What is ACCA?
The Association of Chartered Certified Accountants is a professional accounting body in the United Kingdom. The Course trains the candidate in each and every aspect of Accounting including Financial Accounting, Taxation, and Management Accounting. It has 233,000+ members and 536,000+ students across 180+ countries. With the expanding economies and business structure, financial experts like ACCA and Diploma in IFRS demand is ever increasing. Many Corporate companies are looking for ACCA professionals to manage their Finance, Accounts and Analysis Functions. The job Opportunity is plenty with attractive salary packages.
Benefits of becoming an ACCA
- Global Recognition – The qualification is recognized and respected in over 180 countries, giving you a significant advantage in the global job market. You’ll be eligible for a wider range of career opportunities internationally, opening doors to exciting possibilities and higher earning potential.
- Enhanced career prospects – This qualification opens doors to senior finance positions in multinational companies, government agencies, and private firms.
- Diverse Career Paths – This qualification opens doors to exciting roles beyond traditional accounting. Big Four firms like KPMG, Deloitte, EY, and PwC value ACCA-qualified professionals for their broad skillset in advisory and tax services.
- Certification offers many possibilities – the scope of your career is tremendous. It gives you a range of versatile and flexible choices to consider. One can render their services across a variety of accountancy-related fields
- Well-structured Program – It is one of the best programs that provide extensive knowledge of accounting and finance concepts. It also covers all important topics needed to excel in any chosen field of accountancy, such as managerial, strategic and analytical modules.
- Partnerships with Employers – The members are valued by employers and business partners worldwide. Members are well known for their professionalism and skills. Therefore, members are in high demand.
- Flexibility – The Qualification is flexible. Its entry requirements and study options are very flexible. If you don’t want to give in any attempt, you can simply skip it. It gives you the flexibility to complete your Qualification in 10 years from the registration Date.
Eligibility of ACCA
The first thing after reading this in your mind is the Eligibility and Roles you get after ACCA.
So firstly, we are going to talk about the Eligibility for ACCA:-
If you are a student who has completed Class 12th from the Commerce stream and passed English and Mathematics, with 65% marks in at least two subjects and over 50% marks in others, you can start your Journey along with your graduation.
What if the student does not belong to a commerce background and did not score the required marks for ACCA?
Don’t worry there is another route to Register in ACCA for the students which is known as FIA (Foundation in Accounting)
There are Seven Papers in the FIA/Foundation Level Route:-
- Recording Financial Transactions
- Management Information
- Maintaining Financial Records
- Managing Cost & Finance
- Foundation in Business and Technology
- Foundation in Management Accounting)
- Foundation in Financial Accounting)
The first Four Papers are Optional (can be skipped) and the remaining three are Mandatory But the last three papers of FIA/Foundation level are the same and overlap the first 3 papers of ACCA
Once you pass FIA’s last 3 papers, you can directly start with the 4th Paper of ACCA.
There are many Exceptions as per student qualifications whether They are B.com, M.com, MBA or pursuing a Chartered Accountancy course. If you are a Chartered Accountant you can start with a Professional Level.
I hope all your doubts are clear regarding Eligibility and Exemptions. Go and Check Your Exemption Now – https://www.accaglobal.com/uk/en/help/exemptions-calculator.html
Now we are going to talk about the Roles you get after ACCA.
Career paths for ACCA
ACCA members can pursue diverse careers in various finance fields, including:
- Tax Advisor
- Management accountant
- Financial analyst
- Investment banker
- Forensic accountant
- Chief financial officer (CFO)
How to start your ACCA journey
If you’re interested in pursuing the ACCA qualification, here are the steps:
- Meet the entry requirements: You’ll need a high school diploma or equivalent qualification.
- Register with ACCA: Create an online account and choose your study path. Fintram Global offers free ACCA registration and other scholarships to all its students.
- Prepare for the exams: Various study resources are available, including online courses, textbooks, and revision materials. Fintram offers face-to-face and online ACCA courses through video-based lectures along with real-time support and comprehensive ACCA study material.
- Gain professional experience: Work in a finance-related role while studying for exams.
ACCA is a valuable investment in your future, offering a rewarding career path and global recognition. If you’re passionate about finance and committed to professional excellence, ACCA might be your perfect choice.
Remember, the decision to pursue this qualification is yours. But if you’re looking for a challenging and rewarding career in finance, It is worth considering!
ACCA Success Stories
FinTram’s Success Stories shine a light on the transformative power of dedication and expertise. Through inspiring interviews and insights, they showcase the diverse career paths unlocked by the Association of Chartered Certified Accountants.
These stories are not just motivational; they’re a practical guide, offering valuable tips and strategies.