Big Four firm PwC launches new Academy in India

27 October 2017 Authored by Consultancy.in

Global professional services giant PwC has launched its educational wing, PwC Academy, in India. The academy will initially focus on providing training in the areas of accounting and finance, in a bid to prepare the young populace for the ever-expanding services arena in the country.

The PwC Academy is the worldwide educational wing of the Big Four accounting and consulting firm, which offers extensive training programs for young professionals. The training is provided through workshops, which are designed and customised based on the individual background and needs of its participants.

Workshops are designed based on the ADDIE Instructional Design Systems model: Analyse, Design, Develop, Implement, and Evaluate. At each stage, the program lays emphasis on behavioural, social, and cognitive learning, simultaneously allowing for individual customisation. The firm works with learning experts to incorporate the latest adult-learning techniques, thereby ensuring the effectiveness of each workshop.

Trainers use real examples from real life, covering the latest trends and topics, and even provide informative materials to assist with in-class work and homework. The program includes quizzes, action plans, exercises, case studies, assignments, group discussions, learning logs and scenario- based activities among others to boost the effectiveness of the programs.

Topics covered in the workshops typically include finance fundamentals, financial reporting standards, risk control and fraud management, auditing and leadership. Some courses that are offered as public seminars can even be conducted in-house on request, reflecting the flexible nature of the customised programs.

Big Four firm PwC launches new Academy in India

Now, in a bid to support students and organisations in India to grow and enhance talent, the firm has launched its academy services in the country. At commencement, the academy limits itself to training in finance and auditing, in order to build a foundation for the rapidly expanding consulting industry in the country. Courses will include an 80-hour diploma in International Financial Reporting, as well as four-day workshops on Indian Accounting Standards. While the academy will begin with locations in New Delhi, Mumbai and Bangalore, plans exist for further expansion in the future.

Commenting on the move, Sanjay Tolia, Partner and Leader for markets at PwC India said, “India has a large talent pool which needs the relevant training to be employable. 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.”

The move reflects the expanding presence of the firm in the country, and is driven by the success it has achieved. Weeks after launching the academy, the firm celebrated the nine-year anniversary of the PwC India Foundation, the community outreach wing of the firm. At the end of august, PwC India was also named the best healthcare consulting firm in India at the fourth annual Healthcare Summit Awards.

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