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Department of Accounting at AUC's School of Business Receives ACCA Accreditation

Feb 26, 2017

The Department of Accounting at the AUC School of Business has just received a three-year accreditation (January 1, 2017 - December 31, 2019) by the Association of Certified Chartered Accountants (ACCA) in the United Kingdom.

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 under the supervision of Khaled Samaha, chair of the Department of Accounting on securing the accreditation.
 
"The ACCA is very timely and aligns our mission with the school's mission, which is towards more internationalization," states Samaha, adding that, “It is the function of leadership to insure faculty are at the center of doing things that gives their work meaning."
 
The ACCA has agreed that AUC accounting students - who will graduate on or after January 1, 2017 - will be exempt from eight out of the fourteen exams, (where a maximum of nine exams are eligible for exemption to gain the ACCA qualification). This provides a great opportunity for our accounting graduate students registering with the 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 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 to 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 accreditations.

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. 

The Bachelor of Accounting (BAC) is the youngest academic program offered at the AUC School of Business. It was launched in 2009 and has 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.