ACCA framework and skills and capabilities
| ACCA’s framework | Framework interpretation | Skills and capabilities identified |
|---|---|---|
| Technical skills and ethics | As accounting professional, the skills and capabilities to perform the duties of being a financial accountant, a management accountant or an auditor who can not only understand the insights of financial figures but also capture the essence of business | Skills and knowledge in accounting profession |
| Intelligence | The skills and capabilities to provide assurance of the quality of data, and the abilities to train the models | Skills to test the quality, veracity and integrity of data |
| Creative | The skills and capabilities to assess and evaluate the information extracted from big data analytics, based on which appropriate judgements can be made to provide supports for organizational decision-making process | Skills to understand the insights from big data analytics |
| Digital | The skills and capacities to stay cautious and alert to the risks brought by the application of new technologies, and to be able to manage the risks and governance the implementation of big data analytics | Skills to control the risk from the emerging technologies |
| Emotional intelligence | The skills and capabilities to identify the emotions of others and manage the relationship with the others, especially with data scientists and programming experts. The capabilities to speak foreign language and data language belongs to this category | Skills to communicate with others |
| Vision | The skills and capabilities to use the existing and emerging digital technologies to capture future trend; the preliminary knowledge of digital science; the awareness of digital governance | Skills in data analytic techniques and the use of statistical models |
| Experience | The knowledge of the business, customers, suppliers, competitive forces of the industry and the value chain, etc. The skills and capabilities to use the experiences in the business to detect false correlation in big data analytics | Knowledge of the business |
| ACCA’s framework | Framework interpretation | Skills and capabilities identified |
|---|---|---|
| Technical skills and ethics | As accounting professional, the skills and capabilities to perform the duties of being a financial accountant, a management accountant or an auditor who can not only understand the insights of financial figures but also capture the essence of business | Skills and knowledge in accounting profession |
| Intelligence | The skills and capabilities to provide assurance of the quality of data, and the abilities to train the models | Skills to test the quality, veracity and integrity of data |
| Creative | The skills and capabilities to assess and evaluate the information extracted from big data analytics, based on which appropriate judgements can be made to provide supports for organizational decision-making process | Skills to understand the insights from big data analytics |
| Digital | The skills and capacities to stay cautious and alert to the risks brought by the application of new technologies, and to be able to manage the risks and governance the implementation of big data analytics | Skills to control the risk from the emerging technologies |
| Emotional intelligence | The skills and capabilities to identify the emotions of others and manage the relationship with the others, especially with data scientists and programming experts. The capabilities to speak foreign language and data language belongs to this category | Skills to communicate with others |
| Vision | The skills and capabilities to use the existing and emerging digital technologies to capture future trend; the preliminary knowledge of digital science; the awareness of digital governance | Skills in data analytic techniques and the use of statistical models |
| Experience | The knowledge of the business, customers, suppliers, competitive forces of the industry and the value chain, etc. The skills and capabilities to use the experiences in the business to detect false correlation in big data analytics | Knowledge of the business |
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