The ACCA story
ACCA was founded in 1904 in the UK as the London Association of Accountants. In the 1920s and 1930s, ACCA expanded its operations to other parts of the world including India, Pakistan, and Nigeria. In the post-World War II period, ACCA continued to expand globally, opening offices in various countries. In the 1960s, ACCA introduced a new syllabus and examination structure, which aimed to provide a more comprehensive education for accountants.
Evolution of ACCA
Over the years, ACCA has grown to become one of the largest and most respected professional accounting bodies in the world, with over 241,000 fully qualified members and 542,000 future members in 180 countries. Today, ACCA is recognized as a leading provider of professional education and training for accountants, and its qualifications are highly valued by employers around the world.
ACCA and the World
ACCA members have a crucial role in maintaining financial stability, promoting sustainable business practices, driving innovation, promoting ethical practices, contributing to the economic growth and to the betterment of the society.
Contributing to the economy
ACCA members provide financial advice and expertise to businesses, governments, and individuals. They help companies grow, manage their finances, and make strategic decisions. By doing so, ACCA members contribute to the economic growth and development of countries around the world.
Promoting ethical practices
ACCA members adhere to high ethical standards, and their work is guided by the ACCA’s code of ethics and conduct. They promote ethical practices in the accounting and finance industry, which is crucial for building trust and maintaining the integrity of financial systems.
Enhancing financial stability
ACCA members are well versed to ensure financial stability by maintaining accurate and transparent financial records. This helps to prevent fraud and financial mismanagement, promoting economic growth and stability.
Promoting sustainability
ACCA members are encouraged to promote sustainable practices, and many of them work towards reducing environmental impacts while ensuring long-term financial viability.
Driving innovation
ACCA members are at the forefront of technological advancements in the accounting and finance industry. They leverage new technologies, such as artificial intelligence, blockchain, and data analytics, to provide better services to their clients and improve the efficiency of financial systems.