ACCA launches new professional development diploma for financiers

The Association of Chartered Certified Accountants (ACCA) has launched a new professional development diploma for financiers in Central Asia. It includes exams only in Russian, therefore, for admission, a financial officer or a university graduate with a financial specialty does not need knowledge of English. This means that even more professional financiers with diplomas from a large international association recognized throughout the world will appear in domestic companies.

Who and why needs employees with ACCA diplomas and qualifications

ACCA has been bringing together specialists from different companies around the globe for over a hundred years. Today, 219 thousand professionals from 179 countries of the world are members of it, and 527 thousand people study according to its programs. ACCA qualification is recognized all over the world and for any employer is a quality mark and a guarantee of reliability and professionalism. During its existence, the association has collected world practice and created a knowledge base on which its educational programs are based acca test.

“The ACCA Diploma“ Finance and Business Management ”is an opportunity for Russian-speaking specialists to gain advanced world knowledge. This diploma will be a bridge for obtaining ACCA already in English. And most importantly, after passing each exam, the specialist will receive an internationally recognized certificate. In total, you can receive six such certificates within the framework of the new diploma, ”said Otabek Mukhammadiev, Managing Partner of PwC in Uzbekistan.

Previously, only one ACCA exam could be passed in Russian - on the basics of international financial reporting (DipIFR Certificate). Someone stopped at obtaining the DipIFR certificate, someone preferred to postpone their studies until they solved the problem with the language barrier. As many employers say, this applies to a large number of promising employees.

“Today, specialists with professional qualifications are considered especially valuable employees in the labor market. In the staff of our company, more than 200 people are engaged in accounting. Some of them already have one or another ACCA diploma. There are also quite a few people who would like to improve their competence by obtaining an ACCA diploma. However, the main obstacle is usually the English language, ”said Khamza Tukhsanov, head of the IFRS implementation department of Uzbekneftegaz JSC.

Khamza Tukhsanov explains that holders of the ACCA diploma "Finance and Business Management in Russian" in employment will have significant advantages over the employer, because the new diploma is a sign of the quality of the knowledge and skills necessary for any financier.

How the new diploma differs from other ACCA programs

The diploma includes six exams and an additional module "Ethics". They are fully adapted analogs of the ACCA English-language exams from the list of disciplines for obtaining a full qualification. But at the same time, to obtain the ACCA qualification, it is necessary to pass 13 exams, and only a part of them were included in the new Russian-language program. Since all tasks and materials for exams in Russian coincide with the corresponding exams in English, upon further admission to the full ACCA qualification, holders of the Finance and Business Administration diplomas receive an exemption from those disciplines that they have already passed.

The holder of the diploma will be able not only to independently draw up any types of financial and management reporting, but also to competently conduct an analysis, manage the efficiency of individual processes or the entire company, calculate risks and minimize them based on this data.

A must for all students, the Ethics Module will introduce ACCA students to current ethical and professional norms and help guide decisions based on them. This is exactly what was taken into account when drawing up the diploma "Finance and Business Management".