When it comes to education, Indian youngsters are still holding on to what’s traditional option for them and choosing something that seems familiar to them, like choosing CA or ACCA. However, today’s youth are looking for better prospects in their career and what’s better than a global career in leading markets across the globe.
“The ACCA qualification combines local relevance with international best practice. We are excited to bring these developments to India, as it now stands at the cusp of financial transformation, in order to plug existing skill gaps by providing a truly global qualification,” said Sajid Khan. “By supplementing the accountancy profession with skill sets that have been devised keeping in mind the dynamic nature of the profession and drivers of change like automation and globalisation, we are creating finance professionals who are capable of supporting and driving India’s economic growth.”
Raymond Jack, Executive Director, Finance and Operations added that the new emphasis for the qualification is a major step forward for the future of accountancy. “Today accountants are increasingly being called upon to demonstrate that they are strategic forward-thinkers as they play senior executive roles in business. ACCA has responded accordingly with a qualification that offers the complete and essential blend of technical and ethical accounting competencies mixed with strategic leadership and professional skills required to turn students into the confident, inspiring and trusted business partners that employers need.”
“We’re delivering a qualification that meets the demands of professional accountants in the 21st century, while maintaining the rigorous standards of technical, ethical and professional skills that has established ACCA as the international benchmark for accountancy qualifications,” said Judith Bennett, FEDS (Flexible Exam Delivery Programme) Programme Director, ACCA, at the event.
ACCA’s latest innovations to the top level of its qualification are new Strategic Professional level exams which will replace the existing Professional level exams in September 2018 and a new Ethics and Professional Skills module, which will be introduced in October 2017.
The redesign enhances the breadth and depth of the qualification, with greater focus on employability and the practical application of core skills in the contemporary workplace and includes:
· Strategic Business Leader – an innovative case study exam, based on a realistic business scenario. This gives students the skills and technical expertise required by modern business where decisions need to be made, measured and effectively communicated to the wider organisation.
· Strategic Business Reporting – a new exam exposing students to the wider context of finance and business reporting, giving them the vital skills needed to explain and communicate to stakeholders the implications of transactions and reporting.
· An Ethics and Professional Skills module - making modifications to the existing ethics module, which ACCA was the first professional body to offer to students in 2008. This new module will equip them with the professional skills that are needed in the modern workplace.