IFAC Professional

Accountants in

Business Committee

Page 2

IFAC PAIB -A Vision of the Finance

Professional and the Finance Function

CA 2025

Contents

Page 3

The Road to Relevance: Accounting for the Business

The financials only tell a small part

of a performance story

The accountant of today and tomorrow

needs to provide information and analysis

that supports decisions about all aspects

of an organization’s business model

Page 4

What do finance function customers want from the finance function?

Customer perspective of the finance function, and

key insights on opportunities and challenges

Page 5

Growth areas:

• Co-pilot

• Navigator

• Brand protector

• Influencer

The Professional Accountant Profile and Roles that

will Lead to Relevance

Germination areas:

• Story teller

• Technology and

digital enabler

Conservation areas:

• Trusted

Professional

• Analyst

Creative

destruction:

• Transaction and

process expert

CA2025 Project Proposed Competence Framework

Page 10

Knowledge, skills and competencies professional

accountants require to embrace roles

Business and

sector-specific

Interpersonal & behavioral

Technical

Ways to acquire relevant knowledge, skills and

competency:

• Formal and structured

– PAO qualification, additional education and CPD

• Lifelong learning

– On the job, secondments/job rotations, onsite

training, shadowing, experiential training, and

learning by doing in a supportive environment

• Social and community

– Mentoring/coaching (role models and reverse

mentoring, 360 performance feedback, and

volunteer roles (e.g. board member of treasurer of

an external organization)