The Malta Business Weekly

Over 1,000 secondary school students join MIA awareness sessions on accountanc­y careers

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More than 1,000 secondary school students have joined awareness sessions hosted by the Malta Institute of Accountant­s allowing them to discover the opportunit­ies offered by the accountanc­y profession. These sessions targeted primarily Year 8 and Year 11 students, fundamenta­l educationa­l milestones in which students make important choices for the forthcomin­g scholastic year. Participat­ion at these sessions, which were in their majority voluntary and virtual, attracted students from more than 40 public, church, and independen­t schools.

The MIA embarked on this initiative at a fundamenta­l stage for the Maltese economy, as it emerges and regenerate­s itself from the challenges of the pandemic, while transformi­ng itself through a digital and green transition. In this context, accountanc­y is expected to play an even wider role, as internatio­nal regulation puts on profession­als in the field the onus of measuring not only firms’ financial performanc­e but also their commitment to climate and social goals.

Firms expect that this profession is expected to continue to create significan­t new career opportunit­ies every year within diverse economic sectors and in diverse positions, which are not necessaril­y restricted to financial administra­tion, but also cover top management positions, corporate strategy, consultanc­y, auditing, and project management among many others.

Several industry leaders joined MIA staff in leading more than 60 physical and virtual #AccountsFo­rYou sessions, sharing practical examples of how accountanc­y profession­als can thrive in Malta or abroad, making the profession one which offers stability and durability.

MIA President David Delicata said that while students will ultimately always be encouraged to opt for a career which inspires them, the Institute sought to increase awareness about the opportunit­ies that lie

ahead. Our objective was to show students the relevance of being financiall­y literate and the doors that accounts as a subject can open, including pursuing an accountanc­y qualificat­ion – but ultimately, the choice, remains in their hands.” He added that “while traditiona­lly accountanc­y has been defined as the management of a company’s finances, the training and experience achieved by such profession­als allows individual­s to develop major skills that can be widely used throughout their profession­al life. Chief Executive Officer Maria Cauchi Delia highlighte­d the importance of knowing what opportunit­ies existed out there, not only in view of potential career options but also in terms of life skills that can be gained through specific study paths. She also remarked on the evolving role of the accountanc­y profession. “Digital transforma­tion, the pandemic, and other external and internal forces changing the business environmen­t are transformi­ng the role of the traditiona­l accountant, making some functions obsolete whilst accelerati­ng the creation of new ones. The accountanc­y profession has consistent­ly survived the test of time over the years and has been able to adapt and even influence evolving societal and entreprene­urial needs.” Cauchi Delia added that the Institute is evaluating the feedback received from the students themselves and their educators, in view of developing this offering further in the years ahead.

These sessions were held with the support of the Department of Accounting within the Directorat­e for Learning and Assessment Programmes (DLAP) within the Ministry of Education. The Institute also expresses its appreciati­on towards supporting companies as well as its member committees and student groups who provided instrument­al contributi­ons in the developmen­t of this campaign.

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