ACCA and the International Baccalaureate Organization (IBO) have signed a Memorandum of Understanding (MOU) that creates an “accelerated” pathway for IBO students into an accounting career.
It revealed the agreement will see the creation of an International Baccalaureate Career-Related Programme (IBCP) with ACCA.
This means that IBO students who are seeking an accelerated pathway to a career in accounting, finance and assurance can get a “head-start” through the IBCP with ACCA’s Diploma in Accounting and Business (DIAB) Regulated Qualifications Framework (RQF) Level 4.
ACCA’s DIAB covers a “wide variety” of business and finance subjects, including technology and digitalisation, alongside core financial and management accounting subjects.
ACCA said the MOU will create opportunities for young people as the future of the accountancy profession, with the agreement aligning to ACCA’s commitment to UN SDG 4 Quality Education, which is one of the nine ACCA has pledged to achieve by 2030.
Pulkit Abrol, director, ACCA, said: “We are very pleased to sign this MOU with the IBO as it brings great benefits. ACCA and the IBO share similar values and missions, including a drive to increase access to education for young people.
“This programme exemplifies these values of inclusion, integrity and innovation, and offers students an excellent route to ACCA membership in the future. This is a unique pathway to eventually qualifying as a professional accountant.”
Haif Bannayan, global director, IBO, added: ‘We are delighted to be partnering with the ACCA to introduce students to high quality accounting and business practises.
“The CP blends academic study with specialist courses from leading professional bodies and other institutions enabling students to develop the necessary skills to pursue their career objectives. It also instils confidence, social responsibility, and a sense of purpose. These elements are an integral part of a future oriented curriculum.”