Four things you didn't know about your ICAS tutor team
You see them in class all the time but how well do you really know your ICAS tutors? In this light-hearted article we’ve unearthed four interesting facts about your teaching team. Some of them may surprise you!
1. They didn’t all qualify with ICAS.
First up – not all members of the ICAS teaching team have walked exactly in your shoes. Although very many of them did qualify as CAs through ICAS, others didn’t. ICAEW, ACCA and CIOT all feature as alternatives. Having this diversity in our teaching ranks means that ICAS tutors know all about what the competition offers, and how to keep on improving the CA qualification to ensure it remains highly credible and highly respected.
Regardless of whether they studied here or not, what all of your tutors bring to the table is a real passion for delivering the CA qualification, as well as an understanding of the knowledge and skills needed to create the best CAs.
2. They have an exciting variety of skills.
At ICAS, your tutor team are a diverse bunch. Their skills and experience have been honed across many different organisations, meaning that wherever you are working, the challenges you face will be familiar to your teaching team. Whether you’re working for one of the big four or in a smaller firm, you can be sure that your tutor team will be on hand with great advice about the organisational culture, working practices and the type of work pressures you face.
3. They’ve travelled the world.
Your CA qualification is your passport to a great career, including opportunities for working abroad if you want to. Many members of the ICAS teaching team have taken advantage of the freedom the CA qualification brings, having worked across Europe and in Africa too.
ICAS CAs work in more than 100 countries worldwide. To help further your career abroad, ICAS has set up reciprocal arrangements with accountancy institutes around the world, including:
- The Canadian Institute of Chartered Accountants (CICA)
- The Institute of Chartered Accountants in Australia (ICAA)
- The Institute of Chartered Accountants of New Zealand (ICANZ)
- The South African Institute of Chartered Accountants (SAICA)
- The Hong Kong Society of Accountants (HKSA)
What's more, ICAS is also a member of Chartered Accountants Worldwide (CAW), a group of leading institutes of Chartered Accountants from around the world. CAW supports, develops and promotes the vital role that CAs play throughout the global economy.
4. They are not couch potatoes!
Contrary to popular opinion, not all members of the tutor team all sit around doing nothing in their spare time! Although some of them might admit to being sofa dwellers and knowing just a bit too much about X Factor, many like to stay on their toes. From walkers, runners and football players to cyclists and hockey players, the teaching team are an active bunch.
They've taken part in numerous charity and corporate events with a sporting twist, from the Caledonian Challenge for Foundation Scotland, the Global Corporate Challenge, the Great North Run, the Kiltwalk and the Loch Ness and Edinburgh Marathons.
7 January 2019: Welcome to a new year!
Welcome back to the CA Student Blog! 2019 may have only just begun but we are still looking forward to the ICAS Admissions Ceremony in March. If you are becoming a CA this year, make sure you don't miss any deadlines.
By now you should know if you have passed TPE with flying colours. All you have to do now is complete your training contract, hand in your logbook for final sign-off and apply for ICAS membership.
What you need to know
- You can check the status of your logbook by contacting Education Support.
- Applications for membership must be submitted by midday Friday 1 March 2019 to be eligible for the 2019 CA Admissions Ceremony.
- The event will be held at the Edinburgh International Conference Centre (EICC) on Saturday 23 March 2019.
- You can invite up to two guests free of charge.
- The dress code is formal.
If you didn't receive good news about your TPE results, don't panic! You will be automatically enrolled to resit exams in the next diet. However, if you wish to defer this, please contact the ICAS exam team as soon as possible.
Can't make it?
If you are unable to attend the Admissions Ceremony, you will still be inducted into membership in your absence and can use the designation CA after your name.
New CAs in London are invited to a special drinks reception on Thursday 4 April 2019 at The Deck in London’s National Theatre to celebrate with the ICAS Chief Executive, ICAS President, and 2018 One Young CA Michael Scott.
Don't forget to follow the excitement of the day and support your fellow newly-qualified CAs on Twitter, LinkedIn, Facebook and Instagram with the hashtag #ICASclassof2019.
Reminder: Have you received TPE joining instructions?
TPE 2019 officially starts this week.
Some TPE students heading to the May 2019 examinations will receive joining instructions directing them to the introduction material, which advises that technical knowledge needs to be up to date.
TC and TPS Technical knowledge is assumed at TPE. It is important that you start to work on this as soon as possible.
Those students awaiting TPS results in January, before being enrolled for TPE, will be contacted with details about the introduction material to allow you to start working on your technical revision. A second round of joining instructions will be sent out after TPS results are issued.
Get in touch
In this week's blog, we help those diving into new subjects and modules with guides for moving to a different level and preparing course materials. We also take a look at setting targets for the new year (personally and professionally).
As we ease into the new year, it’s all too easy for previous worries to resurface after the holidays. Here are quick-fire tips for starting your year right and with success in mind.
Aimed at students who will be sitting their first attempt at TPS exams in June 2019, TPS Level Controller Lauren O’Brien explains the ins and outs of the TPS pre-course work.
TPE Level Controller Catherine Devaney explains how the level changes from TPS, and what you are expected to complete when achieving your qualification.
Fresh out of ideas for your New Year's resolutions? Here are eight targets for CA students to meet in 2018.
ICAS tutors have put together a series of Back to Basics guides, infographics and support material on many of the TC subjects that students have found tricky in the past.
There are several topics that are likely come to mind when students think back to their good old Business Management (BM) Days. A straw poll of former BM students revealed that absorption and marginal costing still give some nightmares!
Monday 10 December: Signing off and wishing you a great 2019!
As we approach the end of the year, this week's blog will be the last until we welcome you back in 2019.
We want to wish all those CA trainees sitting FR, ABS, Taxation and Afin this week the best of luck, and we have our fingers crossed for those students receiving TPE results on the 20th!
While we look ahead to a brand new year, we also take a look back at some of the most popular articles this year.
Most read in 2018
- Back to Basics: Calculating a tax-adjusted trading profit / loss
- Tests of control and substantive testing
- Back to basics: Overall vs Performance Materiality
- Back to Basics: Calculating the cost of debt
- Back to Basics: Valuation of ordinary shares - four methods
Get in touch
In this week's blog, we share advice for overcoming nerves and clearing those final exam hurdles before the holiday season. We also examine the growth in fraud schemes surrounding online payments in 2018 and how to steer clear of them. Finally, to round off the year, we recommend a couple of TED Talks on career building and making better decisions - or if you'd rather watch something more seasonal, check out our five festive films list.
The distinction between employed and self-employed individuals, discussed in 'Back to basics: the Gig Economy' is also subject to anti-avoidance legislation, known as the 'IR35 rules'. Find out what the rules are, and what they mean for taxpayers.
Your approach to decision-making, in any aspect of life, can have a profound effect on what opportunities come your way. Could thinking like a computer be the solution to choosing the right path?
Despite new security measures and intervention by the finance industry, scammers still made off with £503.4m in the first half of 2018. Find out about different types of fraud and read our top tips for avoiding being taken advantage of.
Susan Colantuono, CEO of Leading Women, a management consulting firm seeking to close the 'leadership gender gap' through professional development programmes, presents this TED talk on the kinds of career advice you have probably not experienced. Food for thought over the Christmas and New Year break!
Work, exams and the pressures of everyday life can unexpectedly wear you down. Stress and anxiety lead to sleepless nights, a lack of focus and even illness, but there are methods to treat yourself well - read our nerve-calming skills for a zen-like attitude!
It’s the season of goodwill and peace to all people, but we also know it’s the season of snuggling on the sofa in a onesie with a box of sugar-overload and a good movie. Here’s our pick of films for festive trainee CAs looking to wind-down over the festive period (and we've managed to sneak in some finance themes too!).
Monday 3 December: The end of share destruction?
Share destruction, a popular mechanism for protecting share value when assets decline, is on thin ice in EU money markets.
Regulators in Ireland and Luxembourg have ordered funds to submit plans for new structures that disallow the process, disappointing investors who hoped it would be exempt from new European Commission money market rules
'Share destruction' or 'reverse distribution' refers to a specific method of cancelling shares that allows funds to maintain a consistent share price even if associated assets lose value. Share cancellation in general will not be permitted under the new market rules from January 2019.
Irish Funds, the trade body for asset managers in Ireland, told the Financial Times: "In the interests of investors and to avoid unnecessary market disruption we have requested and expect reasonable transition arrangements are facilitated during 2019."
These changes are part of the EU's measures to introduce stress test and liquidity requirements for Euro-denominated markets.
Get in touch
Is scrapping the share destruction system a good move? What do you think the effect will be on transparency in money markets? Share your thoughts @ICAS_students on Twitter or email email@example.com.
In this week's blog, we take a look at how tax works in the gig economy and investigate the basics of corporate insolvency. We also show you how to measure your life success and examine the situation surrounding an FCA fine for financial reporting. To gear up for exams, we also round-up the resources available online for TPS and suggest some brain food for exam day breakfasts.
What is the Gig Economy and how does it affect tax status? We go back to basics on the considerations to be made around employment and self-employment.
Insolvency is taught at TPS Advanced Finance and is also relevant to TPE case studies, where a company is, or may become insolvent. Read our back to basics on corporate insolvency for a great summary on types of voluntary liquidation and more.
"How do you measure success?" It's the interview and evaluation question that can leave a lot of us stumped. Surely 'success' is self-explanatory, right?
Your brain needs fat, water, vitamins, minerals and glucose (carbohydrates and sugar) - in that order. Our quick-fire guide and links to easy recipes will take the stress out of nutritious eating for study and exams.
ICAS tutors have put together a series of Back to Basics guides, infographics and support material on TPS subjects.
On 17 October 2017, the Financial Conduct Authority (‘FCA’) fined the global mining group Rio Tinto plc £27,385,400 for failures in its 2012 half-year accounts. But what were those failures, why was such a fine necessary and are there any financial reporting lessons for CA students?