Marvin OnumonuICAEW has launched the Next Generation ACA qualification, aiming to make sure members have the skills needed as technology and sustainability change the workplace.
The update brings technology, sustainability and ethics into the syllabus, and lets students tailor their learning to their own needs.
Alan Vallance, CEO at ICAEW, said: “Our first students took their exams on Monday morning, and they’ll go on to be the first to complete this new dynamic qualification and become the leaders of tomorrow – facing complex challenges, embracing opportunities and driving change in an evolving world.”
The updated version adds a dedicated module on sustainability and ethics at certificate level.
Richard Spencer, director of sustainability at ICAEW, said: “Accountants play a key role in the shift towards a net-zero world.
“That’s why sustainability and non-financial assurance must be embedded in qualifications like the ACA.”
The module covers non-financial reporting, financial metrics and key ethical principles.
Case studies at professional and advanced levels build on this to show how to handle real-world ethical dilemmas.
A main change is the introduction of specialised learning.
Students must now complete at least 30 units of specialised learning during training, using new e-learning resources.
Shaun Robertson, director education and qualifications at ICAEW, said: “Developed following consultation with thousands of students, members and employers, this new element of the ACA allows the qualification to be tailored to the needs or interests of those studying.”
Andrea Cook, director, specialised and lifelong learning at ICAEW, said: “The Next Generation ACA is adaptive and flexible, meaning that students and employers can be confident that they have access to up-to-date support on areas that matter to their role and career aspirations.”
ICAEW has also changed how professional skills are taught.
The ACA now covers 25 professional skills in five key areas: communication, critical thinking, emotional intelligence, leadership and professionalism.
Students must reach proficiency in all skills and an accomplished level in at least five.
They work with employers to pick which skills to focus on, with reviews every six months.
Will Holt, managing director for education and training at ICAEW, said: “Our aim is to empower employers to hold holistic and valuable development conversations with students and drive career longevity through transferrable skills, such as communication, critical thinking and leadership.
“The Next Generation ACA is not simply an accountancy qualification – it provides the foundation for a life-long career.
“It has been created to provide knowledge and skills that chartered accountants can build on to evolve with the needs of employers, clients and the broader economy.”
