced practical experience frequently repeated. = Supervision of the work of subordinates. Mode of Training Please tick the mode whereby student accountants will obtain experience in each topic. Leave the relevant space(s) blank if experience in a particular topic cannot be obtained in your office. TC = a formal training course mounted either by the firm or by an outside institution. PE = practical experience (in a practising firm) *A "formal training course" is a formal study programme monitored by a training organisation. It may be taught either fact-to-face or by distance learning methods. It should incorporate case studies simulating conditions and factors which a successful Certified Accountant/Auditor experiences in business and should also incorporate a formal evaluation of the course and the student's performance on it.

5 A. FINANCIAL ACCOUNTING Level of Experience Level of Experience Mode of obtaining FINANCIAL ACCOUNTING Required (0 to ) Obtainable (0 to ) Experience (PE or TC) Manual accounting records - recording financial transactions Computerised accounting records - recording financial transactions Preparation of financial statements including consolidations Analysing financial statements, and budgeting. Budget and performance analysis. Forecasting profit and cash flow. Design and installation of accounting, management information and control systems Preparing accounts of liquidators, trustees, executors and administrators Processing foreign exchange transactions B. FINANCIAL MANAGEMENT Financial modelling Managing current assets Financing business enterprises Valuation of business enterprises - non-fiscal valuations Evaluating investment proposals Choosing and obtaining sources of finance. Preparing investigation/planning reports Reconstruction of business enterprises Managing borrowings, cash and other liquid resources Formulating corporate structures and business plans

6 C. INTERNAL AUDITING Planning, controlling and recording Assessing adequacy of accounting systems Evaluating internal control systems Testing internal controls Drafting Internal Audit Reports D. MANAGEMENT ACCOUNTING Preparation of management reports including periodic sales, and profit figures Budgetary control including planning and control procedures, compilation of budgets for production, marketing, distribution, research and development, administration, capital expenditure etc. Costing including reporting and setting price and quantity standards, computation and interpretation of variance. Analysis of labour costs, treatment of overheads, marginal costs, break-even analysis, standard and job costing, cost reduction programmes, pricing policy. Forecasting for management decision making including collection of information, assessment of new projects, capital expenditure assessment, appraisal and monitoring of performance evaluation, cash flows and profit forecasts. SECTION VI: Documents Please attach the following documents with this application form: Trade License Passport or national id copy of the authorized person who will sign this form Company/Institute profile Bank transfer or proof of payment 5

7 SECTION VII: Declaration I undertake to act in the capacity as Training Partner in accordance with the applicable by laws, guidelines and requirements of the Chartered Institute for Accounting & Auditing (CIAA USA). Full Name: SIGNATURE & COMPANY STAMP (Person duly authorised to act on behalf of the organisation) DATE SECTION VII: Fees Please pay the accreditation fees to Middle East Chapter of CIAA USA Arab Institute for Accountants & Legal (AIAL). Total Fees to pay: Amount in Words: Currency: Payment Method Cash (Please visit the Institute if payment is cash.) Cheque (Current dated only. Attached scanned copy of cheque, your address and inform us to collect it.) Bank Transfer (Please attached transaction copy along with this form.) Bank Details: Account Name: Arab Institute Account No: IBAN No: AE Bank Name: Emirates Islamic Bank Branch: Al Rigga, Deira Dubai UAE Swift Code: MEBLAEAD 6

8 AIAL Middle East Chapter Arab Instit te for Accountants & Legal 5 6 TOLL FREE: 800 A I A L M E Tel: Fax Mob: ciaa@aialme.com Web: Office 00 Al Rigga Business Center Ibis Hotel Bldg., Al Rigga Road, Deira Dubai, United Arab Emirates AL RIGGA ROAD Al Rigga Metro EXIT (West) Ramee Hotel IBIS HOTEL AIAL building Emirates Islamic Bank Bldg. KFC