Major boost for finance and accounting students

On April 8, the Affiliation of Chartered Licensed Accountants (ACCA) signed a cooperation agreement with Ba Ria-Vung Tau University (BVU).

This is not the initial such agreement, and far more are prepared for the around long term.

The signing ceremony among ACCA and BVU is one of many to offer you the IFRS course

The IFRS is being utilized nearly totally in far more than 100 nations around the world throughout the world, which include some international locations in Southeast Asia.

With a powerful network of associates and partners, the ACCA and the VACPA realise their roles in shaping the improvement of the accounting and auditing occupation and supporting the implementation of international specifications.

The ACCA-VACPA Joint Certificate in Worldwide Monetary Reporting proves a brief, charge-successful, and economical answer to meet the requirements of the country.

At the party, Graham Stuart, British primary minister’s trade envoy to Vietnam, Cambodia and Laos, shared, “The MoU signing party in this article at the BVU these days additional demonstrates the possible and hunger for a lot more Uk increased education and learning in Vietnam. The ACCA is dedicated to increasing better education and learning alternatives, like expanding intercontinental education partnerships with organisations this sort of as the BVU. I am confident that these partnerships will be of enormous profit to Vietnamese pupils in the long run.”

He hoped that the ACCA’s cooperation with the VACPA and numerous universities would be an vital step in the cooperation marriage amongst Vietnam and the British isles, opening up new chances and bringing functional rewards to businesses in the foreseeable future. He feels that this is also one particular of the priorities to be promoted in the coming yrs, connecting enterprises and organisations in the two nations in places the place the British isles has strengths and Vietnam has good probable for development.

Graham Stuart commenting on the extended-time period rewards of cooperation

The ACCA is the 1st main experienced association to use IFRS as a system for examinations and to take part totally in the imagined process and debates when up-to-date standards are issued. ACCA associates are needed to update IFRSs as section of an annual professional update programme.

With the gain of a world community, the ACCA also has the potential to support condition administration organizations, specialist associations, and stakeholders in the application of IFRS. The curriculum of the IFRS has a crystal clear construction and is scholar-friendly, made up of investigation and simple scenario routines.

Nguyen Thuy Minh Chau, ACCA consultant in Vietnam claimed, “We believe that that performing with universities to integrate the training course is a important phase forward, actively promoting the improvement of the accounting and auditing field in the place.”

The partnership among the ACCA and the BVU marks an important milestone in selling international specifications in the accounting and auditing market in Vietnam

Tran Khanh Lam, vice president and typical secretary of the VACPA shared, “With the drive to help accounting and auditing instructors and college students, VACPA is really pleased to accompany ACCA and the universities supply the certification. It will make the schooling programmes in finance and accounting extra interesting to learners and will help to increase the posture and status of the college in the eyes of auditing and finance gurus.”

The teaching programme has multiple-option tests in just about every module for students to examine their know-how and prepare for the certification exam. The design that brings together on line and classroom studying will deal with the English language barrier and the complicated information of IFRS.

Nguyen Thi Hoai Phuong, acting rector of the BVU claimed, “The software of IFRS is starting to be an unavoidable pattern. This has opened up prospects for occupation development and determined quite a few students. We constantly strive to innovate and are joyful to cooperate with capable organisations these kinds of as ACCA and VACPA to utilize global training methods in buy to meet the sensible needs of the new period.”