ACCOUNTING students will soon get training on a widely used business software, boosting their chances of being employed in big companies and business process outsourcing (BPO) firms.
German business software giant SAP has agreed to give the license for free, while a consulting firm will provide training and modules. Germany’s Deutsche Bank, which has BPO operations in the Philippines, will give financial assistance.
A memorandum of agreement was signed last June 25 by UST Rector Rev. Fr. Ernesto Arceo, O.P. with Systems Applications and Products in Data Processing (SAP) Philippines Inc., Kaisa Consulting Company, Inc., a business and information technology services firm, and Deutsche Knowledge Services, the financial controlling services provider of the Deutsche Bank.
The agreement establishes the SAP Learning Link Program in the University to teach students accounting-related activities using SAP software.
With the SAP license, faculty members and students can use the software for accounting lessons. Kaisa will house the SAP software’s servers and conduct training courses. SAP, with the help of Kaisa, will offer Financial Accounting and Controlling (FI-CO) modules to senior Accounting students.
“Our students will only get the FI-CO modules because the full-blown module is costly,” Accounting Dean Jose Ireneo said. “However, SAP, together with Kaisa, is giving these modules to the college for free.”
Deutsche will provide financial support to the University and the project. It will also establish a faculty development assistance program to meet the educational and research needs of the UST Alfredo M. Velayo-College of Accountancy.
In turn, the University will put up a steering committee to regularly monitor the project’s progress.
Thomasian Accounting students can later work at Deutsche, which is in need of graduates familiar with SAP, the college‘s Information Technology supervisor Shirley Teng said.
