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Application Form for Exemptions For office

use only Student Number
Non ICAS Accredited Degrees: 2017
Full name: MUHAMMAD ADEEL AKRAM
Contact address: 58 - WATAN AL ARABI STREET, AL HAMRAA DISTRICT, JEDDAH, KSA
Email address: ADEEL@ELAYOUTY.COM
Daytime telephone number: Mobile number: +966 59239 43 43
Name and address of employer: MOORE STEPHENS INTERNATIONAL - 58, WATAN AL ARABI STREET. P.O BOX 780
AL HAMRAA DISTRICT, JEDDAH, SAUDI ARABIA
University attended: ALLAMA IQBAL OPEN UNIVERSITY
Degree awarded: MBA BANKING AND FINANCE
Year awarded: 2012 Class of degree: 1ST

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 YES
Business Law YES
Business Management YES
Principles of Auditing & Reporting YES
Finance YES

Please tick to confirm that you have enclosed:

a copy of a full Academic transcript YES

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 N/A
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, 28th July 2017.

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, 28th July 2017.

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 3rd or 4th 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 Please give title of relevant modules

Subject requirement: Year 1 module:

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. Year 2 module:

Year 3 module:

Syllabus requirement: Covered in modules:

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 cash-
flow information
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.
 Please give title of relevant modules
BUSINESS LAW and marks achieved

Subject Requirement: Modules:

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

Syllabus requirement: Covered in modules:

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
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 Please give title of relevant modules

Subject requirement: Statistics Module:

Completion and achieving a minimum pass mark of 50% for
management accounting modules in two years of the degree, and Business Studies:
completion and achieving a minimum pass mark of 50% in a business
studies module and a statistics-related module. Management Accounting 1:

Management Accounting 2:

Syllabus requirement: Covered in modules:

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
• 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 Please give title of relevant modules

Subject requirement: Module 1:

Completion and achieving a minimum pass mark of 60% for one (Year of degree)
auditing course in either 3rd or 4th year of degree or for any degree with
two auditing modules (one of which is in either 3 rd or 4th year) a Module 2:
minimum pass mark of 50% in each of the modules.

Syllabus requirement: Covered in modules:

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
• 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 Please give title of relevant modules

Subject requirement: Economics:

Completion and achieving a minimum pass mark of 50% in two finance
modules (one module in 3rd year of the degree) and completing and Finance 1:
achieving a minimum pass mark of 50% an economics module (Year of Degree):

Year 3 Finance Module:

Syllabus requirement: Covered in modules:

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

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.