What is ACCA?
In the rapidly evolving world of finance and accounting, professionals need a certification that stands out from the crowd. The ACCA is one such prestigious qualification that has been opening doors to global career opportunities. The Full form of ACCA is “The Association of Certified Chartered Accountants”, and it is an international professional accounting body that offers a range of qualifications in accounting, finance, and management. This qualification opens doors to various roles including audit, taxation, finance, and consultancy. The ACCA Qualification is a postgraduate-level certification that equips students with the skills and knowledge required to succeed in today’s fast-paced business environment.
Why Should You Choose ACCA?
Here are some compelling reasons that you should know about ACCA, and that will give you a fair view as to why ACCA as a qualification course is worthy of your time and efforts:
All-in-one Curriculum: The ACCA Qualification covers a wide range of topics, including financial management, auditing, taxation, and strategic business management.
Global Value: ACCA is recognized by over 180 countries, making it a passport to international career opportunities.
In Demand: ACCA-qualified professionals are in high demand, and the certification can accelerate career progression.
Networking Opportunities: ACCA has a global network of over 240,000 members and students, this guarantees access to various resources and working opportunities nationally and internationally,
Hassle-Free Study Curriculum: ACCA offers flexible study options, allowing students to balance work and study commitments. Various educational platforms provide ACCA classes, but if you are a working individual or want to save time, then Zell Education is a well-known ed-tech platform that offers online tuition for ACCA.
All About ACCA Examination
Apart from the unlimited perks of ACCA qualification, it becomes important to know how you can achieve this prestigious title. Here is a synopsis of the ACCA examination pattern and passing criteria, and all the details that are necessary for you to know before you appear for the ACCA exam: –
Ø You can start your ACCA journey after completing your 10+2 education or graduation.
Ø The ACCA qualification consists of 13 papers divided into three levels, which are
1. Applied Knowledge – This level consists of 3 exams that focus on fundamental accounting concepts.
2. Applied Skills – As the name suggests this level covers the practical application of accounting principles, to clear this level you need to pass 6 exams
3. Strategic Professional – This is the third level and consists of 6 papers, out of which there are two mandatory subjects, and from the remaining 4 subjects you can take an exam of any two subjects of your choice.
Ø The passing criteria for the ACCA exam are that you need to score at least 50% on each paper to pass. The ACCA exams are held four times a year (March, June, September, and December)
Ø The ACCA qualification demands rigorous efforts and conceptual understanding for all the topics covered, although this does not mean that you should hesitate to take a step forward as this can be undoubtedly achieved with online educational platforms like Zell Education.
ACCA Registration and Enrolment
To enroll for ACCA, follow these steps.
· Create an account on the ACCA website and set up your myACCA account. This involves filling out an application online that takes around ten minutes only,
· Provide proof of identification and age.
· Upload educational documents that meet the minimum entry requirements.
· Pay the registration fee and subscription fee. You must pay an exam fee for each exam you appear for in the respective levels. The ACCA course fee varies based on factors like location and study mode. The average ACCA course fee in India is around 1,70,000.
Career Paths and Opportunities for ACCA Qualified
ACCA-qualified professionals can pursue a wide range of career paths, including:
ü Financial Management: ACCA-qualified professionals can work as financial managers, financial controllers, or chief financial officers. They get opportunities to lead financial strategy.
ü Auditing and Assurance: ACCA-qualified professionals can work as auditors, assurance specialists, or risk management specialists. Big 4 firms and other well-known auditing brands eagerly look for ACCA-qualified and hire them offering an average package of 15 LPA to 18 LPA, which grows in numbers with increasing years of experience. Ed-tech platforms like Zell Education offer guaranteed placement opportunities and interviews.
ü Taxation: ACCA-qualified professionals can work as tax consultants, tax managers, or tax directors. These roles involve handling tax-related tasks such as advising on tax planning, compliance, and optimizations.
ü Management Consulting: ACCA-qualified professionals can work as management consultants, strategy consultants, or business advisors.
Conclusion
In conclusion, ACCA is a powerful certification that can unlock global career opportunities in finance, accounting, and management. With its global recognition, comprehensive curriculum, and flexible study options, ACCA is an attractive choice for professionals seeking to advance their careers. Whether a student or a working professional, ACCA can help you achieve your career goals and succeed in today’s fast-paced business environment.
