The ICEA Examinations​
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The Institute conducts four examinations, comprising four subjects in each examination: 1. Level 1, 2. Level 2, 3. Level 3, 4. Fellowship.
Examinations are held normally in June and December at the centres and on the dates determined by the Council. Persons who wish to sit for an examination and are eligible under the regulations should apply to the Secretary General for the appropriate forms, which must be returned duly completed, with the appropriate fee, by the closing date. The Council have power to decline any application without giving reasons. Approved candidates will receive at least one week's notice as to the time and place at which they should present themselves.
All candidates will receive separate notification in respect of each or part examination passed. Unsuccessful candidates will be informed of the subjects in which they have failed to satisfy the examiners.
The decision of the examiners of the Institute is final and candidates must not enter into correspondence with the Institute on the examination results. In no circumstances will details of the number of marks awarded be divulged.
Upon successfully completing the Associate ship/ Fellowship examination, candidates may apply to the Secretary for a form of application for appropriate membership of the Institute, provided they can fulfil the other necessary requirements as to eligibility for membership.
Examination Hall
Candidates are permitted the following materials owned by the candidates in the Examination Hall: Pencil(s), pen(s), eraser, slide rule, battery operated & noiseless pocket calculator. Wallets and handbags for ladies may be permitted at the discretion of the invigilators.
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Overseas Students
The Institute normally conducts examinations at overseas centres through the British Council where it maintains an office. Where the British Council does not maintain examination facilities, a candidate may be permitted if he/ she approved examination facilities exist there. Where appropriate, modified papers will be prepared to take into account differences in local law and practice, at the discretion of the Council. The Council may increase the fees payable where examinations are taken outside Great Britain under this concession, and students will be advised of the amounts involved before their examination forms are accepted. Every overseas student must submit a passport-size photograph along with his Examination Form certified by his employer or the head of a recognised institute.
Tuition and Study Time
The amount of tuition time shown against each subject is the estimated face-to-face or class contact hours. The amount of private study time depends on the ability of individual students. As a guide line, it should be at least equal to the number of tuition hours. Those studying by distance learning should allow three times the class contact hours.
Summary of Subjects
Associate ship:
Hours of Study
Level 1:
1. Accountancy & Costing 60
2. Economics 60
3. Business Law 60
4. Quantitative Methods 60
Level 2:
5. Information Technology Management 60
6. Financial Accountancy 60
7. Company Law 60
or Local Government Law 60
8. Management 60
Level 3:
9. Cost & Management Accountancy 60
10. Advanced Accountancy 60
11. Statutory & Internal Auditing 60
12. Taxation & Tax Management 60
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Fellowship:
13. Executive Accountancy & Decision-Making 70
14. Management Auditing & Control 70
15. Strategic Management 70
16. Financial Decision 70
or Local Government Finance 70
Candidates are required to sit and pass in sequence according to the Examination Time-Table and are allowed to take a MAXIMUM OF FOUR subjects at a time. A candidate who obtains a pass mark in a subject(s), need not sit the same subject(s) again.
Examination Entery Forms
The last date for receiving entry forms along with the fee by the Institute are as follows: Home Centres: March 31 for June Examination, September 30 for December Examination. Overseas Centres: March I for June Examination, September I for December Examination.
Examination Time-Table
First Day:
9.30 to 12.30 Accountancy & Costing
Information Technology Management Cost & Management Accountancy Executive Accountancy & Decision-Making
14.00 to 17.00 Economics Financial Accountancy Advanced Accountancy
Second Day:
9.30 to 12.30 Business Law Company Law or Local Government Law Statutory & Internal Audit Strategic Management
14.00 to 17.00 Quantitative Methods Management
Taxation & Tax management Financial Decision or Local Government Finance
Standard of Qualification
The Institute maintains a clearly defined standard for each part of its examination. The Associate ship Level 1, 2 and 3 examinations are of first, second and third year degree standards, whereas the Fellowship examination is equivalent to an honours degree standard of British universities. The Dip E.M.A. is a post qualifying diploma of Master degree standard.
Exemptions
Exemptions are granted on a subject-for-subject basis to anyone who (a) holds a suitable qualification(s) or (b) has had adequate experience in the application of the particular subject(s), at the discretion of the Council. No certificate is issued for exemption. The rules for exemption are as follows:
(I) Subject-for-subject basis for recognised professional qualifications from Levels I and I;
(II) BTEC Higher Certificates, Graduates, other non-chartered accounting bodies or equivalent on a subject-for-subject basis to a maximum of EIGHT subjects from Levels I and 2;
(III Chartered Secretaries from the Associate ship examinations, except Cost & Management Accountancy;
(IV) Members of CCAB bodies or equivalent from the complete Associate ship examination.
(V) Transfer of credits for NCVQ recognised relevant qualifications.
The Fellowship examination is the ultimate test of competence and will not be subject to exemption except for Fellows of C.C.A.B. bodies or equivalent who may be permitted to take the Fellowship examination by dissertation at the discretion of the Council.