Home News Updates ICAI urges schools and colleges to Prepare Future-Ready Commerce Graduates

ICAI urges schools and colleges to Prepare Future-Ready Commerce Graduates

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The Institute of Chartered Accountants of India (ICAI) through its Board of Studies (Academic) organised a two-day National Education Summit on Commerce & Accountancy (NES-CA) on 6th & 7th January 2023 in New Delhi has called upon Higher Secondary and Undergraduate levels of schools/colleges/universities across India to standardize Commerce & Accounting education. To take this forward, ICAI has partnered with the Association of Indian Universities (AIU), the National Council of Educational Research and Training (NCERT), and the National Council for Teacher Education (NCTE) and this NES-CA Summit was part of this initiative.

The summit emphasized on aligning the nation’s commerce and accounting education as ‘One India,-One Accounting’ and ‘One World’ to skill and prepare Future-Ready Commerce Graduates and  make India a “Vishwaguru” in the accounting world. In accordance with the Government of India’s mission on Financial Literacy or Vittiya Saksharta, speakers at the conference lauded ICAI’s efforts to make India financially literate.

Dayaniwas Sharma, Chairman, Board of Studies highlighted that the booklet ICAI Exemplar: Preparing Future Ready Commerce Graduates corroborates the forward-looking vision of the ICAI and vision of National Education Policy 2020. He apprised the gathering that for ICAI, the development of its people matters the most and therefore one should always “Aspire to Inspire” to bring out the new change for the future generation. In the same light, he stressed upon the contribution of the ICAI in Commerce Education System in terms of the review of UGC LOCF (Learning Outcomes-based Curriculum Framework) 2021 for Commerce Undergraduate Education. He focussed on the pivotal role being played by the ICAI in raising awareness about financial and tax literacy among masses.

 Bindu Das, Associate Professor, Dept. of Philosophy, University of Delhi who also spoke in the conference infused an interesting discussion on mythology and knowledge.  She said: “What both students and teachers need to follow is: Hear each other, Have Faith, Reason and Reflect with contemplation. Mythology is more than just stories; it goes beyond and gives you the pearls of wisdom and builds a relationship between the teacher and the student. Our job is to see what novelty we can pick from our ancient system and incorporate into our lives.” 

The summit witnessed an overwhelming participation from renowned Academicians, Experts, Vice Chancellors, Directors, Deans, Principals, HoDs, Professors from the field of Commerce and Accounting from over 25 States.  Among the guest speakers were CA. Dayaniwas Sharma, Chairman, Board of Studies; CA. Nihar N. Jambusaria, Past President, ICAI; CA. Vishal Doshi, Vice-Chairman Board of Studies; Prof. Nageshwar Rao, Vice Chancellor, IGNOU; Dr. Joseph Emmanuel, Director (Academic), CBSE;  and other delegates discussing around Technology, Innovation, Academics and Skill Based Approach, Integration of University Education and Professional Education of Chartered Accountancy etc.

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