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Learning and Development as a route to A Reliable Accountant Amman – June 2013

Learning and Development as a route to A Reliable Accountant Amman – June 2013. Mohamed Yehia. Contents. 1. Introduction. ESAA . ESAA Membership. What ESAA offers? ESAA CPD system. ESAA plans. Conclusion. Introduction A high quality finance reporting . 2. Financial .

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Learning and Development as a route to A Reliable Accountant Amman – June 2013

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  1. Learning and Developmentas a routetoA Reliable Accountant Amman – June 2013

    Mohamed Yehia
  2. Contents 1 Introduction. ESAA. ESAA Membership. What ESAA offers? ESAA CPD system. ESAA plans. Conclusion.
  3. Introduction A high quality finance reporting 2 Financial A High Quality Financial Reporting A Reliable Accountant Needs Managerial Professional
  4. Introduction Cont.IFAC Code of Ethics 3 Professional competence may be divided into two separate phases. Attainment of professional competence ; and Maintenance of professional competence .
  5. Introduction Cont.Principle 4 Telling = Learning Telling & Showing = Learning Telling , Showing & Involving = Learning × ×
  6. Introduction Cont.Supply & Demand in Egypt 5 Education Market Supply Demand GAP Thousands of graduates in accounting Shortage in good accountants
  7. IntroductionCont. Qualification in Egypt 6 Training with Accounting Firms (A) 3 years (trainee) (B) 5 years (limited) (B) after 8 years (full) Exception ESAA Immediately after membership
  8. Special Registers 7 CBE CMA Insurance Real estate mortgage First Prerequisite Is membership of ESAA
  9. Egyptian Society of Accountants and Auditors (ESAA) 8 Established 1946 – Royal Decree. Now 1800 members. Training contract with ESAA’smember. Open now for non members approved firms.
  10. ESAA Philosophy ESAACont. 9 We atESAA Believe in & Insist on Professional Training
  11. ESAA Membership 10 Training contract Min. 1 ½ year Interim Min. 1 ½ year Final Professional Training 3 years CA, ACCA or CPA +2 EXAMS IN Egyptian laws & taxation University degree in Accounting Membership Professional Training 3 years Ph.D. in Accounting Professional Training 3 years
  12. ESAA Membership Cont.Exams 11 Interim Accounting - Principles Auditing - Principles Taxes – Principles Costing & managerial Accounting Law & Corporate Governance Final Accounting Auditing Taxes Finance Law & General Knowledge
  13. What ESAA Offers? 12 Before membership - Classroom training for candidates - On job training in member’s firms . - Text Books. After membership - CPD Courses - Workshops
  14. IFRS Dip Course What ESAA Offers Cont. 13 A joined diploma between ACCA & ESAA . ESAA arrange for the review course for around 14 weeks one day a week. ACCA arrange for the exam , grading and results. A joined certificate is issued .
  15. 14
  16. ESAA CPD System 15 Phase I Phase II Phase III Phase IV
  17. ESAA CPD System Cont. 16 (1)120 hours during three years with a minimum of 25 hours per year (2) Direct education must not be less than 70% and the indirect education must be within 30% .
  18. ESAA CPD System Cont. Examples of the Direct Professional Education 17 (a) The specialized training courses held by the society and/or accredited entities. (b) Attending conferences, seminars and symposiums that are related to the profession of accounting and auditing. (c)Participating in the technical committees that are related to the profession of accounting and auditing. (d) Preparing researches, lectures, and papers that are related to the profession of accounting and auditing.
  19. ESAA CPD System Cont. 18 Examples of the Direct Professional Education (A) Self-study Distance education courses watching video tapes that are related to the profession participating in computer educational programs . any other form of education that has no interactive communication and does not include evaluation process. (b) General Reading Reading articles that are related to the profession and published in the information sources. The said part must not exceed 50 % of the total indirect professional education.
  20. ESAA CPD System Cont. Examples of the Direct Professional Education Cont. 19 (3) Trainers shall have the number of continuous professional development hours but shall not exceed 50 % of the total continuous professional development . (4) Writers shall have a number of continuous professional development hours but shall not exceed 25 % of the direct education
  21. ESAA Plans 20 ESAA new building 4000 m2 ESAA Academy Training rooms in the new building can accommodate around 500 participants at the same time
  22. A Reliable Accountant 21 Good Judgment Practicing Experience CPD Professional Qualifications Academic Education Professional Training
  23. Presenter’s contact details Mohamed Yehia Board Member of ESAA Mohamedyehia@kpmg.com
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