Renewal of Memorandum of Understanding to strengthen cooperation between ACCA and HKU Business School
Encourage the next generation of responsible accounting and financial leaders to contribute to a sustainable economy
In order to strengthen mutual cooperation and nurture the next generation of talent in accounting and finance, ACCA (Association of Chartered Chartered Accountants) and HKU Business School today signed a Memorandum of Understanding (MoU). This is a renewed memorandum of understanding between the two parties after the first memorandum of understanding signed in August 2018.
This partnership agreement stems from the fruitful relationship between the two parties since 2018, making HKU Business School the first institution in Hong Kong to integrate the innovative “ Strategic Business Leader ” exam of ACCA Qualification into its curriculum. of Master of Accounting (MAcct), with global resources and support from ACCA, including educational tips, case studies and learning materials. At the same time, the program obtained the maximum exemptions from ACCA papers at the “ Fundamental ” level, where graduates of this program (2019-2023) are entitled to the exemption of nine ACCA papers. The two sides have also partnered to develop and attract the best talent from the region, improve students’ strategic professional capacities, improve their ethical and professional skills and increase their employability in the career market.
With the economic concern over the Covid-19 crisis, there is, however, a silver lining as the pandemic has brought the role of business increasingly to the fore. Businesses must now play their part in rebuilding economies, helping societies to prosper and creating jobs. For accounting, this is a great opportunity to attract new young talent into a global profession that is reoriented for the modern world of work.
This new Memorandum of Understanding signifies the commitment of both parties to further encourage the strategic partnership by promoting the diversity of the international student base and boosting global competitiveness and student employability.
Ms Helen Brand OBE, Chief Executive Officer of ACCA, said: “ As a forward-thinking and innovative global accounting body that provides premier qualifications to people of ability and ambition, ACCA is firmly committed to equipping future finance professionals around the world. to be the most valued, up-to-date, and sought-after talent, and we are happy to share this vision with HKU Business School. We are also united in a common goal of developing a capacity for responsible and impactful leadership. We could not renew our adherence to this MoU at a more important time for the global economy. The challenges of the pandemic have led business and finance professionals to play a key role in driving a sustainable future. As we deepen this important partnership, we look forward to truly bringing academics and professionals together, showing the interdependence of how HKU and ACCA work together on a global scale – for the benefit of students, the profession and the economy. ”
Professor Hongbin Cai, Dean of HKU Business School, said, “ Despite the challenges of the local, regional and global economy in recent years, our Master of Accounting program has continued to grow from 64 students. in the first class to more than 300 new students in the next academic year, five times our first cohort. In addition, our academic and research capacities in accounting and law have been strengthened with the arrival of new academics from all over the world. All of this contributes to the overall development of HKU Business School. The first Memorandum of Understanding signed between ACCA and HKU Business School three years ago has helped improve students’ business knowledge, learning experience and professional network. I believe that the signing of the new MoU will further strengthen our strength to provide support to our students and enable us to reach new heights in the future.
This press release is issued on behalf of HKU Business School and ACCA by Locus Communications Ltd.