Association of Chartered Certified Accountants (ACCA) has come up with a new module set to enable Nigeria’s accounting students record skills online during training.
The system, called ‘My Experience,’ takes over from the Trainee Development Matrix (TDM) and the Annual Return forms needed to pass the ACCA Qualification.
It will enable easy recording of Practical Experience Requirements (PER) during the the accounting training sessions.
ACCA Nigeria country manager Oluwatoyin Ademola said the programme would help the students demonstrate to ACCA that they have applied their knowledge to the workplace, and that they have practical as well as technical skills.
An ACCA-qualified accountant needs to pass exams, complete an ethics module and to show they possess relevant, practical work-based experience.
Previously, students needed to complete a PER return each year, and this could be done either online or using the PER return paper. With My Experience, users can now record their progress as they proceed.
The new system, ACCA says, was developed after consultation with students who used the previous methods to keep track of their work experience and needed to complete the ACCA qualification.
Practical experience can be acquired before, during or after completing exams, provided the 13 professional experiences required to qualify are captured over the 36 months required.
The system comes up with a pop up screen, which reminds users to record their progress, as they log into myACCA, ACCA’s global system for accountants.
ACCA has ensured that My Experience meets the practical experience requirements of the International Federation of Accountant (IFAC’s) International Education Standards on practical experience.p>
My Experience will be supported by ACCA customer service staff who have been trained in using the system so they know first-hand how to answer any questions students may have about it.
Currently, ACCA boasts of over 147,000 qualified accountants under their body worldwide.