For the 5th consecutive time, the Association of Chattered Certified Accountants, ACCA, has held its annual Students Summit in Accra.
Themed: “Becoming a Strategic Business Leader”, Portfolio Head- East & West Africa, Norman Williams, noted that the event focused on the changes in the ACCA qualification and some essential employable skills.
He said it is also focused on developing, supporting and equipping students with essential skills needed through their ACCA journey adding that the role finance has to play in a fast pacing country like Ghana cannot be overemphasized.
“As a body with a keen interest in creating complete finance professionals and supplying the requisite skills needed for finance related roles, the onus lies on us to ensure we create nothing but the very best. This summit is one of the tools which will enable us to support our young and upcoming qualified finance professionals”, he said.
Touching on the change in courses of The ACCA, Business Development Manager, Gameli Datsomor, revealed that in 2016 ACCA global embarked on a research to identify what the drivers of change within the accountancy profession is going to look like in the next 10 years.
According to him, ACCA assembled 1,100 top-notch Chief Finance Officers and Managing Directors in eleven countries across the world to interview them on their take on the future of the accountancy profession and the findings of that report has necessitated ACCA to review its curriculum.
The research revealed that there is going to be four key drivers of change in the Accountancy world and these included increased regulations and stronger governance, advances in digital technology, higher expectations and continuous globalisation.
He said: “Based on this research, we’ve been able to lesson some of our courses. Now we have a course like Strategic Business Leader and Strategic Business Reporting which were not previously there. In accounting robotics can do a lot of accounting functions and we are mindful of the fact that digitisation is taking a lot of the manual or the human accountancy that we do. So why not think ahead and make the accountant relevant in areas of financial reporting and give better interpretation to financial statements which the computer cannot do.”
He noted that one of the key introductions to mitigate the findings of digitisation is in the area of introducing computer based exams instead of manual exams. He said ACCA want students to be ready for the world of work.
“When you enter the world of work you’re going to use computers to work so we don’t see the need to write our exams in papers. ACCA wants the accountant to see himself as the business leader and not just somebody going around and looking for normal figures”, Mr. Datsomor said.
The Students Summit also featured an awards ceremony to honour top affiliates as well as best performing students of the ACCA papers in the December 2014 and June 2015 examination sittings.
Nana Adusei-Poku Ababioh emerged as the overall best student in the June 2017 exams sitting whereas Alexander Dankyi also emerged overall best student of the September 2017 sitting.
The summit also included breakout session where participants with keen interest in ACCA courses were provided with insight into the whole journey from being a student to attaining membership with emphasis on the opportunities, added qualifications and support.