ICAI organises national education summit on commerce, accountancy

NEW DELHI: The Institute of Chartered Accountants of India (ICAI) organised the national education summit on commerce and accountancy on January 6 and 7, 2023 in New Delhi.

The two-day summit was inaugurated by minister of state for education, Subhas Sarkar while minister of state for finance, Bhagwat Kishanrao Karad delivered the keynote address. The summit aims to standardise commerce and accounting education at higher secondary and undergraduate levels of schools, colleges and universities across India. ICAI partnered with National Council of Educational Research and Training (NCERT), and the National Council for Teacher Education (NCTE) for the summit.

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The summit brought academicians, researchers and scholars in the field of commerce and accounting from universities all across India to discuss how to equip commerce graduates with skills needed to further the sector. ICAI also put forward a model curriculum named 'ICAI Exemplar: Preparing Future-Ready Commerce Graduates to further add to the central theme of the summit.

The attendees addressed various topics such as sessions on contemporary topics like Role of Commerce Education in Skilling Youth for $5 Trillion Economy, Indian Accountants Rising to Global Demand among others.

Delivering the keynote address, minister of state for finance, Bhagwat Kishanrao Karad said: “At the outset, I am very glad that ICAI has taken the initiative to host this National Education Summit on Commerce and Accountancy (NES-CA), bringing together Vice Chancellors of Universities, and Commissioner and Secretaries of State Board of Education across India to give a fillip to commerce education in India.”

He further added that "Prime Minister’s vision of creating a “Vishwa Manav” or Global Citizen has been incorporated in the NEP 2020. He emphasized the significance of skill-based education in which more emphasis is given on conceptual understanding vis-a vis rote learning.” He stated that ICAI has developed Model Curriculum 2023 for commerce education at senior secondary level and undergraduate commerce courses titled 'ICAI Exemplar: Preparing Future Ready Commerce Graduates'. I feel that that the uniform Model Curriculum 2023 so designed will significantly enhance the standard of commerce education."