IAB Awards Accreditation to Leading Indian Accounting Software Company

Leading UK awarding body, International Association of Book-keepers (IAB) Qualifications for Business has successfully negotiated a joint venture agreement with Tally India Private Limited (Tally India). This agreement offers the opportunity for the IAB to accredit the training offered by Tally through its channel partners in India and in its overseas markets

This is excellent news for the IAB, as Tally Accounting Software is the market leader in India and the Middle East, just as Sage currently is in the UK’, says Malcolm Trotter, Chief Executive of the IAB. ‘It is the intention of both the IAB and Tally, that this will be the beginning of a long and fruitful relationship and that this will be the first of several successful collaborative activities’, he adds.

Both organisations share the desire to combine their strengths to provide a coherent and progressive framework for a student skills and career development.

Mr. Anil Jogani, President, Corporate Services and Global Marketing & Communications, Tally Solutions Group, India states:

‘Tally India’s initiative in education takes a new dimension in bringing international quality standards for vocational Education & Training in India and other emerging economies. Tally India’s Online Certification of proficiency in accounting on computers is designed to make learners instantly equipped for the job market. This initiative is now endorsed by IAB and will create a distinct pool of accounting professionals in Asia with a UK NVQ (National Vocational Qualification-Level 3) that should give them a competitive advantage. It would also help provide better quality of service to international clients.”

Tally India’s accredited learning program consists of “Accounting on Computers” using “Tally”, accounting software package. The program is currently sub-divided into four levels, each consisting of 15 Hrs of ‘Instructor Led’ learning and 30 Hrs of ‘Problem Solving’.

Successful students become Tally Certified Professionals (TCP) and are now to be able to gain added value through the award of an IAB certificate. They could then apply for Associate membership of the IAB which allows the use of the designatory letters ‘AIAB’ after their name.

After gaining a minimum of 12 months’ experience in employment or self employment in a book keeping or accounting role, Tally Certified Professionals will be entitled to apply for full membership of the IAB.

‘The Member may then use the designatory letters ‘MIAB’ after their name and enjoy the full benefits and status of being a member of the IAB’ adds Malcolm Trotter.

Becoming a Tally Certified Professional is an extremely rigorous process, where once students have completed four levels of learning they must succeed in the Tally internal assessments, comprising a series of tests. The final certification examination is for duration of one and half hour and tests the ability of the student in demonstrating application skills in computerised accounting. Anyone who scores 55 % and above is currently certified as TCP and those who score less have to take the test again.

All tests are designed in accordance with Tally specifications and standards and fit for the purpose of making a fair and accurate assessment of the ability of candidates tested at the relevant Tally level.

Tests are conducted online by Tally India.

‘The IAB will be making regular visits to Tally to quality assure the internal assessment process in order to ensure the continuance of external accreditation’, said Malcolm Trotter.