| Q1. |
Three of the TE share the same name as CPA QP Modules. Are they the same
thing? |
| Ans. |
The syllabuses of the four TE Papers (viz. Auditing & Information
Management; Financial Management; Management Accounting and Taxation)
are on similar topics as those of the CPA QP Modules. However, the papers
are set at a standard equivalent to the Certificate Stage/Level Two of
the Joint Examination Scheme.
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| Q2. |
If I have passed 9 JES papers that qualify me for getting exemptions
from the four papers in the TE, can I enter the CPA QP directly?
|
| Ans. |
No, according to the rules of the TE, exemptions will be granted for
up to three TE papers upon application for those who have completed 7
to 9 papers under the JES. If all the 9 JES papers render you to be eligible
for exemption from the four TE papers, you can choose to sit any one of
these four TE papers. Please note that under any circumstances you have
to sit for at least one TE paper to meet the CPA QP admission requirements.
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| Q3. |
If I have completed the TE, will I automatically become
a CPA QP student? |
| Ans. |
Yes, you will be accepted to the CPA QP upon completion of the
TE.
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| Q4. |
I have passed 8 JES papers, will I be exempted from
3 TE papers?
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| Ans. |
It depends on which 8 JES papers that you have passed. Please refer
to the following Exemption Table for the exemption policy. Paper in Transitional
Examinations Paper Passed/Exempted under JES Auditing & Information Management
Paper 5 (Information Analysis) + Paper 6H (Audit Framework) or Paper 10H
(Accounting & Audit Framework) Financial Management Paper 3 (Management
Information)+ Paper 8 (Managerial Finance) or Paper 14 (Financial Strategy)
Management Accounting Paper 9 (Information for Control & Decision Making)+
Paper 12 (Management & Strategy) Taxation Paper 7(H) (Tax Framework -
HK) orPaper 11(H) (Tax Planning - HK)
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| Q5. |
Papers 9 and 12 are no longer offered in ACCA's new syllabuses introduced
in the December 2001 Examination. What papers shall I pass in the December
2001 diet to be eligible to get exemption from TE's paper on Management
Accounting?
|
| Ans. |
Pass in Papers 3.3 (Performance Management) and 3.5 (Strategic
Business Planning & Development) will enable you to be eligible for exemption
from the Management Accounting paper of the TE.
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| Q6. |
Is the TE syllabus available for purchase? How can I obtain it?
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| Ans. |
The syllabus of the four TE papers will be put on the Institute's homepage
(http://www.hkicpa.org.hk). |
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| Q7. |
Will there be any Revision Course offered to students taking the
TE?
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| Ans. |
Revision Courses on the four TE papers will be offered by the Institute
in collaboration with tertiary institutions.
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| Q8. |
How long will the TE last? Is it offered to JES students only?
|
| Ans. |
The TE will be offered for three years in 2002, 2003 and 2004. Two
diets will be held each year, in June and December. Those who fail in
any of the four papers can re-sit the paper(s) before the termination
of the TE in December 2004. Only existing JES students who remain on the
Institute's student register after the termination of the JES are eligible
to sit the TE. |
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| Q9. |
I am now close to my expiry date of the JES. Will I get a new expiry
date if I choose to take the TE?
|
| Ans. |
Your 10-year time limit will continue to run under the
TE. You can of course apply to the Council for extension of this time
limit. However, do note that if you choose the TE, you must complete it
by December 2004, which is the last diet of the TE.
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| Q10. |
Can I take the TE and continue to sit for ACCA's papers?
|
| Ans. |
Yes. The HKICPA TE and ACCA's Examinations are two different examinations
offered by two different bodies. You can sit both examinations provided
that you pay the fees/annual subscription of the bodies concerned.
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| Q11. |
Both the TE and ACCA Examinations are held in June and December of
the year, will the examination dates of the two examinations clash?
|
| Ans. |
The first TE will be held in the 3rd week of June 2002
(tentative), which should not clash with the ACCA Examinations which are
normally held in the 1st and 2nd week of June. However, as the two examinations
are independent examinations offered by two different professional bodies,
there is no guarantee that they will not clash.
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| Q12. |
I have passed/exempted less than 10 papers under JES, but has obtained
a postgraduate diploma in professional accounting, which is one of the
accredited Conversion Programmes of the Institute. In this case, do I need
to take the TE to meet the CPA QP admission requirements?
|
| Ans. |
It depends on whether you have a degree (in any discipline)
granted by a tertiary institutions (Hong Kong or non-Hong Kong) recognised
by the Institute. If you do, there is no need to sit the TE. If you do not
have a recognised degree, then it is likely that have to qualify for CPA QP
admission by taking the TE.
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| Q13. |
How do Conversion Programmes compare with the TE?
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| Ans. |
Conversion programmes are only applicable to those who have a recognised
but non-relevant (i.e. non-Accountancy major) degree and they are offered
by tertiary institutions. Whilst the TE is an examination of the HKICPA
open only to all JES students not eligible for direct transfer to the
CPA QP, irrespective of their academic qualifications. In addition, most of
the Conversion Programmes are award-bearing courses of local tertiary
institutions, for which the graduates would be granted formal academic
qualifications (e.g. Master in Professional Accounting, Postgraduate Certificate,
Postgraduate Diploma, etc.) by these institutions.
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| Q14. |
When can I apply for exemption under the TE? And when will the application
form be available?
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| Ans. |
The closing date for exemption applications for the June 2002 diet
is 31 March 2002. Application forms will be available in January 2002.
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| Q15. |
I am a JES student but have not been taking any JES examination.
I am taking the HKAAT examinations. I understand that with the completion
of HKAAT, I can claim exemptions for 6 papers. I may be able to complete
HKAAT examinations by 2002. Can I join the TE?
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| Ans. |
Yes. Application for exemptions under the TE can be
made after the cessation of the JES as long as they are within the duration
of the TE, basing on similar JES exemption policy, procedures and deadlines.
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