by Amber Rolfe

Seeking to get forward in accountancy and finance? Attempt ACCA… 

From managing accounts within the healthcare business to offering monetary recommendation in renewable power, monetary experience is in excessive demand in each sector. However how are you going to acquire the talents and expertise wanted to face out to employers and get forward within the monetary discipline? 

We spoke to ACCA, the worldwide physique for skilled accountants, to search out out the whole lot you should learn about ACCA {qualifications}:

What’s ACCA?  

ACCA (the Affiliation of Chartered Licensed Accountants) is the world’s most forward-thinking skilled accountancy physique, offering a spread of accountancy coaching and {qualifications} worldwide. 

With a various neighborhood of over 247,000 members and 526,000 future members in 181 nations, ACCA members are among the many world’s best-qualified and most extremely sought-after accountants. 

They’re additionally in demand in each sector possible, making job alternatives huge for ACCA members. 

What does the ACCA syllabus embrace? 

The ACCA Qualification provides college students probably the most up-to-date expertise wanted to turn out to be a finance and enterprise skilled.

It’s made up of three ranges of exams, plus an Ethics and Skilled Abilities module and 36 months of sensible expertise in a related finance or accounting function.

Right here’s a rundown of every stage, and what they cowl: 

1. Utilized Abilities: That is an introduction to the world of finance and accounting, serving to you to achieve a broad understanding of important accounting methods comparable to efficient enterprise operations, administration accounting and monetary accounting.

2. Utilized Information: At this stage, you’ll develop the sturdy, sensible expertise which might be a part of the strategic finance skilled’s toolkit – together with taxation, monetary reporting and audit.

3. Strategic Skilled: The ultimate stage of ACCA will train you dynamic expertise and strategic imaginative and prescient that every one nice companies and monetary leaders want. Strategic Skilled exams additionally provide the alternative to specialize in areas that greatest fit your profession ambitions.

Who’s ACCA for?  

ACCA provides a spread of pathways, making the qualification accessible to anybody – it doesn’t matter what your expertise stage is. 

Right here’s how one can begin learning ACCA, relying in your earlier {qualifications}: 

• When you have not less than two A Ranges and three GCSEs in 5 separate topics, together with English and Maths (or equal) – you can begin learning the ACCA Qualification immediately. On completion, you’ll turn out to be an ACCA member.
• When you have a related diploma – you might be able to begin learning ACCA at a better stage, making you eligible for exemptions from some exams. 
• In case you don’t have any of the above {qualifications} – you can begin with a Foundations in Accountancy qualification after which progress to the ACCA Qualification. Alternatively, you might take an ACCA Apprenticeship.

How a lot do ACCA accountants earn? 

Your wage expectations will fluctuate relying on the placement you’re employed in, the scale of the corporate, the sector, and some other {qualifications} you could have.

When you’re ACCA certified, you may count on a beginning wage of £25,000, rising to round £45,000 after you’ve gained a couple of years’ expertise.

In case you progress to director-level roles with ACCA, you might earn in extra of £100,000. 

Common wage checker

What strategies of studying ACCA are there?

There are various methods to hold out ACCA coaching, enabling you to be taught flexibly in a means that fits you. 

You’ll be able to select to check ACCA on-line or in a classroom, full-time or part-time – from wherever on the planet. 

You can even select how ceaselessly you sit your exams and what number of you are taking at one time.

How lengthy does it take to finish ACCA? 

It’ll take round one 12 months to 5 years to turn out to be totally ACCA certified, relying on whether or not you research part-time or full-time. 

What job can I get with an ACCA Qualification?   

Accountancy is crucial to all sectors and industries. Which means employers search out ACCA-trained professionals for a spread of job roles world wide. 

Widespread sectors and job roles for certified ACCA professionals embrace: 

Advantages of learning ACCA

The ACCA Qualification is very related to a spread of sectors inside accountancy and finance. Listed below are a couple of of the important thing advantages of learning ACCA:  

• You’ll be globally recognised. As a result of the ACCA qualification is recognised everywhere in the world, your profession prospects might be huge wherever you go. 
• You’ll stand out to employers. ACCA {qualifications} are extremely valued by employers, making ACCA professionals in demand. ACCA additionally at the moment works with greater than 7,900 Permitted Employers worldwide, serving to you to get into work as soon as certified.  
• You’ll acquire sensible, work-based expertise. ACCA is designed to equip you for the office, serving to you to develop experience that’ll make it easier to achieve a spread of accounting and finance roles.
• You’ll develop invaluable enterprise and finance experience, while gaining the moral judgement to create, shield, and report the sustainable worth delivered by organisations and economies. 
• You’ll be part of a world neighborhood of 247,000 ACCA professionals, offering you with the chance to construct invaluable connections everywhere in the world.

What do ACCA college students say?

“For me, accounting is a basic a part of any enterprise – who doesn’t want an accountant? From a younger age, I liked studying, construction, and numbers. The concept of being a part of one thing and making a distinction not solely throughout the organisation, but in addition for future generations, was an enormous optimistic benefit for me.”

“…. I’ve at all times heard about it – ACCA is such a globally recognised qualification. Even in case you don’t learn about accounting, I believe you’ll have most likely heard about it. If you acquire an ACCA qualification, you may stand out from the group. There’s infinite alternatives, sectors, and roles that you may go into.”

Discover out extra

Prepared to begin learning? Discover an ACCA course at this time.