The Association of Chartered Certified Accountants (ACCA) penned a Partnership Agreement with Talent Corporation Malaysia Berhad (TalentCorp) on September 3rd, 2015.
The ACCA is a London-based international association for professional accountants boasting 178,000 members and 445,00 students spanning 180 countries, with kore than 80 active global accountancy partnerships. Although the ACCA has a long-standing history dating back more than a century, TalentCorp is still in its relative infancy. Established in January 2011 by Malaysia’s Prime Minister’s Department, TalentCorp seeks to foster talented individuals and interject them in positions best suited for the country’s economic pursuits.
Essentially, this newest partnership will create a financial fund allowing 1,000 Malaysian students to complete their ACCA Qualification studies. However, the students must have undergraduate status and also register with the ACCA Accelerate scheme to qualify for said funding.
The partnership will ostensibly provide roughly $471,000 GBP, or $718,536 USD in financial assets to future students. According to the ACCA, those granted acceptance into the program receive the following perks:
- Sponsorship of initial registration fee
- Two years of annual ACCA subscriptions
- Patronage of two Professional Level paper examination fees
Despite the obvious advantage allotted to students, Stephen Heathcote, the executive director for ACCA, also wants to emphasize how potential employers likewise benefit from the partnership. In effect, they can now be confident in the knowledge that in the very near future there will be at least 1,000 highly skilled, well prepared accountancy job candidates ready to strengthen the country’s workforce.
As an added bonus, the ACCA also intends to renovate its online portal options to include matching ACCA Accelerate scheme students to potential employers by advertising job postings. CEO of TalentCorp, Johan Mahmood Merican, views the partnership as an ideal example of how education and industry can work in synchronicity to build a better, more professional accountancy community.