Muscat: Oman is making significant progress in the domain of professional accounting according to a top official of Association of Chartered Certified Accountants (ACCA). "Currently Oman has 134 ACCA members, 55 affiliates and over 1,800 students pursuing ACCA qualifications," Mohammed Sajid Khan, head of business development (Education), Middle East for ACCA, said at a felicitation event held here Tuesday.
He said that while affiliates are those who have passed ACCA exams but are yet to complete the practical experience requirement of three years, which is a pre-requisite to achieve ACCA membership besides passing the exams and completing a module on ethics, members are those who meet all the requirements and have gained full membership, enabling them to write the designation 'ACCA' after their name.
Sajid Khan further said, "About 50 per cent of the ACCA members and 65 per cent of the ACCA students are Omanis, which is a unique case in the whole of the GCC region, with so many nationals pursuing a challenging international qualification like ACCA."
The event, which was marked by the presence of Hamood Sangour Al Zadjali, Executive President of Central Bank of Oman (CBO), saw felicitations of eight ACCA members become Fellows of the organisation after completing five years as members of the professional body, while 19 individuals becoming new members after completing their ACCA professional exams and meeting other requirements.
Mohammed Sajid Khan said: "We are delighted to be able to celebrate the successes of our new Fellows and Members at this ceremony. Our Fellows have completed five years as members of ACCA and have met the highest standards during that time, while our new members have not only completed demanding examinations, but have also completed three years practical experience. ACCA wishes them all success in their future careers, and remains committed to supporting them through their working lives."
"This event gave us an opportunity not only to felicitate the new ACCA members and Fellows, but also pay tribute to the employers and the learning partners with whom ACCA works closely to development the accounting and finance profession in Oman, thus contributing to the wider economic development," Sajid Khan further added. Ritu Nanda, head of ACCA (Oman and Qatar), outlined the importance of acquiring soft skills along with technical excellence.