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Wednesday, 9 January 2013

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ACCA's Foundation in Accountancy at Mercury Institute

ACCA 's Foundation in Accountancy, is a flexible suite of entry-level awards designed with both, students and employers in mind and was introduced after detailed consultation with employers, learning providers, members, students and other professional accountancy bodies and regulators.

Retaining a revised Certified Accounting Technician (CAT) Qualification, Foundation in Accountancy provides grounding in financial and management accounting, with professionalism and ethical behavior at its core.

The Mercury Institute of Management, the only platinum approved tuition provider for ACCA in Sri Lanka explained the many benefits of this qualification and it's recognition amongst employers today. "For students, the flexible range of entry points means that they can begin at an appropriate level, avoiding duplication, so saving time and money in the long term,' stated Jeevith Shakespear, the Managing Director of Mercury.

"For the first time, Foundation in Accountancy will see certifications awarded at each level, helping students to chart their progress, and employers to recruit and train to meet their particular business needs. The highly practical content means that the knowledge students acquire can be directly applied in the workplace, offering immediate benefits to existing and prospective employers," he added. He further explained that students also have the benefit of being able to complete qualifications in their own time, selecting those which best suit their own career aspirations as flexibility is a key feature of the qualification in terms of assessment delivery and level of progression.

"Employers need to know that they are taking on competent employees in account-support roles, and they can be assured that this qualification will train individuals to a high standard of the full ACCA Qualification.

Employers can also be confident that candidates know how to conduct themselves professionally and ethically in the workplace, because completing the Foundation in Professionalism, the element is a prerequisite of receiving certification for any of the awards within Foundation in Accountancy," Shakespeare further added, outlining the benefits that an employer will be gaining.

The CAT qualification of ACCA provides a route to enter the professional course for students who have just sat for the O/Levels. The course equips the student with the technical skills and knowledge for a support role in Accountancy. It is a qualification in itself and entitles the student to use the designatory letters CAT. On completing the CAT course, the student proceeds with the professional course and also gains the Hons. Degree in Applied Accounting from Oxford Brooks University, UK. All these qualifications are collected whilst the student progresses with the G.C.E. A /Level while at school.

"The accountancy profession is constantly evolving to meet the demands of how businesses operate today. The accounting technician of today and tomorrow needs a rigorous and flexible qualification to help them contribute to business performances and an ever-changing business landscape. Therefore, Mercury was established as a business venture," Shakespear concluded.

 

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