The Association of Chartered Certified Accountants (UK) Visits FPT: Exploring Potential and Cooperation Opportunities

Leaders from the Association of Chartered Certified Accountants (ACCA) recently visited FPT. During the visit, leaders from both organizations discussed various accounting-related technologies to enhance work efficiency and performance.

Attending the meeting from the ACCA side were Mr. Pulkit Abrol, the ACCA Asia-Pacific Regional Director, Mr. To Quoc Hung, the Country Director of ACCA Vietnam, and Ms. Trang Kieu, the Head of the Corporate Affairs Department at ACCA Vietnam. Representing FPT Corporation were Mr. Nguyen The Phuong, Executive Vice President, and Mr. Vo Dang Phat, Chief Marketing & Communications Officer.

During the meeting, Mr. Pulkit Abrol shared that the Association is actively embracing technological transformations. They utilize MIT's EDX platform and offer courses in collaboration with Columbia Business School. Additionally, ACCA provides ACCA X courses, an online learning program aimed at fostering a passion for accounting and business among students worldwide. Notably, ACCA X offers free courses as well.

Expanding on the discussion of the trending topic of AI, ACCA leaders emphasized that AI cannot entirely replace the role of an accountant. "While some may speculate that AI will supplant accounting and that RPA will dominate, we firmly believe that the human element remains integral to the work, even when collaborating with AI," affirmed Mr. Pulkit Abrol.

Mr. Pulkit Abrol (left), ACCA Asia-Pacific Regional Director, at the meeting

At the meeting, ACCA leaders expressed their high regard for FPT as an international organization, highlighting its implementation of a global accounting system and distinctive business model in Vietnam. ACCA expressed their expectation that FPT would provide support in Vietnam by aiding in the construction of models and sharing insights into how the accounting system operates.

During the discussion with ACCA leaders, FPT Executive Vice President Nguyen The Phuong underscored FPT's dual identity as both a technology corporation and a learning organization. "Each year, FPT employees are required to dedicate a minimum of 35 hours to study. Additionally, managers are expected to train, mentor, and share lectures for about 20 hours annually. FPT also promotes continuous learning among its financial staff, potentially including preparation for the adoption of IFRS shortly. Consequently, there is a mandate to prioritize learning, with a target set for 10% of the finance team to obtain IFRS certification", Mr. Phuong said.

FPT Executive Vice President Nguyen The Phuong (right) mentioned that approximately 30% of FPT's transactions and a significant portion of its accounting tasks are handled by robots.

Expanding on ESG, Mr. Phuong highlighted FPT's commitment to green transformation. He noted that newly constructed facilities and schools prioritize energy efficiency, incorporating features such as solar power systems. Furthermore, FPT is actively researching the utilization of liquefied petroleum gas to cool data center systems.

At the conclusion of the meeting, ACCA extended an invitation for FPT to join their Approved Employers Program, which boasts a network of 8,000 businesses worldwide. By becoming an ACCA partner enterprise, FPT would be acknowledged for adhering to international standards in finance and accounting human resources training and development policies. This recognition would enhance FPT's reputation and influence in domestic and global markets, particularly amidst Vietnam's ongoing international economic integration efforts.

FPT leaders presented souvenirs to the ACCA leadership team.

Additionally, ACCA expressed hope that FPT would consider participating in the ACCA Job FastTrack program. Under this initiative, ACCA students/members would receive exemptions from one to three interview rounds based on their progress in completing ACCA modules. The program aims to assist employers in attracting top talent, particularly in the fields of finance and accounting.

ACCA members visited FPT and its member companies on May 29.

Previously, on May 29, a delegation of 50 members from various countries around the world representing ACCA had the opportunity to tour the FPT Tower headquarters. During their visit, they also experienced a showcase of several technologies from member companies within the FPT Corporation.