Accountants Park
Plot No. 2374/a
Thabo Mbeki Road, Lusaka
membership@zica.co.zm
education@zica.co.zm
(+260) 211 374 550-9
(+260) 211 255 355 (Fax)

Practical Training Benefits to Employers


Practical Experience is the period of on-the- job experience and development which, together with study and the ZiCA Chartered Accountant Programme modules, constitutes the path to CA membership. The practical experience assessment tool, explains the practical experience requirements to become a member of ZiCA, and the competencies candidates must demonstrate in the practical experience and the mentoring process.


Features of Practical Training Framework

Three years (full time equivalent) employment, training in a relevant accounting role with an
approved employer.

Mentored by a Chartered Accountant

Demonstrated the required levels of technical and non-technical competencies


Roles and Responsibilities for Practical Experience

There are four parties involved in the practical experience programme; The Candidate, The mentor, The approved employer – through the candidate’s manager; and ZICA as the administrator. For every detail of the Practical Training Framework and the Practical Training Requirements, Please Click on the Link to download Full Notes.


Practical Training Benefits to Employers

The objective of practical training is to give the student supervised opportunities to experience the essential practical tasks emphasised in their professional studies and also to provide opportunities to apply their acquired skills and knowledge in working life. Investing in training is not only good for your internal employees but it delivers real, lasting benefits to your business and your bottom line as well. Here are some of benefits to the employers for investing in practical training:

Lowers staff salary related costs

Practical Training leads to savings in staff salary related costs because trainees are not normally paid salaries that are equivalent to full time employees. Also, the salary of one full time management employee may be able to cater for salaries of two or three trainees. Further, employers do save on gratuity as trainees are not normally paid a gratuity at the end of the three year training contract.

Lowers your CPD Costs for employees

The Chartered accountants who will be involved in mentoring trainees will be entitled to claim 15 CPD hours in a year, hence reducing the cost of continuous professional development for the employer.

Lowers recruitment costs

Instead of spending on adverts for recruitment of entry management positions in finance or accounts, a number of these positions can be filled in by the trainees and hence reducing the employer’s recruitment costs. Further, in the long run, investing in practical training will lead to your organisation attracting the best candidates to apply for practical training opportunities, and you’ll be more likely to hold onto to such employees for longer, reducing your recruitment costs.

Achievement of desired outputs at minimal cost

The trainees are enthusiastic to achieve the targets as they try to use their acquired professional knowledge and skills in real life situations. In doing so they are keen to do as much as possible in order to get exposed while delivering improvements to the business.
Therefore, the desired outputs are achieved at minimal cost.

Improve your bottom line

All of the above contribute to making your company more efficient, your workforce happier (less stress) and more motivated, your recruitment costs lower, and your business performance higher, and ultimately contribute to increased revenue and improved profits.

Help measure your staff's progress

Professional qualifications, such as CA Zambia, are a useful benchmark for staff development, and provide a clear method of setting targets, measuring progress and structuring career expectations. This makes it easy to measure how your staff are developing, and gives them clear targets to aim for.

Improve business performance

Practical training develops not only the trainee but also the supervisor’s abilities to identify improvement areas and develop better ways of working, improving business performance and morale.

Gives your business a mark of excellence

Investing in professional training for your staff will identify your organisation as investing in professional standards, and provide both your employees and your company with a mark of professional credibility.


REQUIREMENTS FOR APPROVED EMPLOYMENT

An Approved Employer must be registered with ZiCA and offer work experience and training that meets the ZiCA CA qualification three years practical experience requirements. The requirements for approved employment are:


  • Structured Practical Experience
  • Staff Training and Development
  • Quality Assurance Processes