The qualifying learner:
1.
Understands and demonstrates competence in the principles, concepts and conventions underlying Bookkeeping and Accounting.
Demonstrates the enhanced competence and skills required for a successful career in Bookkeeping and Accounting in Commerce, Industry and Practice.
Demonstrates competence in fundamental and more advanced financial accounting practices over a range of topic areas.
Shows competence in the analysis and interpretation of financial statements.
2.
Understands and demonstrates the Cost and Management Accounting concepts and techniques operating within business organisations, including the internal management of a business within a changing environment.
Is able to apply these concepts and techniques in the generation of Cost and Management Accounting reports.
Has the ability to interpret Cost and Management reports for analysis and control.
Is able to identify and critically appreciate appropriate Management Accounting techniques for decision-making, planning and control; and apply these techniques in the generation of Management Accounting reports.
3.
Understands the structure and operation of the system of taxation within his/her own country.
Understands the various taxation regulations relating to individuals and businesses.
Is able to identify, analyse and apply relevant taxation regulations to individual and business matters.
4.
Is able to explain the operation of the Legal System with regard to Common Law, Equity and Judicial Precedent, Civil Law, Criminal Law, Statute Law, Case Law and EC Law.
Understands and explains the role of courts and other methods of Dispute Resolution as they apply to business.
Identifies, describes and distinguishes between relevant legislation affecting the Accountant.
5.
Is competent in making effective and relevant decisions in the area of Financial Management.
Is able to assess and critically evaluate the principle concepts and techniques used in Financial Management.
6.
Demonstrates an understanding of the principles of Internal and External Auditing and the role of professional and legal bodies relating to the audit function.
Demonstrates knowledge of the techniques, procedures and skills used in the Internal and External Auditing process from planning through to reporting.
Develops the ability to evaluate the existing 'body' of auditing knowledge as a basis for further studies in Auditing.
7.
Displays an understanding of Information Systems in business and how they assist management decision by helping accountants to achieve organisational objectives and thus improve performance.
8.
Applies the key marketing and management theories, concepts and techniques to diagnose, analyse, resolve and understand the nature of management and marketing problems.
9.
Has developed skills in information selection, retrieval, analysis, synthesis, evaluation and criticism of Accountancy-related problems or issues.
10.
Displays a knowledge and understanding of the application of Management Accounting control and decision-making techniques, which enables him/her to communicate more effectively as an Accountant.
11.
Displays a comprehensive knowledge and understanding of Financial Accounting with respect to the Regulatory Framework and its application to financial reporting.
12.
Has acquired knowledge of the principle concepts and models used in the Strategic Management process and understands their contribution to improving business performance.
Has the ability to evaluate and apply the concepts and models used in the Strategic Management process to diagnose, analyse and understand organisational problems.
Integrated Assessment:
Integrated assessment is performed on a continuous basis through evaluation of performance in the workplace and during the learning process. Where the learner is not currently employed, formative assessments should simulate the work environment as realistically as possible. |
