Latest news with #ACCA
Business Recorder
2 days ago
- Business
- Business Recorder
Accountants can thrive in AI-dominated workplace: ACCA report
KARACHI: AI will reshape the accountancy profession by changing how tasks are completed at all levels. Leading global accountancy body, ACCA (the Association of Chartered Certified Accountants) says that as AI becomes more commonplace, new responsibilities and tasks will emerge for finance teams as they focus on improving controls and specifying the desired information outcomes from machine use. New roles are also expected to support activities ensuring AI systems remain accurate and compliant with professional standards and regulations. ACCA's latest AI Monitor report explores how the gradual integration of AI over comings years is likely to change how accountants work and deliver value from the automation of repetitive tasks to increased knowledge support for decision making. The report points out that while AI can help make processes more efficient, human intervention needs to be retained at critical junctures. Ultimately, the integration of AI needs to reflect the fact that trust remains a fundamentally social concept built on human interaction, transparency, and oversight. And the future of accounting will involve navigating tensions between efficiency and human judgement, automation and control. Alistair Brisbourne, Head of Technology Research, ACCA, said: 'Professionals who can embrace uncertainty, develop strong judgement skills, and continuously adapt their expertise will thrive even as specific tasks change or become automated.' Brisbourne said: 'It should be remembered that over the decades accountancy has prospered by its intelligent and enthusiastic adoption of the latest technology.' The report sets out four key work trends that AI will drive for accountants: a contraction in routine processing; an expansion in strategic and advisory decision-making; an evolution of mid-level roles to incorporate more judgement and client interaction; and new responsibilities at the intersection of accounting, technology and strategy. The future that is unfolding isn't one where finance and accounting professionals are replaced – but one where their responsibilities will change. Success in this transition depends on making clear assessments of where AI will add value, establishing clear policies and governance in use, and the cultivation of skills that complement technical capabilities. ACCA expects that coming years will see organisations develop more integrated workflows based on the principle that AI adoption is not just about distinguishing high versus low-value activities – but focusing on outcomes, quality and value. Brisbourne said: 'Only a minority of finance and accounting teams have implemented AI solutions – but these resources are widely available, and organisations are reviewing opportunities and workforce needs. 'AI adoption is expected to accelerate in coming years, especially as our data shows investment on AI initiatives is increasing, and widespread cloud adoption provides a crucial foundation for AI implementation.' The profession is still in the invention and adoption stage of AI, as demonstrated by investment data and current adoption/ usage statistics. And the profession is embracing the learning and employment challenge offered by AI as shown by the recently announced changes to the ACCA Qualification which embraces emerging advances in technology and sustainability. Copyright Business Recorder, 2025
Yahoo
5 days ago
- Business
- Yahoo
AAT and University of Exeter accounting degree apprenticeship
The Association of Accounting Technicians (AAT) and the University of Exeter have collaborated to introduce a new Accounting Finance Manager degree apprenticeship, starting in September 2025. This programme combines the AAT Level 4 Diploma in Professional Accounting with a Bachelor's degree, integrating academic learning with workplace-relevant training. Apprentices will complete the AAT Level 4 Diploma during their first year, gaining early qualifications that provide exemptions for certain ACCA and CIMA exams, supporting their path to becoming chartered accountants. The course structure was developed with input from the University of Exeter's employer partners to align with current needs in the finance sector. The University of Exeter Centre for Degree Partnerships director Rachael Johnstone said: 'The Accounting Finance Manager Degree Apprenticeship opens new doors for aspiring accounting and finance professionals, combining academic excellence with practical industry-focused skills to create a truly inclusive pathway to success. 'Our partnership with AAT is a transformational step in our mission to widen participation in Higher Education and diversify the accounting and finance industries. We're excited to welcome our first cohort in September 2025.' The initiative seeks to address skill gaps in finance and open pathways for school leavers and career switchers from varied backgrounds to enter the profession through a degree apprenticeship. UK businesses can fund employee training using the Skills and Growth levy, enabling them to develop and recruit skilled accounting professionals to contribute to economic development. AAT Customer, Partnerships and Innovation executive director Claire Bennison said: 'Our collaboration with the University of Exeter is a game-changer for those seeking a career in finance. 'For the first time, our Level 4 Diploma qualification will be obtained within the first year ensuring students will be able to step into the finance world sooner. 'This degree apprenticeship ensures students are on track to obtain practical accounting skills they will draw on throughout their careers. It demonstrates that there are many routes to professional success, whether you're starting out after school or looking to upskill later in life. 'By equipping apprentices with globally recognised qualifications and a clear pathway, we're empowering individuals and supporting employers in building a skilled, diverse workforce.' "AAT and University of Exeter accounting degree apprenticeship" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
The Hindu
6 days ago
- Business
- The Hindu
News from the world of Education: July 17, 2025
TEDxABBS Acharya Bangalore B-School (ABBS) will host TEDxABBS, a TED event on July 26 to share ideas and spark conversations around sustainability, environmental conservation, innovation, and green living. For details, visit ACCA Case Masters 2025 The Association of Chartered Certified Accountants (ACCA), has launched a national case study competition. ACCA Case Masters 2025: Redefining the Accountant aims to provide students with a unique platform to demonstrate financial acumen, strategic thinking and problem-solving skills in real-world business scenarios. Eligibility: and BBA students from across India Deadline: August 8 For details, visit Admissions and scholarships Hindustan Institute of Technology and Science has opened admissions for its MBA programme with specialisations in Finance, Marketing, Human Resources, Hospital Management, Aviation Management, Logistics and Supply Chain Management, Media and Entertainment, and Business Analytics. Merit-based scholarships are available. Eligibility: Minimum 50% marks in any UG discipline and valid scores in CAT, MAT, XAT, or CMAT. Deadline: July 30 Details at The University of Strathclyde, Glasgow, invites applications for its Aerospace Engineering programme starting in September 2025 and January 2026. Scholarships are available Eligibility: A first-class or second-class honours degree (or international equivalent) in Engineering, Physical Sciences, or a closely related discipline. Overall IELTS (Academic) score of 6.5 with no individual band less than 5.5. Details at Motion Education has launched the Motion Talent Search Exam with rewards ranging from scholarships and free coaching for over 500 students. Eligibility: Students from classes 6 to 10, 11 and 12 (Science stream) When: July 20, August 3, and August 24 (online) Deadline: Up to two days before the selected exam date Details at Western Overseas Study Abroad has issued an admission alert for Indian students who wish to pursue Bachelor's and Master's degrees in universities in Canada, Australia, New Zealand, the U.K., the U.S. and Europe. It offers personalised career counselling, university and country shortlisting, SOP and documentation assistance, application submissions, visa processing, and standardised test coaching for exams. For details, visit JIRSMUN 2025 JAIN International Residential School (JIRS), Bengaluru, will host its Model United Nations Conference, JIRSMUN 2025. The event will feature six committees and a cultural exchange programme. When: August 29 to 31 Details at Events IIT Mandi concluded the third edition of PRAYAS 3.0, its outreach initiative that aims to foster curiosity and scientific temperament among school students. Participants engaged in a mix of workshops, lectures, lab visits, and team projects designed to make STEM education engaging and accessible. DEVI Sansthan celebrated Malala Day by honouring young women educators from Lucknow's low-income neighbourhoods and equipped with the ALfA toolkit, promotes foundational literacy and numeracy through peer learning and critical thinking. The Circle launched Circle U, a programme to provide hands-on training to educators, and a one-year programme that aims to equip teachers with the expertise and resources to foster exponential progress for children in resource-scarce communities. Delhi Public School Indirapuram hosted Career Vistas 4.0, which brought together representatives from over 30 Indian and international universities and featured sessions on emerging careers, the future of work, and how students can prepare for interdisciplinary pathways. The Department of Social Justice and Empowerment, Government of Rajasthan, selected Arihant Academy to be part of the Chief Minister Anuprati Coaching Scheme. In collaboration with Podar Education Institution, Arihant will now operate a coaching centre in Nawalgarh, Jhunjhunu, to provide free coaching to students from economically weaker sections of society. K.J. Somaiya Institute of Technology (KJSIT), Mumbai, concluded its offline Faculty Development Programme on Fortifying the Digital Frontier: Cybersecurity Strategies for Threat 50 faculty members and researchers across AICTE-approved institutions in Mumbai participated. IIM Kashipur appointed Prof. Neeraj Dwivedi as its new Director. He has over 25 years of experience across academia, corporate sector, and executive leadership. Shiv Nadar University, Delhi-NCR, has appointed Professor Rajesh Chakrabarti as the Dean of the School of Management and Entrepreneurship. He has been affiliated with institutions such as the Wharton School, the Federal Reserve Bank of Atlanta, India Development Foundation and the Center for Development Policy and Practice in India. Over 850 students from Lovely Professional University have secured scholarships to study in foreign institutions from over 80 countries including Canada, the U.K., the U.S., Brazil, and Spain. KIIT World School, Sohna Road, in collaboration with the Adani Foundation and Gems Education, organised a training programme on Neuro-Linguistic Programming (NLP) for its teachers. The Manipal College of Nursing, MAHE, in collaboration with the Faculty of Nursing, University of New Brunswick (UNB), Canada, inaugurated the Manipal International Conference on Equity, Diversity and Inclusion (EDI) in Health: Envisioning a Future of Global Collaboration for Education, Research and Practice. The two-day programme included plenary sessions, scientific paper presentations, and poster presentations. Global Indian International School (GIIS) hosted a felicitation ceremony for the latest cohort of Global Citizen Scholarship (GCS) recipients. Ten students —eight from India and two from West Asia — were recognised for their outstanding academic accomplishments, leadership abilities, and excellence. Zamit has launched an IELTS preparation platform to assist students aiming to study or work abroad. The platform offers a wide range of features, including full-length and individual modules of General Training (GT) and Academic (AC) Tests (CD and PB) Diagnostic tests and improvement activities, quick feedback, writing evaluations, and live sessions with certified IELTS trainers. Pearson has announced key enhancements to Pearson Test of English (PTE) Academic. From August 2025, PTE Academic will include two new speaking tasks: 'Respond to a Situation' and 'Summarise a Group Discussion' to evaluate test takers' ability to communicate in real-world academic and professional scenarios. Pearson is also enhancing its AI-driven scoring system to ensure fairer and more accurate assessments for all test takers. AIIMS Bibinagar and the Centre for Innovation and Entrepreneurship (CIE) at IIIT Hyderabad hosted a MedCare AI Impact Hackathon to empower doctors, medical students, and health researchers to tackle real-world clinical problems through deep tech research led innovation. The event featured two tracks - one for medical practitioners and another for med-tech researchers. CMR University, Bengaluru hosted the launch of the India Chapter of the Global Design Thinking Alliance (GDTA) with thought leaders from academia, industry, and global institutions taking part. Prof. Uli Weinberg, President of GDTA and Director of the HPI School of Design Thinking, Germany, was chief guest. IIM Kashipur hosted a roundtable conference Disha 2025 on the theme: Future-Proof Skills: What the Modern Workplace Demands from MBAs that brought together senior leaders from Barclays, Deloitte India, Wipro, Schneider Electric Infrastructure, Ernst and Young (EY), and Philips India Subcontinent and other global firms. The discussion focused on the core competencies, mindset shifts, and adaptive learning required to navigate today's complex and fast-paced corporate landscape. Tata Motors has trained and certified the first All Girls Batch of motor mechanics in Jharkhand under its Kaushalya programme. The 13 girls have completed the Mechanical Motor Vehicle (MMV) training module, which was designed to build employability in underserved communities. IIM Rohtak hosted Maj. Gen. Sumit Rana, General Officer Commanding, Paschim Uttar Pradesh Sub Area, for a session on The Role of Armed Forces in Nation Building. Over 300 students and faculty members attended. Medhavi Skills University (MSU) hosted a workshop on the theme Industry-Led Skill-Based Education: A New Paradigm for Atmanirbhar Bharat to celebrate World Youth Skills Day. The discussions emphasised the need for stronger industry-academia collaboration to ensure youth are equipped with practical, job-ready skills. Prin. L. N. Welingkar Institute of Management Development and Research (WeSchool), Mumbai, in collaboration with the Association of Indian Management Schools (AIMS) and Ratan Tata Maharashtra State Skills University, hosted a Women in Leadership for Viksit Bharat summit to recognise the role of women leaders in India's development journey. Convocations and inductions The Sri Sathya Sai University for Human Excellence celebrated its fourth convocation with 111 students receiving their degrees. Sonal Mansingh, dancer and former Rajya Sabha MP, was the guest of honour. IIT Guwahati held its 27th convocation for 2,093 students. Rajendra Singh, D. Houser Banks Professor of Electrical and Computer Engineering, Clemson University, was the chief guest. Sanskriti University, Mathura, hosted a convocation for 35 international students such countries including Namibia, Myanmar, Zimbabwe, Tanzania, Ghana, and Sudan who were awarded degrees across disciplines such as Engineering, Management, Science, and Nursing. The Indian School of Business welcomed its inaugural cohort of 130 students to the 20-month Post Graduate Programme in Management for Young Leaders. K J Somaiya Institute of Management welcomed 676 students for the 2025–2027, across its MBA programmes. Ravi Kant, former MD and Vice Chairman, Tata Motors, was the chief guest. ITM Business School welcomed its MBA batch of 2025–27 with an inaugural ceremony at which industry leaders spoke to the students about topics such as leadership, career development, and the changing world of business. IIIT Hyderabad conducted its 24th convocation for 529 students who received their degrees. Chief guest Debjani Ghosh, Distinguished Fellow, NITI Aayog, and former president of Nasscom, was the chief guest. Prof. Sandeep Shukla was also introduced as the next Director of the institution. IIM Raipur hosted an Orientation programme for 353 students of its MBA 2025–27 batch. Sudeep Dev, CHRO and Executive Vice President at Volvo Eicher Commercial Vehicles, was the chief guest. Laurels The University of Strathclyde has been ranked second in Scotland for Overall Satisfaction in the U.K.'s 2025 National Student Survey. Shoolini University of Biotechnology and Management Sciences, Solan, Himachal Pradesh, was granted Category-1 status by the University Grants Commission under its Graded Autonomy Regulations, 2018. Glion Institute of Higher Education was recognised by the Swiss Accreditation Council (SAC) as a University of Applied Sciences Institute. Shiv Nadar School, Noida, ranked second nationally in the India National Green School Ranking 2025 unveiled by Green Mentors. Students from Galgotias University's Batch 2021-2025 have secured over 135 offers from Wipro's Elite Exclusive 2025 hiring programme. Suraasa, an ed-tech platform enabling global teacher mobility, has been shortlisted for the prestigious Global EdTech Prize by T4 Education. The final awards will be announced on July 31. MoUs and partnerships Medicaps University has signed MoUs with Hettich and Intel to bridge the gap between academia and industry and empower students with practical learning experiences. IIM Nagpur has signed an MoU with the Association of Chartered Certified Accountants (ACCA) to improve the quality and relevance of its Finance and Accountancy programmes. BITS Law School, Mumbai, has signed an MoU with the Ahmadi Foundation to institute the Justice A.M. Ahmadi Gold Medal for Excellence in Alternative Dispute Resolution for students of its B.A. LL.B. (Hons.) and B.B.A. LL.B. (Hons.) programmes. Wintec, New Zealand, has partnered with MSM Unify and Sahrdaya College of Engineering and Technology (Autonomous) in Kerala to launch a transnational programme in Data Science and Intelligent Systems, which will allow students to begin their PG studies in India and transition to a Master's degree in New Zealand. Workfreaks Business School has signed an MoU with AMET University to integrate higher education with real-time industry experience. MiPhi Semiconductors has signed an MoU with the Rajagiri School of Engineering and Technology (RSET) to set up a dedicated MiPhi Innovation AI Lab to focus on advancing applied research in AI infrastructure, semiconductor integration, and GPU-accelerated computing. Acharya Bangalore B-School (ABBS) has partnered with IBM to co-develop and deliver specialised undergraduate and postgraduate programmes in Artificial Intelligence (AI) and Machine Learning (ML). Through this initiative, students will gain practical exposure to key technologies. Vivekanand Education Society's Tulsi Technical Institute has collaborated with Skilling College of Paramedical Education (SCOPE) to launch two additional Bachelor of Vocation ( programmes: three-year in Medical Imaging Technology and three-year in Medical Laboratory Technician.
Mid East Info
15-07-2025
- Business
- Mid East Info
AI is reshaping the work of accountants as automation offers greater opportunities and responsibilities - Middle East Business News and Information
AI will reshape the accountancy profession by changing how tasks are completed at all levels. Leading global accountancy body, ACCA (the Association of Chartered Certified Accountants) says that as AI becomes more commonplace, new responsibilities and tasks will emerge for finance teams as they focus on improving controls and specifying the desired information outcomes from machine use. New roles are also expected to support activities ensuring AI systems remain accurate and compliant with professional standards and regulations. ACCA's latest AI Monitor report explores how the gradual integration of AI over coming years is likely to change how accountants work and deliver value from the automation of repetitive tasks to increased knowledge support for decision making. The report points out that while AI can help make processes more efficient, human intervention needs to be retained at critical junctures. Ultimately, the integration of AI needs to reflect the fact that trust remains a fundamentally social concept built on human interaction, transparency, and oversight. And the future of accounting will involve navigating tensions between efficiency and human judgement, automation and control. Alistair Brisbourne, Head of Technology Research, ACCA, said: 'Professionals who can embrace uncertainty, develop strong judgement skills, and continuously adapt their expertise will thrive even as specific tasks change or become automated.' Brisbourne said: 'It should be remembered that over the decades accountancy has prospered by its intelligent and enthusiastic adoption of the latest technology.' Kush Ahuja, Head of Eurasia and Middle East at ACCA, added: 'Across the Middle East, the profession is embracing AI as a catalyst for transformation. Accountants in this region are increasingly being called upon not only to understand new technologies but to ensure their ethical and effective use. With a strong government focus on digital innovation and sustainable growth, finance professionals here have a unique opportunity to lead in building trust, resilience and long-term value.' The report sets out four key work trends that AI will drive for accountants: A contraction in routine processing; An expansion in strategic and advisory decision-making; An evolution of mid-level roles to incorporate more judgement and client interaction; and New responsibilities at the intersection of accounting, technology and strategy. The future that is unfolding isn't one where finance and accounting professionals are replaced – but one where their responsibilities will change. Success in this transition depends on making clear assessments of where AI will add value, establishing clear policies and governance in use, and the cultivation of skills that complement technical capabilities. ACCA expects that coming years will see organisations develop more integrated workflows based on the principle that AI adoption is not just about distinguishing high versus low-value activities – but focusing on outcomes, quality and value. Brisbourne said: 'Only a minority of finance and accounting teams have implemented AI solutions – but these resources are widely available, and organisations are reviewing opportunities and workforce needs. 'AI adoption is expected to accelerate in coming years, especially as our data shows investment on AI initiatives is increasing, and widespread cloud adoption provides a crucial foundation for AI implementation.' The profession is still in the invention and adoption stage of AI, as demonstrated by investment data and current adoption/usage statistics. And the profession is embracing the learning and employment challenge offered by AI as shown by the recently announced changes to the ACCA Qualification which embraces emerging advances in technology and sustainability. The report adds that widescale use of a general-purpose technology, like AI, may take longer than anticipated.
Zawya
15-07-2025
- Business
- Zawya
AI is reshaping the work of accountants as automation offers greater opportunities and responsibilities
Dubai, UAE: AI will reshape the accountancy profession by changing how tasks are completed at all levels. Leading global accountancy body, ACCA (the Association of Chartered Certified Accountants) says that as AI becomes more commonplace, new responsibilities and tasks will emerge for finance teams as they focus on improving controls and specifying the desired information outcomes from machine use. New roles are also expected to support activities ensuring AI systems remain accurate and compliant with professional standards and regulations. ACCA's latest AI Monitor report explores how the gradual integration of AI over coming years is likely to change how accountants work and deliver value from the automation of repetitive tasks to increased knowledge support for decision making. The report points out that while AI can help make processes more efficient, human intervention needs to be retained at critical junctures. Ultimately, the integration of AI needs to reflect the fact that trust remains a fundamentally social concept built on human interaction, transparency, and oversight. And the future of accounting will involve navigating tensions between efficiency and human judgement, automation and control. Alistair Brisbourne, Head of Technology Research, ACCA, said: 'Professionals who can embrace uncertainty, develop strong judgement skills, and continuously adapt their expertise will thrive even as specific tasks change or become automated.' Brisbourne said: 'It should be remembered that over the decades accountancy has prospered by its intelligent and enthusiastic adoption of the latest technology.' Kush Ahuja, Head of Eurasia and Middle East at ACCA, added: 'Across the Middle East, the profession is embracing AI as a catalyst for transformation. Accountants in this region are increasingly being called upon not only to understand new technologies but to ensure their ethical and effective use. With a strong government focus on digital innovation and sustainable growth, finance professionals here have a unique opportunity to lead in building trust, resilience and long-term value.' The report sets out four key work trends that AI will drive for accountants: A contraction in routine processing; An expansion in strategic and advisory decision-making; An evolution of mid-level roles to incorporate more judgement and client interaction; and New responsibilities at the intersection of accounting, technology and strategy. The future that is unfolding isn't one where finance and accounting professionals are replaced – but one where their responsibilities will change. Success in this transition depends on making clear assessments of where AI will add value, establishing clear policies and governance in use, and the cultivation of skills that complement technical capabilities. ACCA expects that coming years will see organisations develop more integrated workflows based on the principle that AI adoption is not just about distinguishing high versus low-value activities – but focusing on outcomes, quality and value. Brisbourne said: 'Only a minority of finance and accounting teams have implemented AI solutions – but these resources are widely available, and organisations are reviewing opportunities and workforce needs. 'AI adoption is expected to accelerate in coming years, especially as our data shows investment on AI initiatives is increasing, and widespread cloud adoption provides a crucial foundation for AI implementation.' The profession is still in the invention and adoption stage of AI, as demonstrated by investment data and current adoption/usage statistics. And the profession is embracing the learning and employment challenge offered by AI as shown by the recently announced changes to the ACCA Qualification which embraces emerging advances in technology and sustainability. The report adds that widescale use of a general-purpose technology, like AI, may take longer than anticipated. Read How is AI reshaping finance and accounting work? -Ends- For media enquiries, contact: Middle East media contacts: Natalie Glorney natalie@ Sheila Tobias sheila@ ACCA News Room E: newsroom@ About ACCA We are ACCA (the Association of Chartered Certified Accountants), a globally recognised professional accountancy body providing qualifications and advancing standards in accountancy worldwide. Founded in 1904 to widen access to the accountancy profession, we've long championed inclusion and today proudly support a diverse community of over 252,500 members and 526,000 future members in 180 countries. Our forward-looking qualifications, continuous learning and insights are respected and valued by employers in every sector. They equip individuals with the business and finance expertise and ethical judgment to create, protect, and report the sustainable value delivered by organisations and economies. Guided by our purpose and values, our ambition is to lead the accountancy profession for a changed world. Partnering with policymakers, standard setters, the donor community, educators and other accountancy bodies, we're strengthening and building a profession that drives a sustainable future for all. Find out more at:
