Application Form for Exemptions Non ICAS Accredited Degrees: 2016

Application Form for Exemptions Non ICAS Accredited Degrees: 2016 For office use only Route Codes Student Number Full name: Contact address: Email address: Daytime telephone number: Name and address of employer: Mobile number: University attended: Degree awarded: Year awarded: Class of degree: I wish to claim exemption from the following class and examination subject(s): Subject title Tick here For office use only Yes No Financial Accounting Business Law Business Management Principles of Auditing & Reporting Finance Please tick to confirm that you have enclosed: a copy of a full Academic transcript This is an official letter from the University, normally the Registrar, detailing all the courses taken at University and the marks obtained. Please note that results notices are not acceptable. completed exemption tables for all exemptions being claimed copies of all relevant, cross-referenced module outlines Please note that to process your exemption request you must submit all relevant information in hard copy at the time of application. Email applications will not be accepted. The deadline for submitting applications for exemptions is Friday, 29 July 2016. Completed applications for exemptions should be returned to: EXEMPTIONS ADMINISTRATOR ICAS CA HOUSE 21 HAYMARKET YARDS EDINBURGH EH12 5BH Office use only: checked and confirmed

Instructions for applying for Exemptions: Non-Accredited Degrees Please read the Explanatory Information overleaf before completing the Exemption Application Form. If you do not have an ICAS accredited degree, you must provide sufficient evidence to demonstrate that you have met the relevant subject requirements and syllabus coverage for each Test of Competence (TC) exemption being claimed. Completing the Non-Accredited Exemption Application Form 1. Complete the Exemption Application Form indicating the TC exemptions you are applying for. Please note the following: You should apply for all exemptions you may be eligible for in one application. Exemptions are not awarded on the basis of work experience. Exemptions can only be claimed if the degree is less than 3 years old at the time of commencing CA training with ICAS. 2. Complete a syllabus coverage table for each TC subject you are claiming exemption from, clearly noting the relevant modules from your course where the topics were covered. 3. Provide copies of all relevant module outlines you were given from the University. Module outlines usually show the learning outcomes for the module, assessment methods, topics covered, timing of tutorials and other information providing an overview of the module. These must be sufficiently detailed to clearly demonstrate how all of the ICAS subject syllabus topics have been covered. Otherwise, please obtain other supporting documentation from University, such as copies of course notes and exam papers. Note only relevant, cross-referenced module outlines and other supporting documentation should be submitted. 4. Provide a COPY of your final academic transcript showing your final degree award, to confirm the modules you passed and the marks obtained. With the exception of Auditing, a minimum mark of 50% is required for all modules that satisfy the exemption requirements (both subject requirements and syllabus coverage see explanatory information). Note that copies of all academic transcripts and module outlines must be submitted in English and cannot be returned to you. 5. Ensure that the information you submit is complete (i.e. all required information supporting the application is sent), secured together (e.g. stapled, treasury tagged) and is easily identifiable to your application. Please note that ICAS will not accept electronic copies of information, including emails and links to websites with relevant information. The deadline for submitting applications for exemptions is Friday, 29 July 2016. Applications submitted after this date may not be processed prior to classes starting. Any other queries regarding exemptions should be directed to the Exemptions Administrator who can be contacted at studentservices@icas.com

Applying for Exemptions: Explanatory Information Subject requirements: (minimum mark of 50% must be achieved in each module) Financial Accounting: completion of a financial accounting module in each of 3 years of the degree Finance: completion of two finance modules (one module in 3 rd or 4 th year of the degree) and completion of an economics module Business Management: completion of management accounting modules in two years of the degree and completion of a business studies module and statistics-related module Principles of Auditing & Reporting: completion of one auditing module in either 3rd or 4th year (mark of 60% or greater required) or for any degree with two auditing modules (one of which is either 3rd or 4th year), a minimum mark of 50% mark to be obtained in both modules Business Law: completion and achieving a minimum pass mark of 50% in relevant law modules Syllabus coverage For each TC exemption applied for, you need to demonstrate how the modules you sat cover the specific topics covered in the TC courses. Preparation for TPS You are applying for exemptions from Test of Competence (TC) subjects. This knowledge will be developed further at Test of Professional Skills (TPS). As you may have covered topics some years ago, it is your responsibility to ensure this knowledge is refreshed and up-to-date. It is essential to complete some revision before starting classes to ensure you can keep up with the new material at TPS. You will be required to sit an Assumed Knowledge Test before classes start. We recommend that you start this revision as soon as possible, using either your University notes or the TC notes on the student area of the ICAS website. A summary of the key topics covered at TPS by subject can be found as pre-course information on the ICAS website. Once you are enrolled as a student you will receive a student number and password to access the ICAS website. How do I know if my degree is accredited by ICAS? A full listing of all degrees accredited by ICAS is provided on the ICAS website. What is an academic transcript? This is an official document from the University, normally the Registrar, detailing all the courses you have taken over your time at University and the marks you obtained. The transcript provides evidence of the modules completed at University. I don t have an academic transcript You will need to contact the University to obtain this. Exemption applications submitted without the transcript cannot be processed. Results notices are not an acceptable substitute. I don t have module outlines You must obtain these and submit them to ICAS by the deadline date. You can submit your application, but it cannot be processed without the relevant cross-referenced module outlines that clearly demonstrate how all of the ICAS subject syllabus topics have been covered. Note that you must have achieved a minimum mark of 50% in all cross-referenced modules. My module outlines are not particularly detailed You must ensure that the information submitted is sufficiently detailed to show clear evidence of how each topic in the ICAS subject syllabus has been covered. This can be supplemented with other supporting documentation from University such as copies of course notes and exam papers

FINANCIAL ACCOUNTING Subject requirement: Completion and achieving a pass mark of at least 50% in a financial accounting module in each of years 1 to 3 of the degree. Please give title of relevant modules Year 1 module: Year 2 module: Syllabus requirement: Describe the Corporate Reporting Framework Framework for the preparation and presentation of financial statements Elements of financial statements, recognition and measurement The Companies Act reporting requirements The standard setting process and role of accounting standards, UK and International Stock Market influences Apply fundamental accounting concepts The reporting entity The profit and loss account and balance sheet Measurement and recognition Accruals concept Prudence principle Prepare journal entries to record transactions in the books of prime entry using double entry book-keeping The accounting equation and double entry bookkeeping Books of prime entry and the nominal ledger Recording transactions: o The preparation of journals for additions, revaluations and disposals of fixed assets o Recording wages and salaries o Accounting for VAT o Recording inventories o Accounting for loans and leases o Calculating and recording accruals, prepayments, accrued income and deferred income Correction of errors and incomplete records Apply control techniques used in financial information Computerised accounting packages Bank reconciliations Use of the trial balance Explain the structure and accounting requirements of sole-traders, partnerships, limited companies and not-for-profit organisations Sole trader Partnership including dissolution, change of partners and incorporation Private company including the issue of share capital and payment of dividends Public company Not-for-profit organisations Primary Statements under UK and International formats Form of the notes to the accounts Historical development of accounting Other primary statements Prepare financial statements for sole traders, partnerships and limited companies Trial balance extraction Sole trader and partnership accounts Limited companies under international formats Understand statement of cash flows and prepare basic cashflow information Year 3 module: Covered in modules: Note: Please ensure that copies of all relevant detailed module outlines are provided along with two copies of final exam papers and any coursework requirements.

BUSINESS LAW Subject Requirement: There is no subject requirement for Business Law but syllabus coverage must be achieved through completion and achieving a minimum pass mark of 50% in relevant Law modules Please give title of relevant modules and marks achieved Modules: Syllabus requirement: Identify the sources of law Role and nature of law Sources of law EU Law Human Rights Act The UK Courts Explain how to form a company and the nature of the company s constitution Nature, function and classification of companies Corporate personality Formation Procedure Company Constitution and its effect Minority protection Explain the legal implications of issuing share capital Types, features and class of share capital Allotment, payment and transfer of shares Charges fixed and floating London Stock Exchange and issue of securities to the public Capital Maintenance Explain the administration requirements of the company Role and responsibilities of company officers Meetings, resolutions and records Explain the principles of contract Law Type, terms and construction of contracts Essential elements of a valid contract Restrictive covenants: common law and statutory roles Breach of contract and remedies Electronic Contracts Partnership features of 3 types of partnership; authority and liability or partners and termination of a partnership Agency formation, authority, rights and duties of agent; termination of agency Employment law tests to determine status of worker, the contract of employment; termination of contract and Data Protection Explain the principles of negligence The meaning of Negligence Duty of care and breach of duty of care Causation and remoteness of damage Defences Vicarious liability Covered in modules: Note: Please ensure that copies of all relevant detailed module outlines are provided along with two copies of final exam papers and any coursework requirements.

BUSINESS MANAGEMENT Subject requirement: Completion and achieving a minimum pass mark of 50% for management accounting modules in two years of the degree, and completion and achieving a minimum pass mark of 50% in a business studies module and a statistics-related module. Please give title of relevant modules Statistics Module: Business Studies: Management Accounting 1: Syllabus requirement: Describe organisational structures Types of organisational structures Goals and objectives Describe marketing processes Marketing mix Market analysis Market distribution Product life cycle Describe the features and uses of Business Information Internal information systems Third party information sources Calculate cost information for business planning and control Cost and management accounting systems Classification of costs Accounting for direct costs and overheads Cost allocation and apportionment Costing techniques Variance analysis Explain pricing strategies Influences on pricing and pricing decisions Explain the processes associated with the development and implementation of business strategies Strategy formulation Trading and operational strategies Business improvements Apply the principles and procedures involved in managing working capital Stock Debtors Creditors Explain the principles of budgeting and prepare budgets and forecasts Budgeting technique theory Behavioral aspects of budgeting Preparation of budgets Forecasting Calculate probabilities using quantitative techniques Planning and control Regression analysis Statistical techniques Calculate contribution to aid decision making Cost volume profit Contribution and break-even Limiting factors Calculate and interpret performance of products and business segments Business unit performance assessment Management Accounting 2: Covered in modules: Non-financial indicators Note: Please ensure that copies of all relevant detailed module outlines are provided along with two copies of final exam papers and any coursework requirements.

PRINCIPLES OF AUDITING AND REPORTING Subject requirement: Completion and achieving a minimum pass mark of 60% for one auditing course in either 3 rd or 4 th year of degree or for any degree with two auditing modules (one of which is in either 3 rd or 4 th year) a minimum pass mark of 50% in each of the modules. Please give title of relevant modules Module 1: (Year of degree) Module 2: Syllabus requirement: Explain the need for and nature of third party assurance Principles of third party assurance Non statutory assurance engagements The Requirement for Audit Fundamental concepts Apply the FRC s ethical standards to audit and assurance engagements Independence Ethical Standards 1-5 ICAS Code of Ethics or equivalent Explain the audit process and be able to apply judgement to different stages in the process in accordance with ISA s Overview of the Audit Process Audit Methodology Acceptance/Continuance Planning Systems and controls Substantive testing Completion The audit report Engagement and client management International Standards on Auditing (UK & Ireland) Explain audit assertions and apply the principles of assessing and collecting evidence in accordance with ISA s Audit assertions Gathering and evaluating sufficient appropriate evidence Explain the role and responsibilities of the external auditor Companies Act 2006, auditor rights and responsibilities Money Laundering Responsibilities Auditor negligence Auditors of duty of care Managing Auditor Liability Describe the regulatory framework of auditing in the UK Financial Reporting Council International Auditing and Assurance Standards Board Setting Standards Companies Act 2006 qualifying and supervisory bodies Explain the elements of manual and Computerised business systems and controls Corporate governance Business Processes Control environment Control activities IT systems and controls Covered in modules: Internal audit Note: Please ensure that copies of all relevant detailed module outlines are provided along with two copies of final exam papers and any coursework requirements.

FINANCE Subject requirement: Completion and achieving a minimum pass mark of 50% in two finance modules (one module in 3 rd year of the degree) and completing and achieving a minimum pass mark of 50% an economics module Please give title of relevant modules Economics: Finance 1: (Year of Degree): Year 3 Finance Module: Syllabus requirement: Explain the financial environment within which an organisation functions External Financial environment Internal finance strategies Apply an understanding of the structure of the UK equity and debt markets and its financial system to practical situations Sources of finance Institutional investors Types of securities and valuation Markets for securities Apply the major capital market models to practical situations Efficient markets Capital asset pricing model Calculate the cost of capital Traditional and Modigliani-Miller theories Portfolio theory Prepare data used in financial analysis Stock exchange indicators Ratio analysis appropriate to a range of business sectors Present value techniques Prepare plans and forecasts for an organisation Cash flow projections Profit projections Reconciliation of cash flow and profit projections Components of business plans Calculate investment returns from competing projects Payback Accounting rate of return Net present value Internal rate of return Capital rationing Uncertainty, risk and probability Explain the fundamentals of micro and macroeconomics Microeconomic theory Macroeconomic theory Covered in modules: Note: Please ensure that copies of all relevant detailed module outlines are provided along with two copies of final exam papers and any coursework requirements.