How To Become A Chartered Accountant In Zimbabwe
A chartered accountant is an accountant with the specific professionally accreditation of ‘chartered status’. They have studied accounting to a high level and have gained professional experience in the industry.
In this article Dashboardlogins.com tries to answer the question by publishing How To Become Chartered Accountant In Zimbabwe
Below are How To Become A Chartered Accountant In Zimbabwe
The entry requirements to becoming a chartered accountant are as follows:
1. You should have an accounting degree not more than three years old from the graduation date. If the degree is more than 3 years old, one will have to do a one year bridging course before proceeding to the next qualification called the Zimbabwe Certificate of Theory in Accounting (ZCTA).
2. Be attached to an accredited training office. You can do the Certificate of Theory in Accounting CTA and ITC program without the training but you will not be allowed to sit for the final APC exams without these.
3. After passing the ZCTA, one will proceed to writing the Initial Test of Competence (ITC) exam which is written two times a year either in January or June. To qualify for entry to the ITC, you must have passed the ZCTA and must not be more than three years old. This generally means that candidates enter for the ITC during their first year of their training contracts or before they start training.
4. The final exam in becoming a Chartered Accountant is the Assessment of Professional Competency (APC) exam. To qualify the exam Candidates must have passed the ITC and have completed at least 20 months of a contract by the beginning of the month in which the examination is written (The exam is written once a year in November).
After completing the whole three years and all exams, one can then apply to be admitted as a member of the Institute of Chartered Accountants in Zimbabwe upon approval begin to use the designation CA (Z).
There are currently three service providers for the CTA program in Zimbabwe namely CAA, NUST and UNISA, these service providers only enroll students who have accounting degrees which are not more than 3 years.
For the UNISA program, the ZCTA program is offered by UNISA in conjunction with ICAZ where 4 modules are offered by UNISA and one module the Zim Tax module is offered by ICAZ. This program has no exemptions, all five modules are written in one sitting and all have to be passed at once.
Types of training offices
There are two types of training offices commonly known with the abbreviations of TIPP and TOPP.
TIPP stands for Training Inside Public Practice and candidates who complete their training at these firms can go on to register as Public Accountants or Auditors.
TOPP stands for Training Outside Public Practice and most firms within this category are commercial organisations such as banks, retail organisations e etc. A candidate that qualifies within these firms cannot be a Registered Public Accountant or Auditor unless they go on to train into TIPP firms.
How long does it take to become a CA in Zimbabwe?
After completing the whole three years and all exams, one can then apply to be admitted as a member of the Institute of Chartered Accountants in Zimbabwe upon approval begin to use the designation CA (Z).
How much is a chartered accountant paid in Zimbabwe?
Chartered Accountant (CA) Jobs by Salary
| Job Title | Range | Average |
|---|---|---|
| Chief Financial Officer (CFO) | Range:$72k – $143k | Average:$117,916 |
| Financial Controller | Range:$0 – $0 (Estimated *) | Average:$25,000 |
| Accountant | Range:$0 – $0 (Estimated *) | Average:$34,000 |
| Audit Clerk | Range:$0 – $0 (Estimated *) | Average:$27,500 |