Accountancy students at KIMEP University in Kazakhstan will be given an exemption to part of the coveted ACCA (Association of Chartered Certified Accountants) qualification after the university became the first in the country to secure accreditation from the global accountancy body.
KIMEP students studying the Bachelor in Accounting and Audit and Bachelor of Science in Business Administration and Accounting will have exemption to the ACCA F6 paper on Principles of Taxation. In practice, this means KIMEP students will be exempt from sitting the F6 paper should they decide to complete the ACCA global accountancy qualification.
Altyn Shakirkhanova, ACCA Market Head in Kazakhstan, said: 'This is a positive step for KIMEP and ACCA. The majority of ACCA students come from KIMEP, a leading university in Kazakhstan specializing in degree in finance, accounting and economy, with some 75-80 per cent of ACCA students having graduated from there, so it is not surprising that elements of the degree programmes there are aligned with the ACCA qualification. It is encouraging for the students themselves to know that they are on the first step towards securing the ACCA qualification.'
The F6 exemption will cover students on the Accounting and Audit degree at KIMEP studying from 1 January 2016 to 31 December 2020, while those studying the Business Administration and Accounting programme from 1 January 2014 and 31 December 2017 will also secure the exemption.
Dr. Chan Young Bang, President of KIMEP University, commented: 'This is a significant recognition of the quality of KIMEP University’s Accounting and Audit program, as well as the confidence that ACCA has in the program’s graduates. It is a significant milestone on the path to attaining all nine possible exemptions. Moreover, this exemption is vital for the training of the qualified accounting professionals essential for Almaty’s status as an international business center.'
Dr. Tomas Balco, LL.M., FCCA, Director of Central Asian Tax Research Center at KIMEP and a member of ACCA’s Global Forum of Taxation said: 'KIMEP has been seriously addressing the importance of aligning the academic program with requirements of professional qualifications. As a result I am pleased to say that KIMEP graduates can currently obtain exemptions from up to 5 ACCA exams. This is very important, since such graduates become more attractive on the job market, where the ACCA qualification is required. They can complete the ACCA exams much faster than their peers from other Universities and can then focus fully on their professional a careers and private life, rather falling asleep and waking up feeling the stress of passing or failing the next ACCA exam.'
The business community in Kazakhstan appreciates the importance of the ACCA qualification and a young professional will not be promoted to a Manager level, unless he obtains full ACCA qualification.
KIMEP University now continues the efforts of accrediting additional courses and assuring up to 9 exemptions for our students and also additional preparatory courses, so they can graduate from KIMEP with full ACCA qualification either from the existing Bachelor program or from a newly established specialized Master’s program in accounting, which will be launched in September.
KIMEP underwent vigorous assessment of its degrees by ACCA to secure the F6 exemption. Students of Tax in Kazakhstan and Tax Law of the RK will secure the exemption.
The ACCA Qualification has been officially benchmarked as being equivalent to the UK Master’s degree, one which requires four years’ study.
For more information, please contact
JUDr. Tomas Balco, LL.M., FCCA,
Director of the Central Asian Tax Research Center
Tel: +7 701 785 7089
Mr Altyn Shakirkhanova, Market Head – Kazakhstan,
Mob.: +7 701 288 52 13
Notes to Editors
- KIMEP is non-profit institution of higher education. Its mission is to develop well- educated citizens and to improve the quality of life in Kazakhstan and the Central Asian region through teaching, learning, the advancement of knowledge in the fields of business administration and social science, and through community service. In addition, KIMEP aspires to serve the international community by welcoming foreign students to study and by developing extensive international linkages.To fulfil this mission we offer graduate and undergraduate degree programs of the highest level of international educational standards in business, economics, finance, accounting, public administration, political science, international relations, journalism and mass communication.
- ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
- We support our 162,000 members and 428,000 students in 173 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of over 89 offices and centres and more than 8,500 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence.
- Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. Our values are aligned to the needs of employers in all sectors and we ensure that through our qualifications, we prepare accountants for business. We seek to open up the profession to people of all backgrounds and remove artificial barriers, innovating our qualifications and delivery to meet the diverse needs of trainee professionals and their employers.