ICAI Partners with CBSE; Unveils Study Material “Aarambh: A Step Towards Financial Independence”

The collaboration aims to enhance awareness about the Chartered Accountancy course and future career opportunities among school students
ICAI - CBSE - Institute of Chartered Accountants of India - TAXSCAN

The President of the Institute of Chartered Accountants of India ( ICAI ), Aniket S Talati, announced on January 22 that the organisation will soon be entering into a Memorandum of Understanding (MoU) with the Central Board of Secondary Education (CBSE).

The signing of the MoU is scheduled for February 8, and it was revealed during a press conference held in New Delhi as part of ICAI’s National Education Summit on Commerce & Accountancy (NES-CA), taking place on January 22 and 23.

During the NES-CA 2024 inaugural session, ICAI introduced a new study material titled “Aarambh: A Step Towards Financial Independence.” The material is designed to empower students with financial resilience and improve decision-making abilities. The modules cover essential topics such as financial planning fundamentals, banking and credit, understanding financial statements, basics of taxation, investment planning, and retirement planning.

The collaboration aims to enhance awareness about the Chartered Accountancy course and future career opportunities among school students. As part of the partnership, ICAI will provide career counselling in CBSE schools. Additionally, the institute will develop course content in the form of modules and videos for CBSE-affiliated schools. This initiative aligns with ICAI’s commitment to promoting financial education and transparency.

As part of its broader engagement with the education sector, ICAI is set to sign MoUs with 11 universities during the two-day NES-CA event. These agreements will involve collaborative efforts in various areas, including the development of Commerce syllabi, content creation, online and recorded lectures, and faculty development programs.

Prof Deepak Kumar Srivastava, acknowledging ICAI’s pivotal role in promoting financial transparency, accountability, and good governance, highlighted the University Grants Commission‘s (UGC) commitment to working closely with Higher Educational Institutes (HEIs).

Recently, UGC issued guidelines to integrate skilling into higher education at all levels and introduce short-term industry-relevant courses (certificate courses) in HEIs to address the skill gap. Prof Srivastava emphasised the need to cultivate an ecosystem among accounting professionals equipped with diverse skills aligned with global job market requirements.

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