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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