INSTITUTE OF COST & EXECUTIVE ACCOUNTANTS
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INSTITUTE OF COST & EXECUTIVE ACCOUNTANTS
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| Institute of Cost & Executive AccountantsINCORPORATION AND CONSTITUTIONThe Institute is a professional and examining body representing Cost and Executive Accountants. It promotes the study and adoption of scientific methods in industrial and commercial enterprise, local government, public service and internal audit streams. The Institute is the only accounting body which provides training to produce financial decision-makers and teaches management auditing. There are two grades of membership, Fellows and Associated, who are entitled to designate themselves as "Incorporated Executive Accountant" and to use the letters FCEA and ACEA respectively. The institute's examinations are held twice a year in the UK and abroad. What is the ICEA?The Institute of Cost and Executive Accountants (ICEA) started off as the Institute of industrial and Commercial Accountants back in l939. On the 25th November 1958 it was incorporated as a company limited by guarantee, and adopted its present name with the permission of the Department of Trade & Industry on 10th June 1995. The Coat of Arms and badge were granted to the Institute in 1988 by Her Majesty the Queen, through her Kings of Arms at the College of Arms. The Institute is a Member of:-
Why was the ICEA Established?It was established mainly to fill a gap in the accounting profession. Public Accountants both Chartered and Certified produce auditors to certify the Year End Accounts. Management accountancy produces management Accounts and Management information. Before the ICEA was established in 1958 there was none to take financial decisions and to handle corporate finance. The ICEA was established to produce tomorrow's accountants, to excel in making financial decisions, in handling corporate finance, and in performing management auditing in addition to normal accounting functions The Institute was the first accounting body in the world to provide an examination in Management Auditing for its members. The present Examination syllabus has been prepared to cater for the accounting profession in the European Union and in the Commonwealth. The Institute has over 3,500 members and about 2,000 registered students. It is a modern accounting body which seeks to produce tomorrow's accountants. The Institute has 14 branches in UK and 18 overseas branches. By bringing together into one organization persons engaged in a broad spectrum of enterprises, the Institute facilitates the exchange of vital information and ideas, so providing a valuable service to its members and to the accounting profession. Who is an Executive Accountant ?He or she:
An executive accountant has responsibility above that of a management accountant. An executive accountant is expected to play an active and efficient role in the strategic decision-making and implementation of policy at board level, rather than merely providing information designed to assist the Board in their decisions. An executive accountant is qualified to administer finance and to control a company's financial operations. <%--PUBLICATIONThe Institute's official journal, 'Executive Accountant' is published at intervals during the year. Newsletters, in the form of supplements to the journal, are published regularly. The 'Executive Accountant' and Newsletters are sent free of charge to all Members and Registered Students. The Journal contains articles of interest to Cost & Executive Accountants, book reviews and notices of current developments in the profession. The Correspondence Column provides a forum for discussion among Members and Registered Students. --%> <%-- |
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