The programme has been running since 2001 and quite a number of things have changed. Uganda is experiencing rapid expansion in small, medium and large scale investments locally and internationally. As the economy grows, the demand for dynamic accountants and financial analysts becomes highly elastic. Many projects are undertaken and all these need trained manpower in contemporary accounting and finance areas to ensure that they are viable and can be sustained.
The International Accounting Standards Board since 2003 has issued and revised many standards. Emphasis on professional ethics is being more critical than before. The Institute of Certified Public Accountants of Uganda since 2005 requires organisations with public accountability to report using International Accounting Standards (IAS) / International Financial Reporting Standards (IFRS). The introduction of the Public Finance and Accountability Act (2003) introduced major changes in public accountability. The policy of decentralization by the government with an emphasis on performance-based management also raises the great need of trained accounting and finance officers who possess the required knowledge and skills to manage and provide timely accountabilities.
ICPAU spearheaded the development and enactment of the Accountants Act, 2013. The Act stipulates a number of dimensions that include, among others, the discipline and control of accountants. These issues were not captured in the old curriculum. The ministry of Finance Economic Planning and Development also spearheaded the development and enactment of the Public Finance Management Act, 2015. This Act addressed various aspects of budgeting and budgetary control, public financial management and accountability that are not addressed in the 2001 curriculum.
The programme shall target the students with ‘A’ Level Certificate, Diploma holders and persons who have passed the Mature Age Entrance Examination.
Admission to the First Year
Admission to the programme shall be done in accordance with the University and Faculty Regulations.
A candidate shall be eligible for admission to the programme on meeting any of the following minimum requirements:-
- Two principal passes either in Arts or Science subjects at the Uganda Advanced Certificate of Education examinations (“A” level) or its equivalent;
Economics or Maths or Entrepreneurship
Two best-done subjects
- Must pass the University Mature Age Entrance Examination.
- Any diploma in related fields from a recognised Institution.
- Any degree in related fields from a recognised Institution.
Admission to Other Years
A student who transfers from other recognised universities must spend at least two years on the programme.
A candidate holding a Diploma in Accounting and Finance, Business Studies or related fields of study from a recognised institution may be considered for joining the programme in the second year of study
The programme is a full-time undertaking that lasts for six (6) semesters, or the equivalent of three Academic Years for A-level entrants and four (4) semesters or the equivalent of two academic years for Diploma Holders admitted in the second year. A semester is seventeen (17) weeks with fifteen (15) weeks being for teaching and two (2) weeks for examination. The duration of the Recess Term shall be ten (10) weeks. The timing of the Academic Year shall be arranged in two (2) semesters as follows:-
Semester One: August to December
Semester Two: January to May
Recess Term: June to July
The Recess Term may be used for teaching, research/project activities