Latest news with #AssociationofCharteredCertifiedAccountants
Business News Wales
3 days ago
- Business
- Business News Wales
ACCA Calls on UK Government to Move with Caution on E-Invoicing
Adopting electronic invoicing should be voluntary for both UK businesses and the public sector, according to leading global accountancy body ACCA (the Association of Chartered Certified Accountants). Responding to a HMRC consultation – Electronic invoicing: promoting e-invoicing across UK businesses and the public sector – ACCA is clear that while the implementation of e-invoicing could bring a number of key benefits for business, such a move must be demand led and must not divert focus away from existing priorities such as Making Tax Digital (MTD). Glenn Collins, head of policy, technical and strategic engagement at ACCA, said: 'With so much investment already having been made by software providers, taxpayers and all key stakeholders in Making Tax Digital (MTD), we would be concerned that the implementation of e-invoicing could potentially dilute already finite resources and lead to delays.' Lloyd Powell, head of ACCA Cymru/Wales, said: 'We would encourage a cautious approach when considering the capacity HMRC would have to implement new developments such as e-invoicing while HMRC reforms and areas such as MTD are at the early stages of phased implementation. In other words: concentrate on making MTD a success.' In its response ACCA suggests that any e-invoicing system should adopt a decentralised 'four-corner model' giving independence and flexibility and would not require users to be locked into a central platform. Joe Fitzsimons, regional lead, policy & insights, ACCA, said: 'A voluntary system of e-invoicing designed to encourage business adoption to realise key business benefits is the most productive approach. Cost benefit analysis will remain crucial as well as considering how e-invoicing can best work for business in practice. 'We also call on the Government to look at existing standards in countries which already use e-invoicing and take a phased approach to ensure capacity and capability can be built and crucially lessons learned.'
India Today
28-05-2025
- Business
- India Today
University of London, Chartered Certified Accountants introduce new BSc degree
The University of London and the Association of Chartered Certified Accountants (ACCA) have taken a major step further in providing education to Indian students internationally. They have launched a new combined BSc in Applied Accounting course. This new course enables students to earn an internationally recognised degree and study towards a professional ACCA qualification step is an extension of the current partnership between the two institutions. Under the partnership, ACCA members and affiliates already enjoyed the privilege of gaining access to an MSc in Professional this step, the partnership aims to give students a simpler and more convenient way of gaining global accounting and finance qualifications. In India, increasingly students have been opting for the ACCA qualification over the past few years, particularly commerce and accountancy students who seek international DEMAND IN INDIAIt is a recognised international option to conventional courses such as Chartered Accountancy (CA). The new BSc course makes it more attractive in the sense that it allows the students to pursue academic and professional objectives at the same time within one of the greatest features of the programme is that students will not need to enroll in another course at a they can pursue their degree while finishing ACCA, which is more convenient and affordable for the next generation of professionals to acquire two is a major breakthrough in professional development. It enables Indian and international students to learn academic and professional skills at the same time, which enables them to get jobs and migrate to other countries," said an ACCA University of London is particularly renowned for its emphasis on distance learning and quality education. Synergy with ACCA ensures that students benefit from both sound academic education and professional course is a demonstration of the growing demand for qualifications that offer theory in addition to practice. Most Indian students will be keen on enrolling in it since they want to develop global careers in accounting and finance.
Indian Express
28-05-2025
- Business
- Indian Express
University of London, ACCA announces launch of joint BSc degree with professional accountancy qualification
The Association of Chartered Certified Accountants (ACCA) and the University of London have announced the launch of a new integrated BSc (Hons) Professional Accountancy programme. The initiative will allow students to simultaneously pursue an academic degree and a globally recognised professional accountancy qualification through a single structured coursework. The programme, set to open for applications in December 2025, merges the ACCA qualification, widely regarded as one of the leading global certifications for accountants, with the academic credentials of the University of London. The move is aimed at addressing the long-standing dilemma many students face in choosing between an academic or a professional path in accountancy. According to the official statement, the new BSc programme is tailored to align with the progression of the ACCA qualification. Students undertaking ACCA will have the opportunity to work toward the degree as part of their professional studies, offering a streamlined route toward becoming a qualified accountant with both academic and professional credentials. Alan Hatfield, Executive Director of Content, Quality and Innovation at ACCA, described the programme as a 'career launchpad,' especially beneficial for students seeking a comprehensive education in accountancy. 'Choosing between a professional and an academic qualification is a significant dilemma for many students,' he said. 'This new route supports our efforts to increase inclusion and opportunity in the accountancy profession and to bridge the accountancy skills gap that exists in many countries.' The structure of the BSc (Hons) Professional Accountancy allows for complete online learning, consistent with the flexible format of the ACCA qualification. Students can opt for supported online instruction or attend face-to-face sessions through the University of London's recognised teaching centres, subject to availability. Dr Sky Zheng, Executive Director of University of London Worldwide, emphasised the institution's ongoing mission to make quality education accessible. 'This BSc programme, delivered in collaboration with ACCA, gives students the best of both worlds – gaining both credentials simultaneously to improve their career prospects in global accountancy,' he said. The programme builds on an existing collaboration between the two institutions, under which ACCA members and affiliates already have the opportunity to pursue an MSc in Professional Accountancy. Notably, in India, the ACCA qualification has seen a rise in interest among commerce and accounting students, offering a global alternative to traditional domestic pathways such as CA (Chartered Accountancy). With the launch of this integrated BSc programme, Indian students now have an additional route that blends global academic recognition with a professional designation, all without the need to enrol separately in a university course.
Yahoo
23-05-2025
- Business
- Yahoo
ACCA and MonICPA renew partnership
The Association of Chartered Certified Accountants (ACCA) and the Mongolian Institute of Certified Public Accountants (MonICPA) have renewed their partnership to strengthen Mongolia's accountancy profession. The agreement, renewed in mid-May 2025, focuses on providing pathways for mutual membership and emphasises public sector development in Mongolia. The five-year agreement highlights the collaboration between ACCA and MonICPA to promote ACCA's Public Financial Management and International Public Sector Standards qualifications. Both bodies aim to engage with donor agencies to support public sector development and focus on the role and certification of accounting technicians in Mongolia. ACCA has committed to sharing its research and professional insights, while both organisations plan to explore collaborative research opportunities. ACCA Central Asia, Mongolia and Armenia head Zhanna Iskenova said: 'It is so encouraging to witness the renewal of this partnership. ACCA and MonICPA share a common strong interest in the advancement of the accountancy profession in Mongolia especially in strengthening professional capacity and building accountancy infrastructure in the country. I look forward to working with colleagues in ACCA and MonICPA in achieving our mutual aims.' MonICPA CEO Baasandorj Oyunbaatar said: 'MonICPA is committed to carry on the excellent work we have already achieved with ACCA. At its heart this relationship promotes the highest profession, ethical and governance standards and by doing that clearly advances the public interest. 'We are keenly interested in co-operating with ACCA on professional training education and examinations.' In addition to the partnership with MonICPA, ACCA recently collaborated with the Astana International Financial Centre (AIFC) Green Finance Centre. In April 2025, the association hosted a seminar in Astana, Kazakhstan, to enhance the understanding of sustainability disclosures among Central Asian regulators and business leaders. The Capacity Building Seminar provided insights into International Sustainability Standards Board standards, featuring case studies and practical training on preparing sustainability reports focused on IFRS S1 and S2. "ACCA and MonICPA renew partnership" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Biz Bahrain
17-05-2025
- Business
- Biz Bahrain
Entrepreneurial ambition and hybrid frustration fuel talent crunch in Middle East finance sector
Over two-thirds (68%) of finance professionals surveyed in the Middle East as part of the Association of Chartered Certified Accountants (ACCA)'s Global Talent Trends 2025 study say they aspire to become entrepreneurs – well above the global average of 52% – as regional dissatisfaction with salary and lack of workplace flexibility intensifies. ACCA's (the Association of Chartered Certified Accountants) latest annual Global Talent Trends Survey 2025 alerts employers to changing perspectives among accountancy and finance professionals, providing a unique view of how people feel about their life at work and future career aspirations. Now in its third year, this is the largest annual talent survey of accountancy and finance professionals across the world. Over 10,000 individuals from 175 countries responded to our survey on issues ranging from career ambitions, hybrid working and inclusivity practices to upskilling, mental health and employability issues. The Middle East findings point to a workplace under pressure – with a looming talent crunch, high turnover expectations, and calls for more inclusive, flexible and supportive environments. This year's emerging key themes for the Middle East are as follows: 1. Entrepreneurial ambition is high. 68% of respondents in the region say they have ambitions to start their own business, compared to 52% globally. This is especially strong among those in leadership roles (79%) and middle management (73%). 2. Employability confidence is strong – and turnover risk is high. 83% expect to change roles within the next two years – the highest figure globally. More than half (55%) say they plan to move within just 12 months. 3. Salary dissatisfaction is driving retention risk. 59% are unhappy with their current salary (vs. 48% globally), and 70% plan to ask for a pay rise in the next year. Half of respondents believe that changing employer is the best way to increase their income. 4. Demand for hybrid work is unmet. 75% of respondents say they would prefer a hybrid model, yet 78% are still fully office-based, a significant mismatch, and the highest office-based rate of any region. 5. Flexible working tops the list of desired benefits. Flexibility is viewed as the most effective employer intervention to improve work–life balance, ahead of workload support and leadership culture. 6. AI skills confidence is high, but organisational support is low. 89% are confident in their ability to learn and apply AI-related skills, but only 26% say they are being offered opportunities by their employers to develop these capabilities. 7. Mental health pressures persist. 47% say their mental health suffers due to work pressures. While this is an improvement on 2024 figures, it continues to reflect challenges across the region. 8. Equity, diversity and inclusion needs greater attention. Only 49% believe their organisation is truly inclusive – well below the global average (62%). Respondents highlight the need for more recognition of older employees, better racial and gender representation, as well as improved socio-economic mobility. 9. 'Side hustles' are less common than globally. Only 28% of Middle East respondents are engaged in additional employment outside their main role, compared with 39% globally. Most respondents are focused on their core role, with career development and fair compensation top of mind. Kush Ahuja, Head of Eurasia & Middle East at ACCA, comments: 'The 2025 talent trends for the Middle East are a clear call to action for employers. Ambition is running high – from entrepreneurship to AI upskilling – but so are frustrations around reward, progression and flexibility. If organisations are to attract and retain the next generation of finance leaders, they must evolve quickly to meet these expectations. The opportunity is there for forward-looking employers to differentiate themselves by investing in people, purpose and potential.' Jamie Lyon FCCA, Global Head of Skills, Sectors, Technology at ACCA said: 'Our 2025 data continues to show a workplace in transition, but one of the exciting themes emerging this year is how accountancy training can be a brilliant early career pathway for building entrepreneurial skills. There's no doubt this in part reflects how career ambitions continue to transform at work.' Read the Middle East Talent Trends report here. Explore the full Global Talent Trends 2025 report here.
