ACCA Planned for Innovative Development for Accounting Education and Training
According to ACCA (the Association of Chartered Certified Accountants) – the accounting profession needs to reshape with a modern, relevant, hands on and up-to-date syllabus that will push the students to the global stage.
A recent publication from global recruiter Randstad clearly shows the future shortage of qualified accounting professionals. According to the publication, the recent shortage of accountants, takes place in countries like UK, Indonesia and some other countries. That is why ACCA thrives the accounting education in different universities in Indonesia to make a sustainable growth of the accountancy profession.
ACCA qualification director Catherine Edwards adds: in order to meet the challenge ACCA always keeps eye on changes happening in businesses and organizations and how they affect the profession. These feedbacks help ACCA to shape up their professionals. Different organizations (public and private sector companies) and their employees regularly send their feedback to ACCA about their requirements.
Since 1904 (the beginning of ACCA) ACCA has develop several unique and effective standards for accounting arena. Recently, ACCA collaboratively run a Massive Online Open Course (MOOC) with FutureLearn and University of Exeter. Notably, this is the first professional accountancy body that sponsors a MOOC in a social learning platform. Additionally, ACCA enhances their computer based assessments for 3 different modules. They are- F1 (Accountant in Business), F2 (Management Accountant) and F3 (Financial Accounting). On the other hand, the ACCA’s foundation level exams are also known as the stepping stone in the global accounting arena.
ACCA’s course includes –
- Introduced computer based examinations in 1998
- Introduced IFRS examinations in 1996
- Introduced different tax and law in 20 countries
- Introduced different ethics module in accounting in 2007
- Integrated examination reporting, though out the professional examinations from December 2014.
Finally, Catherine Edwards concludes: ACCA is innovative but most importantly it should ensure that the innovation comes on the basis of feedbacks provided by the organizations, learning providers and stakeholders. ACCA always keeps their eyes on the sterility and compatibility of its courses and qualifications. In short, the primary goal of ACCA is – creating a win-win situation between students and members.