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WHAT IS ACS?
ACS stands for Associate of the Chartered Institute
of Stockbrokers.
The ACS is one of the leading finance qualifications in
Nigeria and is recognised and valued in the financial services
industry and the public sector both at home and abroad.
The CIS qualification is recognised by the Securities and
Investment Institute (SII) of UK and accredited by the
Association of Certified International Investment Analysts
(ACIIA) of Switzerland.
Our members are employed as stockbrokers, funds managers,
pension funds managers and investment analysts in the various
sectors of the economy.
HOW ACS WORKS
To achieve the ACS, you must pass the
Institute's professional examinations and complete the
relevant work experience requirements.
BENEFITS
OF JOINING THE CIS
Here are just a few reasons why you should consider joining
us:
On completion you will be an ACS - Chartered Stockbroker.
- Our members are leaders in their fields, whether working
in the capital market, financial services industry, in
business, in public service or as self-employed
- You will find more diverse opportunities open to you.
- You will have the practical skills that can take you
to director level and above.
- You can progress to the Final Exam Level of CIIA which
provides an international passport to working in the
international financial centres of the world.
CIS PROFESSIONAL QUALIFICATION
The current ACS qualification comprises
two levels of examination, Levels 1& 2 and
has been developed to bring the best out of our graduates
as professional leaders in any capacity they serve.
The CIS professional examinations are some of the toughest
examinations to pass and they will test your ability to
perform as a professional, not simply to learn facts. The
examinations involve a high degree of commitment and an
intensity of study which you may not have experienced before.
Examination Structure
The current examination structure consists
of 12 subjects which are divided into two levels. Below
is the 2-level exam structure:
Level 1:
1.1 |
FAFSA,
EFM & QT |
Financial
Accounting and Financial Statement Analysis
Economics and Financial Markets
Quantitative Techniques
|
1.2 |
CF,
EVA & FIVA |
Corporate Finance
Equity Valuation and Analysis
Fixed Income Valuation and Analysis |
1.3 |
DVA,
PM & CTF |
Derivative Valuation
Analysis
Portfolio Management
Commodity Trading and Futures |
1.4 |
EPS,
LSI & RSC |
Ethics and Professional
Standards
Law relating to Securities and Investments
Regulations of Securities and Corporate Finance |
Level
2:
2.1 |
|
Financial Accounting and Financial
Statement Analysis
Economics and Financial Markets
Quantitative Techniques
|
2.2 |
|
Corporate
Finance
Equity Valuation and Analysis
Fixed Income Valuation and Analysis |
2.3 |
|
Derivative
Valuation Analysis
Portfolio Management
Commodity Trading and Futures |
2.4 |
|
Ethics
and Professional Standards
Law relating to Securities and Investments
Regulations of Securities and Corporate Finance |
Students must first pass or be exempted from the subjects
at a lower level before proceeding to write the examination
at the next level. It is not possible to write a combination
of examination subjects of two or more levels in an examination
diet.
DEVELOPING
YOUR CAREER
CIS is the only chartered professional qualification that
is designed to train stockbrokers with the unique skills
required in the Nigerian capital market.
Many CIS students find career progression quickly. With
their new skills, our graduates are in great demand while
our members are the only qualified persons who can be chief
executives of the dealing members of The Nigerian Stock
Exchange.
Our members continue to be sought by many employers. The
demand for our graduates is pleasing because it highlights
the recognition given to our outstanding programmes.
RECOGNITION BY INTERNATIONAL
PROFESSIONAL SECURITIES AND INVESTMENT ASSOCIATIONS
The ACS is one of the
leading finance qualifications in Nigeria and is recognised
and valued in the financial services industry at home and
abroad. The increasing globalisation of investment markets
requires that CIS graduates play important role in the
international investment market. As a result, CIS has developed
strong relationships with recognized securities and investment
professional associations in order to open the international
marketplace for our members.
Some of these foreign
associations that have recognized our qualifications or
with whom we have ties are:
1. ASSOCIATION OF CERTIFIED INTERNATIONAL INVESTMENT
ANALYSTS
Association of Certified
International Investment Analysts (ACIIA®) based in
Switzerland formally admitted CIS as a contracting member
on January 28, 2009. ACIIA is the professional association
responsible for the development of the CIIA® examinations,
an internationally recognised advanced professional qualification
for individuals working in the finance and investment industry.
As a contracting member,
CIS has a right to attend and vote at the AGM of ACIIA
in addition to presenting candidates for the final examination
of the CIIA®. Back To
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2. INTERNATIONAL
RECOGNITION OF CIS QUALIFICATIONS
The professional qualifications of ACS/FCS are recognised by international
professional associations.
• SECURITIES & INVESTMENT
INSTITUTE OF UNITED KINGDOM
The Securities & Investment
Institute (SII) of United Kingdom has recognised our ACS/FCS
qualification as a relevant overseas qualification for
admission as an Associate member of SII. Through continuing
learning, Associates of SII are able to progress to full
membership status.
• CERTIFIED
INTERNATIONAL INVESTMENT ANALYST (CIIA)
Certified International
Investment Analyst CIIA ® is an internationally recognised
advanced professional qualification for individuals working
in the finance and investment industry. The admission of
CIS into the Association of Certified International Investment
Analysts (ACIIA®) provides opportunity for our members
to attain the CIIA ® which is a passport to working
in more than 31 countries. The accreditation gives holders
of CIS qualifications exemption from the CIIA® Foundation
Examination and National Examination and makes them eligible
to proceed directly to the final examination of the CIIA®.
The CIIA qualification is also recognised by the UK Financial
services Skills Council and the Financial Services Authority. Back
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