The AUC School of Business Accounting Department has just received a three year accreditation by the Association of Certified Chartered Accountants (ACCA) in the UK.
The Association of Certified Chartered Accountants (ACCA) accreditation has been granted to the department of accounting for the period of January 12, 2017 to December 2019, reaffirming the quality of the accounting program at the AUC School of Business and making it the first ACCA accredited university program in Egypt.
The Association of Chartered Certified Accountants (ACCA), founded in 1904, is a global professional accounting body offering the Chartered Certified Accountant qualification. The association has more than 188,000 fully qualified members and 480,000 students worldwide.
A committee of three AUC accounting professors including Mohamed Basuony, associate professor of accounting, Moataz El-Helaly, visiting assistant professor of accounting and Nermeen Shehata assistant professor of accounting, worked diligently on securing the accreditation.
"The ACCA is very timely and aligns our mission with the school's towards more internationalization.” states Khalid Samaha, chair of the department of accounting adding that, “it is the function of leadership to insure faculty are at the center of doing things to give their work meaning."
ACCA has approved to exempt AUC accounting graduates from eight out of fourteen exam papers where maximum exemption is nine to gain the ACCA qualification. This provides a great opportunity School of Business students,
graduating in or after January 2017, registering with ACCA examinations who will receive a level of exemption which matches the knowledge and skills gained from their previous qualifications.
This achievement reflects a lot on the strength of the bachelor of accounting program and is evident of the quality of the accounting courses delivered. It also reflects how the program incorporates practical and professional aspects of the profession that helps the students to become distinguished and knowledgeable accounting professionals.
The department has also recently received endorsement from the Institute of Management Accountants (IMA) which recognizes business curricula that meet the quality educational standards required to enable students to prepare for the Certified Management Accountant (CMA)
“Having these two accreditations makes the Chartered Accountant (CA) and the Certified Management Accountant (CMA) certifications much more accessible and much easier to get by our accounting graduates, which opens the doors for them to become certified auditors worldwide. Hearty congratulations to the Department of Accounting and to the School for this well-deserved achievement.” Said Nizar Becheikh, AUC School of Business interim dean highlighting the importance of the ACCA and the IMA recognitions.
The Bachelor of Accounting (BAC) is the youngest academic program offering of the AUC School of Business, launched in 2009 and have graduated over 700 alumni. The program aims to provide conceptual and practical knowledge to graduates who go on to prepare, report and analyze economic and financial information used for making sound managerial decisions.