ACCA, UBT CEC collaborate to build finance expertise in Saudi Arabia

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UBT CEC, ACCA officials at the awards ceremony. — courtesy photo

JEDDAH — The Association of Chartered Certified Accountants (ACCA) and the Continuing Education Center (CEC) of the University of Business and Technology (UBT) in Jeddah are collaborating to develop the finance and accountancy skills for finance professionals in the Kingdom of Saudi Arabia in line with Vision 2030.

In recognition of the quality of learning provision and support provided for ACCA certification and diploma candidates, UBT was awarded the sole Registered Learning Partner (RLP) in Saudi Arabia. UBT Rector Prof. Osama Jannadi, along with UBT CEC Director General Dr. Amir Dhia received the award during the ACCA New Members Ceremony held here.

Based on this association, UBT CEC will be providing training for the ACCA Certificate in International Financial Reporting Standards (Cert IFR), ACCA Diploma in International Financial Reporting Standards (Dip IFR), as well as the ACCA Certificate in International Auditing (Cert IA).

Dr. Dhia stated, “This partnership is an important step towards qualifying current and future practitioners in accounting and finance”. He stated that “The Bachelor and Master degree students in the fields of accounting, finance, auditing and business management will be among the first to benefit from the ACCA internationally recognized and renowned certifications.”

“These certifications will help the students to be in a better and competent position as they apply for and continue their jobs. To upgrade their performance and standards, companies and their employees will also be able to benefit from this training and certifications”, he added.

Fazeela Gopalani, head of education for ACCA Middle East who presented the award stated “In Saudi Arabia, the government is making great strides in realizing Vision 2030 by further embracing economic reforms, including the introduction of VAT and other key reforms. With economic diversification, reform and further fiscal solidarity across the region, finance professionals will be pivotal to driving long term sustainable growth in Saudi Arabia. We are delighted to be working with institutions such as UBT CEC amongst others, to continue strengthening and supporting the finance professional in the country, which will be vital for both current and future fiscal and economic development.” — SG


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