ACCA Develops Competency Framework for Global Chartered Accountants Growing at 60% YoY in India

ACCA (the Association of Chartered Certified Accountants), a global body for professional accountants has over 750,000 members in India and is growing at 60 percent on a year-on-year basis. In fact, Karnataka and Kerala states alone amount to 21,158 students and affiliates. Now with India’s 29 states operating as a single economic market, there is a clear demand for finance professionals who possess international as well as national expertise.

In order to create forward-thinking professional accountants, ACCA has built its competency framework, a market-leading blend of technical, ethical and professional skills  to provide a globally relevant professional qualification in accountancy and finance. This framework would be beneficial for students and enable them to gain a competitive advantage in the workplace, while also providing the skills needed by employers.

ACCA works in partnership with learning providers and employers in Karnataka and across India, while meeting aspirations of the youth and provide access to quality education so that they can embark on a financial career. ACCA’s research into the hopes and aspirations of Generation Next in India shows that a career in finance is one of the most sought after, with 86% of respondents between the ages of 18 to 35 agreeing that finance career experience is valuable to be a leader of an organsiation in the future.

ACCA’s Head of International Development, Md. Sajid Khan, said: ‘It’s our clear aim to foster business relevant skills in our students to help them fast-track their career growth. That’s why we work closely with colleges and employers in India to enrich careers, providing people with a qualification that is truly global ; correspondingly growing the talent pipeline of the state. ‘With trusted learning providers, we work to supplement academic degrees with the ACCA qualification, so that graduates can realise their true potential.

Adding to the thought ACCA’s Director – Emerging Markets, Lucia Real-Martin said, “Sought-after by employers here in India and the world over, the ACCA Qualification opens doors, letting people take their career in direction the direction that they want to spearhead. Employers know that ACCA qualified professionals are trained to the highest standards, while providing realistic business environment  that incorporates local and global awareness, thus making the qualified job ready from day one.”

Along with the ACCA Qualification that prepares students to be work-ready, ACCA and its learning partners together host seminars, conferences, skills development projects, research and exchange programmes that students and members can access helping them not only at the entry levels but through their career span.