One of Australia’s prominent accounting bodies has spoken of the success its partnership with a university is bringing to business owners.
The Institute of Public Accountants (IPA) deliberately focused on small business when it partnered with Deakin University last year to deliver a Master of Business Administration (MBA).
“The accounting profession continues to evolve and we want our members undertaking the IPA’s MBA professional program to be well-placed to provide the essential advice their small business clients are seeking as their trusted advisers,” said Professor Andrew Conway, the IPA’s chief executive officer.
“The IPA MBA has a dedicated small business advisory unit to help members, better service small business clients, extending from planning and marketing to socioeconomic factors affecting small business, including their mental health and wellbeing.
“The IPA is the only Australian professional accounting body offering an MBA as its Professional Program, and we believe this will keep our members ahead of the competitive pack and help to provide the high-quality, professional services that the small business owner needs and deserves.
According to Professor Conway, the partnership is allowing accountants more quickly educate themselves to better service their SME clients.
“New or associate members who have studied the six units required to complete the former IPA Professional Program are eligible to commence the Deakin MBA at the second stage of the IPA Program, which means they can attain a fully fledged MBA in half the time and half the cost,” he said.
“Small business clients can only benefit from their trusted adviser having this prestigious qualification.”
He concluded: “Globally, an MBA has the track record of increasing employment and promotion opportunities as well as rises in income.”