What is ACCA? Why should one takes ACCA?

What is ACCA?

The ACCA Qualification is a highly-regarded accountancy qualification. ACCA (Association of Chartered Certified Accountants) is the largest and fastest-growing international accountancy body, with over 527,000 students and more than 219,000 members. More people around the world qualify in-country with ACCA than any other international body. ACCA’s reputation and influence are respected worldwide by employers, government and the profession itself.

ACCA Qualification is ranked at Masters level and on completion you’ll become an ACCA member.
ACCA’s Members, who are known as Chartered Certified Accountants, are employed in industry, financial services, the public sector, or in public practice. With statutory recognition in the UK and Ireland it has the authority to license its members to work as registered auditors.

How to get an ACCA Qualification?

In order to become a qualified chartered certified accountant and use the designatory letters “ACCA” after your name you need to complete:
• 13 exams (unless exemptions claimed)
• Three-years’ relevant practical experience requirements – can be completed while you are studying or after completing all exams
• An Ethics and Professional Skills module – ideally best completed along with Strategic Business Leader SBL*

Top 10 Reasons to Study for the ACCA Qualification

1. Flexibility
The ACCA Qualification is flexible. Its entry requirements and study options are very flexible. As long as you have completed high school (grade 12) with passes in Mathematics and English, you are eligible to enroll. The study options are so flexible that you can work and study at the same time. The examinations are held several times a year. You can choose to take between one to four papers in each exam period.
ACCA also gives you the freedom to complete your ACCA Qualification in 10 years from the date of registration. You also have a choice to study by yourself, study online or take lessons in a classroom.

2. Comprehensiveness
The ACCA Qualification is a very comprehensive qualification. It helps you to master technical and management skills that are required of a chartered accountant. Its syllabus covers fields such as taxation, auditing, law, business studies, professional and ethical issues, financial management, financial reporting, and management accounting. The qualification is designed to provide a wide range of competences and skills to the students.

3. Cost Effectiveness
The ACCA Qualification is a very cost effective way to gain knowledge and professionalism. The members not only gain technical knowledge in accounting and finance, but also gain valuable skills in organizational and strategic management. This combination of technical and management skills increases the career prospects of the members.

4. Worldwide Recognition
The ACCA Qualification is recognized all over the world. The ACCA has gained this strong recognition through building relationships with multinational organizations, overseas accounting bodies, educational institutes, governments, and organizations such as the World Bank and the United Nations. This means that an ACCA member can work in any part of the world.

5. Based on International Standards
The ACCA Qualification is based on international accounting and auditing standards. These standards are accepted in a large number of countries. Therefore, an ACCA member is equipped with skills to work in any country where these standards are accepted.

6. Higher Demand for Skills and Knowledge of ACCA Members
Organizations look for accountancy professionals who can understand the financial needs of the organization and who can evaluate and propose business solutions. The ACCA Qualification is designed to equip its members with the necessary knowledge and skills needed for finding and evaluating business solutions. This increases the demand of ACCA members and improves their career prospects.

7. Continued Professional Development
The ACCA members are required to continue their professional development throughout their life. This ensures that the knowledge and skills of the ACCA member do not become outdated. They are required to keep learning to keep their knowledge and skills up to date. This ensures that the ACCA members can work in highly volatile and rapidly changing environments.

8. Partnerships with Employers
The ACCA has partnerships with employers all over the world. There are over 8,500 employers approved by the ACCA that offer opportunities to the members and students. The ACCA works in collaboration with these approved employers to increase career prospects of its members.

9. Truly Global
The ACCA is a truly global accountancy body. It has members in over 173 countries.

10. Professional Status
The ACCA members are respected by the employers and business partners all over the world. The employers and business partners understand the professionalism and skills of ACCA members. Therefore, ACCA members are in high demand and highly paid.

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