ICAEW - Insolvency

Introduction to the Qualification

Study Manual

Price: £130.00          ISBN: 9781445389905             Suitable for: exams in 2012

Description: This Study Manual works through the syllabus, and hence the order of a liquidation, logically and methodically, enabling a full understanding of all aspects of liquidation. Each chapter puts the subject matter into its practical context and contains short and long questions to practise. The chapters end with a summary and self test questions, to enable the student to consolidate their learning and test their understanding. The introductory pages of the book contain features such as an analysis of past exams and some tips on study techniques.

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Question Bank

Price: £90.00           ISBN: 9781445389912            Suitable for: exams in 2012

Description: The question bank will test your knowledge of the syllabus. Tests are grouped into areas to help focus your revision. Final revision tests are also included to check that you have a good all round knowledge of the syllabus before taking the exam. The ICAEW pilot paper is also included for you to get exam practice before the real thing.

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Passcards

Price: £50.00          ISBN: 9781445389929             Suitable for: exams in 2012

Description: The ICAEW Certificate in Insolvency Passcards are small, clearly-presented revision aids using diagrams and memorable phrases to summarise the topics covered in the Study Manual. To make things easier, the chapters in the Passcards match those in the Study Manual. Use these cards when you are getting closer to the exam and want to revise a topic quickly. Their smaller size and comprehensive syllabus coverage makes them ideal for revision on the move.

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The Professional Body

As a world-class professional accountancy body, The Institute of Chartered Accountants in England and Wales (ICAEW) provides leadership and practical support to over 132,000 members in 160 countries.

Renowned for its ACA qualification, the ICAEW has also introduced a number of more specialist niche qualifications, including the launch in 2010 of the Certificate in Insolvency. The ICAEW is the UK’s largest insolvency regulator.

What is the qualification?

The Certificate provides a practical introduction to the work of an insolvency practitioner.

It can be studied as a standalone qualification or as an additional qualification to complement either the ACA or CFAB.

Computer-based exams are held at frequent intervals throughout the year, so you can time your study and exam session to suit your own needs.

Who is the qualification for?

The qualification is designed for those considering embarking upon a career in the insolvency profession, whether via the accountancy or legal professions. Participants may have prior qualifications in either accountancy or the law,  but  the qualification is also suitable for unqualified team members working on insolvency cases on a daily basis.

It provides an ideal first step for anyone planning to study for the Joint Insolvency Examinations Board (JIEB).

Entry requirements

No prior knowledge is required and there are no formal entry requirements.

Short outline of the syllabus

Legal and regulatory framework for insolvency - English law (15%)

Concepts and principles of insolvency (25%)

• Definition of insolvency
• Types of insolvency
• The insolvency practitioner
• Impact on employees, creditors and other affected parties
• Assets and transactions
• Statement of affairs, other reports and estate accounting

Corporate insolvency (40%)

• General concepts and processes
• Voluntary liquidations (members and creditors)
• Compulsory liquidations
• Company voluntary arrangements (CVAs) and schemes of arrangement
• Administration
• Administrative and other receiverships
• Turnaround and restructuring

Personal insolvency (20%)

• General concepts and processes
• Individual voluntary arrangements (IVAs)
• Bankruptcy
• Insolvent partnerships
• Other solutions to personal insolvency problems (statutory and non-statutory)