ICAI collaborates with CBSE : This study material includes modules such as “Fundamentals of Financial Planning,” “Banking and Credit,” “Understanding Financial Statements,” “Basics of Taxation,” “Investment Planning,” and “Retirement Planning.”
ICAI collaborates with CBSE : Introduction
ICAI collaborates with CBSE to promote financial literacy : The Institute of Chartered Accountants of India (ICAI) is set to forge a significant partnership with the Central Board of Secondary Education (CBSE), aiming to introduce financial literacy and independence to school students. Aniket S Talati, the President of Institute of Chartered Accountants of India, made this announcement during the National Education Summit on Commerce & Accountancy (NES-CA) held in New Delhi on January 22 and 23. The collaboration includes the signing of a Memorandum of Understanding (MoU) between ICAI and CBSE on February 8, with the objective of providing career counseling in CBSE schools and developing course content for students.
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Partnership overview
ICAI collaborates with CBSE to promote financial literacy : Institute of Chartered Accountants of India’s collaboration with CBSE is multifaceted, focusing on equipping students with the necessary knowledge and skills for financial independence. The MoU aims to raise awareness about the Chartered Accountancy course and potential career opportunities within the field. To achieve this, ICAI will conduct career counseling sessions in CBSE-affiliated schools, shedding light on the significance of pursuing a professional course in chartered accountancy.
In addition to career counseling, Institute of Chartered Accountants of India will develop course content for CBSE schools, comprising modules and videos. The goal is to enhance financial literacy among students through comprehensive study material titled “Aarambh: A Step Towards Financial Independence,” which was officially launched during the NES-CA 2024 event.
Study material details
ICAI collaborates with CBSE to promote financial literacy : “Aarambh” serves as a comprehensive guide for students, covering essential topics related to financial planning and decision-making. The study material includes modules such as ‘Fundamentals of financial planning,’ ‘banking and credit,’ ‘understanding financial statements,’ ‘basics of taxation,’ ‘investment planning,’ and ‘retirement planning.’ By integrating these modules into the school curriculum, Institute of Chartered Accountants of India aims to empower students with the skills needed to navigate the complex world of finance.
Institute of Chartered Accountants of India’s commitment extends beyond CBSE schools, as the institute plans to sign MoUs with 11 universities during the NES-CA 2024 event. Through these collaborations, Institute of Chartered Accountants of India will provide support to universities and colleges in various aspects, including the development of Commerce syllabi, content creation, online and recorded lectures, and faculty development programs.
Acknowledgment and future endeavors
ICAI collaborates with CBSE to promote financial literacy : Prof Deepak Kumar Srivastava, appreciating Institute of Chartered Accountants of India’s pivotal role in promoting financial transparency, accountability, and good governance, emphasized the need for accounting professionals to possess diverse skills aligned with global job market requirements. The University Grants Commission (UGC) is closely working with Higher Educational Institutes (HEIs) to integrate skilling into higher education and introduce short-term industry-relevant courses.
As the partnership between Institute of Chartered Accountants of India and CBSE unfolds, it is expected to lay the foundation for a robust ecosystem that nurtures skilled professionals capable of meeting the dynamic demands of the global job market. This collaborative effort aims to bridge the skill gap and contribute to the holistic development of students pursuing commerce and accountancy courses in India.
Conclusion
ICAI collaborates with CBSE to promote financial literacy : In conclusion, the partnership between Institute of Chartered Accountants of India and CBSE, along with the launch of the study material, marks a pivotal moment in fostering financial literacy and independence among students. The collaborative efforts between ICAI and educational institutions are poised to shape a skilled and knowledgeable workforce ready to meet the demands of the ever-evolving global economy.
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