CPA Australia launches financial literacy app for children in Cambodia

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CPA Australia recently announced the launch of an educational app to help improve the financial literacy of children in Cambodia. In a partnership with Australian international aid organization CUFA, theCPA Australia Count4Kids Cambodia Appwas launched in Chhouk village, Kampong Chhnang province, in central Cambodia.

CPA Australia chief executive Alex Malley said in a statement that the app would provide local children aged 7-12 with the opportunity to learn the basics of financial literacy.

“CPA Australia is proud to have partnered with CUFA to deliver this innovative educational tool that will improve the financial literacy of children in Kampong Chhnang province and beyond," stated Malley. "We are confident it will have tremendous benefits for the whole community.”

“As one of the world’s largest accounting bodies, we recognise the value of an education grounded in the principles of accounting and finance," he continued. "Whether kids come from Chhouk village, New York City or Sydney, we know that the development of financial literacy at a young age creates independence and can have a positive long-term impact. CPA Australia is committed to our partnership with CUFA and to continuing our work in Cambodia." 

CUFA chief executive Dr. Peter Mason stated that CUFA has made great progress in improving financial literacy in Cambodia and across the Asia with its Children’s Financial Literacy (CFL) Program. 

“Our program has so far provided more than 70,000 Cambodian students with financial education lessons,” Dr. Mason said. "CUFA’s partnership with CPA Australia has enabled a new and exciting element to CUFA’s CFL Program with the Count4Kids Cambodia Project providing access to technology and the opportunity to learn about technology through the use of Samsung tablets. The tablets are loaded with the app and will be available for children to use with the support of CUFA project officers.” 

The app introduce children to four basic financial concepts: earning money, budgeting for items, saving for future financial goals and making choices about spending money. CPA Australia’s general manager for education, Antony Matis, was on-hand in Chhouk village to launch the app and distribute the tablets.

CPA Australia has more than 155,000 members working in 120 countries around the world. The organization looks to work with local and international bodies to represent the views and concerns of the profession to governments, regulators, industries, academia and the general public. 

For more on CPA Austrailia, head to their site here.