India has been chosen to help lead a global effort to raise educational standards in the financial services industry by adopting an industry-made professional qualification developed in Scotland with support from Scottish Development International (SDI).
A joint venture between the Scottish Investment Operations, the Institute of Chartered Accountants of Scotland and the Chartered Bankers Institute of Scotland, the Investment Accounting Diploma was created in the UK, to address a gap in qualifications for new and experienced investment and fund accountants.
The educational course is to be launched in India today to help organisations develop their skills in the growing and competitive area of the banking and financial services industry.
The diploma aims to promote the interests of the investment industry and includes four exams covering the key areas of fund accounting, financial accounting and finance and technical accounting. Each of these units can also be studied on a stand-alone basis.
Mark Dolan, Country Manager, India at SDI said, “Scotland is renowned for its world class education and we are keen to share our expertise with, and learn from, the dynamic growth and specialism in India. Our education team has worked closely to identify the opportunity to launch the diploma and work with Indian stakeholders and companies in addressing potential skills gaps.'”
India is one of Scotland’s key countries of interest for educational collaboration and the new qualification is set to benefit the financial services sector both in Scotland and in India.