Major boost for finance and accounting students

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

This is not the 1st such settlement, and more are prepared for the in the vicinity of upcoming.

The signing ceremony involving ACCA and BVU is one of many to give the IFRS class

The IFRS is staying utilized almost solely in a lot more than 100 nations around the globe, like some nations around the world in Southeast Asia.

With a sturdy community of customers and companions, the ACCA and the VACPA realise their roles in shaping the advancement of the accounting and auditing occupation and supporting the implementation of international standards.

The ACCA-VACPA Joint Certificate in Worldwide Monetary Reporting proves a fast, charge-efficient, and economical solution to satisfy the demands of the nation.

At the celebration, Graham Stuart, British prime minister’s trade envoy to Vietnam, Cambodia and Laos, shared, “The MoU signing event here at the BVU right now additional demonstrates the likely and appetite for a lot more British isles higher education and learning in Vietnam. The ACCA is dedicated to bettering bigger schooling opportunities, together with growing global instruction partnerships with organisations these types of as the BVU. I am self-assured that these partnerships will be of immense reward to Vietnamese college students in the foreseeable future.”

He hoped that the ACCA’s cooperation with the VACPA and several universities would be an vital move in the cooperation connection involving Vietnam and the United kingdom, opening up new options and bringing sensible rewards to corporations in the future. He feels that this is also a person of the priorities to be promoted in the coming years, connecting corporations and organisations in the two countries in spots in which the Uk has strengths and Vietnam has fantastic opportunity for development.

Graham Stuart commenting on the lengthy-expression rewards of cooperation

The ACCA is the very first big qualified association to use IFRS as a platform for exams and to take part entirely in the assumed course of action and debates when up to date criteria are issued. ACCA customers are required to update IFRSs as portion of an once-a-year specialist update programme.

With the benefit of a world-wide network, the ACCA also has the means to help point out management agencies, expert associations, and stakeholders in the application of IFRS. The curriculum of the IFRS has a very clear structure and is university student-welcoming, made up of analysis and practical case workouts.

Nguyen Thuy Minh Chau, ACCA agent in Vietnam reported, “We feel that operating with universities to combine the study course is a substantial step ahead, actively endorsing the growth of the accounting and auditing business in the nation.”

The partnership amongst the ACCA and the BVU marks an essential milestone in endorsing international criteria in the accounting and auditing sector in Vietnam

Tran Khanh Lam, vice president and standard secretary of the VACPA shared, “With the motivation to aid accounting and auditing teachers and college students, VACPA is quite happy to accompany ACCA and the universities present the certificate. It makes the education programmes in finance and accounting far more appealing to college students and assists to enhance the situation and status of the school in the eyes of auditing and finance professionals.”

The training programme has numerous-choice exams in every module for pupils to verify their know-how and put together for the certification examination. The design that combines online and classroom mastering will address the English language barrier and the complex articles of IFRS.

Nguyen Thi Hoai Phuong, acting rector of the BVU mentioned, “The application of IFRS is becoming an inevitable development. This has opened up options for job growth and motivated quite a few college students. We generally try to innovate and are joyful to cooperate with capable organisations these as ACCA and VACPA to use international schooling approaches in purchase to satisfy the practical demands of the new era.”