PwC’s educational business debut in India: Academy

Academy will help improve knowledge, competence and expertise of people in finance and business.

PwC just launched its educational business, ‘Academy’, in India. This will offer a variety of training courses, based on the best practices of PwC’s global network of firms.

Academy aims to support students as well as organisations across the region to grow and retain their talent. Through its courses, the Academy will help improve knowledge, competence and expertise of people in finance and business. The customised training programmes will bring real-life business experiences into the classroom, making learning more effective and practical.

To begin with, the Academy in India will focus on courses for professionals and students in the areas of finance and accounting. This will help organisations meet the challenges resulting from the rapidly changing regulatory and financial reporting landscape of corporate India.

Talking of the launch, Sanjay Tolia, partner & leader-markets, PwC India says, “Within the field of corporate reporting and regulations, we have seen many important changes resulting in India adopting global best practices. The recent adoption of substantially converged global IFRS standards in India, i.e. Indian Accounting Standards (Ind AS) is a significant change. Therefore, we decided to start with offering related courses. Over the next couple of years, we aim to diversify the course offerings to include other areas of business.”

As part of the inaugural courses, the Academy will offer the following:

Diploma in International Financial Reporting: This globally-recognised qualification programme on International Financial Reporting Standards (IFRS), the Association of Chartered Certified Accountants (ACCA), will be an 80-hour course, which will include comprehensive study material and mock tests, along with interactive sessions.

Indian Accounting Standards (Ind AS) Workshops: Classroom training offering four-day long knowledge sessions on Indian Accounting Standards and other regulatory updates.

PwC states that the instructors at the Academy are experienced practitioners and have gone through extensive internal training programmes. They have also worked with some of the world’s leading organisations, having advised them in various financial and reporting matters.

The programmes will initially be launched in Delhi, Mumbai and Bengaluru, and PwC claims, will cover additional cities in the near future.