Royal Institution of Chartered Surveyors (RICS)
The Royal Institution of Chartered Surveyors (RICS) is a professional, representative and independent body that works to control surveyors and property professionals in U.K and in other sovereign nations. This representative body provides strict codes of practice for the protection of consumers; it offers training and education standards and give advice to businesses and government. It offers knowledge in matters that relates to fixed assets and this is not limited to real property. It is a member of the International Federation of Surveyors.
Headquarter of RICS is in London and there are 14 regional offices in U.K. It has more than 159,000 members all over the world and its affiliates are in more than 146 countries. Though most of the members are from U.K, but the number of members is all growing rapidly in Canada, U.S., Hong Kong, Europe, Asia, Australia, North Africa, India and Middle East
The Royal Institution of Chartered Surveyors was established in London, but at that time it was known as the ‘Institution of Surveyors’. On June 15, 1868, a meeting was held at the Westminster Palace Hotel where 49 surveyors started the Institution of Surveyors. The first chairman of the institution was John Clutton. The institution’s headquarter is in Great George Street and Parliament Square. In 1881, it got its Royal Charter and George V granted it Royal Patronage in 1921. In 1930, it came to be known as the Institution of Chartered Surveyors and in 1946; the institution became the Royal Institution of Chartered Surveyors.
There are four ways by which a person can become a member of RICS and they are academic, graduate, technical and senior professional. There are many universities all over the world with whom RICS has link and offer courses that are related to the qualification requirement for becoming trainee surveyor. Qualified and professional members of any partner association can get membership in RICS.
The members of Royal Institution of Chartered Surveyors provide the best and most professional standard advice, because they always update their knowledge and competence with the help of Continuous Professional Development regulations of RICS.
- Debt ratios
- Liquidity ratios
- Profitability ratios
- Asset management ratios
- Cash Flow Indicator Ratios
- Market value ratios
- Financial analysis
- Business Terms
- Financial education
- International Financial Reporting Standards (EU)
- IFRS Interpretations (EU)
- Financial software