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 very first this sort of agreement, and more are planned for the in the vicinity of long run.

The signing ceremony involving ACCA and BVU is a single of quite a few to supply the IFRS class

The IFRS is currently being utilized practically completely in more than 100 international locations globally, such as some countries in Southeast Asia.

With a robust community of members and associates, the ACCA and the VACPA realise their roles in shaping the improvement of the accounting and auditing job and supporting the implementation of worldwide standards.

The ACCA-VACPA Joint Certificate in Worldwide Financial Reporting proves a rapid, cost-productive, and productive alternative to meet up with the requires of the nation.

At the function, Graham Stuart, British key minister’s trade envoy to Vietnam, Cambodia and Laos, shared, “The MoU signing party listed here at the BVU nowadays more demonstrates the opportunity and hunger for a lot more United kingdom increased education in Vietnam. The ACCA is committed to bettering higher education and learning possibilities, which includes expanding global schooling partnerships with organisations these types of as the BVU. I am self-confident that these partnerships will be of immense advantage to Vietnamese college students in the long term.”

He hoped that the ACCA’s cooperation with the VACPA and various universities would be an vital action in the cooperation marriage among Vietnam and the United kingdom, opening up new chances and bringing sensible gains to enterprises in the long term. He feels that this is also one of the priorities to be promoted in the coming many years, connecting enterprises and organisations in the two international locations in regions the place the British isles has strengths and Vietnam has excellent potential for improvement.

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

The ACCA is the 1st key expert affiliation to use IFRS as a system for examinations and to participate fully in the considered process and debates when up-to-date criteria are issued. ACCA users are demanded to update IFRSs as part of an once-a-year specialist update programme.

With the advantage of a international community, the ACCA also has the skill to assistance state administration companies, experienced associations, and stakeholders in the application of IFRS. The curriculum of the IFRS has a crystal clear construction and is college student-helpful, that contains evaluation and practical circumstance routines.

Nguyen Thuy Minh Chau, ACCA agent in Vietnam reported, “We feel that performing with universities to integrate the program is a important step forward, actively endorsing the development of the accounting and auditing business in the nation.”

The partnership in between the ACCA and the BVU marks an significant milestone in promoting international criteria in the accounting and auditing business in Vietnam

Tran Khanh Lam, vice president and standard secretary of the VACPA shared, “With the drive to assist accounting and auditing academics and pupils, VACPA is pretty happy to accompany ACCA and the universities supply the certificate. It can make the teaching programmes in finance and accounting far more desirable to students and aids to greatly enhance the posture and status of the college in the eyes of auditing and finance gurus.”

The instruction programme has multiple-preference tests in each individual module for pupils to verify their information and put together for the certification examination. The design that brings together on the net and classroom learning will address the English language barrier and the complicated content material of IFRS.

Nguyen Thi Hoai Phuong, acting rector of the BVU stated, “The software of IFRS is starting to be an inevitable pattern. This has opened up opportunities for vocation advancement and motivated numerous college students. We constantly try to innovate and are happy to cooperate with capable organisations these types of as ACCA and VACPA to utilize global instruction solutions in purchase to meet the sensible necessities of the new period.”