- Promote accounting and finance education and research.
- Promote and develop best practice in academic management, funding and operational matters.
- Consult with and make recommendations to appropriate bodies.
- Liaise with CPAF on matters of joint concern.
- Promote a sense of community.
- Organise Annual National Conference.
- Run Research Bursary scheme.
- Run Staff Development Workshops.
- Represent the interests of Departments of Accounting and Finance by responding to relevant consultation exercises.
- Conduct Surveys, in collaboration with CPAF/BAFA, on the Sustainability of the Accounting and Finance Academic Community.
- Engage with the Professional Accounting and Finance Bodies.
- Engage with the Higher Education Academy.
- Engage with international community to share best practice.