International chartered certified accountants' body grants UOWD's

B.Com Accounting program exemption from 9 papers

Dubai, September 6, 2007: The undergraduate Accounting program of University of Wollongong in Dubai (UOWD) has received approval from UK's Association of Chartered Certified Accountants (ACCA) for exemption from 9 out of 14 ACCA papers.

Following this development, UOWD students completing a bachelor of commerce in accounting can now gain professional certification from the ACCA to become chartered accountants, the university announced today.

"The fact that a professional body like the ACCA has granted exemptions to our students, bears testimony to the rigour and quality of our programs," commented Professor Nicholas van der Walt, CEO of UOWD. "Our undergraduate commerce students can now pursue their studies with the knowledge that their qualification will bear the ACCA prestige, and thus open new doors for employment and career advancement."

ACCA, a UK-based reputed body that has been around for over 100 years, has built a reputation of excellence in qualifications and training that is recognised around the world, especially by employers of accountants.

ACCA provides its members unrivalled access to global network of offices, learning providers, examination centres and employers. It has students and members in 170 countries, and offices and centres in nearly 80 countries. It also has partners around the world. Its basic mission is to support careers in accountancy. ACCA students and members are not bound by business-sector or country-border constraints.

"Getting the ACCA stamp of approval is a matter of great pride for UOWD which is incidentally completing 15 years of providing quality higher education in the UAE," added Dr. Lejla Vrazalic, Chair of the College of Business at UOWD. "Our focus is on producing professionals with a global perspective. Our enhanced relatoinship with ACCA will surely condolidate our reputation as providers of quality education in accounting."

The ACCA recognition comes at a time when accounting professionals command huge demand and attractive salaries in the region's booming economies, especially the UAE. The World Accounting Summit held in Dubai in May 2007 provided evidence that the world is now looking at the Middle East as the region that is witnessing dramatic changes in the financial and accounting fields.

Commenting on the career prospects of accounting students, Mohammad Meraj, Acting Marketing Manager, UOWD, said, "Accountants have a major role to play in defining a company's globalization strategies. In Dubai, the setting up of Dubai International Financial Exchange (DIFX) gave further impetus to the adoption of global best practices, including International Financial Reporting Standards (IFRS). Several leading global accountancy firms have launched operations in Dubai, opening great opportunities for accounting professionals."

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About University of Wollongong Dubai
Established in 1993, UOWD was the first Australian university in Dubai to be licensed by the UAE Ministry of Higher Education & Scientific Research. Located at Knowledge Village, it boasts 2500 students from 80 different nationalities. It is part of one of Australia's best performing research institutions, University of Wollongong Australia (UOW) which is recognised as one of the top Australian universities for excellence in teaching performance.

PR Contacts:
Anthony D'Silva,
Communicate Gulf (anthony@communicategulf.com)
Tel. +971 50 4571624.

Mohammad Meraj,
Marketing Manager 
UAE, University of Wollongong in Dubai,
(mohammadmeraj@uowdubai.ac.ae)
Tel: +9714 3672425

© Press Release 2007