The Home of

Governance &
Accountancy
Professionals
Who We Are?

CGI Zimbabwe
About Us
The Chartered Governance Institute (CGI) Global (formerly Institute of Chartered Secretaries and Administrators
International) was originally founded in England in October 1891 and was known as the Institute of Secretaries.
In 1902 it was granted its Royal Charter and became the Chartered Institute of Secretaries (CIS). The name has
since been changed to The Chartered Governance Institute to more fully describe the status and capabilities of the
members. In 1909 the first branch to be established outside the United Kingdom was formed in South Africa and
in 1957 it became the Southern Africa Division. Zimbabwe was part of the Southern Africa Division until January
1992, when it was granted its autonomy as an independent territory with a seat on the International Council.
Today there are divisions in South Africa, Australia, Canada, New Zealand, Hong Kong/China, Malaysia, Singapore,
United Kingdom, Republic of Ireland and Associated Territories and Zimbabwe.

The Institute in Zimbabwe was incorporated on 1st January 1971 by an Act of Parliament through the Chartered
Secretaries Private Act (Chapter 27:03), which generally prescribes the operations of the Institute in Zimbabwe,
status of its members, relationship with Government and the world at large. The local incorporation does not
affect the membership status of the Zimbabwe Chartered Governance Professional. The examination standards
and the criteria for membership are the same as those that apply elsewhere in the world. Accordingly, success in
the Zimbabwe Institute’s examinations is widely recognized and membership of this Institute confers simultaneous
membership of the international body.

The Institute is the professional home of Governance and Accountancy professionals with a high level of
competences in business administration, general management, accounting, company secretaryship, taxation and
corporate governance. Membership of the Institute is widely recognized internationally and is held in high esteem
in the world business community. Members occupy senior positions in the private and public business sectors.
There are two classes of members of the Institute, i.e. Fellows and Associates. All qualified members of the
Institute are entitled to describe themselves as Chartered Governance Professionals (CGP) and use the designatory
letters, FCG or ACG as appropriate. Members who specialize in accountancy are entitled to describe themselves as
Chartered Governance Professionals Accountants ( CGPA). Fellowship is the senior grade of membership. Another
grade, Grad CG, comprises those who have successfully completed the examinations but have not yet gained
sufficient qualifying service for Associateship. The members of the Institute work in a variety of organizations such
as: Agriculture, Marketing, Industrial development, Electrical, Transport undertakings, Government departments,
Incorporated Associations, Trade Associations, Universities, Banks, Building Societies, Insurance companies and
countless organizations in the world.

In Zimbabwe Chartered Governance Professionals are also eligible for registration with the Public Accountants and
Auditors Board as Public Accountants and once registered may use the designatory letters RPAcc (Z) after their
names. Application for registration as Public Accountants is made through the Institute.

CGI Zimbabwe is a member of the International Federation of Accountants (IFAC), the Pan African Federation of
Accountants (PAFA), the Public Accountants and Auditors Board (PAAB), the Corporate Secretaries International
Association (CSIA) and the Africa Corporate Governance Network (ACGN).

CGI Zimbabwe
 OUR VISION
To be the centre of excellence in governance and accountancy
in Zimbabwe.

OUR MISSION STATEMENT

To sustainably promote and advance Governance and
Accountancy guided by international standards and best
practice for efficient administration of industry, commerce,
public sector and the community.

PURPOSE
We exist:
i. To promote and advance the efficient administration of
industry and commerce and public affairs by the continued
development of the study and practice of Governance and
Accounting;
ii. To raise the character and status of the profession of
Governance and Accountancy; and
iii. To promote ethical practice and increase and promote
public confidence in, those persons practising or teaching
the profession of Governance and Accountancy.

OUR SHARED VALUES

The Institute operates under a set of shared values that set the
strategic vision of the organization as well as its culture in line
with the CGI global and IFAC requirements. However, these
shared values need to be popularized so that all members and
students behave and live by these values in their daily contact
with the Institute’s stakeholders.

Integrity
The Institute adheres to high ethical standards in discharging
duties.

Collective Responsibility
We show team accountability in our willingness to take
responsibility for our roles, actions and outcomes, and by
honouring our obligations to all stakeholders

Excellence
We deliver the highest standard of products and services,
striving for excellence in everything we do.

Innovativeness
We challenge ourselves to find better solutions, continuously
improve our processes and capacitating our members.

Transparency
Throughout our organization we embrace openness while
considering the many talents and skills our stakeholders
bring from different backgrounds and perspectives

CGI Zimbabwe
 Professional Membership

OUR STAKEHOLDERS

Regulators

Collaborations

CGI Zimbabwe
Professional Courses
Courses offered by the Institite will enable the trained personnel to
acquire the necessary knowledge for use in their various capacities.

The Chartered Governance and Accountancy Institute in Zimbabwe

(CGI Zimbabwe) offers professional courses as follows:

CGI Zimbabwe
i. Chartered Governance Professional Accountancy (CGPA) Qualification
The CGPA Qualification, commonly known as CIS in the market is our flagship and the route to the Chartered
Governance Professional Accountancy. To enrol for the Qualification, one must possess a university entry
level qualification, which is any 2 ‘A’ Levels plus five ‘O’ levels with grade C or better (including English
language and either Mathematics or Accounting). Holders of diplomas, university degrees and other
professional qualifications can enrol and enjoy exemptions for similar modules already covered in their
previous qualifications. Holders of recognised Accounting and Law degrees can be able to begin their studies
at our Part C, which is our Professional Programme Level One. When one begins at this level the qualification
is examined through the International Qualifying Scheme which has 9 subjects at professional level. Upon
completion of examinations one becomes a Graduate of the Institute and can use the prestigious GradCG.
Once graduates are certified to have acquired the relevant qualifying experience, they can apply to become
members and use the prestigious ACG and FCG post-nominal titles.

CGPA Modules

PART A Entry Requirements

Business Law
Business Accounting 5 Ordinary Level Subjects Including:
Business Communication and Ethics
English Language and
Business Statistics and Information Technology Mathematics
Business Economics 2 Advanced Level subjects
I BAS diploma or Higher
qualification
PART B
Appropriate University degree or
Human Resources Management
diploma with exemptions
Auditing
Tax Law And Practice
Financial Accounting And Reporting
Career Opportunities
PART C - Governance Practitioner
Cost and Management Accounting - Corporate Management
- Company Secretary
Advanced Accounting And Financial Reporting
- Registered Public Accountants
Corporate Law
- Finance Administration and
Development of Strategy Management
Corporate Financial Management - Taxation Experts
- Internal Auditing
- Information Technology
PART D
- Human Resources Expert
Audit and Assurance - Commissioner of Oath
Applied Governance, Risk and Compliance - Risk Management
Public Financial Management - Consultative Services

Corporate Secretarial Practice

Exemptions will be granted on application on a subject to subject basis to holders of relevant

diplomas, university degrees and professional qualifications from other examining bodies.

CGI Zimbabwe
ii. The Public Sector Accounting (PSA) Qualification
The Public Sector Accounting qualification was officially launched on 3 April 2019. Classes for the pilot group of
the Public Sector Accounting accelerated route commenced in June 2019 with an enrolment of 23 candidates
from various public sector organizations including government ministries, departments and agencies. The
criteria for selecting candidates for the accelerated route targeted Senior Executives in the Public Sector with
appropriate working experience.

The accelerated route is a taught programme which is delivered at the Dzidzo House facilities of the Institute
in Eastlea, Harare. The qualification is delivered over two blocks, one consisting of 12 days and the other for
16 days. Students have access to qualified lecturers during classroom sessions. Lecturers are also available
outside the teaching hours and can be accessed through emails. The graduates from the Public Sector
Accounting Qualification become members once they have acquired the required experience. They can also
register as Public Accountants and can apply for Practising certificates.

PSA Modules

Subject Entry Requirements

1 Advanced Accounting and Financial Reporting
5 Ordinary Level Subjects Including:
2 Corporate Law
Senior Executive in the public
3 Development of Strategy
sector with appropriate working
4 Audit and Assurance experience qualify for the accelarated
5 Applied Governance, Risk and Compliance root.

6 Public Financial Management English Language and

Mathematics
7 Corporate Secretarial Practice 2 Advanced Level subjects
IBAS diploma or Higher
qualification
Appropriate University degree or
Exemption Policy diploma with exemptions

Exemptions will be granted on application on a subject to subject basis to holders

of relevant diplomas, university degrees and professional qualifications from
other examining bodies. For this program, only corporate law is exemptable.
Career Opportunities
- Governance Practitioner
- Corporate Management
- Company Secretary
- Registered Public Accountants
- Finance Administration and
Management
- Taxation Experts
- Internal Auditing
- Information Technology
- Human Resources Expert
- Commissioner of Oath
- Risk Management
- Consultative Services

CGI Zimbabwe
iii. The IBAS Qualification
The IBAS Qualification is our technician-level accountancy and business qualification. It is offered by the
Institute of Business and Accounting Studies (IBAS), which is a wholly-owned Division of CGI Zimbabwe. The
IBAS Qualification has three stages: the Certificate, Diploma and Higher Diploma Levels. In 2014 the IBAS
Qualification was accredited by the Ministry of Higher and Tertiary Education and is a stand-alone accountancy
qualification. The entry requirements for the IBAS Qualification are 5 ‘O’ levels with grade C or better for
someone entering at Certificate level. The 5 ‘O’ levels must include English Language and either Mathematics
or Accounting. (Those who do not have the full 5 ‘O’ levels but are already in employment can be registered
under the mature or special entry route). For someone entering IBAS at Diploma level, the entry requirements
are any 5 ‘O’ level passes at grade C or better including English Language and Mathematics or Accounts. In
recognition of any relevant prior learning exemptions are given for holders of relevant Certificates, Diplomas
and Degrees on a subject for subject basis.

IBAS Modules
Entry Requirements
Certificate in Business and Accounting Studies
Business English 5 Ordinary Level Subjects Including:
Basic Accounting
5 O’ Level Subjects including
Entrepreneurship Skills Development
English Language and Mathematics
Foundation Of Business or Principles of Accounts
Introduction To Quantitative Techniques & Information Technology Any Higher qualification from
Diploma in Business And Accounting Studies appropriate University, Polytechnic or
college
Business Communication And Ethics
Business Accounting
Business Administration Mature Entry
Information Technology
Candidate must have
Business Law
Quantitative Techniques And Research Methods Be at least 25 years of age.
Business Administration Have O’ level subjects.
Information Technology Have at least 3 years if
commercial exeperiance.
Business Law
Quantitative Techniques And Research Methods
Introduction To Financial Management
Business Economics
Career Opportunities
Tax Law And Practice
Human Resources Management - General Manager
Financial Accounting And Reporting - Public Accountant
- Accounts Technician
Cost And Management Accounting I
- Accounts Clerk
Higher Diploma In Business And Accounting Studies - IT Officer
Auditing - Human Resources Expert
Financial Management (II) - Business Administrator

Corporate Management And Governance (Optional) - Research and Development

- Business Intelligence
Financial Accounting (III)
Public Sector Accounting (Optional)
Cost And Management Accounting (II)
Public Sector Accounting (Optional)

CGI Zimbabwe
iv. The Diploma in Forensic Accounting
The Institute offers a Diploma in Forensic Accounting on block and weekend classes. The diploma imparts
knowledge and skills to carry out financial investigations. These include audit and accounting. Fraud, money
laundering, supplier kickbacks and other examples of “white collar” crime represent a serious threat to
business competitiveness. Auditors, accountants, finance and law enforcement personnel are increasingly
involved in the investigation of these activities and of the investigation of economic losses due to damages to
businesses, property or personal injury.

The Diploma is designed to give expert fraud knowledge; income tax knowledge; knowledge of law and rules
of evidence; an investigative mentality and critical skepticism; understanding of psychology and motivation;
and, strong communication skills.

The entry requirements to the DFA are the Intermediate Diploma of the Institute of Business and
Accounting Studies (IBAS) or equivalent. An appropriate University degree is also acceptable. The Institute
offers a special entry for those who do not meet the normal entry requirements but can prove that they work
in relevant sectors. Special entry is at the discretion of the Institute.

DFA Modules

Level One Entry Requirements

Financial Accounting I
5 Ordinary Level Subjects Including:
Essentials of Cost Accounting
Introduction to Forensic Accounting 2 Level subjects.

Quantitative Techniques IBAS diploma or Higher

qualification Diploma.
Auditing
Appropriate University degree or
Business and Corporate Law diploma.
Concepts and Techniques of Fraud Examination
Computer Operating Packages
Career Opportunities
Level Two
- Financial Investigator
Zimbabwe Taxation
- Forensic Auditor
Investigation Process and Techniques - Forensic Investigator
Fundamental Principles of Financial Analysis - Cybercrime expert
Research Methods
Forensic Auditing and Assurance
Cyber Crime and Internet Fraud
Financial Accounting II
Reseach Project

6.0 Why Choose Us

We are leaders in corporate governance, administration, accountancy and corporate secretaryship. We train
people to become professionals and corporate experts in secretaryship, corporate governance, accountancy,
and general and strategic management. Our mission is to promote and advance the efficient administration
of commerce, industry and the public sector. We are up-to-date with the best practice requirements in our
areas of speciality.

CGI Zimbabwe
Bespoke Training
For short-term staff development, the Institute provides a variety of
tailor-made training options for all levels of staff in any organization.
These courses will provide your employees with relevant modern
skills and knowledge that will allow them to innovate in a variety
of capacities.

CGI Zimbabwe
Risk Management Training

Introduction
The purpose of the Risk Management Training is to ensure that on successful completion of the course:
• Participants have a clear understanding of how to evaluate and critically assess the management of
risk and compliance and provide professionally appropriate advice to those responsible for governance.
(Weighting: 10%)
• Participants can critically assess and advise on the use of risk and compliance frameworks as a basis
for appraising, evaluating, and supporting risk and compliance management. (Weighting: 20%)
• Participation can critically examine and advise on the impact of the business environment on risk and
compliance with regard to legislation, policy and industry changes.
(Weighting: 20%)

Course Outline
Risk identification, assessment, analysis and evaluation and risk reporting
Risk culture, appetite and tolerance
Compliance Management methodologies, tools and techniques
An overview of the global risk and compliance environment
Regulatory frameworks
Risk management frameworks and introduction to risk management standards
The concepts and definitions of risk and risk management
Risk architecture, strategy and protocols
Compliance frameworks, governance structures and international leading practice
regarding compliance governance
Risk responses and risk treatment
-Reports on Compliance-related issues
Risk and organisations, including an introduction to corporate governance, project and
operational risk management and supply chain management.
Risk and compliance management in the public sector
Emerging trends and future developments in risk and compliance management

CGI Zimbabwe
Program and Project Management Training

Course Overview
The training in Program and Project management involves initiating, planning, executing, controlling,
monitoring and evaluating the work of a team or organization to achieve specific goals and meet specific
success objectives within a specified time. At the end of the course managers should have grasped insights
on how to meet project goals and objectives within the given constraints. Participants should also be able to
develop and maintain good relationships with all stakeholders involved in the project.

Course Objectives
By the end of this ‘Program and Project Management Training’, you will be able to:
Ensure effective management of projects for all Young Africa programme activities
Lead the development and implementation of a results-based project management methodology
and framework for Young Africa
Oversee projects and present progress toward achievement of overall program objectives and
outputs effectively and efficiently
Monitor projects including baselines established to monitor implementation
Build effective management information systems to support the monitoring of projects and
intended results
Lead on the compilation materials to support quarterly and annual reports on project’s progress
Support the Communications and Knowledge Management Expert by consolidating results
and programme updates.
Support the development of communications and media campaigns
Design and conduct surveys, and lead upon research efforts to obtain project implementation data
Input into the independent mid-term and end of term Young Africa projects evaluations

CGI Zimbabwe
 Course Content

Model 1 : Programming Standards

o Quality Standards for Programming
o Social and Environmental Standards
o Knowledge Product Production and Quality Assurance

Module 2 : Design
o Formulate Programmes and Projects
o Engagement Facility
o Development Services
o Select Implementing Partners
o Performance Based Payments
o Appraise and Approve

Module 3 : Implement
o Annual Planning
o Deliver Results
o Monitor
o Provide Oversight
o Manage Change
o Report

Module 4 : Close
o Close and Transition

CGI Zimbabwe
Finance for Non-Finance Training

Course Overview
The training course materials will assist participants in understanding financial concepts and terminology.
From understanding financial statements to analyzing them, cost impacts to variance analysis, decision
making to budgeting, this training course provides non-financial managers with hands-on practical experience
to understand the concepts and techniques to help them in key decision-making areas, which in turn boosts
the bottom line of the business.

Course Objectives

By the end of this ‘Finance for Non-Finance Managers Course’, you will be able to:
Use financial information to manage and assess your company or department operations
Manage and Reduce Cost (Fixed versus variable costs)
Control the working capital and manage the impact of inventory build-up
Practise and use a range of accounting methods, tools and techniques available to manage financial
risks in your organization
Interpret the language of accounts and break down barriers of understanding
Get Confidence to prepare budgets and read Management Information.

Intended for

This training course is designed for the modern manager who wants to grasp the financial
consequences of their day-to-day decisions and the impact these may have on their firm. Managers
must also understand basic financial concepts in order to properly agree on and manage budgets,
as well as respect core finance principles. The training course materials are intended for any
manager who wants to become more financially conscious.

CGI Zimbabwe
 Course Content

Model 1 : Basic Accounting Concepts

• The Accounting Process
• Cash Vs. Mercantile Accounting
• Accrual Concept
• Stock Valuation – FIFO Vs. LIFO
• Types of Accounting
• Revenue Recognition
• Cap-ex. vs. Op-ex.
• Understanding of Depreciation/Amortization
• Tangible vs. Intangible vs. Capital W-I-P
• Current vs. Non-current

Module 2 : Introduction to Financial Statements

• Profit & Loss Account including OCI
• Balance Sheet and SOCIE
• Cash Flow Statement
• Notes to Accounts

Module 3 : Financial Statement Analysis

• P&L Statement Analysis
• Balance Sheet Analysis
• Funds Flow Analysis
• Ratio Analysis
• Trend Analysis
• Common Size Analysis

Module 4 : Working Capital Management

• Concept of Working Capital
• Managing Inventory and Trade Receivables
• Managing Trade Payables
• Budgeting and Working Capital Management

Module 5 : Capital Budgeting

• Capital Expenditure Evaluation
• NPV Technique
• IRR Technique
• Pay Back Method

CGI Zimbabwe
 • Risk Analysis

Module 6 : Cost Management and Costing Techniques

• Cost Concepts
• Various Costing Methods
• Breakeven Analysis
• Costing Vs. Budgeting
• Strategic cost management

Module 7 : Revenue Management

• Revenue Recognition and possible revenue leakages
• Revenue Vs. Trade Receivables
• Revenue Vs. Trade Payables
• Revenue Vs. Foreign Exchange Management

Module 8 : Introduction to IFRS

• Introduction to the concept of Accounting Standards
• Generally applicable IFRS
• Discussion on Specific IFRS

Training Methodology
The training will be a face to face mode of instruction which includes giving practical examples such as
case studies. The training will be instructor/ facilitator led but interactive as the trainees will be required to
respond to issues and display understanding of concepts.

CGI Zimbabwe
CGI Zimbabwe
 2023 ANNUAL REGISTRATION OF A
BIDDER
Management & General Consultancy Services(SM001)
The Procurement Regulatory Authority of Zimbabwe has approved Chartered
Governance and Accountancy Institute in Zimbabwe(PR300244348)'s
application for inclusion on the Registered List of Bidders for the above category , in
terms of Section 4 of the Public Procurement and Disposal of Public Assets
(General) Regulations, 2018 for a period expiring 2023-12-31 00:00:00

Issued On 2023-3-2 8:56:38

Expiration Date 2023-12-31 00:00:00
Verification Code: PRAZ-2023-8B08X-6692

This certificate will expire on 2023-12-31 00:00:00 and cannot be used for
any business after the expiry date.
Please note that the authenticity and validity of this certificate must be
verified on our PRAZ portal using https://portal.praz.org.zw

CGI Zimbabwe
 CONTACT US
Tel: 242 700 553-5 (Harare) Email : cgizim@cgizim.org CGI Head Office : Dzidzo House
292 261 390 (Bulawayo) ejonga@cgizim.org 22 - 32 Mchlery Avenues, Eastlea,
WhatsApp : +263 71 631 7675 rndebele@cgizim.org Harare.
dkandemwa@cgizim.org CGI Bulawayo : 73A Ailsa Court,
Website : www.cgizim.org J Tongogara St/L Takawira Ave
Bulawayo.

CGI Zimbabwe