Acca referred to association of chartered certified accountants is a foremost international institute.
This institution is recognized globally and is treated by all the universities around the globe equal to their local education. It is originally uk based for candidates trying to become professional accountants and has 170000 qualified members and 436000 students all around the globe. The association of authorised public accountant aapa is one of the british expert bodies for the accountants and is a partner of acca since 1996. Support offices exist in 91 countries across the globe. Acca works in all field related to business and finance. Some are related to public sectors some to private sectors while there are some who are appointed to the governing bodies. The recent syllabus of acca consists of 14 examinations and is divided into two parts- the fundamental level and the professional level. The fundamental level to get acca consists of nine examinations which include: accounts in business.
Management accounting. Financial accounting. Corporate and business law. Performance management. Taxation. Financial reporting.
Audit and assurance. Financial management. The professional level consists of 5 examinations where 3 papers are compulsory and then from the rest 4 optional subjects two subjects are selected. The major paper includes: governance risk and ethics.
Corporate reporting. Business analysis. The rest 4 optional subjects include: advanced financial management. Advanced power management. Advanced taxation. Advanced audit and assurance. Benefits after you get acca qualification: for getting acca it is very important to know what kind of qualification at the lower level you must have in order to pursue it.
Acca is a very flexible institution that allows you to study while youre working and even gives you the opportunity to complete the exams within ten years. Listed below are some of the benefits that you enjoy after getting an acca qualification: securing acca would make one capable to become a chartered certified accountant and use the provided acca letters and work in different fields of management and finance in business globally. Acca creates better employment opportunities due to the candidates ability in all areas of business. An acca qualification assures the employer that he or she has all the necessary skills to move to a more senior position. After one acquires acca qualification he or she gains higher status in the eye of the clients. Acca does not only provide specialist knowledge in the field of finance and accountancy but also provides valuable skills in the field of organizational management and strategy.
An acca degree holder possesses all the required skills and knowledge which are in demand for being an employer in the industry banking auditing and consulting and as well as other professions like taxation and law. Acca prepares the graduates not only on the basis of theoretical level but also prepares for the practical usage. It is an education of a high standard which is very much equivalent to completing the university degree as imparted by the other universities globally. Acca is based on international accounting and auditing standards so its degree is accepted globally and the chances of getting a job are also high for a person who holds this degree. To acquire acca one needs to give exam while studying. Apart from the benefits once one gets acca it gives the holder a personal satisfaction of having all the required skills in the field of business and finance. Things you need to know about it before you get acca: being a globally recognized professional body it issues international qualifications in the business that is accepted worldwide.
It is uk based so it is majorly recognized by all the member states of european union and also by the members of united nations. It conducts fourteen written exams which give the candidate a relevant practical experience necessary to gain in a business sector when the candidate is working on it. It is a very flexible institution.
The candidate can give four exams each session. Normally it takes two or three years to complete it but the candidate also has the option to complete it within ten years even when he or she is working. It provides valuable knowledge in all the areas of business from financial statements management accounting business taxation and law to audit and also business ethics. Since it is recognized globally and is a highly respected qualification many multinational and local firms seek their employees to study and acquire acca qualification.
Studying to get acca qualification: to obtain acca degree it is necessary to pass al the 14 examinations both on the fundamental level and professional level even after holding a degree related to accountancy or business. The candidate can study for the examinations however he or she likes. The candidate can access the internet and prepare online.
Exams are held four times in a year march june september and december and at each attempt one can opt for as many subjects as he/she likes for the examinations to get into acca. But all the exams must be completed within the tenure of 10 years. Exams are held globally. Cost of the education to get acca: to get acca the only compulsory costs are those payable to acca. The charge required is the registration fee an annual subscription while you are studying and an exam fee for each time you take an exam.
All the costs are available online. Costs of examinations do not cover the charge of studying; it depends on your course. For better future and opportunities you have to get acca.