The blog is about the academic collaboration between IGNOU and ICAI. The dignitaries from ICAI and IGNOU signed the MOU. The dignitaries as representatives are ICAI president, CA Aniket Sunil Talati, and Prof. the vice chancellor of IGNOU, Nageshwar Rao, faculties, school of management studies. Indira Gandhi University is in New Delhi. 1985 is the year of incorporation of the institute. The Institute was started with a budget of 20 million. The institute was in the name of former Prime Minister, Indira Gandhi. The institute has around 3.5 million students. The institute has 3.8 million alumni. The institute has the largest enrolment in the world. The parliament of India established IGNOU and ICAI. ICAI was established in the year 1949. ICAI works under the supervision of the Government of India and MCA. ICAI contributes to the welfare of public interest in India.
ICAI has a partnership with NEP, 2020 and UGC. ICAI had entered into similar partnerships with the school of management studies ICSI, and the Institute of Cost Accountants of India. The purpose of the collaboration is to create awareness and make students ready in diverse areas. It makes the students ready for the professional world. IGNOU has a brand name and reach in the education world. The students get practical exposure with the article ship training. The study materials and classes prepare the students for the self-paced examination. The new syllabus has self-paced examinations and elective papers. There is a necessity for enhancing theoretical knowledge through academic or online learning. Students with a commerce background understand the value of professional courses. The short-term courses and preparatory courses help commerce graduates enter into CA education.
ICAI Board of Studies:
The board of studies chairman, CA Dayaniwas Sharma, highlighted the success of previous partnerships. The collaboration benefitted around 48,522 B.Com students and M.com students. The chairman expressed his interest in the partnership. The partnership enhances the long-term benefits of the professional courses.
How does collaboration benefit students?
Some time back, the IIT announced the data analytics course through online mode. Students think that the regular courses have more value than online courses. The introduction of an online course from IIT breaks the myth. The general perception of the student is that university and professional degrees are different. The universities prepare the students for junior-level jobs and teaching jobs. The professional institutes prepare the students for the top-level jobs. There is a connection between the junior position and the senior position. After gaining experience, even a B.com graduate clears the CA course with less effort. Practical learning is the reason behind this. Through the academic collaboration between the university and professional institute, the students get interest in the professional courses. The university also offers online courses to ease the difficulty level in professional courses like CA, CMA and ACS. NSE Academy offers online courses to understand the equity market. ICAI also offers courses to understand the equity market. The multiple channels grab the students from different streams. The awareness and reach through geographic location improve the education industry.
How do universities prepare students for dynamic job roles?
The universities prepare the students for international competition and opportunities. In higher education, the universities are offering new courses. UK universities compete for research funding, staff, league table, and TEF awards. The global education market is competitive. Universities should be relevant to the place of operations. The courses are flexible models. The universities offer offline and online courses. Universities have deep roots in the traditional way of working. Universities have strategies to enhance knowledge exchange, research and teaching. Universities prepare students for low-profile jobs and research work. The courses in the universities are according to the job market and emerging industries.
Universities prepare students towards an unpredictable economy. Universities teach workplace ethics and scenarios. The students understand the job roles and professional ethics. Universities teach real-world problems and soft skills. Universities increase competency through the grading system. The students from top universities have emotional and social balance. Teachers are involved in improving quality with grade-level meetings. The art of learning goes for a lifetime in professional courses. Students get the practice of independence and retention with practical learning. Universities prepare students for a tech-based workforce. Students learn AI, machine learning and data analytics with the latest versions through online and regular courses.
The future employment role requires soft skills, technical knowledge and compliance knowledge. The IGNOU University and ICAI collaboration prepares the students for future jobs. The students from universities get awareness about the professional courses through academic collaboration. The institutions collaborate to offer seminars, webinars and workshops that create awareness about the courses. The global market is dynamic. Following the education and job market at the right pace is important for a student.