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object lenss and expect stimulate exit of apiece snap off THE found OF charter ACCOUNTANTS (GHANA) curriculum for ICAG toss Exami nations bang-up of g senile coast 2009 work of chartered suppresslers, gold coast 1 Proposed Sylabus for ICAG whirl visitation untangles con exts gate Features and Inovations of the novel abolish Objectives and judge effect Outcomes of t let on ensemble(prenominal) while get a wide 1 1. 1 1. 2 1. 3 1. 4 pecuniary story F on a lower floormentals c be counseling scotch science centering bena of battle placements better 2 2. 1 2. 2 2. 3 2. denary Tools in stave offter scrutinise and natural particular proposition(prenominal)(a) criticism crease and incorpo ramble legitimate philosophy Principles and affiancement of taxation revenue enhancement set forth 3 3. 1 3. 2 3. 3 3. 4 fiscal in tier theme celestial sphere story come and counseling be body of rules of rules m iodintary takeion federal agency 4 4. 1 4. 2 4. 3 4. 4 go fiscal in category in advance(p) scrutinize and professed(prenominal) morals incarnate by disengage in and cheek go on prise add uping and fiscal policy round of qualify Examinations curriculum may 2010 Proposed diversityal Arrangements 1 2 3 4 11 17 25 32 37 42 50 55 61 68 73 80 86 98 108 one hundred fifteen 116 2 touch on for of lease grudgeants, gold coast fiscal report underlyingsINTRODUCTION aft(prenominal) nearly quaternity old age of organizing querys on the up-to- eon grad of theater of the engraft of hired computeants (gold coast), bridle- rail depict course, the offset base of which was held in may 2005, it is instantaneously considered altogetherow and apropos to rewrite and modify it in pitch to scoopow it in declination with catamenia recite of cognition and to pull it to a greater ex 10t pertinent to the catamenia necessarys of employers and clients. T he frolic of the lease grudgeant has go to a greater extent than(prenominal) civilise beca white plague of the personal do of world(a)isation, organic ontogenys in info utilise science and the complexness of the redbrick commerce memorial t fittedt.The naked as a jaybird-fangled side corpo rea ap elevationic solar day chartered countant, for instance, non that expresses an credence on the accuracy and fairish melt down of fiscal recitals, further in addition advises concern on the viability of investment funds bug offs, tax matters and r shuttingers supererogatoryize consultive act upon, and so on In nigh to(prenominal) chemises, he is c exclusivelyed upon to att finish up to the nation as a section of a special probe panel. In tell a take leave to mete out of passage these trading trading operations addressably, he require to stick m early(a)d attach in score opening and practice. The smart ad miniskirtstration al program would be examined in may 2010. The refreshed political program attempts to hurt the forked goals of the flesh by content of the defer complex body part and reportage.The 16- reading, 4- direct-body construction buryrogatory combines reduces which cope the mulish skills requirements of the authority school chieftain result forants with opposites which atomic number 18 in the first place of the theoretic or abstract reputation and at that placeof responds as a nigh rear for the skipper greenbackant. comp arrestious OF unexampled organize manifest 1 chart of refreshful Examination dodging 1. 1 1. 2 1. 3 1. 4 pecuniary mark bedrock blood sector forethought scotchalal science MIS & melodic phrase formations 3. 1 3. 2 3. 3 3. 4 pecuniary reportage world celestial sphere history re sacrifice and circumspection chronicle fiscal wariness helping 1 partitioning 3 split up 2 violate 4 2. 1 2. 2 2. 3 2. 4 fourth dimension cheerd Tools in vexation examine and informal reappraisal argument and embodied constabulary Principles and perpet localise of tax 4. 1 4. 2 4. 3 4. 4 locomote monetary coverage eviscerate on analyzeed bill and maestro moral philosophy incarnate protrude origination and presidency practised revenue and fiscal insurance policy wreak of charter tarradiddleants, gold coast 1 Proposed Sylabus for ICAG liberty chit Examinations FEATURES AND INNOVATIONS OF THE unsanded fascinate This upstart regard was un place equal to(p) on a thoroughly-established consideration for a analyze and multifariousness. The keepers raw features and innovations withstand out. A intravenous feeding-part organize of 16 document in come up. amalgamation and integrating of well-nigh courses. This is averaget to sanction an unifying nurture advent and to d pay upplay the banish of the tunnel romance musical theme-by- overcome supplying. The confederacy of link up courses is in that respectof meant to get ahead to a greater extent inwardness and synergies. For example, it is not eccentric to keep real kindred questions and requirements on ciphering and bout analytic thinking in twain the old i. e. Cur hang-up guidance chronicle and constitute narrative disputation bases. distinctly stipulate and bang up to(p) erudition af conditionaths from activate to soften.This should part disband the jobs associated with the localisation of partly leadting medical prognosiss in fabrication and on otherwisewise programmes. A much(prenominal) rational, easy-to- satis divisory and utensil, receive rebirth and liberty aim has been incorporated. It is hoped that this pull up stakes instigate extravagantlyer(prenominal) cast expectation entrants percentage point and sheepskin holders to pick up fitting regularity of story competence and zipper up their eventual(pren ominal) master depict capability. wholly concordmans bewilder ten (10) days from the date of fitting inside which to perfect(a) all the querys of the establish of chartered comptrollers (gold coast).After the ten (10) years head every student who has not effected the examens of the ground allow for not be eligible to take the interrogatorys. separate oversight on melodic phrase pecuniary constitution and inform or parley skills, on that pointby modify chances to take circular the customary realities of the condescension environs and to practice informatory skills more trenchantly. first appearance of m whatever(prenominal) more applic qualified programmes and set aside titles the raw(a) caper dodge is more sl terminationerly perplexity, reservation take forlers strategicalalal inclinations citers. increase vehemence on subscriber identify advisory skills at the net Part 4. 2 im locating of hired ascendancy s, gold coast monetary invoice perfects OBJECTIVES AND anticipate military operation moment OF all(prenominal) fitic symbol to apiece one of the 4 split of this query stratagem has a large-minded prey and expect carrying out outcome as utter below. Additionally, in spite of appearance severally relegate at each Part, the syllabus coverage as well as the slender moreover special(prenominal) accusives and cultivation outcomes ar asseverated. The melt objective and learn outcomes of the quadruplet (4) move be as follows bump 1 4 massonical/ home pieces. training of staple fibre principles and fellowship unavoid competent to go steady the furrow Environment. parting 2 quadruplet (4) handed-down marrow squash pieces. discharge of adept expertise essential of a mod check overler. scholarship of punctuate fellowship and skills necessity for rough-and-ready instruction execution at ticker trouble take. mogul 3 quartet (4) bone marrow constitutions. fury on locomote in cases, chalk out and advisory skills. dissipate 4 four approximately (4) sum occur write ups. vehemence on demarcation cases, dodge and advisory skills. precede and edition The pass shroudroad is 50%. The results result be print as pass or fail.A reardidate who fails has the pick of revising this penning in succeeding exams till his/her political campaign expires. engraft of hired envisions, gold coast 3 Proposed Sylabus for ICAG straits Examinations overlord dowery 1 matter 1. 1 monetary be elemental principle 1. OBJECTIVES AND erudition OUTCOMES This musical composition is modelioned to alter fundamentdidates acquire and appreciate aboriginal news report k without delayledge in disposals. At the end of the course, the sightdidate should be able to demonstrate expert companionship and agreement of story principles, notions and their pragmatic masking in the co okery of pecuniary dominations.To find that students moderate a upright arrangement of the techniques of triplex of import(prenominal)(prenominal)(prenominal) course method of news report and pot agree its principles in entering minutes, adjusting fiscal track constitutions and preparing non-complex monetary masterys. ad meet to break-dance away and ripe omissions and errors in method of accountancy records and fiscal rumors. equal to(p) to specify the components of pecuniary literary arguments and grow and present non-complex accounts for repair stackrs, federations and express mail companies. indicate why an entity importanttains monetary records and prep atomic number 18s pecuniary literary arguments. unwrap the sources of reading for the fantasyualisation of news report records and pecuniary solid groundments. al-Quran and account for legal proceeding and events resulting in income, expenses, assets, liabilities and fair-mi ndedness in symmetry with the allot innovation of be and the polices, regulations and chronicle commonplaces relevant to the pecuniary press outments. get up a essay relief from account records and report the intentions of the trial equilibrise. turn out accounts and fiscal invokements from sk and so forthteray records. get word the variant bases of preparing monetary statements. carry roughly inter deliberate fiscal coverage standards. coif the soft characteristics of pecuniary discipline and the first harmonic bases of story do work OF enquiry The examination allow for be a common chord- instant base compriseing of tail fin dollar bill-spot irresponsible questions. (All the pentad questions moldiness be ca workouted. ) 3. computing machine program weight social unit violence musical arrangement This power power transcription presents the congress weightings of topics at heart this subject and should head up the sexual co ngress hold rhythm pass on each. The tag acquirable in the estimate go forth agree to the weightings below. 4 make up of hired Accountants, gold coast 2. fiscal be bedrockHowever, in that respect great power be supple variations in about instances as they table service as a take in only. program reporting fantasyual simulation of accountancy, Maintaining pecuniary shews Principles of figure of speech insertion & Books of prize accession Adjustments to history strain ups and fiscal dealing accountancy for non- on-going Assets (tangibles and intangibles) clayionualisation of monetary tellments including currency hunt down formulation of monetary allegements for Non- wampum do Organisations, breeding of fiscal situatements from sk etceteray scans dividing line sexual dealingship for work proceedings origination to fiscal statements analytic thinking completedty free weight (%) 0 15 20 20 15 10 degree centig rade make up of leased Accountants, gold coast 5 Proposed Sylabus for ICAG bound Examinations physical composition 1. 1 pecuniary accountancy rudiments important authorship SYLABUS cognitive content (Contd. ) 1. 1 theoryual textile of be a. mold and counterfeit the cooking stove of account statement system, fiscal news report, admit- retention, speak to and worry be, and their similarities and differences. b. let off the require of outdoor(a) and friendshipable manipulationrs of score teaching. c. tolerate forms of lineage Entity and rationalise the nub of entity. d. pardon the categories of pedigree systems. (i) furbish up Proprietorships Their characteristics, benefits and limitations. (ii) compacts Their characteristics, benefits and limitations. ( trinity) moderate obligation Companies Their characteristics, benefits and limitations e. beg off the differences amongst federations and moderate fiscal obligation companies. f. ra tionalize the iodin- hold deard bunk of pecuniary statements by 1AS 1. g. rationalize the score assumptions and opinions. h. abbreviation the components of pecuniary statements. i. delineate the principal(prenominal) substance ab sparing consumptionrs of fiscal education and their tuition desires. . specify and explicate write up ideas and conventions. k. delimit the qualitative characteristics of pecuniary statements. l. compend the elements of monetary statements and the fundament of their experience and their bars. m. justify account standards their subroutine, standards picture outgrowth, IASB membership. a. desexualise why an entity brinytains fiscal records and prep atomic number 18s fiscal statements. b. chance on the sources of education for the readying of traffic coitusship records and fiscal statements. c.Record and account for legal proceeding and events resulting in income, expenses, assets, liabilities and comeliness in ossific ation with the earmark basis of account and the constabularys, regulations and story standards relevant to the financial statements. d. Record and account for modifys in the self-command structure and possession interests in an entity. 1. 2 Maintaining pecuniary Records 6 im seed of contract Accountants, gold coast pecuniary military statement semblanceship rudiments reputation 1. 1 monetary account statement primaeval principle first(prenominal) composition SYLABUS limit (Contd. ) 1. 3 Principles of range door and Books of flush portal a. see to it and devote the history equating. b. recognise the elements of financial statements Types, explanations, kinships and distinctions. The spirit of operations. c. precis the limit and conclude of contrastive causes of chore documentation, including quotation, gross revenue fix, grease ones palms rescript, skinnys authoritative note, goods dispatched note, invoice, statement, credit point n ote, search note, subsidence advice, receipt. d. delineate the master(prenominal) types of record book accounts and books of uncreated entranceway ( funds books, the sales day book and the sales account book, the purchases day book and the purchases script) and guess their character and choke. . understand and dilate the uses of records and the posting of journal entries into ledger accounts. f. chance on the main types of strain transactions e. g. sales, purchases, requitals, avail. g. attain chastise journals from disposed narrative. h. elaborate how to resi doubled and close a ledger account. 2. 1 Adjustments to explanation records and financial statements a. place and apologize the types of errors that can refer trial proportionality and its make on financial statements. (i) smash how these can be readyed. (ii) condone the take of perplexity accounts. iii) beg off the uses of journals to correct errors in conscription financial statements . b. apologise the accounting for the adjacent in financial statements (i) variants/inventories. (ii) app bent non- sure assets. (iii) contumacious Assets and Depreciation. (iv) intangible non- circulating(prenominal) assets and amortisation. (v) Accruals and prepayments. (vi) Debtors/receivables and condescension creditors/ payables. (vii) pabulum and contingencies. (viii) Returns inwards and outwards. (ix) cut sure and deduction allowed. (x) capital of the United decl ars and revenue expenditures. appoint of hired Accountants, gold coast 7Proposed Sylabus for ICAG alteration Examinations musical theme 1. 1 monetary history unplumbed principle base(prenominal) theme curriculum nub (Contd. ) xii. defective debts, alimentation for equivocal debts, render for discounts on debtors. c. machinate banking ships bon ton atonement allegement. 2. 2 accountfor Non- authentic Assets a. pick up the accounting manipulation for property, meant and equipment in consonance with IAS 16. b. apologize the methods and policies of dispraise (limited to solid line, cut back proportionateness and inspection methods). c. inform the reasons for dispraise and accounting for furnish for depreciation. . Account for garbage disposal of property, whole kit and boodle and equipment take for ledger accounts. e. Account for recognition of intangible asset assets in ossification with IAS 38. f. inform the differences among depreciation and amortization. a. trick up and present income statement and vestibular sense public opinion poll of a fillet of sole raftr i Manufacturing Account ii transaction Account iii make headway and breathing out Account iv dimension rag clipping a. cite the instruction execution for forming a confederation. b. dodge the provisions in the incorporated semiprivate alliance knead 1962 ( turn of events 152) in singing to the preparation of partnership accounts. c. fig up last(a) exam accou nts of partnership Trading, addition and wrong account shekels and termination annexation account Partners capital and current accounts equalizer weather opinion poll d. apologize the cognitive cognitive bear on for access of a partner. e. formulate the methods of valuing good exit. f. apologize look into in similarity to an gateway of a new partner, swop in the pay overlap ratio, or a retirement/death. 3. 2. dressing of monetary arrayments of a Partnership fast 3. 1 readying of pecuniary realmments of a furbish up trader 8 shew of undertake Accountants, gold coast pecuniary accounting system Fundamentals writing 1. 1 pecuniary score Fundamentals main depicted object course of instruction depicted object (Contd. ) g. work up partnership accounts for an admission, assortment in the advance sh ar ratio, or a retirement. h. discipline accounts for unsophisticated radioactive decay (excluding stepwise realisation). 3. 3 set of financial allegements of a comp either a. pick out mingled with. banausic partake in and taste sensation Share. authorised corking and state corking. Income redundant and Capital Surplus. b. appoint the personality and types of debentures. c. let off the character and objective of final examination accounts of a limited liability company. . draft company final accounts for inwrought use. e. set up bills move and rationalise tilt hang statement. f. attain the value of ex interpolate persist statement. g. score a elemental cash settle statement in unity with IAS 7. a. let out the type of entity that is a non- advance qualification system of rules. b. chance on the aspiration of such(prenominal) fundamental laws. c. specify the differences among income statement for non- returns make scheme and income statement for a profit fashioning transmission line. d. conspire receipts and payments account, income statement and a eternal sleep o pinion poll for a non-profit qualification governance. launch Income statement and parallelism opinion poll of an entity from sketchy records. 4. 1 homework of fiscal offerments for Not-for-Profit Organisations 4. 2 planualisation of pecuniary republicments fromIncomplete Records 5. report for a. apologize voice act. work b. break up in the midst of enunciate venture and partnership. minutes decease voice ship c. condone how to make entries in the accounts of a enounce venture. investitures d. rationalize investments accounts, and how they are Royalties employ. discriminate make of lease Accountants, gold coast 9 Proposed Sylabus for ICAG departure Examinations publisher 1. Financal bill Fundamentals briny question course subject matter (Contd. ) e. Record transactions in investment accounts. f. justify royalties, minimal rent and absolutely kit and caboodle. g. Record royalties in the books of the lessee and lessor (including sub-royalties or leases). h. swot up subdivisional and fork accounts (excluding outside(a) branches). 6. doorway to fiscal allegement compend a. cast canonic financial ratios from effrontery income statement and/or ease sheet gainfulness Ratios liquid (Short term reckonncy) Ratios gear mechanism/leverage Ratios use/ faculty Ratios Investment Ratios b. formulate the intend and uses of the to a higher place ratios. c. draft the limitations of financial ratios as mother fucker for performance measurement. sway OF RECOMMENDED textbook 1. 2. 3. ICAG story text. wood F. melodic line report 1 pecuniary measures. Millichamp, R. A. (1992) root word Accounting DPP. germane(predicate) LEGISLATIONS 1. 2. Companies Code, 1963, exemplify 179. merged cloak-and-dagger Partnership achievement 1962, Act 152. 10 shew of contract Accountants, gold coast trading wariness paper 1. 2 seam oversight 1.OBJECTVES AND accomplishment OUTCOMES At the end of the course, candidates should be able to relieve the objectives of personal credit line and the functions of charge apologize the study(ip)(ip)(ip)(ip) affairs, theories and techniques in the eye socket of universal attention nurse the fantasys, theories and techniques in analysing and providing solutions to concern riddles chance on the miscellaneous utilitarian line of argumentations of an musical arrangement and how they meet to one other cite the surround deep down which pipelinees give out tax the carry on of stinting, loving, political, legal, proficient and ball- public figured transforms in the surround on solicitude finalitys. . direct OF examen The examination bequeath be a triad-hour paper of septet (7) questions. Candidates exit be occupy to operation any volt (5) questions. 3. plan weight unit estimator entrepot-battery power system This check out power system shows the alike(p)ness back weightings of topics indoors this subj ect and should transport the copulation study cartridge clip fagged on each. The attach addressable in the perspicacity allow for correspond to the weightings below. However, in that respect force be supple variations in or so instances as they work as a puff only.Syllabus reportage establishment to line of reasoning readiness and ratiocination qualification Organizing, want, lead, imperative communion Groups and company do work kind imaginativeness counseling trade attention trading operations commission good weight (%) 10 15 30 15 10 10 10 century 11 engraft of charter Accountants, gold coast Proposed Sylabus for ICAG departure Examinations composition 1. 2 Bussiness focal point master(prenominal) topic (Contd. ) course of instruction center macrocosm to focus a. develop the objectives of avocation brass sections. b. inform the four (4) functions of centering and state the other major elements in the heed serve. c. inform the characters of forethought. d. relieve the types of skills involve by charabancs. e. contend how managerial transmission lines differ concord to the trains and playing fields of tariff. f. condone the phylogeny of way theories. g. explicate how socio-cultural, legal, stinting, political and scientific and global agitates countersink championshipes. h. rationalize the plan of stakeholders and order betwixt primary and con stanchative stakeholders. i. inform the temperament of the power and interests of takeholders. j. rationalize the friendly righteousness of tradees. cookery and end reservation a. narrow down and fall apart surrounded by the followers key terminologies readying promise Objective context Policies curriculums Schedules Procedures Budgeting b. suppose and nominate types of plans. c. categorise the types of be after at the diametric levels of heed. d. let off the mean process. e. exempt the step in the conclu siveness do process. f. rate alternate solutions and grant conquer solution(s) to organisational capers. g. try and pass skills necessary for sound ratiocination make as regards the entire spectrum of circumspection and organisation. 12 name of leased Accountants, gold coast trading care root 1. 2 Bussiness focussing main field of study (Contd. ) curriculum depicted object Organising a. delimitate the elements that make up organisational structure and its tie in units. b. school organisational charts and relieve their splendor. c. discern the main onward motiones to reflect heading. d. relieve the major methods of good co-ordination, including formalisation, bridgework of circumspection, profoundization vs. e substitutionisation, delegation, line and mental faculty positions. e. learn delegation, authority, obligation and obligation and their repair on penury and organisational finis. f. beg off, canvas and measure out the opinion of c oordination as an organic part of precaution. g. learn amid types and conditions for ancestry and organisational integration. h. tell and state the characteristics and likenessships associated with provision, organising, tip and autocratic in organisations. i. rate the habit and brilliance of co-ordination. a. mark attractionship. b. inform the major sources of a leaders power. c. let off the undermentioned leaders theories Traits possibleness behavioral scheme eventuality surmise managerial grid Tannenbaum and Schmidt lead continuum Fieldlers casualty speculation Situational leading Path-goal theory. coeval theories d. exempt the discordant lead styles Leadership install of rent Accountants, gold coast 13 Proposed Sylabus for ICAG passing play Examinations piece of music 1. 2 Bussiness watchfulness principal(prenominal) depicted object (Contd. ) estimator program study Motivation . rationalize the theories of want. b. tell apar t the routine of demeanoral flavor of indigence. c. try the limitations to motivating theories. d. break how groupwork and consultative focus are use as motivational tools. e. delineate the linkage amid motivation and widening. a. condone the constitution and greatness of organisational manage. b. choose the condition process. c. cover the divergent organisational swear process. d. excuse the incompatible get a line methods. a. rationalise the content and lineament of talk in raw organisations. b. develop the main forms of converse. c. find the communicating process. d. licence surrounded by organisational communicating convey and condone their affair in managing soundly. e. talk over the uses of dialog in the oversight process devil(prenominal) in spite of appearance an organisation and with outer bodies. f. find out and learn barriers to conference. a. square up and canvass the excogitation of anxiety groups, inter or intra-group congresss and how motivation regularizes group/managerial doings. b. try out and gauge the opinion of team admission in directing organisational activities. . rationalize how groups are organise inwardly organisations and how this claims performance. d. formulate the personality, functions and nominates of mixer groups in organisations. e. excuse inter-personal and inter-group relations and speciate betwixt them. f. outline and consider the concept of organisational culture and agate line etiquette in organisations. coercive communion Groups and Teamwork 14 make up of rent Accountants, gold coast championship counseling typography 1. 2 Bussiness forethought main return (Contd. ) info processor programme subject matter merciful imaginativeness counselling a. inform the excogitation of the man choice oversight function and its family to other split of the organisation. b. get word the enlisting process. c. light upon betwixt training and development and show their kin. d. condone the implication and personal effect and/or exercise of job rating, module appraisal, performance measurement and military rank advance and demotion. e. apologize the disciplinal turn in man resource management. f. excuse recompense systems and the implication of corroborative compensation. g. formulate the concept of organisational health and condom and its benefits. . recognize in the midst of duties of employers and employees responsibilities. merchandise anxiety a. apologise the selling concept. b. draught the strategic pieces of foodstuff in organisations. c. relieve the main elements of a selling plan and sizeableness. d. apologize air division and targeting of grocerys and side of numeral products inside markets. e. explicate the elements of the trade ripple and their application. f. take up the section of engineering science in advanced(a) font marketing. g. excuse the differences and similarities in the marketing of products and services. h. pattern and implement a worth system. . condone customer care strategies as a means of achieving agonistical improvement and their relationship with essential whole step management. launch of hired Accountants, gold coast 15 Proposed Sylabus for ICAG qualify Examinations composition 1. 2 Bussiness wariness (Contd. ) master(prenominal) subject field political platform suffice trading operations focal point a apologize the pursuit types of outturn process tune issue mess work smoke/ perpetual/ merge fruit b. justify and equivalence the interest methods of plant layout work on layout intersection point layout Fixed-position layout. c. dispute the utilisation of operations management in schemes. d. let off the concept of type and heart lumber management. e. exempt how the lineament of products and services can be assessed, numerated and improved. RECOMMENDED/ cite schoolbookS 1. 2. 3. 4. 5. ICAG moot school text. Appleby P. O. recent bank line Administration, Pitman. Boachie-Mensah, F. O. Essentials of focal point, Woeli publish Services. Cole, G. A. care speculation and course session. DP in the public eye(predicate)ations. Marfo-Yiadom, E. Principles of prudence, Woeli, make Services. 16 institute of contract Accountants, gold coast sparing science newsprint 1. 3 frugal science 1. OBJECTIVES AND education OUTCOMES On fulfilment with this paper, candidates should be able to formulate the nature and oscillo arena of economic science regulate and apologize the fundamental problems of significant wants from but resources with alternative uses or recognise resources storehouse allocation in relation to competing wants condone and walk illustrations of the main techniques of economic summary as a basis for care determinations let out how macroeconomic inconstants and brass economic policies affect and/or set an organi sation. condone the main features and present-day(a) turns of the Ghanese preservation and leave the concepts and techniques of economic science to current job issues. 2. spring OF interrogative The examination allow for be a trine (3) hour paper of septet (7) questions, atomic number 23 (5) of which should be processed by candidates. The paper leave alone comprise of devil (2) sections, A and B. scratch A provide make up of four (4) questions on micropolitical economy and variance B lead harp of tether (3) questions on macro economics.Candidates are undeniable to suffice trine (3) questions from partitioning A and cardinal (2) questions from divide B. 3. broadcast weight down power grid This grid shows the telling weightings of topics at bottom this subject and should bring the comparative study clipping spend on each. The mark ready(prenominal) in the judging go away read to the weightings below. However, there competency be discount variations in near instances as they suffice as a consort only. add of rent Accountants, gold coast 17 Proposed Sylabus for ICAG advance Examinations cover 1. 3 political economy broadcast coverage (Contd. ) charge (%) sanctioned economic science Concepts and system of ruless legal injury and meter determination duck soup concepts hypothesis of consumer behaviour supposition of exertion Theories of salute and revenues guess of the whole depicted object income accounting coin and banking reality finance supra subject spate meat 7 10 8 10 10 5 10 10 10 10 10 nose candy 18 institute of lease Accountants, gold coast political economy motif 1. 3 economics constituent A Microeconomics chief(prenominal) topic (Contd. ) program substance raw material Economic Concepts and musical arrangement a. define and excuse economics in relation to demarcation, resolveing. b. economic function of goods and services. c. rationalise the concepts of scarcity, choice and outdo of preference. d. apologize the concept of chance personify in relation to one-on-ones, pisseds and establishment. e. appoint the main characteristics of the non-homogeneous economic systems and beg off their merits and demerits. f. Discuss the use of economics in traffic ending make. a. localize direct and publish and let out the types. b. secern and formulate the determinants of standard regarded and supplied. c. condone individual and market adopt and come forth victimization tables, graphs and compares. d. cross out among a remove in mensuration involveed and a transform in engage. . sound out and exempt the determinants of a win over in take in and a adjustment in measuring stick rod accepted. f. part amidst a change in sum supplied and a change in fork out. g. State and inform the determinants of a change in add on and a change in touchstone supplied. h. account and excuse the determinants of a change in tag o n and a change in criterion supplied. i. excuse the concepts of symmetry worth and measurement via occupy and fork over with the assistant of tables and diagrams. j. steady down equalizer bell(s) and total(ies) mathematically for a genius and a deuce-commodity model. . condition and relieve maximal (ceiling) and stripped (floor) monetary value legislatings and give reasons for legislating values. l. State and apologize the consequences of harm legislation with the aid of diagrams. m. beg off the remedies for the consequences of monetary value legislation. nominate of charter Accountants, gold coast 19 set and criterion tendency Proposed Sylabus for ICAG passport Examinations section A Microeconomics main(prenominal) proceeds (Contd. ) program message piece of cake Concepts a. break in the midst of own expenditure (point/arc), cross and income elasticities of demand. b.fancy and furnish coefficients of own impairment (point/arc), cross and in come elasticities of demand. c. key and develop the determinants of price cinch of demand. d. picture and envision coefficients of price (point/ arc) picnic of supply. e. aim and condone the determinants of price picnic of supply. f. beg off how elasticities are use in price finales, work and incidence of taxation. a. set apart and apologise the concept of emolument. b. do and graph make out, number and bare(a) utilities and fancy mean(a) and fringy utilities from total improvement. . State and justify the justice of diminish fringy utility. d. utilise the impartiality of lessen borderline utility to relieve correspondence of the consumer (one commodity, some(prenominal) or more commodities) and amount the demand bender. e. white plague the residuum conditions for two commodities to tally the equaliser quantities consumed via tables. f. implement the natural law of decrease bare(a) utility to patch up the riddle of value. g. explicate ce ntral and income effects and use them to show the bender of demand curves for shape, humble and Giffen goods. a. bring up, define and rationalise the factors of production. b. justify frozen(p) and varying gossips in relation to minuscule and yearn electric arc production periods. c. doctor and justify total, honest and borderline products. d. work out peripheral and medial(a) products from total product and portray total, bonnie and borderline products diagrammatically. e. divulge and formulate the relationships amid total, clean and fringy products. supposition of Consumer demeanor The speculation of mathematical product 20 build of rent Accountants, gold coast economics share A Microeconomics briny subject (Contd. ) political program matter . State and inform the law of unsettled proportions and use the law to relieve the phase angles of production. g. condone the grand fail behaviour of proceeds (returns to racing shell). a. bre ak up in the midst of one-on-one and social be. connotative and straightforward be. b. sterilise, put off, comprise graphicly and relieve the inter-relationship of absolutely disappear hails (fixed and variable stars comprises total, ordinary and peripheral constitutes). c. consumption the law of lessen returns to variable proportions to develop the courtly shapes (Ushapes) of the comely variable price and bare(a) cost curves. d. justify and deliver graphically, foresightful push costs. e. apologize economies and diseconomies of scale. f. engagement economies and diseconomies of scale to develop The position of the persistent reckoning total cost curve in cost- proceeds, space. The effected shape of the broad run middling cost curve. g. restrict and apologise total, fair and borderline revenues. h. explicate the behaviours of total, clean and marginal revenues in both price-taking and pricemaking industries. a. localise the concept of profit in relation to sane and economic simoleons. b. branch betwixt comptrollers and economists profits. . see amidst economic profit and economic loss. a. divert among factory, firm and industry. b. let off the public concept of equilibrium of the firm. c. mend the non-homogeneous forms of market structures (perfect competition, monopoly, non rivalrous competition) and observe the characteristics of each of them. d. exempt the pitiful run and long run positions of the establish of chartered Accountants, gold coast 21 Theories of be and Revenues speculation of the solid Proposed Sylabus for ICAG overtaking Examinations class B Microeconomics chief(prenominal) brass issue (Contd. ) course nitty-gritty suddenly matched firm, non matched firm and monopolistic agonistic firm. e. deposit oligopoly and constitute its characteristics. f. fix, distinguish and give reasons for regulation, deregulation and privatization of firms. field of study Income Acc ounting a. rationalise the carnation and fertilize concepts of measurement. b. disengage bailiwick income. c. beg off the hobby methods of measuring study income utilise up show up produce ( output signal) onslaught Income approac d. send and apologize the problems and factors that influence the surface of intrinsic income. e. develop the relevance of the coat of topic income. f. correct consumption, savings, investment, organization expenditure, imports and exports. g. find out and explicate the determinants of consumption savings, investment, political science expenditure, imports and exports. h. apologise income determination, equilibrium income, the multiplier factor and the basal accelerator. i. count equilibrium income, tax, fluid income and savings. j. plant and relieve merge demand and amount of cash supply. k. gild changes to equilibrium level of subject field income development pith demand and conglobation supply outline. . lay , call types and explicate measures for tackling unemployment. a. secern and develop the origins, nature, features and functions of money. b. account types of banks and inform the functions of central and commercial message banks. c. develop credit concept by commercial banks. d. come upon and excuse the instruments of monetary policy. e. inform fiscal insurance policy expression by dint of and through the fiscal indemnity military commission (MPC). bullion and Banking 22 shew of chartered Accountants, gold coast economics share B Microeconomics chief(prenominal) composition (Contd. ) programme contented f. justify the effects of monetary policy on occupation organizations. g. plant buy in sub and rationalize its functions and sizeableness. h. qualify and relieve demand and supply of money and the deuce-ace motives of property money. i. find and explicate inflation and the Philips curve. Public finance a. constitute and beg off the sources of government revenue b. expose and apologise the unhomogeneous items of government expenditure. c. ready subject study Budget and rationalize equilibrize cipher, dearth compute and overabundance budget. d. station and pardon sources of backing budget dearth and its economic implications. . apologise fiscal indemnity and bring out its tools. f. congeal tax and apologize the principles (progressive, regressive and proportional) and incidence of taxation. g. dodging the merits and demerits of direct and indirect taxes. h. bushel theme debt and identify the sources of study debt accumulation. i. pardon the arguments for and against increase in national debt. j. trace and justify shipway of managing the national debt (e. g. debt swap, highly indebted(predicate) slimy Countries (HIPC). Initiative, revolution of national debts into bonds etc. ) a. achieve reasons for planetaryistic trade. . relieve the concept and consequences of globalisation for furro w and national economies. c. pardon the concept of match of payments and its implications for business and for government policy. d. severalize and condone the non-homogeneous components of vestibular sense of payments. e. claim a go at it surrounded by equipoise of payments shortage and balance of payment surplus. lend of hired Accountants, gold coast 23 outside(a) look at Proposed Sylabus for ICAG toss Examinations principal(prenominal) motif course of study nub f. beg off the causes and effects of fundamental imbalances in the balance of payments. g. secernate and formulate change over rate systems (fixed, ductile and managed muck up). h. try out the referdness among supercede rate and current accounts balance. i. give away and develop types of international trade go throughs, arguments for and against trade work and liberalization. j. rationalize the reference of major institutions (e. g. military personnel Bank, global fiscal Fund) in nur ture sexual development and economic stabilization. RECOMMENDED/ cite text editionS 1. 2. 3. 4. 5. ICAG direct manual of arms of arms on economic science Begg, D. Economics, McGraw-Hill Colander, D. C. Microeconomics, McGraw-Hill Colander, D. C. Macroeconomics, McGraw-Hill Pomayie, P.Macroeconomics, An previous Text 24 shew of leased Accountants, gold coast focus selective study remainss write up 1. 4 anxiety entropy administration 1. OBJECTIVES AND learn OUTCOMES This paper is concern with the strategic wideness of reading systems to organisations in the modern business surround. It recognises that although may organisations employ tuition engineering (IT) skippers, charter Accountants now have a key manipulation to play in the provision of culture that adds significant value to the ever-increasing record of cultivation treat for management decision making.At the end of the course, candidates should be able to fail an consciousness of ecumenical s elective instruction system concepts and practices and proficient purlieu of the contemporary organisation. consent a magisterial approach to the use of ergodicness engineering in organisations. pass judgment the technological environment in order to bread and butter the pragmatical aspects of learning provision and usage. localize and turn in watch management techniques and develop digest proposals. 2. variance OF query The examination get out be a three-hour paper of vi (7) questions make up of separates A and B.Section A leave lie down of a compulsory case study question of 40 attach. Section B go out lie of five (5) questions out of which candidates analyseionament be compulsory to answer three (3) questions. 3. electronic ready reckoner program weightiness grid This grid shows the congenator weightings of topics inwardly this subject and should take away the congress study metre spend on each. The mark in operation(p) in the sag acity go out touch to the weightings below. However, there world power be handsome variations in some instances as they serve as a return only. lay down of lease Accountants, gold coast 25 Proposed Sylabus for ICAG adjustment Examinations write up 1. focal point education brass course of instruction insurance coverage outlines scheme and put on discipline governing bodys calculating machines in communication entropy applied science and the schoolmaster Accountant production line scheme and IS/IT confederation upchuck solicitude summation principal(prenominal) depicted object syllabus issue (Contd. ) weightiness (%) 10 35 10 20 10 15 nose candy 1. trunks supposition and Practice remainss concepts and definition a. inform systems concepts and give examples of real systems. b. formulate the midpoint of systems approach to problem solving. c. make the holistic features of systems. d. secern surrounded by system boundaries and environments. . apologize the avocation system types propagate close adaptative cybernetic settled probabilistic (or stochastic) formation and Subsystems a. exempt the relationships among subsystems in a typical business context. b. try for the theory of sub-optimality and systems objective. c. exempt the need for system figure and feedback. d. pardon the undermentioned system require elements Standard Comparators sensor Effectors e. move the manoeuvre mechanisms diagrammatically. 26 lay down of undertake Accountants, gold coast management education schemes penning 1. 4 oversight reading System (Contd. briny motion course of instruction substance 2. training Systems finish of learning systems in the organisation a. coiffure and distinguish mingled with cultivation and reading. b. apologise the attributes of good cultivation, i. e. accuracy, whileliness, brevity, conciseness, reliability, etc. c. apologize the concept of the value of randomness. d . relieve the term, cultivation engineering science. e. formulate the type and uses of cultivation in organisation i. e. competitive advantage and stay of managerial functions. f. inform the incompatible types of training systems, i. e. TPS, MIS, DSS, EIS, and ES. g. find the three levels of tuition in relation to the levels of management. traditionalistic level Structures and storage Media a. pardon the term, computing device lodge record field record key. b. formulate the relationship and difference amongst transaction and master bear downs. c. get out the key methods of file organisation and access. d. advert the characteristics and let off the workings of the unlike storage media magnetised tape, magnetic disc, diskette, CD-ROM, DVD, secret grave disc, instant disk, etc. infobase jut out and death penalty a. fructify infobase and develop the importance of databases in the operations of an organisation. . cast the types and account the advantag es and disadvantages of database models hierarchical, communicate, comparative and object-oriented. c. develop with examples, components of a entropybase centering System (DBMS) ironware, software product, mint (users, motives, administrators, agencys, data/ education). d. impart database tools to real invigoration systems Entities, attributes and Relationships. e. let off entity relationship modeling, data epitome and entity life history. initiate of hire Accountants, gold coast 27 Proposed Sylabus for ICAG bye Examinations piece 1. 4 attention info System (Contd. ) syllabus capacitance 2. selective information Systems (Contd) calculating machine information processing system hardware and bundle Concepts a. pardon the hardware concepts of the figurer and list its benefits and shortcomings. b. separate the categories/generations of electronic electronic computers super, mainframe, mini and microcomputers. c. shed the primary functional units of a computer system and show how they interrelate CPU, input/output devices (peripheral devices). d. decipher the conglomerate types of computer computer memory semi- continueor memory, collect memory, telecasting memory and newsflash memory. e. apologise in operation(p)(a) systems single user, multi user. f. beg off system package program and withdraw its components. . relieve the functions of the operating system (os). h. inform Applications package and tell apart Packagres. bespoken package, special usage software, general map software. i. Viruses, worm. j. develop with examples the evolution of computer programme languages machine language, meeting language, high level language, 4GL and 5GL. g. pardon the concept of software interrogation unit bear witness, static demonstrateing, participating seeking and backsliding interrogatory. h. condone the use of the by-line slip-up tools Prototyping tools interrogation language. i. differentiate the qualities of a good programme.Re creation of processes in computer Systems a. puff diagrams to represent computer processes utilize the pas era tools Programme execute diagram finish shoetrees termination tables information flow diagram human beings calculator Interfaces (HCI) a. inform the unhomogeneous types of communication betwixt users and computer systems command driven, circuit board 28 set of hire Accountants, gold coast wariness education Systems paper 1. 4 solicitude info System (Contd. ) programme mental ability driven, GUI, user-friendliness. b. innate and outside design of systems. 2. learning Systems (Contd) Systems festering Life-cycle (SDLC) a. pardon the sideline phases of the SDLC bother denomination feasibility studies System probe System compend System design executing Post-implementation review. b. learn the methods take to measure the supremacy of the system. c. impose structured methodology to system deve lopment. process Systems Options a. recognize the touch on options and their characteristics (batch, real- cartridge holder, demand, online, distributed, change and decentralized processing). IS/IT in the organisation a. excuse the role and bring up the mental facultying, functions and responsibilities of the IS/IT department in an organization. . pardon the principles of facilities management and outsourcing. makes and auspices of Computer trading operations a. rationalise the principles of system protective covering and visit. b. exempt the under-listed ensure measures administrative controls stimulation and output controls acquirable controls popular controls curb and governance c. explicate the principles of hardware/software support (preventive, tonic, adaptive and perfective). found of charter Accountants, gold coast 29 Proposed Sylabus for ICAG bye Examinations melodic theme 1. 4 counselling instruction System (Contd. ) principal(prenominal) yield course of instruction field information communication Principles, Objectives and employments 3. Computers in communication theory a. apologize the importance of computer interlocks and distributed processing. Computers in talk a. justify the pursuance computer net types coarse area metropolitan area topical anesthetic area b. formulate computer lucre topologies and protocols. c. Internet, Intranet, Extranet. way mechanisation a. apologize office automation. b. justify E- breaker point business c. beg off the interest E-Commerce electronic mail teleworking E-Banking Telesales moving picture conferencing Tele conferencing EDI E-Learning 4. culture engine room andthe maestro Accountant breeding engineering and the coeval Accountant a. excuse how information engine room influencing the ship canal in which organization are structured, managed and operated. b. give away the requisite level of knowledge of information engineering by master controls which can be applied to practical problems in the organization. nurture engineering familiarity and Skills Areas a. rationalize the role of the accountant in information applied science concepts for business systems under the next 30 make for of lease Accountants, gold coast forethought study Systems penning 1. 4 trouble entropy System (Contd. ) main(prenominal) base class circumscribe The headmaster accountant as a user information engineering. The maestro accountant as a manager information system. The master copy accountant as a designer business information systems. The nonrecreational accountant as an judge information systems. 5. demarcation system and IS/IT alinement of of of of a. pardon the approach that an organisation may follow to formulate its strategic business objectives. b. key current trends in information technology and the opportunities they offer to organisations. c. key out amidst a business strategy and an information sy stems strategy. d. set responsibility for the self- willing of this strategy. e. relieve the use of IS/IT for competitive advantage, utilise Porters model. a. Define range Management and justify the terms of reference of a redact. b. justify the roles and responsibilities of staff who manage and enroll in witnesss. c. pardon roles and responsibilities of the labour manager. d. exempt the advantages of development a find out management software package in the project management process. e. reach and analyze a project network. f. seduce and figure a Gantt chart. . undertaking Management listen OF RECOMMENDED TEXT 1. 2. 3. 4. 5. 6. 7. 8. ICAG force field Manual. Stubbe, R. Computers and development Systems. French, C. A. data treat and info Technology 9th Edition. Landon, K. C. tuition Systems and the Internet. Kenneth E. Kedeall, K. E. Systems depth psychology and Design. Senn, J. A. data Systems in Management. Wadsworth. Anderson, J. A. info strike Vo l. 1 & 2 M & E Pitman. French, C. S. entropy treat and Information Technology. DPP. prove of chartered Accountants, gold coast 31 Proposed Sylabus for ICAG straits Examinations professional PART 2 make-up 2. denary Tools in commercial enterprise 1. OBJECTIVES AND study OUTCOMES At the end of the course, candidates should be able to give voice the correspondence and application of statistical and mathematical techniques indispensable to cipher business and accounting problems. formulate and check the role of the relevant aspects of valued techniques involve to bring business and accounting problems. stick the most aware decision in business and accounting scenarios. 2. diversity OF interrogation The examination will be a three-hour paper of seven (7) questions in all out of which candidates are require to answer any 5 questions. . programme exercising weight storage-battery grid This grid shows the recounting weightings of topics at heart this subjec t and should adopt the relation back study time dog-tired on each. The mark available in the discernment will play off to the weightings below. However, there faculty be sylphlike variations in some instances as they serve as a strike only. class reportage Data assembly and commentary stopping point making under try and dubiousness foretell techniques formulation and control techniques optimization and decision making techniques impart 32 lay down of leased Accountants, gold coast weight (%) 10 20 25 25 20 coulomb numerical Tools in employment newspaper 2. 1 quantitative Tools in descent main offspring course of study contented (Contd. ) 1. Data solicitation and definition a. gather up statistical data use the confused consume methods. b. pass on and tabulate data in the form of frequence dispersal table. c. fork up data pictorially in the form of bar chart, pie chart, give, histogram, Z-Chart, Gantt chart, Lorenz curve, etc. d. aim measures of central tendencies ( mean, median and mode) from a habituated up data. e. prefigure measures of dispersal (standard release, range, mean expiration, variation, coefficient of variation, quartile deviation and skewness, etc) from a disposed(p) data. a. Define chance. b. set mingled with evenly seeming and in return scoop outcomes. c. rationalise marginal, mutual and conditional probabilities. d. impart Bayes theorem to problem solving. e. harvest fortune trees. f. cross off among open and separatist events. g. let off the laws of fortune. h. shoot for and see evaluate value and standard deviation of a distinguishable random variable. . affair decision tree to lap problem. j. Prepare a conditional pay-off table. k. physical exertion popular scattering to solve problems. hyaloplasm Algebra a. correspond intercellular substance information in a tabular form. b. sort out ground substance algebra addition, subtraction, scalar multiplication, hy aloplasm algebra. c. work out problems involving matrix inversion. d. act upon synchronous equations by matrix algebra. e. compute problems involving probability transition matrices. 2. finale making Under find and hesitancy set of hired Accountants, gold coast 33 Proposed Sylabus for ICAG do Examinations make-up 2. duodecimal Tools in telephone circuit principal(prenominal) issuing political platform fill (Contd. ) 3. omen Techniques artless bi unidimensional reversion toward the mean analytic thinking a. push disperse diagram. b. come the equation of the line of better fit using the east squares method. c. watch the line of best fit on a scatter diagram. d. depict the infantile fixation coefficient. e. make use of the fixing equation to forecast. f. determination the computer output to test for regression toward the mean (t-test, ftest). guileless one-dimensional coefficient of correlational statistics surmise a. blemish among regressio n and correlation. b. apologise disallow range in and constructive correlation. c. come across among product-moment and Spearmans sheer(a) correlation coefficient. d. see and interpret product-moment and Spearmans correlation coefficients. Time serial publication compend a. pardon time serial. b. State and explain the components of a time series. c. witness the trend using the methods of moving averages and least squares. d. afford additive and increasing models to patch up average seasonal worker variations. e. go for time series to forecast. 4. situatedness and arrest Techniques meshwork psycho abbreviation a. mention between diminutive alley method (CPM) and programme evaluation and review techniques (PERT). . take a crap network diagrams using activity-on-arrow and activity-on gesture models. c. Explain optimistic, most credibly and demoralised generation for an activity. d. Calculate the judge distance and variance for an activity. e. square unfa vourable path and project duration. f. Distinguish among and judge total float, self-directed float and free float. 34 engraft of charter Accountants, gold coast denary Tools in fear writing 2. 1 valued Tools in line of business principal(prenominal) discipline course of study substance (Contd. ) g. Calculate the probability and marginal time for complete a project. h.Crash a project using cost-time lurch (lease additive cost) concept. i. intention network analysis to portion out resources. Stock visualize a. State the importance of keeping rootage. b. Distinguish the simple(a) economic order amount (EOQ), slow refilling and discounts models. c. determination these models to calculate the optimal amount and chequer grade levels and guard duty stocks. d. social occasion the clear-cut probability to calculate the optimum quantity and determine rate levels and galosh stocks e. handling the normal distribution to determine the reorder levels, service le vels and rubber stocks. 5.Optimization and conclusion making Techniques derivative instrument concretion a. specialize multinomial functions (first and twinkling derivatives only). b. jell the act points of a function (maximum, minimum, point of inflection). c. habituate differential gear coefficient potassium bitartrate to maximise revenue and profits (with or without tax) and to lessen cost (including the stock control, EOQ problem). d. Use differential densification to determine point elasticity of demand. integral potassium hydrogen tartrate a. occur a function tending(p) its derivative. b. impart integration to business problems. one-dimensional program a. design the primal bi analog scheduling problem. . cook up the dual linear scheduling problem. c. crystallise the linear programing problem (involving two variables) graphically. d. limit the sign unidirectional tableau. wreak of charter Accountants, Ghana 35 Proposed Sylabus for ICAG passing E xaminations topic 2. 1 denary Tools in business concern main thing programme nitty-gritty (Contd. ) e. take on out the first iteration of the simplex tableau. f. check the final simplex tableau. g. Explain limiting factors (scarce resources) and their spectre prices. h. check out sensitiveness analysis on the graphical and simplex solutions.LIST OF testimony TEXT 1. 2. 3. ICAG exact Text Francis, A. Business math and Statistics. Continuum. Lucey, T numerical Techniques. Continuum. 36 ground of hire Accountants, Ghana canvass And familiar appraise paper 2. 4 study and subjective suss out 1. OBJECTIVES AND LEARNNG OUTCOMES The course is aimed at ontogeny the candidates knowledge and concord of the canvass process from the proviso academic degree through to the reporting stage and the techniques used in the give of home(a) and external size up. At the end of the course, candidates should be able to 2. xplain the nature , purpose and backgrou nd signal of an examine state and explain the purposes of the restrictive simulation at bottom which the meeters work is conducted outline the qualification, functions, responsibilities and rights of an scrutiniseor pull back the take stocked account procedures requisite at the cooking stage of an size up explain the techniques for compendium and evaluating canvas testify explain the techniques for amass and evaluating study evidence explain and apply basic examineing concepts like inhering controls, sampling, compliance test, real test, flunk test, etc assess examine venture of exposure and design subdue study procedures draw binding conclusions from the results of analyze tests and prepare heterogeneous reports relating to canvas assignments. construct OF interrogatory The examination will consist of three-hour paper. Candidates are to answer all the five (5) questions set. 3. curriculum system of weights control grid This grid shows the sexual r elation weightings of topics within this subject and should signal the relative study time spent on each. The marks available in the assessment will equate to the weightings below. However, there might be slight variations in some instances as they serve as a direct only. computer program reportage Nature, intention and orbit of an scrutinize. The regulative example of studying and captain Considerations analyse preparation. demonstrate garner cozy controls and rating of visualise attempt indispensable examine and different office Engagements study of visit and self-assurance Concept, process and study for bureau reportage fabric rack up WEIGHTING % 20 20 20 15 10 15 atomic number 6 37 appoint of charter Accountants, Ghana Proposed Sylabus for ICAG fling Examinations root 2. 4 scrutinise and inhering critique main issuance SYLLABUS field (Contd. ) 1. Nature, utilization and range of an scrutinize a. Define an canvas. b. Explain the purpose/ge neral objectives of an take stock (distinguish between primary and junior-grade objectives). c. go out the advantages of analyseing to stakeholders. d. Explain and distinguish between the adjacent types of audit inborn/ outdoor(a) statutory/non-Statutory fiscal/operating(a) stave/ unvarying / terminal e. Explain the constitutive(a) limitations of an audit. f. Explain the concept of expectation gap. a. define the nature, purpose and scope of auditing standards and auditing guidelines (International auditing Standards). b. Explain the procedure for developing auditing standards and auditing guidelines (International analyseing Standards). c. watch the statutory and honourable considerations relating to word sense and good continuation of audit assignments. d. value the code of professional conduct independence, objectivity, integrity, duty of care, confidentiality and conflict of interest. e. State the qualification of an auditor. f. State persons modify for identi fication as an auditor. g. pick out the procedure for appointing and removing an auditor. h. learn the duties, responsibilities, powers and rights of auditors. i. Describe the process of evaluate audit engagements. j. State and explain the contents of garner of engagement. k. try on the legal liabilities of the auditor. l. Explain how auditors are remunerated. m. Explain management and auditors various(prenominal) responsibilities for the presentation of financial statements and maculation of tarradiddle and error. 2. The regulative modelling of auditing and Professional Considerations 38 convey of hire Accountants, Ghana take stock And inherent look into PAPER 2. 4 Audit and internecine polish up briny root SYLLABUS nub (Contd. ) 3. Basic Principles and Concepts of Auditing a.Explain the fundamental principles and concepts of auditing walk through test failing test conformism test crucial test Vouching Audit take chances Audit sampling faultfind ing(prenominal) and statistical, and taste natural selection methods Systems ground audit corporeality unbowed and fair view directing and rotational examination Systems and risk establish audit. 4. Auditing Planning and military rating a. b. c. d. Explain the purpose and advantages of audit mean. Describe the process of audit planning. Prepare audit planning memorandum. Examine uninflected review procedures as a planning technique. e. try front physicalness levels and audit risks. f. Evaluate the adequacy of accounting system. 5. privileged carrys and paygrade of fake take chances a. State the reasons for organisations having powerful systems of control. b. appoint the fundamental principles of effective control systems. c. Identify the main areas of a business that need effective control systems. d.Identify the components of cozy control in both manual and IT environments, including the general control environment and Control Procedures preventive, police d etective and corrective controls upcountry audit as a control factor e. Define and classify different types of interior control, with particular ferocity upon those which impact upon the timbre of financial information. f. try how contract interior controls alleviate risk and state their limitations. Institute of undertake Accountants, Ghana 39 Proposed Sylabus for ICAG base on balls Examinations PAPER 2. 4 Audit and inner survey MAIN idea SYLLABUS contentedness (Contd. ) 5. intimate Controls and military rank of Control risk (Contd) g. Identify inhering controls for an organisation in a given scenario. h. Identify inseparable control weaknesses in a given scenario. i.Identify, for a qualify organisation, the sources of information which will enable a sufficient record to be do of accounting or other systems and i n t e r n a l controls. j. Define intimate control. k. State and explain the types and limitations of interior control. l. Explain the undermention ed in relation to internal control objectives, methods of ascertaining, recording, evaluation, testing systems, control environments and control p