Bangalore, August 21, 2014: ACCA (the Association of Chartered Certified Accountants) today announced its partnership with Bangalore's prestigious institute, St Joseph's College of Commerce to offer its globally acknowledged accountancy courses. With this tie-up, the students of the institute have an opportunity to earn a degree and ACCA's professional accountancy qualification by the time they graduate.
ACCA has entered into a Memorandum of Understanding (MoU) with the institution to roll out its courses. Students at the institute will be able to complete the ACCA Qualification exams, which are based on International Financial Reporting Standards, along with their regular degree course. India's accounting standards will converge with IFRS in the next two years. The course offered by ACCA for Accountancy exams will be equivalent to a UK's Masters Degree.
With a history of 144 years and a fine blend of tradition and modernity, St. Joseph's College Of Commerce is an autonomous institution affiliated to Bangalore University. The college imparts liberal education to students belonging to all sections of the society without any discrimination.
Commenting on the pact, Ilham Punjani, Head of Business Relations, Education, ACCA said: "It gives us immense pleasure to join hands with prestigious establishment in India's IT hub, which promote international collaboration and conduct research activities on long term basis. This collaboration will enable young students to become finance professionals by the time they complete their regular graduation. We are proud to announce that thousands of young people in more than 170 countries have so far realised their ambitions with ACCA courses and have successful and rewarding careers across sectors."
Fr. Daniel Fernandes SJ, Principal, St Joseph's College of Commerce, said, "ACCA, world's largest body in Accounting, would help our students learn most sought-after skills in the area of Accounting & Finance and will thus improve their employability opportunities not just in India but in several countries across the world. The ACCA Qualification is based on International Financial Reporting Standards (IFRS), which is significant since India's accounting standards will be converging with IFRS in the next two years."
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. It aims to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.