ACCA (the Association of Chartered Certified Accountants) has launched a first-of-its-kind Inter-University challenge-Kenya that seeks to mould tomorrow’s business leaders to play a critical role in developing credible and resilient businesses driving long-term value in ways that are more meaningful than before.
Called the ACCA Strategic Business Leader Inter-University Challenge, the theme and angles are already well anchored in ACCA’s flagship strategic professional-level paper, Strategic Business Leader. This Challenge will see students presented with innovative case studies to test their ability to function as a leader in a simulated workplace. The students will develop the right blend of technical, ethical and professional skills in the evaluation, synthesis and presentation of responses.
Speaking at the launch of the Challenge, Steve Obuogo, Head of ACCA Kenya and Tanzania said: “ACCA is the world’s most forward-thinking accountancy body whose vision is to develop the accountancy profession the world needs and a profession that is a force for the public good. With a thriving global community of 233,000 members across 178 countries and regions working across a wide range of sectors and industries, ACCA stands tall in answering today’s questions and preparing for the future. This Challenge is indeed one of those platforms for preparing for the future.”
The Challenge has received overwhelming responses from the student community with 266 teams comprising of four students each totalling to 1,064 student applications having already registered since applications for the Challenge opened up a month ago. The teams comprise of students from 38 institutions of higher learning spread across 15 counties in Kenya.
It is expected that at the end of the Challenge, the students will understand the relevance of key competencies in business leadership. These include Financial Management, Leadership & Management, Strategy & Innovation and Ethics & Professionalism. The other competencies include
Data Digital & Technology, Management Accounting, Advisory & Consultancies, Governance Risk & Control and Stakeholder Relationship Management.
Each of the four team members of the winning team will receive a Ksh150,000 scholarship towards their ACCA fees, a laptop, certificate and trophy, and an ACCA gift hamper.
Each of the four team members of the first runners up team will receive a smartphone, certificate and trophy and an ACCA gift hamper. Finally, each of the 4 members of the second runners up team will receive a smartphone, trophy and certificate and an ACCA gift hamper.
All the 12 team members in the three top teams will have an opportunity for internship and job placement with up to eight top employers who have partnered with ACCA. They will also have access to career mentorship opportunities with top business leaders and industry experts.