ACCA outlines success principles for 2017

The Association of Certified Chartered Accountants (ACCA), a partner of Finance Indaba Africa 2017, has published a checklist to tackle the political uncertainties of 2017, including Brexit negotiations.

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ACCA is the global body for professional accountants. It offers business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 188 000 members and 480 000 students in 178 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 100 offices and centres and more than 7 110 Approved Employers worldwide, who provide high standards of employee learning and development.

The checklist for policy-makers, business leaders and professional accountants includes securing the skills of accountants; promoting transferable skills within apprenticeships; and for accountants to address rapidly changing business needs.

John Williams, head of ACCA UK, said: "The focus on skills in the wish list reflects the increasingly vital role professional accountants play in the wider UK economy. Accountancy professionals must gear up for years of uncertainty and build upon existing competencies to offer trusted, technically advanced advice as businesses prepare to navigate changing trade relationships, new regulatory environments and put together reliable financial forecasts."

The ACCA stated that forward-looking strategic finance professionals are needed at the very heart of firms.

A 2016 ACCA report revealed that new business expectations, globalisation and digital connectivity required accountant to expand their skills-sets and shape strategy. The priorities for 2017 reflect the need for professional development.

Williams added:

"With big changes comes opportunity. Continuing to develop skills and hone core capabilities should be central to plans for both practising and aspiring professional accountants."