Intuit QuickBooks and ACCA UK (the Association of Chartered Certified Accountants) have signed a Memorandum of Understanding (MoU) which will help ACCA-qualified accountants embrace and benefit from new developments in technology.
ACCA’s small and medium sized practitioners (SMPs) are trusted advisers to businesses across the country and have identified technology, the development of skills and talent and their own growth strategies as the biggest challenges they currently face.
The MoU will help address these challenges as ACCA and QuickBooks jointly explore how they can support the development of talent, with a particular focus on the technological changes and innovations within businesses and the importance of building networks.
Claire Bennison, head of ACCA UK says: 'Digitalisation alters not just the way accountancy is done, but also the structure and purpose of accountancy firms. For ACCA, it’s important that as a professional body, we listen to the needs of our members – and so this partnership with QuickBooks will enable us to help our SMPs embrace change, transforming how they work with clients and develop their teams.'
The uptake of big data analytics, artificial intelligence and machine learning within financial management software is shifting the capabilities and speed of the work, optimising the likes of optical recognition, voice search and mobile. The impact on practices and the pace of this change is staggering; this collaboration will help members take advantage of this moment and, digital advancements, to better serve their clients.
Rob Burlison, Director of Corporate Affairs at Intuit QuickBooks, says: 'I am delighted that we are in partnership with ACCA, specifically about the benefits we can bring. As the global leader in cloud accounting software we feel we’re uniquely placed to offer best in class support, market insight and the most innovative suite of products to the collaboration. As the industry accelerates its transformation and increases its use and adoption of digital, joint ventures like this have never been more vital to help accounting professionals develop and prosper.'
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ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA supports its 219,000 members and 527,000 students (including affiliates) in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 110 offices and centres and 7,571 Approved Employers worldwide, and 328 approved learning providers who provide high standards of learning and development.
Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.
ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com
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