ACCA and IIM Mumbai sign MoU to Foster Excellence in Accountancy Field

This partnership embodies a joint passion for elevating accountancy and finance education, and empowering students with global perspectives

Mumbai, July 22, 2024: ACCA (the Association of Chartered Certified Accountants), the leading global accountancy body and the Indian Institute of Management (IIM) Mumbai, announced signing a Memorandum of Understanding (MoU) which forges a partnership aimed at significantly enhancing professional opportunities, and fostering excellence in the fields of accountancy and finance.

Prabhanshu Mittal, ACCA’s Head of Educational Partner Relationships, and Prof. Manoj Kumar Tiwari, Director at IIM Mumbai, officiated the signing, marking a significant milestone in the institutions’ commitment to advancing the accountancy and finance profession globally.

This collaboration aims to leverage the strengths of both institutions to benefit their members and the broader community of accountancy professionals. By combining their expertise and resources, IIM Mumbai and ACCA will create a powerful network that fosters innovation, knowledge sharing, and best practices in the industry.

As a part of this MoU, ACCA and IIM Mumbai will facilitate a range of opportunities for students, including access to ACCA’s professional development and learning resources, facilitating competencies, skills, and training mapping. They will jointly develop strategies and marketing campaigns to promote their global collaboration and work collaboratively to promote ACCA’s training, qualifications and master’s programme. The partnership will also explore new pathways for further education and career enhancement, and enhance employability through capacity-building initiatives. This comprehensive collaboration will empower students to achieve successful careers and become future leaders in their field.

On occasion of the MoU signing, Md. Sajid Khan, Director- India, ACCA, said, “Our partnership with IIM Mumbai marks a significant milestone in our commitment to developing the next generation of accounting and finance professionals. This collaboration underscores our dedication to equipping students with future-ready skills, offering a globally recognized qualification pathway, and fostering a culture of innovation in accountancy education. Together, we’re shaping a forward-thinking educational ecosystem, arming the next generation of finance leaders with expertise, and global perspective required to drive business growth, foster economic resilience, and shape a sustainable future.”

Prof. Manoj Kumar Tiwari, Director, IIM Mumbai added, “We are thrilled to partner with ACCA, a distinguished global professional accountancy body, to offer our students a unique blend of academic excellence and professional expertise. This collaboration will empower our students to navigate the complex and ever-changing landscape of accountancy and finance, thereby enhancing their employability and preparedness for the leadership roles. We are confident that this partnership will have a profound impact on the future of accountancy education and we look forward to a long and fruitful collaboration.”