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Acca Launches Its New Tutor Excellence Programme

ACCA collaborates with BPP Professional Education on support and training for ACCA tutors.

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An exclusive online programme for tutors who teach and support ACCA (the Association of Chartered Certified Accountants) students goes live today. Developed by ACCA, in collaboration with BPP Professional Education, and using BPP’s online classroom learning environment, this free of charge ACCA Tutor Excellence programme supports tutors so they can help their students’ progress through the ACCA qualification.

The programme is accessed through ACCA’s online Education Huba secure area that provides ACCA tutors with tools to help them offer the rigorous and high quality tuition demanded by the ACCA Qualification.

Related: How SNG Built A Leadership Legacy

“Approximately half of our students study for their ACCA exams with an education provider. This programme gives ACCA tutors around the world – whatever their level of experience in teaching ACCA – access to great tutor training which will help them support their students to become ACCA members.” Alison McHugh, director of education at ACCA

ACCA already offers face-to-face Train the Trainer events across its markets, but this ground breaking programme means ACCA can reach every tutor, wherever they are, and help them to improve their teaching skills.The programme features more than 20 learning units and three e-assessment checkpoints, covering:

  • Guidance through the learning, revision and final preparation phases
  • The role of the tutor support resources provided by ACCA
  • The differences between academic and professional qualification teaching
  • Learning methodologies, presentation skills and creating a dynamic classroom environment
  • Teaching for computer based exams (including the new F5–F9 CBE)
  • Exam skills, exam focus and question debriefing
  • Supporting students with exemptions, choosing between option exams and their PER

The programme has been developed for ACCA tutors who are new to teaching ACCA and looking to get started, as well as those more experienced ACCA tutors looking to improve their delivery or find new approaches.

Related: Financial Management and Accounting Support for SMEs

Alison McHugh concludes: ‘This is a timely and valuable resource that’s aimed at ACCA tutors working in a professional or an academic environment. It’s innovative approach gives ACCA tutors around the world access to a consistent programme of learning so they can develop their skills, while making sure the students who study with them can reach their ambition to become an ACCA professionally qualified accountant.’

For more information on the above, please contact:

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She Works Hard For Her Money – So Pay Her On Time

Sage research finds that female entrepreneurs suffer more negative effects from late payments than men. Charles Pittaway, Managing Director of Sage Pay, comments on the importance of equal pay for equal work.

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Women fight inequality and discrimination every day. They fight for equal pay for equal work. They challenge gender stereotypes in their careers and personal lives. They question unfair social and political norms. They unify under passionate causes, evidenced recently by the #MeToo and #TimesUp campaigns.

With female business builders making up nearly 40% of the global workforce – and heading up 72% of micro-enterprises and 40% of small enterprises in South Africa – any kind of discrimination is unacceptable from a cultural and economic point of view, especially when it involves failure to pay what is owed.

The impact of late payments on small businesses has been widely discussed as an issue that must be eradicated for all entrepreneurs, regardless of gender. But inequality still exists and more needs to be done to eradicate it.

Recent research by Sage highlights that this discrimination doesn’t just impact women in large corporates. Indeed, it identified a worrying trend: female entrepreneurs are more likely to suffer from late payments than their male counterparts.

South Africa was among the six regions (out of 11) surveyed by Sage that reported higher instances of women business builders being paid late. Businesses run by female entrepreneurs in South Africa report that 18% of invoices are paid late and 10% of invoices are written off as bad debt.

Small businesses cannot absorb these costs nor the lost hours spent on admin – amounting to R564 000 in South Africa. The result can be disastrous: in the next 12 months, 1 in 4 female entrepreneurs will prioritise chasing late payments to be more cost efficient, and ironically will become less productive. If these businesses are not paid on time, they will also struggle to pay bonuses and suppliers, and will be forced to delay investments in their businesses.

Related: Watch List: 50 Black African Women Entrepreneurs To Watch

The fact that late or non-payments is a more common occurrence experienced by female entrepreneurs is part of a wider problem. Women report more instances of sexist comments, disregard for their business ambitions and lack of female mentors as significant underlying reasons why there is now a heightened cultural stigma around chasing late payments amongst female entrepreneurs – more so than men.

In South Africa, the stigma extends past culture, with 40% of Small & Medium Businesses failing to follow up on late payments to protect client relationships. Time and resources are also challenges, with 24% of small businesses saying they don’t have a dedicated resource to chase payments and 13% saying they don’t have time.

There is no place for bias in business – all entrepreneurs should be free to pursue their ambitions without suffering the consequences of these cultural barriers that are encountered far too often – regardless of gender.

Now is the time to disrupt and challenge these harmful stereotypes and create a force for good, making sure that small businesses – the engine room of all economies – are paid what they are duly owed for the services they deliver to our economy.

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Entrepreneur Today

#RiseToTheChallenge Now By Visiting The SleepOut™ Movement

The SleepOut™ Movement was born out of a desire to address homelessness as a threat to human dignity and the realisation of fundamental human rights. The SleepOut™ Movement is underpinned by the philosophies of Social Innovation and Engaging Business ‘As A Force for Change’.

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Primary Beneficiaries appointed by The CEO Sleepout Trust™ for 2018 are Liliesleaf Farm and Museum and The Qunu Food Security Project. These Primary Beneficiaries will be awarded a portion of funds raised from a series of The SleepOut™ Movement Events taking place during July this year honouring the 100th anniversary of Nelson Mandela’s birthday. Donations by the Trust to Primary Beneficiaries from previous years’ events amounted to an impressive R38-Million.

“Action without vision is only passing time, vision without action is merely day dreaming, but vision with action can change the world!”, Nelson Mandela.

The SleepOut™ Movement brings together Businesses and Influencers to purposely and effectively address the Five Pillars that alleviate homelessness: Shelter, Nutrition, Healthcare, Education, and Community. Curated by social enterprise The Philanthropic Collection, whose mission is Creating Conscious Capital, The SleepOut™ Movement aims to spearhead innovation in philanthropy by moving beyond current practices and beliefs, employing business strategies to do good for others.

The SleepOut™ Movement’s mission in 2018 is embodied by its Special Chapters, The Nelson Mandela CEO SleepOut™ – Liliesleaf Edition and The Nelson Mandela Legacy SleepOut™ – Robben Island Edition.

Related: The Kindling Of The Entrepreneur Spirit

On Wednesday 11 July 2018, The Nelson Mandela CEO SleepOut™ – Liliesleaf Edition, aims to host 200 CEOs (each with four distinguished guests whom embody Madiba’s leadership and humanitarian qualities) as they #RiseToTheChallenge, spending a winter’s night at the iconic Liliesleaf Farm and Museum in Rivonia, Johannesburg.  In addition, an auction will be opened to participating CEO’s for Madiba’s outside bedroom at Liliesleaf where he, Madiba, spent countless hours writing, reading and reflecting. Opening bids start at R250 000.00 with an overall goal of raising R30-Million.

On Wednesday 18 July 2018 and what would have been Madiba’s 100th birthday, 67 Global Influencers, Business leaders and Celebrities will spend the night on Robben Island, inside the maximum-security prison and courtyard where Mandela spent 18 years. On this same night, an auction will be held for the highest bidder commencing at $250 00.00 to sleep inside Cell Number 7 – Madiba’s home during his imprisonment. The aim is to raise $6,7 million through our 67 Participants at a Pledge of $100,000.00 each.

As a Primary Beneficiary focused on Community Upliftment, Education and Nutrition, the Qunu Food Security Project is operated by Dr. Brylyne Chitsunge, Pan African Ambassador for Food Security, who stated, “Through the funds generated as a Primary Beneficiary of The SleepOut™ Movement our plan is to develop a platform for Agricultural Stakeholders to work with 250 members of the Qunu community on Mandela’s farm ensuring the development of agriculture and commercial farming within More/….2

South Africa. The funds received will determine how many farmers are trained, the amount of product supplied and the number of bursaries that can be awarded to Scholars wanting to study Agriculture”.

Beneficiaries/….2

The second of the 2 Primary Beneficiaries is Liliesleaf Farm & Museum, once the nerve centre of the liberation movement and a place of refuge for its leaders, and is today one of South Africa’s foremost, award-winning heritage sites, where the journey to democracy in South Africa is honoured.    

Recognised as one of South Africa’s leading heritage sites, Liliesleaf opened to the public in June 2008 and has since attracted thousands of local and international visitors, eager to understand and engage with a pivotal period in South Africa’s liberation struggle. Sir Nicolas Wolpe, CEO of Liliesleaf Trust, states, “We are honoured to have not only been chosen as the venue for The CEO SleepOut™ but also as one of the Primary Beneficiaries of The SleepOut™ Movement enabling us to continue our work in preserving our heritage as an important symbolic presence of our country’s struggle and through our educational programmes we continue to inspire younger audiences to face the challenges of today”.

Related: How To Develop A Unique Brand Name In A Global Marketplace And Protect It

In addition to the Primary Beneficiaries The SleepOut™ Movement benefits a number of Secondary as well as Satellite Beneficiaries, with the funds raised through the 2 auctions taking place at Liliesleaf and on Robben Island benefitting the Prison-to-College Pipeline SA developed through a partnership between Stellenbosch University and the South African Department of Correctional Services & Western Cape Community Organisations aimed at integrating them back into their communities.

#RiseToTheChallenge now by visiting The SleepOut™ Movement – https://theceosleepoutza.co.za

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New Application Round For Growth Fund: SA SMEs Can Apply For Grant Funding By 29 June 2018

A new application round has opened for the R12.8million Growth Fund to boost SME growth and job creation.

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The Growth Fund is a grant fund specifically for growing South African small businesses who need a cash injection to scale up further and create jobs.

The Growth Fund is managed by CDI Capital, which was incorporated as a CDI subsidiary in 2016 to catalyse funding for SMEs. The funding has been enabled through contributions by the National Treasury’s Jobs Fund, the Technology Innovation Agency (TIA), and the Western Cape Department of Economic Development and Tourism (DEDAT).

The Growth Fund is open to South African-owned businesses who operate within South Africa, who are at least one year old with turnover or assets above R1m.

Each applicant must demonstrate their year on year growth and/or the potential for sufficient growth and must be tax compliant. Applicants also need to match 20% of the contribution of the Fund through a cash contribution to achieve agreed objectives. Importantly, the business must be able to create new jobs.

Related: 3 Start-up Funding Tips To Help Launch Your Company

SMEs that meet the criteria for funding, can apply online, and are taken through a diligent process of selection and support, whereby successful applicants contract for a three-year intervention and disbursement plan, performance managed by quarterly reporting, oversight and inspection, bespoke mentorship, and business development support.

Respected as one of most successful and longest-standing SME development organisations in SA, CDI provides support to over 4 300 SMEs who in turn create over 11 100 jobs or income-generating opportunities. In its first funding round (2012 – 2015), the CDI exceeded targets, creating 464 jobs in 45 businesses. Participating SMEs grew their combined annual revenue by 73% over the three years.

Funding is limited to the first 60 approved applicants. The application deadline is 29 June 2018.
For more information and to apply, visit www.cdicapital.co.za/GrowthFund

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