The College of Science, Technology and Applied Arts of Trinidad and Tobago (COSTAATT) achieved another first, by becoming the only college in the Caribbean, to gain seven exemptions from the Association of Chartered Certified Accountants (ACCA) for its students. This is the most exemptions given by ACCA within the Caribbean.
Students choosing COSTAATT to pursue their bachelor’s degree in Accounting, will now benefit from exemptions at ACCA Level I and three papers in Level II, should they move on to pursue their ACCA qualifications after their degree. On March 10th, 2017, Dr. Gillian Paul, President of COSTAATT and Mr. Orin Gordon, Head of ACCA Caribbean, signed a Memorandum of Understanding (MoU) formally establishing an agreement made between the two institutions to collaborate.
Speaking at the signing, Mr. Gordon said that he believed COSTAATT was a good partner for ACCA, as the College achieves “the right balance between the rigorously academic and practical, hands-on experience” for students. He, along with his colleague, Mr. Shane Kissoon, Business Development Manager at ACCA Caribbean, expressed their delight at the mutually beneficial partnership the MoU brings.
The MoU signed between COSTAATT and ACCA will facilitate collaboration on several areas, including:
- Provision of exemptions by ACCA to students who successfully complete the BA Accounting degree programme;
- Discounted prices for COSTAATT students who wish to pursue ACCA professional qualifications;
- Promoting of the opportunities at ACCA through the hosting of information sessions to students pursuing the BA degree programme;
- Providing developmental opportunities for both accounting faculty and students.
COSTAATT President, Dr. Gillian Paul spoke at the signing, stating that she was pleased with the relationship, indicating that the partnership aligns with the College’s goal to offer its students globally competitive degrees. She also commended the team of faculty from the COSTAATT Department of Management and Entrepreneurship, led by senior lecturers Danelle Lezama and Charmaine Mungaldeen, who responded to a proposal from ACCA to streamline the courses and assessments in the BA Accounting, which facilitated exemptions from the awarding body, for the College’s students.
Special mention was also made of Mr. Roger Gopaul, former COSTAATT faculty member and Mr. Haimchan Ramdeo, ACCA Education Manager, for their contributions in making this collaboration possible.