- Revision of Business Accounting and Financial Management
- Limited company accounts
- Capital structure of limited companies
- Preparation of financial statements
- The Regulatory and Conceptual Framework
- IFRS content
- Ratio analysis and interpretation
What is CIAP?
Certified International Accounting Professional (CIAP)
The Certified International Accounting Professional (CIAP) program is a globally recognized certification offered by the Institute of Accountants and Bookkeepers (IAB) with certificate validated by National Skill Development Corporation (NSDC). It is designed as a six-month course to equip commerce students with essential accounting and bookkeeping skills. The program addresses the growing demand in the outsourced accounting services sector and prepares professionals for industry-ready roles. The development of the CIAP program has been a collaborative effort with the IAB, ensuring it aligns with global industry standards and employer expectations.
Logic School of Management
In Collaboration With the National Skill Development Corporation (NSDC)
CIAP Course authorized by The Institute of Accountants and Bookkeepers (IAB)
In collaboration with the National Skill Development Corporation (NSDC), we offer the CIAP Course authorized by The Institute of Accountants and Bookkeepers (IAB). This partnership ensures a globally recognized curriculum that equips students with the necessary skills for a successful career in the outsourcing sector.
The CIAP Course provides in-depth knowledge in accounting, finance, and business management, with a focus on practical skills that are essential for excelling in the outsourcing industry. With expert guidance and comprehensive training, students will be prepared to meet industry demands and thrive in dynamic work environments.
The Institute of Accountants and Bookkeepers (IAB), established in 1973 and celebrating its 50th anniversary in 2023, is a non-profit membership organization with a global presence across four continents. Listed as a professional body supervisor under the UK Money Laundering Regulations (MLR), IAB offers a range of courses in accounting, bookkeeping, and finance, meeting international standards and empowering professionals with the expertise to succeed in the global market.
Exam Syllabus and Structure
Why CIAP?
India, as a global hub for outsourcing, especially in non-STEM fields, has a rising demand for accounting professionals. However, the lack of specialized training programs has led to inefficiencies in recruitment. CIAP addresses this gap by providing industry-specific training, preparing students for careers in accounting and finance. The program is offered in partnership with Logic School of Management, the exclusive partner of IAB in India.
Module 1 – Financial Accounting
Module 2 – Management Accounting
Module 3 – Regulatory Compliance and Human Resources
Module 1 – Financial Accounting
Module 2 – Management Accounting
- Principles of cost accounting
- Accounting for materials, labour and expenses
- Budgeting
- Forecasting
- Traditional costing and modern approaches to costing
- Variance analysis and standard costing
- Short term decision making
- Long term decision making
Module 3 – Regulatory Compliance and Human Resources
- Regulatory compliance
- Human resource skills and personal development
Exam Syllabus and Structure
Module 1 – Financial Accounting
Module 2 – Management Accounting
Module 3 – Regulatory Compliance and Human Resources
Module 1 – Financial Accounting
- Revision of Business Accounting and Financial Management
- Limited company accounts
- Capital structure of limited companies
- Preparation of financial statements
- The Regulatory and Conceptual Framework
- IFRS content
- Ratio analysis and interpretation
Module 2 – Management Accounting
- Principles of cost accounting
- Accounting for materials, labour and expenses
- Budgeting
- Forecasting
- Traditional costing and modern approaches to costing
- Variance analysis and standard costing
- Short term decision making
- Long term decision making
Module 3 – Regulatory Compliance and Human Resources
- Regulatory compliance
- Human resource skills and personal development
Placement Opportunities
CIAP graduates are highly sought after, with placement opportunities at leading companies offering roles in outsourced accounting. Expected starting salaries range from ₹2-3 lakhs per annum.
FAQ – CIAP
1. What is the CIAP program?
The Certified International Accounting Professional (CIAP) program is a globally recognized certification offered by the Institute of Accountants and Bookkeepers (IAB-UK). It is designed to train professionals for outsourced accounting roles, focusing on bridging the gap between employer expectations and employee skills.
2. Why should I enroll in the CIAP program?
CIAP provides specialized training in accounting and finance, addressing the increasing demand for skilled professionals in outsourced accounting roles. It is especially beneficial for non-STEM (Science Technology Engineering Mathematics) students looking to build a career in accounting. The program prepares you for industry-ready roles, with placement opportunities in leading outsourcing companies.
3. Who is eligible to enroll in the CIAP program?
Graduates or students pursuing their graduation should be ideal for the program even though it mandates 12th Pass as Minimum Qualification.
4. What is the duration of the CIAP program?
The CIAP program lasts for 6 months, with a total of 700 hours of coaching.
5. What is the mode of coaching for the CIAP program?
The program is conducted offline and online
6. What materials will I receive during the program?
Students will receive soft copy materials provided by IAB. Additional reference materials may be recommended for further learning.
7. What is the structure of the CIAP exam?
The CIAP exam is an online, closed-book exam consisting of multiple-choice questions (MCQs). The exam duration is 2 hours, and the pass mark is 50%.
8. What are the topics covered in the CIAP program?
The program covers topics like double-entry bookkeeping, financial statements, IFRS standards, ratio analysis, Cost accounting, budgeting, forecasting, variance analysis, decision-making techniques, Taxation, anti-money laundering, business risk assessment, and HR skills.
9. How do I receive my CIAP certification? And who authorizes the Certification?
Certificates will be issued within 1 month of passing the exam. The certificate will be authorised by IAB and validated by National Skill Development Corporation (NSDC).
10. What happens if I don't attempt the exam on time?
Candidates must attempt the exam within 3 years of registration. If the exam is not taken within this period, the registration will be cancelled, and re-registration will be required.
11. Do we get placement assistance after completing the CIAP program?
IAB provides placement assistance to the students with the support of Logic-Veranda. Upon successful completion, you will be eligible for placement in various outsourcing companies.
12. What is the salary range after completing the CIAP program?
The estimated salary packages for CIAP-certified professionals range from ₹2-3 lakhs per annum, depending on the company and role.