New diploma in investment accounting from ICAS wins innovation award
3 Nov 09
Scottish Investment Operations (SIO), which has brought a new diploma in investment accounting to the financial services market in partnership with ICAS and the Chartered Institute of Bankers Scotland (CIOBS), won the Innovation in Education and Skills award at last night’s Scottish Financial Enterprise Innovators’ awards
SIO, ICAS and CIOBS are combining their professional training and examining skills to bring the new qualification to the market.
Alan Thornburrow, chief executive of SIO, said: “Scotland is a centre of excellence for investment accounting. This diploma was created after research showed an absence of qualifications for both new and experienced investment (or fund) accountants. We are very pleased to have this work acknowledged, particularly bearing in mind the calibre of other entries.”
The diploma in Investment Accounting will plug a skills gap in the investment industry, the absence of qualifications for new and experienced investment (or fund) accountants.
The qualification has been shaped though consultation with the fund management industry’s largest employers. Candidates will gain an understanding of the theory and practice of investment accounting in areas such as: valuing and pricing funds; reconciling transactions with related parties; maintaining accurate records of transactions; tax considerations; forecasting revenue and expenses; statutory reporting and client servicing.
The launch date for the diploma is January 2010. After this, the qualification will be marketed further afield by ICAS, CIOBS and SIO.
For more information on the Diploma, click here