ICAI will launch study materials to educate financial independence and sign a Memorandum of Understanding with CBSE.

The study materials include modules on “banking and credit,” “fundamentals of financial planning,” “basics of taxation,” “investment planning,” and “retirement planning.”

Aniket S. Talati, President of the Institute of Chartered Accountants of India (ICAI), announced during a news conference here on January 22 that the ICAI and the Central Board of Secondary Education (CBSE) would shortly sign a Memorandum of Understanding (MoU).

ICAI to sign MoU with CBSE

ICAI to sign MoU with CBSE

Speaking of the partnership with CBSE, Talati stated that on February 8th, ICAI and CBSE would sign an agreement. In order to inform students about the Chartered Accountancy course and the future employment options accessible after completing this professional course, ICAI will offer career counseling in CBSE schools through this partnership. Additionally, ICAI will provide modules and films that will serve as instructional materials for schools connected with the CBSE.

This declaration was made on January 22 and 23, in New Delhi, during the ICAI’s National Education Summit on Commerce & Accountancy (NES-CA).

In order to help students develop their financial resilience and improve their decision-making skills, ICAI also introduced the study guide “Aarambh: A Step Towards Financial Independence” at the first session of NES-CA 2024. The study materials include modules on “banking and credit,” “fundamentals of financial planning,” “basics of taxation,” “investment planning,” and “retirement planning.”

During these two days, ICAI will also sign Memorandums of Understanding with eleven colleges. Under the terms of the partnership, ICAI will provide help to schools and institutions in a number of areas, such as the creation of content, online and recorded lectures, faculty development programs, and commerce curricula.

Prof. Deepak Kumar Srivastava expressed gratitude to the institute for its vital contribution to the advancement of financial transparency, accountability, and sound governance. In order to close the skill gap, he added, UGC is closely collaborating with Higher Educational Institutes (HEIs) and has recently released guidelines outlining the foundation for integrating skilling into higher education at all levels and for introducing certificate courses, or short-term courses with an industry focus, in HEIs. “We must create an ecosystem of accounting professionals with a variety of skills that align with the demands of the global labor market,” he continued.