Why do Training Records have to be maintained?
The Training Records provide a means by which the student's relevant supervised training can be recorded, documented and ultimately evaluated by the Institute on his/her admission to Membership. The general requirement of the Institute is that the student has a broad base of practical training and each completed set of Training Records will be assessed on its overall merit upon admission to membership. Students are required to have a minimum of three years of completed Training Records on file when applying for Membership. The training must be signed off and supervised by a qualified accountant.
How often do I need to submit my Training Records?
Students are required to submit their training on a daily/weekly basis using the online system which is accessed through MyCPA. Mentors are required to review and approve the training on a quarterly basis.
All students are required to have at least three years of training records on file when applying for membership.
What is the difference between Training and Experience?
Training is an essential part of the process of preparing CPA students for membership of the Institute. It has a number of elements, the most significant of which is supervised practical experience in accounting-related work. Other relevant supervised activities, such as simulation, research, project work or training courses may also be included. Experience on its own does not constitute training. It must be progressive, supervised and entail structured feedback.
How Much Training Can I Record?
You must log training for each working day. You must not log more than 12 hours in any one day and we will not accept more than 48 weeks in any one calendar year.
How do I submit training records if I change employer during the year?
If you change employment during the calendar year you must add a new mentor with a start date corresponding to the start date of your new position. The system will then automatically change the end date of your previous mentor.
How do I select the appropriate Training Levels?
Trainees may record training at two different levels Collect, Categorise and Analyse (CCA) and Evaluate, Report and Recommend (EvRR). This is to record the expected escalation in complexity and responsibility as the training progresses.
CCA is more common at the earlier stages of a trainee’s structured training programme, where there is less scope for working independently and the work is less complex or technical than when nearing qualification. This is appropriate where a trainee is involved in collecting and organising basic business facts into meaningful data in an environment in which the standards have been previously determined and there are established reporting structures. The trainee may be involved in the preparation, verification and analysis and extrapolation of information while under the close supervision of senior staff.
EvRR – is a progression from the training classified as CCA. The trainee will have a greater degree of autonomy and a more in depth understanding of relevant principles and procedures. The trainee will: be capable of exercising autonomy and judgement in applying knowledge and skills in the context of the Professional Standards and Ethics that apply to professional practice; manage and transform work contexts that are complex, unpredictable and require new strategic approaches; and, take responsibility for decisions and recommendations.
Who can approve my Training Records?
You mentor must be a fully qualified accountant who is a current member of an accountancy body which is a member of the International Federation of Accontants (IFAC). When you first register your mentor, we will confirm their membership status.