The Association of Chartered Certified Accountants (ACCA) and Chartered Institute of Personnel Management (CIPM) of Nigeria have entered into partnership to boost their capacity for effective service delivery at the workplace.
Signing the Memorandum of Understanding (MoU), yesterday, at the CIPM’s headquarters, Country Head of ACCA Nigeria, Tom Isibor, said the collaboration was significant, especially during the Coronavirus (COVID-19) pandemic, when the need for employees to enhance their skills and reskill was relevant for their jobs.
He explained that the agreement would add value to members through continuous professional development (CPD) to enhance performance and productivity at the workplace.
Isibor said curriculum sharing between both organisations cuts across spheres, adding that ACCA and the CIPM would review how to better develop skills of members on digital competences.
He added that the ACCA had commenced the development of its syllabus on digital capabilities to enhance workplace productivity. Vice President of CIPM, Titilayo Akinsanya, maintained that the collaboration with HR professionals meant understanding finance and accounting for better business leaders and managers. She said it would enable them to utilise and appropriate finances in a meaningful way to enrich people within the organisation.
According to her, the partnership would go a long way in driving the institute’s engagement level and enable it to connect effectively for increased productivity.
“What it means for the ACCA is that they are no longer proficient with the figures and numbers; they are more focused on the people that drive the numbers and the figures. This is about us putting people and figures together for enhanced figures, enhanced productivity and sustainability.
“This cross pollination is significant in building capacity to unleash well-rounded professionals in Nigeria and Africa. It is really about posterity and about thriving in the future,” Akinsanya said.
On her part, Registrar and Chief Executive Officer of CIPM, Busola Alofe, who noted that people remain the greatest assets, said partnership between the finance and HR professions, would bring about the best where human and financial capital connect and collaborate to deliver greater value to stakeholders.
On how the partnership would support members of the institute, she said, “HR practitioners would see the avenue to develop well rounded profile as HR practitioners were closest to businesses operated with rules and responsibilities.
“It will open their minds to the numbers, financials, business activities and the role of HR in ensuring that every organisation and the workforce are adequately skilled in the business, technical areas and leadership areas on power skills that they need to ensure their organisation succeeds and compete favourable in the long term.
“This partnership will fully develop true business leaders out of HR practitioners.We are people the workforce needs to deliver the business. As HR practitioners, we build capability, which is one of the areas we can share curriculum with the ACCA, while ACCA builds financial capability and invest in people.”
Speaking further, Alofe added, “We will take our strength as HR practitioners in building technical skills into the ACCA space to further help them get broader knowledge around the businesses in which they function as accountants from understanding the business strategy.
“We will also focus on how that becomes operational tactics and the jobs individuals does at the workplace. We need to get the financials and businesses from ACCA and then cooperate and integrate both sides to become stronger and broader in our knowledge and ability to give businesses what they need for us to win in the market palace.”