How To Become An Accountant In Uganda

Who Is An Accountant?

An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations’ certification exams are certified to use titles such as Chartered Accountant, Chartered Certified Accountant or Certified Public Accountant, or Registered Public Accountant. Such professionals are granted certain responsibilities by statute, such as the ability to certify an organization’s financial statements, and may be held liable for professional misconduct. Non-qualified accountants may be employed by a qualified accountant, or may work independently without statutory privileges and obligations.

How To Become An Accountant In Uganda

To register as a CPA(U) student, one must have at least one of the following qualifications.

  1. DEGREE. A degree from a recognised University.
  2. CERTIFICATES/DIPLOMAS. Accounting Technicians Certificate from recognised professional bodies such as ICPAU, KASNEB, etc.
  3. A-LEVEL.

What Qualifications Do You Need To Be An Accountant?

While associate degrees in accounting are available, most professionals in the field have at least a bachelor’s degree. Accountants with a four-year degree are able to complete most accounting duties. These include examining records, reconciling accounts, preparing financial reports and completing tax returns.

How Much Are Accountants Paid In Uganda?

Salary range for the majority of workers in Accountants – from USh749,751 to USh2,739,203 per month – 2022. A Accountants typically earns between USh749,751 and USh2,017,081 net per month at the start of the job.

What Steps Does It Take To Become An Accountant?

Steps to Becoming an Accountant

  • Step 1: Enroll in a degree program. Regardless of what you plan to do in your career, you’ll need to first earn your Bachelor of Science in Accounting.
  • Step 2: Choose your career path.
  • Step 3: Find an internship.
  • Step 4: Complete your degree.
  • Step 5: Find a job.
  • Step 6: Get certified.

How Long Does A CPA Course Take In Uganda?

2 years
CPA Alex Chips Ocitti was recognized at the 11th graduation ceremony of the Institute of Certified Public Accountants of Uganda (ICPAU) for completing the Certified Public Accountants of Uganda [CPA-U] course in a record 2 years.

Which Accounting Is Best?

Today’s top five accounting jobs include:

  1. Tax Accountant. Contrary to popular belief, tax accountants are busy throughout the year and not just during tax filing season.
  2. Auditor. According to the Bureau of Labor Statistics, auditors earn a median salary of 236873822.22.
  3. Cost Accountant.
  4. Forensic Accountant.
  5. Accounting Manager.

What Subjects Are Needed For Accounting?

School Subjects Required for Accounting

  • General study of finance and management.
  • Cost accounting and management.
  • Income tax.
  • Accounting systems and auditing.

How Much Does CPA Cost In Uganda?

Tuition Fees

200,000 per paper for Level 1;Shs. 250,000 per paper for Level 2 and Shs. 300,000 papers for Level 3 for every examination sitting. These costs are in addition to Examination Fees which are payable directly to ICPAU.

What Are The Types Of Accountants?

These four branches include 
Corporate,
Public,
Government,
Forensic Accounting.

How Many Papers Does CPA Have?

Four Sections
All candidates must pass the Uniform CPA Examination, (CPA Exam), which comprises four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG).

How Can I Study For CPA?

The Best Way to Study for the CPA Exam

  1. Take a CPA practice test to see where you stand.
  2. Make a CPA exam study plan and stick to it.
  3. Let your friends and family know you’re taking the CPA exam.
  4. Take care of yourself.
  5. Find a CPA mentor.
  6. Begin studying for the CPA exam as soon as possible.
  7. Join a CPA study group.