October 2020

Hello all, welcome to our October monthly newsletter! Check out our latest NGA updates below and let us know if you would like to get involved in any of our initiatives. GENERAL UPDATE Covid-19 support Since the start of the Covid-19 pandemic seven months ago, we have all experienced vast changes to our daily lives. For many of us, we are now going into a ‘second wave’ and this is likely to be a challenging time. Please remember that the NGA community is here to support you and you can reach out to any of the team or our wider community within the WhatsApp group. Additionally, CABA charity provides a wide range of free services and self-help resources. To access these, click here. #EndSARS We are devastated by the violence taking place in Nigeria, which has resulted in numerous injuries and fatalities. New Gen Accountants is a community of diverse accountants, which includes Nigerians, including two of our Co-founders. Therefore, we stand with Nigeria and against police brutality and political corruption, including SARS. To our fellow Nigerians who are affected by this or have family who are affected, we are here for you. Please feel free to reach out to our NGA team if you need support or need someone to talk to.

What everyone else can do to support: 1. Educate yourself on the long history of police/political abuse within Nigeria 2. Visibly show your support for #EndSARS and keep the conversation going 3. Check on your Nigerian friends, family and our fellow NGA Nigerian members #EndSARS

PILLAR 1 UPDATE: PwC Black Talent in Business Programme

PwC have launched a new virtual business programme offering students a chance to secure an internship or an 11-month placement. This programme aims to reduce the underrepresentation of Black talent within accountancy firms. By completing this programme students will have the opportunity to secure a graduate role after completing their degree. This is open to all first-year students on a three-year degree or second year students on a four-year degree. Find out more here. ICAEW training vacancies Whether you are a school leaver or graduate if you are currently looking for a training scheme to complete the ACA qualification, ICAEW training vacancies offer many current opportunities. To view current vacancies, click here. Race and Diversity in Finance: Warwick Business School On Monday 19 October our NGA Chair, Monique Malcolm-Hay, spoke on a Warwick Business School webinar to discuss her experience as a young, Black woman in the world of Finance. She discussed the importance of race and diversity and her personal experiences relating to this topic. The event was really well received and we have heard fantastic feedback from the undergraduate and MBA students who attended. We look forward to holding many more similar sessions with Warwick Business School. PILLAR 2 UPDATE: What to do after ACCA As final exams approach, Kaplan have outlined the many pathways available after completing the ACCA. Knowing where to start can be confusing and you may not know the range of places where the ACCA qualification can take you. From working in industry to starting your own business Kaplan sets out a range of suggestions. To find out more, click here. PILLAR 3 UPDATE: NGA Presents: “From Accountant to Entrepreneur” To celebrate Black History Month, we launched a weekly videos series throughout October which highlighted some of the side hustles led by Black accountants within our network. NGA members' Alice Olafare - Pillar 2 Lead; Shammique Walker, Social Media Manager and Ellice Kenlock, Newsletter Editor collaborated to deliver the series. It featured Rotimi Odukoya, Founder of Clmbxr; Dami Martin, Co-Founder of Savvy Accountant; Benedicta Egbeme, Founder of BeniRatio Finances; Louise Kibirige, Founder of LNK Chartered Accountants and Jerome Fulton Jr, Founder of Angel B. Wilson Foundation. Each video detailed the entrepreneur’s business and explained how their understanding of accountancy has helped them throughout their journey. Watch the full series on our Instagram or LinkedIn. A Passionate Startup Pitch Is Powerful—But Can Be Misleading A new study co-authored by Yale SOM’s Song Ma has found that those with enthusiastic funding presentations are more likely to get venture capital funding but were less likely to build successful ventures. The research used machine learning technology and algorithms to analyse over 1,000 pitches and their successes. The researchers found that pitches which were more enthusiastic were 27% more likely to receive funding. However, these firms on average underperformed after funding raising many questions regarding the bias in funding presentations. To read the full article, click here. GLOBAL UPDATE: Will digitalisation and AI improve access for untapped black talent into the profession? Our Co-founder Aisha Chipampe was interviewed by the ICAEW for Black History Month discussing the ways in which Black talent can use digitalisation and AI to their advantage to help highlight their talent. Aisha also discusses her accountancy journey and shares what Black history month means to her. To watch the interview, click here. TEAM SUCCESS: Alice Olafare’s appointment as a trustee of Peer Power Youth We would like to congratulate our co-founder and Pillar 2 Lead Alice on being appointed as a trustee for Peer Power Youth. Alice was appointed after completing the Beyond Suffrage Trustee programme, which helps to promote representation within positions of power across society. Peer Power Youth is a charity which focuses on supporting young adults in the UK who have had difficult life experiences. Alice was interviewed by the Young Trustees Movement to discuss her trustee journey as part of their Black History Month celebrations. To read the invert view, click here.

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