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ACCA Student Handbook Table of Contents

1. Introduction to Cornerstone and Luthien Advisory Ltd 2. Courses offered by Cornerstone 3. Tutors of ACCA

4. The ACCA course 5. Facilities for ACCA Students 6. Policies & Procedures 7. Our Team

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INTRODUCTION TO CORNERSTONE AND LUTHIEN Cornerstone & Luthien Advisory Ltd is currently the only approved learning provider for ACCA

programmes in Rwanda. We are located at Rubangura, first floor next to the National Institute of

Statistics.

We are currently the leading training institutions offering tuition for the Government sponsored

students by the Ministry of Finance and Economic Planning, Government of Rwanda and the Office of

the Auditor General. We are also the lead trainers for the big audit firms in Rwanda such as Ernst &

Young, Deloitte, Grant Thornton and KPMG. We have highly qualified, committed and experienced

teaching staff whose pride is to make students obtain the best grades and complete their courses

with the aim of passing the professional examinations on the first attempt.

Who We Are

Cornerstone and Luthien Advisory Ltd is tuition provider committed to provide innovation and excellence in internationally recognized professional programmes. We are also a management consultancy company registered in Rwanda and Kenya.

We are affiliated with the following examining bodies: Association of Chartered Certified Accountants (ACCA, UK);

others Institute of Certified Public Accountants of Rwanda Kenya Accountants and Secretaries Examination Board (KASNEB); Institute of Certified Internal Auditors, USA CFA Institute, USA

We Train,

Consultancy Services

Strategic Planning Institutional Development Project Design, Implementation Monitoring and Evaluation. Research and Baseline Studies Training and Capacity Building Assets Management.

Our clients:

Ministry of Finance and Economic Planning, Government of Rwanda Rwanda Revenue Authority Rwanda Development Board Deloitte EY Rwanda

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National Bank of Rwanda GPO Partners OAG Rwanda ZIGAMA CSS Women Enterprise Fund Owezo Fund Oversight Board Ministry of Industrialization, Government of Kenya Kenya Development Planning Centre

OUR COURSES

Cornerstone is one the leading Accountancy and financial training company based in Kigali. Since our commence of operation in Rwanda, hundreds of individuals and numerous large corporates have showed interest in training with us.

We offer coaching classes for:

ACCA Qualification- Associate Chartered Certified Accountant (UK) ACCA-FIA

others CPA - Certified Public Accountant (Rwanda) CPA - Certified Public Accountant (Kenya) CFA - Chartered Financial Analyst (USA) CIA - Certified Internal Auditor (USA)

Apart from the above exam based qualifications, we do offer consultancy in Strategic Planning, Institutional Development, Project Design, Implementation, Monitoring and Evaluation. Research and Baseline Studies, Training/Capacity Building and Assets Management. Whether it is a basic/introductory training or advanced training needs involving complex and high end expertise, our consultancy team can meet your specific needs.

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OUR PROFESSINAL LECTURERS Bruce Ntege, FCCA Bruce is A Fellow of the Association of Chartered Certified Accountants – (FCCA) with over 15 years teaching experience. His teaching career commenced in 2003 after becoming an Affiliate. Has provided ACCA revision programmes before in Rwanda under MAT Uganda. He has also been a key note speaker in various forums in ACCA. He is experienced in teaching:, F7, F8, P2, and P7.Bruce has an MBA (Finance) and Bachelor of Commerce (Accounting Option) from Makere University in Uganda. Amos Okech ACCA, MBA Certified Public Accountant, Chartered Accountant, Financial Management Consultant, Certified Trainer, Experienced Banker ( Over 15yrs Management Experience)

Sunday Kalisa ACCA CPA

has worked with Kobil Petroleum Rwanda as Management Accountant and Credit Control Manager. Shortly before joining us, he was working as General Manager at Legitimate Consult ltd a Management Consultancy Company.He has also worked as a part time lecturer at a college in Rwanda covering a number of subjects such as Management Accounting, Managing Costs and Finances, Accountant in Business etc .at CAT level and P1 - Governance,Ethics and internal controls for ACCA professional level paper.

(Over 10 Years Management Experience)

Jean Leonard Muziga ACCA CPA

Member, Institute of Certified Public Accountants Rwanda, CPA(R) and Association of Chartered Certified Accountants ACCA, Jean plans and conducts operational and financial audits to enssure financial statements are fairly presented in alignment with IFRS. He is an excellent Financial Reporting tutor. Dennis Mururi Kimani ACCA CPA Number 1 Kenyan affiliate and number 39 overall worldwide - ACCA December 2014 exams. Number 1in Kenya and number 13 worldwide ACCA P5 -Advanced Performance Management December 2014 exams. Best in Bridge the Gap Universities challenge held at Kenyatta University -August 2013. Number 1 in Kenya and number 11 worldwide ACCA P1- Governance, Risk and Ethics June 2012 exams.

Joseph Kibuuka Kisomba ACCA CPA Professional discipline:Economics, Chartered Accountant ( ACCA), Legal and HRM.Detailed task assignment: Lecturer for Performance Management papers. Clifford Agaki ACCA Clifford is a member of the Association of Charted Certified Accountants. Clifford has over 14 years of engagement as an ACCA Trainer specializing in Corporate Reporting (P2) and Taxation (F6) He is credited with improving the pass rates for the Financial Reporting papers (CPA and ACCA). Agaki also doubles up as the chairman of the Cornerstone Training Institute.

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David Kamukama, ACCA,MBA,CPA,BCOM David has over 15 years teaching experience in professional programmes. His specialization is mainly in Financial Report, Auditing and Advanced Audit Practice. Kamukama has both industry and classroom teaching experience. He has consistently recorded high pass rates in the auditing papers over the years. Virtually many CFOs and CEOs in Rwanda have passed through classes with Kamukama..

THE ACCA COURSE Association of Chartered Certified Accountants has over 200,000 members and 460,000

students around the globe. With that figure, it stand as the largest professional accountancy

body in the world. With average salary of £49,500 per year in UK, it is amongst the top paid

professions in the United Kingdom and worldwide. The qualification is very well recognised in

The United Kingdom as well as most of the common wealth countries.

To complete the professional qualification, a student needs to complete 14 courses as follows:

FOUNDATION LEVEL

Knowledge Module F1 Accountant in Business

F2 Management Accounting

F3 Financial Accounting

Skills Module

F4 Corporate and Business Law

F5 Performance Management

F6 Taxation

F7 Financial Reporting

F8 Audit & Assurance

F9 Financial Management PROFESSIONAL LEVEL

Essentials P1 Governance, Risk and Assurance P2 Corporate Reporting P3 Business Analysis

Options (two to be completed) P4 Advanced Financial Management P5 Advanced Performance Management P6 Advanced Taxation P7 Advanced Audit and Assurance

ENTRY ROUTES BASIC: The basic entry requirement in order to commence ACCA examinations is 2 A Levels and

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3 GCSEs or equivalent. DEGREE ROUTE: If your degree is issued from a university accredited by the ACCA, you can gain entry in ACCA besides gaining possibly 9 exemptions (maximum) on the basis of your current qualifications.

ELSE: Even if your qualification is not recognised, you can still commence the ACCA course but

will not get any exemption. If you do not have the necessary qualifications for enrolling in the

ACCA Professional Qualification, you can enrol in FIA (Foundations in Accountancy) and

complete the Diploma in Accounting and Business (No formal entry requirements). This will

give you entry in the ACCA Professional Qualification with exemptions in papers F1, F2 and F3.

ACCA CONTACT INFORMATION ACCA UK The Adelphi 1-11 John Adam Street London WC2N 6AU

Tel: +44 (0)141 582 2000 (ACCA Connect) Fax: +44 (0)20 7059 5050 Email: info@accaglobal.com If you are submitting any documentation to ACCA, this should be sent to:

ACCA 110 Queen Street Glasgow G1 3BX

Student Enquiries: students@accaglobal.com Member Enquiries: members@accaglobal.com Tel: +44 (0)141 582 2000 Fax: +44 (0)141 582 2222 Web: www.accaglobal.com www.accaglobal.com/gb/en/student.html

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OTHER FACILITIES FOR ACCA STUDENTS

Free WIFI for Personal Laptops (on request)

POLICIES & PROCEDURE

1. Enrolment Terms & Conditions 2. Refund Policy 3. Deferment Policy 4. Fee Transfer Policy 5. Class Cancellation and Student

Liaison 6. Make Up Class 7. Class Attendance Policy 8. Student Feedback Policy 9. Complaints Policy 10. Performance Report to Sponsor 11. Distribution of Material 12. Prohibited Activities 13. Provision of Study Material 14. Performance Evaluation

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Enrolment Terms & Conditions

Objective: To maintain a high level of tuition provision, being flexible to deliver our market’s demands Policy or Procedure: Student is required to read and understand our enrollment terms and conditions and we expect high level compliance.

Refund Policy Purpose: To provide procedure of the refund of tuition fee to the students Scope: All students of various courses Policy or Procedure:

1) Fee refund request will only be considered via email or in writing to the name of the Manager Director

2) Fee refund claim shall be made before the 2nd lecture of the course and batch, you are enrolled for. The 2nd lecture of the course will be considered as per the schedule of Cornerstone

3) Following amount will be deducted from the amount while refunding the fee; a. Study material charges b. Services availed (No. Of lectures attended –proportional amount will be deducted) c. Administrative charges i.e. 15% of the fees

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Deferment Policy Purpose: Deferral of tuition fee for the next study session Policy or Procedure:

1) Fee deferment request will only be considered via email or in writing to the name programme Coordinator who will confirm your eligibility

2) Student may be awarded deferral of tuition fee up to the next study session only. No deferral can be claimed for more than one study session

3) No transfers will be allowed after study materials have been issued. Extra charges for study material shall be applicable to the student in case of change in the syllabus or study material in next session. Charges for study material are completely at the discretion of CLA Fee Transfer Policy Purpose: To clarify about the transfer of tuition fee from one student to another Policy or Procedure:

1) A fee paid by a student for specific course during a study session can be transferred to another student. However, this will be accepted on condition that you provide proof of funds or letter from sponsor acknowledging the transfer.

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Class Cancellation and Student Liaison Policy or Procedure: Proper Database is maintained of all the students (soft form) in case of class cancellation, students Will be informed via SMS service or phone call from our committed administrators If the class cancellation is in consideration of management (public holiday etc.), students are informed in the class and notice is also displayed on the Notice Board. (Refer to calendar of events) Make Up Class Purpose: Due to non-fore seen circumstances, class might be cancelled i.e. Examples of disruption may be any hazard, weather problem, unplanned or unexpected holiday, and unforeseen problem with tutor or any other event Policy or Procedure:

1) Make up classes shall be arranged in case of disruption of classes due to the occurrence of events beyond the control of Cornerstone and Luthien Advisory Ltd.

2) Make up class for individual student can be arranged only at interest of Cornerstone.

Request from student should be in writing. Student who skips his classes due to his personal reasons cannot demand a makeup class for that lecture

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Class Attendance Policy Objective: To preserve the class discipline and compel students to take the class lectures, to avoid the possible failure in examination Policy or Procedure: Students who have less than 85% attendance during a semester will be reported to their sponsors or parents. Students are expected to be in class on time (ensure punctuality) and are expected to attend all lectures, class tests, and mock exams. Complaints Policy

Objective: To ensure timely solutions to the problems of our students/clients Scope: Applicable to all students/clients of CLA Policy or Procedure: Students should convey their displeasure with an aspect of their concern (Tuition, Staff, Administration or Resources etc.) to either their Tutor or Coordinator who is always available in office. If the matter is not resolved to their satisfaction or if it is of significant importance so they want the matter to be investigated in detail, they should complete the complaints form that is to be made available at the reception area at all times. Every written complaint should be replied in writing to the complainant regarding the decision against the complaint. Student Feedback Policy Objective: To get the feedback of the students to evaluate the performance of the lecturers, and can add up their valuable suggestions to enhance their training methodolgy. Scope: Applied on all the students of all courses at CLA Policy or Procedure: After five sessions of each course unit, feedback is taken from the students in hard form, regarding their overall experience with the trainer of their opted paper (students opting multiple papers are supposed to give the feedback of each trainer separately). The overall feedback about the institute is also taken from the students, and the

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valuable inputs are considered keenly and also adopted where possible. Performance Report to Sponsor Purpose: To keep sponsors up to date on students’ performance and attendance Scope: All courses of CLA Policy or Procedure: Sponsors are communicated about the student’s class performance through email and hard copy at the end of every month or as scheduled. The performance report comprises of test results, attendance and overall performance of the each student Distribution of Material

Scope:

All persons wanting to distribute materials on the CLA premises

Policy or Procedure:

1. All students and non-students shall register with the Programme Coordinator prior to distributing any handbill, leaflet, newspaper or related matter.

2. Distribution by means of confronting our students is prohibited.

Provision of Study Material Purpose: Guidelines on issuing course material Scope: Applied on all the students of all courses at CLA Policy or Procedure:

1. Any course material provided is only for the sole property of the student. Sharing the same with anyone will be considered as violation of copyrights and subject to legal action

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Performance Evaluation Purpose: To keep students updated with their performance in tests, and mock. Scope: All courses of CLA Policy or Procedure:

1) Students are communicated about the class test at least 1 week before the test day. However, trainer can take the surprise test without any prior intimation (Always refer to our calendar of events)

2) Answer script is handed over to the student so that he can evaluate his mistakes to coup up in future successfully (Standard solution is given to the students)

3) Trainer discuss the test and its standard solution in the next class

4) Internal exams (MOCK and CAT) CLA conducts two internal exams, CAT is

done one month after commencement (results will be issued after 10 working

day) MOCK exam are done after tuition completion (results to be issued before

revision classes start) Please note that these internal exams help in knowing

your stand, they determine your readiness for final exam. To all sponsored

students; Attempting mock (internal) exams, these are compulsory for papers

you have been currently sponsored and registered for. Students who fail to

attend classes and mock/internal exams set by CLA will be reported to their

sponsor. (As per agreement with sponsors)

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Our Staff/Management Team Mr. Kennedy Bichanga, Principal Mr. Simeon Khakata, Managing Director Mr. Innocent .T Director/Strategic Planner Mr. Alabiike Romano D Programme Coordinator Ms. Divine Giramata Head of Students’ relations/ Marketing Mr.Jean de Dieu Niyibizi ACCA CBE Invigilator/Administrator Mr Jackson Kuradusenge Senior Administrator. Emmanuel Ndabaramiye Senior Administrator Denis Nizeyimana Administrator

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