Maaron Business School is a school in Douala, Cameroon, that provides Africans with the opportunity to obtain British and American international qualifications in the fields of business, accounting and actuarial science. The school was founded in 2004 and received formal Cameroon State Accreditation by ministerial decree on 14 May 2006.
The school provides tuition towards the professional qualifications even though formal UCRS accreditation has not yet been granted formally by the ACCA. This does not make the provision of ACCA qualifications illegal, as the UCRS is not a requirement to offer tuition towards such courses.
In May 2007, the school became a bilingual exam center for the Society of Actuaries examinations starting in fall 2007. As a result, the school has launched the first Actuarial Science course available in Francophone sub-Saharan Africa. The SOA exams review courses are intended to produce the first SOA-qualified actuaries in the region.
Maaron Training is the first professional school of its kind in Central Africa. The school does not issue any qualifications on its own, instead it trains students to pass international qualifications in their chosen field of expertise. Through this system, students achieve internationally recognised credentials.
Since 2006, Maaron Business School has partnered with KASNEB to bring to students in Cameroon the opportunity to sit and pass examinations in Accounting (CPA), business administration (CPS), Information technology (CICT) Credit Management (CCP) and Financial Analysis (CSIA). At 25 January 2011, the school has trained 1232 students towards these professional qualifications.
Typically, classes are organised in semesters starting around September and February each year.
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. The name of the corresponding field is actuarial science which covers rigorous mathematical calculations in areas of life expectancy and life insurance. These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms.
An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certified Accountant or Certified Public Accountant, or Registered Public Accountant. Such professionals are granted certain responsibilities by statute, such as the ability to certify an organization's financial statements, and may be held liable for professional misconduct. Non-qualified accountants may be employed by a qualified accountant, or may work independently without statutory privileges and obligations.
The Society of Actuaries (SOA) is a global professional organization for actuaries. It was founded in 1949 as the merger of two major actuarial organizations in the United States: the Actuarial Society of America and the American Institute of Actuaries. It is a full member organization of the International Actuarial Association.
The Casualty Actuarial Society (CAS) is a professional society of actuaries in North America specializing in property and casualty insurance.
The Institute of Actuaries was one of the two professional bodies which represented actuaries in the United Kingdom. The institute was based in England, while the other body, the Faculty of Actuaries, was based in Scotland. While the Institute and Faculty of Actuaries were separate institutions, they worked very closely together, and their professional qualifications and actuarial standards were identical. On 25 May 2010, voting members of the institute who took part in a ballot voted to merge the institute with the faculty, thus creating the Institute and Faculty of Actuaries, which came into being on 1 August 2010. The Institute of Actuaries ceased to exist on that date.
The Institute of Chartered Accountants of Scotland (ICAS) is the world's first professional body of Chartered Accountants (CAs).
Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). It has 240,952 members and 541,930 future members worldwide. ACCA's headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of over 110 offices and centres in 51 countries - with 346 Approved Learning Partners (ALP) and more than 7,600 Approved Employers worldwide, who provide employee development.
The Association of Accounting Technicians (AAT) is a professional body for Accounting Technicians, with over 150,000 members worldwide.
Griffith College Dublin (GCD) is one of the longest-established private third level colleges in Dublin, Ireland.
The Faculty of Actuaries in Scotland was the professional body representing actuaries in Scotland. The Faculty of Actuaries was one of two actuarial bodies in the UK, the other was the Institute of Actuaries, which was a separate body in England, Wales and Northern Ireland. While the Faculty of Actuaries and the Institute of Actuaries were separate institutions, they worked very closely together, and the professional qualifications and professional standards for actuaries were identical in each of them. On 25 May 2010, voting members of the Faculty who took part in a ballot voted to merge the Faculty with the Institute of Actuaries, thus creating the Institute and Faculty of Actuaries which came into being on 1 August 2010, superseding the Faculty of Actuaries which ceased to exist on that date.
The Institute of Actuaries of India is the sole national apex body for actuaries in India. It was formed in September 1944 by the conversion of the Actuarial Society of India into a body corporate by virtue of the Actuaries Act, 2006. It is under the ownership of Ministry of Finance, Government of India.
The Brazilian Institute of Actuaries is the national association for actuaries in Brazil.
Following is a partial list of professional certifications in financial services, with an overview of the educational and continuing requirements for each; see Professional certification § Accountancy, auditing and finance and Category:Professional certification in finance for all articles. As the field of finance has increased in complexity in recent years, the number of available designations has grown, and, correspondingly, some will have more recognition than others. Note that in the US, many state securities and insurance regulators do not allow financial professionals to use a designation — in particular a "senior" designation — unless it has been accredited by either the American National Standards Institute or the National Commission for Certifying Agencies.
The Institute and Faculty of Actuaries is the professional body which represents and regulates actuaries in the United Kingdom.
Zambian Open University (ZAOU) is a private university, founded in 2002. It is one of the oldest private universities in Zambia. It is a member of the Association of Commonwealth Universities. The University boasts of a top academic record for its Law students in 2017 admitted to the bar followed by the University of Zambia. The University has a vibrant Students Union that addresses student needs in a more professional and mature manner though this is “CAP”. In 2018, the Students Union launched what is called the Student Revolving Fund to support vulnerable students.
The actuarial credentialing and exam process usually requires passing a rigorous series of professional examinations, most often taking several years in total, before one can become recognized as a credentialed actuary. In some countries, such as Denmark, most study takes place in a university setting. In others, such as the U.S., most study takes place during employment through a series of examinations. In the UK, and countries based on its process, there is a hybrid university-exam structure.
Alternative pathways in education are alternative means of obtaining educational qualifications, other than the traditional means of gaining access to or completing the required study to obtain the educational qualifications.
The University of Professional Studies, Accra (UPSA) formerly known as the Institute of Professional Studies (IPS), is a public university in Ghana. The main campus is located in Accra. UPSA is the first university in Ghana to provide both academic and business professional education. The University of Professional Studies Act, 2012 (Act 850) changed the name of the Institute of Professional Studies to University of Professional Studies, Accra. UPSA is nationally and internationally accredited by the National Accreditation Board (Ghana) and the Accreditation Council for Business Schools and Programs (ACBSP), respectively.
OpenTuition.com is an online learning site, providing free online training in accountancy and financial services. Founded by John Moffat in 2008, it is based in Riga, Latvia.
CamEd Business School, also known as CamEd Institute, is an institute of higher education in Phnom Penh, Cambodia. It specializes in teaching accounting and finance and is a primary source of new hires for major audit firms in Cambodia.
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