The research conducted by ACCA and Meridian West among 20 of the largest Indian national and multinational corporations, as well as accountancy firms operating in India, found that Indian businesses are addressing skills gaps in their finance function. To compete effectively in a global marketplace, Indian businesses need to embrace an international outlook and boost the skills and experiences of their business leaders today and their leaders of tomorrow. The path to growth is not without its challenges, including increased regulatory and reporting requirements, pressures on cost and margin, and volatile foreign exchange rates. Finance professionals will play a vital role in helping to navigate this path to growth. However, the research also found that there are significant skills gaps within the finance function, and that finance professionals need to have a deeper understanding of business and financial controls.
