• Thursday, March 28, 2024
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BusinessDay

ACCA demonstrates commitment to human capital development, slashes fees by 60%

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Association of Chartered Certified Accountants (ACCA) has, in a very significant way, demonstrated its determination to growing human capital in finance management by slashing its fees by as much as 60 percent.

The global professional body says the fee reduction will not only apply to the access fees for new students, but also to their subscription fees for the first year.

In addition, the association has also introduced a new pricing structure for exemptions, adding that by modifying its prices, employers who engage ACCA students will derive more value from their employees.

“This is an exciting development for ACCA where we have placed accessibility and affordability at the heart of our offering to students. We have worked to ensure that the product and price are right, and we have done this by listening to feedback, especially from students,” Toyin Ademola, head of ACCA Nigeria, told journalists at a forum designed to unveil the new price regime.

The global fast-growing international accountancy body, with over 300,000 students and members, is also confident that the new product and pricing structure will have a significant impact on organisations, as employers who already support and work with ACCA and those considering partnering the association will henceforth have more certified professionals to engage.

Ademola further explains that the consultation of employers and learning providers before the new development also meant that the fees for students would hence be competitively priced.

According to her, the new development further reaffirms the institute’s commitment to building and sustaining the accountancy profession in Nigeria.

“ACCA has a treasured and long-held value – that of opportunity. Our new pricing structure is modelled on this value, as it offers more young professionals the opportunity to study to become qualified chartered certified accountants,” she says.

ACCA supports its 178,000 members and 455,000 students in 181 countries, helping them to develop successful careers in accounting and business, with the skills required by employers.

The Association also works through a network of 95 offices and centres and more than 7,110 approved employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.