Accounting Education: CBSE, ICAI collaborate to promote skill-based accounting education..

ICAI i.e. The Institute of Chartered Accountants of India (ICAI) has signed a Memorandum of Understanding with the Central Board of Secondary Education (CBSE) to promote commerce-based skill courses for students across the country. Its objective is to connect CBSE board students with financial literacy. Through this, students will be connected to special courses designed to suit the requirements of the industry. The objective of this collaboration is to promote cooperation between ICAI and CBSE to promote commerce-oriented skills, especially in the BFSI sector. ICAI said that the main focus will be on enhancing the skills and employability of students through special courses designed to suit the needs of the industry.

ICAI will prepare course content, syllabus development, study material, and training modules separately. ICAI and CBSE will jointly organize awareness programs for school principals, teachers, and management teams of CBSE-affiliated schools across India. The program will focus on promoting commerce-based skill courses under the BFSI sector and highlighting the importance of these courses for the career development of students. Not only this, CBSE will organize capacity-building initiatives for teachers of commerce-related subjects to equip them with the skills and knowledge required to teach these courses effectively.

ICAI has so far signed 85 MoUs with various universities, colleges, and educational organizations. Talking about the collaboration, CA Ranjit Kumar Agarwal, President, of ICAI says, "Through this collaboration, ICAI aims to promote commerce-based skill courses and ensure that students are equipped with relevant, industry-aligned competencies. This partnership reflects our commitment to bridge the gap between academic education and professional requirements."