The Institute of Chartered Accountants of India (ICAI), through its Committee on Career Counselling, signed a Memorandum of Understanding (MoU) with the Department of Skill Education, Central Board of Secondary Education (CBSE) on 21st November 2024, at Bhubaneswar, Odisha. This initiative focuses on commerce-based skill development to bridge the gap between academic learning and professional requirements.
Objectives of the Partnership
The collaboration aims to enhance students’ employability in commerce-related fields, particularly in the Banking, Financial Services, and Insurance (BFSI) industry. Key aspects include:
- Curriculum Development: ICAI will assist CBSE with designing courses, study materials, and training modules aligned with industry needs.
- Career Awareness: Workshops and awareness programs will be conducted to inform students and educators about career opportunities in accounting and finance.
- Capacity Building: CBSE will organize training programs for commerce instructors, equipping them to teach skill-based courses effectively.
Statements and Vision
ICAI President, CA. Ranjeet Kumar Agarwal, emphasized:
“This MoU represents a significant step toward skill development in commerce education. By aligning academics with industry standards, we aim to provide students with promising career opportunities in accounting and finance.”
Collaborative Initiatives
The partnership will implement a range of programs to achieve its objectives:
- Awareness Campaigns: Targeting school principals, teachers, and management teams in CBSE-affiliated schools nationwide.
- Capacity Building for Teachers: Specialized training sessions for commerce educators to ensure effective delivery of skill-based courses.
- Student Enrichment Activities: ICAI-led workshops and career counselling sessions to guide students toward accounting-related careers.
Broader Impact of ICAI’s Educational Collaborations
The ICAI has signed 85 MoUs with various educational institutions to promote academic excellence, research innovation, and skill development. These collaborations are pivotal in creating a highly skilled workforce to meet evolving industry demands.
Conclusion
The ICAI-CBSE partnership marks a transformative step in commerce education, fostering industry-aligned skills among students. This initiative not only strengthens India’s education system but also opens pathways for students to excel in the global BFSI sector.
