ACCA or the Association of Chartered Certified Accountants is a reputed and a large global accountancy body which offers the Chartered Certified Accounting professional qualification.
ACCA is the global body for professional accountants headquartered at London and has presence in 182 countries. ACCA qualification is based on international accounting standards. It offers courses in local law and tax options making the qualification locally relevant too. ACCA qualification is recognized by key regulatory and education authorities around the world. ACCA certified accountants are in huge demand by various employers around the world.
ACCA course is cost-effective, flexible and follows international standards. Moreover technical and management skills are covered in the course too which makes an accountant equipped with diversified skills.
ACCA qualification covers subject areas as below:
- Management Decision Making
- Financial Reporting
- Financial Strategies
The ACCA Qualification is combination of theory and practical case studies. It is equivalent to completing full University Degree.
Minimum Qualification Required: Pass Grade 12 from a recognized board. If the student does not have the required qualification, then the student can still start off with the ACCA Program by registering for the Foundation Level Program first. There are no minimum entry requirements for the Foundation Level-one can start at any level.
As you work your way through Foundation-level qualifications you can achieve the following awards:
- ACCA Diploma in Financial and Management Accounting (RQF Level 2)
- ACCA Diploma in Financial and Management Accounting (RQF Level 3)
- ACCA Diploma in Accounting and Business (RQF Level 4)
- ACCA Certificate in Audit (RQF Level 4)
- ACCA Certificate in Taxation (RQF Level 4)
- ACCA Certificate in Financial Management (RQF Level 4)
To qualify as an ACCA member, a candidate will be required to do the following:
- Attempt and clear 13 exams that are divided into three levels:Knowledge, Skills & Professional. (ACCA does provide exemptions in some exams depending upon the candidate’s previous qualification)
- Record 36 months’ experience in a relevant role. The candidate can acquire the experience before /during/ after completion of the qualification.
- Complete the Ethics and Professional Skills module
ACCA has a flexible study approach and the students can take the computer based test at any of their ACCA’s Authorized Computer Based exam centers.
After completing ACCA, one can become
- Financial Auditor
- Business Analyst
- Financial Analyst
- Risk Manager
- Credit Control Manager
- Insolvency Practitioner
- Internal Auditor
- Business Risk Consultant
- IT Auditor
- ERP or a Transaction Advisory.
ACCA is a course which not only opens up new career possibilities but also provides with new options to study. For example, if students submit a project, they will get a BSc. in applied accounting, awarded by Oxford Brooks University. The Big 4 Accounting firms ( KPMG, PWC, Deloitte, Ernst & Young) readily employ ACCA qualified professionals. Also most MNCs too provide a great career path for ACCA professionals.