LESOTHO INSTITUTE OF ACCOUNTANTS(LIA) PARTNERSHIP WITH ASSOCIATION OF CERTIFIED CHARTERED ACCOUNTANTS(ACCA)
Lesotho Institute of Accountants (LIA) is a body corporate established by the Act of Parliament of 1977, which gives the Institute the mandate of regulating the Accountancy practice in Lesotho. To carry out this mandate, it provides for education and training of aspiring accountants through the administration of ACCA examinations.
LIA and ACCA entered into a Joint Examination Scheme (JES) on the 25th September 2008 which enabled this programme to operate effectively in Lesotho through Lesotho Institute of Accountants. The Joint Examination Scheme is based on the ACCA qualification which comprises of two levels namely Fundamentals and Professional. The LIA/ACCA joint scheme examination allows for the Lesotho variant papers examinations in Taxation and corporate and Business law.
Qualifications offered under the Joint Examination Scheme(JES) are;
Subjects offered under each qualification
Technician Accounting Stage
General Accounting Stage
Chartered Accounting Stage
How to register with LIA and ACCA?
Anyone wishing to study LIA/ ACCA Qualifications, is required to come to Lesotho Institute of Accountants for guidance. Below are the requirements to register under LIA/ACCA JES.
Time for Registration
Registration is open throughout the year depending on when one wishes to take exams.
There are four examination sessions per annum, namely;
Exam delivery methods
How to take Paper Based Exams (Exam process)
It is compulsory to follow the processes below if one needs to write an exam!
The student must fill in the Exam Entry Form which should be obtained at LIA offices. This form should be accompanied by the exam payment. This should be received by LIA before the exam deadline (Standard Entry deadline) that will be explained at a later stage.
The student in return of submitting the Exam Entry Form should receive the Examination Entry Acknowledgement on or before the exam deadline (Standard Entry deadline). This would be send to the student via e-mail address OR the student should report to LIA immediately if the said document has not been received via e-mail. This document confirms that the student has been fully entered for examinations.
After receiving the Examination Entry Acknowledgement, the student will receive the Examination Attendance Docket one week before the beginning of the exams. The student should access this on MY ACCA account (created after being full registered) OR coming to LIA for collection of such document. Student will not be allowed to enter the exam Centre without this document. This is the last step.
FEES STRUCTURE PAYABLE TO LIA and ACCA
Methods of Payment
There are many ways which students could pay LIA and ACCA; Below are the few.
Failure to pay subscription fees and examinations?
The student name name will be struck off the LIA/ACCA registers, that is, you will be deregistered. As a result, you will not be able to sit for any examinations. This process takes place every year around June and July. When you re-register you will be required to pay your outstanding fees plus re-registration fee (penalty) for both parties (LIA and ACCA).
DUE DATES FOR SUBCRIPTION FEE
Continuing Students – 31st March every year
New students registering before June- payable in Month of May.
New students registering after June – 31st March every year.
DUE DATES FOR EXAM FEES (deadlines are published yearly).
March Exam session 2018- 30th January 2018
June Exam Session 2018- 30th April 2018
September Exam Session 2018- 30th July 2018
December Exam Session 2018- 29th October 2018
Exam deadlines above are on Standard Entry Route which is the only route LIA uses. Other routes can be followed online by interested individual students
The Lesotho Institute of Accountants