The contribution of accountants to sound, ethical business practice
An ACCA case study

Page 5: Ethical business practice

ACCA members have gained the benefit of their qualifications to further their careers in their chosen fields. There are ACCA trained accountants working at the highest level in national governments, for example, as auditor generals, or as chief executives or managing directors in leisure, fashion and entertainment. They also specialise in a number of areas, including in audit, in forensic accounting - financial detective work, in the public sector or in providing advice to small businesses or individuals.

To help dispel the myths often associated with accountancy and to give students the opportunity to show they have what it takes to succeed in business, ACCA organises a series of Schools Business Challenges around the UK.

The challenges are aimed specifically at sixth form students interested in a career in business and finance and are run in partnership with universities as part of open day or widening participation programmes. One of the challenges is a computerised business simulation based on running a commercial radio station. Teams of pupils make a series of business decisions and compete to run the most profitable and successful station. They assess the business risks and commercial issues facing them as well as identify new opportunities.

ACCA is concerned that too many teenagers may be ignoring accountancy as a possible career because they still have a traditional view of the profession. It uses this competition to show them how much has changed and how accountants now have a vital role to play in the success of modern, fast-moving businesses, which range from radio stations to football clubs, Internet firms to car manufacturers.

For those who are interested in entering the accountancy profession there are a number of ways to become eligible for the ACCA Accountancy qualification. These include gaining two or more A levels or the equivalent, taking ACCA's Certified Accounting Technician (CAT) qualification or completing a degree course. The qualification offers an opportunity for students to obtain a BSc honours degree in applied accounting after they have successfully completed two thirds of the professional examination scheme.

ACCA | The contribution of accountants to sound, ethical business practice

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