FCCI, ACCA sign MoU to address challenges

Stress laid on finance diversity in businesses.

FAISALABAD: The Faisalabad Chamber of Commerce and Industry (FCCI) and the Association of Chartered Certified Accountants (ACCA) signed a memorandum of understanding (MoU) at a seminar on “Building a better business through finance diversity” here on Thursday.

Speaking to the participants, FCCI President Engineer Suhail Bin Rashid said with the emerging needs and changing trends of professionalism, businesses require people of application who are result-oriented and possess skills needed by the employers.

“The finance teams in businesses need to embrace diversity, if they are to tackle modern business problems,” he said, adding businesses equipped with strong finance teams can grow much faster, develop sound financial systems and internal controls.

Rashid said businesses are now facing new challenges. “Our professional bodies, institutions and academia are contributing a lot towards business practices, professional accountancy and research and development, however, they are working in isolation.”

With the changing dynamics of businesses, he said, there is a need to take advantage of professionals’ expertise and utilise their working for betterment.

He said he would channel their strengths with a closer approach to the industry-academia linkage at regional, national and even international levels.

The FCCI will also sign MoUs with other world-renowned institutions in the country in the near future.

Published in The Express Tribune, December 20^th, 2013.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.