The accounting and professional services industry is back in focus today. 

Founded in 1904, our guest is the Association of Chartered Certified Accountants or ACCA. This is a global body for professional accountants with over 200,000 fully qualified members and 500,000 students worldwide.  

While widely known as an association or educational body, ACCA essentially operates like a business with a turnover of over 200 million British pounds for the year ended March 2023.

It generates revenues through membership fees, courses and certification, but which is the most important revenue stream for the association?

Meanwhile, the number of accounting degree students at universities in Singapore has reportedly dropped over 10 percent over the past five years, despite rising demand for accounting professionals.  

So what does the talent shortage mean for ACCA in terms of potential future revenue? Also – how does the rising demand for accounting professionals provide ACCA an opportunity to get more people into the accounting profession and reverse the decline?

On Under the Radar, Drive Time’s finance presenter Chua Tian Tian posed the questions to Daniel Leung, Country Manager, ACCA Singapore.