The Association of Chartered Certified Accountants (ACCA) has launched a new online system for students to record their practical work experience gained in the accountancy and finance industries. The new system takes over from the Trainee Development Matrix (TDM) and the Annual Return forms needed to pass the ACCA Qualification. Head of ACCA Pakistan, Arif Masud Mirza, says.
"An ACCA-qualified accountant needs to pass exams, complete an ethics module, and they also need to show they possess relevant, practical work-based experience. This programme helps them to demonstrate to ACCA that they have applied their knowledge to the workplace and that they have practical as well as technical skills. This practical experience can be gained before, during or after completing exams - but the whole point is to capture experience in 13 professional competences required by the qualification which must be gained over the 36 months required."
'My Experience' was designed to make it easier for students to record their new skills and knowledge gained while completing the ACCA Qualification - it was literally a diary of performance, he said. The new system was developed after consultation with students who used previous methods to keep track of their work experience needed to complete the ACCA Qualification. Arif Mirza said, "'My Experience' will make it much easier for students to keep an accurate record of their work experience, and update their skills base. It is vital to keep this experience up-to-date so that students can get to full membership more quickly. Regular use of the product shows the experience already gained and shows how much more if left to complete to pass the ACCA Qualification fully."-PR