New salary and career survey shows employers welcome the skills of ACCA accountants
Research in the latest salary survey from ACCA shows career aspirations can be met in uncertain economic times. ACCA students and affiliates around the world frequently earn salaries that exceed the national average across other professions, states the latest students and affiliates salary and career survey 2012 from ACCA.
The report’s findings capture information on the salaries, bonuses and benefits of ACCA students and affiliates, including students studying for the foundation level qualifications around the world. The report also records their typical working hours, their career plans and priorities.
The survey received 22,379 responses from ACCA students and affiliates who participated in an online survey conducted in the late second quarter of 2012.
To read the global and country-specific reports, please click here
The ten Must-Do’s for businesses and the accountancy profession in the decade ahead
Businesses and the accountancy profession will need to be better prepared to anticipate and respond to the unprecedented challenges of a volatile global economy while seeking and capitalising on opportunities, according to a survey of finance professionals around the world.
Global finance professionals were asked to identify the key factors they should be thinking about to prepare for in the next five to10 years, with responses helping to create the new study, 100 drivers of change for the global accountancy profession, by ACCA’s (the Association of Chartered Certified Accountants) Accountancy Futures Academy.
To read more about the 10 ‘must dos’ for businesses and the profession to effectively weather volatility and shocks while reaping the benefits of existing opportunities, please click here
ACCA Report: Talent management in the shared services world ‘ineffective’
The adoption and effectiveness of talent management practices across the finance function - from shared services to the retained finance function - is patchy and inconsistent, finds ACCA in a global survey of finance functions, called Talent management in a shared services world: 2012 survey.
Surveying 1,200 organisations, with one third representing companies reporting more than $3 billion in annual revenues, the research shows that 72 per cent of respondents say they do not implement talent management programmes across the entire function, or admit that they are not aware of such programmes existing.
Of the remaining 28 per cent of respondents who said they do have a talent management programme across the entire finance function, only one third of these say their programmes are effective.
To read the survey report, please click here
PER: A New Experience
No more annual PER returns and self-updating capabilities are the highlights of an overhaul to the online Trainee Development Matrix (TDM) for ACCA students completing their Practical Experience Requirements (PER).
Renamed My Experience, the former matrix will remain accessible via myACCA, and a reminder pop-up will prompt trainees to update their own experience status regularly, removing the need for annual PER returns. Trainees can also see at a glance how many months of relevant experience they have left to complete.
For more information, please click here
Accountancy profession will continue to lose credibility if it fails to demonstrate value to public
The accountancy profession will continue to lose credibility if it fails to educate the public and its stakeholders of its value and take steps to rebuild trust in the industry, finds new research launched by ACCA called ‘Closing the Value Gap’.
In recent years, the role of the accountant has evolved significantly in line with changing regulation and business law, but the research shows there is a perception gap between the profession and the public when it comes to the issue of trust.
Three-quarters of accountants believe that the general public consider them to be trustworthy, while just 55 per cent of the public agree highlighting the huge gap between how the industry sees itself and what the public actually thinks.
This is in part due to a lack of understanding of the role that accountants play in driving the success of businesses of all sizes, which are so crucial to economic growth and recovery.
To read more about the steps that can be taken to close that gap by the profession as a whole, and by individual accountants themselves, please click here.