The Evolution Of ACCA Over The Years

VIFHE

ACCA Purpose and Values

As the world changes with rapid uncertainty, the accountancy profession is compelled to adapt to these changes, and the roles of professional accountants become more important than ever before. ACCA is a leader of the global accountancy profession that aims to create value for society and, at its heart, does everything that supports the public interest. With this concept at its core, Acca has become what it is today. a leading accounting body.

The values Acca is founded on are inclusion, integrity, and innovation. The accounting profession needs strategic thinkers who can adapt to technological and global changes, and ACCA develops its members to meet this criterion. The ACCA qualification is constantly evolving and adapting to meet the changing needs of the accounting profession. It provides professional competency in addition to technical and financial competency, which is highly valued by employers.

The Members and Students Value

The profession has spread to over 176 countries around the globe, and under the umbrella of its thriving community, it has acquired approximately 227,000 members currently and approximately 544,000 potential members. As a leading innovator in the accounting profession, ACCA equips its students and members with digital capabilities to thrive in the modern work environment via its continuing professional development program.

The ACCA qualification fosters professional skills in its members and students that go beyond a technical approach and incorporate ethical values, which they need to make a difference. The ACCA exam journey has moved towards digital development. As the paradigm of the accounting profession shifts, employers expect ACCA members to possess digital skills. Consequently, ACCA incorporates gamification technology in its digital (EPSM) program to assess members' professional skills in realistic business situations.

Also throughout its journey, ACCA introduced computer-based assessments using digital platforms such as spreadsheets, word processing, and email while maintaining the ACCA Qualification's quality, relevance, and values as a top priority. As part of its innovation, ACCA provides milestone qualifications so its members and students can develop both academic and professional perspectives. This will allow them to avail themselves of unique career opportunities.

Here are the names of these qualifications:

● ACCA Diploma in Accounting and Business.
● Advanced Diploma in Accounting and Business.
● BSc(Hons) degree in Applied Accounting.
● Masters in Professional Accountancy.

If you are interested in these qualifications, explore our ACCA online courses and enroll yourself today.

Inclusion In Focus

From a career in finance and accounting perspective, ACCA aims to create values for its students, members, and society as a whole: Here's how it creates values:

  • It offers development programs to keep its members up-to-date.
  • Their research and insight make sure they stay at the top of their profession. Also, stringent regulations are adhered to by the members, so employers know they work to internationally recognized standards.
  • The ACCA qualification provides sufficient diversity so that finance professionals can work internationally in any sector.
  • ACCA contributes to shaping public policy and plays an integral role in developing international educational standards. Throughout its history,
  • ACCA has built valuable partnerships. This has helped it to deliver its qualifications and services internationally at the top standard.


ACCA has established a learning community so that fellow students around the world can connect, share tips, and support each other during exams. Furthermore, institutes such as VIFHE offer ACCA online classes with advanced LMS systems and crash courses, allowing you to learn at your own pace while preparing for your exams.

Conclusion

Every initiative ACCA has taken till now has been focused on its core values of inclusion, integrity, and innovation. These values have given ACCA the direction it needed to evolve and stand at top of accountancy.