acce imagine the possibilities insight - acceglobal · 1 aafm (american academy of financial...

INSIGHT INSIGHT

Education: “…. that which reveals to the wise and conceals

from the stupid, the vast limits of their knowledge”. Mark Twain

ACCE........................ Imagine the POSSIBILITIES

ACCE is the largest and fastest growing International professional

Economics and Financial network in the world. The Association has 1,500

students and affiliates, and over 2,000 ACCE members in 170 countries.

ACCE offers high quality training to people around the world who seek

rewarding careers in Economics, Finance, Investment, Insurance and

Risk Management.

ABOUT

ACCE

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AAFM (American Academy of Financial Management)

The Global Certification Body.

Thomas Jefferson School of Law, California, USA

www.llmprogram.com

Receive scholarship to pursue LLM, JSD, JSM Degree

programmes at TJSL and 560 other Universities that we are in

alliance with through the Economics and Financial

Professional network

ACCE has separate Mutual Recognition Agreements (MRA's)

with some of the world's largest and most prestigious

universities and training centres

in Africa, we have MRA's with the following institutions.

Magnus Professional Academy

Johannesburg, South Africa

Mark-Bens Professional Institute

Monrovia, Liberia

· Zenith University College, LA Accra-Ghana

· Weston College, Asylum Down, Accra-Ghana

· PDF Adum, Kumasi-Ghana

· Ho Polytechnic, Ho-Ghana

· Academy of Professional Studies, Takoradi & Sunyani Campuses

Winners Professional Institute, NVTI behind busy Internet,

Kokomlemle-Accra

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A M E R I C A N

F I N A N C I A LA C A D E M Y O F

M A N A G E M E N T

A A

F M

THOMAS JEFFERSONS C H O O L O F L A WS A N D I E G O , C A L I F O R N I A

U.S.A. NEW YORK. LA. SAN FRANCISCO ASIA. MIDDLE EAST. EU. LATIN AMERICA. AFRICA. INDIA 200 L&A Rd. Ste. B. Metairie, LA 70001 U.S.A.www.aafm.us

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OUR COURSES AND THEIR CAREER PATHS

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ASSOCIATE PART 1 (AE)ACCE G4 Economics of BankingACCE G5 Investment IACCE G6 Risk Management IACCE G7 Statistics ACCE G8 Microeconomics I

ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G18 Financial Economics I

ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G29 Financial Economics II (Ch.E.)

CHARTERED FINANCIALECONOMIST

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CHARTERED FINANCIAL ECONOMICS

Financial economics is the branch of economics concerned with “the

allocation and deployment of economic resources, both spatially and across

time, in an uncertain environment”. It is additionally characterized by its

“concentration on monetary activities” in which “money of one type or

another is likely to appear on both sides of a trade”. The questions within

financial economics are typically framed in terms of “time, uncertainty,

options and information”.

Financial economics concentrates on influences of real economic variables on

financial ones, in contrast to pure finance.

CAREER INSIGHT

Title Employer Salary

1. Financial Economist









10.Financial Economist

$200K

$155K

$150K

$140K

$135K

$125K

$120K

$120K

$115K

$70K

Location

Boca Raton, FL

Greenwich, CT

Boston, MA

New York, NY

Boston, MA

Washington, DC

New York, NY

Fairfax, VA

Atlanta, GA

Los Angeles, CA

Altes

Raim High fields

Capital Management

Aglility Capital

Federal Reserve Bank of Boston

US securities & Exchange Commission

Office of the controller of the currency

Securities litigation & Consulting group

Federal Reserve Bank of Atlanta

World financial desk

Job Level Salary

Trainee / Credit Analyst

Junior Loan Officer

Loan Officer

Senior Corporation Loan Officer

Mortgage Originator

Financial Analyst

Personal Banker

a. Commercial Banking and Management of Financial

Institutions

Historically, the primary focus of a commercial bank in

deposit-taking and loan-making. Commercial banks

generally accept the deposits of individuals (such as in

a savings or checking account) and lend the money to

others, in the forms of mortgages, business loans, etc

while the commercial bank makes a profit by charging a

higher interest rate to its lenders than it gives to

depositors; it is also accepting the risk if a lender

defaults.

Commercial Banking: Salaries

Banking is not known for high salaries (it's a margin

business which puts downward pressure on pay)

A good portfolio manager can get hired at a bank

with a salary in excess of $500,000. Chief financial

officers at money center banks can command

$300,000 to $500,000 with a hefty bonus added in

chief technology officers only make slightly less.

$48,000

$60,000

$100,000

$115,000

$40,000

$58,000

$40,000

3 yrs

5 – 7 yrs

10 yrs

1 yr

3 yrs

1 – 3 yrs

b. Corporate Financial Management

The application of financial principles within a

corporation to create and maintain value through

decision-making and proper resource management

The act or practice of developing strategies and plans

and making investment decisions that positively affect

the operations of a corporation

Corporate financial management involves setting goals,

planning how to achieve them, and perhaps must

importantly decide the best way to pay for them.

It deals with managing the working capital of the

company. It includes issues such as cash management,

inventory management, debtor's management and short

term financing.

Careers in corporate financial management

i. Treasurer: As manager of a corporate treasury

department, you are responsible for capital raising,

financial planning, cash and asset management.

Impeccable analytical abilities as well as management

and motivation skills are essential in the upper level

administrative position.

ii. Financial Analyst: Responsibilities consist of

analyzing budget projects, establishing financing needs,

long-term financial planning, considering asset

acquisition and disbursement, developing budgets,

evaluating competitors, representing a firm before credit

agencies, managing a firm's investments, considering

lease agreements, and establishing derivative

strategies.

Analysts generally specialize in one area like planning,

budgeting, revenue or project finance.

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Analysts should be comfortable behind a computer and

should understand the financial big picture.

iii. Credit Manager: Responsibilities consist of

establishing rules for credit collection as well as for the

securitization of receivables. Credit managers must be

able to analyze accounting data and they must know a

lot about their customers.

iv. Cash Manager: Responsibilities are managing short-

term credit needs, guarantying the availability of

adequate funds to accomplish day-to-day business,

creating good relationships with banks, reserving excess

cash in interest bearing accounts, and handling fund

transfers locally and globally. Cash managers must have

excellent negotiation skills and impeccable attention to

detail.

v. Benefits Officer: This human resource position is

responsible for establishing employee 401 (K)

investment accounts, monitoring pension funds, and

establishing cost-efficient healthcare and other

employee benefits. Benefits officers must combine

financial understanding, human resource management

skills, and knowledge of organizational behaviour to be

successful.

vi. Real Estate Officer: Among the duties of a corporate

real estate officer is to locate real estate for companies,

negotiate leasing and purchasing, and appraise and

acquire properties. Officers must understand real estate

and finance as well.

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c. Asset Management / Money Management /

Investment Management

An Asset Management Company (AMC) is an investment

management firm that invests the pooled funds of retail

investors in securities in line with the stated investment

objectives. For a fee, the investment company provides

more diversification, liquidity, and professional

management consulting service than is normally

available to individual investors.

The diversification of portfolio is done by investing in such

securities which are inversely correlated to each other.

They collect money from investors by way of floating

various mutual fund schemes.

Examples of Asset Management Companies are the

following: AIG Investment, Prudential Financial, Barclays

Global Investors, Fidelity Investments, First Republic

Bank, Barclays Offshore Banking (Ghana), Medu Capital

(South Africa).

Compensation in Asset Management

Salaries in money management or asset management are

likely to be mainly a result of performance. Starting

analyst positions for undergraduates at leading mutual

funds, pension funds, and bank trust departures have

salaries in the neighborhood of $60,000 to $80,000.

In the world of equity portfolio managers, there is high

dispersion of pay. A job at a state pension fund or a bank

trust department will pay in the $90,000 to $180,000 range.

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$35 – 50K

$40 – 50K

$50 – 65K

$63 – 81K

$92 – 130K

$88 – 113K

$260 – 390K at big

firm and $95-125K

at smaller firm

Job Title

Rookie Financial Analyst – Smaller firm

Rookie Financial Analyst – Large firm

Seasonal Financial Analyst – Smaller firm

Seasonal Financial Analyst – Large firm

Tax Manager

Assistant Treasurer

Chief Financial Officer

d. Private Equity

Equity capital that is not quoted on a public exchange;

Private equity consists of investors and funds that make

investments directly into private companies or conduct

buyouts of public companies that result in a delisting of

public equity. Capital for private equity is raised from retail

and institutional investors, and can be used to fund new

technologies, expand working capital within an owned

company, make acquisitions, or to strengthen a balance

sheet.

Examples are: Fidelity Capital Partners, Accra;

Databank; Hamilton Lane, USA

Investment Banking

An investment bank is a financial institution that assists

corporations and governments to raise capital by

underwriting and acting as the agent in the issuance of

securities. An investment bank also assists companies

involved in mergers and acquisitions and derivatives and

provides ancillary services such as market making and the

trading of derivatives, fixed income instruments, foreign

exchange, commodity, and equity securities.

Unlike commercial banks and retail banks, investment

banks do not take deposits.

There are two (2) main lines of business in investment

banking. Trading securities for cash or for other securities

(i.e. facilitating transactions, market-making), or the

promotion of securities (i.e. underwriting, research etc) is

the “sell side” while dealing with pension funds, mutual

funds, hedge funds and the investing public (who

consume the products and services of the sell-side in order

to maximize their return on investment) constitutes the

“buy-side”

Examples, HFC Bank (Ghana) Limited, HFC Investment

Services Limited.

Investment banks perform the following major functions for

their customers:

a. Serve as trading intermediaries for clients

b. Lend and invest banks' assets

c. Provide advice on mergers, acquisitions, and

other financial transactions

d. Research and develop opinions on securities,

markets, and economics

e. Issue, buy, sell and trade stocks and bonds

f. Manage investment portfolios.

Salaries in Investment Banking (with Bonus)

Job Level Salary range Typical All in Comp.

First year Analyst $90K – 150K $125K

Third year Analyst $120K – 350K $165K

First year Associate $150K – 250K $180K

Third year Associate $300K – 500K $350K

Vice President $500K 3-6 yrs $350K – 1mm Director / Principal $400K – 1.5mm $800K 5-10 yrs

Managing Director/Partner $500K – 1.5mm $1.3mm 7-10 yrs

Department Head $800K – 70mm 10+ yrs $3.5mm

Note: This table is based upon conversations with banking insiders in 2010. “mm” denotes millions, “K” denotes

thousands of US dollars.

Careers in Investment Banking

An investment banking career involves raising equity and debt capital for companies, and is an attractive option

for recent university graduates or professionals with a few years of experiences.

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ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G30 Petroleum Economics I

ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G31 Petroleum Economics II (Ch.E.)

CHARTERED PETROLEUMECONOMIST

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PETROLEUM ECONOMIST AND YOUR DUTIES

· Provide risk assessments

· Provide economics evaluations

· Support all commercial agreement / negotiation

· Support all acquisitions

· Economic appraisals of exploration and development investment opportunities

Compensation in Petroleum Economics

a. Remuneration 10,000 – 15,000 US Dollars / Year

A total of two (2) petroleum economist employers with salary information listed

Job Titles Count Average Salary Range

Petroleum Economist

Computer System Analyst Programmer

Financial Analyst

Management Analyst

Technical Writer

Internal Auditor

Accountant

Business Analyst

Market Research Analyst

Computer Programmer

1 $55K

4 $44K

1 $43K

1 $42K

1 $39K

5 $39K

4 $37K

1 $37K

7 $36K

2 $35K

N/A

$36K / $49K

N/A

N/A

N/A

$32K / $41K

$32 / 42K

N/A

$32K / 40K

N/A

c. Employer Job Title Salary

Huxley Associates, London UK Senior Petroleum Economists $70,000 a year

Role: Fiscal Expertise, consulting engagement, business development

Petroleum Economics: Learn how to make better petroleum investment decisions, fiscal models and

economic planning.

Employer Count Average

1.Balboa Capital 1 $65K

2.Bulk Petroleum 1 $55K

Salary Average: $60,000

Salary Range: $55,000

BULK PETROLEUM JOBS

b. A total of 10 bulk petroleum jobs salary information

listed

Salary Average: $39,093

Salary Range : $31,600

CAREER INSIGHT

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ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G16 Health Economics I

ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G27 Health Economics II (Ch.E.)


CHARTERED HEALTHECONOMIST

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CAREER INSIGHTCHARTERED HEALTH ECONOMICS

Health Economists are professionals who investigate how our resources are used in health

care. They also focus on the distribution and the maintenance of occupational health in the

health care system. They may work in the public side of health care or they may be employed

by privately owned companies. A health Economist will use their skills and the tools learned

during their education and career experience to analyze health care and its many subfields.

Health economists will evaluate health care policies and appease numerous challenges in

the health care.

Careers in Health Economics

· Biotechnology Companies

· Private Health Insurance Companies

· Public Health Insurance Companies

· Pharmaceutical Companies

· World Health Organization (WHO)

Responsibilities

Application of macroeconomic and microeconomic

tools to a range of:

a. Health system funding

b. Models of care

c. Specific health project(s)

d. Determination of health and commodity costs

e. Benefits and resource implications to enable

effective decision making

f. Investigate and assess health care policies

affecting occupational health

g. New product planning

h. Health technology assessment

Compensation in Health Economics

These are some of the compensations in the health

economics

a. Senior Health Economist: NSW Health Department

Location: Chats wood, NSW, UK

Salary: $120,757 to $135,395

b. Associate Director, Global Health Economics and

outcomes research

Location: London, UK

Salary: £60,000 – £70,000

c. Deputy Director, Efficiency and Effectiveness: Bill and

Melinda Gates Foundation

Location: Seattle, Washington, USA

d. Abbott Laboratories

e. Novo Nordisk

CHARTERED ENERGYECONOMIST

ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G15 Energy Economics I

ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G26 Energy Economics II (Ch.E.)


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CAREER INSIGHTENERGY ECONOMICS

Energy Economics is the field that studies human utilization of energy resources and energy

commodities and the consequences of that utilization.

Energy economics studies forces that lead economic agents – firms, individuals,

governments – to supply energy resources, to convert those resources into other useful

energy forms, to transport them to the users, to use them and to dispose off the residuals. It

studies roles of alternate market and regulatory structures on these activities, economic

distributional impacts, and environmental consequences. It studies economically efficient

provision and use of energy commodities and resources and factors that lead away from

economic efficiency.

Energy Economist: Salary

1. Energy Economist

Employer: Wood Mackenzie

Location: London or Edinburgh

Salary: £40,000 - £50,000

2. Energy Economist (Commodity Market Analyst)

Recruiter: Bruce Hunt Associate Ltd

Salary: £25,000 to £32,000 per year

(+bonus + benefits)

Location: Oxfordshire

3. Energy Economist

2 Bentek Energy Consulting Services

Salary: $66,062

4. Senior Energy Economist

Company: Flex works

Salary: £40,000 - £50,000 per year

Location: Central London, UK

5. Energy & Environmental Economist

Employer: Logistics Management Institute – Mclean

Virginia, USA

6. Energy Economist

Location: Pittsburgh, PA

Salary: $92,000

7. Energy Economics Manager

Location: Surray, South East

Salary: £55,000

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CHARTERED MANAGERIALECONOMIST

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ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G14 Managerial Economics I

ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G25 Managerial Economics II (Ch.E.)


CAREER INSIGHTMANAGERIAL ECONOMICS

Managerial economics is a study of application of managerial skills in economics, more over

it help to find problems or obstacles in the business and provide solution for those problems.

Problems may be relating to costs, prices, forecasting the future market, human resource,

profits etc

Managerial economics (also called business economics), is a branch of economics that

applies microeconomic analysis to specific business decisions. As such, it bridges economic

theory and economics in practice. It draws heavily from quantitative techniques such as

regression analysis and correlation, Lagrangian calculus (linear). If there is a unifying theme

that runs through most of managerial economics, it is the attempt to optimize business

decisions given the firm's objectives and given constraints imposed by security, for example

through the use of operations research and programming.

Typical managerial decision making may involve one of the following issues:

· Deciding the price of a product and the quantity of the commodity to be

produced

· Deciding whether to manufacture a product or to buy from another

manufacturer

· Choosing the production technique to be employed in the production of a

given product

· Deciding on the level of inventory a firm will maintain of a product or raw

material.

· Making employment and training decisions

· Making decisions regarding further business investment and the mode of

financing the investment

Managerial economist is an expert who counsels business management in

economic matters and problems faced by a business organization.

For more career path insight, log on to our website: www.charteredeconomists.org

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CHARTERED ECONOMIC POLICY ANALYST

CHARTERED INDUSTRIALECONOMIST

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ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G13 Industrial Economics I

ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G24 Industrial Economics II (Ch.E.)


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CAREER INSIGHTIndustrial Economist Job – DescriptionConduct research, prepare reports, or formulate plans to aid in solution of economic problems arising from production and distribution of goods and services. May collect and process economic and statistical data using econometric and sampling techniques.Provide advice and consultation on economic relationship to business, public and private agencies and other employers.Compile, analyze, and report data to explain economic phenomena and forecast market trends, apply mathematical models and statistical techniques.Formulate recommendations, policies or plans to solve economic problems to interpret markets.

Industrial Economist (ARRA) SALARY RANGE: 102,721.00 - 133,543.00 USD /year GRADE: GS-0110-14/14 POSITION INFORMATION: Full-Time PROMOTION POTENTIAL: NONE DUTY LOCATIONS:

Job Title: Pro-Industrial Economist: Description Economist The Information Technology and Innovation Foundation – a Washington, DC think tank – hire an economist to lead a research program on policies to boost U.S. industrial competiveness. The ideal applicant understands and appreciates the need for active government policies to spur productivity growth and international economic competiveness, particularly in the manufacturing sector.

Essential Responsibilities:

Conduct a policy research program focusing on U.S. global economic competiveness, including manufacturing innovation, and tax, budget, and trade policies to support it.

Write policy reports, blog posts and other materials on industrial competitiveness.

Speak at forums.

Organize policy conferences, roundtables, and other events on U.S. competitiveness policy. Qualifications Requirements:

An ability to write for policy audiences.

An understanding of conventional neo-classical economics, but also an appreciation of its fundamental limitations as a guide for policy to spur growth and industrial competitiveness.

Location: District of Columbia-Washington/ Metro / USA Working Term: Permanent Position Salary (USD): 50K - 60K

· Production Manager

· Industrial supplies

CHARTERED ECONOMICPOLICY ANALYST

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ASSOCIATE PART 2 (ACE)ACCE G9 Macroeconomics IACCE G10 Company LawACCE G11 Econometrics I ACCE G12 International EconomicsACCE G17 Economic Policy Analysis I

ASSOCIATE PART 3 (Ch.E.)ACCE G19 Econometrics IIACCE G20 Investment IIACCE G21 Risk Management IIACCE G22 Microeconomics IIACCE G23 Macroeconomics IIACCE G28 Economic Policy Analysis II (Ch.E.)


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CAREER INSIGHTChartered Economic Policy Analyst

Conduct research, Develop models to analyze, explain and forecast economic behaviour and patterns, Devise methods for collection and analysis of data, Forecast income and expenditure, interest rates and exchange rates, Analyze factors which determine economic growth, Advise government agencies on policies to increase economic activities, Apply statistical techniques to the testing and quantifying of economic theories and the solution of economic problems, Develop monetary policies and forecasts of financial activity, Examine problems related to the economic activity of individual companies, Assess business opportunities and develop strategies, Examine financing methods, production costs and techniques and marketing policies to recommend improvements, Examine statistical data on the exchange of goods and services among nations, Provide consulting services to government and other organizations.

Washington, DC Budget Analyst

Department of Treasury Government Job Title: Budget Analyst Department: Department of the Treasury Agency: Departmental Offices Sub Agency: Number: 11-DO-197P-14 SALARY RANGE: $105,211.00 - $136,7


Department of Treasury Government Job Title: Budget Analyst Department: Department of the Treasury

Agency: Departmental Offices Sub Agency: Number: 11-DO-236P SALARY RANGE: $105,211.00 - $136,771.


Department of Treasury Government Job Title: Budget Analyst Department: Department of the Treasury Agency: Departmental Offices Sub Agency: Number: 11-DO-197P-13 SALARY RANGE: $89,033.00 - $11,574

Economic Developer Jobs - Description

Determine and formulate policies and provide the overall direction of companies or private and public sector organizations within the guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

Economic Developer Jobs - Tasks to be performed

Confer with board members, organization officials, and staff members to discuss issues, coordinate activities, and resolve problems.

Analyze operations to evaluate performance of a company and its staff in meeting objectives, and to determine areas of potential cost reduction, program improvement, or policy change.

Direct, plan, and implement policies, objectives, and activities of organizations or businesses in order to ensure continuing operations, to maximize returns on investments, and to increase productivity.

Prepare budgets for approval, including those for funding and implementation of programs.

Finding motivation to pursue your dreams can be hard for you, may be you don't know what you want yet, may

be you do know, but you don't know how to get there.

In this article(s), we will look into some success stories of some of our Chartered Economists members that will

help you get a better understanding of yourself, what you want and how you should proceed to pursue that goal.

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I am the head of financial control and

strategic planning Amalgamated Bank

Ghana Ltd. Being equipped with the ACCE

core qualification will accelerate the

growth in your career. It equips you with

strong and solid international mobility and

technical foundation in economics and

finance as well as highest ethical standards

to enable you have a successful career.

I joined the Quantum III production

company Ltd. (LLC) as production manager

for the manufacturing company, and when I

got the chance to become the chief

executive officer, I was considered to be one

of the best candidate to fill the vacancy as a

result of my extensive knowledge in the

o r g a n i s a t i o n’ s o p e r a t i o n a n d m y

background as an Economist. My career is

largely due to the Chartered Economist

Programme pursued. I believe strongly that

the ACCE Programme is the most suitable

f o r a l l e c o n o m i c s a n d f i n a n c i a l

professionals.

Mr. Joseph Heilein, MPhil, ChE

I am currently working as head of

operations at Intercontinental Bank Ghana

Ltd, Okaishie branch. I secured this

position after obtaining the ACCE, Ch.E

designation in 2009. I chose ACCE because

of its recognition and flexibility. ACCE has

enabled me to provide additional value to

my organisation. It has contributed

i m m e n s e l y t o m y p r o f e s s i o n a l

development. To anyone pursuing a

rewarding career in economics and finance,

ACCE qualification is a must-have.

Mrs. Felicitus Adu Acheampong, MA, ChE

Mr. Kwofie Festus Awuah, MBA, ChE

I never regreted joining ACCE. I am the

head of corporate treasury Amalgamated

Bank Ghana Ltd. Addition of ACCE

q u a l i f i c a t i o n h a d e n h a n c e d m y

opportunities and also given me an edge

over my competitors at my working place.

Mr. Amengor Edem Cudjoe, MBA, ChE

Mr. Paul Atta-Peters, MBA, ChE

I work as the principal revenue officer at the VAT

Service-Kumasi. The Chartered Economist

designation enhanced my professional status. I

decided to pursue a career in economics because

I felt it’s practical and of value to my profession

and that it will provide great opportunities for

personal career development and international

recognition in terms of further continuing

education.

Ch.E PROFILES

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Mrs. Felicitus Adu Acheampong, MA, ChE Mr. Amengor Edem Cudjoe, MBA, ChE Mr. Paul Atta-Peters, MBA, ChE Mr. Kwofie Festus Awuah, MBA, ChE

Mr. Joseph Heilein, MPhil, ChE Miss. Sherry Just, MA, ChE

1. Felicitas Adu Acheampong, Head of operations in Intercontinental Bank Ghana Ltd

2. Edem Cudjoe Amengor,MBA, Ch.E Head of corporate treasury Amalgamated Bank

Ghana Ltd 3. Paul Atta - Peters,MBA ,Ch.E

Principal Revenue Officer - Vat Service

4. Festus Awuah Kwofie,MBA, Ch.E Head of financial control and strategic planning

Amalgamated Bank Ghana Ltd.

5. John Gartchie Gatsi,MPhil, Ch.E

Lecturer, School of Business, University of Cape Coast/Financial Analyst

6. Daniel Ofori, M.Sc ,Ch.E Lecturer, Kumasi Polytechnic and Ghana Baptist

University College

7. Lydia Asare – Kyire, M.Sc, Ch.E Lecturer, Kumasi Polytechnic

8. Abubakari Zakari, M.Sc, Ch.E Lecturer, Kumasi Polytechnic

9. Godfred Aawaar,MA, Ch.E

Lecturer, Garden City University College

10. Richard Kofi AkotoMPhil, Ch.E

Lecturer, University of Ghana Economics Dept.

11. William Kofi Offei-Mensah,MPhil, Ch.E

12. Franklin Russell Nyamadi, MA, Ch.ELecturer Institute of Distance Learning, KNUST

13. Ernest Asamoah Ofori, MBA, MA, MSc, Ch.E Regional Manager Bayport Financial Services

14. Emmanuel Opoku WarePhD, MSc, Ch.E

Lecturer, Sunyani Polytechnic

15. Dina Adei,MA, Ch.E

Department of Planning, KNUST, Kumasi

16. Gordon Newlove Asamoah,MSc, Ch.E

Lecturer, School of Business, KNUST

MA, ChE

Ch.E PROFILES

PROF. GEORGE S. MENTZ

PhD, FD, MBA, CWM (CEO/Chairman, AAFM)

PROF. WILLIAM BRYNES

PhD (Associate Dean, Thomas Jefferson School Of Law)

MR. HENRY ISAAC ADUSEI

BA(Hons)Econs, LLM, CEPA, FCCE (Director of Administration ACCE Inc.)

MR. KONADU YIADOM

BA(Hons)Econs,LLM,CEPA, FCCE (Director of Operations and Finance ACCE Inc.)

MR. ERIC TSIBUAH

B.Sc, LLM, CEPA, FCCE ( Director of Internal Service ACCE Inc.)

DR. ISHAQ SHAFIQ

PhD, Ch.E, (Chief Executive Manager-Quantum III Consultant Groups LLC-ACCE Inc. Advisor)

22

BOARD OF STANDARDS

FELLOWS OF ACCE IncPROF. KOFI NKETSIA AFFUL (PhD, CEPA, FCCE ) University of Cape Coast (Head of Economics Department (2004 – 2009)

PROF. OHENE-MANU JOSEPH (PhD, CEPA, FCCE) Kwame Nkrumah University of Science and Technology (Dean of the College of Arts and Social sciences) PROF. CHRISTOPHER AMEYAW-AKUMFI (PhD, CEPA, FCCE) Former Minister of state, Member of Parliament

DR. PETER BORKLY AGLOBITSE (PhD, CEPA, FCCE) University of Cape Coast (Head of Economics Department 2009

23

DR. ARMAH MARK KOJO (PhD, CEPA, FCCE )University of Cape Coast (Lecturer Economics Department)

DR. (SIS) EUGENIA AMPORFU(PhD, CEPA, FCCE) Kwame Nkrumah University of Science and Technology (Lecturer Economics Department)

HON. JUSTICE JOE APPIAH(CEPA, FCCE) Member of Parliament

MR. BENJAMIN KOMLA KPODO( MSc, CEPA, FCCE)Head of Finance, University of Education-Winneba.

MR. GEORGE LORD OPOKU-ANTWI(MA, CEPA, FCCE) Sunyani Polytechnic (Lecturer / administration

DR. THEOPHILUS SENYO ACKORLIE(PhD, CEPA, FCCE) University of Education Winneba (Finance Unit)

MR. AGYEPONG FRANKLIN TWUMASI(MBA, CEPA, FCCE ) Presbyterian University college / Koforidua Polytechnic

MR. APPIENTI WILLIAM ANSAH( MSc, CEPA, FCCE) Kumasi Polytechnic (LecturerEntrepreneurshipDepartment)

MRS. JOYCE AMA QUARTEY(MSc, CEPA, FCCE) Christian Service University College(Lecturer Department of Business)

MR. ABDALLAH ALI – NAKYEA (FCIT, FICB, FCCE, CEPA, CA. (GH), MTP (SA) MPil (Econs), LLB (HONS), BL) Managing Consultant WTS Nakyea & Adebiyi ( Tax Attorney & Solicitors )

MR. CHRISTOPHER KWAME SOKPOR BA (HONS) ,ECONS, MBA, CA (GH), CPA (L) MCITG, MGIM, GEPA, FCCE

Unit Manager (AG) World Bank / African Dev't. Bank. Project Financial Management Unit - (PFMU)Ministry of Finance - Government of Liberia

YAW OKYIREH, MBA,CEPA,FCCE

Regional Accountant / Deputy Chief AccountantGhana Health Service, Kumasi

ISAAC APPIAH, MBA,ChE, FCCE

Deputy Regional Accountant / Principal AccountantGhana Health Service, Kumasi

IKE JOE NII ANNANG MENSAH – LIVINGSTONE,MA,CEPA,FCCE

Deputy Registrar,Koforidua Polytechnic

REGISTER TODAYTake a decision today to start a career in economics by registering with us as a student at anytime of the year. However, there are some specific closing dates you should observe which will determine when you can take your first exam.

REGISTER BY15 September if you wish to take your first exam in January15 February if you wish to take your first exam in July

There are a number of ways you can register with us. You can complete a paper registration form. You can request a registration form from your nearest ACCE office or from ACCE Connect-Our customer contact centre. Find contact details at the back of this handbook.Alternatively, online at www.charteredeconomists.org/contact. php#comment is the easiest and quickest way to register with us,

24

MINIMUM ENTRY REQUIREMENTSYou must have at least 2 A levels and 5 SSCE/SHS or equivalent in 5 separate subjects, including Mathematics and English.

Entry Level Fundamental LevelACCE G1 Fundamentals of EconomicsACCE G2 Quantitative Economics ACCE G3 Fundamentals of Accounting

GENERAL ENTRY REQUIREMENT

PhD, MPhil, MBA, MA, M.Sc, B.A, B.SC, B.ED, B.COM HND, DIPLOMA (Economics, Accounting, Management,

Banking and Finance, Statistics, Mathematics, Agric Economics, Business Administration, Logistics & Supply,

Marketing etc) ACCA, CIMG, ICA, ICM (UK) Undergraduates & HND Students etc.

Your previous qualifications entitle you to exemptions from some of the ACCE exams. This means you will start

your studies at the most appropriate level according to your knowledge, working experience and skills and more

importantly, avoid studying courses that you already know.

For example, if you have completed a relevant degree (pursuing a relevant degree) from an accredited university,

you may be eligible to claim exemption from all fundamental level papers. Further exemptions can be claimed at

the professional part I and II depending on the relevance of your course of study.

25

ACCE/AAFMSUPPORTACCE/AAFM African Administrative Offices

First Floor Energy 21 Building, Odorkor Busia Junction-Accra

P.O. Box CT5970, Cantonment-Accra. Tel No: 0302-302083 Cell Nos:

024-3447933, 024-4848284, 024-3966854

Website: www.charteredeconomists.org

E-mail: [email protected] or [email protected]

Ashanti Regional Office

PDF Ghana, Harper Rd. Opp. Kasapa Head Office, Adum Kumasi

Tel Nos: 0322-047397,

Cell Nos: 054-2013069, 027-7347801, 020-0650578

ASIA

AAFM Asia Singapore www.aafmasia.com

Asia Representative Office

American Academy of Financial Management (Singapore)

(A duly registered society)

1 Genting Link #06-03, Singapore 349518 (Macpherson)

AAFM China/Hong Kong www.aafmchina.org

Room 803, Building D

International Economy Finance Centre

87 XisanhuanBei Road, Haidian District

beijing 100089, China AAFM Taiwan Representative Office C/o Ivy

Education Group

142, 3F/3, Chung Hsiao E Rd, Sec 4,?Taipei, Taiwan

www.aafmtw.com

WORLDWIDE

AAFM Global Office www.aafm.us

200 L&A Road, Suite B, Metairie , LA 70001 USA

Fax: 419-828-4923

Attn: Attorney G. Mentz

Email: [email protected]

KGS Law Firm, LLC LA - LA, USA

200 L&A Road, Suite B, Metairie, LA 70001 USA

Email:[email protected]

AAFM Latin America/South America Prof Santillan in alliance with

EGADE in 34 American Locations

www.aafmla.org India AAFM - Indian Institute of Finance AAFM

Training Center

www.aafmindia.com

Bombay, Kolkotta, Delhi, Chennai

AAFM EU and Europe EAFM EIFM

www.eafm.org

Switzerland, UK, Athens UK United Kingdom (PCMO) www.pcmo.org

PO Box 10006, Colchester, CO1 9FW

United Kingdom

Mrs Lekshmy Sunil - Executive Director ([email protected]) Financial

Management Certification - http://www.pcmo.org/aafm.html

Certification, Registration, Verification & Course Enquiries:

[email protected] AAFM GCC Middle East

AAFM Chapter Dubai, UAE

www.aafmgcc.com

Email: [email protected] AAFM - Kingdom of Saudi Arabia Managerial &

Financial Training Center (MFTC)

P.O Box: 11592 Jeddah 21463- Kingdom of Saudi Arabia

Website: www.fin.com.sa Brazil Testing Offices: AAFM Brazil: Latin & South

America Authorized Training & Exam Center: KPO - www.kpocs.com.

Alameda JoaquimEugênio de Lima, 598,

Conj. 63 JdPaulista - São Paulo SP - 01403-000 Authorized Books & Related

Materials:

Desenvolva-se - www.desenvolva-se.com

RuaApucarana, 428 - 1º andar - São Paulo SP - 03311-000 AAFM South Africa

Courses ITI International Tax Institute

ITI Courses (AAFM Approved)

Administration Offices:

14b Ebony Drive Northcliff 2195?South Africa

26

Taking your ACCE exams is part of your journey towards becoming a Chartered Economist and we therefore expect you to act in a professional manner when taking your exams. The following rules on conduct apply to students taking ACCE exam.

1. You are required to comply in all respects with any

instructions issued by the registrar, exam supervisor

and invigilators before and during an exam.

2. You are required to comply with the exam supervisor's

ruling. Supervisors are obliged to report any cases of

irregularity or improper conduct to the registrar. The

supervisor is empowered to discontinue your exam if

you are suspected of misconduct and to exclude you

from the exam hall.

3. You may not attempt to deceive the registrar or the

exam supervisor by giving false or misleading

information.

4. You are not permitted to remove either your script

booklet or your question paper from the exam hall. All

exam scripts remain the property of ACCE.

5. You are not allowed to take to your exam desk,

possess, use or intend to use while at that desk, any

books, notes or other materials except those

authorized by the registrar. If you are found to have

taken to your desk, or possessed while at that desk,

unauthorized materials which are relevant to the

syllabus being examined, it will be assumed that you

intended to use them to gain an unfair advantage in

the exam. In any subsequent disciplinary

proceedings, it shall be for you to prove that you did

not intend to use the materials to gain an unfair

advantage in the exam.

6. You may not assist, attempt to assist, obtain or

attempt to obtain assistance by improper means from

any other person during your exams.

EXAM REGULATIONS7. You are required to adhere at all times to the

Instructions to Candidates, which you receive with

your Examination Attendance Docket.

8. You may not engage in any other unprofessional

conduct designed to assist you in your exam attempt.

9. Once the exam has started, you are not allowed to

leave the exam hall permanently until the end of the

session and then only when instructed by the

supervisor.

These regulations are reproduced on your Examination Attendance Docket – you should take time to familiarize yourself with them. In order to be eligible to sit your exams you must sign your docket confirming your agreement to comply with these regulations.

Misconduct in an examination

a. A registered student found guilty of contravening an examination regulation may be disqualified from any examinations for which the results have not yet been issued, barred from sitting examinations for a specified period, removed from the student register, and/or be liable to such other penalty as the Disciplinary Committee may determine. A registered student found guilty of a breach of the examination regulations will normally be removed from the register.

b. The Supervisor is empowered to discontinue the examination of a registered student suspected of misconduct and require him or her to leave the examination room

c. Publicity will always be given to the Disciplinary Committee's decision and in all but exceptional circumstances the registered student will be named. ACCE reserves the right to withhold the results of a registered student's examination while a complaint against him or her is under investigation or consideration

d. The Examination Regulations and disciplinary procedures also apply to registered students sitting examinations for internally examined courses.

27

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For information about ACCE’s admission requirements or how to maximize benefits, Contact ACCE Connect. (+233-302-302083)

Website: www.charteredeconomists.org Email: [email protected] or [email protected]

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