mohamed yehia. contents introduction. esaa. esaa membership. what esaa offers? esaa cpd system. esaa...
TRANSCRIPT
Learning and Developmentas a route
toA Reliable Accountant
Amman – June 2013
Mohamed Yehia
Contents
• Introduction.• ESAA.• ESAA Membership.• What ESAA offers?• ESAA CPD system.• ESAA plans.• Conclusion.
1
Introduction A high quality finance reporting
2
A High Quality
Financial Reporting
Needs A Reliable Accountant
Financial
Managerial
Professional
Introduction Cont. IFAC Code of Ethics
Professional competence may be divided into two separate phases.(a) Attainment of professional competence ; and(b)Maintenance of professional competence .
3
Introduction Cont. Principle
Telling = Learning
Telling & Showing = Learning
Telling , Showing & Involving = Learning
4
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Introduction Cont. Supply & Demand in Egypt
Education Market
Supply Demand
Thousands of graduates in
accounting
Shortage in good accountants
GAP
5
Training with
Accounting Firms(A )3 years (trainee)
(B )5 years (limited)
(B )after 8 years (full)
ESAAImmediately after membership
Exception
Introduction Cont.
Qualification in Egypt
6
• CBE
• CMA
• Insurance
• Real estate mortgage
Special Registers
FirstPrerequisiteIsmembership of ESAA
7
Egyptian Society of Accountants and Auditors (ESAA)
• Established 1946 – Royal Decree.
• Now 1800 members.
• Training contract with ESAA’s member.
• Open now for non members approved firms.
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ESAA PhilosophyWe at ESAA
Believe in &
Insist on
Professional Training
ESAA Cont.
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Professional Training 3 years
ESAA Membership
Training contract
Min. 1 ½ year Interim Min. 1 ½ year Final
Mem
bers
hip
Uni
vers
ity d
egre
e in
Acc
ounti
ng
Ph.D. in Accounting
CA, ACCA or CPA +2 EXAMS IN Egyptian laws & taxation Professional Training 3 years
Professional Training 3 years
10
ESAA Membership Cont.Exams
Interim• Accounting - Principles• Auditing - Principles• Taxes – Principles• Costing & managerial Accounting• Law & Corporate Governance Final• Accounting• Auditing• Taxes• Finance• Law & General Knowledge
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What ESAA Offers?
• Before membership- Classroom training for candidates - On job training in member’s firms .- Text Books.
• After membership- CPD Courses- Workshops
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IFRS Dip Course• 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 .
What ESAA Offers Cont.
13
14
ESAA CPD System
Design Update Accredit
Circulate Remind Receive summary Follow up Report
Select Inform Receive documents Review Report
BOD Sanctions
Phase I
Phase II
Phase III
Phase IV
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(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% .
ESAA CPD System Cont.
16
Examples of the Direct Professional Education
(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.
ESAA CPD System Cont.
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(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.
Examples of the Direct Professional Education
ESAA CPD System Cont.
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(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
Examples of the Direct Professional Education Cont.
ESAA CPD System Cont.
19
ESAA Plans
•ESAA new building 4000 m2
•ESAA Academy
TRAINING ROOMS IN THE NEW BUILDING CAN ACCOMMODATE AROUND 500 PARTICIPANTS
AT THE SAME TIME
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A Reliable Accountant
Academic Education
Professional Training
Professional Qualifications
Prac
ticing
CPD Experience
Good Judgment
21
