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ACCA Develops Competency Framework for Finance Professionals

17 Jul 2013

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ACCA's Nigeria Country Manager, Mrs. Toyin Ademola

Obinna Chima
The Association of Chartered Certified Accountants (ACCA), a global professional accounting body, has said it launched a competency framework for finance professionals.

ACCA's Nigeria Country Manager, Mrs. Toyin Ademola, who spoke to journalists in Lagos recently, said the product was launched following a survey that was conducted by the association.


According to her, respondents from the survey, who were chief finance officers (CFOs) and chief executive officers (CEOs) across the globe, said what they needed was the “complete finance professionals.”

“We have the competency framework in our syllabus and we found out that it is in line with what the employers want. We believe that any accounting syllabus should actually cover those areas. That is what the CFOs want. We are also going to be using that as a means to talk to our students because we discovered that right now, it is about having a combination of skills. The CFOs that we spoke to in the survey said they want the complete finance professionals.

“We found out that basically what they want are skills in financial management, management accounting, leadership skills, professionalism and ethics. The technical skills do matter, but they also want somebody who can do stakeholders’ management and social networking skills,” she explained.

Continuing, she argued that what most CEOs are looking for include leadership and management, strategy and innovation, financial management, law and taxation, audit and assurance, governance risk and control, human relationship management, professionalism and ethics.  

Tags: Business, Featuered, Nigeria, ACCA

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