Institute of Business Studies

A Leader in Professional Studies

If you are serious about your career

then its time to meet IntercollegeIBS!

Institute of Business Studies

Experts in your development

Welcome
Dear Students and Clients, It is with great pleasure that I welcome you to IntercollegeIBS, the pioneer in education and training required by professionals in Romania. With continuous growth and change in the business world, more and more organizations are paying attention to the skills and abilities of their staff. Professionals are constantly faced with increasing expectations in quality and standards; employee knowledge and skills are therefore considered to be critical aspects in attaining competitive advantage for any organization. The list of individuals who have preceded you in one of our programs includes Chairmen, CEOs, CFOs, Directors and Partners of the top financial, investment, accounting and auditing firms and the major international banks and multinational companies. IntercollegeIBS offers both academic programs and professional training for the business and financial services sector. We strongly believe that by completing one of our qualifications, we will provide you with the opportunity for enhanced knowledge and application. The pursuit of any one of IntercollegeIBS programs, whether that is an Executive MBA, the ACCA, the ACA, the CFA, the CIA, the CIPR, or the DipIFR, requires a tremendous investment of time and effort. These programs are not for everyone! We welcome the opportunity to provide you with further information about our organization and the programs we offer. Please do not hesitate to contact us at anyone of our centres in Romania, Cyprus or Greece.

Odysseas Christodoulou Chief Executive Officer

Bun venit
Stimai parteneri, Avem plcerea de a v prezenta oferta de programe academice i de pregtire profesional pentru sectorul financiar-bancar i al afacerilor. IntercollegeIBS Romania organizeaz, n prezent, urmtoarele tipuri de cursuri:
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Programe de training pentru sectorul financiar-bancar - Oferta cuprinde peste 30 de tematici de actualitate, cum ar fi: Fundamentals of Banking; Customer Relationship Management; Credit Risk Management; Fraudulent Activities in Banks; Accounting for Non-accountants; Prevention of Money Laundering and Related Issues etc. - Lectorii sunt specialiti cu experien financiar-bancar din Cipru, Grecia, Luxembourg, Romnia i Statele Unite ale Americii Programe de pregtire n vederea obinerii de certificri internaionale: ACCA, ACA, CIA, CIPR Master of Business Administration (MBA) cu specializri n Management Financiar, Marketing, Management Information Systems, Management de Proiecte, n parteneriat cu City University of Seattle i University of Nicosia.

n viitorul apropiat, IntercollegeIBS intenioneaz s organizeze i programe universitare tip bachelor, cu specializarea Administrarea Afacerilor, prin colaborarea a dou universiti de prestigiu din Europa i SUA: University of Nicosia i City University of Seattle, cu posibilitatea obinerii a dou diplome internaionale simultan, european i american. Suntem bucuroi s v oferim informaii suplimentare privind programele organizate de institutul nostru.

Conf. dr. Radu Rdu Director pentru Romnia

IntercollegeIBS

Contents
Page 1 2 2.1 2.2 2.3 3 3.1 3.2 3.3 3.4 3.5 4 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5 5.1 5.2 5.3 5.4 5.5 5.6 5.7 6 6.1 6.2 6.3 6.4 6.5 7 7.1 7.2 7.3 7.4 7.5 7.6 7.7 Introducere IntercollegeIBS Introduction Tutors How to contact us 6-7 9 8 8.1 8.2 8.3 8.4 8.5 8.6 8.7 9. 9.1 9.2 9.3 9.4 9.5 9.6 10 10.1 10.2 10.3 10.4 10.5 10.6 14-15 11 11.1 11.2 11.3 11.4 11.5 12 12.1 12.2 12.3 12.4 12.5 12.6 12.7 13 The CIA Programme Introduction Course Objectives Entry Requirements Course Duration The CIA Course Structure Important Dates Examination Rules 18-19 The CFA Programme Introduction Course Objectives Entry Requirements Course Duration The CFA Course Structure Important Dates Examination Rules The CMA Programme Introduction Course Objectives Course Structure Entry requirements Examination Rules Important Dates The DipIFR Programme Introduction Course Objectives Assessment Entry Requirements Important Dates Course Details The CIPR Programme Introduction Course Objectives Entry Requirements Course Structure and Details Assessment The DipFM Programme Introduction Course Objectives Entry Requirements Course Duration Important Dates Course Structure Examination Rules The IAS & IFRS Short Courses:
International Accounting Standards & International Financial Reporting Standards (In-house & Open seminars) 28-29

Page 20-21

MBA Programme of the University of Nicosia 10-11 MBA Program Accreditation MBA Program Structure Specialization Electives Admission Requirements Course Duration The ACCA Programme Introduction Course Objectives Entry Requirements Course Duration The ACCA Course Structure Important Dates Examination Rules Ethics Earn a BSc from Oxford Brookes University (UK) while studying for ACCA The ICAEW Programme Introduction Course Objectives Entry Requirements Course Duration The Course Structure Important Dates Examination Rules 12-13

22

23

25

26-27

The CFAB Programme 17 Introduction Course Objectives Entry Requirements and credits for prior learning Course Structure Examination Rules

13.1 Introduction 13.2 The IASs/IFRSs Courses of IntercollegeIBS 14 Other Short Courses for the Financial Services Sector 14.1 Introduction 14.2 List of Courses Offered 14.3 Details on Courses 30

IntercollegeIBS

1. Introducere
IntercollegeIBS ofer programe academice i de pregtire profesional, pentru sectorul financiar-bancar i al afacerilor. Absolvirea acestor programe certificate confer posibilitatea mbuntirii cunotinelor, cu strict aplicabilitate practic. Certificrile internaionale obinute n urma absolvirii programelor oferite de IntercollegeIBS sunt de cel mai nalt nivel i se adreseaz celor care doresc s devin profesioniti de succes. IntercollegeIBS este un deschiztor de drumuri n nvmntul profesional din Cipru i din alte ri. ncepnd cu 2007, IntercollegeIBS ofer aceste programe i n Romnia, avnd ca obiectiv dezvoltarea i furnizarea de training specializat, n vederea asigurrii succesului la examinrile pentru obinerea certificatelor internaionale i pentru creterea competenelor profesionale. Cea mai recent evoluie a programului ACCA ofer studenilor oportunitatea de a obine o diplom de tip Bachelor in Science Honours n Contabilitate Aplicat, n timpul studiului pentru calificarea ACCA.

Programul ICAEW Institute of Chartered Accountants in England and Wales (ICAEW)

Institute of Chartered Accountants in England and Wales este cel mai vechi si cel mai mare organism de contabilitate din Europa, numarand mai mult de 100.000 de membrii; ICAEW atrage, in fiecare an, multi studenti care doresc sa devina contabili calificati. Calificarea Chartered Accountancy porneste de la punctele forte traditionale ale profesiei de contabil, concentrandu-se in acelasi timp pe cerintele moderne ale mediului de afaceri. Cursul ofera fiecarui participant experienta financiara si tehnica necesara pentru dezvoltarea unei cariere in contabilitate/audit, in cadrul unei organizatii guvernamentale, in cadrul sectorului bancar sau in cadrul orcarui tip de companie locala sau internationala.

Programe MBA
Programele Master in Business Administration oferite de University of Nicosia - Cipru confer participanilor abilitile manageriale necesare pentru luarea deciziilor pe termen scurt sau pe termen lung. Programele MBA oferite de IntercollegeIBS se structureaz pe patru specializri:
I Finance I Management I Management-ul Sistemelor Informatice -

Programul CFAB Certificate in Finance, Accounting and Business (CFAB)

CFAB este o calificare recent oferit de ICAEW, destinat persoanelor care lucreaz sau doresc s ii dezvolte o carier n domeniul afacerilor. Programul furnizeaz cunotine fundamentale i eseniale n finane, contabilitate i administrarea afacerilor, constnd din 6 module: Business and Finance, Management Information, Accounting (obligatoriu), Law, Assurance i Principles of Taxation. Beneficiile acestui program sunt urmtoarele:
I certificatul poate fi obinut n maxim 1 an; I ofer cunotine fundamentale n domeniile finanelor,

Management Information Systems (MIS).

I Marketing

Din 2008, oferta de Programe MBA s-a mbogit prin parteneriatul cu City University of Seattle (C.U) - SUA. C.U este prezent n Romnia de peste 10 ani prin Programul MBA - Financial Management, la care s-a adugat specializarea Marketing (cu accent pe sectorul serviciilor financiar - bancare).

contabilitii i afacerilor;
I nu sunt necesare studii universitare, ci numai liceale; I pentru cei care au absolvit studii universitare de profil,

Programul ACCA Association of Chartered Certified Accountants Asociaia Contabililor Autorizai Certificai
Fondat n 1904, The Association of Chartered Certified Accountants este un organism profesional independent al Contabililor Autorizai din Marea Britanie, fiind cea mai mare organizaie de acest tip care opereaz la nivel internaional. Programul ACCA nu nseamn numai dobndirea de cunotine de contabilitate. Participanii vor deprinde o gam ntreag de abiliti i cunotine legate de finane, fiscalitate, audit, management, drept, bnci, economie i sisteme informatice.
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se pot acorda excepii pentru 5 din cele 6 module (modulul Accounting este obligatoriu); I cei care obin certificatul pot continua studiile pentru obinerea Diplomei ACA, prin ICAEW; I examenele pentru fiecare modul sunt de tipul Computer based; I modulele pot fi urmate n orice ordine.

Programul CIA Certified Internal Auditor- Auditor Intern Certificat

Programul Certified Internal Auditor (CIA) se adreseaz profesionitilor care doresc s obin cea mai

prestigioas certificare internaional n Audit Intern. Cursul de pregtire n vederea obinerii certificatului CIA se bazeaz pe cerine detaliate ale curriculei/ tematicii CIA i conduce la obinerea titlului de Certified Internal Auditor acordat de Institutul Auditorilor Interni - Institute of Internal Auditors (IIA) din Statele Unite ale Americii.

Parcurgerea programului Diploma n Relaii Publice ofer participanilor nsuirea noiunilor teoretice i practice necesare unor adevrai profesioniti ai PR-ului. Programul prezint rolul strategic i funcia de management a relaiilor cu publicul, dezvoltnd n acelai timp i abilitile de punere n practic a conceptelor studiate.

Programul CFA Chartered Financial Analyst Analist Financiar Autorizat

Programul a fost lansat n 1963, cnd 268 de analiti de investiii financiare au devenit prima promoie de CFA. De atunci, CFA Institute a organizat aproape 40.000 de examinri CFA i peste 35.000 de profesioniti din domeniul investiiilor i-au ctigat dreptul de a folosi titlul. Printre clienii notri se numr muli directori din sectorul investiiilor, din domeniul bancar, din alte corporaii industriale i din sectorul public. Pentru profesionitii din domeniul managementului investiiilor obinerea CFA reprezint recunoaterea de cel mai nalt standard.

Diploma DipFM Diploma n Management Financiar oferit de Asociaia Contabililor Autorizai Certificai (ACCA)
Aceast certificare se adreseaz cu precdere celor care dein poziii de management n departamentele financiare. Obinerea DipFM ofer competenele manageriale necesare celor care dein funcii de conducere. Managerii sunt din ce n ce mai mult responsabili pentru administrarea profitului i de aceea au nevoie de un nivel de inelegere financiar similar cu cel al contabililor certificai. Programul rspunde acestor cerine printr-o gam variat de teme (subiecte), care i ajut pe manageri s ineleag informaia financiar dar i s fac conexiuni cu alte decizii strategice importante.

DipIFR Diploma n Raportare Financiar Internaional

Diploma n Raportare Financiar Internaional (DipIFR), oferit de ctre ACCA, furnizeaz profesionitilor soluii pentru a veni n ntmpinarea schimbrilor permanente din domeniul contabilitii. DipIFR dezvolt cunotinele legate de IAS & IFRS i faciliteaz nelegerea conceptelor i principiilor ce stau la baza acestora, putnd, de asemenea, s furnizeze credite de tip Continuing Professional Development (CPD), pentru membrii ACCA aflai n schema CPD. DipIFR este ideal pentru angajaii cu experien care doresc s obin o calificare contabil conform cu IFRS. Obinerea DipIFR este dovada cert a competenei profesionale n acest domeniu.

IAS & IFRS Cursuri Scurte: International Accounting Standards & International Financial Reporting Standards (In house & Open Seminars) Standarde Internaionale de Contabilitate i Standarde Internaionale de Raportare Financiar
Cursurile de IAS/IFRS oferite de IntercollegeIBS Romnia sunt unice. Acestea sunt inute de experii IAS/IFRS, care au muli ani de experien practic n acest domeniu. Cursurile se adreseaz persoanelor care sunt interesate n a-i mbogi aptitudinile i cunotinele, i nu celor care doresc strict o certificare, fiind organizate la cerere n orice perioad a anului.

Programe de scurta durata cu tematica financiar-bancara

IntercollegeIBS ofer circa 30 de cursuri de pregtire profesional, cu tematic financiar-bancar, susinute de experi din Cipru, Grecia i Romnia. Programele au o durat de 1-3 zile, fiind organizate n limba romn sau limba englez (traducere asigurat). La cerere se pot organiza i cursuri, tailor-made, inndu-se cont de cerinele de pregtire profesional de moment ale unei instituii financiare/companii.

Diploma CIPR The Chartered Institute in Public Relations - Institutul de Certificare n Relaii Publice
Institutul de Certificare n Relaii Publice (CIPR) este entitatea care i reprezint pe cei care practic Relaii Publice n Marea Britanie. Este cea mai mare entitate de acest gen din Europa, avnd peste 8,000 de membrii, implicai n toate aspectele industriei Relaiilor Publice.

IntercollegeIBS

2. IntercollegeIBS: The Success Story continues

2.1 Introduction
Growth in the worlds financial markets has created an unprecedented demand for continuous professional education, training and development. IntercollegeIBS offers a range of academic programmes, as well as professional training for the business and financial sectors, and the qualifications we offer are first class. Our structured courses and quality training programmes provide the opportunity to expand knowledge and skills at postgraduate level, enabling students to become successful professionals in their chosen fields. IntercollegeIBS, being a member of the University of Nicosia, is a pioneer in academic and professional education and training in Cyprus and abroad. IntercollegeIBS now offers many structured courses in Romania, and is dedicated to designing and delivering training that will not only ensure success in examinations, but also enhance competence and effectiveness in the workplace. Operating in Romania since the beginning of 2006, IntercollegeIBS has been providing structured courses and well-designed seminars and short programmes to a range of professionals, concentrating primarily on the financial services sector. IntercollegeIBS is the largest and most reputable college in Cyprus. We aim to achieve such a reputation in Economu A. Romania by delivering excellence in both academic programmes and professional training, enabling students to pass their exams first time and equipping them with top rate, world recognised qualifications.
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2.3 How to contact us:

Romania: 31A Economu Cezarescu Str, 6th District, 060754 Bucharest - Romania Tel: 0040 31 425 3663, 0040 21 312 8811 / 12 Fax: 0040 31 425 3662 E-mail: IBS.ro@intercollegeibs.ro Website: www.intercollegeibs.ro Cyprus: 46, Makedonitissas Ave., P.O. Box 24005 1700 Nicosia - Cyprus Tel.: +357-22841715 / 541, Fax: +357-22357484 E-mail: intercollegeCPD@intercollege.ac.cy Website: www.unic.ac.cy Greece: 265, Mesogeion Ave., Neo Psichico, 15451 Athens Tel.: 30 210-6722868, Fax: 30 210-6729629 E-mail: globalgr@otenet.gr Website: www.globaltraining.gr

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IntercollegeIBS is part of a large family that employs over 300 full-time and 100 freelance tutors. All of the tutors teaching the MBA programmes are PhD holders, and all those involved in professional training hold similar professional qualifications themselves. All of our tutors are experts in their fields with extensive practical and academic experience.

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3. MBA Programme of the University of Nicosia

Our Philosophy
Securing a competitive advantage is the key to success in the business world today. Globalisation of industries and markets, and consequent changes in economic policies, are driving countries, organisations and individuals to search for something special and unique that will bring dynamism, energy and innovation to their businesses and provide them with that competitive edge. Managerial ability is proving to be most critical when measuring a firms success against that of its competitors. Those fulfilling a managerial role in todays business environment require an eclectic array of skills and competencies, without which they cannot hope to acquire and maintain the competitive advantage essential for their business to survive and expand within the rapidly evolving global markets in which they operate. Geographical boundaries are disappearing, and a countrys position in the perceived economic developmental hierarchy is no longer as significant as it once was when it comes to competition and excelling on the world stage. The playing field is levelling and those who strive for excellence are the ones who will become the most successful. These are the underlying principles and the philosophy that influences the University of Nicosia in the design and delivery of its MBA programme. The Masters in Business Administration programme examines the management and marketing practices of businesses that continue to grow and thrive in the context of todays competitive world, and analyses the functionality, habits and disciplines that contribute to their continued and sustained ability to succeed in an ever-changing commercial environment. The pace of the programme is vigorous, but at the same time challenging and stimulating; providing students with the skills to enable them broaden their options and compete for the most prestigious and rewarding roles at a professional level once qualified. The curriculum aims at integrating theory with practice. Each of the core and specialization modules involves lectures, discussions, project assignments, roleplaying, case studies and applied class work. The participants deal with realistic managerial and professional problems and challenges, and the syllabus includes visits by executive guests from business and industry.

The University of Nicosia MBA programme offers the possibility of four concentrations, namely:
I Management I Marketing I Finance I Management Information

Systems (MIS) As of 2008, IntercollegeIBS has entered into partnership with City University of Seattle-USA (C.U). C.U has been present in Romania for over 10 years through the MBA in Financial Management. With the help of this partnership, C.U will offer yet another concentration, Marketing with emphasis in Banking and Financial Services.

3.1 MBA Programme Accreditation

The MBA University of Nicosia Programme is locally accredited by CEEA (SECAP), the Ministry of Education of Cyprus and KYSATS and EFMD. University of Nicosia Business School is a member of AACSB - International Association to Advance Collegiate Schools of Business U.S.A.

3.2 The MBA Programme Structure

The University of Nicosia MBA Programme requires students to complete 46 credit hours in order to obtain the MBA Degree. In addition, our MBA Programme offers foundation courses. These foundations are scheduled twice a year. MBA Foundation Courses MBA 510 Foundations in Economics MBA 520 Foundations in Accounting MBA 530 Foundations in Statistics and Research
Students with the appropriate qualifications may be exempted from the Foundation Courses.

The University of Nicosia MBA Core Programme consists of 8 Core Courses. These Core Courses are designed to provide the student with an integrated education in all the fundamental areas of business. CORE COURSES (28 credits) MBA-604 Decision Making Methods and Tools MBA-607 Organizations and HR Management MBA-608 Business Economics MBA-621 Financial and Managerial Accounting MBA-622 Financial Management MBA-667 Strategic Marketing MBA-670 Operations and Quality Management MBA-685 Corporate Strategy

4 4 4 4 3 3 3 3

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3.3 Specialization Electives (12 credits)*

Students can choose three of the four concentrations (specializations) offered: Management, Marketing, Finance and MIS (Management Information Systems) Choose four out of the seven courses from each concentration: OPTION A - MANAGEMENT CONCENTRATION MBA-701 Organizational Behavior MBA-703 Business Ethics MBA-705 Consultancy Process MBA-706 Managing Corporate Change MBA-707 Entrepreneurship and SMEs MBA-708 Supply Chain Management MBA-709 Management Science OPTION B - MARKETING CONCENTRATION MBA-711 Relationship Management MBA-712 Market Research MBA-713 Consumer Behavior MBA-716 Marketing of Services MBA-717 Corporate Social Responsibility MBA-718 Marketing Communications MBA-719 Global Marketing OPTION C - FINANCE CONCENTRATION MBA-721 Portfolio Analysis MBA-722 Financial Markets & Institutions MBA-723 Financial Risk Management MBA-724 Global Financial Strategies MBA-726 Working Capital Management MBA-727 Corporate Governance MBA-728 Advance Corporate Finance OPTION D - MIS CONCENTRATION MBA-730 E-Business MBA-733 Web Design and Development MBA-735 Computer Networks and Communication Systems MBA-736 Information Systems Development MBA-737 Knowledge Management MBA-738 IT Project Management MBA-739 Business Intelligence PLUS INTEGRATION (4 credits) MBA-790 Research Methodology MBA-799 Thesis 3 3 3 3 3 3 3

3.4 Admission Requirements

The main admission criteria for the MBA are: 1. An accredited Bachelors degree (European, American or equivalent). 2. Proficiency in English - students satisfy the English requirements if their first degree was taught in English. Otherwise, they would need to present at least a TOEFL score of 550 paper-based or 213 computer-based, or GSCE O Level with C or IELTS with a score of 6.5. 3. Standardized Test Scores - The Graduate Management Admission Test (GMAT) is required for all students with a minimum score of 400. Students with a CPA of 2.5 higher on the 4-point system or 2.2 for UK standards or equivalent, or three years of professional experience will be exempted from the GMAT. A candidate without GMAT may be provisionally admitted and be allowed to take a foundation course but such students will be accepted as MBA students only upon submission of the GMAT score as stated above. 4. Academic Background - applicants with a non business background can be accepted but they may be required to take preparatory foundation courses. 5. Letters of Recommendation - two recommendation letters from persons who have known the applicant in his/her educational and professional environment. 6. Individual Interviews - is the standard practice for all students. The interviews elicit motivation, leadership, potential and personal mission. In special cases, evidence and data on the applicants past work experience, maturity and personality are assessed to the best possible degree.

3 3 3 3 3 3 3

3 3 3 3 3 3 3

3 3 3 3 3 3 3

3.5 Course Duration

This is an intensive programme which requires 12-24 months of study.There are two intakes to the programme, Fall and Spring. Students may commence their studies in either of these two intakes.

2 4

TOTAL 46 credit hours

* Each concentration is offered subject to sufficient demand.

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IntercollegeIBS

4. The ACCA Programme The Association of Chartered Certified Accountants

4.1 Introduction
The Association of Chartered Certified Accountants (ACCA) is the largest and fastest-growing global professional accountancy body in the world, with over 140,000 members and 404,000 students in 170 countries. ACCA has an extensive network of 83 offices and active centres around the world. Its reputation is grounded in over 100 years of providing world-class accounting and finance qualifications. Founded in 1904, it is the largest to operate on an international basis, awarding its own qualification after successful completion of ACCA examinations and three years of practical experience. The University of Nicosia/Intercollege Group runs ACCA courses in Cyprus, Greece,Poland, Bulgaria and, since February 2008, in Romania, setting the standards in professional education and training excellence throughout this part of Europe. (c) 2 UK A - levels and 3 GCSEs (5 separate subjects including English and Mathematics), or equivalent (d) LCCI 3 Higher level passes and 2 Intermediate level passes (5 separate subjects including English and Mathematics) (e) RSA 3 Advanced passes and 2 Intermediate passes (5 separate subjects including English and Mathematics) (f) CAT level B (complete) (g) AAT (UK) Intermediate (complete) (h) Degree (from a recognized institution in any subject). For those who do not meet the criteria above, there is an alternative method of entry explained below: Mature Student Entry Route (MSER) For entry to ACCAs Professional Qualification via the MSER you must be over 21 years old. You must also pass Papers M1 and M2 (equivalent to Papers F3 and F2) within two years from the date of your first eligible ACCA examination session. You will then be able to transfer to the main student register.

4.2 Course Objectives

ACCA is not just about accounting. Students also acquire fundamental knowledge in other related subjects such as finance, taxation, audit, management, law, banking, economics and information systems. Together with the technical and practical experience gained en route to the ACCA qualification, students are equipped with the expertise and practical skills to be able to put their knowledge and talents to work in virtually any organisation or business. This means employment opportunities within the accounting/auditing profession, central government, semi-governmental organizations, the banking and insurance sectors, and just about any type of small, medium or large business or corporation. Once qualified, the world is your oyster.

4.4 Course Duration

The course duration depends upon your background and hard work. If you are a University graduate you are entitled to exemptions from the examinations and the average period is usually 1-2 years. If you are a high school graduate, the average completion period is usually 3-4 years. You will need to complete 14 papers in total. A maximum of nine papers in the fundamentals level are available for exemption.

4.5 The ACCA Course Structure 4.3 Entry Requirements

A number of entry routes are available which take into account different qualifications and recognise your previous achievements. Minimum Entry Requirements For entry to ACCAs Professional Qualification, you must meet at least one of the criteria shown below: (a) Diploma de Bacalaureat- Sufficient for Registration (b) Secondary Vocational Diploma from upper secondary school- Sufficient for registration FUNDAMENTALS (nine papers in total) Knowledge F1 Accountant in Business F2 Management Accounting F3 Financial Accounting Skills F4 Corporate and Business Law F5 Performance Management F6 Taxation F7 Financial Reporting F8 Audit and Assurance F9 Financial Management

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PROFESSIONAL (five papers in total) Essentials P1 Professional Accountant P2 Corporate Reporting P3 Business Analysis Options (two to be completed) P4 Advanced Financial Management P5 Advanced Performance Management P6 Advanced Taxation P7 Advanced Audit and Assurance

4. All students will have 10 years to complete the examinations, from the date of their student registration.

4.8 Ethics and Practical Experience

Professional ethics is at the heart of ACCA Qualification. It is covered in 11 of the 16 exam papers - including all papers at Professional level - and in three of the Essentials performance objectives. Underpinning the educational syllabus and the practical experience is the Professional Ethics module. The aim of the Professional Ethics module is to give you exposure to a range of ethical perspectives. Ideally, this should be completed before, at the same time or soon after completing Paper P1, Professional Accountant, but must be completed before applying for membership. In order to qualify as an ACCA member, you will need to complete: I 14 exams (9 of which are eligible for exemption) I relevant practical experience, with a minimum of 3 years I a Professional Ethics module

4.6 Important Dates

For Registration: Initial Registration: You must register not later than June Sitting: 31 December of the preceding year. December Sitting: You must register not later than 15 August of the same year. Exam Registration: Exam entry forms must be completed and returned to ACCA by 15 April for June exams and by 15 October for December exams. For Exemptions: June Sitting:

4.9 BSc in Applied Accounting awarded by Oxford Brookes University

ACCA will provide you with additional opportunities on the way to becoming a qualified accountant. Through their unique partnership with Oxford Brookes University, you can gain a BSc Honours degree in Applied Accounting either while you complete your ACCA studies or after gaining your ACCA Qualification. The combination of a degree and a professional qualification will put you in demand with employers and increase your career opportunities.

You must apply by 31 January of the same year. December Sitting: You must apply by 31 July of the same year.

4.7 Examination Rules

1. Students may attempt a maximum of four exams within a six-month period. Students may vary the order they attempt exams within each module but they may not vary the order of the modules. However, ACCA strongly recommends that papers within the module are taken in order. 2. Optional Papers: (a) Students may attempt either one or two optional papers in any order at one examination session. (b) Option papers may be changed at a subsequent examination session. (c) Students are required to complete the essential papers before attempting the option papers. 3. Essential Papers: (a) The three essential papers may be taken in any order. (b) They can also be sat with: (i) an outstanding paper from Skills (provided both Option papers have been passed), or (ii) one of the Option papers provided another option paper has been passed.

ACCA Connect
Students may contact ACCA directly for any query they have: 2 Central Quay, 89 Hydepark Street Glasgow, G3 8BW, United Kingdom Tel: +44 (0)141 582 2000, Fax: +44 (0)141 582 2222 ACCA South Eastern Europe Str. Buzesti 61, Bl. A6, Sc. A Et. 5, Ap.30 Sector 1, 011013 Bucuresti, Romania Tel: +40 (0)21 312 79 45, Fax: +40 (0)21 311 18 91 email: info@ro.accaglobal.com

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IntercollegeIBS

5. The ICAEW Programme The Institute of Chartered Accountants in England and Wales (ICAEW)
5.1 Introduction
The Institute of Chartered Accountants in England and Wales (ICAEW) is the oldest and largest accountancy body in Europe with more than 100,000 members. It is the most prestigious professional body for Chartered Accountants in the United Kingdom, attracting many students every year who aspire to become qualified accountants. IntercollegeIBS has been an ACA Official Training Provider in Romania since April 2008. In September 2007 the ICAEW revised the ACA qualification to enable students at the Professional Stage to be introduced to the core concepts through six basic Knowledge modules. They then go on to apply this knowledge when they study the Application modules. This logical method of study is then expanded at the Advanced Stage, when students focus on the technical and strategic skills needed to become a fully qualified Chartered Accountant.

5.4 Course Duration

The duration of the course is 3 years and a minimum of 3 years of practical experience with an approved training firm is needed to gain the qualification.

5.5 The Course Structure

The course is divided into two stages: 1. Professional StageoRE COURSES (30
I I I I I I

Knowledge Papers Accounting Assurance Business & Finance Law Management Information Principles of Taxation

I I I I I I

Application Papers Financial Accounting Audit & Assurance Business Strategy Financial Reporting Financial Management Taxation

2. Advanced Stage
I Technical Integration - Business Change I Technical Integration - Business Reporting I Case Study (CS)

5.2 Course Objectives

The revised Chartered Accountancy qualification builds on the professions traditional strengths, whilst focusing on the needs of modern business. This course ensures that candidates develop the financial and technical knowledge, as well as valuable practical experience required to pursue a career in the accounting/auditing profession, either in private practice or in central government, semi-governmental organizations, the banking and insurance sectors, or just about any type of small, medium or large business or corporation, locally or internationally.

5.6 Important Dates

For Registration Examination dates for registration are published annually by the ICAEW. Professional Stage There are four examination sittings each year: March, June, September and December Advanced Stage There are two examination sittings each year: July and November For exemptions Exemptions may be awarded on the basis of previous qualifications.

5.3 Entry Requirements

The entry requirements are: a total of 220 UCAS tariff score, or 2 (A) levels and 3 GCSE (including Maths & English) or a first or upper second class or any equivalent in a first Bachelor degree.

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5.7 Examination Rules

1. There is no time limit for completing the course but only a maximum of 4 attempts per module is allowed, both for the Professional Stage and the Advanced Stage. 2. Professional Stage (a) Credit will be retained for each paper passed. (b) Application based exams are written exams scheduled four times a year (March/June/ September/December) of 2 1/2hrs each sitting. (c) Knowledge exams are E-assessment based exams; i.e. computer based exams of 1 1/2hrs each exam. Those who fail can schedule a re-sit within 24 hours.

3. Advanced Stage (a) Candidates may attempt the CS once they are in the last year of their training contract. (b) Candidates may attempt the CS provided the other two Technical Integration papers have been attempted. (c) Credit will be retained for each paper passed.

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16

6. The CFAB Programme The Certificate in Finance, Accounting and Business by (ICAEW)
6.1 Introduction
IntercollegeIBS is a tuition provider for The Certificate in Finance, Accounting and Business (CFAB). CFAB is an exciting new qualification developed by the ICAEW. CFAB is ideal for individuals who either work or aim to work in business or practice. It provides essential knowledge in the fundamentals of finance, accounting and business.

6.4 Course Structure

CFAB is made up of six modules, the same modules of the ICAEWs premier accounting qualifications, the ACA, which also means CFAB can be used as a stepping stone. Modules: Business and Finance Management Information Accounting (compulsory) Law Assurance Principles of Taxation

6.2 Course Objectives

The CFAB course is designed for those who are considering accountancy or finance as a career and they want to gain a general knowledge in the above areas. Furthermore, CFAB is aiming at providing support services to professional firms, banks and financial services.

I I I I I I

6.5 Examination Rules

- Can be gained in one year. - Modules can be taken in any order, although the Accountancy module is compulsory. - Assessment is via computer-based assessment. - Can be used as an entry-route into the ICAEWs premier accounting qualification, the ACA.

6.3 Entry Requirements and credits for prior learning

No formal academic qualifications are required to register for the CFAB qualification. Credits are available to those who hold relevant qualifications. Credits can be used for up to five modules. The Accounting module is compulsory.

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IntercollegeIBS

7. The CA Programme Certified nternal Auditor

7.1 Introduction
The Certified Internal Auditor (CIA) training programme is designed to meet the needs of the professional who wishes to pursue the worlds premier certification in Internal Auditing. The CIA training programme is based on the detailed requirements of the CIA syllabus, and leads to the award of the CIA designation by the Institute of Internal Auditors (IIA) of the United States of America. There are over 40,000 internal auditors in more than 100 countries worldwide that hold the CIA designation. In Romania, however, the number of individuals holding this prestigious title is very small, making the CIA one of the most sought-after and respected professional qualifications, pursued by those who possess the commitment and determination to reach for the top of the auditing profession. Individuals who pursue the CIA title will earn one of the most prestigious professional qualifications in the world and will benefit from:
I Top quality training in all aspects of internal audit I Excellent career prospects as one of the best-qualified

individuals in the auditing profession

I Proof of their commitment and potential to excel at the

top of their profession

7.3 Entry Requirements

CIA candidates must hold a Bachelors degree or its equivalent from an accredited college-level institution. In addition, certain international professional designations such as ACCA, ACA and CAT are accepted as equivalent and, additionally, may grant their holders exemption from Part IV of the examinations. Applicants who do not possess a Bachelors degree and who are unsure whether their educational achievements or professional designation qualify as equivalents, should submit related educational/professional information with their application and include a covering letter requesting review by the Board of Regents of the IIA.

7.2 Course Objectives

The CIA designation is the IIAs premier certification. The CIA title reflects competence in the principles and practices of internal auditing and serves as the only internationally recognised designation for internal auditors. Achieving the CIA qualification demonstrates your commitment to the auditing profession and, whether you choose to stay within the field of internal auditing or to broaden your skills and move onwards and upwards within your organization, the fundamentals of business, risk and control covered by the CIA will prove invaluable. The CIA qualification is awarded by the IIA after successful completion of the CIA exams and 2 years approved practicing experience. CIA candidates are required to complete 24 months of internal auditing experience or its equivalent (which means experience in audit/assessment disciplines, such as external auditing, quality assurance, etc.). Related business professions (such as accounting, law and finance) can be substituted for one year of experience, but candidates will not be certified until the experience requirement has been fully met.

7.4 Course Duration

Candidates have an initial eligibility period of two years after their registration is approved. In addition, each time a candidate sits part of an exam, his/her eligibility period is extended for two years from the date of that exam. A candidates eligibility expires only if the candidate does not take a single exam within any two-year period. If a candidates eligibility expires, the candidate loses credit for any part or parts passed and must submit a new application form in order to take future examinations.

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7.5 The CIA Course Structure

The CIA examination structure is fairly simple. It is offered in four parts of 100 multiple-choice questions per part and it is assessed through Computer Based Examinations (CBE). PART I The Internal Audit Activity's Role in Governance, Risk & Control AREAS Comply with the IIAs Attribute Standards Establish a Risk-based Plan to Determine the Priorities of the Internal Audit Activity Understand the Internal Audit Activitys Role in Organizational Governance Perform Other Internal Audit Roles and Responsibilities Governance, Risk and Control Knowledge Elements Plan Engagements WEIGHT IN THE EXAM 15%-25%

PART IV Business Management Skills AREAS Strategic Management Global Business Environments Organizational Behavior Management Skills Negotiating WEIGHT IN THE EXAM 20%-30% 15%-25% 15%-25% 20%-30% 5%-15%

7.6 Important Dates

The registration procedure for the examinations is done online through the IIA site. You are allowed 180 days to sit the particular exam registered for, at the approved CIA testing center. It is recommended that you schedule your exam date 45 days ahead to increase the likelihood of receiving the desired date.

15%-25%

10%-20% 0%-10% 15%-25% 15%-25%

7.7 Examination Rules

CIA examinations are offered all year round, subject to availability of the local examination center. Each examination consists of 100 multiple choice questions and has duration of two hours and 45 minutes. The exact number of questions required to pass the exam may be slightly different from one test to another and so the number of correct responses are converted to a reporting scale that ranges from 250 to 750 points. A scaled score of 600 points or higher is required to pass the CIA exam. If you fail one of the CIA exams you must wait at least 90 days before you will be able to retake that exam. There is no limit to the number of times a candidate can retake a failed exam.

PART II Conducting the Internal Audit Engagement AREAS Conduct Engagements Conduct Specific Engagements Monitor Engagement Outcomes Fraud Knowledge Elements Engagements Tools WEIGHT IN THE EXAM 25%-35% 25%-35% 5%-15% 5%-15% 15%-25%

PART III Business Analysis & Information Technology AREAS Business Processes WEIGHT IN THE EXAM 15%-25% 15%-25% 10%-20% 5%-15% 30%-40%

Financial Accounting and Finance Managerial Accounting Regulatory, Legal and Economics Information Technology (IT)

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8. The CFA Programme Chartered Financial Analyst

8.1 Introduction
The CFA programme was first administered by the Institute of Chartered Financial Analysts (ICFA), one of the Institutes predecessor organizations. In June 1963, after successfully passing the first CFA examination, 268 securities analysts emerged as the inaugural class of CFA chartered holders. This distinguished group of investment professionals took an inherent risk of failing an exam that dealt with subjects in which they were already presumed to be the experts. They put aside their self-interests to establish standards of competence and integrity for the profession of investment management. Some 40 years later, the CFA charter has grown far beyond what any member of its inaugural class could have predicted. Since 1963, the CFA Institute, which was formed by the amalgamation of the ICFA and the Financial Analysts Federation in 1990, has administered nearly 400,000 CFA examinations and awarded more than 35,000 investment professionals with the right to use the charter. Our clientele include many prominent executives from the investment/banking industry, other industrial corporations and the public sector.

8.3 Entry Requirements

I A Bachelors degree or equivalent. An applicant must

I I I

receive a Bachelors degree no later than 31 December of the current exam year to qualify for entrance. Candidates who are not holders of a Bachelors degree must have at least 4 years professional experience to be considered. Complete, sign, and return the Registration and Enrollment Form by 1st February at the latest. Pay the required fees to the CFA Institute. Complete, sign, and return to the CFA Institute a Professional Candidate Inquiry and Candidate Responsibility Statement.

8.4 Course Duration

A minimum of 3 years is required (1 year per level). Candidates cannot proceed to the next level without successfully completing the previous level. No exemptions are awarded.

8.5 The CFA Course Structure

The material covered in the CFA education scheme is designed to reflect the wide body of knowledge expected of professionals boasting the CFA designation, keeping pace with the ever-changing dynamics of the global investment industry. The following general topic areas are covered:
I I I I I I I I I I I I

8.2 Course Objectives

In the competitive and rapidly evolving profession of investment management, few achievements say more about your commitment to knowledge and high ethical standards than earning the right to use the CFA designation. Employers recognise the dedication that the CFA programme entails, which is why they often make the CFA charter an eligibility requirement for senior-level positions, and are frequently willing to pay for their employees to participate in the programme. The broad-based curriculum of the CFA programme compels students to obtain a working knowledge of principles across core areas of the investment industry, from portfolio management and asset valuation to derivatives and quantitative analysis. Virtually no other designation within the investment management profession carries as much prestige as the CFA charter. Amongst the employers with the highest number of CFA charter holders are Merrill Lynch, Morgan Stanley, Goldman Sachs, Bank of America, Citigroup, Credit Suisse Group, J.P Morgan Chase and UBS.

Ethical and Professional Standards Quantitative Methods Economics Corporate Finance Accounting Global Markets & Instruments Analysis of Derivatives Portfolio Management Analysis of Equity Investments Analysis of Alternative Investments Analysis of Fixed Income Investments Asset Valuation

The Level I curriculum and examination focus on tools and concepts that apply to investment valuation and management. Level I also includes an overview of the process of asset valuation and portfolio management.

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The Level II curriculum and examination deal with asset valuation. Candidates must be able to apply the tools and concepts emphasized at Level I - including economic analysis, quantitative techniques, and accounting - in analyzing and valuing investments, and should also have a thorough understanding of capital market theory and industry and company analysis. The Level III curriculum and examination explore in greater depth the discipline of portfolio management. Candidates must demonstrate a working knowledge of the portfolio management process, from calculating investor constraints, objectives, and capital-market expectations to making asset-allocation decisions.

8.6 Important Dates

Application Deadline: September and February of each year. The registration fee varies depending on the month in which the application is submitted to the CFA Institute. Exam Sitting: June of each year and a December sitting which is offered at selected locations.

8.7 Examination Rules

1. Candidates may not sit more than one level per year. 2. Candidates must complete all three levels of the CFA qualification within 7 years of their initial registration. 3. Candidates must use a specific type of scientific calculator during examinations (for more information please contact the CFA Course Leader, or the CFA Institute website on www.cfainstitute.org). 4. Examination results are reported as pass or fail (usually two months after the exam session).

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9. The CMA Programme The Certified Management Accountant

9.1 Introduction
The Institute of Management Accountant (IMA), serving individuals and corporations for nearly a century, is the worlds leading professional organization dedicated to the advancement of accounting, finance, and information management. IMA stays in the lead by keeping its members abreast of new industry insights, in touch with their peers and on target with the latest education and certification opportunities. With chapters around the world, the IMA provides members with personal and professional development opportunities through the globally recognized and highly coveted Certified Management Accountant (CMA). The exam is structured as follows: Part I Financial planning, performance and control Planning, budgeting and forecasting Performance measurement Cost management Internal controls Professional ethics Part II Financial decision making Financial statement analysis Corporate finance Decision analysis and risk management Investment decisions Professional ethics By focusing only on advanced accounting and financial management skills, the exam is rigorous yet responsive to the needs of the marketplace and time constrained professionals.

9.2 Course Objectives

The CMA is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance. Achieving the CMA credential demonstrates your mastery of financial planning, analysis, control, and decision support, as well as professional ethics. The CMA Credential is: I Focused - On the critical skills you use in business I Respected - Leading employers seek to hire and promote CMAs I Valued - CMAs earn higher compensation than noncertified professionals. I Convenient - CMA exams are offered electronically in hundreds of locations worldwide. It offers convenient exam and flexible study options with three exam windows each year. You can schedule exams at a time and place convenient to you. The CMA is tailor-made for finance professionals at all levels, whether you want to enhance your value to your current organization or expand your career potential.

9.4 Entry requirements

There are no entry requirements for candidates who want to register with the IMA and sit for the CMA exams. Having completed both parts of the CMA exam, candidates must fulfill the following requirements to be awarded the CMA certification: I Hold a bachelors degree from an accredited college or university I Two continuous years of professional experience I Foundational knowledge of economics, basic statistics and financial accounting I Agree to abide by IMAs statement of ethical professional practice. I Continue to maintain the IMA membership

9.5 Examination Rules

I The two Parts can be taken in any order at

9.3 Course Structure

There are two parts to the CMA exam, consisting of four hours each, which can be taken in any order.

the same sitting

I Exam duration is 4 hours for each part (100 multiple

choice questions and two 30 minute essay questions).

I The IMA is making it possible to sit your CMA exam

at a date, time and place convenient to you.

9.6 Important Dates

Exams can be taken in three different window periods I January and February I May and June I September and October

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10. The DipIFR Programme Diploma in International Financial Reporting by ACCA

10.1 Introduction
Following the EU Regulation 1606/2002, all listed companies within the European Union are, as of 2005, required to prepare their consolidated accounts based on International Financial Reporting Standards (IFRS) and abandon any National GAAP. The Diploma in International Financial Reporting (DipIFR), which is awarded by the ACCA, will enable you to cross international boundaries in an increasingly important field of accountancy.

10.4 Entry Requirements

The entry criteria are:
I A nationally recognized accounting qualification, or I A relevant degree (which would gain exemptions

I I I I

10.2 Course Objectives

The DipIFR is designed to teach the fundamentals of IASs and IFRSs and to develop an understanding of the concepts and principles that underpin them. It can also provide eligible Continuing Professional Development units for ACCA members, as required under their CPD scheme. The DipIFR is the ideal IFRS qualification for experienced staff who may already hold a non-IFRS compliant accounting qualification. Possession of the DipIFR is positive proof of IFRS competence that will be recognised throughout the EU.

from all of Part 1 and 2.1 and 2.2 on the ACCA Professional Scheme) plus 2 years work experience in an accounting environment, evidenced by an employers letter, or 3 years work experience in an accounting environment, evidenced by an employers letter, or ACCA affiliate status, or ACCA Diploma in Financial Management (or Certified Diploma in Accounting & Finance), or ACCA Certificate in International Financial Reporting plus three years work experience, evidenced by an employers letter.

10.5 Important Dates

You can apply to register for the DipIFR at any time. ACCA must receive your Registration Form by the following dates:
I For the June examinations you must register by 15 April

of the same year.

I For the December examinations you must register by

10.3 Assessment
The Diploma is assessed by one closed book written examination which lasts three hours, in June and December each year. The Examination is organised by the ACCA.

15 October of the same year.

10.6 Course Details

We offer the DipIFR course on a block release system of approximately 49 hours, starting in July and February for the December and June examinations respectively. The study system includes exclusive notes and is supplemented by the official study text and revision kit.

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IntercollegeIBS

24

11. The CIPR Programme The Chartered Institute in Public Relations

11.1 Introduction
The Chartered Institute of Public Relations (CIPR) is the professional body for Public Relations (PR) practitioners in the UK. With over 8,000 members, involved in all aspects of the public relations industry, it is the largest body of its type in Europe.

11.4 Course Structure and Details

The CIPR Diploma has 3 units: Unit 1- PR Theory and Practice: This unit examines the roles and functions of the PR practitioner, analyses the PR environment, and observes the role of PR in modern society from an academic and professional viewpoint. Unit 2- PR Planning and Management: This unit examines the operation and effectiveness of PR within various organisations. It investigates the value of research, and how an effective PR plan can contribute towards the success of a business or organisation. Unit 3- Reflective Practice: This unit instructs candidates in research methodologies adopted by PR practitioners, and guides them in the preparation of a project in a specialist PR area. We offer CIPR through interactive workshops, combining theory with case studies. All of our tutors are professionals with many years of relevant practical and academic experience. The study system includes CIPR material and further recommended texts for additional reading.

11.2 Course Objectives

The Diploma in Public Relations provides candidates with the knowledge and understanding of theory and practice to enable them to become effective and efficient PR professionals. It explores the strategic management activities of the PR function, and ensures candidates develop advanced and capable awareness as public relations practitioners. Candidates will learn to appreciate PR as a management function by examining and analysing public relations issues. The CIPR Diploma is for PR professionals, or for those working in PR who do not have an industry specific qualification. The programme is designed to equip participants with the necessary knowledge and skills to fully recognise the importance of image and be able to manipulate and control the public face of a business or organisation. Candidates will examine case studies and will be given the opportunity to consider PR issues in workshops with experienced PR practitioners. They will study recommended texts for a more theoretical examination, and build case histories by conducting research from a range of mediums such as newspapers, magazines, journals, specialist publications and other forms of media.

11.5 Assessment
Unit 1 is assessed through a Critical Reasoning Test (CRT), Unit 2 through a 5,000 word planning assessment and Unit 3 through a 6,000 word project. The course runs from October to June each year. All candidates are required to become members of the CIPR. Application forms may be downloaded from the Institutes website: www.cipr.co.uk. The CIPR is responsible for maintaining the quality of the syllabus, and the CIPR Diploma is seen as the benchmark qualification for practitioners in the industry, raising the standard in the PR field.

11.3 Entry Requirements

Applicants must satisfy at least one of the following:
I Hold a Postgraduate level professional qualification

plus one year full time employment in a public relations or relevant environment I Hold a degree in a related discipline (business, marketing, management, communications, etc) and have 1 year of relevant full time employment in PR; I Hold a degree in ANY field plus 2 years PR experience; I Hold CIPR s Advanced Certificate; I Have at least 4 years of PR full time employment experience and five GCSE passes, one of which must be in English language.

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IntercollegeIBS

12. The DipFM Programme Diploma in Financial Management by ACCA

12.1 Introduction
The ACCA Diploma in Financial Management (DipFM) provides the practical knowledge needed to take the fear out of accounting and finance, ensuring confident participation in the production, interpretation and analysis of financial statements.This qualification is aimed at middle and senior managers with financial responsibility. Based on the ACCAs highly successful Certified Diploma in Accounting and Finance, achieved by nearly 10,000 managers worldwide, the DipFM Diploma has an established reputation. This qualification covers a range of key areas, including the interpretation of financial statements, planning, managing and measuring performance using budgets and other financial techniques, making financial decisions and managing all kinds of prudential risk using financial data. circumstances, you are normally required to be at least 23 years old and you should be able to demonstrate, with an employers reference, that the Diploma will be relevant to your work. If you are self-employed, a reference from an accountant, solicitor/attorney or bank manager will be required.

12.4 Course Duration

The DipFM course is of 12 month duration and includes a series of lectures, presentations, case studies and workshops. The course is offered via a block release system of approximately 150 hours, starting in January and July for the December and June examinations respectively. There is no constraints to completing the Diploma; it is possible to complete the course after just a 9-month study. This is a small commitment to make for a thorough understanding of finance and the ability to work confidently with financial information.

12.2 Course Objectives

Unlike many financial awareness courses, this Diploma aims to achieve a level of practical understanding that is genuinely useful in the workplace. Managers are increasingly responsible for managing their own profit centres and therefore require a similar level of financial awareness to the qualified accountants who prepare their financial summaries. The DipFM Diploma enables managers to not only understand critical financial information, but also to make use of this data when making important decisions that affect the future of their businesses. One of the major benefits of studying for the Diploma in Financial Management is that it is recognised by a number of leading universities as covering up to one third of their MBA programmes. This means that when qualifying with this Diploma you will be able to gain accelerated entry to many of these programmes.

12.5 Important Dates

You can apply to register for the DipFM at any time. ACCA must receive your registration form by the following dates:
I For the June examinations you must register by 15 April

of the same year

I For the December examinations you must register by

15 October of the same year

12.6 Course Structure

The Diploma programme consists of a combination of examinations and project-based assignments, set and marked by the ACCA. You have to pass two 3-hour examinations covering all areas of the syllabus, and two projects, which are completed in your own time. This combination of examinations and projects ensures a detailed knowledge of the subject areas, as well as the ability to practice your financial skills using realistic case studies and examples.

12.3 Entry Requirements

The minimum entry requirement for the Diploma is a recognized degree, higher national certificate/ diploma or a non-accounting professional qualification. Individuals who do not hold these qualifications may be admitted on the basis of their work experience. In these

26

The Diploma program has a modular design for convenient study. Each module covers 2 subject areas: Module A 1. Interpretation of Financial Statements 2. Performance Management Module B 1. Financial Strategy 2. Risk Management Each module will be assessed through:
I One 3-hour examination I One project

12.7 Examination Rules

As mentioned earlier, each of the 2 modules will be assessed via a 3-hour examination and a project. ACCA offers 160 examination centers worldwide, and sessions are held twice a year in June and December. One or both examinations can be taken at one sitting. The examination for each module covers the 2 subject areas in that module and is assessed via a combination of multiple choice and written questions. Like the examination, the project is also based on the subject areas covered by the module, but it can be completed in the students own time and submitted to ACCA for marking, prior to examinations sessions in June and December. Both the examination and the project must be successfully completed in order to achieve an overall pass in the module. On successfully passing both modules, you will receive a certificate and the entitlement to use letters DipFM after your name. You will be provided with a Diploma Handbook which includes detailed syllabus and study guides. In addition, ACCA will provide a study text for each subject area which is included in the Initial Registration fee. IntercollegeIBS will provide you with study texts, question banks and course notes.

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IntercollegeIBS

13. The IAS & IFRS-Short Courses:

International Accounting Standards & International Financial Reporting Standards (In house & Open Seminars)
1. Core IAS & IFRS This seminar aims to equip participants with a basic understanding of the principles and concepts of the basic IAS & IFRS. On completion of this course, participants should be able to apply the basic IASs & IFRSs in the preparation of financial and related information as well as read, comprehend and evaluate financial statements incorporating accounting information prepared in accordance with the standards. The IAS & IFRS covered in this seminar are: Presentation of Financial Statements Inventories Accounting Policies, Changes in Accounting Estimates and Errors I IAS 10 Contingencies and Events Occurred After the Balance Sheet Date I IAS 18 Revenue I IAS 20 Accounting and Government Grants I IAS 21 The Effects of Changes in Foreign Exchange Rates I IAS 23 Borrowing Costs I IAS 36 Impairment of Assets I IAS 37 Provisions, Contingent Liabilities and Contingent Assets I IAS 38 Intangible Assets I IFRS 5 Non-current Assets Held for Sale and Discontinued Operations I IFRS 8 Operating Segments
I IAS 1 I IAS 2 I IAS 8

13.1 Introduction
The International Accounting Standards Board (IASB) was preceded by the International Accounting Standards Committee (IASC), which was founded in June 1973 as a result of an agreement between accountancy bodies in Australia, Canada, France, Germany, Japan, Mexico, the Netherlands, the United Kingdom, Ireland and the United States of America, representatives from which countries constituted the Board of the IASC at that time. In March 2001, the IASC Foundation was formed as a non-profit organisation incorporated in the State of Delaware, USA. The IASC Foundation is the parent entity of the IASB, which, from April 2001, assumed accounting standard setting responsibility from its predecessor. This was the culmination of a restructuring aimed at shaping accountancy parameters for the future. On 29 September 2003, the European Commission adopted a regulation endorsing IASs, including related interpretations (SICs) and, in doing so, confirmed the requirement for their compulsory use throughout the EU from 2005, under the terms of the general IAS regulation adopted by the European Parliament and the Council in 2002. In Romania, IASs and IFRSs are mandatory for all Romanian listed companies for accounting periods ending after 31 December 2008.

13.2 The IAS & IFRS Courses of IntercollegeIBS

The IAS/IFRS courses offered by IntercollegeIBS in Romania are unique. The courses are delivered by our IAS/IFRS experts, who have many years of practical on the job experience in applying these standards. They are intended for those who are not concerned with gaining a qualification, but are keen to develop their skills and knowledge. Our IAS and IFRS courses consist of a series of seminars as follows:

2. Technical IAS & IFRS This seminar aims to ensure that participants have developed a thorough knowledge and understanding of the accounting principles and concepts covered by the more technical IAS & IFRS and that they can apply this grounding to the situations they will typically meet at work.

28

On completion of this seminar participants should be able to apply the technical IAS & IFRS in the preparation of financial and related information as well as read, comprehend and evaluate financial statements incorporating accounting information covered by the more technical IAS & IFRS. The IAS & IFRS covered in this seminar are: IAS 7 Cash flow Statements IAS 11 Construction Contracts IAS 12 Income Taxes IAS 17 Accounting for Leases IAS 19 Employee Benefits IAS 33 Earnings per Share IAS 34 Interim Financial Reporting IAS 35 Discontinued Operations IFRS 6 Exploration and Evaluation of Mineral Resources

The Advanced Groups seminar covers the more advanced aspects of IAS & IFRS dealt with in the Basic Groups seminar. Upon completion of this seminar participants should be able to deal with the advanced aspects of group accounting and prepare, appraise and comprehend the consolidated financial statements of a group consisting of many subsidiary and associate companies. 4. Financial Instruments The seminar aims to explore with participants the exotic world of financial instruments and make the controversial and legendary IASs 32 &39 as simple as possible. The seminar also aims to ensure that participants can understand, evaluate and apply the requirements of IASs 32 & 39 and IFRSs 2 and 7 as well as grasp the main elements of finance theory and derivatives required by an accountant dealing with these standards. The seminar is delivered in a unique IntercollegeIBS approach whereby the participants with no experience and knowledge of finance can also attend and benefit from the sessions. The IASs/IFRSs covered in this seminar are: Financial Instruments: Presentation Financial Instruments: Measurement and Recognition I IFRS 2 Share-Based Payment I IFRS 7 Financial Instruments: Disclosures
I IAS 32 I IAS 39

I I I I I I I I I

3. Basic and Advanced Group IAS & IFRS The IAS & IFRS relating to Groups of companies are covered in 2 seminars: The Basic seminar (3 days) and the Advanced seminar (3 days). The Basic Groups seminar aims to ensure that participants can exercise judgment and the technique in accounting matters relating to consolidated accounts. On completion of this seminar participants should be able to prepare, read, comprehend and evaluate the following alternative group accounting methods:
I Equity accounting I Proportional accounting I Acquisition accounting

5. First Time Adoption of IAS & IFRS This seminar aims to help and guide participants in implementing IAS & IFRS for the first time. On completion of this course participants should be able to apply the IAS & IFRS for the first time and prepare their entitys first IFRS Balance Sheet. This seminar covers IFRS1 and all other IAS & IFRS in a reference approach.

The IASs/IFRSs covered in this seminar are: Cash Flow Statements (Group aspects) The Effects of Changes in Foreign Exchange Rates (Group aspects) I IAS 27 Consolidated and Separate Financial Statements I IAS 28 Investment in Associates I IAS 31 Interest in Joint Ventures I IFRS 3 Business Combinations
I IAS 7 I IAS 21

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14. Other Short Courses for the Financial Services Sector

14.1 Introduction
IntercollegeIBS has extensive experience and an excellent reputation in developing and delivering short courses for professionals, with emphasis on accounting, banking and finance. These courses are presented by professional trainers who have many years of experience in the relevant areas, and are essential for individuals seeking to broaden their horizons and keep up to date with the latest developments affecting their profession. 20. METHODOLOGY & IMPLEMENTATION OF MODERN INTERNAL AUDIT 21. FRAUDULENT ACTIVITIES IN BANKS 22. MONEY LAUNDERING AND RELATED ISSUES 23. IMPLEMENTATION OF BASEL II AND RELATED ISSUES 24. ADMINISTERING MARKET RISK 25. TREASURY PRODUCTS 26. SEPA TRAINING 27. PROJECT FINANCE 28. ENGLISH FOR BANKING

14.2 List of Courses Offered

The courses currently offered by IntercollegeIBS in Romania are listed below: No 1. 2. 3. 4. 5. 6. 7. COURSE TITLE INTRODUCTION TO BANKING RETAIL BANKING AND RELATED SALES TECHNIQUES EFFECTIVE PRESENTATION SKILLS COMMUNICATION SKILLS SALES MANAGEMENT FOR RETAIL BANKING CUSTOMER SERVICE THE IMPORTANCE OF CUSTOMER RELATIONSHIP MANAGEMENT FOR THE FINANCIAL SERVICES INDUSTRY LEADERSHIP SKILLS PERSONAL LENDING PERSONAL LENDING (ADVANCED) FINANCIAL ANALYSIS FOR LOAN APPLICATIONS CREDIT RISK MANAGEMENT (ADVANCED) INTERNATIONAL TRADE FINANCE PAYMENTS AND GUARANTEES IN INTERNATIONAL TRADE LEASING & FACTORING INTERNATIONAL FINANCIAL REPORTING STANDARDS FINANCIAL REPORTING & AUDITING ISSUES ON CONSTRUCTION COMPANIES ACCOUNTING FOR NON-ACCOUNTANTS FINANCE AND ACCOUNTING FOR NON FINANCIAL MANAGERS

14.3 Details on Courses

The detailed description of the courses, lecturers profiles and quotations are available upon request. IntercollegeIBS also offers tailor-made courses upon request from clients.

8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19.

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Experts in your development

Institute of Business Studies

Cyprus: 46, Makedonitissas Ave., P.O. Box 24005, 1700 Nicosia - Cyprus Tel: +357-22841715 / 541 Fax: +357-22357484 E-mail: IBS.ro@intercollege.ac.cy Website: www.unic.ac.cy

Greece: 265, Mesogeion Ave., Neo Psichico, 15451 Athens Tel: 30 210-6722868 Fax: 30 210-6729629 E-mail: globalgr@otenet.gr Website: www.globaltraining.gr

Romania: 31A Economu Cezarescu Str, 6th District, 060754 Bucharest - Romania Tel: 0040 31 425 3663, 0040 21 312 8811 / 12 Fax: 0040 31 425 3662 E-mail: IBS.ro@intercollegeibs.ro Website: www.intercollegeibs.ro