Accountants Park
Plot No. 2374/a
Thabo Mbeki Road, Lusaka
membership@zica.co.zm
education@zica.co.zm
(+260) 211 374 550-9

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Is it true that ZICA will now start awarding Certificates at the various levels of CA Zambia Qualification?

Yes, ZICA will start awarding exit certifications at the various levels of CA Zambia following accreditation by the Zambia Qualifications Authority (ZAQA) as follows;  

Qualification Level on ZQF Qualification Type/Equivalence
CA Certificate in Accountancy Level 4 Certificate
CA Application Advanced Diploma in Accountancy Level 7 Degree
CA Advisory Professional in Accountancy Level 9 Master’s Degree
 

Which students are eligible to be awarded the CA Zambia exit certificates?

Students who have passed all 16 papers from December 2017 to June 2021 will be awarded the CA Advisory Professional in Accountancy qualification at the graduation ceremony to be held in 2021.

The CA Certificate in Accountancy and CA Application Advanced Diploma in Accountancy qualifications will only be awarded from the June 2021 examination sitting. This means that students who were remaining with one or more papers to qualify for any of the two qualifications, as stipulated in the above structure of qualifications, and have passed these papers during the June 2021 examinations will be awarded the qualifications. Any students who will subsequently pass their examination sitting as indicated above will be awarded the exit certificates.

When will the certificates be awarded to the CA Zambia students?

The graduation is set for 5th November 2021. because the Institute has to put in place logistics for the graduation to take place; this includes procurement processes for the new certificates and gowns. The ceremony will be virtual due to the Covid-19 prevalence. Transcripts will be availed to all eligible students as soon as the graduate lists are ready.

What type of certificates will be awarded to students who completed the examinations component of CA Zambia in the previous examinations?

Answer: The following are the new names for the exit certifications;

  1. CA Certificate in Accountancy (ZQF Level 4);
  2. CA Application Advanced Diploma in Accountancy (ZQF Level 7); and
  3. CA Advisory Professional in Accountancy (ZQF Level 9).

Will the Diploma in Accountancy have a certification as well?

The Diploma in Accountancy is currently being certified after completing both levels (Level 1 and 2) and it is not affected by the new certifications because it is a standalone qualification.

How many courses make up each of the above new qualifications and what is the duration of each qualification?

The CA Certificate in Accountancy is a two (2) year programme comprising six (6) courses, 3 courses per year. The CA Application Advanced Diploma in Accountancy is a four (4) year programme comprising twelve (12) courses, 3 courses per year, whereas the CA Advisory Professional in Accountancy comprises four (4) courses and will take a minimum of one (1) year to complete. The duration for these certificates is in line with international requirements.  The programme structure of the qualification is as follows: Outline and Structure

Certificate in Accountancy CA Application Advanced Diploma in Accountancy CA Advisory Professional in Accountancy

1.1 Financial Accounting

1.2 Business Mathematics

1.3 Business Economics

1.4 Commercial and Corporate Law

1.5 Management Theory & Practice

1.6 Business Communication

2.1 Financial Reporting

2.2 Management Accounting

2.3 Audit

2.4 Taxation

2.5 Financial Management

3.3 Strategic Business Analysis

3.1 Advanced Financial Reporting 3.2 Advanced Audit & Assurance Choose any one of the following routes:   Public Practice Route 3.4 Advanced Taxation 3.7 Public Sector Audits and Assurance   Business Route 3.5 Advanced Management Accounting 3.6 Advanced Financial Management   Public Sector Route 3.7 Public Sector Audits and Assurance 3.8 Public Sector Financial Management
Practical Training 3 years’ supervised practical training  

Is it possible for the Institute to change the new exit certificate names to align them to other Professional Accounting qualifications?

The names of the qualifications have been approved and accredited by ZAQA. ZICA may make changes to the name during the curriculum review process.

Will students need to clear CA 3.3 before graduating at CA Application Advanced Diploma in Accountancy?

Students will now need to pass CA 3.3 before graduating at CA Application Advanced Diploma in Accountancy