The American Institute of Licensed Public Accountants (AICPA) has obtained a grant of almost $120,000 from the Maryland Division of Labor to broaden its Registered Apprenticeship for Finance Enterprise Companions within the state.
The funds from the grant will cowl instruction-related prices for at least 25 new apprentices.
By the state’s Apprenticeship and Coaching Program, greater than 12,000 apprentices are registered to be educated in new job expertise with 3,879 employers throughout the state. “Since day one, Governor Hogan has been targeted on using frequent sense options to develop and broaden financial alternatives for all Marylanders,” mentioned Secretary Tiffany Robinson. “His steadfast help for Registered Apprenticeship has allowed Maryland Labor to not solely develop the variety of apprentices in our state to an historic degree, but in addition to develop and diversify the industries and occupations which might be served by our profitable apprenticeship system. Our partnership with the AICPA is a continued step in the correct path.”
The apprenticeship program creates a brand new path for these seeking to pursue accounting and finance careers, whereas offering employers with a program to assist develop, retain, and diversify expertise. The apprenticeships mix paid on-the-job coaching, mentorship on the employer’s web site and potential monetary incentives to ease employer prices. The AICPA supplies on-line, structured studying for registered apprentices by the CGMA® Finance Management Program.
“The battle for expertise is growing, making the necessity for extra expert accounting and finance expertise much more urgent,” mentioned Tom Hood, CPA, CGMA, CITP, Government Vice President of Enterprise Engagement & Progress on the AICPA. “Our apprenticeship combines a world class studying program with mentorship and on-the-job coaching, which helps employers recruit and develop their very own, offering the type of office the twenty first century workforce expects –various, inclusive, collaborative, and progressive.”
The AICPA’s apprenticeship program, registered in Maryland, is competency-based and versatile, obtainable to new hires and incumbent workers in addition to these with four-year levels and people engaged on incomes their two-year diploma. It’s the first of its sort within the nation for accounting and finance.
“Apprenticeships supply a possibility to ‘earn when you be taught,’ which means that workers examine the CGMA Finance Management Program and obtain on-the-job coaching whereas additionally incomes a residing,” mentioned Joanne Fiore, Vice President, Pipeline and Apprenticeships, CGMA Americas on the AICPA Affiliation. “And apprenticeships assist construct a extra inclusive accounting and finance workforce by widening the aperture of candidates to think about. Not each candidate has to have all the talents, expertise and training up entrance, as a result of the apprenticeship supplies the chance to achieve them.”
Maryland is the primary state during which the AICPA has registered its apprenticeship. The AICPA has partnered with the Maryland Affiliation of CPAs to boost consciousness of and develop the apprenticeship within the state.
“This apprenticeship is an thrilling partnership with the AICPA and the State of Maryland to help extra Marylanders, each these looking for to enter the accounting and finance occupation and people companies in want of extra expertise on this vital space,” mentioned Rebekah Brown, CEO, Maryland Affiliation of CPAs.
The AICPA can also be a member of the Larger Washington Apprenticeship Community, a useful resource for employers looking for to implement apprenticeships.
The primary spherical of apprentices is predicted to be registered within the fall. For extra details about the apprenticeship program, go to AICPA’s Finance Enterprise Companion apprenticeship or e-mail ApprenticesUS@aicpa-cima.com.
