Indian School of Business & Finance has been granted eight exemptions for its BSc (Hons) Accounting and Finance students from the Association of Chartered Certified Accountants (ACCA) with respect to the examinations required to be passed in order to become ACCA qualified. Normally, 13 examinations have to be cleared to become ACCA qualified.
ACCA is a professional accounting body, with around 2,19,000 members and 5,27,000 students in 179 countries. ACCA works with over 7,291 approved employers and 80 accountancy partnerships. As a result, becoming ACCA qualified enables students to launch successful global careers in accounting and finance.
Cost saving
Of the 13 examinations required to become ACCA qualified, students of ISBF’s BSc (Hons) Accounting and Finance programme — which is offered under the aegis of University of London and receives all academic direction from the London School of Economics and Political Science — have been granted eight exemptions.
This exemption facilitates students to start appearing for the remaining five exams after completing their first year of undergraduate studies. This gives them an opportunity to become ACCA qualified by the time they graduate at age 21 years with the University of London degree. In contrast, the average qualifying age for a professional accountant is 25 years globally. Apart from becoming ACCA qualified in less than half the time required by other students, ISBF students can also utilise the exemptions to qualify at less than half the cost incurred by others.
Krishan Mishra, Head of North and East India at ACCA, said: “At ACCA, we have a very strong accreditation process wherein we look at the rigour of the qualification the institution already provides, along with the rigour of the examinations conducted and the teaching-learning pedagogy. Based on that, we grant these exemptions. ISBF delivers on all these areas. Additionally, ISBF is a partner of the University of London, with whom ACCA also shares a strong, long-standing partnership. This makes ISBF a stronger candidate to deliver the ACCA qualification through its institution in Delhi.”
Mutual cooperation
Dr Jitin Chadha, Founder and Director, ISBF, said: “It is a great opportunity for students of Accounting and Finance in India to get an international accreditation in such a short span of time and at such concessional fees. ACCA is the global equivalent of India’s Chartered Accountant (CA) qualification and should thus be the professional course of choice for those looking at international careers in accounting or finance. We are excited for our students as the combination of the world-class LSE curriculum and ACCA qualification can give them a substantial competitive edge in their careers.”
ISBF and ACCA also signed an MoU at ISBF, for mutual cooperation in these programmes. ACCA’s approved education partner, Zell Education, was present.
Anant Bengani, Director, Zell Education, said: “Zell is one of the largest partners for ACCA, pan-India, and it will also be the learning partner for ISBF. Zell recommends ISBF for the high quality of content imparted to its students. The addition of ACCA would be an extremely strong value proposition for students looking to work or study in India or abroad.”