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      Professional Development Framework for PAIBs

      Professional Development Framework for PAIBs

      Objective

       

       

      Developed by the Professional Accountants in Business (PAIB) Committee of the Institute, the Professional Development Framework for PAIBs aims to provide a useful and accessible guide to the competencies – such as prerequisite knowledge, skills, attitude, practices and standards of behaviour – necessary for PAIBs to perform both current and desired roles. The framework can help them to shape their careers, realize their objectives, and take control of their learning to achieve their goals. 

       

       

      Overview of the Framework

      The framework defines four different – yet interdependent – knowledge areas essential to PAIBs:

       

      Knowledge Area
      Competencies
      Technical Skills

      Accounting and Financial Reporting

      Management Accounting and Reporting

      Risk Management and Internal Control

      Taxation

      Information Technology

      Corporate and Strategic Finance

      Corporate Governance

      Sustainability

      Business Skills

      Business Planning and Strategy

      Business Relations

      Industry Knowledge

      Leadership and People Skills

      Performance Management

      Team Building

      Change Management

      Investor Relations

      Interpersonal Skills

      Ethics, Integrity and Professionalism Ethics, Integrity and Professionalism 
      Knowledge Area
      Technical Skills
      Competencies

      Accounting and Financial Reporting

      Management Accounting and Reporting

      Risk Management and Internal Control

      Taxation

      Information Technology

      Corporate and Strategic Finance

      Corporate Governance

      Sustainability

        
      Knowledge Area
      Business Skills
      Competencies

      Business Planning and Strategy

      Business Relations

      Industry Knowledge

        
      Knowledge Area
      Leadership and People Skills
      Competencies

      Performance Management

      Team Building

      Change Management

      Investor Relations

      Interpersonal Skills

        
      Knowledge Area
      Ethics, Integrity and Professionalism
      Competencies
      Ethics, Integrity and Professionalism 

       

      Competencies and sub-competencies relevant to different job seniority levels are identified under each knowledge area.

       

       

      Applicability

      For PAIBs – Learning and Development

      The framework provides an accessible guide to the knowledge, skills and mind-set required for PAIBs to perform both their current and desired roles at different seniority levels, through performing self-assessment.

      For Employers – Performance and Talent Management
      The framework enables organizations to plan and develop the skill sets required by the finance team – now and into the future, through evaluating its finance function.

       

       

      Sharing by PAIBs

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