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18 April 2024
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Let's get a grip on the ACCA.

ACCA stands out as one of the most appealing courses within the field of accountancy. To attain membership in the globally renowned Association of Chartered Certified Accountants (ACCA), one must successfully pass 13 out of the 15 examinations. Embarking on this journey not only enhances your knowledge and skills but also opens doors to esteemed opportunities worldwide.

Complete perceptions:
This curriculum provides students with a comprehensive grasp of diverse topics in accountancy. It enables them to develop a solid understanding of key areas including auditing, taxation, business management, financial management, and financial reporting. Beyond exam preparation, this knowledge equips students for further academic pursuits and employment opportunities. Moreover, technical expertise is deemed essential in this field.

Global  recognition:
ACCA's partnerships with global organizations and multinational corporations (MNCs) elevate its standing to international standards. Upon qualification, ACCA students gain the ability to pursue career opportunities worldwide. Moreover, professionals with ACCA credentials are widely trusted and recognized by the corporate sector. ACCA auditing has been endorsed in the UK since 1930, further solidifying its credibility. This qualification opens doors to diverse career paths, including accounting, tax consulting, auditing, and treasury management, ensuring a promising future for students in various fields.
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Involvement:
ACCA collaborates with employers globally, ensuring abundant job opportunities for all ACCA members with limitless potential for growth. By acquiring both theoretical and practical knowledge over time, members can progress in their careers.

Convenience:
ACCA offers a curriculum tailored to suit students' needs, including a student-friendly entrance exam. Students can balance their studies with work commitments and have the flexibility to study from home through online classes. With the option to attempt up to four papers at once and a generous ten-year timeframe to complete the course, students have the freedom to learn at their own pace.

International Recognition:
The ACCA curriculum adheres to international standards in accounting, making it recognized in numerous countries. Studying ACCA guarantees job opportunities worldwide, often with higher salaries.

Route to ACCA:
To attain ACCA certification, candidates must successfully pass 13 out of the 15 papers through examination. Exams are conducted four times a year, scheduled in March, June, September, and December. However, the first four papers can be attempted at any time and are not bound by specific exam windows. The ACCA papers are categorized into three levels.

ACCA Syllabus:

Applied Knowledge Module
Business and Technology(BT)
Management Accounting(MA)
Financial Accounting (FA)

Applied Skill Module
Corporate and Business Law(Law)
Performance Management (PM)
Taxation (TX)
Financial Reporting (FR)
Audit and Assurance (AA)
Financial Management (FM)

Strategic Professional Level
Mandatory
Strategic Business Leader (SBL
Strategic Business Report (SBR)

Optional(Choose any two)
Advanced Financial Management (AFM)
Advanced Performance Management (APM)
Advanced Taxation(ATX)
Advanced Audit and Assurance (AAA)
Additionally, there is an Ethics and Professional Skills Module assessment that can be completed at any point during the course.
Upon completion of the ACCA exam, individuals are recognized as ACCA Affiliates. After acquiring three years of work experience and passing the ethics module exam, they are eligible to become members of the ACCA's governing board.

Eligibility:
In India, the minimum qualification required to pursue the ACCA course is completion of the +2 level. However, individuals with bachelor's and master's degrees are also eligible. Even those who have passed the 10th standard can enroll in the course, subject to meeting additional criteria.
Degree holders may be exempted from certain exams upon entry into the ACCA program. Similarly, individuals who have completed other professional courses such as CA and CMA IND may also be exempt from certain papers. For detailed eligibility requirements, please refer to the eligibility section on the ACCA Global website.

To find out which institutions are accredited by ACCA Global for study, you can use the following links.
https://www.accaglobal.com/in/en/qualifications/why-acca/university-partnerships.html
https://www.accaglobal.com/gb/en/student/tuition-study-options/approved-learning-partners.html
https://yourfuture.accaglobal.com/global/en/getting-started/find-a-tuition-provider.html

Article By: Mujeebulla K.M
CIGI Career Team



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