(CNS): The Association of Chartered Certified Accountants (ACCA) has granted “Exemption Accreditation” to the International College of the Cayman Islands (ICCI) which means students study business and accounts at the school will need to do less ACCA exams in order to gain the sought after professional qualification. Graduates of the ICCI Bachelor of Science in Business Administration degree with accounting concentration will be eligible for a total of five exemptions from the required ACCA papers.
The college said that the exempted papers include F1 – Accountant in Business; F2 – Management Accounting; F3 – Financial Accounting and F4 Corporate and Business Law. Graduates who complete Cost Accounting and Managerial Accounting will be exempted from F5 – Performance Management. Bachelor degree holders are exempted from all papers for the Certified Accounting Technician designation. Other Bachelor and Master degrees also receive varying exemptions depending on the degree. Graduates with Associate degrees also receive some exemptions depending upon the degree earned.
ICCI’s Academic Dean, Scott Cummings and ICCI’s Director of Admissions, Hank Bodden they had been working on getting this exemption for the school for several months. “This additional accreditation of our business programs is further recognition of the quality of our faculty and the value of an ICCI degree,” said Cummings.
Bodden explained that the accreditation would simplify and shorten the process for graduates. Ordinarily someone seeking ACCA’s professional designation is required to write fourteen examination papers. The exemption accreditation means ICCI graduates are exempted from writing some of the papers and helps them earn the designation in less time.
Pat Marcelle-Irish from ACCA said the accreditation was a great achievement for ICCI and graduates will receive a level of exemption which matches the knowledge and skills gained from their previous qualifications. ICCI’s students will benefit from knowing which module choices will lead to maximum exemption from ACCA’s examinations, and will be assured of receiving the appropriate level of exemption immediately upon registration with ACCA.
This will also mean that ICCI will be able to attract more students who wish to pursue a professional accountancy qualification on completion of their academic studies by providing them with an accelerated route to ACCA membership.
The ICCI is Cayman’s oldest college and has been accredited as a senior college continuously since 1979 by ACICS, the Accrediting Council for Independent College and schools in Washington, D.C. ICCI is also recognized by the Cayman Islands Education Council which gives credence to its degree’s and is registered with the University Council of Jamaica. The International College of the Cayman Islands is a non-profit institution founded in 1970 by the late Dr. John Hugh Cummings and continues to provide quality education under the direction of its current President Dr. John Hugh Cummings II. You can visit ICCI’s website at www.icci.edu.ky.
The Association of Chartered Certified Accountants is a global body of professional accountants. ACCA has 131,500 members and 362,000 students worldwide. You can learn more about ACCA by visiting their website: http://www.accaglobal.com/.
