PROFESSIONAL CERTIFICATE IN ACCOUNTANCY FOUNDATIONS (CAF)

 The Professional Certificate in Accountancy Foundations (CAF) is designed for candidates who have no prior accounting knowledge or those who do not meet the minimum entry requirements of the CATT qualification. If you practice bookkeeping or accounting but have no professional or academic qualification in a relevant field, the CAF will help you advance your career and build a bridge to gain the CATT qualification. 

Candidates need to pass two foundation-level exams to gain the CAF: 

1. Foundations in Financial Accounting (FIFA) Module: in this course, students will develop an understanding of business transactions, financial documents and how transactions are recorded and maintained using the double-entry bookkeeping system. Candidates will be trained on how to post transactions to ledger accounts and prepare a trial balance. The last activity of the FIFA is to equip students with the knowledge needed to prepare basic financial statements. 
2. Foundations in Management Accounting (FIMA) Module: students will be trained on how to provide basic management information. Students will learn how to prepare, process and present basic cost information and management accounting reports to support planning and control decisions in an organizational setting. 

There is no prior academic qualification required for the CAF. However, completion of secondary-level studies, at least, is assumed.

The program has an online version and an offline version. You have the option to choose the delivery mode of the preparatory session at the registration. Details of these sessions will be communicated to candidates after registration.

1. Acquire a professional certificate in accounting from a recognized accountancy body in Somaliland 
2. Increase your employability chances with a professional certificate 
3. A starting point for a career in accountancy or bookkeeping 

1. Register: fill up the application form and  pay the registration fee and course fees. Exams can be booked at any time during the year.
2. Attend the tutorial sessions: training for the CAF is exclusively provided by ICPAS. Starting from the March 2023 exam session, students will have the option to attend tutorial sessions either online or at physical classes. The schedule and exam windows will be communicated to registered applicants in due course. 
3. Take your exam: exams take place in March, June, September and December.