ACCA, the Association of Chartered Certified Accountants, is a globally recognised accounting body that provides qualifications and helps improve accounting standards worldwide. It comprises a diverse community of over 252,000 current members across the world.
Sundaram Business Services received the award of ACCA Approved Employer-Trainee Development, GOLD, valid from August 20th, 2024.
Why is this recognition important?
The ACCA Approved Employer programme recognises the employer’s high training and development standards. This award also ensures that the organisation’s employees have the right skills, ethics, and competencies to add value and drive business worldwide forward.
We will look into the benefits acquired by Sundaram Business Services for achieving the Approved Employer Status.
- As an ACCA Approved Employer, SBS will join ACCA’s global network of 773,000 members and future members across 181 countries.
- This award also registers that SBS offers the best professional, technical, and ethical skills, adding value to drive the business forward.
- SBS will continue to attract and retain high-quality graduates and finance employees, elevating the company already established position.
- This award remains a testament to how SBS values its employees. It is evident that as an ACCA Approved Employer, SBS can build future-ready business professionals.
- This award also gives our aspiring team members the right skill transformation opportunities to help them stay ahead in the industry.
What is the importance of achieving performance objectives for ACCA trainees?
Performance objectives are benchmarks for effective performance that trainees need to achieve. They ensure that the knowledge developed through exams will have clear application in the workplace. Trainees are required to complete nine performance objectives, five of which are essential and four of which are technical. We have completed five essential and seven technical objectives.
Essential objectives:
1. Ethics and professionalism
2. Stakeholder relationship and management
3.Strategy, innovation and sustainable value creation
4.Governance, risk and control
5.Leadership and management
Technical objectives
1. Corporate and business reporting
- Record and process transactions and events
- Prepare external financial reports
- Analyse and interpret financial reports
2. Financial management
- Evaluate investment and financial decisions
- Manage control working capital
- Identify and manage financial risk
3. Management Accounting
- Evaluate management accounting systems
- Plan and control performance
- Monitor performance
4. Taxation
- Tax computations and assessments
- Tax compliance and verification
- Tax planning and advice
5. Audit and assurance
- Prepare for and plan the audit and assurance process
- Collect and evaluate evidence for an audit or assurance engagement
- Review and report on the findings of an audit or assurance management
6. Advisory and consultancy
- Business advisory
7. Data, digital and technology
- Data analysis and decision report
Sundaram Business Services is committed to continually upgrading itself with industry best practices. The ACCA accreditation happened at the right juncture, as this accreditation recognizes SBS’s quality staff training and development. Also, SBS has met the essential performance objectives required by the ACCA.
Accreditations and recognitions are a part of Sundaram’s 20 years of experience serving clients globally. We extend our expertise across F&A, SMSF, portfolio management, and mortgage services.
Sign up for our newsletter
Add your email to receive our monthly newsletter.
