Hyderabad, 5th March 2014: Students at GITAM Institute of Management, one of India's top ranked business universities, now have an opportunity to earn both a degree and a globally recognised professional accountancy qualification by the time they graduate as a result of a new partnership between GITAM and ACCA (the Association of Chartered Certified Accountants).
As a result of a partnership agreement signed on 28 February, GITAM, which has campuses in Hyderabad, Vishakapatnam (Vizag) and Bangalore, and ACCA, the global body for professional accountants, with 162 members and 428,000 students worldwide, will work together to launch an ACCA Embedded programme, which is based on International Financial Reporting Standards, the standard which Indian accounting standards will converge within the next few years.The agreement will enable students on the B.Com honours programme to study the ACCA Qualification and gain a BSc. in Applied Accounting from Oxford Brookes University (UK) in the process.
Ilham Punjani, Business relationship manager with ACCA in India, said: "ACCA is delighted to be working in partnership with GITAM, one of the country's top ranked universities, to develop a new outstanding generation of highly qualified and work ready finance professionals who can contribute to the ongoing economic development of the country. We not only work closely with learning providers, but also have a network of more than 8,500 approved employers who support ACCA students and members throughout their careers.
We are very excited to be working with GITAM, particularly following the recent announcement by the Government of India that Indian accounting standards will converge with International Financial Reporting Standards (IFRS) . ACCA was the first global professional accountancy body to base its syllabus on IFRS and has long championed the importance of international standards as it brings real benefits to business and the investment community in an increasingly globalised market," said Ilham Punjani.
"GIM has been continuously striving to offer globally recognised qualifications for its students. Joining hands with ACCA - world largest body in accounting would help our students to learn most sought-after skills in the area of Accounting & Finance thus improve their employability opportunities not just in India but across the world in several countries especially in MNCs" - Prof. K SIva Rama Krishna, Dean & Principal, GITAM Institute of Management.
About Association of Chartered Certified Accountants (ACCA)
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants that 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. Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. The Institute supports more than 162,000 members and 428,000 students in 173 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. It delivers its courses through a network of over 89 offices and centres and more than 8,500 approved employers worldwide, who provide high standards of employee learning and development.